The "Occupy" Rallies

[myrobbins7]

Police in City see occupiers as 'terror' risk

Police in City see occupiers as 'terror' risk - Crime - UK - The Independent

Things must be really bad in London.

 

[Weezy]

The OECD released a report documenting the wealth inequality causes and potential solutions.

http://www.oecd.org/dataoecd/40/12/49170449.pdf

That's the summary. I think the full version costs money. I don't disagree with it overall. It does lose me in the "well-designed" part. Part of me wonders how much of this was the result of "policy" or just poorly designed policy. And whether it's best to just let government sit this battle out, and let the free market take its path which could be self-correction, equilibrium, or failure.

 

[therealUT]

Why does wealth inequality need a solution? Is wealth inequality inherently bad?

 

[T-TownVol]

I do not think so.

 

[volinbham]

Why does wealth inequality need a solution? Is wealth inequality inherently bad?

Of course it is! It's not fair. Don't ask for further explanation.

 

[RespectTradition]

A lot (not all) of the so-called growth in inequality is the result of bad analysis.

Look at the changes to the tax code over time versus the reported income of the wealthy and you will see that much more income is reported when taxes are lower. For example, the amount of capital gains reported increased dramatically when the rate went down.

 

[T-TownVol]

Of course it is! It's not fair. Don't ask for further explanation, just go pitch your tent in a public green space and you will be enlightened.

a small addition to your thought

 

[volinbham]

The OECD released a report documenting the wealth inequality causes and potential solutions.

http://www.oecd.org/dataoecd/40/12/49170449.pdf

That's the summary. I think the full version costs money. I don't disagree with it overall. It does lose me in the "well-designed" part. Part of me wonders how much of this was the result of "policy" or just poorly designed policy. And whether it's best to just let government sit this battle out, and let the free market take its path which could be self-correction, equilibrium, or failure.

Interestingly from that report this is all I could find on why income inequality is an issue:

Rising income inequality creates economic, social and political challenges. It can stifle
upward social mobility, making it harder for talented and hard-working people to get the
rewards they deserve. Intergenerational earnings mobility is low in countries with high
inequality such as Italy, the United Kingdom, and the United States, and much higher in
the Nordic countries, where income is distributed more evenly (OECD, 2008). The resulting
inequality of opportunity will inevitably impact economic performance as a whole, even if
the relationship is not straightforward. Inequality also raises political challenges because
it breeds social resentment and generates political instability. It can also fuel populist,
protectionist, and anti-globalisation sentiments. People will no longer support open trade
and free markets if they feel that they are losing out while a small group of winners is​

getting richer and richer.

The bolded statement is pretty wishy-washy - it will impact economic performance as a whole even if the relationship is not straightforward? What is the relationship?

In truth, it seems the latter arguments are the bigger ones - political instability. Good thing our POTUS is exploiting that for all it's worth.

 

[therealUT]

Interestingly from that report this is all I could find on why income inequality is an issue:



The bolded statement is pretty wishy-washy - it will impact economic performance as a whole even if the relationship is not straightforward? What is the relationship?

In truth, it seems the latter arguments are the bigger ones - political instability. Good thing our POTUS is exploiting that for all it's worth.

Re-posted in readable type:

Rising income inequality creates economic, social and political challenges. It can stifle upward social mobility, making it harder for talented and hard-working people to get the rewards they deserve. Intergenerational earnings mobility is low in countries with high inequality such as Italy, the United Kingdom, and the United States, and much higher in the Nordic countries, where income is distributed more evenly (OECD, 2008). The resulting inequality of opportunity will inevitably impact economic performance as a whole, even if the relationship is not straightforward. Inequality also raises political challenges because it breeds social resentment and generates political instability. It can also fuel populist, protectionist, and anti-globalisation sentiments. People will no longer support open trade and free markets if they feel that they are losing out while a small group of winners is getting richer and richer.

 

[T-TownVol]

If I am not mistaken, our constitution only provides for the equality of opportunity, not outcome.

 

[therealUT]

If I am not mistaken, our constitution only provides for the equality of opportunity, not outcome.

Where does the Constitution even provide for the equality of opportunity?

It provides for liberty, justice (in order to insure domestic peace), common defense, and the promotion of general welfare.

 

[T-TownVol]

Where does the Constitution even provide for the equality of opportunity?

It provides for liberty, justice (in order to insure domestic peace), common defense, and the promotion of general welfare.

equal rights kind of covers it doesn't it, of course one has to want it, I did not mean that equal opportunity would be "provided", just available

 

[Weezy]

Re-posted in readable type:

It's a summary, maybe the full document has more. But I read it with the assumption that the indicators are thought to show the stability of the economy, particularly the growth of the middle class.

 

[therealUT]

Wealth-inequality, in itself, does not breed any of these ills. It might be a factor, but it is not a causal factor. The causal factor would be a person who wanted to start ****; ipso facto, wealth inequality is not inherently bad.

 

[gsvol]

 

[theFallGuy]

NYU is going to start offering a class now.

Occupy Wall Street 101 - Charles C. W. Cooke - National Review Online

 

[lawgator1]

.

 

[gsvol]

 

[gsvol]

 

[Rasputin_Vol]

Now they are occupying church property... :crazy:

Arrests as Occupy Protest Turns to Church

 

[volinbham]

common theme. someone helps them - OWS wants more - someone refuses to give more - OWS takes it.

 

[MG1968]

Hackers post cops' personal data to avenge Occupy movement - Washington Times

Computer hackers are avenging the Occupy movement by exposing the personal information of police officers who evicted protesters and threatening family-values advocates who led a boycott of an American Muslim television show.

In three Internet postings last week, hackers from the loose online coalition called Anonymous published the email and physical addresses, phone numbers and, in some cases, salary details of thousands of law enforcement officers all over the country.

 

[n_huffhines]

NYU is going to start offering a class now.

Occupy Wall Street 101 - Charles C. W. Cooke - National Review Online

They've got college classes for everything. I read a few professors have courses where all they do during the semester is watch and discuss the 5 seasons of The Wire.

 

[bamawriter]

They've got college classes for everything. I read a few professors have courses where all they do during the semester is watch and discuss the 5 seasons of The Wire.

Actually, that's a much better use of time than the Occupy movement.

 

[MG1968]

Actually, that's a much better use of time than the Occupy movement.

nah, it's too hard to crap on a cop car while you're sitting in a lecture hall