2011-04-13, 02:46 | Link #13021 |
books-eater youkai
Join Date: Dec 2007
Location: Betweem wisdom and insanity
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Mubarak detained for investigation: Egypt TV
http://www.reuters.com/article/2011/...73B1D120110413
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2011-04-13, 08:58 | Link #13022 | |
Senior Member
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Join Date: Oct 2007
Location: Philippines
Age: 47
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2011-04-13, 12:05 | Link #13023 |
Obey the Darkly Cute ...
Author
Join Date: Dec 2005
Location: On the whole, I'd rather be in Kyoto ...
Age: 66
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Looks like anime and pop culture fans are going to "live in interesting times" for the next election cycle. Does this sound familiar? Elect me on the basis of there being a real crisis that needs addressing... o, hey, I"m elected now I'll focus on symbolic issues that had nothing to do with the reasons you voted for me
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2011-04-13, 21:18 | Link #13024 | |
NYAAAAHAAANNNNN~
Join Date: Nov 2007
Age: 35
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What chart is that? Nominal, real or "as-reported-each-year"?
The term GDP, in fact by itself, is rubbish. One has to compare it to per-capita, per person or per land size in order to get some useful result. Quote:
Though over here, our government doesn't tax investment incomes, but I have seen that there are some delibrate loopholes left inside the tax law so they can tax investment income - if they need to. It is only a matter of enforcement.
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2011-04-14, 01:24 | Link #13028 | |
Senior Member
Join Date: Aug 2008
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I absolve myself of all reasonable implications any person with an active brain can come up with. But don't worry, I'll give you a strawman to play with. Aw, don't be shy. |
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2011-04-14, 01:48 | Link #13029 | |
Asuki-tan Kairin ↓
Join Date: Feb 2004
Location: Fürth (GER)
Age: 43
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This is what makes many middle class people run to radical parties like the TeaParty. While this chart is meant to make a point for the super wealthy, it will not work for the middle class (to make a case for them), because you cannot reap more from classes below them. Still such people will most likely support your interpretation of the chart. Which is just an own goal.
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2011-04-14, 01:53 | Link #13030 | |
NYAAAAHAAANNNNN~
Join Date: Nov 2007
Age: 35
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Besides, Jinto already elaborated on one of the points why the chart doesn't mean much. If you want to start a flame war, please go elsewhere. No need for that strawman gift if you don't want to play with it anymore.
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2011-04-14, 02:27 | Link #13031 |
books-eater youkai
Join Date: Dec 2007
Location: Betweem wisdom and insanity
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Senate panel slams Goldman in scathing crisis report
http://www.reuters.com/article/2011/...73C8JR20110414
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2011-04-14, 02:31 | Link #13032 | ||
Senior Member
Join Date: Aug 2008
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What you mentioned is basically wealth-distribution. Now I don't want to talk about the moral rubbish attached to it. However, you must have collect something first and then distribute right? Right? If your fund keeps increasing every year, what the heck are you complaining about?? Talking about greed... Quote:
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2011-04-14, 02:41 | Link #13033 |
Disabled By Request
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It's perfectly relevant when you don't know where the money is allocated if you just look at the chart. Jinto isn't touching on the moral side of it, he's saying the doesn't give a clear perspective of the distribution of wealth within the population. It's quite a common criticism of the concept of GDP. Ergo, the chart doesn't tell you much.
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2011-04-14, 02:54 | Link #13034 | |
Asuki-tan Kairin ↓
Join Date: Feb 2004
Location: Fürth (GER)
Age: 43
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2011-04-14, 03:57 | Link #13036 | |
NYAAAAHAAANNNNN~
Join Date: Nov 2007
Age: 35
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You don't even know what the graph actually means. Or even the concept of economics for that matter. There is a limited amount of "current" money in this world - the rest is all either credit or inflation. Taxes is supposed to only account for current money because they are accounts receivable a.t.m, also known as cash-in-hand, but GDP takes into account credit, which is money from the future assuming that what is produced is consumed or exported. That is another reason why the chart is incredibly ridiculous to referent something that are two financially different things. Finally, 1% of $100,000 is more than 5% of $1,000, but in mathematics mean and averages will take the pool of total and divide everything equally. Do the math before you run any claims of "wealth distribution is irrelevant". Also, payrises DO NOT increase proportionately to inflation - someone getting higher pay doesn't mean he can live a much richer life if inflation goes up at the time he receives a new paycheck.
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2011-04-14, 08:06 | Link #13039 | |
NYAAAAHAAANNNNN~
Join Date: Nov 2007
Age: 35
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Though I am wondering if the CCP learnt anything from the Green Dam or Grass-mud Horse incident a few years back.
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2011-04-14, 08:24 | Link #13040 |
Obey the Darkly Cute ...
Author
Join Date: Dec 2005
Location: On the whole, I'd rather be in Kyoto ...
Age: 66
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And this is some illumination on why the looting by the robber barons of the US will continue with no recourse for the public from either political party.
http://www.nytimes.com/2011/04/14/bu...prosecute.html The peasants who defend the idea of their lords screwing them never fail to astound...
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current affairs, discussion, international |
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