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1
Goran_K
2022 Apr 4, 11:10am
Goran_K
2022 Apr 4, 11:10am
Funny thing is when these commies finally get what they want (which is a highly centralized authoritarian state), they actually get more work with less pay, if any pay at all.
2
HeadSet
2022 Apr 4, 12:27pm
HeadSet
2022 Apr 4, 12:27pm
Goran_K says
True, a reversion to the old King-Priest-Slave. King can be called anything, from Pharaoh to Monarch to General Secretary.
Funny thing is when these commies finally get what they want (which is a highly centralized authoritarian state), they actually get more work with less pay, if any pay at all.
True, a reversion to the old King-Priest-Slave. King can be called anything, from Pharaoh to Monarch to General Secretary.
3
Patrick
2022 Apr 4, 12:32pm
Patrick
2022 Apr 4, 12:32pm
All wealth comes from work.
The problem is that no matter how much more efficient workers get, all of the increase in wealth flows to the owners of capital, at least since about 1970:
The problem is that no matter how much more efficient workers get, all of the increase in wealth flows to the owners of capital, at least since about 1970:
4
Misc
2022 Apr 4, 4:01pm
That chart is highly simplistic.
It does not take into account the increase in benefits paid by the employers. Health care benefits have skyrocketed in cost for most employers (health care is much better today than it was in 1970). It also is much more expensive. Other benefits are likewise excluded.
Another factor the graph does not take into account is the huge amount of debt write offs that occur today as compared to 1970.
On top of that the amount of federal taxes paid by the workers is significantly lower than it was in 1970 on a percentage basis. Hell. 47% of households paid zero or even got money for nothing from the Federal government last year.
Finally, the percentage of retirees is staggering today compared to 1970. Generally, when someone retires their income drops a lot.
When you look at the big picture things are much better than what is presented.
It does not take into account the increase in benefits paid by the employers. Health care benefits have skyrocketed in cost for most employers (health care is much better today than it was in 1970). It also is much more expensive. Other benefits are likewise excluded.
Another factor the graph does not take into account is the huge amount of debt write offs that occur today as compared to 1970.
On top of that the amount of federal taxes paid by the workers is significantly lower than it was in 1970 on a percentage basis. Hell. 47% of households paid zero or even got money for nothing from the Federal government last year.
Finally, the percentage of retirees is staggering today compared to 1970. Generally, when someone retires their income drops a lot.
When you look at the big picture things are much better than what is presented.
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