Jumpergate - Cameron believes wrapping up warm is way to beat rising energy bills

ok :sunny:



,

please site the part that you think was disingenuous

 

Start>Finish

 

That's a bit vague. All I can say is that I don't think that I have ever argued disingenuously.

 

There is a difference in the size of peoples wealth. They are unequal.

How/where is it 'growing'?

You included in your definition: Lack of equality
Equality: the state or quality of being equal
Which, to me, suggests there should be 'equality'
Which is where I have a problem with the whole idea of 'wealth inequality'

 

I think your No. points are a little too neat and tidy.

 

JP Morgan Chase has agreed to pay a record breaking fine to the Justice Department to settle federal and state lawsuits over the bank's mortgage-backed securities business at the height of the financial collapse, according to multiple reports.

The deal does include a roughly $4 billion agreement with the Federal Housing Finance Agency to settle allegations that J.P. Morgan misled Fannie Mae FNMA +0.65% and Freddie Mac about the quality of loans it sold them in the run-up to the 2008 financial crisis, the person said.
The deal would also resolve a separate suit brought by New York state's attorney general, Eric Schneiderman, the person said.
So that equals out to $9 billion in fines and that separate $4 million going to relief for struggling home owners. Reuters is reporting the same numbers.

The settlement does not relieve JPMorgan from the Justice Department's ongoing criminal investigation of "the bank's issuance of mortgage-backed securities between 2005 and 2007," the Journal says. The criminal probe had lawyers for both sides at a gridlock: JPMC wanted the investigation dropped, but Holder refused, and then squeezed the bank for money, according to The New York Times: The penalties eclipse what the bank previously offered to pay. Until now, JPMorgan was offering about $11 billion in total. And it was refusing to increase its offer until the Justice Department dropped a parallel criminal investigation into the bank’s sale of troubled mortgage securities to investors.

http://www.theatlanticwire.com/nati...ing-13-billion-justice-department-fine/70713/

 

DEY TERK UR JERBS!!!!!!




Also, I usually have my heat set around 65° in the winter.

 

This is an article about the United States, but as it notes, it is a broader phenomenon.

http://en.wikipedia.org/wiki/Income_inequality_in_the_United_States

I don't advocate total equality of wealth. To be more precise, the fundamental problem is not that wealth distribution is unequal, but that many people have far less than what they need, while others have far more. It's also a problem that many rich people aren't doing things that make the world a better place, but rather are making things worse.

http://www.globalissues.org/article/26/poverty-facts-and-stats

About 880 million people in the world are trying to survive on just $1 per day. According to UNICEF, 22,000 children die each day due to poverty.

Contrast that with this:

I can't find the source, but I think I also read an article about someone spending $7 million on a diamond necklace for their cat.

So some people have (and spend) far more money than they really need to be happy, whereas others are dropping dead because they don't have a dollar a day. I think that's a problem.

Many of those wealthy people's money comes from: selling people things they don't need and that don't make their lives better, and therefor needlessly exhausts natural resources; pollution and acceleration of global warming; products that cause disease; products and services that use slave labor or labor conditions where workers can not protest; natural resource extraction that often involves support of oppresive governments, human rights violations, and genocide; fraud; etc.

That many people are making money, without producing value, or producing negative value, is also a problem.

 

I think it's great that they may have to pay a $9 B fine (if they don't end up wiggling out if it one way or another).

The banking industry caused $7 trillion dollars in economic damage.

 

you think that's it?

man the banking industry has caused more economic damage than any tax payer could ever imagine.

This goes back centuries, more than most can fathom.

Realize who you debating with and you'll save yourself some decades of argument.

 

I've read it before. When I read about: Gini coefficient/ A Gini coefficient of zero expresses perfect equality, where all values are the same (for example, where everyone has an exactly equal income). A Gini coefficient of one (100 on the percentile scale) expresses maximal inequality among values (for example where only one person has all the income) - I realised it wasn't for me.

I wasn't really talking about abject poverty.
However, would you like to work out the Gini coefficient with regard to the average annual income in the UK and US and an average annual income of $365?

How many times have you dropped 25c, watched it roll under a machine, and thought: I won't bother getting that?

Do you think you are within the others who have far more?
I'm not opposed to talking about raising the mobility of those less fortunate than most of us here.

I read/hear this a lot: comparing people who have virtually nothing, and those who have millions.
Bashing rich people for not doing enough etc etc etc.
Well, what about those that earn an average wage - what about comparing them to people who are trying to live on $1 a day?
What about you and I?
What about comparing the average wage in the two countries, rather than comparison of extremes.
I really couldn't care less about what millionaires do with their money, or comparing that to somebody living on $1.
That's not where my prejudice resides and festers...

 

Hmm lets see, so Britain has poor people. Whats the solution?

Let me think. Well 65% of all new jobs over the past 10yrs in England went to immigrants. (I'll let someone else Google the source) And the welfare bill has swollen massively too.. duhhh down to the policy of having lots of immigrants...

Doesn't really take Einstein to come up with a solution does it?

Cue acidic reality dodging comments about rocks and crawling..

 

The Gini coefficient is a measurement rather than advocacy of a policy. It's not clear why it is not for you.

I've explained that there is growing inequality and the problems related to it. I haven't bashed rich people just for being rich, though even if your money is well earned, I still think some rich people spend there money on ridiculous wasteful extravagance. Reach your own conclusions.

 

This entire thread:

 

Tony Blair always looks like Satan to me.

 

Why don't YOU. It's YOUR point - not OURS.

 

Perhaps. But that seems to be what you are basing your 'growing inequality' from.

'ridiculous wasteful extravagance'

'Many of those wealthy people's money comes from: selling people things they don't need and that don't make their lives better, and therefore needlessly exhausts natural resources; pollution and acceleration of global warming; products that cause disease; products and services that use slave labor or labor conditions where workers can not protest; natural resource extraction that often involves support of oppressive governments, human rights violations, and genocide; fraud; etc.'

My conclusion is that is 'bashing'

 

Whats this? The royal "ours" now? You're obviously spokesman oops *person* for the whole forum now?

I know its a fact. I showed it you before here. If someone is too daft to accept the truth, then it's them losing out.

 

are you english imnotaman

 

Why don't YOU post it. It's YOUR point - not MINE. (Happy?)

YOU thinking it is a fact, and you perhaps posting it here before - isn't really helping the situation now, is it? I can't 'accept' the 'truth' If I have no idea what you are basing this on, can I?