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How the Elites Built America's Economic Wall

By freak80 following x   2012 Jul 20, 1:06am 18,157 views   60 comments   watch   nsfw   quote     share    


"Over the past 30 years, the convergence [of incomes] has largely stopped. Incomes in the poorer states are no longer catching up to incomes in rich states...In a new working paper, Shoag and Peter Ganong, a doctoral student in economics at Harvard, offer an explanation: The key to convergence was never just mobile capital. It was also mobile labor. But the promise of a better life that once drew people of all backgrounds to rich places such as New York and California now applies only to an educated elite -- because rich places have made housing prohibitively expensive."

http://www.bloomberg.com/news/2012-07-19/how-the-elites-built-america-s-economic-wall.html

#housing

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21   The Original Bankster   ignore (2)   2012 Jul 22, 12:26pm   ↑ like (0)   ↓ dislike (1)   quote   flag        

Californians have, as group, chose to ignore all the problems around them- many of which they were causing while they basked in their own sense of self-superiority. There's a sublime justice in this world, and California will get a big helping of it. All the signs were there for you and you did not heed them. Hang on tight this ride is going to be a wild one.

22   The Original Bankster   ignore (2)   2012 Jul 22, 12:28pm   ↑ like (0)   ↓ dislike (1)   quote   flag        

wthrfrk80 says

"Liberals" claim to stand for equality, opportunity, and "helping the poor", and yet low income folks are totally screwed by the lack of affordable housing in those cities. Environmentalism is used as a cover to prevent new housing from being built, protecting the property values of the "landed elite."

that's only the beginning. Look at how they view foreign policy. Look at their sheer hypocrisy regarding Israel. Liberalism is simply the tool of what is left of imperialism. It's the 'babylon system' we've been warned about.

23   The Original Bankster   ignore (2)   2012 Jul 22, 12:37pm   ↑ like (0)   ↓ dislike (1)   quote   flag        

illegal aliens? unsustainable debt? exploitation of all kinds? no problemo... lets just keep making money, making startups, making movies, more bullshit, more lies, more more more CALIFORNIA!!!!!! ITS AWESOME!!!! ITS THE GREATEST FUCKING PLACE ON EARTH!!!!!

WE ARE CALIFORNIA, OUR SOCIETY IS BROKE, ON DRUGS, AND OUR FAMILIES ARE COMPLETELY DYSFUNCTIONAL... BUT YOU MUST ACCEPT OUR VALUES AS ABSOLUTE TRUTH.

24   Dan8267   ignore (3)   2012 Jul 22, 1:15pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

Ruki says

Should doctors be paid as the median nurse makes in the same hospital? Hell no.

Once again, you miss the point. Capital is not talent. Nor is management production. I did not say that any producer should take home more than what he or she produced. I'm saying that the wealth non-producers, who are at best overhead, should take home is limited to what the mean producer takes home.

Try thinking about what this means, then reply.

25   Peter P   ignore (0)   2012 Jul 22, 1:38pm   ↑ like (2)   ↓ dislike (0)   quote   flag        

wthrfrk80 says

By "liberal" I simply mean those who are part of the "progressive" movement. They see humans as basically good, with history moving inevitably toward a better and better future (if they could only get those knuckle-dragging conservatives and religious people out of the way).

That is a fair description. I am definitely not a liberal because I think humanity will inevitably drive itself to destruction.

26   freak80   ignore (4)   2012 Jul 22, 2:05pm   ↑ like (2)   ↓ dislike (0)   quote   flag        

Peter P says

I think humanity will inevitably drive itself to destruction.

So do I.

27   freak80   ignore (4)   2012 Jul 22, 2:11pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

The Original Bankster says

Liberalism is simply the tool of what is left of imperialism. It's the 'babylon system' we've been warned about.

What?

That's a little extreme don't you think?

28   The Original Bankster   ignore (2)   2012 Jul 23, 12:43pm   ↑ like (0)   ↓ dislike (1)   quote   flag        

wthrfrk80 says

The Original Bankster says

Liberalism is simply the tool of what is left of imperialism. It's the 'babylon system' we've been warned about.

What?

That's a little extreme don't you think?

no.

California has SLAVERY, WIDESPREAD DRUG USE, SEXUAL DEBAUCHERY, BROKEN FAMILY, POLITICAL CORRUPTION, IRREPARABLY DAMAGED FINANCES... sounds a hell of a lot like every failed empire in history.

but Californians insist their system is better because they allow gay marriage and they're sad when something bad happens to an Arab.

29   The Original Bankster   ignore (2)   2012 Jul 23, 1:37pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

have you ever thought about what the social effects of leverage are?

everyone in California is so debt strapped they can't take any social risks... they MUST bring in that paycheck. They can't lose that job. It's just like Nazi Germany- everyone must conform or face a serious penalty(perhaps death).

It's dangerous when you have a whole society deeply in debt AND living frivolously. California is the worst thing that's ever happened to humanity.

30   The Original Bankster   ignore (2)   2012 Jul 23, 1:58pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Wealth is about financial stability, and leverage offers you none of that. It's the ILLUSION of wealth that it provides. It gives the illusion that wealth is distributed in society when in reality: CALIFORNIA IS THE MOST UNEQUAL PLACE ON EARTH. Californicators are starting to catch on.

31   New Renter   ignore (11)   2012 Jul 23, 2:39pm   ↑ like (2)   ↓ dislike (0)   quote   flag        

The Original Bankster says

Wealth is about financial stability, and leverage offers you none of that. It's the ILLUSION of wealth that it provides. It gives the illusion that wealth is distributed in society when in reality: CALIFORNIA IS THE MOST UNEQUAL PLACE ON EARTH. Californicators are starting to catch on.

The San Francisco Treat

The Original Bankster says

have you ever thought about what the social effects of leverage are?

everyone in California is so debt strapped they can't take any social risks... they MUST bring in that paycheck. They can't lose that job. It's just like Nazi Germany- everyone must conform or face a serious penalty(perhaps death).

It's dangerous when you have a whole society deeply in debt AND living frivolously. California is the worst thing that's ever happened to humanity.

The San Francisco Treat

Dude, I think that Phoenix summer heat has gone to your head. Follow your bretheren to San Diego and enjoy what we in California have to offer.

32   The Original Bankster   ignore (2)   2012 Jul 23, 2:43pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

New renter says

Dude, I think that Phoenix summer heat has gone to your head. Follow your bretheren to San Diego and enjoy what we in California have to offer.

http://www.zombietime.com/hall_of_shame/

33   The Original Bankster   ignore (2)   2012 Jul 23, 2:45pm   ↑ like (0)   ↓ dislike (2)   quote   flag        

http://usnews.msnbc.msn.com/_news/2012/01/28/10260959-oakland-assesses-city-hall-damage-after-occupy-break-in

you Californians are going to go surfing while your state burns.

stupid asses.

I THINK ALL THE PROZAC HAS GOTTEN TO YOU BRO.

34   freak80   ignore (4)   2012 Jul 23, 4:03pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

The Original Bankster says

you Californians are going to go surfing while your state burns.

Another far-right troll going on ignore...

35   The Original Bankster   ignore (2)   2012 Jul 23, 4:05pm   ↑ like (0)   ↓ dislike (3)   quote   flag        

wthrfrk80 says

The Original Bankster says

you Californians are going to go surfing while your state burns.

Another far-right troll going on ignore...

another far-liberal nutjob ignoring everything around him.

36   tts   ignore (0)   2012 Jul 23, 11:15pm   ↑ like (2)   ↓ dislike (0)   quote   flag        

The Original Bankster says

They can't lose that job.

This is true of everyone who isn't rich right now in the US.

CA's legislature is clearly defective but it has nothing to do with being too far left or right, just good old fashioned corruption and stupidity.

Also your posts are becoming so over the top rhetorical I'm starting to wonder if you're really a troll trying to make use of Poe's Law to discredit the view point (left politics baaaaad) you keep espousing.

https://en.wikipedia.org/wiki/Poe%27s_law

37   HonkpilledMaster   ignore (5)   2012 Jul 24, 1:10am   ↑ like (0)   ↓ dislike (0)   quote   flag        

All in all banksters were all just bricks in the Wall.

38   freak80   ignore (4)   2012 Jul 24, 1:25am   ↑ like (2)   ↓ dislike (0)   quote   flag        

Hey...teacher...leave those kids alone...

(interesting tidbit: those kids (now adults) actually sued Pink Floyd for lost "royalties" they felt they were owed)

http://news.bbc.co.uk/2/hi/entertainment/4047533.stm

39   New Renter   ignore (11)   2012 Jul 24, 4:12am   ↑ like (1)   ↓ dislike (0)   quote   flag        

You'll fit right in. Come, live oThe Original Bankster says

you Californians are going to go surfing while your state burns.

stupid asses.

I THINK ALL THE PROZAC HAS GOTTEN TO YOU BRO.

While our state burns? It's 65F and projected to get as high as 79F today. How about in Phoenix where you are?

Given your liberal use of all caps I think its you who can use the Prozac. Don't worry of its too expensive for you in the US, just go cross the border and get it in bulk cheap in Mexico.

40   The Original Bankster   ignore (2)   2012 Jul 24, 10:55am   ↑ like (0)   ↓ dislike (1)   quote   flag        

Sure is funny to watch you guys defending Californian politics while you faithfully wait for houses to become affordable.

guess what morons: HOUSING WILL NEVER BE AFFORDABLE.

The whole Liberal mindset is about locking out most people from the 'freedom' Liberalism promises. Maybe some day you'll realize that, but it's not likely.

41   freak80   ignore (4)   2012 Jul 24, 11:03am   ↑ like (0)   ↓ dislike (0)   quote   flag        

New renter says

While our state burns? It's 65F and projected to get as high as 79F today. How about in Phoenix where you are?

Yeah but Phoenix is a desert for 12 months of the year, whereas California is a desert for only 6-8 months of the year. So there's more vegetation to burn in CA. Sand doesn't catch fire too well.

42   Dan8267   ignore (3)   2012 Jul 24, 11:12am   ↑ like (1)   ↓ dislike (0)   quote   flag        

thunderlips11 says

All in all banksters were all just bricks in the Wall.

Or better yet, dust in the wind...

43   The Original Bankster   ignore (2)   2012 Jul 24, 12:53pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

wthrfrk80 says

Yeah but Phoenix is a desert for 12 months of the year, whereas California is a desert for only 6-8 months of the year. So there's more vegetation to burn in CA. Sand doesn't catch fire too well.

prophets always emerge from the desert.

http://en.wikipedia.org/wiki/Barry_Goldwater

44   New Renter   ignore (11)   2012 Jul 24, 2:42pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

wthrfrk80 says

New renter says

While our state burns? It's 65F and projected to get as high as 79F today. How about in Phoenix where you are?

Yeah but Phoenix is a desert for 12 months of the year, whereas California is a desert for only 6-8 months of the year. So there's more vegetation to burn in CA. Sand doesn't catch fire too well.

No argument there, I lived through the big SD fires in 2003. fire to the south, fire to the east, fire to the north, ocean to the west. The sky was red, the sun obscured, the air heavy with ash.

Still beats Phoenix in the summer though.

45   New Renter   ignore (11)   2012 Jul 24, 2:44pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

The Original Bankster says

wthrfrk80 says

Yeah but Phoenix is a desert for 12 months of the year, whereas California is a desert for only 6-8 months of the year. So there's more vegetation to burn in CA. Sand doesn't catch fire too well.

prophets always emerge from the desert.

http://en.wikipedia.org/wiki/Barry_Goldwater

The San Francisco Treat

As do illegal aliens.

46   freak80   ignore (4)   2012 Jul 24, 2:49pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

New renter says

Still beats Phoenix in the summer though.

Yeah I don't know how anyone can stand that. Even with AC. Who's idea was it to build a big city in the middle of a desert anyway?? Is there some special natural resource there?

47   The Original Bankster   ignore (2)   2012 Jul 24, 3:21pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

wthrfrk80 says

Yeah I don't know how anyone can stand that. Even with AC. Who's idea was it to build a big city in the middle of a desert anyway?? Is there some special natural resource there?

Idealism.

It was a abandoned native settlement when the Americans arrived. After that it was a set of irrigation canals made by regular pionner types. They farmed the irrigation canals and lived a sometimes difficult, but generally comfortable life away from all the problems of the civil war, slavery, etc. It wasn't until the 80s rolled around when the Illegal Aliens started arriving in droves and this nice little city, where Frank Lloyd Wright lived for some time, started turning into a shithole similar to California.

The heat always acted as a deterrent and honestly the Phoenicians liked it that way. Hot summer, nice people instead of Nice Weather and shit-for-brains people in California. Just like today.

Interestingly the native culture that was here was nothing like the Aztecs. They had no ziggaurats for sacrifices, and all we found were a set of simply made canals for agricultural irrigation. Archeologists think they were mainly those who political enemies who escaped the violence of the Aztec empire.

48   New Renter   ignore (11)   2012 Jul 24, 3:44pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

The Original Bankster says

The heat always acted as a deterrent and honestly the Phoenicians liked it that way. Hot summer, nice people instead of Nice Weather and shit-for-brains people in California. Just like today.

To be fair AZ does have its share of kooks too:

http://gosw.about.com/od/sedonaarizona/a/sedonavortex.htm

I have to day I do like Flagstaff even it it is a bit too low key.

49   The Original Bankster   ignore (2)   2012 Jul 24, 3:47pm   ↑ like (0)   ↓ dislike (1)   quote   flag        

Flagstaff is the capitol of 'White' Arizona. The north of Arizona is similar to Colorado both socially and environmentally. Sedona is a bunch of nutballs, we generally ignore them, they are hippies from California who took too much acid.

there are three major cities in AZ:

Flagstaff: Capitol of White Libertarian Arizona

Tucson: Liberal Capitol infested with Mexican illegals

Phoenix: Capitol and centerpoint of the State. Illegal are here but there are major tensions about their presence(Sheriff Joe).

50   FunTime   ignore (0)   2012 Jul 25, 7:29am   ↑ like (0)   ↓ dislike (0)   quote   flag        

Peter P says

That is a fair description. I am definitely not a liberal because I think humanity will inevitably drive itself to destruction.

http://stevenpinker.com/publications/better-angels-our-nature

51   freak80   ignore (4)   2012 Jul 25, 7:46am   ↑ like (0)   ↓ dislike (0)   quote   flag        

FunTime,

I'm not sure where Pinker gets his numbers. The 20th century was one of the bloodiest in history. True, we haven't seen another war as bad as WW2, but how much of that is because of the fear of "mutually assured destruction" in nuclear war?

Greed and Fear still drive everything.

52   FunTime   ignore (0)   2012 Jul 25, 9:30am   ↑ like (0)   ↓ dislike (0)   quote   flag        

I think you'll find him trying really hard to stick to scientific method for his number selection, if that's compelling to you. I've not read the book yet and only heard him interviewed on NPR, so I can't attest to the job he's done. Here's an answer from his website though.

http://stevenpinker.com/pages/frequently-asked-questions-about-better-angels-our-nature-why-violence-has-declined

Skeptical Questions about Whether Violence Has Really Declined

Wasn’t the 20th century the most violent in history?

Probably not; see chapter 5, especially pp. 189–200. Historical data from past centuries are far less complete, but the existing estimates of death tolls, when calculated as a proportion of the world’s population at the time, show at least nine atrocities before the 20th century (that we know of) which may have been worse than World War II. They arose from collapsing empires, horse tribe invasions, the slave trade, and the annihilation of native peoples, with wars of religion close behind. World War I doesn’t even make the top ten.

Also, a century comprises a hundred years, not just fifty, and the second half of the 20th century was host to a Long Peace (chapter 5) and a New Peace (chapter 6) with unusually low rates of death in warfare.

53   freak80   ignore (4)   2012 Jul 25, 11:20am   ↑ like (0)   ↓ dislike (0)   quote   flag        

True, I forgot about the Mongols...those crazy b*stards.

In the future it'll be resource wars rather that religious wars. The Iraq war was only the beginning.

54   New Renter   ignore (11)   2012 Jul 26, 1:25am   ↑ like (0)   ↓ dislike (0)   quote   flag        

The Original Bankster says

California has SLAVERY, WIDESPREAD DRUG USE, SEXUAL DEBAUCHERY, BROKEN FAMILY, POLITICAL CORRUPTION, IRREPARABLY DAMAGED FINANCES... sounds a hell of a lot like every failed empire in history.

but Californians insist their system is better because they allow gay marriage and they're sad when something bad happens to an Arab.

Here's another one for you Bankster.

/?p=1214683

She's not a Californian - yet. I'm sure she'll be put on a bus with a one-way ticket to Simi Valley whereupon her recent audition for California residency will be recreated for the home video market. I'm sure it will sell very well in Phoenix

55   FunTime   ignore (0)   2012 Jul 26, 2:55am   ↑ like (0)   ↓ dislike (0)   quote   flag        

freak80 says

but how much of that is because of the fear of "mutually assured destruction" in nuclear war?

http://stevenpinker.com/pages/frequently-asked-questions-about-better-angels-our-nature-why-violence-has-declined

As long as nuclear weapons exist, one cannot say that we are living in less-violent times, especially since it is inevitable that they will be used at some time in the future.

There is no answer to the question of how to compare the decline in actual deaths from dozens of high-probability categories (homicide, war, domestic abuse, and so on) with the increase in hypothetical deaths from one low-probability category – it is, as they say, a philosophical question. But it’s far from certain that nuclear weapons will ever be used again. The 67-year history of nonuse suggests that, contrary to predictions that blundering politicians and trigger-happy generals have always been on the verge of unleashing nuclear weapons, the likelihood of their being used is probably very small. Of course, even an event with an extremely low odds, when the probability is exponentiated over enough years, becomes extremely probable, but that curve has to be set off against the one representing the probability that the Global Zero project will succeed and that nuclear weapons will go the way of chemical weapons, human sacrifice, and slave auctions – also a low-probability event, but one which has a nonzero chance of happening in this century.

56   mell   ignore (2)   2012 Jul 28, 8:23am   ↑ like (0)   ↓ dislike (0)   quote   flag        

The Original Bankster says

wthrfrk80 says

The Original Bankster says

Liberalism is simply the tool of what is left of imperialism. It's the 'babylon system' we've been warned about.

What?

That's a little extreme don't you think?

no.

California has SLAVERY, WIDESPREAD DRUG USE, SEXUAL DEBAUCHERY, BROKEN FAMILY, POLITICAL CORRUPTION, IRREPARABLY DAMAGED FINANCES... sounds a hell of a lot like every failed empire in history.

but Californians insist their system is better because they allow gay marriage and they're sad when something bad happens to an Arab.

The San Francisco Treat

WTF has sexual debauchery to do with this? You mean people are actually open about their sexuality instead of taking a hike in the Appalachian mountains? Social liberalism is not the issue, in fact it is an asset, it's crony capitalism and financial liberalism (or better laissez-faire) that is wreaking havoc.

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