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Monday, May 19, 2014

The Derponomicon: Part 14

A response to this video by Peter Schiff:

I don't know why you insist on sending me links to the most insane people you can find on the Internet, but here we go; NO ONE has ever advocated banning profits. When people talk about income inequality they are talking about the mere fact that since Reagan, the average CEOs pay has increased a hundred fold or more. There are only so many pieces of the pie to go around, and it seems as the wealthy skim more and more and more off the top, I.e. get richer and richer and richer, there is less to go around and everyone else gets poorer and poorer and poorer. This isn't rocket science. Corporate profits are at an all time high, wages have not kept up with inflation and have remained stagnant. The ONLY people who are making any upward mobility whatsoever are the fat cats at the very top. If you have 10 people at a pizza party, and five pizzas arrive to feed everyone, and the enormous obese guy takes four pizzas for himself, the other 9 people are barely going to get a slice each. The guy that shows up late is only going to have the crumbs in the box. The problem is not that corporations make a profit, the problem is that they don't share the profits with the people at the bottom that make them possible.

Once again, we see he thinks the economy is a zero-sum game. This belief is the foundation of all prog stupidity. 

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