KEN-JENNINGS
I am all that is MOD!
+2,978|6850|949

i like that Jay is regurgitating a slander used by Hillary supporters as if that's an insult. It's too perfect.

Wealth inequality does matter when the rich are getting richer and the poor are getting poorer. These are direct outcomes of economic policy championed by Dems and Repubs.

It's very clear Jay lacks empathy, and that's the reason he thinks anyone who cares about improving the human condition is miserable. I should just accept that I am in a good place, and I shouldn't worry about making the world better for people in worse positions.

I'm just a miserable little twerp who wants the world to tilt a bit to favor people who don't have the same opportunities instead of hopping on the train and bidding them farewell.

Talking about economics is pointless because I understand the difference between real and nominal wage growth.

It's not misery, Jay. It's an acute understanding that I have a responsibility to my fellow humans to make the world a better place for future generations - something you should be interested in as a father.

You are a bootlicker. I'm guessing it's because you are hypnotized by the idea of being one of those awful people who exploits people for their own personal gain. You couch your selfishness with the absurd idea of being rational in your self-interest as if that's a free pass to be an asshole. But I honestly don't truly know why you are a flag bearer for such shit ideals.

How do we get the economy working for the average person? Make the economy work for the average person instead of for the top 1%. It's very basic, but people like Jay try to obfuscate with their weird little social commentary about millenials and entitlement. And when you try to offer up concrete criticism, you get dismissed with factoids and red and blue states. Frankly, it's hyperpartisan bullshit like that that leads to political gridlock.

But what do I know? Shining light on inequality is just a sign of misery for the ubermensch.
Larssen
Member
+99|2105
Jay it's a statistical fact that people have on average become poorer in the west. Young people are later to become home owners, parents, have less savings and disposable income. The exceptions are not the rule man.

I'm not sure what the purchasing power graphs look like but they're not rosy.
Jay
Bork! Bork! Bork!
+2,006|5576|London, England

SuperJail Warden wrote:

College shouldn't cost a $100,000. Small single homes shouldn't cost half a million dollars. I can't afford to own a home in my hometown due to housing inflation.
College doesn't have to cost $100k. People who paid that mostly went to private colleges out of state. State colleges are relatively cheap.

Yes, it's difficult for you to compete for housing where you live, mostly because you're competing against dual income families. Get married and you get to split your housing costs.

Last edited by Jay (2020-04-14 11:28:44)

"Ah, you miserable creatures! You who think that you are so great! You who judge humanity to be so small! You who wish to reform everything! Why don't you reform yourselves? That task would be sufficient enough."
-Frederick Bastiat
uziq
Member
+493|3670

Jay wrote:

uziq wrote:

every criticism of the system for jay comes down to some sort of personal unhappiness. very odd worldview. deeply inane, of course.

wealth inequality and Gini index matters enormously. economists from the entire spectrum will agree that it has a gigantic effect on society. you are literally beyond stupid to insist otherwise. it's been a concern in macroeconomics for decades.
Ken is old enough and successful enough that he should understand that it's all a matter of perspective. When you're 24 years old and making $40k a year, carrying $100,000 in student loan debt seems like an insurmountable problem and will color your entire world. When you're in your mid-30s and making twice that or more, it becomes an annoyance rather than a big deal. The big deal at that point is your $400,000 mortgage that dwarfs your student loan payments.

How does wealth inequality matter at all? That money is sequestered away from the rest of the economy and has next to no impact on prices. Even if you're in the 0.0001% and have literally all the money in the world, you're still not going to buy more than one xbox (ok, maybe one for every house, who cares?), so you're not impacting demand or pricing. Same for food etc. Inflation is the enemy of wage growth, not wealth inequality.
because it's the workers' labour that generates a large amount of that wealth? which then filters upwards to be wasted on multiple homes, yachts, and trust funds for seventh-generation nephews?

jesus christ jay you don't understand the very basics of economics. at least the right-wing economists who dreamed up this mad system understood that they were unshackling and deregulating wealth creation purposefully, in the somewhat naive (or cynical) belief that it would 'trickle down' again. even the most hawkish neoliberal economists understand that it's very bad to have capital flight from an economy and the majority of (untaxed) wealth sitting in the offshore accounts of 0.1% of the population.

College doesn't have to cost $100k. People who paid that mostly went to private colleges out of state. State colleges are relatively cheap.
and here we go again. 'just go to your local state or community college! a degree is a degree!'

you're like a schoolchild who has to have everything explained to him again for the very first time.

Last edited by uziq (2020-04-14 11:34:41)

KEN-JENNINGS
I am all that is MOD!
+2,978|6850|949

it's insane reading someone who is an avowed capitalist bootlicker talk about how excess capital produced by labor gets hoarded and not reintroduced in to the economy.

COVID-19 wormhole activated.
SuperJail Warden
Gone Forever
+640|3937

Jay wrote:

SuperJail Warden wrote:

College shouldn't cost a $100,000. Small single homes shouldn't cost half a million dollars. I can't afford to own a home in my hometown due to housing inflation.
College doesn't have to cost $100k. People who paid that mostly went to private colleges out of state. State colleges are relatively cheap.

Yes, it's difficult for you to compete for housing where you live, mostly because you're competing against dual income families. Get married and you get to split your housing costs.
My undergrad tuition was $56,000 (4 x 14,000), state college is not cheap. If I dormed it would have been in the hundreds of thousands.

Last edited by SuperJail Warden (2020-04-14 11:35:12)

https://i.imgur.com/xsoGn9X.jpg
Jay
Bork! Bork! Bork!
+2,006|5576|London, England

Larssen wrote:

Jay it's a statistical fact that people have on average become poorer in the west. Young people are later to become home owners, parents, have less savings and disposable income. The exceptions are not the rule man.

I'm not sure what the purchasing power graphs look like but they're not rosy.
Yes, and that is mostly because they are later to marry. Getting married nearly halves your expenses. It also doesn't help that expectations changed for living arrangements as well. Young people want to live in city centers. City centers are expensive. Gigantic percentages of income get spent on rent and eating out. $2000 a month to live in Brooklyn with 2 roommates when you're making $60k? That's over 1/3 of your pre-tax income! How does that make sense?

But people who are more frugal, live in less trendy areas, get married at a reasonable age instead of "when everything is perfect" tend to do pretty well.
"Ah, you miserable creatures! You who think that you are so great! You who judge humanity to be so small! You who wish to reform everything! Why don't you reform yourselves? That task would be sufficient enough."
-Frederick Bastiat
Jay
Bork! Bork! Bork!
+2,006|5576|London, England

SuperJail Warden wrote:

Jay wrote:

SuperJail Warden wrote:

College shouldn't cost a $100,000. Small single homes shouldn't cost half a million dollars. I can't afford to own a home in my hometown due to housing inflation.
College doesn't have to cost $100k. People who paid that mostly went to private colleges out of state. State colleges are relatively cheap.

Yes, it's difficult for you to compete for housing where you live, mostly because you're competing against dual income families. Get married and you get to split your housing costs.
My undergrad tuition was $56,000 (4 x 14,000), state college is not cheap. If I dormed it would have been in the hundreds of thousands.
Mine was free, but tuition was $13k/yr, room and board included, at SUNY when I went.
"Ah, you miserable creatures! You who think that you are so great! You who judge humanity to be so small! You who wish to reform everything! Why don't you reform yourselves? That task would be sufficient enough."
-Frederick Bastiat
Jay
Bork! Bork! Bork!
+2,006|5576|London, England

KEN-JENNINGS wrote:

it's insane reading someone who is an avowed capitalist bootlicker talk about how excess capital produced by labor gets hoarded and not reintroduced in to the economy.

COVID-19 wormhole activated.
excess capital
"Ah, you miserable creatures! You who think that you are so great! You who judge humanity to be so small! You who wish to reform everything! Why don't you reform yourselves? That task would be sufficient enough."
-Frederick Bastiat
uziq
Member
+493|3670
you went to a piece of shit college, and it shows. ffs
Jay
Bork! Bork! Bork!
+2,006|5576|London, England

uziq wrote:

you went to a piece of shit college, and it shows. ffs
I bet my income is triple yours.
"Ah, you miserable creatures! You who think that you are so great! You who judge humanity to be so small! You who wish to reform everything! Why don't you reform yourselves? That task would be sufficient enough."
-Frederick Bastiat
uziq
Member
+493|3670
you can keep your income and your clapboard house in the pine barrens, you are a fucking ignoramus and daily frustrate every intelligent person you meet.

the ironic thing is that i am set to benefit immensely more from inequality in society than you are, dumkopf. you are always shilling for the winning side to which you don't belong.

Last edited by uziq (2020-04-14 11:40:10)

KEN-JENNINGS
I am all that is MOD!
+2,978|6850|949

jay: haha those dumb millenials comparing their income to their parents
also jay: compares his income at ~40 to a ~30 year old.


Welcome to the ride. Keep all hands and feet inside the cart at all times!
RTHKI
mmmf mmmf mmmf
+1,741|6955|Oxferd Ohire

Jay wrote:

SuperJail Warden wrote:

Jay wrote:

College doesn't have to cost $100k. People who paid that mostly went to private colleges out of state. State colleges are relatively cheap.

Yes, it's difficult for you to compete for housing where you live, mostly because you're competing against dual income families. Get married and you get to split your housing costs.
My undergrad tuition was $56,000 (4 x 14,000), state college is not cheap. If I dormed it would have been in the hundreds of thousands.
Mine was free, but tuition was $13k/yr, room and board included, at SUNY when I went.
room and board alone around here is 13k a year.. 11k per year for tuition at the cheapest good college.
https://i.imgur.com/tMvdWFG.png
Jay
Bork! Bork! Bork!
+2,006|5576|London, England

KEN-JENNINGS wrote:

jay: haha those dumb millenials comparing their income to their parents
also jay: compares his income at ~40 to a ~30 year old.


Welcome to the ride. Keep all hands and feet inside the cart at all times!
But shouldn't he only expect his 2% cost of living wage increases for the next ten years? That's what everyone gets, right? No one ever has big jumps in salary, ever.
"Ah, you miserable creatures! You who think that you are so great! You who judge humanity to be so small! You who wish to reform everything! Why don't you reform yourselves? That task would be sufficient enough."
-Frederick Bastiat
uziq
Member
+493|3670
jay literally cannot read a graph.
Jay
Bork! Bork! Bork!
+2,006|5576|London, England
Looks like SUNY now costs 13.7k to live on campus, yikes! Oh, that's per year. About the same as when I went.

Last edited by Jay (2020-04-14 11:46:31)

"Ah, you miserable creatures! You who think that you are so great! You who judge humanity to be so small! You who wish to reform everything! Why don't you reform yourselves? That task would be sufficient enough."
-Frederick Bastiat
Larssen
Member
+99|2105

Jay wrote:

Larssen wrote:

Jay it's a statistical fact that people have on average become poorer in the west. Young people are later to become home owners, parents, have less savings and disposable income. The exceptions are not the rule man.

I'm not sure what the purchasing power graphs look like but they're not rosy.
Yes, and that is mostly because they are later to marry. Getting married nearly halves your expenses. It also doesn't help that expectations changed for living arrangements as well. Young people want to live in city centers. City centers are expensive. Gigantic percentages of income get spent on rent and eating out. $2000 a month to live in Brooklyn with 2 roommates when you're making $60k? That's over 1/3 of your pre-tax income! How does that make sense?

But people who are more frugal, live in less trendy areas, get married at a reasonable age instead of "when everything is perfect" tend to do pretty well.
There's a reason why people all over the world move to urban centres. It's not because of trendiness, but availability of opportunity and services.
uziq
Member
+493|3670
millenials have to pay a lot for college. college-graduate jobs are located in metropolitan areas. fresh college graduates often have to intern for free in many careers, or work punishingly long hours to get a foot in the door. you're making out like these people are all living in wiliamsburg so that they can party 4 times a week, upset their job writing 500/words a week for VICE magazine doesn't pay $120,000. i.e. you are living inside some tabloid fever-dream echo chamber and have no clue what you are talking about.

'just do what i did guys! college was free! you've only got to mutilate school-children in a dust bowl for two tours! then you get SUNY on your resume for life! do you know how many people have been impressed by that? i married a multi-national CEO!'
SuperJail Warden
Gone Forever
+640|3937

RTHKI wrote:

Jay wrote:

SuperJail Warden wrote:


My undergrad tuition was $56,000 (4 x 14,000), state college is not cheap. If I dormed it would have been in the hundreds of thousands.
Mine was free, but tuition was $13k/yr, room and board included, at SUNY when I went.
room and board alone around here is 13k a year.. 11k per year for tuition at the cheapest good college.
So about $100,000 for 4 years of what was once the typical middle class college experience of dorming at the local state school.
https://i.imgur.com/xsoGn9X.jpg
RTHKI
mmmf mmmf mmmf
+1,741|6955|Oxferd Ohire

SuperJail Warden wrote:

RTHKI wrote:

Jay wrote:

Mine was free, but tuition was $13k/yr, room and board included, at SUNY when I went.
room and board alone around here is 13k a year.. 11k per year for tuition at the cheapest good college.
So about $100,000 for 4 years of what was once the typical middle class college experience of dorming at the local state school.
Yea, and up to 200k for private which seems a lot higher than when I went but they hand out tons of scholarships so it's not awful if you got halfway decent grades in high school.

Looks it up and wow tuition went up 33% in 10 years.

Last edited by RTHKI (2020-04-14 11:52:08)

https://i.imgur.com/tMvdWFG.png
Jay
Bork! Bork! Bork!
+2,006|5576|London, England

Larssen wrote:

Jay wrote:

Larssen wrote:

Jay it's a statistical fact that people have on average become poorer in the west. Young people are later to become home owners, parents, have less savings and disposable income. The exceptions are not the rule man.

I'm not sure what the purchasing power graphs look like but they're not rosy.
Yes, and that is mostly because they are later to marry. Getting married nearly halves your expenses. It also doesn't help that expectations changed for living arrangements as well. Young people want to live in city centers. City centers are expensive. Gigantic percentages of income get spent on rent and eating out. $2000 a month to live in Brooklyn with 2 roommates when you're making $60k? That's over 1/3 of your pre-tax income! How does that make sense?

But people who are more frugal, live in less trendy areas, get married at a reasonable age instead of "when everything is perfect" tend to do pretty well.
There's a reason why people all over the world move to urban centres. It's not because of trendiness, but availability of opportunity and services.
I lived in a less expensive part of NYC with my wife before we had kids. $1,500/month for a two bedroom apartment and a 25 minute door-to-door commute to Manhattan. There are always options that don't involve living in the most expensive/popular areas. In my experience, the biggest whiners are the ones that are making peanuts and trying to live in those areas.
"Ah, you miserable creatures! You who think that you are so great! You who judge humanity to be so small! You who wish to reform everything! Why don't you reform yourselves? That task would be sufficient enough."
-Frederick Bastiat
Larssen
Member
+99|2105
In the fog of war McNamara said his tuition was 80$ at berkeley & harvard, times have changed.
KEN-JENNINGS
I am all that is MOD!
+2,978|6850|949

Jay wrote:

KEN-JENNINGS wrote:

jay: haha those dumb millenials comparing their income to their parents
also jay: compares his income at ~40 to a ~30 year old.


Welcome to the ride. Keep all hands and feet inside the cart at all times!
But shouldn't he only expect his 2% cost of living wage increases for the next ten years? That's what everyone gets, right? No one ever has big jumps in salary, ever.
Can you acknowledge how stupid your comment was about millenials expecting to start at the same income as their parents' ended at, since you used the same argument against Uzi less than an hour later?


Not sure what you are talking about regarding big jumps in salary, but i'm almost certain it's due to a misreading or misunderstanding of something i've said.
RTHKI
mmmf mmmf mmmf
+1,741|6955|Oxferd Ohire
I thought his salary comment was sarcasm.
https://i.imgur.com/tMvdWFG.png

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