Never Been A Bigger Idiot President

[OL FU]

It's become a trend watching presidents do things like have insurance companies write our Health Care laws or appoint Exxon Mobil VP's to run the EPA / Wall Street smugglers and Financial swindlers now have permanent residence set-up in the oval office...

At least part of your statement is an argument for smaller, more streamlined government.

100 years ago it didn't take an insurance company CEO to understand insurance laws and regulations. It didn't take a Wall Street guru to understand finance, investment, and macroeconomics, and it sure as hell didn't take an IRS insider to understand our tax code.

Presidents are beholden to these people today because they are the only ones who know dick about government, financial infrastructure, taxation, you name it.

BTW there one way to solve having oil barons at the EPA.... get rid of it.

You're almost there Cleetzang... one little nudge is all it will take and you'll be wearing a tricorner hat down at the next Tea Party rally.



Sent from the center of the universe.

The IRS understands the tax code

[CitadelGrad]

At least part of your statement is an argument for smaller, more streamlined government.

100 years ago it didn't take an insurance company CEO to understand insurance laws and regulations. It didn't take a Wall Street guru to understand finance, investment, and macroeconomics, and it sure as hell didn't take an IRS insider to understand our tax code.

Presidents are beholden to these people today because they are the only ones who know dick about government, financial infrastructure, taxation, you name it.

BTW there one way to solve having oil barons at the EPA.... get rid of it.

You're almost there Cleetzang... one little nudge is all it will take and you'll be wearing a tricorner hat down at the next Tea Party rally.



Sent from the center of the universe.

The IRS understands the tax code

Yes, they understand that its complexity is its beauty. The IRS can "interpret" it as it wishes and always be in the right.

[blueballs]

...and only when it comes to the IRS do we lose our presumption of innocence.

http://www.fairtax.org" onclick="window.open(this.href);return false;

[Chizzang]

It's become a trend watching presidents do things like have insurance companies write our Health Care laws or appoint Exxon Mobil VP's to run the EPA / Wall Street smugglers and Financial swindlers now have permanent residence set-up in the oval office...

At least part of your statement is an argument for smaller, more streamlined government.

100 years ago it didn't take an insurance company CEO to understand insurance laws and regulations. It didn't take a Wall Street guru to understand finance, investment, and macroeconomics, and it sure as hell didn't take an IRS insider to understand our tax code.

Presidents are beholden to these people today because they are the only ones who know dick about government, financial infrastructure, taxation, you name it.

BTW there one way to solve having oil barons at the EPA.... get rid of it.

You're almost there Cleetzang... one little nudge is all it will take and you'll be wearing a tricorner hat down at the next Tea Party rally.

Sent from the center of the universe.

Lets' not get too carried away here...
Firstly do not interpret my frustration with the old-boy buddy buddy political system with me wanting to abolish the EPA. For starters our United States of Corporate America would have our faucets spewing flames and crude oil sneaking into every pool of standing water. (oh wait that already happens)

Secondly I'm not quite stupid enough to think things were better in America in the 50's or 60's or whatever era the Tea Party may harken back to as the good ol days / That's mostly nonsense / and the whole "America used to be great" thing is a fantasy we tell ourselves so we can blame somebody else for what's happening now. Sure you used to be able to shoot a Nig*er back then and nobody cared (oh wait, that's still the same) but anyway you get my point...



I had to incorporate myself and become an LLC just to get my standard U.S. citizens rights back for gods sake. We have a system beholden to one thing only MONEY everything else is just pretending along the way...

Appeasing the poor has never worked better than it does today in enriching the already wealthy
If we keep making it easier to be poor the wealthy will keep getting more wealthy / thats why I find the whole Anti-poor republican stance so laughable / The elite wealthy never complain about the Govt handing out money and bankrupting itself along the way... Isn't that a curious thing?

And the stock market crash simply expedited the process that was already underway...
It got the marginal middle class completely out of the housing market and release tens of thousands of homes for the elite to buy back at nickles on the dollar

The crash eliminated marginal middle class funds from the best money pots
It re-invigorated the old chant of "don't tax the rich"
Full speed ahead / we're right on course

[youtube]http://www.youtube.com/watch?v=bBx2Y5HhplI[/youtube]

[Grizalltheway]

As much as don't like Obama, he still has catching up to do to reach their level damage. He's trying real hard though.

You really need your head examined if you think Obama was a good president.

Was? Last time I checked he was still in office.

[Baldy]

At least part of your statement is an argument for smaller, more streamlined government.

100 years ago it didn't take an insurance company CEO to understand insurance laws and regulations. It didn't take a Wall Street guru to understand finance, investment, and macroeconomics, and it sure as hell didn't take an IRS insider to understand our tax code.

Presidents are beholden to these people today because they are the only ones who know dick about government, financial infrastructure, taxation, you name it.

BTW there one way to solve having oil barons at the EPA.... get rid of it.

You're almost there Cleetzang... one little nudge is all it will take and you'll be wearing a tricorner hat down at the next Tea Party rally.

Sent from the center of the universe.

Lets' not get too carried away here...
Firstly do not interpret my frustration with the old-boy buddy buddy political system with me wanting to abolish the EPA. For starters our United States of Corporate America would have our faucets spewing flames and crude oil sneaking into every pool of standing water. (oh wait that already happens)

Secondly I'm not quite stupid enough to think things were better in America in the 50's or 60's or whatever era the Tea Party may harken back to as the good ol days / That's mostly nonsense / and the whole "America used to be great" thing is a fantasy we tell ourselves so we can blame somebody else for what's happening now. Sure you used to be able to shoot a Nig*er back then and nobody cared (oh wait, that's still the same) but anyway you get my point...



I had to incorporate myself and become an LLC just to get my standard U.S. citizens rights back for gods sake. We have a system beholden to one thing only MONEY everything else is just pretending along the way...

Appeasing the poor has never worked better than it does today in enriching the already wealthy
If we keep making it easier to be poor the wealthy will keep getting more wealthy / thats why I find the whole Anti-poor republican stance so laughable / The elite wealthy never complain about the Govt handing out money and bankrupting itself along the way... Isn't that a curious thing?

And the stock market crash simply expedited the process that was already underway...
It got the marginal middle class completely out of the housing market and release tens of thousands of homes for the elite to buy back at nickles on the dollar

The crash eliminated marginal middle class funds from the best money pots
It re-invigorated the old chant of "don't tax the rich"
Full speed ahead / we're right on course

[youtube]http://www.youtube.com/watch?v=bBx2Y5HhplI[/youtube]

[CID1990]

At least part of your statement is an argument for smaller, more streamlined government.

100 years ago it didn't take an insurance company CEO to understand insurance laws and regulations. It didn't take a Wall Street guru to understand finance, investment, and macroeconomics, and it sure as hell didn't take an IRS insider to understand our tax code.

Presidents are beholden to these people today because they are the only ones who know dick about government, financial infrastructure, taxation, you name it.

BTW there one way to solve having oil barons at the EPA.... get rid of it.

You're almost there Cleetzang... one little nudge is all it will take and you'll be wearing a tricorner hat down at the next Tea Party rally.

Sent from the center of the universe.

Lets' not get too carried away here...
Firstly do not interpret my frustration with the old-boy buddy buddy political system with me wanting to abolish the EPA. For starters our United States of Corporate America would have our faucets spewing flames and crude oil sneaking into every pool of standing water. (oh wait that already happens)

Secondly I'm not quite stupid enough to think things were better in America in the 50's or 60's or whatever era the Tea Party may harken back to as the good ol days / That's mostly nonsense / and the whole "America used to be great" thing is a fantasy we tell ourselves so we can blame somebody else for what's happening now. Sure you used to be able to shoot a Nig*er back then and nobody cared (oh wait, that's still the same) but anyway you get my point...



I had to incorporate myself and become an LLC just to get my standard U.S. citizens rights back for gods sake. We have a system beholden to one thing only MONEY everything else is just pretending along the way...

Appeasing the poor has never worked better than it does today in enriching the already wealthy
If we keep making it easier to be poor the wealthy will keep getting more wealthy / thats why I find the whole Anti-poor republican stance so laughable / The elite wealthy never complain about the Govt handing out money and bankrupting itself along the way... Isn't that a curious thing?

And the stock market crash simply expedited the process that was already underway...
It got the marginal middle class completely out of the housing market and release tens of thousands of homes for the elite to buy back at nickles on the dollar

The crash eliminated marginal middle class funds from the best money pots
It re-invigorated the old chant of "don't tax the rich"
Full speed ahead / we're right on course

[youtube]http://www.youtube.com/watch?v=bBx2Y5HhplI[/youtube]

Well I would be considered a Tea Partier and there's no particular age I would want to hearken back to. Unless you mean the tax code, and yeah I would be relatively ok with going back to about 1915 on that one. Get rid of the payroll deduction while we're at it... make people cut a check every April.

As for shooting ni***ers without consequences, I doubt that was the case because if it was there wouldn't be any left around today.

BTW let me know where some of these houses are that I can buy for nickels on the dollar. I need a new crib in DC. They're still charging at least 300K for a cookie cutter with vinyl walls on a concrete slab in Manassas.


Sent from the center of the universe.

[Beardown]

I don't buy into the whole "this President is dumber than that President" conversation. I can't point to a single President in our history who I would consider to be unintelligent.

I think you're probably right on the last Statement. I doubt we've had any President that wasn't/isn't of above average intelligence.

But we do have one comparison we can make because we have publicly known IQ scores. And I think it's a comparison that kind of shows how you can't really tell who is smarter than who by how they come off on television and/or how successful their Presidency was.

It's John Kennedy vs. Richard Nixon. We have a John Kennedy IQ score of 119 and a Richard Nixon score IQ score of 143. But I don't think that there's any doubt that Kennedy came off as more articulate on television. I suspect that when the two ran against each other if you'd have done a scientific poll the majority would've thought Kennedy was more intelligent. But the opposite was the case.

Obviously Kennedy still wasn't stupid. An IQ of 119 puts him at about the 90th percentile. A one in 10 guy. But an IQ of 143 put Nixon at about the 99.8th percentile. A one in 480 guy. Truly among the intellectual elite. But I'd say Kennedy not only came off better but had the more successful Presidency in spite of its brevity. And he wasn't "stupid" enough to get himself into the kind of trouble Nixon got himself into (when it was totally unecessary).

Are you referring to the first televised presidential debate between Nixon and Kennedy? If so, I'm not sure if I agree with you. I believe those polled and watched it on TV believed Kennedy won, and those who listed to the radio and were polled believed Nixon won.

[kalm]

Lets' not get too carried away here...
Firstly do not interpret my frustration with the old-boy buddy buddy political system with me wanting to abolish the EPA. For starters our United States of Corporate America would have our faucets spewing flames and crude oil sneaking into every pool of standing water. (oh wait that already happens)

Secondly I'm not quite stupid enough to think things were better in America in the 50's or 60's or whatever era the Tea Party may harken back to as the good ol days / That's mostly nonsense / and the whole "America used to be great" thing is a fantasy we tell ourselves so we can blame somebody else for what's happening now. Sure you used to be able to shoot a Nig*er back then and nobody cared (oh wait, that's still the same) but anyway you get my point...



I had to incorporate myself and become an LLC just to get my standard U.S. citizens rights back for gods sake. We have a system beholden to one thing only MONEY everything else is just pretending along the way...

Appeasing the poor has never worked better than it does today in enriching the already wealthy
If we keep making it easier to be poor the wealthy will keep getting more wealthy / thats why I find the whole Anti-poor republican stance so laughable / The elite wealthy never complain about the Govt handing out money and bankrupting itself along the way... Isn't that a curious thing?

And the stock market crash simply expedited the process that was already underway...
It got the marginal middle class completely out of the housing market and release tens of thousands of homes for the elite to buy back at nickles on the dollar

The crash eliminated marginal middle class funds from the best money pots
It re-invigorated the old chant of "don't tax the rich"
Full speed ahead / we're right on course

[youtube]http://www.youtube.com/watch?v=bBx2Y5HhplI[/youtube]

The wealthy have never had it so good Baldy. The Reagan/Thatcher ride to privatization and zero-little taxes for the top producers and corporations is nearly comlete! Where are the jobs? Why are the producers failing at this?

[Chizzang]

The wealthy have never had it so good Baldy. The Reagan/Thatcher ride to privatization and zero-little taxes for the top producers and corporations is nearly comlete! Where are the jobs? Why are the producers failing at this?

It is damn interesting actually...
Previously (before the crash of 2008) I would have never guessed it would have transpired such as it has
the most common theme from that period was "Everybody got hurt"

and that's the REAL joke

The whole sketchy securities of packaged subprime loans and nifty credit default swaps speedily issued to insure these loans only successfully snared the slowest and dullest of the dinosaur banking institutions - but - mostly it killed of the little guys (sound familiar) the marginally independent banks...

and it killed them by the hundreds
Without exaggerating the (FDIC) closed 450 failed banks from 2008 to 2012
in the 50 years prior to that (dating back to 1960) less than 50 banks failed outright in the U.S.

From one or two banks a year failing (and mostly due to internal fraud) to 450 in 4 years... well played sirs

Along with those small annoying banks
who mostly just interfered with JP Morgan (Chase) B of A and Goldman Sachs & the boys from running the entire cash flow of the United States
The middle class was successfully eliminated from the housing market
freeing up 10's of thousands of homes for those with buckets of expendable cash to buy them outright

There's more but I don't want to come across as Expandos'



Suffice to say: Not everybody got hurt in the Big Crash of 2008

[CitadelGrad]

The wealthy have never had it so good Baldy. The Reagan/Thatcher ride to privatization and zero-little taxes for the top producers and corporations is nearly comlete! Where are the jobs? Why are the producers failing at this?

It is damn interesting actually...
Previously (before the crash of 2008) I would have never guessed it would have transpired such as it has
the most common theme from that period was "Everybody got hurt"

and that's the REAL joke

The whole sketchy securities of packaged subprime loans and nifty credit default swaps speedily issued to insure these loans only successfully snared the slowest and dullest of the dinosaur banking institutions - but - mostly it killed of the little guys (sound familiar) the marginally independent banks...

and it killed them by the hundreds
Without exaggerating the (FDIC) closed 450 failed banks from 2008 to 2012
in the 50 years prior to that (dating back to 1960) less than 50 banks failed outright in the U.S.

From one or two banks a year failing (and mostly due to internal fraud) to 450 in 4 years... well played sirs

Along with those small annoying banks
who mostly just interfered with JP Morgan (Chase) B of A and Goldman Sachs & the boys from running the entire cash flow of the United States
The middle class was successfully eliminated from the housing market
freeing up 10's of thousands of homes for those with buckets of expendable cash to buy them outright

There's more but I don't want to come across as Expandos'



Suffice to say: Not everybody got hurt in the Big Crash of 2008

It wasn't just the small banks. Shearson? M-L? Bear? Of course, Bear had been having trouble for years and the sub-prime collapse was their final straw. Still, those three banks comprised a very significant place on Wall Street and their demise nearly brought the entire system down.

Nearly everyone did get hurt and now that we are five years past the initial collapse, not all of the damage is yet apparent. TARP masked the real carnage to some extent, but the real facade is the several iterations of QE.

How much of the anemic GDP growth numbers and extremely bullish equity valuation growth is attributable to QE? Eventually we'll find out. QE can't go on forever. My guess is that once that rug is pulled, we'll find ourselves in a long and deep recession, and the retail equity investor who thinks he so goddamn smart now will be struggling to avoid bankruptcy.

The only thing that QE has done, aside from the obvious transfer of wealth from the middle class to domestic and overseas banks, is raise the equity risk premium to a 40-year high. That gap can be resolved in only one of three ways: 1) a massive plunge in equity prices; 2) a rapid increase in interest rates; or the most likely scenario, 3) equities drop and interest rates rise to meet somewhere in the middle.

In other words, we're all due for a massive fucking.

[93henfan]

It is damn interesting actually...
Previously (before the crash of 2008) I would have never guessed it would have transpired such as it has
the most common theme from that period was "Everybody got hurt"

and that's the REAL joke

The whole sketchy securities of packaged subprime loans and nifty credit default swaps speedily issued to insure these loans only successfully snared the slowest and dullest of the dinosaur banking institutions - but - mostly it killed of the little guys (sound familiar) the marginally independent banks...

and it killed them by the hundreds
Without exaggerating the (FDIC) closed 450 failed banks from 2008 to 2012
in the 50 years prior to that (dating back to 1960) less than 50 banks failed outright in the U.S.

From one or two banks a year failing (and mostly due to internal fraud) to 450 in 4 years... well played sirs

Along with those small annoying banks
who mostly just interfered with JP Morgan (Chase) B of A and Goldman Sachs & the boys from running the entire cash flow of the United States
The middle class was successfully eliminated from the housing market
freeing up 10's of thousands of homes for those with buckets of expendable cash to buy them outright

There's more but I don't want to come across as Expandos'



Suffice to say: Not everybody got hurt in the Big Crash of 2008

It wasn't just the small banks. Shearson? M-L? Bear? Of course, Bear had been having trouble for years and the sub-prime collapse was their final straw. Still, those three banks comprised a very significant place on Wall Street and their demise nearly brought the entire system down.

Nearly everyone did get hurt and now that we are five years past the initial collapse, not all of the damage is yet apparent. TARP masked the real carnage to some extent, but the real facade is the several iterations of QE.

How much of the anemic GDP growth numbers and extremely bullish equity valuation growth is attributable to QE? Eventually we'll find out. QE can't go on forever. My guess is that once that rug is pulled, we'll find ourselves in a long and deep recession, and the retail equity investor who thinks he so goddamn smart now will be struggling to avoid bankruptcy.

The only thing that QE has done, aside from the obvious transfer of wealth from the middle class to domestic and overseas banks, is raise the equity risk premium to a 40-year high. That gap can be resolved in only one of three ways: 1) a massive plunge in equity prices; 2) a rapid increase in interest rates; or the most likely scenario, 3) equities drop and interest rates rise to meet somewhere in the middle.

In other words, we're all due for a massive fucking.

Basically, we're in the armpit of the head and shoulders pattern and we're running out of deodorant.

Hah, good one.

[Ibanez]

It is damn interesting actually...
Previously (before the crash of 2008) I would have never guessed it would have transpired such as it has
the most common theme from that period was "Everybody got hurt"

and that's the REAL joke

The whole sketchy securities of packaged subprime loans and nifty credit default swaps speedily issued to insure these loans only successfully snared the slowest and dullest of the dinosaur banking institutions - but - mostly it killed of the little guys (sound familiar) the marginally independent banks...

and it killed them by the hundreds
Without exaggerating the (FDIC) closed 450 failed banks from 2008 to 2012
in the 50 years prior to that (dating back to 1960) less than 50 banks failed outright in the U.S.

From one or two banks a year failing (and mostly due to internal fraud) to 450 in 4 years... well played sirs

Along with those small annoying banks
who mostly just interfered with JP Morgan (Chase) B of A and Goldman Sachs & the boys from running the entire cash flow of the United States
The middle class was successfully eliminated from the housing market
freeing up 10's of thousands of homes for those with buckets of expendable cash to buy them outright

There's more but I don't want to come across as Expandos'



Suffice to say: Not everybody got hurt in the Big Crash of 2008

In other words, we're all due for a massive fucking.

I hope they use lube.

[Chizzang]

It wasn't just the small banks. Shearson? M-L? Bear? Of course, Bear had been having trouble for years and the sub-prime collapse was their final straw. Still, those three banks comprised a very significant place on Wall Street and their demise nearly brought the entire system down.

You'll note in my post I say "Mostly" Small Banks
The exact number the FDIC closed is 465
of which less than 5 were considered larger institutions / so that's about 100-to-1

[Baldy]

The wealthy have never had it so good Baldy. The Reagan/Thatcher ride to privatization and zero-little taxes for the top producers and corporations is nearly comlete! Where are the jobs? Why are the producers failing at this?

It's OK, kalm. Whats so funny is Chizz using contradictions, hyperbole, and false narratives to get his "point" across.

You damn right the elite wealthy have never had it better. Look at who they are and whom they support.

[Chizzang]

The wealthy have never had it so good Baldy. The Reagan/Thatcher ride to privatization and zero-little taxes for the top producers and corporations is nearly comlete! Where are the jobs? Why are the producers failing at this?

It's OK, kalm. Whats so funny is Chizz using contradictions, hyperbole, and false narratives to get his "point" across.

You damn right the elite wealthy have never had it better. Look at who they are and whom they support.

Feel free to correct my post...
Of course I am only repeating the information that was given to me / I'm not a Wall Street Insider
But Darrell Issa is one of the owners and chairmen of the company I work for
I look forward to you educating me and contradicting my information

whenever you're ready

Oh and in 2008, when Congress was asked to pass (TARP)
Darrell opposed giving a blank-check bailout to Wall Street – he voted against all bailouts during the financial crisis... (just an FYI) Most of the information I am spewing out ^ up there in that long post came from a Republican not some crazy conspiracy driven Liberal

[CitadelGrad]

It wasn't just the small banks. Shearson? M-L? Bear? Of course, Bear had been having trouble for years and the sub-prime collapse was their final straw. Still, those three banks comprised a very significant place on Wall Street and their demise nearly brought the entire system down.

You'll note in my post I say "Mostly" Small Banks
The exact number the FDIC closed is 465
of which less than 5 were considered larger institutions / so that's about 100-to-1

Yeah, but those numbers are meaningless. It's the size that matters. If you combine the assets of all 465 of those banks, they amount to only a small fraction of the assets of one of the large Wall St. banks that went under.

[Chizzang]

You'll note in my post I say "Mostly" Small Banks
The exact number the FDIC closed is 465
of which less than 5 were considered larger institutions / so that's about 100-to-1

Yeah, but those numbers are meaningless. It's the size that matters. If you combine the assets of all 465 of those banks, they amount to only a small fraction of the assets of one of the large Wall St. banks that went under.

Explain it away however you like...
The FATCS are: There are now 465 banks "out of the way" of the big guys

Eaxample:
There are now 6 companies that control virtually all of the Media information disseminated to the public
How's that working out..?

[AZGrizFan]

Yeah, but those numbers are meaningless. It's the size that matters. If you combine the assets of all 465 of those banks, they amount to only a small fraction of the assets of one of the large Wall St. banks that went under.

Explain it away however you like...
The FATCS are: There are now 465 banks "out of the way" of the big guys

Eaxample:
There are now 6 companies that control virtually all of the Media information disseminated to the public
How's that working out..?

Those 465 were like pimples on a gnat's ass to the "big guys". Trust me, they're not losing a lot of sleep in the Chase boardroom over how Umtysquat Community Bank is harming their business.

[Chizzang]

Explain it away however you like...
The FATCS are: There are now 465 banks "out of the way" of the big guys

Eaxample:
There are now 6 companies that control virtually all of the Media information disseminated to the public
How's that working out..?

Those 465 were like pimples on a gnat's ass to the "big guys". Trust me, they're not losing a lot of sleep in the Chase boardroom over how Umtysquat Community Bank is harming their business.

Well they sure as F*ck aren't now obviously...
Now all that business is channeled through the big 4

[CID1990]

Big banks, big oil. Providing populist targets for the left since god knows when.

http://www.bostonglobe.com/opinion/2013 ... story.html" onclick="window.open(this.href);return false;


Sent from the center of the universe.

[AZGrizFan]

Those 465 were like pimples on a gnat's ass to the "big guys". Trust me, they're not losing a lot of sleep in the Chase boardroom over how Umtysquat Community Bank is harming their business.

Well they sure as F*ck aren't now obviously...
Now all that business is channeled through the big 4

465 banks are gone. As are several dozen credit unions. Most probably were poorly run and needed to be gone anyways. There's still 15,000+ community banks/credit unions in America....I don't think weeding out 3-4% of them caused a huge shift in how business is being "channeled".

[JohnStOnge]

Lets' not get too carried away here...
Firstly do not interpret my frustration with the old-boy buddy buddy political system with me wanting to abolish the EPA. For starters our United States of Corporate America would have our faucets spewing flames

I do support abolishing the EPA. We'd be fine without it.

And that thing in "Gasland" about faucets spewing flames has been shown to be misleading. But I"m guessing you already know that.

[Chizzang]

Big banks, big oil. Providing populist targets for the left since god knows when.

http://www.bostonglobe.com/opinion/2013 ... story.html" onclick="window.open(this.href);return false;


Sent from the center of the universe.

Duh...
Frankly I HATE our Federal Reserve system
Privately owned banks controlling our financial system (period) HATE (period)
and
My family has made more filthy blood money from oil than I care to divulge - but - it's obscene
Mostly I feel like this guy

Mongo live in complicated world
Mongo only pawn

[kalm]

At the end of the day, the big banks have a greater share of the market. This was either by design, or they were stupid and lucky enough to benefit. Which one is it? In either case they are not qualified to be in charge of the economy, yet through regulatory and electoral capture, that is EXACTLY what they are.

A moralistic and self regulatory free market which raises all or even most boats is a total myth. Go play monopoly if you don't understand.