nCoV 2019-2020 Outbreak

[FadeToBlack&Gold]

Re: nCoV 2019-2020 Outbreak

The way I'm seeing that, is that it takes money to make more money, and of course that is proportionate to the money one has to begin with.

If I have a million bucks, of course I should be able to parlay that into much more money than someone who has $100K, in general/relatively/etc. Even going by percentages in those different totals in that graph, the amount of money/growth will compound.

Correct. If you're born rich, trusts and investments make it easy to stay that way, or you just pay someone smarter than you to manage your money.

[BassAle]

As I said, there is no longer a middle class. Justify it however you want.

So now I have call myself “fortunate” instead of middle class?

The way I always figured it was anyone that made less than me was poor and anyone that made more was rich

[Kepler]

Re: nCoV 2019-2020 Outbreak

The way I'm seeing that, is that it takes money to make more money, and of course that is proportionate to the money one has to begin with.

If I have a million bucks, of course I should be able to parlay that into much more money than someone who has $100K, in general/relatively/etc. Even going by percentages in those different totals in that graph, the amount of money/growth will compound.

No, it isn't only that. The rate of growth also increased as you go up the scale. Look at the 50% mark and the 99% mark:

  Yr    50%     99%   Ratio
1963    41   1,457    35.54
1983    83   3,323    40.03
2016    97  10,400   107.21

Let's specifically take the period since 1983, the Reaganomics Era:

50% wealth increase = (97-83)/83 = 17%
99% wealth increase = (10,400-3,323)/3,323 = 213%

That is what Republican and Democratic Neoliberal economic policies do.

Let's compare to the period 1963 - 1983, the Great Society Era:

50% wealth increase = (83-41)/41 = 102%
99% wealth increase = (3,323-1,457)/1,457 = 128%

That is what an aggressive graduated income tax does.

The low marginal tax rates increased the 99%'s ROI by 85% -- the exact amount that the 50%'s ROI decreased. It robbed from the middle class and gave to the rich.

That is the greatest redistribution of wealth between the classes in world history. It destroyed the American middle class and is now destroying democracy.

* Moved to Economics thread *

[Deutsche Gopher Fan]

Re: nCoV 2019-2020 Outbreak

Can we change the thread title if this is no longer a virus discussion

[Kepler]

Re: nCoV 2019-2020 Outbreak

The way to deal with thread drift is to talk about the original topic. Or to suggest the people who have a parenthetical move it to the appropriate thread. Nicely. Not like a dick.

[The Rube]

Re: nCoV 2019-2020 Outbreak

No, it isn't only that. The rate of growth also increased as you go up the scale. Look at the 50% mark and the 99% mark:

  Yr    50%     99%   Ratio
1963    41   1,457    35.54
1983    83   3,323    40.03
2016    97  10,400   107.21

Let's specifically take the period since 1983, the Reaganomics Era:

50% wealth increase = (97-83)/83 = 17%
99% wealth increase = (10,400-3,323)/3,323 = 213%

That is what Republican and Democratic Neoliberal economic policies do.

Let's compare to the period 1963 - 1983, the Great Society Era:

50% wealth increase = (83-41)/41 = 102%
99% wealth increase = (3,323-1,457)/1,457 = 128%

That is what an aggressive graduated income tax does.

The low marginal tax rates increased the 99%'s ROI by 85% -- the exact amount that the 50%'s ROI decreased. It robbed from the middle class and gave to the rich.

That is the greatest redistribution of wealth between the classes in world history. It destroyed the American middle class and is now destroying democracy.

* Moved to Economics thread *

That is the result of having more money to play with.

Anyway, there is still a middle class, it's just redefined.

Now back to the virus talk, if you have money, you're taken care of. If not...then good luck.

[Deutsche Gopher Fan]

The way to deal with thread drift is to talk about the original topic. Or to suggest the people who have a parenthetical move it to the appropriate thread. Nicely. Not like a dick.

That was me being a dick? Wow.

Lots of other places to argue economics, let’s leave This for the actual virus

[The Rube]

Re: nCoV 2019-2020 Outbreak

That was me being a dick? Wow.

Lots of other places to argue economics, let’s leave This for the actual virus

You weren't being a dcik, IMO.

[ticapnews]

Re: nCoV 2019-2020 Outbreak

Someone asked me a question and I answered it. The middle class as we knew it no longer exists. Some people can't or won't see it. Whether the reason is they're bad at math or they still believe in the American Dream, mom, apple pie, the Nuclear Family and the Middle Class and facing the reality would destroy their carefully constructed sense of self...well, that's anyone's guess.

I'm done now. Back to the cheerful topic of the deadly virus that will eventually wipe out humanity.

[Deutsche Gopher Fan]

Re: nCoV 2019-2020 Outbreak

It’s not cheerful, but for an epi nerd/grad student like myself it’s something I want to discuss alll the time. I probably need a new hobby

[ticapnews]

It’s not cheerful, but for an epi nerd/grad student like myself it’s something I want to discuss alll the time. I probably need a new hobby

A new hobby? Might I suggest college hockey?

[Kepler]

Re: nCoV 2019-2020 Outbreak

That was me being a dick? Wow.

Lots of other places to argue economics, let’s leave This for the actual virus

And that would be a fine way to put it. Not passive aggressive snark.

But on the Great Scroll of Internet Wrongs it has a hardness scale of 2, so de nada.

[Deutsche Gopher Fan]

And that would be a fine way to put it. Not passive aggressive snark.

But on the Great Scroll of Internet Wrongs it has a hardness scale of 2, so de nada.

Not sure Minnesotans know how to not be passive aggressive...

[The Rube]

Re: nCoV 2019-2020 Outbreak

Not sure Minnesotans know how to not be passive aggressive...

Well, bless your heart for saying that.

[mookie1995]

Someone asked me a question and I answered it. The middle class as we knew it no longer exists. Some people can't or won't see it. Whether the reason is they're bad at math or they still believe in the American Dream, mom, apple pie, the Nuclear Family.......

Wait, so now the blame is on single moms of color for messing up the American middle class family???