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ta
Posted: Wed Oct 31, 2007 1:49 pm
Guest
On Oct 31, 6:41 am, Lars Eighner <use...@larseighner.com> wrote:
Quote:
In our last episode, <1193809510.192574.302...@57g2000hsv.googlegroups.com>,
the lovely and talented Fred Weiss broadcast on alt.politics:

On Oct 30, 8:12 pm, Bret Cahill <BretCah...@aol.com> wrote:
But the entire thing rests on an assumption that's so crazy...
Your argument rests on the fallacious Marxist assumption that the rich
are exploiting the rest of us.

No fallacy about it. Rich people contribute nothing and maintain their
useless existence by armed force.

Sorry, your credibility just flew out the window with hyperbolic
comments like this. Here is a short list of things that rich people
contribute:

-- hospitals
-- schools
-- jobs
-- useful products
-- technological innovation
-- capital that allows for technological innovation
-- charitable contributions
-- etc. etc.

And all possessions, whether by rich or poor, are maintained by the
threat of force.

Quote:
In fact we are the ones who *choose* of our own free will to make them
rich by purchasing the products/ services they provide.

That, of course, is not how rich people get rich. Exploitation occurs at
the punch-in clock, not at the cash register.

Most honest people realize that they do not create the wealth at the level
of the rich because they are probably unable to.

That's right. No individual can honestly produce the amounts that rich
people rip off.

In other cases they just may not want to. It does in fact take a lot of
hard work, perseverance, creativity, and most especially a willingness to
take risks to achieve great wealth.

Nonsense. All it takes is the will to exploit others.

So everyone is a victim, eh? The unfortunate thing is that the victim
mentality does not good for the "victim".

Quote:
Relatively few of us have either the intelligence or drive to do it.

Relatively few of us are unscrupulous bastards.

(laugh) So everyone who has ever achieved wealth has done so by
unscrupulous means? So unscrupulous behaviour is a necessary condition
for obtaining wealth?

Wow, you have drunk the kool-aid and gone back for seconds and
thirds.

Quote:
Fortunately there are those who do.

No, it is not fortunate. It is tragic that the bloodsuckers manage to
enrich themselves at the expense of those who do the real work and take the
real risks.

Instead of looting from them, we should be grateful for their efforts.

Bullshit. The rich contribute nothing.

http://news.bbc.co.uk/2/hi/business/5115920.stm

Quote:
Without them our standard of living would be significantly lower than
it is.

Nonsense. Without the bloodsuckers, most of us would live well.

The communists thought that if they got rid of the rich that it
would create a worker's paradise.

There have never been any communists.

All that exploitation would be gone and the wealth would go to the
supposedly true producers - the workers. Well, we saw what actually
happened. Clearly there are a lot of you still engaged in a kind of
self-induced blindness in regard to the issue.

What we saw was that it is impossible to transform feudalism into industrial
democracy in one generation.

--
Lars Eighner <http://larseighner.com/> <http://myspace.com/larseighner
Countdown: 447 days to go.
What do you do when you're debranded?
Bret Cahill
Posted: Wed Oct 31, 2007 2:08 pm
Guest
Quote:
If you are making below $60/hr it's either because you are either
dumber or lazier than average.

Or you are getting ripped off.

Now which one is it?

None of the above?

Name something that isn't in the above.

.. . .


Quote:
I also have no idea where you are getting this $60hr. anyway.

The definition of average mean as applied to income distribution:

The total of all incomes in the U. S. divided by the total number of
hours worked in the U. S..

.. . .


Quote:
And there are any number of reasons why someone may have a lower net
worth or earn a lower wage which has absolutely nothing to do with
being dumb or lazy - or being ripped off.

Which is?

Anyway the issue is _income_ not wages.


Bret Cahill
sinister
Posted: Wed Oct 31, 2007 2:24 pm
Guest
"Fred Weiss" <fredweiss@papertig.com> wrote in message
news:1193809510.192574.302970@57g2000hsv.googlegroups.com...
Quote:
On Oct 30, 8:12 pm, Bret Cahill <BretCah...@aol.com> wrote:

But the entire thing rests on an assumption that's so crazy...

Ummm...yes. This whole ridiculous discussion.

Either way, mean or median, the income - and the standard of living it
provides - is fantastic in this country by any objective, absolute,
historical standard. The middle class in this country - and for that
matter in most of the industrial world - lives in many respects better
than the aristocracy of a mere 100 or so years ago.

So? By that logic, the superrich shouldn't mind relinquishing almost all
their wealth.

<snip>

Quote:
Your argument rests on the fallacious Marxist assumption that the rich
are exploiting the rest of us. In fact we are the ones who *choose* of
our own free will to make them rich by purchasing the products/
services they provide. Most honest people realize that they do not

Wrong.

Yes, the _Marxist_ view of how the rich exploit us is incorrect. But that
doesn't mean the rich---well, a large fraction of the rich---don't exploit
us.

A large fraction of the rich are rich because they collect economic rents
(land rent in particular). Those rents are collected by right of owning a
government title. There's nothing just or efficient about rent collection.

Take land rent in particular. Landowners in their role of landowner
contribute absolutely nothing to production; they just collect rent from the
rest of us, using a government-granted license to steal. (Yes, land
ownership _per se_ is extremely broad in the US, but if you look at rent
collected, it's far from uniformly distributed.)

For more, see e.g. "Are you a real libertarian or a Royal libertarian?" at
http://www.geolib.com/essays/sullivan.dan/royallib.html

Quote:
create the wealth at the level of the rich because they are probably
unable to. In other cases they just may not want to. It does in fact

Except for the fact that landowners are wealthy through no effort at all.

Quote:
take a lot of hard work, perseverance, creativity, and most especially
a willingness to take risks to achieve great wealth. Relatively few of
us have either the intelligence or drive to do it. Fortunately there
are those who do.

Depend on whether they actually create something of value.

Landowners don't.

Quote:
Instead of looting from them, we should be grateful for their efforts.

Uh, you have that backwards. Landowners loot from _everyone else_ by
charging a fee for access to what was already there, irrespective of the
landowner's existence.

Quote:
Without them our standard of living would be significantly lower than
it is. The communists thought that if they got rid of the rich that it
would create a worker's paradise. All that exploitation would be gone
and the wealth would go to the supposedly true producers - the
workers. Well, we saw what actually happened. Clearly there are a lot
of you still engaged in a kind of self-induced blindness in regard to
the issue.

Some, yes.

You're just as blind, albeit in a different way.

Quote:
Fred Weiss
Jerry Kraus
Posted: Wed Oct 31, 2007 2:53 pm
Guest
On Oct 31, 1:28 pm, ta <padl...@nc.rr.com> wrote:
Quote:
On Oct 30, 7:56 pm, Jerry Kraus <jkraus_1...@yahoo.com> wrote:





On Oct 30, 5:06 pm, ta <padl...@nc.rr.com> wrote:

On Oct 30, 4:19 pm, Jerry Kraus <jkraus_1...@yahoo.com> wrote:

On Oct 30, 3:11 pm, ta <padl...@nc.rr.com> wrote:

On Oct 30, 3:35 pm, Lars Eighner <use...@larseighner.com> wrote:

In our last episode,
1193771663.616889.244...@v23g2000prn.googlegroups.com>, the lovely and
talented Bret Cahill broadcast on alt.politics:

But if you so much as say "mean income" life on earth as we know it
will come to a horrific end.
And the most curious part of it all is no one can explain why.

Here's why: unlike many variables (strength of carbon fibers, for example),
income is *not* normally distributed. The mean is a useless (yes,
meaningless) statistic.

--
Lars Eighner <http://larseighner.com/> <http://myspace.com/larseighner
Countdown: 447 days to go.
What do you do when you're debranded?

What would "normal" income distribution look like?- Hide quoted text -

- Show quoted text -

It's a statistical term -- the "normal" distribution is a standard
curve. Income doesn't fit it very well.

Ok, thanks (and thanks tg for the explanatory link).

So what conclusions would you draw from that?

But the point is, most rich
people don't want income distribution analyzed at all. It makes them
look greedy.

So you think wealthy people are ashamed of their wealth?- Hide quoted text -

- Show quoted text -

It's not the the rich are ashamed. They are afraid. Or, if they
aren't, it's possible they should be. When Revolutions occur, the
rich tend to get strung up. And, in any case, they certainly make the
best targets for robbery. No matter how well armed they might be.

So what objective evidence would you use to support your claimed
insight into the thoughts and feelings of wealthy people?

Also, you didn't answer my other question: what conclusions would you
draw from the fact that wealth in the USA is unevenly distributed?- Hide quoted text -

- Show quoted text -

Actually, that's a pretty good question: "what conclusions can we draw
from the fact that wealth is very, very unevenly distributed in the
United States:

specifically: 71% of the wealth is controlled by 10% of the
population. More or Less. And somewhere between 20% and 40% of the
wealth is controlled by just 1% of the population.

Well, they could all be smarter and harder working than everyone
else. Possibly.

But is Bill Gates really a million times smarter than the average
American? Or does he work a million times harder? I don't think
that's possible.

There's luck. They might be lucky. Probably, they are, to some
extent.

Wealth is often inherited. I think this is a critical point. A
wealthy background gives access to the best schools, and resources to
start business enterprises. It takes money to make money.

I think if inheriting money were made illegal, a better case could be
made for "merit" based wealth. But how many rich people give all
their money to charity in their wills? They want their children to
have an advantage, don't they?

I have argued that the rich are greedier than most. They just want
money more. Is this good, or bad? That depends on what they do to
get it, I suppose!
Bret Cahill
Posted: Wed Oct 31, 2007 3:33 pm
Guest
Quote:
Also, you didn't answer my other question: what conclusions would you
draw from the fact that wealth in the USA is unevenly distributed?

Disparity of wealth is an indicator of a not too recent loss of
democratic freedom which is even more to be feared than poverty.

There's a time lag with freedom preceding equality of wealth and loss
of freedom preceding disparity of wealth.

The time lag for obesity is shorter which is why obesity is working
its way up into higher and higher income groups in the U. S.

As their freedom evaporates they start to eat when they aren't hungry.

Ken Burns unwittingly revealed his ignorance of democratic freedom as
well as mid 19th Century America when he presented U. S. Grant's
several fortunes as an interesting aspect of the man in his Civil War
documentary.

According to DeTocqueville making and losing several fortunes in your
life time was par for the course for a democratic society.

Burns was completely ignorant of this fact yet DeTocqueville made a
big deal of it back in 1833 contrasting life in a democracy to life in
an aristocracy where not just an individual, but generations in one
family were always rich or always poor.


Bret Cahill
pico
Posted: Wed Oct 31, 2007 4:27 pm
Guest
"sinister" <sinister@nospam.invalid> wrote in message
news:BeudnWohUPtS5LXanZ2dnUVZ_vninZ2d@comcast.com...
Quote:

"pico" <pico.pico.pico> wrote in message
news:13if87r7ma4jdda@news.supernews.com...

"Jerry Kraus" <jkraus_1999@yahoo.com> wrote in message
news:1193773299.686012.101980@d55g2000hsg.googlegroups.com...

Bret is, I think, referring to analyzing income distribution in any
way, shape or form. Mean, median, standard deviation, plots, curves
etc. The rich hate this. It makes them look, well, kinda greedy.
Like they have just a little too big a piece of the pie, for the good
of the rest of us. Gee, I wonder why.

I know some millionaires and they don't mind such data. Not one bit.

Funny, then, how government statistical bureaus in the US often "top code"
their data so this information is hidden.

Where can I find examples of this?
pico
Posted: Wed Oct 31, 2007 4:35 pm
Guest
"Robert Vienneau" <rvien@notthis.dreamscape.com> wrote in message
news:10301729.OCDMYSMY@news.dreamscape.com...
Quote:


On 10/30/2007 15:35:46 Lars Eighner <usenet@larseighner.com> wrote:

Here's why: unlike many variables (strength of carbon fibers, for
example), income is *not* normally distributed. The mean is a useless
(yes, meaningless) statistic.

No. The ratio of the mean to the median is one indicator of how skewed
to the rich that distribution is.

(There are other statistics for testing for non-normal distribution.
I happen to have the privilege of being among the first few to
implement the Ozturk's statistic in computer code.)

Ozturk's method wouldn't seem to help here because the data instances are so
close. Settle for the ratio. But then, we don't have the data!
pico
Posted: Wed Oct 31, 2007 4:37 pm
Guest
"Robert Vienneau" <rvien@notthis.dreamscape.com> wrote in message
news:1030184.UEXMVCHO@news.dreamscape.com...
Quote:


On 10/30/2007 17:40:42 "pico" <pico.pico.pico> wrote:

Right now we have _one and only one_ distribution out of the jillions
found in Nature that is unique in that the median value is meaningful
but
the ave. mean value is meaningless.

Interesting. I wonder if there isn't at least one more such case. Let's
see.... race and jail terms. There's one. No?

I think the disparity in the U.S.A. in sentencing between those smoking
crack and those snorting powder cocaine is an evil.

The Supremes are scheduled to take that ruling on soon, aren't they?
Immortalist
Posted: Wed Oct 31, 2007 4:40 pm
Guest
On Oct 30, 12:35 pm, Lars Eighner <use...@larseighner.com> wrote:
Quote:
In our last episode,
1193771663.616889.244...@v23g2000prn.googlegroups.com>, the lovely and
talented Bret Cahill broadcast on alt.politics:

But if you so much as say "mean income" life on earth as we know it
will come to a horrific end.
And the most curious part of it all is no one can explain why.

Here's why: unlike many variables (strength of carbon fibers, for example),
income is *not* normally distributed. The mean is a useless (yes,
meaningless) statistic.


The mean represents a "distinction with a "difference" that being a
notable frequency along a distributional gradient. Many people from
some trades have a wage that is situated along a frequency
relationship and share a limited range of wages compared to other
trades.

In mathematics and statistics, the arithmetic mean (or simply the
mean) of a list of numbers is the sum of all the members of the list
divided by the number of items in the list. The arithmetic mean is
what students are taught very early to call the "average". If the list
is a statistical population, then the mean of that population is
called a population mean. If the list is a statistical sample, we call
the resulting statistic a sample mean.

When the mean is not an accurate estimate of the median, the list of
numbers, or frequency distribution, is said to be skewed.

http://en.wikipedia.org/wiki/Arithmetic_mean
http://en.wikipedia.org/wiki/Class_conflict


Quote:
--
Lars Eighner <http://larseighner.com/> <http://myspace.com/larseighner
Countdown: 447 days to go.
What do you do when you're debranded?
The Trucker
Posted: Wed Oct 31, 2007 4:42 pm
Guest
On Wed, 31 Oct 2007 11:49:11 -0700, ta wrote:

Quote:
On Oct 31, 6:41 am, Lars Eighner <use...@larseighner.com> wrote:
In our last episode, <1193809510.192574.302...@57g2000hsv.googlegroups.com>,
the lovely and talented Fred Weiss broadcast on alt.politics:

On Oct 30, 8:12 pm, Bret Cahill <BretCah...@aol.com> wrote:
But the entire thing rests on an assumption that's so crazy...
Your argument rests on the fallacious Marxist assumption that the rich
are exploiting the rest of us.

No fallacy about it. Rich people contribute nothing and maintain their
useless existence by armed force.

Sorry, your credibility just flew out the window with hyperbolic
comments like this. Here is a short list of things that rich people
contribute:

-- hospitals
-- schools
-- jobs
-- useful products
-- technological innovation
-- capital that allows for technological innovation
-- charitable contributions
-- etc. etc.

In actual fact, none of these things are contributed by rich people. Such
things may, indeed, be _produced_ or _supplied_ by _SOME_ people who are
attempting to become rich or by people as they attempt to remain rich.
But being rich contributes NOTHING in and of itself.

Quote:
And all possessions, whether by rich or poor, are maintained by the
threat of force.

That also is a lie. For the most part, the existence of private
ownership in earned property is a moral principal that is universally
recognized by the American people. For the most part the enforcement
of such recognized "rights" by force or the threat of force is
unnecessary. Only when the distribution of ownership in UNEARNED wealth
becomes extreme is the use of or threat of force needed at all.

Quote:
In fact we are the ones who *choose* of our own free will to make them
rich by purchasing the products/ services they provide.

That, of course, is not how rich people get rich. Exploitation occurs at
the punch-in clock, not at the cash register.

Most honest people realize that they do not create the wealth at the level
of the rich because they are probably unable to.

That's right. No individual can honestly produce the amounts that rich
people rip off.

In other cases they just may not want to. It does in fact take a lot of
hard work, perseverance, creativity, and most especially a willingness to
take risks to achieve great wealth.

Nonsense. All it takes is the will to exploit others.

So everyone is a victim, eh? The unfortunate thing is that the victim
mentality does not good for the "victim".

Not until that victimization can be defined and illustrated as it is by
Henry George. Not until it is recognized that natural resources are
naturally occurring thus unearned and separate and distinct from the
earned "capital" means of production is it possible to illustrate the rip
off in very clear terms. The distinction between "earned" and "unearned"
is difficult. But it is not impossible and it lies at the heart of
economic justice and thence at the heart of justice et al. The argument
is not based on altruism or even on utilitarianism (though the latter
would suffice). It is based very easily on simple justice.

http://www.henrygeorge.org/

Quote:
Relatively few of us have either the intelligence or drive to do it.

Relatively few of us are unscrupulous bastards.

(laugh) So everyone who has ever achieved wealth has done so by
unscrupulous means? So unscrupulous behaviour is a necessary condition
for obtaining wealth?

Of course not. That is the moonbat position.

Quote:
Wow, you have drunk the kool-aid and gone back for seconds and
thirds.

Agreed! That is the moonbat koolaid. But let us not close our eyes to
the rightard koolaid (that rashly assumes that all wealth is earned or
awarded by the luck of the draw) either.

Quote:
Fortunately there are those who do.

No, it is not fortunate. It is tragic that the bloodsuckers manage to
enrich themselves at the expense of those who do the real work and take the
real risks.

Instead of looting from them, we should be grateful for their efforts.

Bullshit. The rich contribute nothing.

http://news.bbc.co.uk/2/hi/business/5115920.stm

Every now and then we see this sort of stuff and it is good. But how does
his _BEING_ rich in and of itself do anything? What if all of his dough
was distributed differently? What proof is there that the dough would not
end up doing something as good or better?. I am speaking economics here,
not religion, or altruism. Why does the disparity exist in the first
place? Are we to believe that Mr. Buffett actually earned and paid taxes
on his accumulated wealth? If we assume that Mr. Buffett would have paid
a lot more in taxes then must we also assume that Mr. Bush or some other
prancing authoritarian pig would have just created more wars? Do we fall
in the trap of assuming that it is better for the world that Mr. Bush and
Mr. Buffet are around doing the things they do? While Mr. Buffett may set
a fine example, that does not lead me away from the pursuit of simple
justice or from the knowing that too much power in the hands of a few
individuals is a threat to the existence of freedom and liberty for the
many. Nowhere is there a better example of this rent in the fabric of
justice than in latter day America.

Quote:
Without them our standard of living would be significantly lower than
it is.

Nonsense. Without the bloodsuckers, most of us would live well.

The communists thought that if they got rid of the rich that it
would create a worker's paradise.

There have never been any communists.

Oh, that's not true, and there still are some. But then, there are all
sorts of people. Not good to let too much more be vested in just a few of
them.

Quote:
All that exploitation would be gone and the wealth would go to the
supposedly true producers - the workers. Well, we saw what actually
happened. Clearly there are a lot of you still engaged in a kind of
self-induced blindness in regard to the issue.

What we saw was that it is impossible to transform feudalism into industrial
democracy in one generation.

--
Lars Eighner <http://larseighner.com/> <http://myspace.com/larseighner
Countdown: 447 days to go.
What do you do when you're debranded?

--
"I know no safe depository of the ultimate powers
of society but the people themselves; and
if we think them not enlightened enough to
exercise their control with a wholesome
discretion, the remedy is not to take it from
them, but to inform their discretion by
education." - Thomas Jefferson
http://GreaterVoice.org/extend
ta
Posted: Wed Oct 31, 2007 5:23 pm
Guest
On Oct 31, 5:42 pm, The Trucker <mik...@verizon.net> wrote:
Quote:
On Wed, 31 Oct 2007 11:49:11 -0700, ta wrote:
On Oct 31, 6:41 am, Lars Eighner <use...@larseighner.com> wrote:
In our last episode, <1193809510.192574.302...@57g2000hsv.googlegroups.com>,
the lovely and talented Fred Weiss broadcast on alt.politics:

On Oct 30, 8:12 pm, Bret Cahill <BretCah...@aol.com> wrote:
But the entire thing rests on an assumption that's so crazy...
Your argument rests on the fallacious Marxist assumption that the rich
are exploiting the rest of us.

No fallacy about it. Rich people contribute nothing and maintain their
useless existence by armed force.

Sorry, your credibility just flew out the window with hyperbolic
comments like this. Here is a short list of things that rich people
contribute:

-- hospitals
-- schools
-- jobs
-- useful products
-- technological innovation
-- capital that allows for technological innovation
-- charitable contributions
-- etc. etc.

In actual fact, none of these things are contributed by rich people. Such
things may, indeed, be _produced_ or _supplied_ by _SOME_ people who are
attempting to become rich or by people as they attempt to remain rich.
But being rich contributes NOTHING in and of itself.

There's no need to obfuscate the point -- it's rather simple. The OP
said "rich people contribute nothing". Is this not a "contribution"?
Is this "nothing"?

"Children's Memorial Hospital in Chicago announces $100 million gift
from philanthropist Ann Lurie

Children's Memorial Hospital announced today that philanthropist Ann
Lurie has pledged $100 million to help fund the new facility planned
for Children's Memorial Hospital in Chicago. This gift is the largest
given by an individual to a children's hospital in the United States."

http://www.childrensmemorial.org/newsroom/release09052007.asp

If venture capitalists fund a group of entrepreneurs who develop a new
medical device that saves lives, is that not a "contribution" to the
betterment of mankind?

Just be honest -- to say that rich people "contribute nothing" is a
foolish thing to say.

Quote:
And all possessions, whether by rich or poor, are maintained by the
threat of force.

That also is a lie. For the most part, the existence of private
ownership in earned property is a moral principal that is universally
recognized by the American people. For the most part the enforcement
of such recognized "rights" by force or the threat of force is
unnecessary. Only when the distribution of ownership in UNEARNED wealth
becomes extreme is the use of or threat of force needed at all.

Straw man. Did I say anything about whether force was necessary or
whether the wealth was earned or unearned? Please re-read my very
simple sentence.

If someone breaks into an apartment in a housing project to steal a
TV, he does so under the threat of force. Period.

Quote:
In fact we are the ones who *choose* of our own free will to make them
rich by purchasing the products/ services they provide.

That, of course, is not how rich people get rich. Exploitation occurs at
the punch-in clock, not at the cash register.

Most honest people realize that they do not create the wealth at the level
of the rich because they are probably unable to.

That's right. No individual can honestly produce the amounts that rich
people rip off.

In other cases they just may not want to. It does in fact take a lot of
hard work, perseverance, creativity, and most especially a willingness to
take risks to achieve great wealth.

Nonsense. All it takes is the will to exploit others.

So everyone is a victim, eh? The unfortunate thing is that the victim
mentality does not good for the "victim".

Not until that victimization can be defined and illustrated as it is by
Henry George. Not until it is recognized that natural resources are
naturally occurring thus unearned and separate and distinct from the
earned "capital" means of production is it possible to illustrate the rip
off in very clear terms. The distinction between "earned" and "unearned"
is difficult. But it is not impossible and it lies at the heart of
economic justice and thence at the heart of justice et al. The argument
is not based on altruism or even on utilitarianism (though the latter
would suffice). It is based very easily on simple justice.

http://www.henrygeorge.org/

Relatively few of us have either the intelligence or drive to do it.

Relatively few of us are unscrupulous bastards.

(laugh) So everyone who has ever achieved wealth has done so by
unscrupulous means? So unscrupulous behaviour is a necessary condition
for obtaining wealth?

Of course not. That is the moonbat position.

Wow, you have drunk the kool-aid and gone back for seconds and
thirds.

Agreed! That is the moonbat koolaid. But let us not close our eyes to
the rightard koolaid (that rashly assumes that all wealth is earned or
awarded by the luck of the draw) either.

Straw man.

Quote:
Fortunately there are those who do.

No, it is not fortunate. It is tragic that the bloodsuckers manage to
enrich themselves at the expense of those who do the real work and take the
real risks.

Instead of looting from them, we should be grateful for their efforts.

Bullshit. The rich contribute nothing.

http://news.bbc.co.uk/2/hi/business/5115920.stm

Every now and then we see this sort of stuff and it is good.

Understatement. The fact is that these types of things are under-
reported (it's too easy and too popular to hate rich people).

Quote:
But how does
his _BEING_ rich in and of itself do anything? What if all of his dough
was distributed differently? What proof is there that the dough would not
end up doing something as good or better?.

What if the moon were made of swiss cheese? I'm just debunking the
myth that all rich people are greedy bastards who hide in their
basements counting their dough all day.

The reality is, there are wealthy people, and they do good things. To
deny that fact is to be unfair.

If you want to start a thread on how rich people cause poverty, be my
guest.

Quote:
I am speaking economics here,
not religion, or altruism. Why does the disparity exist in the first
place?

That is up for debate -- start a thread.

Quote:
Are we to believe that Mr. Buffett actually earned and paid taxes
on his accumulated wealth?

Of course -- why would we believe otherwise.

Quote:
If we assume that Mr. Buffett would have paid
a lot more in taxes then must we also assume that Mr. Bush or some other
prancing authoritarian pig would have just created more wars?

Huh?

Quote:
Do we fall
in the trap of assuming that it is better for the world that Mr. Bush and
Mr. Buffet are around doing the things they do? While Mr. Buffett may set
a fine example, that does not lead me away from the pursuit of simple
justice or from the knowing that too much power in the hands of a few
individuals is a threat to the existence of freedom and liberty for the
many. Nowhere is there a better example of this rent in the fabric of
justice than in latter day America.

Please explain how Warren Buffet or Bill Gates or Oprah Winfrey having
billions of dollars poses a threat to freedom and liberty for the
many.

Quote:
Without them our standard of living would be significantly lower than
it is.

Nonsense. Without the bloodsuckers, most of us would live well.

The communists thought that if they got rid of the rich that it
would create a worker's paradise.

There have never been any communists.

Oh, that's not true, and there still are some. But then, there are all
sorts of people. Not good to let too much more be vested in just a few of
them.

You'll have to take that up with the poster who actually wrote that.
It wasn't me.

Quote:
All that exploitation would be gone and the wealth would go to the
supposedly true producers - the workers. Well, we saw what actually
happened. Clearly there are a lot of you still engaged in a kind of
self-induced blindness in regard to the issue.

What we saw was that it is impossible to transform feudalism into industrial
democracy in one generation.

--
Lars Eighner <http://larseighner.com/> <http://myspace.com/larseighner
Countdown: 447 days to go.
What do you do when you're debranded?

--
"I know no safe depository of the ultimate powers
of society but the people themselves; and
if we think them not enlightened enough to
exercise their control with a wholesome
discretion, the remedy is not to take it from
them, but to inform their discretion by
education." - Thomas Jeffersonhttp://GreaterVoice.org/extend
ta
Posted: Wed Oct 31, 2007 5:49 pm
Guest
On Oct 31, 3:53 pm, Jerry Kraus <jkraus_1...@yahoo.com> wrote:
Quote:
On Oct 31, 1:28 pm, ta <padl...@nc.rr.com> wrote:



On Oct 30, 7:56 pm, Jerry Kraus <jkraus_1...@yahoo.com> wrote:

On Oct 30, 5:06 pm, ta <padl...@nc.rr.com> wrote:

On Oct 30, 4:19 pm, Jerry Kraus <jkraus_1...@yahoo.com> wrote:

On Oct 30, 3:11 pm, ta <padl...@nc.rr.com> wrote:

On Oct 30, 3:35 pm, Lars Eighner <use...@larseighner.com> wrote:

In our last episode,
1193771663.616889.244...@v23g2000prn.googlegroups.com>, the lovely and
talented Bret Cahill broadcast on alt.politics:

But if you so much as say "mean income" life on earth as we know it
will come to a horrific end.
And the most curious part of it all is no one can explain why.

Here's why: unlike many variables (strength of carbon fibers, for example),
income is *not* normally distributed. The mean is a useless (yes,
meaningless) statistic.

--
Lars Eighner <http://larseighner.com/> <http://myspace.com/larseighner
Countdown: 447 days to go.
What do you do when you're debranded?

What would "normal" income distribution look like?- Hide quoted text -

- Show quoted text -

It's a statistical term -- the "normal" distribution is a standard
curve. Income doesn't fit it very well.

Ok, thanks (and thanks tg for the explanatory link).

So what conclusions would you draw from that?

But the point is, most rich
people don't want income distribution analyzed at all. It makes them
look greedy.

So you think wealthy people are ashamed of their wealth?- Hide quoted text -

- Show quoted text -

It's not the the rich are ashamed. They are afraid. Or, if they
aren't, it's possible they should be. When Revolutions occur, the
rich tend to get strung up. And, in any case, they certainly make the
best targets for robbery. No matter how well armed they might be.

So what objective evidence would you use to support your claimed
insight into the thoughts and feelings of wealthy people?

Also, you didn't answer my other question: what conclusions would you
draw from the fact that wealth in the USA is unevenly distributed?- Hide quoted text -

- Show quoted text -

Actually, that's a pretty good question: "what conclusions can we draw
from the fact that wealth is very, very unevenly distributed in the
United States:

specifically: 71% of the wealth is controlled by 10% of the
population. More or Less. And somewhere between 20% and 40% of the
wealth is controlled by just 1% of the population.

Well, they could all be smarter and harder working than everyone
else. Possibly.

But is Bill Gates really a million times smarter than the average
American? Or does he work a million times harder? I don't think
that's possible.

So? There is no algorithm for determining how much wealth one should
obtain. There is no natural law that dictates how wealth is
accumulated. You can wish that were the case, but that does not make
it so. Not all effort produces equivalent wealth in the marketplace.
Lots of really smart people work very hard and go bankrupt -- them's
the breaks, as they say.

Quote:
There's luck. They might be lucky. Probably, they are, to some
extent.

Warren Buffet, for example, was not lucky -- he worked hard and failed
at alot of things before becoming successful.

Certainly there is some element of luck, in the sense that some of us
are born into better circumstances than others. But there is no
shortage of real life "rags to riches" stories either. These "unlucky"
people were able to obtain great wealth.

Quote:
Wealth is often inherited. I think this is a critical point.

This is a myth. In the USA, only about 20 percent of millionaires
inherited 10% or more of their wealth.

http://www.washingtonpost.com/wp-srv/style/longterm/books/chap1/millionairenextdoor.htm

Another source estimates about 15% of millionaires inherited their
wealth.

http://www.centurymanagement.ie/news_details.asp?nid=24

Too many hollywood movies out there that portray the opposite.

Quote:
A
wealthy background gives access to the best schools, and resources to
start business enterprises.

That's true, but it is no guarantee by any stretch. No doubt though,
the children of wealthy parents have a distinct advantage in that
sense.

So that's life -- who said it was fair? You can whine about it and get
sucked in by the victim-mongers who would benefit from your
victimhood, or you can refuse to use that as an excuse.

Quote:
It takes money to make money.

Nope. Lots of people in this country have become successful
businessmen, entrepreneurs, investors, etc. starting from nothing.

Quote:
I think if inheriting money were made illegal, a better case could be
made for "merit" based wealth. But how many rich people give all
their money to charity in their wills? They want their children to
have an advantage, don't they?

Well, that's their right. They earned the money, the can do what they
want with it.

Quote:
I have argued that the rich are greedier than most. They just want
money more. Is this good, or bad? That depends on what they do to
get it, I suppose!

How many wealthy people do you know?
sinister
Posted: Wed Oct 31, 2007 6:25 pm
Guest
"pico" <pico.pico.pico> wrote in message
news:13ihsq7arcatdbc@news.supernews.com...
Quote:
"sinister" <sinister@nospam.invalid> wrote in message
news:BeudnWohUPtS5LXanZ2dnUVZ_vninZ2d@comcast.com...

"pico" <pico.pico.pico> wrote in message
news:13if87r7ma4jdda@news.supernews.com...

"Jerry Kraus" <jkraus_1999@yahoo.com> wrote in message
news:1193773299.686012.101980@d55g2000hsg.googlegroups.com...

Bret is, I think, referring to analyzing income distribution in any
way, shape or form. Mean, median, standard deviation, plots, curves
etc. The rich hate this. It makes them look, well, kinda greedy.
Like they have just a little too big a piece of the pie, for the good
of the rest of us. Gee, I wonder why.

I know some millionaires and they don't mind such data. Not one bit.

Funny, then, how government statistical bureaus in the US often "top
code" their data so this information is hidden.

Where can I find examples of this?

US Census.

There's a more frequent collection instrument called the CPS ([something]
population survey).

Also look at IRS statistical reports.

I don't know exactly which instruments are top-coded, but I'm sure lots of
them are.

On the one hand, superrich people might argue that they have special
security concerns. (Know exact location ==> kidnapping etc)

On the other hand, I think a lot of this data is hard to get even at the
national level. Particularly wealth data (rather than income).
Lysander
Posted: Wed Oct 31, 2007 8:28 pm
Guest
On Oct 30, 2:14 pm, Bret Cahill <BretCah...@aol.com> wrote:
Quote:
It's perfectly OK to discuss some types of distributions found in
nature. These include, say, the strength of a lot of carbon fibers or
the time loading on an airplane wing.

There's another distribution, however, that you cannot discuss:

Income distribution.

If you so much as even make a peep about ave. _mean_ income then
they'll start screaming that you are "just like Hitler, Stalin, Ross
Perot, David Duke and Chinghis Khan all rolled up into one!"

It's curious. If you run a reliability analysis on a structure you
are OK, even useful to society.

But if you so much as say "mean income" life on earth as we know it
will come to a horrific end.

And the most curious part of it all is no one can explain why.

Bret Cahill

Funny. I have income distribution and poverty schedule for my micro
class to be covered in the next two weeks. Plenty of economist have
discussed income distribution and measured it more correctly than I
have seen here. It is also a topic in the design of the tax system.

However, you are cross-posting. Economists do seriously look at income
distribution but try to stay away from normative statements. We try to
discuss what is whether than what should be. I don't know about other
forums you are posting too.
Lysander
Posted: Wed Oct 31, 2007 8:39 pm
Guest
On Oct 30, 2:14 pm, Bret Cahill <BretCah...@aol.com> wrote:


Quote:
But if you so much as say "mean income" life on earth as we know it
will come to a horrific end.

And the most curious part of it all is no one can explain why.

Bret Cahill

I think you are over reacting and given the size of a previous thread
and the lack of useful arguments that I could see from glancing at it,
I may know why.

Well mean income or wealth are not meaningless they don't give a lot
of information. A mean can be very high because you have one guy that
is so far off the charts and everyone else has nothing.
In a simple case, I make $1 million dollars and 3 others make 0. The
mean is $250,000. We make wrongfully conclude that every is rich from
the mean.

Economist tend to use measures that concentrate more on how much of
the income or wealth is concentrated in groups. ie. the top 10% in
wealth have 20% of the total wealth. Note these are made up numbers.
This gives us a better idea of disparity. For instance the Gini
coefficient uses data such as this to measure disparity.

I personally don't think mean or media income tells us much about
distribution. It is too easily skewed by outliers and we can't
distinguish from this alone if there is a big middle class or mostly
poor with a few rich, or mostly rich with a few poor (America from
some countries perspective). Honestly, I used the word rich but I
don't even like that either because it is rich is relatively. In the
top 10% of wealth or income can't be argued with much.
 
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