Conquer Club

Such a massive disparity in wealth makes me fear for my family's well-being.

Whoa, PD's back! THANK GODS.
I posted this video in an argument about minimum wage laws. Nobody cared. =(



Related news:

http://www.hangthebankers.com/anonymous ... formation/

Anonymous links BoA to domestic spying on private citizens, hackers, and activists.

Understanding Income Inequality
http://www.econlib.org/library/Topics/C ... ality.html

Are the Poor Getting Poorer?
http://www.youtube.com/watch?v=vDhcqua3_W8

Inequality of Wealth and Incomes (Mises)
http://mises.org/efandi/ch9.asp

The cause of the problem is actually very simple - the lack of FINANCIAL education that is provided by the educational system to the entire population. The top 1% prodigies are taught from a very early age the importance of saving money, investing, increasing your assets, and controlling your liabilities. They know how to make money work for them while the rest of us are working for the money. I spent 13 years in pre-university education (due to immigration I had to stay one year behind) and I did not learn the true meaning of the words "libilities" till I went to business school. Even after the 2008 fiasco so many people continue to think that their home is an asset! I hate to put the inequality issue onto the shoulders of teachers, who are a major victim in this issue, but they have got to start teaching practical knowledge (outside of trades) alongside the theoretical. If this will begin to happen, if the middle class kids have a similar financial education as the rich kids, then over the next few decades they will grab onto more of the wealth and eventually even out. Taxing the 1% higher is a very short term solution. They will adapt, they will find investments to walk around the taxes, and no matter how many times you re-write the tax code they will stay ahead of the game as long as the middle class remains financially uneducated. We have to learn, and teach our kids, how to play at their own game. If we can't join them (and we wont be able to no matter the legislation) then beat them.

Or all these gun nuts could actually do the sh*t they say they need their guns for.

AMIRITE, WORLD?

Juan_Bottom wrote:Or all these gun nuts could actually do the sh*t they say they need their guns for.

AMIRITE, WORLD?

So we kill off the 1% and divide their wealth how? Evenly? I dont' think so.

That only leads to one thing - anarchy

Lil_SlimShady wrote:

Juan_Bottom wrote:Or all these gun nuts could actually do the sh*t they say they need their guns for.

AMIRITE, WORLD?

So we kill off the 1% and divide their wealth how? Evenly? I dont' think so.

That only leads to one thing - anarchy

I guess you could ask post-Castro-takeover Cubans whether it works, though. I mean, basically, that's what the Cuban revolution was about.

(I'm not Cuban and not privy to the thoughts of those Cubans still in Cuba, but rumor has it that Castro's revolution simply changed "who's on top," and supposedly continues to use a little more force to ensure those currently on top stay there.)

Since I knew the information provided in the video, does that mean I already woke up?

I liked the music. Very ominous.

EDIT - Sorry, totally forgot - Welcome back pimpdave!

pimpdave, did you abandon us to occupy a park?

Is this why you are not around anymore?

Lil_SlimShady wrote:The cause of the problem is actually very simple - the lack of FINANCIAL education that is provided by the educational system to the entire population. The top 1% prodigies are taught from a very early age the importance of saving money, investing, increasing your assets, and controlling your liabilities. They know how to make money work for them while the rest of us are working for the money. I spent 13 years in pre-university education (due to immigration I had to stay one year behind) and I did not learn the true meaning of the words "libilities" till I went to business school. Even after the 2008 fiasco so many people continue to think that their home is an asset! I hate to put the inequality issue onto the shoulders of teachers, who are a major victim in this issue, but they have got to start teaching practical knowledge (outside of trades) alongside the theoretical. If this will begin to happen, if the middle class kids have a similar financial education as the rich kids, then over the next few decades they will grab onto more of the wealth and eventually even out. Taxing the 1% higher is a very short term solution. They will adapt, they will find investments to walk around the taxes, and no matter how many times you re-write the tax code they will stay ahead of the game as long as the middle class remains financially uneducated. We have to learn, and teach our kids, how to play at their own game. If we can't join them (and we wont be able to no matter the legislation) then beat them.

RE: education, I agree, but do most public and private schools offer such classes? Not sure.

BigBallinStalin wrote:

Lil_SlimShady wrote:The cause of the problem is actually very simple - the lack of FINANCIAL education that is provided by the educational system to the entire population. The top 1% prodigies are taught from a very early age the importance of saving money, investing, increasing your assets, and controlling your liabilities. They know how to make money work for them while the rest of us are working for the money. I spent 13 years in pre-university education (due to immigration I had to stay one year behind) and I did not learn the true meaning of the words "libilities" till I went to business school. Even after the 2008 fiasco so many people continue to think that their home is an asset! I hate to put the inequality issue onto the shoulders of teachers, who are a major victim in this issue, but they have got to start teaching practical knowledge (outside of trades) alongside the theoretical. If this will begin to happen, if the middle class kids have a similar financial education as the rich kids, then over the next few decades they will grab onto more of the wealth and eventually even out. Taxing the 1% higher is a very short term solution. They will adapt, they will find investments to walk around the taxes, and no matter how many times you re-write the tax code they will stay ahead of the game as long as the middle class remains financially uneducated. We have to learn, and teach our kids, how to play at their own game. If we can't join them (and we wont be able to no matter the legislation) then beat them.

RE: education, I agree, but do most public and private schools offer such classes? Not sure.

No! And that is the problem! What I am saying is that they should. The wealthy kids get educated by their parents, who are professionals in the matter. The middle class and poor kids should be educated, if not by professionals, than at least by academics. Make an introductory business course a requirement for high school graduation. If not a requirement, then at least an elective. My high school did not have any business electives outside of economics courses offered for Grade 12 students and into to econ is too objective to be of any use for a high school grad.

Edit: There is a "Personal Finances" class that I took during University that could be easily comprehended by any high school student who ever held a part time job. It was taught in the second year and did not contain too many in depth concepts. This sort of a class would be perfect as a part of a high school curriculum.

stahrgazer wrote:

Lil_SlimShady wrote:

Juan_Bottom wrote:Or all these gun nuts could actually do the sh*t they say they need their guns for.

AMIRITE, WORLD?

So we kill off the 1% and divide their wealth how? Evenly? I dont' think so.

That only leads to one thing - anarchy

I guess you could ask post-Castro-takeover Cubans whether it works, though. I mean, basically, that's what the Cuban revolution was about.

(I'm not Cuban and not privy to the thoughts of those Cubans still in Cuba, but rumor has it that Castro's revolution simply changed "who's on top," and supposedly continues to use a little more force to ensure those currently on top stay there.)

That's why Che left, because Castro was a power-hungry d*ck who didn't keep his promises.
And that's why I should be in charge this time. Ya'll can totally trust me.