http://www.tmz.com/2016/07/25/michael-jordan-donating-2-million/

It took 30 years, but MJ has finally stepped his Jordan sneakers into the social arena. I believe his presence and voice in the community will be far more effective than throwing dollars at the issue, but at least its a start.

WaltLongmire wrote:

newyorknewyork wrote:

Is there a date for this.

One of the greatest failed theory is trickle down economics. It simply does not work because profits go to top executives and "reinvestment" is frequently done overseas on the backs of an exploited working class.

Boggles the mind that this theory has traction, still, and the sad thing is that the 1% manages to create conflict between groups of people who should be working together to get a larger piece of the pie.

Reminds you of what the wealthy Southern whites did after the Civil war to pit poor whites vs freed slaves. Today you see folks use religion and nationalism to do it in this country.

And this is not communism, akrud...its called a living wage, fairness, and economic balance.

One of the greatest failed theories is Marxism and your generalizations about redistribution, worker exploitation and class conflicts is straight out of a Marxist handbook. Marxism and its cousins like Leninism and Maoism have been discredited and failed where applied and capitalism despite inherent weaknesses has proven to be far more efficient at producing and delivering goods and services and creating the greatest good for the greatest number of people. America has it's roots in a free market economy where individuals pursue their economics interests with little interference from government. That ideal has evolved with the rise of large corporations and progressive policies over the years but America is still considered the land of opportunity despite those changes because it has delivered good standard of livings for more than less. You don't get economic balance and fairness by Marxism, you simply get widespread mediocrity. That may appeal to some but it doesn't appeal to those who wish to achieve more. Immigrants don't come here for our welfare state but the opportunity to establish better lives for their families through effort, responsibility and education. I'm 2nd gen from a Scandinavian country, nice to hear how my forefathers have it all figured out but my parents moved here for a reason. Trickle down economics? Overused term when discussing tax rates and supply side economics. Fact is we have a graduated tax system in place that already redistributes, and the Laffer curve has shown that changes down or up impact the overall economy one way or another within a defined range, meanwhile President Obama has used Keynesian tools throughout his term. Capitalism is far from imperfect, it's prone to excesses and bubbles as the last recession shows but to throw out the baby with the bath water is just faulty

meloanyk wrote:

WaltLongmire wrote:

newyorknewyork wrote:

Is there a date for this.

One of the greatest failed theory is trickle down economics. It simply does not work because profits go to top executives and "reinvestment" is frequently done overseas on the backs of an exploited working class.

Boggles the mind that this theory has traction, still, and the sad thing is that the 1% manages to create conflict between groups of people who should be working together to get a larger piece of the pie.

Reminds you of what the wealthy Southern whites did after the Civil war to pit poor whites vs freed slaves. Today you see folks use religion and nationalism to do it in this country.

And this is not communism, akrud...its called a living wage, fairness, and economic balance.

One of the greatest failed theories is Marxism and your generalizations about redistribution, worker exploitation and class conflicts is straight out of a Marxist handbook. Marxism and its cousins like Leninism and Maoism have been discredited and failed where applied and capitalism despite inherent weaknesses has proven to be far more efficient at producing and delivering goods and services and creating the greatest good for the greatest number of people. America has it's roots in a free market economy where individuals pursue their economics interests with little interference from government. That ideal has evolved with the rise of large corporations and progressive policies over the years but America is still considered the land of opportunity despite those changes because it has delivered good standard of livings for more than less. You don't get economic balance and fairness by Marxism, you simply get widespread mediocrity. That may appeal to some but it doesn't appeal to those who wish to achieve more. Immigrants don't come here for our welfare state but the opportunity to establish better lives for their families through effort, responsibility and education. I'm 2nd gen from a Scandinavian country, nice to hear how my forefathers have it all figured out but my parents moved here for a reason. Trickle down economics? Overused term when discussing tax rates and supply side economics. Fact is we have a graduated tax system in place that already redistributes, and the Laffer curve has shown that changes down or up impact the overall economy one way or another within a defined range, meanwhile President Obama has used Keynesian tools throughout his term. Capitalism is far from imperfect, it's prone to excesses and bubbles as the last recession shows but to throw out the baby with the bath water is just faulty

I think you are taking it to the extremes as no one suggested or endorsed Marxism or Leninism...There are lots in room within Capitalism which doesn't include triple down theory. The growing problem today is the income gap. The middle class don't have the buying power it had a decade ago following the recession. The US economy drives global consumption. Cutting taxes for the wealthy won't drive consumption or create jobs. It's a myth...

But it's not an easy problem to solve. More machines are just doing things that humans were doing cheaper, and more efficiently. And it will continue..

holfresh wrote:

meloanyk wrote:

WaltLongmire wrote:

newyorknewyork wrote:

Is there a date for this.

One of the greatest failed theory is trickle down economics. It simply does not work because profits go to top executives and "reinvestment" is frequently done overseas on the backs of an exploited working class.

Boggles the mind that this theory has traction, still, and the sad thing is that the 1% manages to create conflict between groups of people who should be working together to get a larger piece of the pie.

Reminds you of what the wealthy Southern whites did after the Civil war to pit poor whites vs freed slaves. Today you see folks use religion and nationalism to do it in this country.

And this is not communism, akrud...its called a living wage, fairness, and economic balance.

One of the greatest failed theories is Marxism and your generalizations about redistribution, worker exploitation and class conflicts is straight out of a Marxist handbook. Marxism and its cousins like Leninism and Maoism have been discredited and failed where applied and capitalism despite inherent weaknesses has proven to be far more efficient at producing and delivering goods and services and creating the greatest good for the greatest number of people. America has it's roots in a free market economy where individuals pursue their economics interests with little interference from government. That ideal has evolved with the rise of large corporations and progressive policies over the years but America is still considered the land of opportunity despite those changes because it has delivered good standard of livings for more than less. You don't get economic balance and fairness by Marxism, you simply get widespread mediocrity. That may appeal to some but it doesn't appeal to those who wish to achieve more. Immigrants don't come here for our welfare state but the opportunity to establish better lives for their families through effort, responsibility and education. I'm 2nd gen from a Scandinavian country, nice to hear how my forefathers have it all figured out but my parents moved here for a reason. Trickle down economics? Overused term when discussing tax rates and supply side economics. Fact is we have a graduated tax system in place that already redistributes, and the Laffer curve has shown that changes down or up impact the overall economy one way or another within a defined range, meanwhile President Obama has used Keynesian tools throughout his term. Capitalism is far from imperfect, it's prone to excesses and bubbles as the last recession shows but to throw out the baby with the bath water is just faulty

I think you are taking it to the extremes as no one suggested or endorsed Marxism or Leninism...There are lots in room within Capitalism which doesn't include triple down theory. The growing problem today is the income gap. The middle class don't have the buying power it had a decade ago following the recession. The US economy drives global consumption. Cutting taxes for the wealthy won't drive consumption or create jobs. It's a myth...

But it's not an easy problem to solve. More machines are just doing things that humans were doing cheaper, and more efficiently. And it will continue..

Describe how capitalism can resolve the income gap? Very curious. If not capitalism, socialism etc. What are you proposing? Redistribution of wealth is immediately labeled socialism or Marxism as shown here by Meloanyk, Without redistribution the income gap persists and will continue to widen. So what is the solution? Also while you are at it, how does the US economy drive global consumption?

Also it seems like ever since 1970s the income gap has widened steadily - it may have had reversal or two during the recessions (Dot com and Housing) but during those times capital gains declines are enormous so a sharp drop off followed by a equally sharp recovery can be expected. Isn't this what they called the divergence? In fact if you want to look for single trigger event, then overturn of Bretton Woods and the onset of the FIRE economy almost coincides with the onset of the great divergence. If you agree capitalism has been in force since the seventies then it has definitely widened the income gap. If you look at other capitalist countries they bear out the same story the income and wealth inequality is palpable and resulted in crises in human terms. The price for capitalism is being paid by the lives of people living and dying in starvation and destitution.

GoNyGoNyGo wrote:

meloshouldgo wrote:I am fully aware we import more than we export.If you meant to say American consumption drives Global economy then I would actually agree with you. Though the Chinese are doing more than their fair share as well.

Also it seems like ever since 1970s the income gap has widened steadily - it may have had reversal or two during the recessions (Dot com and Housing) but during those times capital gains declines are enormous so a sharp drop off followed by a equally sharp recovery can be expected. Isn't this what they called the divergence? In fact if you want to look for single trigger even then overturn of Bretton Woods and the onset of the FIRE economy almost coincides with the onset of the great divergence. If you agree capitalism has been in force since the seventies then it has definitely widened the income gap. If you look at other democracies they bear out the same story the income and wealth inequality is palpable and resulted in crises in human terms. The price for capitalism is being paid by the lives of people living and dying in starvation and destitution.

Tell the people of progressive nations like Venezuela, Russia and Cuba how bad it is here. They would do anything to come. People still do.

It is scary that this is being taught here and believed. History shows the destruction of freedom and lives that comes about from societies that redistribute and use the ideas of socialism and Marxism.

Exactly what in my post referred to socialism and Marxism? I was trying to have a conversion with Holfresh. If you can't add to it them try not to subtract from it.

http://www.newsday.com/sports/basketball/knicks/carmelo-anthony-brings-athletes-police-community-together-in-l-a-1.12090949

"... Now he's a fellow warrior."

GoNyGoNyGo wrote:

meloshouldgo wrote:

GoNyGoNyGo wrote:

meloshouldgo wrote:I am fully aware we import more than we export.If you meant to say American consumption drives Global economy then I would actually agree with you. Though the Chinese are doing more than their fair share as well.

Also it seems like ever since 1970s the income gap has widened steadily - it may have had reversal or two during the recessions (Dot com and Housing) but during those times capital gains declines are enormous so a sharp drop off followed by a equally sharp recovery can be expected. Isn't this what they called the divergence? In fact if you want to look for single trigger even then overturn of Bretton Woods and the onset of the FIRE economy almost coincides with the onset of the great divergence. If you agree capitalism has been in force since the seventies then it has definitely widened the income gap. If you look at other democracies they bear out the same story the income and wealth inequality is palpable and resulted in crises in human terms. The price for capitalism is being paid by the lives of people living and dying in starvation and destitution.

Tell the people of progressive nations like Venezuela, Russia and Cuba how bad it is here. They would do anything to come. People still do.

It is scary that this is being taught here and believed. History shows the destruction of freedom and lives that comes about from societies that redistribute and use the ideas of socialism and Marxism.

Exactly what in my post referred to socialism and Marxism? I was trying to have a conversion with Holfresh. If you can't add to it them try not to subtract from it.

Highlighted part. Being poor in this country is being lavishly rich in most socialist countries where starvation and death actually take place.

This is a forum, if you would like to have a private conversation, email directly.

Did you read the sentence immediately preceding the one you highlighted? I was talking about other countries that have used capitalism. Go lookup Bangladesh and India and poverty leveks over there. Why is it that you throw out every country that has "attempted" socialism and then limit your reading comprehension of all comments about capitalism to the US?

meloshouldgo wrote:I am fully aware we import more than we export.If you meant to say American consumption drives Global economy then I would actually agree with you. Though the Chinese are doing more than their fair share as well.

Also it seems like ever since 1970s the income gap has widened steadily - it may have had reversal or two during the recessions (Dot com and Housing) but during those times capital gains declines are enormous so a sharp drop off followed by a equally sharp recovery can be expected. Isn't this what they called the divergence? In fact if you want to look for single trigger event, then overturn of Bretton Woods and the onset of the FIRE economy almost coincides with the onset of the great divergence. If you agree capitalism has been in force since the seventies then it has definitely widened the income gap. If you look at other capitalist countries they bear out the same story the income and wealth inequality is palpable and resulted in crises in human terms. The price for capitalism is being paid by the lives of people living and dying in starvation and destitution.

You are right about American consumption drives Global economy..I worded my sentence incorrectly...One of the main reasons for the income gap is the increase of asset prices along with housing values..More wealth were created in the mid 80s to late 80s when good old Ronnie cut taxes and blew out the deficit. The Dow really started to get rolling in the 90s.. I don't have a problem with these things...What I have a problem with are the things that further exacerbates the income gap and further squeezing the little guy...For example, do banks really have to charge 30% interest on a credit card along with the nickle and dime fees at every turn...$3.00 to withdraw money from another branch. Mobile phone service with phantom fees which ATT had to pay a massive fine...Auto renewal of Norton antivirus protection cost people 10s of millions..It's stuff like that....We are forced to bundle TV package... You mean Apple cant pay it's workers at least $25/30 per hour while hoarding 233 billion with no clue what to do with it...It's the pile on charges that can make a difference in consumer spending. The starvation and destitution argument I don't get.