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Way to reinforce his "I pledge allegiance to the buck" observationWell, when you are able to erase the consumer demand for the best product at the lowest price, you might have success in halting what you find so objectionable. Until then, your beef is with reality, not business.
Did I ever take issue with it? The $ beneath my screen name didnt get there by accident.
Your god is the all mighty dollar? Does your faith wane with an inflation increase?Did I ever take issue with it? The $ beneath my screen name didnt get there by accident.
You know, SOAD, the only thing I seem to gain by our encounters is an increase in my post count.
It is clear that it means MONEY IS ABOVE ALL and this includes country, family, or whatever other things people believe are precious.So you really cannot tell me what the $ sign under your screen name means? How did it get there? Have you moved out of the country yet in search of greener dollars and larger profits?
It is clear that it means MONEY IS ABOVE ALL and this includes country, family, or whatever other things people believe are precious.
Best product and lowest price have little to do with underpaid international labourers; that's pure profit motive.Well, when you are able to erase the consumer demand for the best product at the lowest price, you might have success in halting what you find so objectionable. Until then, your beef is with reality, not business.
Underpaid? How did you determine that? As for the profit motive, so what? You make it sound like an indictment. How do you think these things work?Best product and lowest price have little to do with underpaid international labourers; that's pure profit motive.
It is clear that it means MONEY IS ABOVE ALL and this includes country, family, or whatever other things people believe are precious.
Underpaid? How did you determine that?
Yes, it is profit. And yes profit motive is a good thing just like morphine is good (if you are injured or having a leg cut off), but anything in extremes can be bad. REALLY bad.As for the profit motive, so what? You make it sound like an indictment. How do you think these things work?
Underpaid? How did you determine that? As for the profit motive, so what? You make it sound like an indictment. How do you think these things work?
No it isn't, you're confusing your descriptive statistics. (and why on earth would middle income be the third quintile not the second tercile?)
Middle income is defined as income between inflation-adjusted set points which delineate certain standard of living levels. "Middle income" is any income between the "lower income" and "upper income" cut off points.
The number of people falling into the "middle income" range is decreasing and those people are primarily going into the "lower income" range. Meaning that they are moving from a "middle income" standard of living to a "lower income" standard of living.
There are two main types of mobility, absolute and relative.[1] Absolute upward mobility involves widespread economic growth which benefits everyone[1]. Relative mobility is specific to individuals or groups and occurs without relation to the economy as a whole[1]. Different from absolute, relative mobility is a zero-sum game. Both absolute and relative income mobility have been large and upward in the past ten years for those starting with below-average incomes; 80 percent of taxpayers had incomes in quintiles as high or higher in 2005 than they did in 1996, and 45 percent of taxpayers not in the highest income quintile moved up at least one quintile[2].
There has been a great disparity of income growth between 1979 and 2004 in the United States. The real, after-tax income of the top 1% earners has grown by 176% percent during that time, compared to a 69% rise for the top 20%, and an increase of 9% for the lowest 20%[1]. Increasing income inequality, however, does not necessarily imply decreasing mobility. Median family income has risen 29% and mean family income has risen 43%, compared to the income of the previous generation for people that were children in 1968[3]. Most of this growth in total family income can be attributed to the increasing number of women who work since male earnings have stayed relatively stable throughout this time[3]. Two thirds of those who were children in 1968 reported more income than their parents, but only half of them exceeded their parents economic standing by moving up one or more quintiles[3]. Although one third of the nation is moving up quintiles, another third is downwardly mobile experiencing a decrease in income and economic standing compared to their parents[3].
Moving between quintiles is more frequent in the middle quintiles (2-4) than in the lowest and highest quintiles. Of those in one of the quintiles 2-4 in 1996, approximately 35% stayed in the same quintile; and approximately 22% went up one quintile or down one quintile (moves of more than one quintile are rarer). However, 42% of children born in the bottom quintile are most likely to stay there, and another 42% move up to the second and middle quintile[3]. On the opposite end of the spectrum, 39% of those who were born into the top quintile as children in 1968 are likely to stay there, and 23% end up in the fourth quintile[3]. Children previously from lower-income families had only a 1% chance of having an income that ranks in the top 5%[4]. On the other hand, the children of wealthy families have a 22% chance of reaching the top 5%[4].
Me, me, and more me!It is clear that it means MONEY IS ABOVE ALL and this includes country, family, or whatever other things people believe are precious.
These ultra neo liberals will stoop to nothing so long as they can make a buck! God only knows how much the global community is suffering because of these vultures. These people only worship Goldman Sachs and the like!
Watch and weep!!!!
BBC Speechless As Trader Tells Truth: "The Collapse Is Coming...And Goldman Rules The World" - YouTube
Making a profit is OK, but it's when profit is more important than people...that's not OK.Underpaid? How did you determine that? As for the profit motive, so what? You make it sound like an indictment. How do you think these things work?
QFTInterestingly, the Capitalist and the Socialist share something in common. They both want the Capitalist's profits
Socialist programs feed back the profits to the people. Where as Capitalism is ONLY about profits for the owner.Interestingly, the Capitalist and the Socialist share something in common. They both want the Capitalist's profits
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