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Income chasm widens in San Diego
But you ought to accurately detail the specific reasons(facts not editorial, hyperbole, or cliche) why the incomes of the richest grew more than the lower quintiles, and not leave it to the reader to discern. Furthermore, it would be remiss if one did not factor in the effects of the Fed, the debasement of the dollar, the inflation of commodities, failed governmental subsidies and programs(this has huge effects on income...eg: corn/ethanol market 2007-9) the effects of taxation, government distortion of the credit markets, and other non free-market effects on income. I would be glad to offer facts, but am totally done with debating flamboyant posters with Napoleonic complexes who post ~6000 posts of hot air in ~1000 days. I suspect that an enlightening exchange of ideas can be shared on this forum, but only if there is mutual respect and an aura of geniality.— October 26, 2011 5:36 p.m.
San Diegans on bringing in the feds
Can you quantify that Wall Street was less dirty than today, or is that anecdote? Remember, there were quite a number of major scandals back then from Robert Vesco to Equity Funding and on and on. And your contention that Wall Street wasn't a gambling casino back then.....Is it your contention that it was less risky to invest in the market in 1970 than today? Or are you saying that execution costs are higher? Has the bid/ask widened since then? Are commissions higher today? Are you saying that you can't raise capital, borrow money, hedge risk etc anymore? That's what it sounds like to me. If you don't know your broker, or the other side of your trade, are you getting cheated every time? If you have a profit in your position, are you still being cheated?— October 26, 2011 4:04 a.m.
San Diegans on bringing in the feds
Can you imagine a society without the ability to raise capital, borrow money, sell stock, hedge risk, buy and sell currencies, sell crops, buy crops, finance government? Why are the speculators and Wall Street beaten up when the market languishes? I wonder if you would be beating up on Wall Street if the S&P was at 2500? Actually you all would probably be beating up the street because you missed the move and wanted the government to do something to equalize this to give you a fair chance.— October 25, 2011 6:08 p.m.
San Diegans on bringing in the feds
But while percentages have gone down, the total dollar amount has gone up, and the dollar amount/unit time, even accounting for inflation and population increase. I'm glad the manufacturing % has gone down, as that shows that the economy is dynamic. Manufacturing is cheap compared to 30-40 years ago and perhaps it's better that some of it is outsourced.— October 25, 2011 2:20 p.m.
San Diego unions push transaction tax
@Fred, I saw that flawed article and read it with detached amusement. If you want to think I'm lucky, then so be it. I have noticed that the harder I work, the luckier I seem to get, and these 90 hour work weeks seem to correlate with my increase in luck. I assume that you would contend that a successful poker player or horse player is just a matter of luck? It's easy to ascribe luck to people who succeed in the markets when you're sitting in the peanut gallery bitching about why your 401-K lost money.— October 25, 2011 4:24 a.m.
San Diegans on bringing in the feds
And as a lawyer, you are also parasitic in nature, and around here, all you produce is hot air and cut and paste jobs. Over 6000 posts...you ought to get a life.— October 24, 2011 4:51 p.m.
San Diegans on bringing in the feds
And yet we see more evidence of the US producing more here than ever, http://www.bls.gov/news.release/prod4.t01.htm, here, http://www.aier.org/research/briefs/206-the-decli…, here,http://online.wsj.com/article/SB100014240527…, here, http://www.gan-or.com/1/post/2011/3/is-us-manufac…, here, http://articles.chicagotribune.com/2011-06-04/bus… and about a million other places.— October 24, 2011 11:45 a.m.
San Diegans on bringing in the feds
If we've given away our manufacturing base, then why do we produce more manufactured goods than ever? https://www.uschina.org/public/documents/2006/09/…— October 24, 2011 9:25 a.m.
San Diegans on bringing in the feds
But...while everyone is all for consumption, they are wrong, as the true road to riches for a society is in increasing production ie:the more you produce, the richer you are:)— October 23, 2011 4:47 a.m.
San Diegans on bringing in the feds
I can leap over short ones.— October 21, 2011 5:24 a.m.