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Trickle Down "Gradenomics"
 

Midas Mulligan Magoo's picture
 
Points)
 on 4/29/11 at 12:00pm
rweq

Here is a video that takes an alternative perspective on the tax redistribution debate. Though the premise is highly simplified and biased in its own way, it does say a lot about the cloud of confusion much of America's future walks on.

P.S. Dude with the chops...BB material?

Where I unload on Twits and take verbal S***s
Tags:

Comments

TwoFloors's picture

Already posted this back on

IB
 
Points)
 on 4/29/11 at 12:10pm

Already posted this back on Monday. here's the link to the thread: http://www.wallstreetoasis.com/forums/gpa-vstax-cuts

Nobama88's picture

Here you go Midas. New one

RE
(King Kong, 1,676
 
Points)
 on 4/29/11 at 12:29pm

Here you go Midas.

New one about the National Debt @ Berkley from the same kids:

http://www.youtube.com/watch?v=4rDahs4cmuc&feature...

Need to Land a Job? Click Here.

mongoose's picture

I was presenting arguments

O
(King Kong, 1,029
 
Points)
 on 4/29/11 at 12:31pm

I was presenting arguments against Government run Health Care for my term presentation for my Microeconomics class. My Liberal teacher basically told me that whatever I said were not "fact-based" and I will probably end up getting a bad grade for this course.

I am so mad at Liberals right now.

Anyone have any solid ideas against Government run health care?

Nobama88's picture

I got in an argument with a

RE
(King Kong, 1,676
 
Points)
 on 4/29/11 at 12:38pm

I got in an argument with a Liberal English teacher once. I forget what it was about, but the guy told me I was a moron and threw me out of the class for the day. The very next day I went and pulled the facts and threw it on his desk in the middle of that class period.

Need to Land a Job? Click Here.

awm55's picture

JamesHetfield wrote: I was

ST
 
Points)
 on 4/29/11 at 1:06pm
JamesHetfield:

I was presenting arguments against Government run Health Care for my term presentation for my Microeconomics class. My Liberal teacher basically told me that whatever I said were not "fact-based" and I will probably end up getting a bad grade for this course.

I am so mad at Liberals right now.

Anyone have any solid ideas against Government run health care?

The problem with the Republican argument against Obama care is that their alternative is to give $15,000 to seniors for them to go out and buy their own health insurance. The problem is no one is going to insure a retired 70 year old, and when that 15k runs out they are shit out of luck. This is a clip from Bill Maher, I know the show is bias, but they were discussing the issue with Michael Steel and he literally could not respond because the Republicans have no fucking clue what to do about it. Watch minutes 3-6.

http://www.youtube.com/watch?v=iAINcFgagN0

eokpar02's picture

Comparing grades to income is

EN
 
Points)
 on 4/29/11 at 1:20pm

Comparing grades to income is stupid. Grades are a function of ease of classes and work ethic. Income is more of a function of where you live and what field you work in. A marine in Afghanistan works a far harder job than a New York City call girl, yet the call girl will make several times what the marine will make; does the call girl work harder? The very fact that the WSO's resident writer can post this with the implication that Income is related to GPA shows how delusional certain people are.

I am not cocky, I am confident, and when you tell me I am the best it is a compliment.
-Styles P

San Ford's picture

Although I am not in support

CF
 
Points)
 on 4/29/11 at 1:32pm

Although I am not in support of increased tax on the wealthy (fair tax, baby..), their example isn't perfectly analagous. GPA basis points are not liquid; currency is. While one could argue there is value in GPA increases, that value is hardly tangible, especially compared to cash.

luccabananas's picture

I found it hilarious when the

IB
 
Points)
 on 4/29/11 at 1:34pm

I found it hilarious when the girl in the Berkeley video proposed to raise the corporate tax rate. Does she not know the United States has one of the highest rates already?

Status_Quo's picture

Interesting videos

 
Points)
 on 4/29/11 at 1:52pm

Interesting videos

cartman's picture

awm55 wrote: JamesHetfield

IB
 
Points)
 on 4/29/11 at 3:15pm
awm55:
JamesHetfield:

I was presenting arguments against Government run Health Care for my term presentation for my Microeconomics class. My Liberal teacher basically told me that whatever I said were not "fact-based" and I will probably end up getting a bad grade for this course.

I am so mad at Liberals right now.

Anyone have any solid ideas against Government run health care?

The problem with the Republican argument against Obama care is that their alternative is to give $15,000 to seniors for them to go out and buy their own health insurance. The problem is no one is going to insure a retired 70 year old, and when that 15k runs out they are shit out of luck. This is a clip from Bill Maher, I know the show is bias, but they were discussing the issue with Michael Steel and he literally could not respond because the Republicans have no fucking clue what to do about it. Watch minutes 3-6.

http://www.youtube.com/watch?v=iAINcFgagN0

I'm not going to pretend to know a lot about Obamacare alternatives, but Michael Steele is kind of a moron.

veritas14's picture

eokpar02 wrote: Comparing

ST
(Gorilla, 662
 
Points)
 on 4/29/11 at 3:17pm
eokpar02:

Comparing grades to income is stupid. Grades are a function of ease of classes and work ethic. Income is more of a function of where you live and what field you work in. A marine in Afghanistan works a far harder job than a New York City call girl, yet the call girl will make several times what the marine will make; does the call girl work harder? The very fact that the WSO's resident writer can post this with the implication that Income is related to GPA shows how delusional certain people are.

Wages aren't a function of effort or "working hard" Wages (the cost of labor) is set by: PRODUCTIVITY & COMPETITION.

Productivity: How much revenue can you generate? How much waste can you eliminate? Are you the lowest cost provider? Are you the highest quality provider?

Competition: How many peer companies desire your production? How many alternative uses exist for your skills?

*********************************
“The American father is never seen in London. He passes his life entirely in Wall Street and communicates with his family once a month by means of a telegram in cipher.” - Oscar Wilde

awm55's picture

Is anyone missing the simple

ST
 
Points)
 on 4/29/11 at 4:18pm

Is anyone missing the simple fact that people can survive without GPA points, but that without at least a moderate level of redistribution you would be condemning a huge proportion of the population to homelessness and starvation?

leveRAGE.'s picture

awm55 wrote: Is anyone

ST
(King Kong, 1,161
 
Points)
 on 4/29/11 at 4:40pm
awm55:

Is anyone missing the simple fact that people can survive without GPA points, but that without at least a moderate level of redistribution you would be condemning a huge proportion of the population to homelessness and starvation?

What about people who fail out of school for a lack of gpa points?

junkbondswap's picture

eokpar02, you're argument is

(King Kong, 1,724
 
Points)
 on 4/29/11 at 4:56pm

eokpar02, you're argument is retarded and does nothing to disprove the GPA/income analogy. How can you look beyond the simple premise that what you work hard for (grades or income) should not be excessively distributed to people who are unwilling to work as hard. Who are you to argue that a marine works harder than a call girl? Sure, the battlefield is arguably more dangerous (although you could argue that sleeping with sketchy men could lead to precarious situations (i.e. STDs, murder/abuse, loss of self-worth, etc.) but prostitution is the oldest profession for a reason and one of the best analogies for capitalism (supplyinh a service that meets a demand for a profit).

awm55,

Why do you liberals always have to be so literal. Sure, you cant eat or live on your GPA but the premise of rewarding hard work and sacrifice is the same. No one is arguing against a moderate level of redistribution but what you liberals want is an excessive amount and a pound of flesh.

The purpose of the government and its social programs is to provide a safety net for those individuals who persistently try to improve their situations but may falter. The purpose is not create a system of incentives that rewards lazy idiots who thought it was better to skip class to smoke weed and buy an iphone when they cant afford to pay rent.

What ever happened to personal responsibility?

awm55's picture

junkbondswap wrote: eokpar02,

ST
 
Points)
 on 4/29/11 at 5:44pm
junkbondswap:

eokpar02, you're argument is retarded and does nothing to disprove the GPA/income analogy. How can you look beyond the simple premise that what you work hard for (grades or income) should not be excessively distributed to people who are unwilling to work as hard. Who are you to argue that a marine works harder than a call girl? Sure, the battlefield is arguably more dangerous (although you could argue that sleeping with sketchy men could lead to precarious situations (i.e. STDs, murder/abuse, loss of self-worth, etc.) but prostitution is the oldest profession for a reason and one of the best analogies for capitalism (supplyinh a service that meets a demand for a profit).

awm55,

Why do you liberals always have to be so literal. Sure, you cant eat or live on your GPA but the premise of rewarding hard work and sacrifice is the same. No one is arguing against a moderate level of redistribution but what you liberals want is an excessive amount and a pound of flesh.

The purpose of the government and its social programs is to provide a safety net for those individuals who persistently try to improve their situations but may falter. The purpose is not create a system of incentives that rewards lazy idiots who thought it was better to skip class to smoke weed and buy an iphone when they cant afford to pay rent.

What ever happened to personal responsibility?

I'm not liberal, I just like to try common fucking sense. People are acting as if this video simplifies the argument of redistribution when in reality it is totally irrelevant. I could easily say why do fringe right morons use barely comparable situations to make a general point which is exactly what this video did.

And I am a huge proponent of welfare reform (drug testing, 1 strike rule, no more aid if you have more kids etc). This proposed non of that, it made a ridiculously simplified argument that an 8 year old could understand and acted as if it is just that damn obvious. Do some people work the system, hell yes and it needs to stop. But its not everyone.

awm55's picture

leveRAGE. wrote: awm55

ST
 
Points)
 on 4/29/11 at 5:48pm
leveRAGE.'s picture

awm55 wrote: leveRAGE.

ST
(King Kong, 1,161
 
Points)
 on 4/29/11 at 6:23pm
awm55's picture

leveRAGE. wrote: awm55

ST
 
Points)
 on 4/29/11 at 6:36pm
eokpar02's picture

junkbondswap wrote: eokpar02,

EN
 
Points)
 on 4/29/11 at 7:27pm

I am not cocky, I am confident, and when you tell me I am the best it is a compliment.
-Styles P

heister's picture

Redistribution leads to the

HF
(Neanderthal, 2,465
 
Points)
 on 4/29/11 at 7:20pm

Follow the shit your fellow monkeys say @shitWSOsays

non-target's picture

I see what the video is

PE
 
Points)
 on 4/29/11 at 7:30pm
Warhead's picture

Interesting analogy. Sort of

IB
 
Points)
 on 4/29/11 at 7:53pm
Warhead's picture

One problem is,

IB
 
Points)
 on 4/29/11 at 8:10pm
physconomist's picture

What if the rich just

CO
(Monkey, 57
 
Points)
 on 4/29/11 at 8:12pm
bullbythehorns's picture

anyone else see that flash at

O
 
Points)
 on 4/29/11 at 8:28pm

Here's the thing. If you can't spot the sucker in the first half hour at the table, you are the sucker.

awm55's picture

heister wrote: Redistribution

ST
 
Points)
 on 4/29/11 at 10:00pm
Argonaut's picture

eokpar02 wrote: You are an

(King Kong, 1,762
 
Points)
 on 4/29/11 at 10:20pm

More is good, all is better

Argonaut's picture

Apparently it's not all that

(King Kong, 1,762
 
Points)
 on 4/29/11 at 10:36pm

More is good, all is better

eokpar02's picture

Argonaut wrote: eokpar02

EN
 
Points)
 on 4/30/11 at 12:10am

I am not cocky, I am confident, and when you tell me I am the best it is a compliment.
-Styles P

mkballer's picture

This video explains the

CF
(Orangutan, 283
 
Points)
 on 4/30/11 at 12:53am

MKballer

bfin's picture

mkballer wrote: This video

CF
(Neanderthal, 2,772
 
Points)
 on 4/30/11 at 1:10am

The answer to your question is 1) network 2) get involved 3) beef up your resume 4) repeat -happypantsmcgee

WSO is not your personal search function.

cartman's picture

mkballer wrote: This video

IB
 
Points)
 on 4/30/11 at 1:34am
ShreddiesBrah's picture

Not surprised to see everyone

(King Kong, 1,337
 
Points)
 on 4/30/11 at 7:46am
NYorker's picture

Great video. Great analogy.

IB
(Baboon, 170
 
Points)
 on 4/30/11 at 9:19am
NYorker's picture

Another way to look at

IB
(Baboon, 170
 
Points)
 on 4/30/11 at 9:33am
awm55's picture

I love how people have to

ST
 
Points)
 on 4/30/11 at 10:26am
awm55's picture

Awon Eleyi Awon Eleyi Won Bad

ST
 
Points)
 on 4/30/11 at 10:28am
FinancePun's picture

NYorker wrote: Another way to

IB
 
Points)
 on 4/30/11 at 10:28am

"Dude, not trying to be a dick here, but your shop looks like a frontrunner for the cover of Better Boilerrooms & Chophouses or Bucketshop Quarterly."

-Uncle Eddie

econ's picture

Midas Mulligan Magoo

O
(Neanderthal, 2,416
 
Points)
 on 4/30/11 at 10:37am

For my aspiring Entrepreneurial Nomads, check out my blog.

econ's picture

awm55 wrote: The problem with

O
(Neanderthal, 2,416
 
Points)
 on 4/30/11 at 10:49am

For my aspiring Entrepreneurial Nomads, check out my blog.

econ's picture

eokpar02 wrote: Comparing

O
(Neanderthal, 2,416
 
Points)
 on 4/30/11 at 10:53am

For my aspiring Entrepreneurial Nomads, check out my blog.

econ's picture

San Ford wrote: Although I am

O
(Neanderthal, 2,416
 
Points)
 on 4/30/11 at 10:54am

For my aspiring Entrepreneurial Nomads, check out my blog.

awm55's picture

econ wrote: awm55 wrote: The

ST
 
Points)
 on 4/30/11 at 10:57am
econ's picture

veritas14 wrote: Wages aren't

O
(Neanderthal, 2,416
 
Points)
 on 4/30/11 at 10:59am

For my aspiring Entrepreneurial Nomads, check out my blog.

econ's picture

awm55 wrote: Is anyone

O
(Neanderthal, 2,416
 
Points)
 on 4/30/11 at 11:02am

For my aspiring Entrepreneurial Nomads, check out my blog.

econ's picture

awm55 wrote: I'm not liberal,

O
(Neanderthal, 2,416
 
Points)
 on 4/30/11 at 11:05am

For my aspiring Entrepreneurial Nomads, check out my blog.

econ's picture

awm55 wrote: leveRAGE.

O
(Neanderthal, 2,416
 
Points)
 on 4/30/11 at 11:07am

For my aspiring Entrepreneurial Nomads, check out my blog.

econ's picture

awm55 wrote: Most homeless

O
(Neanderthal, 2,416
 
Points)
 on 4/30/11 at 11:09am

For my aspiring Entrepreneurial Nomads, check out my blog.

econ's picture

eokpar02 wrote: GPA has no

O
(Neanderthal, 2,416
 
Points)
 on 4/30/11 at 11:13am

For my aspiring Entrepreneurial Nomads, check out my blog.

econ's picture

non-target wrote: I see what

O
(Neanderthal, 2,416
 
Points)
 on 4/30/11 at 11:16am

For my aspiring Entrepreneurial Nomads, check out my blog.

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