tag:blogger.com,1999:blog-2222630007427380394.post1810190512441640112..comments2023-12-20T04:18:41.617-06:00Comments on The Hunting of the Snark: Zombie LiesSusan of Texashttp://www.blogger.com/profile/00076915322771385454noreply@blogger.comBlogger13125tag:blogger.com,1999:blog-2222630007427380394.post-39967716749022396972011-10-23T07:03:00.889-05:002011-10-23T07:03:00.889-05:00why does she admit these things
Because she canno...<i>why does she admit these things</i><br /><br />Because she cannot conceive of a world in which she and her needs are not front and center all the time.cynichttps://www.blogger.com/profile/02438583188725326668noreply@blogger.comtag:blogger.com,1999:blog-2222630007427380394.post-24517399871421187462011-10-23T06:51:31.733-05:002011-10-23T06:51:31.733-05:00"Why does she admit these things??"
Mor..."Why does she admit these things??"<br /><br />More importantly, who cares?<br /><br />Also, too, imagine Kthuglu writing that paragraph.<br /><br />-awsAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2222630007427380394.post-68268791691517310572011-10-22T17:06:15.442-05:002011-10-22T17:06:15.442-05:00It's amazing that she will go so far to tongue...It's amazing that she will go so far to tongue bathe the rich. I've never understood it. <br /><br />Also: <br /><br /><i>A couple of weeks ago, I lost my debit card. Well, "lost" is a strong word. I'm sure it's somewhere in my house, but since I don't know where it is in my house, and I kind of need a debit card, I had to go into the bank yesterday and ask for a replacement.</i> <br /><br />Why does she admit these things??Susan of Texashttps://www.blogger.com/profile/00076915322771385454noreply@blogger.comtag:blogger.com,1999:blog-2222630007427380394.post-29441556638274256612011-10-22T16:06:38.709-05:002011-10-22T16:06:38.709-05:00Oh, but it's more insidious than that, Susan.
...Oh, but it's more insidious than that, Susan.<br /><br />Note that while she starts talking about earned income when she wants to discount the OWS point about wealth, she also talks about income when she wants to give the impression that the wealthy are hit harder by recession than are the poors.<br /><br />She knows perfectly well that income =/= earned income =/= wealth. She also knows that the income tax rates under discussion are those on <i>earned</i> income, not interest income on accumulated wealth or capital gains on stocks. It's in the interest of her paymasters for her to elide the differences.zuzunoreply@blogger.comtag:blogger.com,1999:blog-2222630007427380394.post-53047695588667484302011-10-22T15:48:15.443-05:002011-10-22T15:48:15.443-05:00"I don't like using credit cards; they ma...<i>"I don't like using credit cards; they make it easier to spend too much, and harder to track our net worth."</i><br /><br />Economics Editor.atatnoreply@blogger.comtag:blogger.com,1999:blog-2222630007427380394.post-56918153502489425942011-10-22T10:31:26.005-05:002011-10-22T10:31:26.005-05:00it gets better.
in the current post she is pissed...it gets better.<br /><br />in the current post she is pissed at durbin because aadvantage cancelled her debit card and she lost all her miles and has to fly coach with her long legs and bad back dontcha know?cynichttps://www.blogger.com/profile/02438583188725326668noreply@blogger.comtag:blogger.com,1999:blog-2222630007427380394.post-41692565647113889262011-10-22T10:15:07.702-05:002011-10-22T10:15:07.702-05:00She is utterly shameless. There's no other wo...She is utterly shameless. There's no other word for it. In another life she would have been some kind of scribe, paid to proclaim the divinity of pharaoh.Lurking Canadiannoreply@blogger.comtag:blogger.com,1999:blog-2222630007427380394.post-63048435857369162762011-10-21T23:02:58.913-05:002011-10-21T23:02:58.913-05:00Nice Susan, but I don't think you even scratch...Nice Susan, but I don't think you even scratch the surface of how ludicrous McCardle's claims are here. <br />She says:<br /><br />"The massive, decades-long data set assembled by Piketty and Saez seems to show that income inequality falls during recessions, and particularly during prolonged crises. Crises destroy capital, and top incomes tend to be more tightly linked to capital than those of average workers<br />Note that this is not an argument about who suffers more during a recession; it is self-evident that a worker who loses a third of their $20,000 annual paycheck is much worse off than an owner who loses two thirds of their $500,000 annual draw. But the measured gap between their incomes will still shrink dramatically.<br /><br />"hat's why I was surprised, two years ago, when census data seemed to show that income inequality had continued rising. However, I filed it under "maybe this time is different" and didn't really revisit the subject."<br /><br />Now it gets somewhat difficult to follow her logic here, because her writing a bit unclear. What I understand is that she's sating that she always assumed that inequality will FALL during a recession because although the working class may lose there job, they can quickly get a new one and make up for their lost productivity/earning. However, the owners, or b/c this is McCardle, the Galtian class, has to take longer to get back on their feet because they had the responsibilities of shutting down a plant/workplace and building up another one from scratch.<br /><br />That's ludicrous! And as she later admits, to her surprise, her assumption is untrue, and really the wring class are the ones who lose their wealth/suffer, who the Galtian upperclass elites, far from getting soaked, are often rewarded with golden parachutes.<br /><br />If this is what she's saying, then it's hard to justify why she is writing about economics in anything other than a homemade fanzine/high school newspaper.Ufotofu9https://www.blogger.com/profile/12211994492168099117noreply@blogger.comtag:blogger.com,1999:blog-2222630007427380394.post-35609022666395054872011-10-21T22:46:50.076-05:002011-10-21T22:46:50.076-05:00Pitchforks.
I note that it is "finance, corp...Pitchforks.<br /><br />I note that it is "finance, corporations, and lawyers, who drive a lot of the top income." (Um, by corporations I think she means investors.) Which means that the top income is going to useless parasites who do nothing to benefit society. At best, in their own terms, they allocate resources in order to facilitate the work of others who might, indirectly while working to maximize their own profit, benefit society. So, screw 'em.<br /><br />Hell with pitchforks, let's go straight to the guillotines.Petehttps://www.blogger.com/profile/03830774223073462725noreply@blogger.comtag:blogger.com,1999:blog-2222630007427380394.post-6594938446357187502011-10-21T18:11:21.057-05:002011-10-21T18:11:21.057-05:00The bankers wallstreeters and various MOTUs have b...The bankers wallstreeters and various MOTUs have been planning to return the World to the "gilded age" ever since the New Deal. They focused on their goal, using any an all methods -including racism, religious mania and hate TV-Radio- to achieve their goal.<br /><br />It looks like they're succeeding. <br /><br />Too bad none of them seem to have given any thought to the <i>consequences</i> of their succeeding. Just as they can't foresee that outsourcing manufacturing jobs would cause their customer base to shrink. That having the Fed Gov subsidize Oil and other fossil fuel costs to the American people would cause enormous pollution, rage and war in the Mid-East, and a speed-up of our running out of those resources.<br /><br />Greed and stupidity really do seem to go together.Kathyhttps://www.blogger.com/profile/03176801494652946278noreply@blogger.comtag:blogger.com,1999:blog-2222630007427380394.post-49208020371206174292011-10-21T17:12:56.993-05:002011-10-21T17:12:56.993-05:00This classic bit of idiocy deserves to be quoted i...This classic bit of idiocy deserves to be quoted in full:<br /><br /><i>"There's an obvious caveat: 2009 was a very bad year for finance, corporations, and lawyers, who drive a lot of the top income. Probably 2010 and 2011 weren't so bad, so these results may well rebound considerably when the data are in. (They also may not; I just don't know.)"</i>atatnoreply@blogger.comtag:blogger.com,1999:blog-2222630007427380394.post-16069994123448251282011-10-21T16:07:05.570-05:002011-10-21T16:07:05.570-05:00We can't really know if we should punch the ma...We can't really know if we should punch the man who wants granny to eat cat food. Instead we should shine his shoes.Substance McGravitashttps://www.blogger.com/profile/04118764163822188800noreply@blogger.comtag:blogger.com,1999:blog-2222630007427380394.post-41437890004751864192011-10-21T15:44:11.653-05:002011-10-21T15:44:11.653-05:00Tax rates are a part of rising inequality. Union b...Tax rates are a part of rising inequality. Union busting, layoffs, outsourcing, the out of control system by which managers set their own compensation & the growth of the monster financial companies are bigger parts.<br /><br />Megan's main line of bull is that it "just happened". Watching OWS take on the whole plutocracy, and state the obvious, that it IS deliberate, must be like the Bat Signal to Megs.Downpuppyhttps://www.blogger.com/profile/10312490198813632190noreply@blogger.com