On Nov 15, 9:36 am, "Kyle T. Jones"
<onexpadREM...@EVOMERyahoodotyouknow.com> wrote:
> You're confused about the significance of rising income inequality. You
> have decided to accept the conclusions of a run of the mill Cato hit
> piece over the considered opinions of a large majority of the economists
> on the planet.
And you're confused about logic. See, you keep mentioning a single
economic fact - rising income inequality - as if the mere mention of
it proves something. I disagree and provided sources that say it's a
meaningless measure, two of them actually, one, the Economist, a self
described "liberal" journal, and the other Cato from the right. Since
you postulate that rising income inequality is by itself an important
economic indicator, the onus is on you to prove its significance. The
onus isn't on me to disprove every numskullery spouted by some dope on
the internets. And since your vague appeal to authority - "the
considered opinions of a large majority of the economists on the
planet," good grief - is unavailing, you can try again or you can
plonk off with your tail between your legs.
>
> >> Your Cato piece is bonkers and rests its case on this proposition:
>
> > A, I don't for a second believe you read the entire 28 page Cato
> > Institute paper, and I tend to doubt that you could understand it if
> > you did. In any event you're B. talking out your ass, because the
> > quote below isn't even by the authors, its from Freakonomics, which
> > the authors quote in passing, which you might have noticed if you'd
> > scrolled through a tad slower.
>
> You want to make a big deal here with the hand-waving...
I have no idea what that means. Why not try some of those acronyms and
winkies usenet spanktards such as yourself find so devastating. AYB.
ROFLMAO! :)))))
>
>
>
> >> "When people talk about inequality,they tend to focus exclusively on the
> >> income part of the equation. According to all our measures, the gap in
> >> income between the rich and the poor has been growing. What Broda and
> >> Romalis quite convincingly demonstrate, however, is that the prices of
> >> goods that poor people tend to consume have fallen sharply relative to
> >> the prices of goods that rich people consume."
>
> >> How about stuff that normal people - you know, the middle class -
> >> consumes? I'm betting the prices there haven't "fallen sharply".
>
> > Your strawman lacks a brain.
>
> because you cannot dispute that the Cato piece rests it's case on this
> proposition - that goods poor folks consume have gotten cheaper, so
> growing income inequality is a non-issue.
Good grief muttonhead, you pulled a quote from page 8 of a 30 page
article you didn't read, which quote is not even written by the
authors, claim that the entire article rests on that proposition,
pronounce the article "bonkers" (I assume thats an economic term of
art) and I'm supposed to disprove that bald assertion? Fine. You're
wrong and it doesn't. Thus is your hypothesis disproved. And you
cannot dispute that your hypothesis is disproved, because not only do
I gainsay it but the considered opinion of a majority of gainsayers on
the planet is in agreement with mine including those in China, North
Korea, and Equador.
>
> Which seems about as smrat as you.
>
>
>
>
>
>
>
> >> So, like, next. All I have on my side is the US, Canada, China, most of
> >> Europe, Australia - all places that coupled a growing % of the pie for
> >> the middle relative to the top with boomtimey economies.
>
> > The best that can be said of this is that it's a confused
> > nonsequitur.
>
> >> Plus, I believe in meritocracy and fighting the transgenerational
> >> transmission of wealth. Deep down, in my loins, I just know it's the
> >> right thing to do.
>
> > Yes exactly. You "believe" something and you just know that deep down
> > that what you believe in is right. That's exactly how my grandmother
> > explained the Holy Ghost to me. Like her you're impervious to logic,
> > facts, and reasoning. Of course she didn't have China, Australia and
> > most of Europe on her side, so you have a leg up.
>
> You seem extremely poorly informed, so didn't catch the reference I was
> making as a joke. Perhaps reading outside of Cato once in a great while?
I got your reference. I thought it innane so ignored it and instead
related a brief monkeyshine about my sainted grandmother and the
Pentacost. Ironically her name was Goldwater. Sounded suspiciously
Jewish to me but she had no reason to lie. Anyway, I assume from the
fact that you did not catch my reference to the election of 1964 - in
his heart you know he's right - that you hate the Baby Jesus. I do
not, although I reject His claim to divinity, preferring to think of
Him as precocious.