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Sunday, June 22, 2014

A Webster, Texas, man said his apartment complex manager told him the U.S. flag he was displaying on his balcony must be taken down because it was a "threat to the Muslim community." Duy Tran is defying the order. "It means a lot to me," he said of the flag, which he proudly put up when he moved in a few days earlier. An apartment manager at the Lodge on El Dorado quickly told him he had to take it down. "I'm gonna leave my flag there, as an American, until she shows me proof that I don't have the right to leave my flag there," he said. read more


Friday, May 09, 2014

During a speech in Rome Friday to U.N. Secretary-General Ban Ki-moon and other U.N. leaders, Pope Francis called for governments to redistribute wealth to the poor to curb the "economy of exclusion" that is taking hold today. More equal economic progress can be had through "the legitimate redistribution of economic benefits by the state, as well as indispensable cooperation between the private sector and civil society," Francis said. read more


Singer Bob Geldof believes that the root of the terror in Nigeria stems from poverty and discontent.

"Boka Haram is an excrescence of poverty, as famine is, as hunger is, as corruption is, as war is, as lack of education and health is," he said.

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Sunday, April 27, 2014

There is vastly more income inequality among the top 1% than there is in the bottom 99%. Once all the facts are known, even the most crocodilian among us will be forced to shed a tear for those more fortunate.

An entry ticket to the 1% starts with an annual income of about $394,000 (says Berkeley's Emmanuel Saez) or about $1.5 million in liquid assets (my zestimate). Post-tax and retirement savings, that's about $220,000 a year while they are working.


Comments

"Resentment of the ultra-rich should be expected in a land where people are hungry, schools are poor and politicians serve as toadies of the wealthy..."

Except that people aren't hungry, and that's not what we're talking about here. This is more like the belief that the man living on the top floor of the Waldorf Astoria has a moral debt to the man living on the bottom floor. This is really an argument that there is such thing as too rich; and argument that could be leveraged to make legal claim to the wealth of those who were too rich.

"It's hard to believe certain people can be so ignorant of simple economics."

I agree completely. I've always maintained that the cure for progressivism is an economics class. I've taken many, so I've built up some immunity to that level of ignorance. Others have yet to find their way.

#16

You're just waiting for the day when you can legally spend someone else's money to buy that new TV or go on a cruise, aren't you. And you don't have to look very hard to find someone who will tell you that YOU deserve that cruise, or that TV, or that iphone 5; and that you would have those things, if it weren't for that rich guy who is holding on to wealth that you deserve.

Throughout history it has always comes down to that and the pigs on your side of the court always lose.

Here's the rub. You may not like the rich, but you ------- need them. Because you're not a wealth producer. Not like them. You want that new TV, or that cruise, or that iphone, you're going to need them to keep making money so you can spending it.

I don't know if you can grasp this, but it the top 10% or 1%, or whomever just up and disappeared, the other 90% aren't going to increase their wealth generating capability by one. single. bit. But that would have to pay their own taxes, which are a lot.

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