[QUOTE=Back_Slash;33352186]Decades of bad practices.
If you knew anything about economics.
Shit doesn't happen till everything starts adding up.[/QUOTE]
This economy didn't collapse because of mortgages that were sold 30 years ago.
And by your explanation, Reaganonmics haven't taken effect until recently, which resulted in the economy crashing.
[editline]20th November 2011[/editline]
The discrimination laws were so they wouldn't be turning away low income families. Low income families weren't buying $500,000 houses that they couldn't afford. The banks convinced people they could afford houses they couldn't and loaned money they didn't have. The CRA didn't make them do that.
[editline]20th November 2011[/editline]
The Community Reinvestment Act was designed to encourage commercial banks and savings associations to help meet the needs of borrowers in all segments of their communities, including low- and moderate-income neighborhoods, and to reduce discriminatory credit practices against low-income neighborhoods, a practice known as redlining.
Jesus.
We would have the effect of Reaganomics if congress didn't decide to refuck the system.
Uh, they didn't. The top 2% still pay lower taxes than the middle and lower class
[editline]20th November 2011[/editline]
THIS JUST IN. RICH FUCKS AREN'T GOING TO GIVE THEIR MONEY AWAY [del]SIMPLY BECAUSE THEIR TAXES ARE LOWER[/del] EVER
Ignore the fact that the top 1% pay 60% of the nations taxes.
Even if it did work - Company hires lots of people because they have extra money, company expands, becomes more profitable, puts their competitors out of business/buys them out, everyone working for the competitor is now out of a job. Original company can't afford to take on all the competitors employees, so they're shit outta luck
That's life.
[editline]20th November 2011[/editline]
It isn't pleasant yeah.
But jesus fuck we can't give hand outs.
[QUOTE=Back_Slash;33352388]Ignore the fact that the top 1% pay 60% of the nations taxes.[/QUOTE]
That's because the separation between the richest and the middle class is enormous.
For example, people making over $18.5 million dollars a year, pay 35% taxes. Someone making $100,000-335,000 pay 39% + another $22,250.
[editline]20th November 2011[/editline]
[QUOTE=Back_Slash;33352400]That's life.
[editline]20th November 2011[/editline]
It isn't pleasant yeah.
But jesus fuck we can't give hand outs.[/QUOTE]
It's not handouts that people want. People want a system that isn't corrupted by the wealthy and screws everyone else so they get richer while everyone else gets poorer.
Again maybe you should google.
[url]http://www.american.com/archive/2007/november-december-magazine-contents/guess-who-really-pays-the-taxes[/url]
physical dollar amount, yes they pay more. But that's because 35% of 100 million dollars is a fuckton of money. Middle class citizens still pay a higher percentage. You think that's fair? Or is that their fault too?
"Gee, I'm sorry you pay a higher percentage of your income to taxes than someone who makes 20 million a year. Maybe you should be more successful."
Shut your can while I listen to this and draw.
[media]http://www.youtube.com/watch?v=OVJZAwUBrX8[/media]
you want to remove unions?
[img]http://drpinna.com/wp-content/uploads/2011/09/china-factory2.jpg[/img]
lets be more like china yes
Should prob snip that Stupideye
the US postal service could be here
[QUOTE=DarkZero135;33352579]Should prob snip that Stupideye
the US postal service could be here[/QUOTE]
oh yeah, thanks <3
[editline]20th November 2011[/editline]
[QUOTE=Back_Slash;33352400]That's life.
[editline]20th November 2011[/editline]
It isn't pleasant yeah.
But jesus fuck we can't give hand outs.[/QUOTE]
hand outs aka not forcing someone into unpayable debt due to a heart attack that they didn't ask for
The fact of the matter is, the wealth in this country is so poorly distributed. And the economy isn't going to get back on it's feet until more money is flowing through the middle and lower classes again, because no matter how rich the rich get, the middle and lower class are still what makes the economy run. The rich can't do it by themselves.
Actually, I think I'd call the wealth "misplaced"
People like actors, sports players, pop music stars, etc. all make millions upon millions of dollars a year, and yet actively contribute nothing to society other than entertainment. People care more about "Keeping up with the [del]Kardashians[/del] dumbfucks who have too much money" than they do about the government who is actively fucking them up the ass and the soldiers fighting a useless "war" so US citizens can remain as ignorant as they please.
Welcome to America: Land of the willingly ignorant.
More like land of the "WHAT ABOUT MEEEEEEEEEEEE???"
You have the chance to make money.
but did you apply yourself in school?
Did you decide to stop smoking?
Land of the opportunities no one gives a fuck about
[QUOTE=Back_Slash;33352691]More like land of the "WHAT ABOUT MEEEEEEEEEEEE???"[/QUOTE]
Yes this. Land of the people who only care about themselves and no one else
[QUOTE]You have the chance to make money.
but did you apply yourself in school?[/QUOTE]
Yes, because every single person has the exact same opportunities.
/sarcasm
Some people can't finish school because they have to get 2 or 3 jobs to support their family because their parents were laid off, killed, deathly ill, etc. Just because someone doesn't make hundreds of thousand or millions of dollars a year doesn't mean that they didn't apply themselves.
[QUOTE]Did you decide to stop smoking?[/QUOTE]
That's a pretty slanted statement to make. Saying that everyone who isn't "successful" does drugs is like saying every black man kills and steals.
[QUOTE]Land of the [B]false[/B] opportunities [B]that aren't really there[/B][/QUOTE]
[QUOTE=felix the cat;33352795]Yes this. Land of the people who only care about themselves and no one else
Yes, because every single person has the exact same opportunities.
/sarcasm
Some people can't finish school because they have to get 2 or 3 jobs to support their family because their parents were laid off, killed, deathly ill, etc. Just because someone doesn't make hundreds of thousand or millions of dollars a year doesn't mean that they didn't apply themselves.
That's a pretty slanted statement to make. Saying that everyone who isn't "successful" does drugs is like saying every black man kills and steals.[/QUOTE]
Cept the black man killing and stealing is also rhyming and being successful.
Sounds to me like your definition of "successful" is exploiting other people for personal gain.
No I'm just saying stupid stuff because you brought in stupid emotional stuff.
[QUOTE=Back_Slash;33352930]No I'm just saying stupid stuff because you brought in stupid emotional stuff.[/QUOTE]
[img]http://jazzroc.files.wordpress.com/2008/11/straw-man.jpg[/img]
hey guys what's going on in HEREOHGOD...
I'm out of job at the end of the year and need to work out a way to pay the morgage, I'm a 100% victim of outsourcing to foreign countries.
I've been saudized, litteraly I'm out here in the sticks teaching some greasy buttfucks how to do my job. While my managers get transfered onto their next project with bonuses.
Rage.
I choose to blame our economic collapse on heresy. If everyone would just worship the emperor more we'd be fine.
This has got to be the funniest thing ive ever seen in a loong time, i was literally crying wathcing these:
[video=youtube;nEXVzLr28UY]http://www.youtube.com/watch?v=nEXVzLr28UY[/video]
[video=youtube;CmQO0QaE0rs]http://www.youtube.com/watch?v=CmQO0QaE0rs[/video]
Post 4000
Related video
[video=youtube;lQlIhraqL7o]http://www.youtube.com/watch?v=lQlIhraqL7o[/video]
[editline]20th November 2011[/editline]
Worst 4000th post ever, I'll make 5000 better :v:
So this is creepy. The radio in Saints Row 3 told me to stop playing videogames all day and go out and get a girlfriend. Minutes later I get an sms from a girl asking if I want to go and watch a movie with her.
SR3 was so much fun. Such an improvement over SR2 which kept me playing for like 2 years
[QUOTE=Back_Slash;33352691]More like land of the "WHAT ABOUT MEEEEEEEEEEEE???"
You have the chance to make money.
but did you apply yourself in school?
Did you decide to stop smoking?[/QUOTE]
Ah, you must be a Conservative, because you have the childlike notion that all poor are lazy.
I'm poor and conservative.
what now.
I work at a restaurant making under minimum wage. I barely scrape by.
I'm joining the army to get out of this bumb fuck way of life.
Well have fun when the government doesn't actually give you all the benefits they promise you for serving.
It's a lot better than digging my self in to debt.
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