The Cellar  

Go Back   The Cellar > Main > Current Events

Current Events Help understand the world by talking about things happening in it

Reply
 
Thread Tools Display Modes
Old 02-03-2012, 08:30 PM   #811
Lamplighter
Person who doesn't update the user title
 
Join Date: Jun 2010
Location: Bottom lands of the Missoula floods
Posts: 6,402
Occupy PDX
Quote:
Chapman and Lownsdale squares were reopened Thursday
to foot traffic for the first time in two and a half months.

On Friday, Occupy Portland announced that it will throw a potluck in the park at noon Sunday.
Well, what did you expect they would do !
Lamplighter is offline   Reply With Quote
Old 02-06-2012, 08:37 AM   #812
Undertoad
Radical Centrist
 
Join Date: Jan 2001
Location: Cottage of Prussia
Posts: 31,423
Quote:
Originally Posted by Undertoad View Post
The gain from 2003-2007 is rather large, but if we continue this graph from 2007-2011, I assure you the drop-off will be similarly massive.

The economics reason for this is simple:

During good times, everybody gets richer, but the rich get richer at a much faster rate. During bad times, everybody gets poorer, but the rich get poorer at a much faster rate.
And so they did. The numbers are in and from 2007-2009, 1%'s take of everything fell from 22.8% to 16.9%.



source

If we were to graph this on that CBO graph I criticized, the fall would be even steeper. And if we were to examine the top 0.5% it would even be steeper again:

Quote:
The most dramatic collapse has been in high incomes, as the most recent IRS data shows.

For example, since 2007 the number of millionaires has dropped 40 percent, while income reported by millionaires has dropped in half.
Undertoad is offline   Reply With Quote
Old 02-06-2012, 09:29 AM   #813
Lamplighter
Person who doesn't update the user title
 
Join Date: Jun 2010
Location: Bottom lands of the Missoula floods
Posts: 6,402
UT, sorry but I'm not getting your point... at least from it being posted in this thread.

On one hand, we understand that everyone suffered in the downturn since 2007.
Is your point that the 1% suffered more than others ?
Lamplighter is offline   Reply With Quote
Old 02-06-2012, 09:36 AM   #814
infinite monkey
Person who doesn't update the user title
 
Join Date: Mar 2011
Posts: 13,002
It seems analogous to losing weight: when you have 100 pounds to lose you can start shedding pretty quickly, and still have a lot left to lose. When you only have 10 pounds to lose, it's a struggle dipping into the fat reserves.

So I don't really get it either.

*shrugs*
infinite monkey is offline   Reply With Quote
Old 02-06-2012, 09:45 AM   #815
Spexxvet
Makes some feel uncomfortable
 
Join Date: Dec 2005
Posts: 10,346
Quote:
Originally Posted by Lamplighter View Post
UT, sorry but I'm not getting your point... at least from it being posted in this thread.

On one hand, we understand that everyone suffered in the downturn since 2007.
Is your point that the 1% suffered more than others ?
We should feel sorry for the unfortunate people who have lost 40% or 50% of their wealth and still have 1,000% of our wealth. Poor them. Poor, pitiful them.
__________________
"I'm certainly free, nay compelled, to spread the gospel of Spex. " - xoxoxoBruce
Spexxvet is offline   Reply With Quote
Old 02-06-2012, 09:47 AM   #816
infinite monkey
Person who doesn't update the user title
 
Join Date: Mar 2011
Posts: 13,002


I know. I feel so horribly for them. I'd like to take up a collection to save their 6th home in the Hamptons.

Sorry, but right now I don't feel sorry for one freaking rich person on earth...

Sure, they deal with all kinds of issues that us ordinary folk deal with, except for the ones they can buy their way out of.
infinite monkey is offline   Reply With Quote
Old 02-06-2012, 09:56 AM   #817
Undertoad
Radical Centrist
 
Join Date: Jan 2001
Location: Cottage of Prussia
Posts: 31,423
Quote:
Originally Posted by Lamplighter View Post
Is your point that the 1% suffered more than others ?
This is a continuation of the discussion in this thread from 3.5 months ago. My point is evident, to the critical thinkers in our presence, who apparently haven't posted yet today.
Undertoad is offline   Reply With Quote
Old 02-06-2012, 10:00 AM   #818
Lamplighter
Person who doesn't update the user title
 
Join Date: Jun 2010
Location: Bottom lands of the Missoula floods
Posts: 6,402
Quote:
Originally Posted by Undertoad View Post
This is a continuation of the discussion in this thread from 3.5 months ago. My point is evident, to the critical thinkers in our presence. If there are any.
Oh come on... that's a cheap shot.

What are you trying to say ?
Lamplighter is offline   Reply With Quote
Old 02-06-2012, 10:07 AM   #819
Undertoad
Radical Centrist
 
Join Date: Jan 2001
Location: Cottage of Prussia
Posts: 31,423
Just read the thread from 3.5 months ago, and live and learn. Imagine that you don't get the change the subject.
Undertoad is offline   Reply With Quote
Old 02-06-2012, 10:11 AM   #820
infinite monkey
Person who doesn't update the user title
 
Join Date: Mar 2011
Posts: 13,002
OK, what page is that exactly?
infinite monkey is offline   Reply With Quote
Old 02-06-2012, 10:13 AM   #821
Spexxvet
Makes some feel uncomfortable
 
Join Date: Dec 2005
Posts: 10,346
Lamp and Infi, I think UT just insulted us. In fact, I'm quite sure he did.
__________________
"I'm certainly free, nay compelled, to spread the gospel of Spex. " - xoxoxoBruce
Spexxvet is offline   Reply With Quote
Old 02-06-2012, 10:15 AM   #822
Undertoad
Radical Centrist
 
Join Date: Jan 2001
Location: Cottage of Prussia
Posts: 31,423
So you are able to read for comprehension when you want to.
Undertoad is offline   Reply With Quote
Old 02-06-2012, 10:17 AM   #823
Lamplighter
Person who doesn't update the user title
 
Join Date: Jun 2010
Location: Bottom lands of the Missoula floods
Posts: 6,402
Quote:
Originally Posted by Undertoad View Post
Just read the thread from 3.5 months ago, and live and learn.
Imagine that you don't get the change the subject.
I can't remember threads from two weeks ago, let alone 3.5 months

So lets start from today...
Quote:
For example, since 2007 the number of millionaires has dropped 40 percent,
while income reported by millionaires has dropped in half.
I take it from this quote your point is that Mitt Romney's income dropped
from $113,4000 per day to last year's level of only $56,700 per day.
That was, indeed, a terrible loss...
Lamplighter is offline   Reply With Quote
Old 02-06-2012, 10:18 AM   #824
infinite monkey
Person who doesn't update the user title
 
Join Date: Mar 2011
Posts: 13,002
Nice.
infinite monkey is offline   Reply With Quote
Old 02-06-2012, 10:24 AM   #825
Spexxvet
Makes some feel uncomfortable
 
Join Date: Dec 2005
Posts: 10,346
Quote:
Originally Posted by Undertoad View Post
My point is evident, to the critical thinkers in our presence, who apparently haven't posted yet today.
Because if someone disagrees with you, they're not just incorrect, not just wrong, not even just stupid, but actually broken.
__________________
"I'm certainly free, nay compelled, to spread the gospel of Spex. " - xoxoxoBruce
Spexxvet is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

All times are GMT -5. The time now is 09:58 AM.


Powered by: vBulletin Version 3.8.1
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.