The Fiction That Rich People Create The Jobs

Seth
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Re: The Fiction That Rich People Create The Jobs

Post by Seth » Fri Dec 16, 2011 1:15 am

The fallacy of the OP is exemplified in this statement from the article:
The customers of most companies, Hanauer points out, are ultimately the gigantic middle class — the hundreds of millions of Americans who currently take home a much smaller share of the national income than they did 30 years ago, before tax policy aimed at helping rich people get richer created an extreme of income and wealth inequality not seen since the 1920s.
Which statement is, of course, utter nonsense. Only by using the socialist zero-sum phrase "share of the national income" is this statement even partially correct. While it is true that the middle class of consumers take home a smaller "share" of the national income, this is a fallacy because it implies that Joe the Plumber is entitled to a "share" of the national economy and that he is getting "less" of it than he should be getting based on some (presumably but unstated) socialist notion of how much he "should" be getting. This common socialist fallacy states that for someone to get rich, someone else must be made poor, and it's a fallacious zero-sum game that has no basis in economic or social reality, which makes this claim just so much leftist bilge.

The truth is that both the middle class and the lower class are taking home more in absolute, inflation-adjusted terms than at any time in history, with even the very poorest improving their economic standing by 18% and the middle-class by 40% since 1979. And while the "1%'ers" doubled, they doubled in percentage of the population from 8% to 14%, which is an indicator of strong economic mobility, because all those new rich people had to come from somewhere.

A rising economic tide does indeed lift all ships.
"Seth is Grandmaster Zen Troll who trains his victims to troll themselves every time they think of him" Robert_S

"All that is required for the triumph of evil is that good men do nothing." Edmund Burke

"Those who support denying anyone the right to keep and bear arms for personal defense are fully complicit in every crime that might have been prevented had the victim been effectively armed." Seth

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Re: The Fiction That Rich People Create The Jobs

Post by PsychoSerenity » Fri Dec 16, 2011 2:08 am

Seth wrote: The truth is that both the middle class and the lower class are taking home more in absolute, inflation-adjusted terms than at any time in history, with even the very poorest improving their economic standing by 18% and the middle-class by 40% since 1979.

A rising economic tide does indeed lift all ships.
If you're going to make that claim you also need to account for the massive increase in production efficiency due the the continued increase of knowledge in the areas of science and technology which would still have happened just the same under any economic system.
[Disclaimer - if this is comes across like I think I know what I'm talking about, I want to make it clear that I don't. I'm just trying to get my thoughts down]

Seth
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Re: The Fiction That Rich People Create The Jobs

Post by Seth » Fri Dec 16, 2011 4:44 am

Psychoserenity wrote:
Seth wrote: The truth is that both the middle class and the lower class are taking home more in absolute, inflation-adjusted terms than at any time in history, with even the very poorest improving their economic standing by 18% and the middle-class by 40% since 1979.

A rising economic tide does indeed lift all ships.
If you're going to make that claim you also need to account for the massive increase in production efficiency due the the continued increase of knowledge in the areas of science and technology which would still have happened just the same under any economic system.
Why would I have to account for that, and what is your evidence that this increase in knowledge and production efficiency would happen "just the same" under "any economic system?"

The innovation and production efficiency in the United States, under a least ostensibly free-market conditions vastly outstripped the innovation and production efficiency in pretty much the rest of the entire world, and absolutely crushed communist regimes like Soviet Russia, which is why, for example, Reagan managed to bankrupt the Soviets, which ended the Cold War.

The fact remains that while the rich are getting richer, so are the poor, both in terms of wealth and economic mobility. The rich are getting much richer much more quickly, but that's nothing more than the free-market reward for savvy commerce. The point being that the zero-sum "the rich get rich at the expense of the poor" socialist argument is a non-starter and is a false claim.
"Seth is Grandmaster Zen Troll who trains his victims to troll themselves every time they think of him" Robert_S

"All that is required for the triumph of evil is that good men do nothing." Edmund Burke

"Those who support denying anyone the right to keep and bear arms for personal defense are fully complicit in every crime that might have been prevented had the victim been effectively armed." Seth

© 2013/2014/2015/2016 Seth, all rights reserved. No reuse, republication, duplication, or derivative work is authorized.

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Re: The Fiction That Rich People Create The Jobs

Post by JimC » Fri Dec 16, 2011 8:24 am

Clinton Huxley wrote:Rich people secrete jobs like aphids secrete honeydew. Just ask Seth.
And they want their ant workers to lick their arses...

Same old same old...
Nurse, where the fuck's my cardigan?
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Re: The Fiction That Rich People Create The Jobs

Post by Coito ergo sum » Fri Dec 16, 2011 1:31 pm

Seth wrote:
Coito ergo sum wrote:
Clinton Huxley wrote:
Coito ergo sum wrote:
Clinton Huxley wrote:Rich people secrete jobs like aphids secrete honeydew. Just ask Seth.
Flourishing industries create meaningful numbers of jobs.

So, the equation is simple, if the government wants to facilitate the creation of jobs, it ought to do what it can to facilitate the expansion of industries. By way of a general mission statement, that would mean determining which industries are potentially expandable, and then figuring out ways in which such industries can be helped so as to compete against international competition.

While it may not be the case that a modest tax increase will not significantly harm an industry, it is certainly the case that tax increases do not help an industry.
Bah, you'll be advocating a centrally-planned socialist command economy next
No. The central-planners are invariably lacking in sufficient knowledge or information to make and carry out a good plan.
And it is just as true that government invariably lacks sufficient knowledge or information to "determine which industries are potentially expandable." Any such attempt will fail miserably on both ignorance and corruption grounds.

Government's sole legitimate role in the free marketplace is to act as a policeman and regulate trade so that it is not fraudulent and does not create an initiation of force against any of the participants in the transaction (or anyone else for that matter), and to criminally punish those who initiate force or fraud in commerce.
There is a bit in the Constitution where Congress has the power to promote science and the useful arts. I would suggest that manned space exploration falls within that baileywick.

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Re: The Fiction That Rich People Create The Jobs

Post by Seth » Fri Dec 16, 2011 4:31 pm

Coito ergo sum wrote:
Seth wrote:
Government's sole legitimate role in the free marketplace is to act as a policeman and regulate trade so that it is not fraudulent and does not create an initiation of force against any of the participants in the transaction (or anyone else for that matter), and to criminally punish those who initiate force or fraud in commerce.
There is a bit in the Constitution where Congress has the power to promote science and the useful arts. I would suggest that manned space exploration falls within that baileywick.
Yeah, "promote" not "tax people to pay for and micromanage with regulation."
"Seth is Grandmaster Zen Troll who trains his victims to troll themselves every time they think of him" Robert_S

"All that is required for the triumph of evil is that good men do nothing." Edmund Burke

"Those who support denying anyone the right to keep and bear arms for personal defense are fully complicit in every crime that might have been prevented had the victim been effectively armed." Seth

© 2013/2014/2015/2016 Seth, all rights reserved. No reuse, republication, duplication, or derivative work is authorized.

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Re: The Fiction That Rich People Create The Jobs

Post by Coito ergo sum » Fri Dec 16, 2011 5:21 pm

Seth wrote:
Coito ergo sum wrote:
Seth wrote:
Government's sole legitimate role in the free marketplace is to act as a policeman and regulate trade so that it is not fraudulent and does not create an initiation of force against any of the participants in the transaction (or anyone else for that matter), and to criminally punish those who initiate force or fraud in commerce.
There is a bit in the Constitution where Congress has the power to promote science and the useful arts. I would suggest that manned space exploration falls within that baileywick.
Yeah, "promote" not "tax people to pay for and micromanage with regulation."
"The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises...[including but not limited to] To promote the Progress of Science and useful Arts...and To make all Laws which shall be necessary and proper for carrying into Execution the foregoing Powers."

So, Congress may make laws which it deems necessary and proper to carry out the execution of its power to promote the process of science and the useful arts. It may tax people to raise money to carry out its powers.

You're wrong.

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Re: The Fiction That Rich People Create The Jobs

Post by MrJonno » Fri Dec 16, 2011 7:10 pm

When you have laws written by people acting as philosophers as opposed to lawyers you are pretty much going to get the situation where you can justify anything from genocide to putting a man on the moon. Very much like the bible in fact
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Re: The Fiction That Rich People Create The Jobs

Post by Coito ergo sum » Fri Dec 16, 2011 8:28 pm

MrJonno wrote:When you have laws written by people acting as philosophers as opposed to lawyers you are pretty much going to get the situation where you can justify anything from genocide to putting a man on the moon. Very much like the bible in fact
Well, except that putting a man on the moon fits pretty easily within the area of promoting science, and committing genocide seems to fit squarely within the ambit of a denial of life without due process of law. To find otherwise would require some redefining of terms.

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Re: The Fiction That Rich People Create The Jobs

Post by MrJonno » Fri Dec 16, 2011 8:59 pm

There is nothing in the US constitution that defines what a human being is making it easy to justify just about anything. Atheists/muslims not really human beings for denying their creator god throw in the camps or the ovens. Blacks not human treat them as cattle no problems. I think 'General welfare of the United States' covers that (or universal health care for that matter).

Philosophy is great for debating forums but concepts like 'rights' , 'freedom' or other wooly words that can mean anything hence mean nothing have no place in any legal structure
When only criminals carry guns the police know exactly who to shoot!

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Re: The Fiction That Rich People Create The Jobs

Post by Seth » Fri Dec 16, 2011 11:35 pm

MrJonno wrote:There is nothing in the US constitution that defines what a human being is making it easy to justify just about anything. Atheists/muslims not really human beings for denying their creator god throw in the camps or the ovens. Blacks not human treat them as cattle no problems. I think it covers that (or universal health care for that matter).
There is no "general welfare" clause which authorizes Congress to do anything it wants. The leftist/progressive canard that the "general welfare" verbiage gives Congress plenary power was debunked by James Madison before the Constitution was even ratified:
It has been urged and echoed, that the power "to lay and collect taxes, duties, imposts, and excises, to pay the debts, and provide for the common defense and general welfare of the United States,'' amounts to an unlimited commission to exercise every power which may be alleged to be necessary for the common defense or general welfare. No stronger proof could be given of the distress under which these writers labor for objections, than their stooping to such a misconstruction. Had no other enumeration or definition of the powers of the Congress been found in the Constitution, than the general expressions just cited, the authors of the objection might have had some color for it; though it would have been difficult to find a reason for so awkward a form of describing an authority to legislate in all possible cases. A power to destroy the freedom of the press, the trial by jury, or even to regulate the course of descents, or the forms of conveyances, must be very singularly expressed by the terms "to raise money for the general welfare.

''But what color can the objection have, when a specification of the objects alluded to by these general terms immediately follows, and is not even separated by a longer pause than a semicolon? If the different parts of the same instrument ought to be so expounded, as to give meaning to every part which will bear it, shall one part of the same sentence be excluded altogether from a share in the meaning; and shall the more doubtful and indefinite terms be retained in their full extent, and the clear and precise expressions be denied any signification whatsoever? For what purpose could the enumeration of particular powers be inserted, if these and all others were meant to be included in the preceding general power? Nothing is more natural nor common than first to use a general phrase, and then to explain and qualify it by a recital of particulars.

But the idea of an enumeration of particulars which neither explain nor qualify the general meaning, and can have no other effect than to confound and mislead, is an absurdity, which, as we are reduced to the dilemma of charging either on the authors of the objection or on the authors of the Constitution, we must take the liberty of supposing, had not its origin with the latter. The objection here is the more extraordinary, as it appears that the language used by the convention is a copy from the articles of Confederation. The objects of the Union among the States, as described in article third, are "their common defense, security of their liberties, and mutual and general welfare. '' The terms of article eighth are still more identical: "All charges of war and all other expenses that shall be incurred for the common defense or general welfare, and allowed by the United States in Congress, shall be defrayed out of a common treasury,'' etc. A similar language again occurs in article ninth. Construe either of these articles by the rules which would justify the construction put on the new Constitution, and they vest in the existing Congress a power to legislate in all cases whatsoever.

But what would have been thought of that assembly, if, attaching themselves to these general expressions, and disregarding the specifications which ascertain and limit their import, they had exercised an unlimited power of providing for the common defense and general welfare? I appeal to the objectors themselves, whether they would in that case have employed the same reasoning in justification of Congress as they now make use of against the convention. How difficult it is for error to escape its own condemnation!
Philosophy is great for debating forums but concepts like 'rights' , 'freedom' or other wooly words that can mean anything hence mean nothing have no place in any legal structure
The law is nothing but a codification of the philosophy, morals and ethics of the national conscience.

To try to separate philosophy from law is like trying to separate mathematics from science.
"Seth is Grandmaster Zen Troll who trains his victims to troll themselves every time they think of him" Robert_S

"All that is required for the triumph of evil is that good men do nothing." Edmund Burke

"Those who support denying anyone the right to keep and bear arms for personal defense are fully complicit in every crime that might have been prevented had the victim been effectively armed." Seth

© 2013/2014/2015/2016 Seth, all rights reserved. No reuse, republication, duplication, or derivative work is authorized.

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Re: The Fiction That Rich People Create The Jobs

Post by MrJonno » Sat Dec 17, 2011 10:10 pm

To try to separate philosophy from law is like trying to separate mathematics from science.
No its just one or many peoples will nothing more
When only criminals carry guns the police know exactly who to shoot!

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