Biden to Urge Federal Reserve to Take on Racial Wealth Gap

Discussion in 'Economics' started by Arnie, Jul 28, 2020.

  1. ElCubano

    ElCubano

    In your reply to piezoe you implied that we have high unemployment due to AI taking our jobs. Please show us data that indicates that’s why are current unemployment is what it is. Everything else you wrote above is deflection. You have no idea what party I belong to.
     
    Last edited: Jul 30, 2020
    #81     Jul 30, 2020
  2. Bugsy

    Bugsy

    Let me give you a lesson in life. Just because you perceive something to be something doesn't make it a fact. You say I implied AI was the reason for unemployment. No where in anything I stated did I ever state AI was the reason we have unemployment.

    Do you always use mental gymnastics in order to make a point? Lmao at deflection. Automation is a fact. Why don't use use data in order to prove your point that automation isn't in fact reducing jobs but is in fact creating more. Everything else you wrote is deflection. One doesn't need to be a rocket scientist to see you are a liberal. You make excuses for government intervention based on skin color and think government should be forcing businesses to pay higher wages. These are Liberal and Democrat talking points. Republicans don't virtue signal about race and bigger government.
     
    #82     Jul 30, 2020
  3. Cuddles

    Cuddles

    I'm a moderate. I can Google the newspaper of my choice and have immediate access, if I can't,I go to the dozens of competing search engines to Google. I can still go to the town square without the government stifling my speech.

    So I ask again, why are you so pro government on a non issues (free speech on private platforms) yet so anti government on a real issue (the diminishing earning power of Americans)?
     
    #83     Jul 30, 2020
  4. Bugsy

    Bugsy

    Oh, well since you do something a certain way that makes it settled science. Unfortunately, it doesn't. Science is against you. Yes, social media has the power to sway elections. It's actually pretty well documented, but here's an article for you. It's not only Google but tech giants in general. When you have Twitter and YouTube banning conservatives left and right, as well as their arguments, you are only allowing one sides viewpoints to be heard. Lol at non issue. Just because you disagree with science and have no care for election integrity doesn't make something a non issue. For a moderate your viewpoints are certainly slanted left.

    https://www.sciencemag.org/news/2016/10/could-google-influence-presidential-election

    https://www.judiciary.senate.gov/download/epstein-testimony
     
    #84     Jul 30, 2020
  5. Cuddles

    Cuddles

    So now it's "science"? Can you stop pivoting from topic to topic? It's impossible to have an educated conversation otherwise.

    Let me ask you this, are you in favor of a pro business SCOTUS that grants corporations the power you rail against through decisions such as citizens untied? After all, money is free speech, and Google is free to allocate their resources as they see fit to help the candidate of their choice.

    Nevermind the whole private property bit on the constitution
     
    #85     Jul 30, 2020
  6. ElCubano

    ElCubano

    Re Read my posts and take a page out of the life lesson you gave me. Thanks for taking time to share your thoughts.

    "Just because you perceive something to be something doesn't make it a fact."
     
    #86     Jul 30, 2020
  7. Tsing Tao

    Tsing Tao

    Alright, lets do it. A simple P&L of a restaurant. I just put it into Excel. Here you go. Free free to challenge any of the costs. This is Piezoe's Bistro located on the corner of "Fantasy Land Dr." and "Liberal Utopia Pl." Try the Foie Gras. Its to die for.

    upload_2020-7-30_9-51-18.png

    An eatery with 20 staff that are paid hourly, at $7.10 an hour. You want to give them $15 an hour. Lets assume for easy math they work 160 hours a month (40 a week and its a 4 week month, again for easy calcs). Assuming FICA impact and SS, and a rather small state pay of 3%. The resulting pay raise takes our razor thin margin of 6.4% and completely puts us in the Red. Now, how much of this is gotten back by pricing and through other methods? I await your enlightenment.
     
    #87     Jul 30, 2020
  8. smallfil

    smallfil

    Look at China who is lauded as the best country by extreme liberals with a booming economy and has on paper continued to grow beyond one's dream. Anyone believe that fairy tale? ET trolls probably. China pays a lot of its workers the grand sum of $3 per day. They are happy with that because they are able to buy food to eat and maybe, have some monies left over to buy necessities like shampoo, soap or toothpaste. Now, do you seriously, believe the wealth gap in China is going to be narrowed in any way, shape or form? Communism never brings anyone up on the economic ladder except, for their leaders who own all the businesses. In the US, you can be anyone you wish to be and be filthy rich if you choose so. Now, what separates those who are successful and those who are failures is effort. Jessica Simpson and Kylie Jenner are both billionaires because of their hard work in putting up businesses that rewarded their efforts. In contrast, you have lazy slugs who get welfare all their lives and demand more handouts but, still mired in poverty? So, whose fault is it? The lazy slugs who refuse to work and make something of themselves or those that worked their asses off and became filthy rich in the process?
     
    #88     Jul 30, 2020
  9. bone

    bone

    So the candidate whose signature political career move was jailing a disproportionate number of black Americans through his crime legislation, and then ripping their faces off with 25% credit card interest rates and stricter bankruptcy laws skewed towards shielding high interest credit lenders - now wants to pander. I will never really be able to relate to the political mind.
     
    Last edited: Jul 30, 2020
    #89     Jul 30, 2020
  10. Corky5

    Corky5

    Lazy slugs will always be lazy slugs and continue to make excuses. Let them move somewhere else and i mean to another country that accepts lazy slugs.
    As for blacks in prison, the overwhelming majority are in for violent crimes and serious drug offenses which have nothing to do with biased laws but everything to do with violent behavior and irresposnsible decision making. They are not in prison for minor drug offenses, thats a total lie.
     
    #90     Jul 30, 2020
    smallfil likes this.