PeakTrader.com

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PeakTrader said...

"93% of the nation's income growth went to 1% of wage earners...15,600 households captured 37% of all national growth."

In other words:

93% of the nation's value creation came from 1% of workers...15,600 households created 37% of all new national wealth.

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Rufus II, I see you're also focused on the paper economy instead of the real economy.

Government doesn't create real wealth. It just redistributes it, between individuals and time periods, and does it with a lot of waste.

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Actually, government destroys real wealth, e.g. through inefficiency.

The goal of government should be to minimize the destruction when attempting to achieve its objectives.

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Ken says "...how you would incentivize politicians and bureaucrats to minimize this destruction. What incentives would you put in place to make this happen?"

We already have elections every two years. It's up to the voters.

We did it in the '90s, which contributed to the balanced budgets in the late '90s:

History of the
National Partnership for Reinventing Government
ACCOMPLISHMENTS, 1993 – 2000
A Summary

NPR was the longest-running reform effort in the history of the Federal Government. We started by recommending more than 1,200 specific changes to make government work better, cost less, and get results Americans cared about. We then set out to implement those recommendations.

http://govinfo.library.unt.edu/npr/whoweare/appendixf.html

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PeakTrader said...

Ron says "EXCEPT for the minimum wage."

Sometimes, putting in a floor is worth it, even if it costs a little.

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Ron H. said...

"Sometimes, putting in a floor is worth it, even if it costs a little."

Worth it? What can that even mean?

If you are against redistribution in general, and confident that the market forces of supply and demand set the correct price of most things, It's not clear what you think is different about labor.

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PeakTrader said...

Ron, just because some people will clean windows of skyscrapers without safety cords doesn't mean there shouldn't be safety cords.

I guess, you don't believe in standards, including low standards.

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PeakTrader said...

Of course, when there's abundant labor, it's cheaper to replace dead window washers than to spend money on safety equipment.

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Ron H. said...

"I guess, you don't believe in standards, including low standards."

I don't believe in government interference in markets.

I believe in standards that are beneficial, not protectionist regulations that forbid people to work.

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PeakTrader said...

Ron, "beneficial" to whom?

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Ron H. said...

"Of course, when there's abundant labor, it's cheaper to replace dead window washers than to spend money on safety equipment."

LOL You're funny. You must not realize how silly that sounds.

Apparently you've never had to clean up the incredible mess a human body makes when it falls 54 stories, not to mention the possible damage to anything on the ground, such as vehicles or landscaping.

Safety equipment is much cheaper.

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PeakTrader said...

Ron, you can hire someone for $5 to put him in a bag and dump him in the garbage.

It's cheaper that way.

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