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-   -   Wall Street Protests (https://www.revscene.net/forums/654395-wall-street-protests.html)

bing 10-15-2011 03:57 PM

Quote:

Originally Posted by gars (Post 7615503)
So true - Greeks work hard - they just don't like to pay taxes. Too much stuff happening under the table to get around paying taxes.

"Either a very different means of calculating "work" is involved, or the numbers are about as reliable as the Greeks' annual tax filings (or reported state budgets)"

minoru_tanaka 10-15-2011 04:39 PM

Quote:

Originally Posted by bing (Post 7615501)
Great comparison :facepalm:

How many people are going to become Karl Icahn's or George Soros'.
How many people can even get into an Ivey like Princeton or competitive school like LSE ?

Thanks for responding Taylor.

ps Taylor would not spell Ivy wrong

edit btw how many UBC B. Comm grads become bank tellers?

CorneringArtist 10-15-2011 05:12 PM

Just caught up on the news with the sympathy protests. Portugal and Spain I think can justify the protests, but HK and Vancouver? Am I missing something here, or are the hipsters coming out to bitch they can't get jobs with their arts degrees and daily 5 dollar decaf triple foam chai latte with the caramel swirl?

Ronin 10-15-2011 05:16 PM

Because income inequality is high in HK apparently? Probably close to the US? Maybe even worse?

Canada is actually on the lower end of income inequality.

CorneringArtist 10-15-2011 05:17 PM

Quote:

Originally Posted by Ronin (Post 7615602)
Because income inequality is high in HK apparently? Probably close to the US?

Makes a little more sense now if that's true, but Vancouver's protest is full of ironing based on observations made here.

Culverin 10-15-2011 05:30 PM

I suck at trying to explain things, so please bear with me here.

Vancouver isn't necessarily there because we were hit hard.
Even if Vancouver got massively big, I think it's quite legitimate as a sign of solidarity. There were plenty of 1%ers in New York. But they aren't too jaded to understand that they lucked out and had advantages within a broken system.

Just because I stand with the poor doesn't mean I would fake it and throw my sim card back into a beater phone, or wear my painting clothes to a protest. It actually lends a lot more legitimacy to the protest if you are dressed nicely and well spoken and literate. If it truly was just a bunch of pot head hippies that went to the protests, the world would just ignore them.


Does that make any sense at all?

hillmar 10-15-2011 05:54 PM

The way I understood it was it was a day of support for the people doing the wall street protest. I really don't feel Vancouver is even close to what's going on in wall street since most of the few extremely wealthy living here accumulated their wealth somewhere else. Listen to a interview with msnbc with Michael Moore and what he said was the rich got extremely rich while the workers got the slip.

bing 10-15-2011 06:28 PM

Quote:

Originally Posted by minoru_tanaka (Post 7615552)
Thanks for responding Taylor.

ps Taylor would not spell Ivy wrong

edit btw how many UBC B. Comm grads become bank tellers?

you quoted a reply that was made to my original remark is why I responded. I don't care that I made a simple spelling error.

SFUguy 10-15-2011 06:35 PM

did anyone hear the native girl who rapped on stage talking about rats and that she's crazy?

CorneringArtist 10-15-2011 06:57 PM

Not sure if this was posted, a buddy of mine on FB found this Calvin & Hobbes comic that explains the issue here, sort of.
http://c1redgreenandblueorg.wpengine...all_street.jpg

taylor192 10-15-2011 07:01 PM

Quote:

Originally Posted by StylinRed (Post 7615280)
didnt some companies default on their bailouts

and others used govt loans to payoff their bailout (kind of like using credit cars to pay off other credit cards)

etc

Did they? or didn't they? You don't seem to now, so why are you criticizing?

bing 10-15-2011 07:10 PM

Quote:

Originally Posted by Ronin (Post 7615602)
Because income inequality is high in HK apparently? Probably close to the US? Maybe even worse?

Canada is actually on the lower end of income inequality.

You're absolutely right, HK is worse than even the US.

Source: http://siteresources.worldbank.org/D...s/table2_7.pdf

Pretty much seems like all countries experience this type of issue.

taylor192 10-15-2011 07:11 PM

Quote:

Originally Posted by minoru_tanaka (Post 7615444)
Everybody picks on philosophy majors.
Karl Icahn
Carl Icahn - Wikipedia, the free encyclopedia
George Soros
George Soros - Wikipedia, the free encyclopedia

Come at me Taylor!

For what? if you want to take a philosophy degree hopefully you know the odds of becoming successful in that field, which you'll agree are slim, not impossible. Just don't join the 99% saying the system was stacked against you, cause you made the choice.

I was bankrupt when I went to school, so my degree selection was 100% based on systems/computer engineers were in high demand and paid very well. I'd rather be an architect, yet its a very hard field to be successful, like philosophy, so I didn't make that choice.

taylor192 10-15-2011 07:17 PM

Quote:

Originally Posted by Ronin (Post 7615602)
Because income inequality is high in HK apparently? Probably close to the US? Maybe even worse?

Canada is actually on the lower end of income inequality.

Yep, yet our income equality has bee increasing at a faster rate than the US. If that continues, we will catch them in a few decades.

All you have to do is look around Vancouver to see the inequality, this city has perhaps the biggest inequality I've seen of all Canadians cities, and investor class immigration isn't helping matters.

taylor192 10-15-2011 07:18 PM

Quote:

Originally Posted by bing (Post 7615508)
"Either a very different means of calculating "work" is involved, or the numbers are about as reliable as the Greeks' annual tax filings (or reported state budgets)"

LOL Love it!

SkinnyPupp 10-15-2011 07:55 PM

I posted this in the other thread that popped up for some reason, so I'll repost it here

CHARTS: Here's What The Wall Street Protesters Are So Angry About...

zulutango 10-15-2011 07:59 PM

Yeh....Moore himself is a multi-millionaire who even owns stock in the companies he smears. How about volunteering more of your income to the IRS and put your money where your big mouth is if you actually believe the BS you spew?

Culverin 10-15-2011 08:02 PM

Shit got real in Madrid.


V4NC1TY 10-15-2011 08:07 PM



Manic! 10-15-2011 08:43 PM

Quote:

Originally Posted by zulutango (Post 7615857)
Yeh....Moore himself is a multi-millionaire who even owns stock in the companies he smears.

Whats wrong with that?

cressydrift 10-15-2011 08:49 PM

Saw this on my feed,

http://a1.sphotos.ak.fbcdn.net/hphot...03041983_n.jpg

StylinRed 10-15-2011 08:50 PM

Quote:

Originally Posted by taylor192 (Post 7615747)
Did they? or didn't they? You don't seem to now, so why are you criticizing?

:facepalm:

Ronin 10-15-2011 11:33 PM

Quote:

Originally Posted by taylor192 (Post 7615774)
Yep, yet our income equality has bee increasing at a faster rate than the US. If that continues, we will catch them in a few decades.

All you have to do is look around Vancouver to see the inequality, this city has perhaps the biggest inequality I've seen of all Canadians cities, and investor class immigration isn't helping matters.

I guess our affluent areas are more...affluent, sort of but I really don't think that's the case and it definitely isn't an elite 1% here. If you mean the shrinking middle class, then yes, I sort of agree there but either way...things just simply aren't that bad here. Some people might have a tougher time earning a living but at least they didn't get screwed by the banking crisis and can go to the hospital when they break their faces.

Quote:

Originally Posted by V4NC1TY (Post 7615872)

I LOL'ed.

taylor192 10-16-2011 04:30 PM

Quote:

Originally Posted by SkinnyPupp (Post 7615849)
I posted this in the other thread that popped up for some reason, so I'll repost it here

CHARTS: Here's What The Wall Street Protesters Are So Angry About...

I doubt most of them are educated enough to understand these charts. This is the most interesting chart, cause its looked as a negative, yet why? When adjusted for inflation, we make about the same as we did 5 decades ago. That's what should happen, cause if wages are more than inflation, then inflation just catches up as people have more money to spend, and thus spend it.

http://static5.businessinsider.com/i...n-50-years.jpg

taylor192 10-16-2011 04:33 PM

Quote:

Originally Posted by Ronin (Post 7616084)
I guess our affluent areas are more...affluent, sort of but I really don't think that's the case and it definitely isn't an elite 1% here.

Doesn't matter what you think, the stats speak for themselves. If we continue the same pace of inequality increases, we'll eclipse the US in a few decades.

Income inequality rising quickly in Canada - The Globe and Mail

Quote:

Canada’s Gini index hit 0.320 in the late 2000s from 0.293 in the mid-1990s. During the same period, the United States’ Gini index rose to 0.378 from 0.361.


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