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Attention Marxists: Labor's Share Of National Income Drops To Lowest In History

Tyler Durden's picture




 

Probably the most imprtant secular trend in recent employment data, one that has a far greater impact on the macroeconomic themes than Birth/Death and seasonal adjustment manipulated month to month shifts in the employment pool per either the household or establishment surveys, is the labor share of national income. In a 2004 paper from the St. Louis Fed, the authors make the following statement: "The allocation of national income between workers and the owners of capital is considered one of the more remarkably stable relationships in the  U.S. economy. As a general rule of thumb, economists often cite labor’s share of income to be about two-thirds of national income—although the exact figure is sensitive to the specific data used to calculate the ratio. Over time, this ratio has shown no clear tendency to rise or fall." It would be wonderful if this was true, and thus if the US population really had a stable distribution of income between laborers and capital owners. Alas it is dead wrong. In fact, as the latest note from David Rosenberg points out, the "labor share of national income has fallen to its lower level in modern history - down to 57.5% in the first quarter from 57.6% in the fourth quarter of last year, 57.8% a year ago, and 59.8% when the recovery began." And here is where the Marxist-Leninist party of the US should pay particular attention: "some recovery it has been - a recovery in which labor's share of the spoils has declined to unprecedented levels."

Like Rosie, Zero Hedge is not a marxist blog: quite the opposite, but like him we come to the same troubling conclusion: "extremes like this, unfortunately, never seem to lead us to a very stable place." We would go further: not only does the US already have the core elements, should one be so inclined, to provoke a (rather active) anti-fascist movement based on some interpretations of pro-corporatists policies adopted by the administration, but should another be so inclined, the country also has the groundwork in place for another neo-Marxist revolution: just take this chart, add some slogans, mix, and simmer. And who will be the natural enemy? Why only look at the great October revolution in Russia for ideas. History always rhymes.

 

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Fri, 06/03/2011 - 20:11 | 1338046 GoinFawr
GoinFawr's picture

YOU ASSHOLES! RALPH FREAKING NADER has been staring you straight in the face incredulously for the last 4 goddamned elections (not to mention DECADES)!

Without even being POTUS: Freedom of Information Act, Clean Drinking Water Act, etc et fucking cetera.

I imagine he wouldn`t have lived long as Prez, but at least thousands of your soldiers might still be alive and helping rebuild your infrastructure with all the capital you saved not invading everybody and his dog on behalf of a buncha elitist right wing loonies and their oil companies, who then thanked you by shipping all your manufacturing (and the technology that made it possible) overseas.

Yah, you might have had to eat single payer health care, which, contrary to the duped Ronald Reaganites, is not `one size schmees schmee...`

A trillion a year sets a shitload of broken bones; hell, even 250 billion.

And if he made it past inauguration without having his head splattered all over the inside of his town car do you really think he would have allowed the banksters to fuck you as hard as they can for the last ten years? RN bailing out the banks? Yah right.

And NO he`s not a `Russialist`, he`s a dyed-in-the-wool Constitutional Republican for fuck`s sake, and those words actually mean something to him, which I see so many here on ZH claim to value too.

Rant off/ It just pisses me off when the guy doesn`t even get an honourable mention after forty years of service.

Fri, 06/03/2011 - 20:09 | 1338108 Reese Bobby
Reese Bobby's picture

Seatbelts were a good idea.  Ralph has been on a dry spell since then...

Fri, 06/03/2011 - 20:17 | 1338125 GoinFawr
GoinFawr's picture

(throws up hands in air) Fine, ignore everything I wrote and every point I gave you. You made your fucking bed, I hope you enjoy lying in it.

Fri, 06/03/2011 - 21:48 | 1338332 Reese Bobby
Reese Bobby's picture

The majority of people on this site are against the 140 Country U.S. Empire.  But the last Presidential candidate I had any interest in was nutty Ross Perot. 

Fri, 06/03/2011 - 22:01 | 1338430 knukles
knukles's picture

"qsuisssssssssssssssssssssssssskkkkkkuk"
You hear that?  Listen to me, you hear that sound? 
"qsuisssssssssssssssssssssssssskkkkkkuk"
That's the sound of jobs being sucked out of Amrica with this free trade thingalmabob.  Listen!
"qsuisssssssssssssssssssssssssskkkkkkuk"

Fri, 06/03/2011 - 22:10 | 1338434 knukles
knukles's picture

The Economist called Ron Paul a "kook." 
Hmmmmmm
The Economist called...

Fri, 06/03/2011 - 22:28 | 1338467 Reese Bobby
Reese Bobby's picture

Fuck The Economist.  Bilderburg Ass-Wipes...

Fri, 06/03/2011 - 22:38 | 1338491 downwiththebanks
downwiththebanks's picture

A racist blowhard - yes.  

A kook.  Not so much.

Fri, 06/03/2011 - 23:09 | 1338555 Reese Bobby
Reese Bobby's picture

Nice try.  Congressman Paul can defend himself:

http://www.youtube.com/watch?v=RKBlk1Vpeuw&feature=related

 

Fri, 06/03/2011 - 23:30 | 1338614 downwiththebanks
downwiththebanks's picture

One thing we know is that Ron "JOHN BIRCH SOCIETY" Paul will talk and talk and talk and talk about anything (except 911, of course, where he defends Ashcroft's "alCIAda did it fantasy).

But words don't change his actions or his affiliations.

Fri, 06/03/2011 - 23:07 | 1338559 Strike Back
Strike Back's picture

Shit.  A new species of troll.

Fri, 06/03/2011 - 23:34 | 1338616 downwiththebanks
downwiththebanks's picture

"Go GOP!" says the non-troll.

Fri, 06/03/2011 - 23:55 | 1338664 Strike Back
Strike Back's picture

No difference between the two.  Ron Paul is in a league of his own.

Fri, 06/03/2011 - 23:57 | 1338670 downwiththebanks
downwiththebanks's picture

Indeed.  There's ZERO difference between Ron "JOHN BIRCH SOCIETY Paul and Republican.

He exists to keep ZeroHedgers like you voting GOP.  Which, incidentally, makes you a lemming.

Sat, 06/04/2011 - 00:06 | 1338691 Reese Bobby
Reese Bobby's picture

You have half a point finally but you won't know what it is and it is muddled by your implied party bias in other comments anyway.  Anyone who thinks there is any difference between the two major political parties is completely missing the real problem in my opinion.  But I understand if it is too much for you to handle.

Sat, 06/04/2011 - 00:11 | 1338696 downwiththebanks
downwiththebanks's picture

 

Never voted Democrat.  Never voted Republican.

Funny thing:  I just never felt - even as an 18 year old - like being suckered by ambidextrous puppetmasters.

That said, I can see why Ron "JOHN BIRCH SOCIETY" Paul supporters are defensive about supporting such a group of hucksters as the GOP.  

I'd be defensive, too, if I were such an obvious sop.

Sat, 06/04/2011 - 01:52 | 1338823 Reese Bobby
Reese Bobby's picture

I have made a handsome living identifying bullshit.  I call bullshit on you.

Sat, 06/04/2011 - 02:46 | 1338869 AnAnonymous
AnAnonymous's picture

I have made a handsome living identifying bullshit.  I call bullshit on you.

 

US citizen way then as it starts by telling that somebody who did not vote for DEM/REP has a implied DEM/REP bias.

Sat, 06/04/2011 - 04:22 | 1338912 knowless
knowless's picture

akasha

Sat, 06/04/2011 - 11:26 | 1339193 Reese Bobby
Reese Bobby's picture

Isn't Babelfish great!

Sat, 06/04/2011 - 07:57 | 1338984 Moe Howard
Moe Howard's picture

So being against aid to other countries makes a person a racist? Count me in too.

Sat, 06/04/2011 - 09:53 | 1339070 downwiththebanks
downwiththebanks's picture

Nope.  Being against 'aid' to other countries makes you clueless as to the true intention of that aid - White Imperialism.

It's sad to be a clueless 80 year old.

Someone should ask the little Bircher how a 50 story building can collapse by its own initiative.

Sat, 06/04/2011 - 10:33 | 1339116 tmosley
tmosley's picture

Hmm, so foreign aid is white imperialism, and anyone wanting to stop it is racist.

Nice logic there.

If you think Ron Paul doesn't understand the concept of dependence, then you are the clueless one.

Sat, 06/04/2011 - 11:31 | 1339195 Reese Bobby
Reese Bobby's picture

Nice.

Sat, 06/04/2011 - 12:47 | 1339289 eureka
eureka's picture

U.S. "foreign aid" goes directly to tax-evading/non-tax-paying "U.S."-supra-national corporations. Nuance,tbm. Nuance. If possible.

Sat, 06/04/2011 - 12:56 | 1339309 tmosley
tmosley's picture

Uhhh, ok...

So why is ending it bad, then?

Here's a hint:  I want to end it.

Sat, 06/04/2011 - 13:10 | 1339361 eureka
eureka's picture

That is clear. I want to end it too.  All I propose is full explanation of why - which is: 

U.S. "foreign aid" is taxpayer-sponsored bail-out of capital-collectivist corporations.

Sat, 06/04/2011 - 13:26 | 1339393 malalingua
malalingua's picture

I want to end it too.  Here is another reason why from Dr. Ron Paul,  “Foreign aid is taking money from poor people in rich countries and giving it to rich people in poor countries,”

Sat, 06/04/2011 - 16:11 | 1339781 Shell Game
Shell Game's picture

Now, you've gone and muddied the waters of a perfectly irrational attack on Ron Paul..  ;-)

Sat, 06/04/2011 - 13:15 | 1339366 eureka
eureka's picture

That is clear. I want to end it too.  All I propose is full explanation of why - which is: 

U.S. "foreign aid" is taxpayer-sponsored bail-out of capital-collectivist corporations.

Sat, 06/04/2011 - 13:08 | 1339326 malalingua
Sat, 06/04/2011 - 14:37 | 1339571 malalingua
malalingua's picture

ok, so what does this have to do with Ron Paul?

Sat, 06/04/2011 - 21:24 | 1340328 jaffi
jaffi's picture

Ron Paul, being a libertarian (as shown from his philosophy, his stances, and his books), cannot be a racist, nor has he shown himself to be a racist.  Racism requires collectivism to exist.  Libertarianism is an individualist philosophy which denies collectivism, therefore it is entirely impossible for a true libertarian to be racist, because it would mean the support of a collectivist idea.  

Fri, 06/03/2011 - 20:11 | 1338118 zen0
zen0's picture

helping rebuild your infrastructure with all the capital you saved not invading everybody and his dog on behalf of a buncha elitist right wing loonies and their oil companies.

 

Sorry dude. Elitist Left wing Fascist loonies. That is, not laizzes faire classical liberal types. Who is sucking the government tit?. Lefties. Get it straight bro, before you embarrass yourself further.

Fri, 06/03/2011 - 21:42 | 1338134 GoinFawr
GoinFawr's picture

Don't worry, my interest level in you and yours is dropping fast.

Unlike Ralph Nader, 'Elitist Left wing Fascist Loonies' are NOT Constitutional Republicans. But seriously, don't bother to address any of my points, just blurt out the first idiotic piece of rote that bubbles to the surface of your bullshit distended head.

I swear you people are so conditioned on certain subjects that when specific names/terms get mentioned you have a fucking switch that gets flipped and turns you into Kurt Vonnegut's dentist in "Mother Night".

Sat, 06/04/2011 - 01:29 | 1338800 delacroix
delacroix's picture

player piano(vonnegut)

Sat, 06/04/2011 - 01:44 | 1338812 GoinFawr
GoinFawr's picture

nice.

Fri, 06/03/2011 - 20:48 | 1338195 scaleindependent
scaleindependent's picture

zeno,

"Elitist Left wing Fascist loonies ,"

Stop mixing political metaphors,  you idiot.

Sat, 06/04/2011 - 07:35 | 1338968 pan-the-ist
pan-the-ist's picture

Half of these idiots will never understand fascism until they get kicked in the face with a size 12, the other half will be happy to have someone protect their wealth from the rioting socialists.

Sun, 06/05/2011 - 00:17 | 1340604 eureka
eureka's picture

Wow - judging from your language - and tmosley's as well - we could easily have our own little civil war here on zerohedge - despite all tmosley's talk about "natural law" and about how everybody should stop killing and stealing...

Is there really any purpose to all our ideological discussions - or should we just all get all our guns out and get at it until no man is standing and the world is truly peaceful?

Sun, 06/05/2011 - 15:31 | 1341650 Mad Cow
Mad Cow's picture

It's just the way it is. While we tend to debate on top of the pyramid, we also tend to forget about its foundation.

The foundation is that ALL LIFE requires the death of something to sustain it. Thus is the curse of the physical dimension. No amount of ideas can can change that basic equation.

However, ignoring this and employing good old-fashioned cognitive dissonance, we can try to outsmart it, chase our own tail, maybe even eat it, and thus make life in the physical realm "interesting."

Fri, 06/03/2011 - 21:40 | 1338360 cosmictrainwreck
cosmictrainwreck's picture

"Who is sucking the government tit?" Lefties. Idiot. Moron. Pinhead. Imbicile. Man, are you ever somebody's tool. The correct answer IS: everybody [most present company exlcuded]. Try this one on: from the richest, slimy, greedy, dick-head WallSkreet stooge down to the single mom on foodstamps. Got nothin' to do with left-right-middle. Matter of fact, your beloved "righties" have sucked billions more (totally & per capita) than all the rest combined. Ya shit-for-brains, know-it-all cretin. Open yer fuckin' eyes.

Sat, 06/04/2011 - 07:40 | 1338974 pan-the-ist
pan-the-ist's picture

These fools only call corporate welfare recipients socialist because Glen Beck has generalized the term 'socialist' in their minds to mean any recipient of tax money/government debt.  It is an easy trick to pull, and most people are too unprepared see it coming.

Sat, 06/04/2011 - 12:49 | 1339296 Cathartes Aura
Cathartes Aura's picture

. . . which is doubly hilarious when one remembers Mr. Beck's membership in that socialist cult of Mormons - they ARE their own little welfare state, between tithing and the Bishop's food banks.

busy little bee-hives.

Fri, 06/03/2011 - 20:40 | 1338176 scaleindependent
scaleindependent's picture

Exactly...

Fri, 06/03/2011 - 21:37 | 1338355 Yen Cross
Yen Cross's picture

  You live? YEN CROSS  Nice work.

Fri, 06/03/2011 - 22:09 | 1338389 GoinFawr
GoinFawr's picture

Nice of you to drop by YC.

80.50, 82, 80.25. So, are you cross with the yen? Let me guess: you were hedged, not leveraged. No wait: you troughed and peaked, went flat then short and raked it all in all ways as always, miracled the whole thing, right?

Fri, 06/03/2011 - 22:20 | 1338455 Yen Cross
Yen Cross's picture

  I never forget (HONEST) People.

    I have your back until my last dying BREATH.     YENCROSS

Fri, 06/03/2011 - 23:38 | 1338633 aerojet
aerojet's picture

Unsafe at Any Speed was just a hit piece.  That's the problem with all those guys--they deal in "issues" which are not real life.  Today's cars are expensive, weighted down piles of techno-crap because there are so many damn airbags stuffed everywhere. It was all someone's corporate agenda and had nothing to do with safety or the needs of regular people.

Sat, 06/04/2011 - 00:11 | 1338680 GoinFawr
GoinFawr's picture

yeaaaah, the Freedom of Information Act is like sooooo last year, and clean drinking water, who the hell needs that? Read me the Patriot Act anyday, it`s like, for Patriots, you know? Me, I`m like a mushroom, I like to import my water from the Nile and simply live to be fed shit in the dark...so much so in fact I may be a little hazy on the list of accomplishments of all of Ralph`s opponents in the last 4 elections, would you refresh my memory? Actually, that`s a pretty tall order to just dump on you like that, so how about just outlining all the talent in the last election. The guy who won, he musta been one helluva statesman to compete with four decades of dedicated service to the American people, no?

/sardonic

Sat, 06/04/2011 - 01:28 | 1338802 delacroix
delacroix's picture

those corvairs, were dangerous as hell, and cars are much lighter, and nimblenow, than they were then

Sat, 06/04/2011 - 08:23 | 1339005 Pope Clement
Pope Clement's picture

The Corvairs were fun on twisty mountain roads a poor man's Porsche.

Sat, 06/04/2011 - 00:53 | 1338765 Yen Cross
Yen Cross's picture

 Missed you Goin Fawr. I get junked as well. You know I respect you!  YEN CROSS!

Fri, 06/03/2011 - 19:23 | 1337992 Tortfeasor
Tortfeasor's picture

Notice how it's gotten WORSE in the last three horrible years?

Fri, 06/03/2011 - 21:19 | 1338308 FreeNewEnergy
FreeNewEnergy's picture

Yes, considerably. Amazing, though I believe the federal government has gone so far off the reservation, most people with brains - and money - are simply ignoring them.

Their source of power comes from the power of taxation, and they have botched that completely by allowing a wide variety of legal tax dodges in the absurd tax code. They'd have to hire two million agents to even begin to catch half the tax dodgers, cheaters and outright swindlers.

I believe they have lost their way, going instead for the DHS and that whole, stupid angle. Please, watch me while I legally rob you.

Nice system ya got there. A complete mirage.

Sat, 06/04/2011 - 10:21 | 1339100 Vendetta
Vendetta's picture

Agree.  I tend to use the phrase 'off the rails' to describe the federal government .. and a very steep cliff is right next to the tracks ... its just a matter of time before gravity is the only force acting on its 'agenda' instead of QE.

Fri, 06/03/2011 - 19:50 | 1338059 zen0
zen0's picture

When are people in the US going to understand that the President is not the King of a traditional Monarchy?

 

You can use revolution to take the Monarchy out of the US, but you can't take the Monarchical mindset out of the revolutionists.

You guys are so screwed.

Fri, 06/03/2011 - 19:54 | 1338061 theman
theman's picture

I am aware that I am in the presence of giants here.  Many, but not all.  The irrefutable sine qua non of a stereo-typical liberal is his aversion to engage the issue, and inclination to simply call the opposition names.  Nice to see your'e out of the closet.

Fri, 06/03/2011 - 20:43 | 1338188 scaleindependent
scaleindependent's picture

.

Fri, 06/03/2011 - 23:04 | 1338537 JW n FL
JW n FL's picture
by theman
on Fri, 06/03/2011 - 19:54
#1338061

I am aware that I am in the presence of giants here.  Many, but not all.  The irrefutable sine qua non of a stereo-typical liberal is his aversion to engage the issue, and inclination to simply call the opposition names.  Nice to see your'e out of the closet.

*************************************************************

I see a lot of your feelings.. but nothing to debate..

I'm your fucking liberal here!

I am liberal with automatic weapons, food stamps and as well liberal with the rope with wanna be hell fire holy roller types.

 

so whatchya wanna do pussy? cry some more?

 

you those the topic and I wont talk about how republican super wanna be conservatives love meth and lil boy hookers to Blow!

Sat, 06/04/2011 - 13:47 | 1339442 MolotovCockhead
MolotovCockhead's picture

I'm more liberal than you, I'm for every country to have their own nuclear bombs. If your country don't own any nuke, you are very prone to all kinds of revolution in every color code and in the names of all kind of flowers........orange, jasmine..comes to mind.

Fri, 06/03/2011 - 19:53 | 1338067 theman
theman's picture

I am aware that I am in the presence of giants here.  Many, but not all.  The irrefutable sine qua non of a stereo-typical liberal is his aversion to engage the issue, and inclination to simply call the opposition names.  Nice to see your'e out of the closet.

Fri, 06/03/2011 - 20:39 | 1338186 scaleindependent
scaleindependent's picture

and since you mentioned it, the sine qua non of a retard is repeated multiple posts...

Fri, 06/03/2011 - 19:55 | 1338072 theman
theman's picture

I am aware that I am in the presence of giants here.  Many, but not all.  The irrefutable sine qua non of a stereo-typical liberal is his aversion to engage the issue, and inclination to simply call the opposition names.  Nice to see you're out of the closet.

Fri, 06/03/2011 - 20:47 | 1338205 scaleindependent
scaleindependent's picture

zzz

Fri, 06/03/2011 - 20:05 | 1338095 zen0
zen0's picture

When are people in the US going to understand that the President is not the King of a traditional Monarchy?

 

You can use revolution to take the Monarchy out of the US, but you can't take the Monarchical mindset out of the revolutionists.

You guys are so screwed.

Fri, 06/03/2011 - 20:10 | 1338113 Reese Bobby
Reese Bobby's picture

No shit Sparky.  What Country do you live in that is not "screwed."  I am shopping around...

Fri, 06/03/2011 - 20:56 | 1338225 tmosley
tmosley's picture

Another dumbshit reply from ZH's resident libtroll, Red Neck Repugicunt.

Here's a clue for your dumb ass--no-one here voted for George Bush.  I certainly didn't.  Nor did I vote for McCain.

But then, you'd vote for Hitler if he had a (D) behind his name.

Fri, 06/03/2011 - 23:27 | 1338600 Flakmeister
Flakmeister's picture

There's a flag on the field...

tmosely 15 yards, personal foul, failure to respect Godwin's for postings with less than 250 comments...

Sat, 06/04/2011 - 10:04 | 1339086 tmosley
tmosley's picture

Simply mentioning Hitler does not merit an invocation of Godwin.  I am not comparing him to Hitler.  I am saying he is a slave to the R==D paradigm, and that that severely inhibits his judgement.

Sat, 06/04/2011 - 17:26 | 1339894 Prometheus418
Prometheus418's picture

Godwin's Law is not applicable here.  It was a taunt about the stupidity of the two party system, not a comparision to genocide.

Fri, 06/03/2011 - 21:02 | 1338236 Living_Stone
Living_Stone's picture

The only diff between now an then is Old Rough and Ready.  It ended in Civil War ...

Fri, 06/03/2011 - 21:36 | 1338344 ebworthen
ebworthen's picture

 

Comrades!

Elections and politicians don't matter.

The only thing that matters from here on out is life and death of individuals.

In celebration of our Kleptoligarchy, this fine rifle is available for $109:

http://www.budsgunshop.com/catalog/product_info.php?products_id=411540201

Remember; both Stalin and Hitler killed millions with ideas that were poison to individual thinking and liberty - as have many U.S. Presidents.

Fight for choice at the locus of the individual.

 

Fri, 06/03/2011 - 21:55 | 1338411 NuckingFuts
NuckingFuts's picture

F'And'A Right.  We have nothing to lose but our chains.

Fri, 06/03/2011 - 22:59 | 1338534 Antarctico
Antarctico's picture

Whoa -- nice looking Mosin-Nagat and at a very fine price!  This reminds me I need to fill out my C&R paperwork. :D

Sat, 06/04/2011 - 16:39 | 1339795 Shell Game
Shell Game's picture

Excellent weapon.  Local sporting good chains will put these up for $99 on occasion, avoids the extra transfer fee.  I have four of them, even used one for a weekend at Appleseed.

 

Sat, 06/04/2011 - 17:27 | 1339898 Prometheus418
Prometheus418's picture

Nah, that's ugly.  Here's my baby:

http://www.budsgunshop.com/catalog/product_info.php/products_id/41005

A fine, light cowboy gun, suitable accessory for hangings.

Fri, 06/03/2011 - 18:37 | 1337868 Auricle of Omaha
Auricle of Omaha's picture

And what do they all have in common... feeding at the trough of excessive government.

But the unions have the best interest of the workers in mind - Yeah Right!

Fri, 06/03/2011 - 23:34 | 1338622 downwiththebanks
downwiththebanks's picture

Now that you're done ripping on people who actually WORK for a living, shouldn't you be shining the shoes of a Banker-Gangster right about now?

After all, you're in their service.

Sat, 06/04/2011 - 11:31 | 1339141 Bay of Pigs
Bay of Pigs's picture

Coming from the angry racist clown. 

Good luck with that attitude around here.

 

Fri, 06/03/2011 - 18:46 | 1337882 NotApplicable
NotApplicable's picture

Two wrongs don't make a right, but a fight.

Just because one gang happens to align with your interests does not make them any less of a gang. What you're advocating is that the ends justify the means, which you should realize, is the very essence of the slippery-slope itself. If one evil can be justified, then they all can. It's merely a matter of perspective and scope.

History is replete with "Final Solutions" where we just have to get past one evil by invoking another. Given there is no such thing as a necessary evil, but only evil, well... your ideology is where the true problem lies.

Go ahead though, fight evil with evil and see what you end up with.

Sat, 06/04/2011 - 04:40 | 1338918 falak pema
falak pema's picture

Charybdis of state whirlpool and Scylla of the Oligarchical corporatocracy...We have to steer our way between both...so Marx as solution is as bad as Milton Friedman and Reaganomics... but Marx as critique...of capitalism is another issue...we have to invent a new politico-socio-economic paradigm...Out of the stink of the current melt down and the hubristic knee jerk of the kleptocracy clowns...who won't admit their butts are covered with fiat manure of their own creation. 

Sat, 06/04/2011 - 10:13 | 1339094 Blankman
Blankman's picture

"we have to invent a new politico-socio-economic paradigm"

 

Do tell.  The way I see it is every time we invent something new it gets turned into a far greater force for control than the thing it replaced.  Until people don't feel the need to be led around by the stuffed suits of society we will get what we deserve.  Perhaps that is your point. 

Sat, 06/04/2011 - 11:56 | 1339223 falak pema
falak pema's picture

Look at it this way, technology is time's arrow for society in this age. Political man brings no value added in terms of originality, whatever his "official" tag. Those who have created the modern world dynamics with its current excesses are the mutli-national corporations. The world now needs to move away from the 'block vs block' ideological mantra pedaled by the political world. The civil society needs to spearhead the new aspirations of people in all regions that are currently constrained by RM supply availability, population increase and all the related ills associated. Our current planetary situation needs to move out of the three pillars of the last century in terms of technology and economic engine: 

a) Cheap abundant oil, which has fashioned the GM/Exxon age. The incidental MIC complex all focussed about keeping supplies to its SOLE real supply line free to the west; ie : the Saud connection. we need to find a new paradigm in this area which will be technology led. 

b) Financialised global play based on predatory capitalism and sterile wealth destruction and concentration through transfer of privately created debt to public sector. The world needs to go back to sane monetary and financial regulatory models where financial power is constrained/regulated based on Bretton Woods type mechanisms.

c) Use of military force to resolve intercontinental and strategic problems.

Yalta showed us that using "top down" governance did not help resolve the people's problems in the ideological stand-off of the cold war age under the MAD umbrella of nuclear power stalemate. We have to move on to another political equation that is more "bottom up" NOT "top down". Of which we are getting a first glimpse thanks to the new Internet technology in ironically a backward region of the globe : the MENA region. If these aspirations which are genuine and the resonance that the Internet technology have created for them, could be understood globally, we could see the seeds of the new paradigm emerging. Our growth has to move away from material movement of "consumer goods" to immaterial creation of a "knowledge" universe more conducive to human growth as opposed to classical economic growth linked to material resources. If the area for economic dynamism were basically channeled into "knowledge" creation and the basic building blocks of human sustenance, (food, energy, land, agriculture, forestry) were shared on a partitioned basis where economics criteria were balanced with local population needs (keeping in mind that population transfers around the globe is not the parameter to optimize) then we could get regional economic and social stability. I don't know what this sharing mechanism paradigm would be. But the politicians with their age old prejudices and their psy-ops techniques are no longer capable of spear heading this. But I do know that the current market driven, labor international arbitrage one is not a satisfactory one. We cannot wait for the USA to be price/productivity competitive with China before we bring back factories to USA. That is what is currently implied by the Oligarchy running the world in its current "outsourcing" binge. This is a recipe for more wars and interminable cycles of regression. As democracy is NOT compatible with this asymmetric distribution of wealth world wide; where 1% control the lives and destines of 99% without any power given to the people. 

In conclusion the road ahead leads to more civil society involvement in technology innovation towards a new paradigm and away from the MIC statist monopolies and Corporatocracy model of comparative advantage using displaceable and disposable semi-slave labour around the world.

Fri, 06/03/2011 - 20:52 | 1338222 Sizzurp
Sizzurp's picture

It seems to me that the chart illustrates significant decline in labor wages once we left the last vestiges of the gold standard in 71.  The smart and wealthy were able to shelter themselves for the ravages of fiat currency based inflation, however the working classes got stiffed as real wages declined.  Sound money is the essence of a free prosperous society, remove it and the middle class gets ruined. Last I checked there was only one candidate running in 2012 advocating a return to the gold standard.

Sat, 06/04/2011 - 05:42 | 1338936 swissbene
swissbene's picture

chart looks most different starting early 80s.  no view on politics or data/methodology.  just looking at the ink blot.  agree on principle of money, just not sure there is a causal link to labour wages presented here.

Sat, 06/04/2011 - 00:19 | 1338708 macholatte
macholatte's picture

workers had unions .... but they are evil .... EVIL I tell you!!!

It's not that unions are evil. The simple fact is that like any part of a capitalist machine, unions need to learn to compete. They have not and have little to offer an employer. Unions do not provide a pool of skilled labor, they make the employer do the training. They do not dicipline bad workers, they fight the employer who tries to fire the bad guy. The day unions learn to provide a real service to the employer is the day they will be embraced by management.

I respect the state workers and I respect their unions, but we simply can't afford to pay benefits and pensions that are out of line with economic reality.
Andrew Cuomo

/

We vote - if the public votes 50 percent, we vote 70 percent. So we have a bigger impact with our numbers, and the organization and the manpower we can bring to a race.
Jimmy Hoffa
/
Sat, 06/04/2011 - 01:19 | 1338792 FreedomGuy
FreedomGuy's picture

I love the beginning of this post, "Attention marxists:". It is brilliant to draw out the statists. It is a data point that does not mean anything in particular except what you ascribe to it. It shows a decreasing share of income ostensibly to middle class and more to upper class or richer folks. It doesn't state exactly who is what and there is no why.

You statists jump on it so predictably. The solution is what? To take more stuff and give it to yourselves? To make the rich poor? Make the poor rich with other people's stuff? Hang "banksters"? All bankers?  More regulations? More taxes? More free stuff? More powerful leaders to redistribute? Higher pay for unions? More unions? More protectionism? Less freedom? Stalin, Hitler, Mao, some theoretical socialist George Washington? Cap and trade?  Free healthcare? More house subsidies? Less democracy? Maybe direct democracy? More socialism? Revolt? Against what and for what? What are the "right" percentages of wealth for middle class and wealthy? At what dollar amount do you cross from one to the other? Exactly what does that damn chart tell us to do? 

For the sake of argument let me pose a few ideas to those who would like to reason their way through this. I will delight in being the austrian free market, Adam Smith, libertarian contrarian. I know you hard core lefties are already working up bad names for the few who think as I do. It's easier than reasoning.

Possibility 1. When you are in a recession-depression people, millions of people are laid off. Millions more take wage cuts. Millions more are underemployed. Some give up economically. It is a labor supply and demand situation. The amount and price of labor is falling rapidly. Business goes defensive and does not spend with bad projections on the horizon. The middle class share of income has to fall. It will not recover until the demand for labor increases relative to the supply. Until labor is in relatively short supply, wages, real wages cannot rise again in the free market. Government labor costs can rise because it can be forcibly extracted from the population.

Possibility 2. Government policies such as currency manipulation, interest rate manipulation, higher taxes, regulatory burdens, irresponsible lending (Freddie-Fannie), income redistribution, etc. are the foundation for most of what we suffer. In a political economy based on inflation the best way to make money is to manipulate money rather than make things. Government has misdirected wealth to certain areas like housing and it has to unwind, generally from well above mean to well below mean. Classic Austrian prediction in the misallocation of wealth/resources.

Possibility 3. Much wealth redistribution is precisely because of government. Ibidum exemplum, TARP and bailouts keeps wealthy financiers and bankers who should have gone bust...wealthy, while the middle class absorbs the debt. Wealthy farmers still get subsidies even with record high grain prices. Grain prices are higher because of ethanol subsidies. Young people with no health insurance pay for healthcare (Medicare) for relatively wealthy seniors who could afford it but prefer to spend it on condos, golf and casino's in Florida. The middle class subsidizes housing, food, medicine, etc for the poor who plan to remain so indefinitely because it ain't a totally bad lifestyle...for them. Wealth moves in many directions away from the middle class, particularly middle middle and upper middle due to the sheer mathematics and amount of money available for political purposes.

My bottom line is more government is probably not the solution. That always seems to be the way to go. The apparent strong man appears and promises to solve whatever inequities seem to exist and we surrender power to him and his minions to our own destruction.

The solution in my opinion is the opposite. Do not give up power to determine your own fate. Others do not have a better plan for your life than you do, yet we are sold that bill of goods nearly daily. The biggest myth is that we need government and giving the beast more power is actually good for us.

That chart measures something. The reasons, meanings and "solutions" are up for grabs. That's where the battle is. I stake out position on the side of liberty. When our crony-capitalist, neofascist system caves in I hope there are a few who can rise above the din to point the way to a different solution than the predictable statists. Historically speaking it is a longshot.

Sat, 06/04/2011 - 04:50 | 1338919 knowless
knowless's picture

i'm sorry to sully your post with a response, but i think you underestimate the power behind what you say. it is becoming increasingly more apparent to the masses what the situation is, and now is a pivotal time to attempt to explain the core struggle within our society. not calling a top or anything, but the nightly business report showed a graph tonight which had the u-6 unemployment numbers. as is said(especially here) always "the time draws near".

http://www.youtube.com/watch?v=P7cPN_O9i4g&feature=fvst

I think for all of you closeted lunatics out there, it might be time to express yourselves, realise though that in this action you open up yourself and your family as a target of the state. this option should only be expressed if you are willing to suffer the consequences of your vocal opposition. but really, will they kick in your door and arrest you just for saying the wrong thing? are we there yet? do you want to find out?

unless more people start educating the masses to your line of thought freedomguy, i'm uncertain as to where we'll be as a people.

i know i am insane, and i'm fine with that now.

Sat, 06/04/2011 - 11:14 | 1339174 FreedomGuy
FreedomGuy's picture

Not sullied at all. Liberty takes reasoning, confidence and an accurate review of history. You have to resist the temptation to take action against "that other guy" who is your neighbor who is taking action against you. Government laughs as we so easily sell each other out. All problems identified by statists have the exact same problem...freedom. Other people are not choosing to do what you want them to do...wearing seatbelts, buying healthcare, buying car insurance, saving enough for retirement, giving to the poor, subsidizing your favorite thing or group...so we will MAKE them do it, dammit! It's good for them even though "they" are too stupid to know it.

And then we wonder how we got in such a mess with such a huge, intrusive, omnipresent government.

Sat, 06/04/2011 - 09:47 | 1339065 steve from virginia
steve from virginia's picture

To enforce less government will require a lot more government, obviously.

'Reduced government' will require definition, this means new regulations will be written: means must be gathered to enforce these new regulations along with more courts, administrative judges, enforcement, intra-agency coordination, IT, staff and outside legal counsel: a Cabinet level Department will be set up with a Secretary of Smaller Government.

The new department will require several hundred million square feet of first-class office space in locations where the governments operate ... The smaller the actual government becomes due to the efforts of the Secretary of Smaller Government the greater resources the Secretary of Smaller Government and her Department will require.

When the government itself has shrunk to nothing, the Department of Small Government will be two or three times as large and require two or three times as much revenue and manpower as did the extinguished government.

At that blessed time, Congress will be entertaining efforts to reduce the size of government reduction. Can't wait for that!

Sat, 06/04/2011 - 11:20 | 1339179 FreedomGuy
FreedomGuy's picture

I trust you are being humorous. Actually, there is one and only one way to shrink government. You must stop asking it to do "stuff". This is why Republicans will fail to shrink government in the long run. They have no intention of eliminating a single program or asking government to do less of anything. They just want to do it more cheaply than the Democrats. It's like mowing a weed instead of pulling it.

Sat, 06/04/2011 - 02:49 | 1338871 Missiondweller
Missiondweller's picture

"That chart matches exactly the decline of Union participation and the decrease in wealth of the middle class."

 

So would a graph of the US manufacturing sector as a percentage of our (U.S.) economy.

Sat, 06/04/2011 - 11:21 | 1339185 FreedomGuy
FreedomGuy's picture

So would a graph of the increase in size of the government, growth in transfer payments, devaluation of the dollar and so on. So what is the common denominator? What is the cause? Most everyone gets it wrong.

Sat, 06/04/2011 - 05:28 | 1338928 jaffi
jaffi's picture

<shaking head>

Sat, 06/04/2011 - 06:03 | 1338929 jaffi
jaffi's picture

 

IdioTsincracY,

You see the government as a way to achieve your goals (a true collectivist/socialist), and then you see the lobbyists that have clout with the government.  But, your first instinct is not cooperation or free commerce, rather it is to increase your own clout with said government in order to equal the balance of those seeking to influence government.  Yet, you don't make the simplest of conclusions, that it is the government and its power that is the problem.  Even a child could see this problem....

But, why would you see the problem?  You seek government power for your own benefit, just as GS or JPM seeks government power for their own purposes, you want to be up on that pedestal and receive special privileges that are not shared by the rest of us (unless we join you club).  In the end, you and your union are no better than a Goldman Sachs or a JP Morgan, because all that you seek is to fleece the rest of us for your own gain.   Need proof, just see what happens when a non-union worker tries to get a job (just a regular guy trying to make a living for his family)?  See how far he gets before he gets beaten down from the so-called "supporters of labor".  Your unions do not support labor, you only support labor that is part of your "team".  You're hypocrites that only care about yourselves, and if somebody isn't part of your team, then you can care less if he rots in a gutter.

The fact is that unions are just as much scum as the bankers, they are all looking for a handout from government, or laws to benefit themselves.  You're all POS, plain and simple.  And, unless you belong to a public-workers union (i.e. you're net tax consumers with gun-carrying thugs to guarantee your wage), then chances are that you have a higher unemployment rate than other workers in your city (marginal productivity can be a bitch).  

F you, and your punk azz union.   Just like the bansters, you seek to use the power of government over the population for you own aims.  You have no ethics, nor any core principles, that are compatible with the cooperation of humans, law, or the market.  

You are filth... And, you have no place in a civilized society.

 

Sat, 06/04/2011 - 11:27 | 1339190 FreedomGuy
FreedomGuy's picture

Jaffi, damn that was a good post. You get it clearly. In fact, I will be borrowing some of what you wrote in my future communications. Nicely put...although I might have left off the last few lines. I do understand where it comes from.

 

Sat, 06/04/2011 - 20:11 | 1340211 jaffi
jaffi's picture

I was a little wasted when I wrote it, that's why it wasn't as eloquent as I would have liked.  But, the main point that I was trying to get across is that unions seek the power of government for their own aims just as any other entity.  That is the screwed up thing about government, it has the monopoly on force and power, so it is only logical that special interests will use that power to fulfill their own aims.

As Bastiat once said, "the State is the great fiction through which everybody endeavors to live at the expense of everybody else".  Unions fit this description to a T.

Sat, 06/04/2011 - 05:37 | 1338931 Urban Redneck
Urban Redneck's picture

 

You are forgetting the most powerful union of all- WALL STREET, which actually significantly increases labor's share of national income (e.g. the numbers are worse than presented).

In 2008, there was the Goldman analyst, the JPM commodity trader, the Countrywide sub-prime telemarketer, the Bear HF manager, and the AIG & Lehman CDO underwriters, they were all pulling a million dollars each as members of LABOR.

Then the market forces and credit crisis set in, the US government's deficit-to-Spending ratio moved from 35.1% to 63.3% in one year, while federal revenues (tax receipts) dropped from $1.9T to $1.2T.  The guys from Countrywide, Bear, AIG, and Lehman were collecting unemployment instead big bonuses that the State could tax at 50%.

So the Union Bosses- Blankfein and Dimon send a message Congress & the White House, "Either the layoffs are put back on the line and the Union Members gets a better pay package or WE GO ON STRIKE, and there won't be any fiat feed in the trough for the pigs"

Low and behold, one year later with full banker employment and record bonuses reinstated- Treasury receipts increase from $1.2T to $1.95T in 2010.

The Banker Union math is pretty simple, 10 NYC bankers making $1M each (combined $10M), generate $5M in Fed/State/City income taxes.  If 6 of those 10 bankers lose their jobs, then government revenues drop from $5M to $2M, and even with a 100% tax rate revenues would not get back above the $5M baseline, and upon which which future government spending plans are dependent on annual increases ad infinitum.  So if Congress wants to keep spending as long as possible, it is necessary to increase the job openings and the salaries & bonuses of the bankers, the income tax rate is relatively meaningless compared to the Banker Union unemployment rate.  

 

Sat, 06/04/2011 - 06:07 | 1338939 jaffi
jaffi's picture

Unions and bankers are no different, they both seek to gain the reins of government to fleece the rest of us.  Though, it would be interesting if the bankers announced that they were going to form the "Bankers Brotherhood Union of North America", or something of the sort.  What do you think the other unions would say?  

Obviously, the people have to pay for the losses of GM.  GM is primarily owned by the UAW, after Obama made sure to screw all of the initial investors.  Today, GM is $14 billion in the hole,,,,  Guess who's tap is running to ill that gap (hint:  it isn't Santa Claus or the Easter Bunny).  Yep, it is us.....

Sat, 06/04/2011 - 11:46 | 1339206 ISEEIT
ISEEIT's picture

So that is pretty funny ( and smart). I signed back in and was offended by the pathetic stupidity of your troll post. Offended as I was, I went to 'junk' it for a second time and discovered that we now have 'zombies' on ZH. The more you junk 'em the more death proof they become.

Actually a great idea. One junk per LEGAL voter is consistent.

I respect that.

Sat, 06/04/2011 - 12:41 | 1339285 gmrpeabody
gmrpeabody's picture

Typically, Idiot, after a post like that, you should give the readers ..

a)  <SARC>  or...

b)  ;- )

otherwise, there is the tendency to get junked. A lot.

 

 

 

Sat, 06/04/2011 - 19:22 | 1340097 Chuck Walla
Chuck Walla's picture

So you mean Obama and many Democrats don't openly work for the Unions?  Andy Stern and Richard Trumpka having been to this current White House many times. The Democrats launder billions of dollars through public unions for their campaigns and the organized have no voice?

Fri, 06/03/2011 - 18:14 | 1337790 PaperBear
PaperBear's picture

Silent dancing at the TJ memorial in DC tomorrow as a challenge to the restriction of free speech.

Fri, 06/03/2011 - 18:49 | 1337888 NotApplicable
NotApplicable's picture

Oh boy, this should be fun. Body-slams for everyone!

Fri, 06/03/2011 - 19:08 | 1337951 Bay of Pigs
Bay of Pigs's picture

I wonder if the cops just left everyone alone what would happen.

My guess is absolutely nothing, which is why they will threaten people, then crack some heads and arrest those who dare to stand up for their 1st Amendment rights.

Great situation we got going on here in the USA.

Sat, 06/04/2011 - 11:50 | 1339216 sixmil
sixmil's picture

Clearly, we need to lower tariffs and import more labor.

Fri, 06/03/2011 - 18:07 | 1337738 spinone
spinone's picture

Guess we successfully transitioned to a service economy. Bullish!

Fri, 06/03/2011 - 18:07 | 1337750 Caviar Emptor
Caviar Emptor's picture

Yes: we're serving each other burgers, and we'll soon be doing each other's laundry

Fri, 06/03/2011 - 18:51 | 1337895 NotApplicable
NotApplicable's picture

My only hope is for a non-surly ass-wiper. Then again, I don't know if I want a "whistle while you work" type either.

Fri, 06/03/2011 - 22:12 | 1338443 GoinFawr
GoinFawr's picture

hahahaha... totally caught me off guard that! Thanks.

Sat, 06/04/2011 - 01:18 | 1338790 Founders Keeper
Founders Keeper's picture

Me too. lol.

 

Fri, 06/03/2011 - 20:15 | 1338119 Reese Bobby
Reese Bobby's picture

"Do I want fries with that?"

Sat, 06/04/2011 - 10:29 | 1339104 Vendetta
Vendetta's picture

burger flipping are  'manufacturing' in the 'new' economy  .. go usa go usa

Fri, 06/03/2011 - 18:23 | 1337809 Breaker
Breaker's picture

It's worse than that. Where are transfer payments--in worker's share or capital's? Where is government employment? I suspect both are in worker's share.

In recent years, transfer payments have skyrocketed and government employment has too. So that means the portion of GDP earned by productive workers has fallen even further.

Fri, 06/03/2011 - 18:08 | 1337740 Live_Free
Live_Free's picture

Wealth effect

No wait

Trickle down.

Final answer.

Fri, 06/03/2011 - 18:10 | 1337752 TheGoodDoctor
TheGoodDoctor's picture

Yeah trickle down your ass crack when they are done.

Fri, 06/03/2011 - 18:08 | 1337760 Caviar Emptor
Caviar Emptor's picture

I call it the Trickle Me! Economy

Fri, 06/03/2011 - 18:10 | 1337768 TheGoodDoctor
TheGoodDoctor's picture

Trickle Me Elmo?

Fri, 06/03/2011 - 18:19 | 1337794 Caviar Emptor
Caviar Emptor's picture

Yup: the sheeple are supposed to go around to the rich people and say Trickle Me! 

Fri, 06/03/2011 - 18:55 | 1337905 Quixotic_Not
Quixotic_Not's picture

Buh bye middle class 'MeriKa, we hardly knew ye...

Fri, 06/03/2011 - 18:08 | 1337743 IdioTsincracY
IdioTsincracY's picture

Our society values casino-style investment, but not labor!

No people are going to say that it is just a function of the market ... and they are the same people who say that the market is rigged!

Go figure!!

Fri, 06/03/2011 - 18:11 | 1337755 Caviar Emptor
Caviar Emptor's picture

We like de night life, baby! 

The day stuff not so much

Sat, 06/04/2011 - 12:01 | 1339227 ISEEIT
ISEEIT's picture

Go away cockold. Your fetish ought to be kept private.

Fri, 06/03/2011 - 18:06 | 1337744 Quixotic_Not
Quixotic_Not's picture

Welcome to the New Feudalism...

Couldn't happen to a more sorry ass bunch of twits!

¿Tienes puta plata?

Fri, 06/03/2011 - 19:24 | 1337998 Mach1513
Mach1513's picture

Post-modern deconstructed feudalism....

Fri, 06/03/2011 - 18:06 | 1337746 Cheesy Bastard
Cheesy Bastard's picture

I thought he was gonna spread the wealth around.

http://www.youtube.com/watch?v=3U1vRyJQntw&feature=related

Fri, 06/03/2011 - 18:11 | 1337754 IdioTsincracY
IdioTsincracY's picture

Nope.... that was reagan and his 'trickle Down' bullshit!!

Fri, 06/03/2011 - 18:20 | 1337797 Cheesy Bastard
Cheesy Bastard's picture

LOL. Dude, Reagan has been out of office for over 20 years.  Heck, he's been dead for 7. 

Fri, 06/03/2011 - 18:26 | 1337808 IdioTsincracY
IdioTsincracY's picture

Yeah ... but his legacy is still alive .....

What is the plan out there?!?! .....

Simple ... it's the Trickle Down BULLSHIT

Look at the chart, dude .... see what happens after the 'fabulous' 80s .... that Reagan was a genious!!!

or maybe a Hollywood operative .... placed there to start a legacy of disgrace....

Wow ... who knew?!?!

Fri, 06/03/2011 - 18:25 | 1337820 Cheesy Bastard
Cheesy Bastard's picture

It is time for Barry and his statist minions to take responsibility, something they have never tried before.  Look on the chart where we are right now.

Fri, 06/03/2011 - 18:32 | 1337834 IdioTsincracY
IdioTsincracY's picture

The wonders of Tax Cuts magic:

http://www.youtube.com/watch?v=QcI3aAMnwPk

... then Save us, Save Us!!! ..... PLEAAAAAAAASE!!

http://www.youtube.com/watch?v=SWksEJQEYVU

Yep .... that was Obama ... right there ....

BTW: Fuck Obama too!! .... but he came in when it was too late!! ..... Georgie was the all-time best!

Fri, 06/03/2011 - 18:40 | 1337866 Cheesy Bastard
Cheesy Bastard's picture

Not gonna get sucked into the red team/blue team game.  Really, though, 3 minutes of Cramer emoting proves your point?  No.

 

http://www.youtube.com/watch?v=KDSFMY3ijcE&feature=related

Fri, 06/03/2011 - 18:44 | 1337879 IdioTsincracY
IdioTsincracY's picture

Of course it was just Cramer pleading for help ....

Fri, 06/03/2011 - 18:55 | 1337915 Cheesy Bastard
Cheesy Bastard's picture

Something about the consent of the governed.  (Still not playing Red v. Blue)

http://www.aei.org/docLib/EconomicCrisis-2010.pdf

Fri, 06/03/2011 - 19:06 | 1337942 IdioTsincracY
IdioTsincracY's picture

Not playing color games either ....

but the chart says it all ....

with the birth of Reaganomics all hell broke loose ...

with the exception of the dot.com period, it's a straight down line from the 80s ...

and they still preach tax cuts for the rich and wealth cut for the middle class ....

based on the past 30 years, I say ... awesome!!

Fri, 06/03/2011 - 20:31 | 1338090 nmewn
nmewn's picture

"and they still preach tax cuts for the rich and wealth cut for the middle class ...."

Ok...define rich.

Furthermore, explain how increasing taxes on anyone would result in the statists not just spending the increase and more as they always have.

Edit: I'm waiting...>>>define rich<<<.

Fri, 06/03/2011 - 21:49 | 1338391 Spastica Rex
Spastica Rex's picture

"Rich" is like "pornography."

Fri, 06/03/2011 - 22:28 | 1338462 nmewn
nmewn's picture

They prefer to hold the camera and make screaming, oooh & ahhh sounds.

Poor hapless fluffers ;-)

Fri, 06/03/2011 - 22:58 | 1338527 Cheesy Bastard
Cheesy Bastard's picture

Lol. These statist trolls definitely belong to the fluffers union.  Hey Hey Ho ho flaccidity has got to go.

Fri, 06/03/2011 - 23:33 | 1338612 Antarctico
Antarctico's picture

Poor hapless fluffers ;-)

Pity poor Mr. Floppy who just can't get more than a chubby on camera and is doomed to never be a featured player, forever dry humping one of the background hoes. ;D

Sat, 06/04/2011 - 00:00 | 1338673 blunderdog
blunderdog's picture

Third time, 'cause apparently you're slow on this:

"Rich" is the person whose standard of living cannot be affected by whether or not he WORKS.

This is what "rich" has ALWAYS meant.  You need to back away from the misguided concept that there's some kind of numeric definition: that's totally not how it works.

Sat, 06/04/2011 - 00:30 | 1338725 nmewn
nmewn's picture

So, this actually leaves out the so-called 250k crowd and all that political blather about them being the "rich"?

Thanks for the update blunderdog, I guess its all fucking blue skies now.

Sat, 06/04/2011 - 02:14 | 1338843 blunderdog
blunderdog's picture

Name the speaker: Politics is the entertainment branch of the military-industrial complex.

Wake up and start paying attention to what matters.  It certainly ain't those clowns in Congress and the White House.

As to whether it's all blue skies, hey: the sun will shine and the grass will grow even as the cancer eats your brain and bowels.

Sat, 06/04/2011 - 03:27 | 1338890 Ahmeexnal
Ahmeexnal's picture

Under your definition of Rich, a homeless junkie and an old baglady are fuckin billionaires!

Sat, 06/04/2011 - 11:58 | 1339229 blunderdog
blunderdog's picture

You're really not thinking it through.

Sat, 06/04/2011 - 08:47 | 1339025 nmewn
nmewn's picture

I'm wide ass awake and over being shocked.

Those clowns in the WH & Senate were put there for one reason and one reason only, to take from the productive to give to the unproductive. 

The government giving a loan to Fiat to help pay for Chrysler is a shell game, this is twice now Chrysler has pillaged the public Treasury (Lee Iacocca). Taxpayer subsidized windmills, yeah, that's the ticket...centuries old technology for a modern problem, plug a Prius into that Van Jones...LOL...Pelosi and her husband up to their eyeballs in it. Openly lie to the public on "shovel ready jobs" which is and was nothing but a federal government grant to government workers at the state level. Here's an idea, lets pass a law to reign in financial criminals led by their crony's...Dodd-Frank. Here's another one for you Doc, let's change the entire healthcare insurance system, by law, for 90% of the people in order to cover the 10% who don't even want it or can't afford it, fantastic.

But a hyper-active democracy combined with crony capitalism (which is fascism) has its drawbacks doesn't it?

"the sun will shine and the grass will grow even as" you look at the world through rose colored glasses blunderdog, calling the the sky pink and the grass blue...I'm more about cutting the cancer out of the body instead of letting it grow uninhibited.

Sat, 06/04/2011 - 12:03 | 1339234 blunderdog
blunderdog's picture

Yeah, hating Democrats is a huge help.  I thought you were going to be able to learn better, but it appears not.

Sat, 06/04/2011 - 12:36 | 1339275 nmewn
nmewn's picture

"Yeah, hating Democrats is a huge help." 

I used to be a Democrat. These people are not Democrats.

"I thought you were going to be able to learn better, but it appears not."

I'm supposed to be humbled right there right? Oddly I'm not.

By calling it as I see it?...a train wreck, that is in fact, a train wreck?  I thought you would have learned better as well instead of clinging to what is clearly not working nor has ever worked. So, you advocate sitting on your hands and watching the grass grow...fine.

Don't ask to borrow my lawnmower ;-)

Seeya

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