U.S. Wealth Gap Is Widest in at Least 30 Years

1) That is news to me. I was under the impression that an individual is prohibited from printing money. So, unless someone is printing, money supply is quite finite, possibly even to the detriment of the economy.

2) I don't blame anyone, however, you seem to be blaming the 47% for their lot in life. As if almost half of the nation are moochers and a takers (not my words). It's a quite dreadful opinion of fellow Americans.

 

So you're saying earning money and doing well in life is a zero sum game? Care to prove that?

I blamed no one for anything. I simply offered a statement of fact. Show me otherwise.

 

I was.

And what you said, including this false misrepresentation, is a matter of record.

 

You put up everything but fed income tax.

 

Another false misrepresentation, proved by the record.

 

Statistics tell us that for every one known job opening that exists in this country, there are three individuals needing that job. How is that the fault of the 47%?

 

It recently fell to just below 2.

 

That is good news. Then the right will have to grapple with a new figure now. Let me guess, now they can demonize the 30%?

 

Again. Who blamed anyone for anything? Dodge noted.

 

I say implement a flat tax. No loopholes, no deductions. Get rid of, or seriously downsize the IRS.

 

This is all according to plan.
"U.S. Ieaders have striven with much success to repress (1) the emergence of competing forms of production (socialist, collectivist, communitarian); and (2) competing capital formations (prosperous autonomous capitalist economies, or mixed ones, in emerging nations, and with FTAA and GATS, all public sector services except police and military in all capitalist countries. The goal is the Third Worldization of the entire world, including Europe and North America, a world in which capital rules supreme with no public sector services; no labor unions to speak of; no prosperous, literate, effectively organized working class with rising expectations; no pension funds or environmental, consumer, and occupational protections, or medical plans, or any of the other insufferable things that cut into profit rates."
Michael Parenti
http://www.thirdworldtraveler.com/Thirdworldization_America/Thirdworldization_Amer.html

 

Agreed.

However... what about unjust uses of our tax dollars as means of redistributing wealth?

 

It isn't at all what has happened.

This country has continually made wealth for all income classes.

You do realize that people in poverty 200 years ago lived in a tin shanty with a wood fireplace and no actual material possessions.

Throughout our history, all of our income classes have experienced wealth and income growth.

The idea that one group got rich, because another got poor is absolute non-sense. If you believe that, I suggest you do some reading on economics, specifically the concept of zero-sum economics.

http://www.povertycure.org/issues/the-zero-sum-fallacy/

You are so engrossed in your created envy about the rich, you can't even see that your entire view is one big fallacy.

They have seen little to no growth because they haven't captured the creation of wealth. They aren't poor because somebody else is rich, they are poor because they didn't gain wealth.

Wealthy people are wealthy because they know how to grow their money. They know how to take actions to capture wealth growth that we as an entire country has experienced.

If we lived in a static economic condition, we would not have inflation. In fact, we would have deflation due to population growth in a static currency. The fact of the matter is, we see wealth growth for ALL classes day in and day out.

Whats worse, you desire to TAKE more money from the people who have captured it, to reward those that haven't. Nice economic system there bud. If you want to see what it is like to live in an economy that experiences no growth, keep on attempting to reward those disproportionately for their responsibility for the growth.

Your entire perspective is one of envy and jealousy. What an ugly, ugly, perspective.

My guess is, you are one of the ones who has done a poor job of creating wealth for this economy, thus you desire the wealth of others because you feel entitled to it for simply breathing. For good reason, that isn't how it works.

I am very happy people with your perspective are in a massive minority.

 

Who do you think is hoarding dollars?

One person I know keeps $2,500 dollars on hand, but that's only a tiny fraction of a percent of his total wealth. Most people give their dollars to others in exchange for other goods.

 

I don't consider using coercion to take the property of my neighbor to be just.

 

Can't say that I blame them.

Free ObamaPhone, free health care, free food stamps, subsidized housing.

Computers, vehicles, wide screen TVs....is this really the definition of poor?

 

Interesting article.

Who do you think is hoarding dollars and what amounts are we talking?

 

Proving my point about your false misrepresentation for the board to see.

 

Great plan if your goal is to make the richest richer and poorer poorer. Which it is, isn't it?

 

The government paid same amount for a rich person as it did a poor person.

 

If you dont have a job, it doesnt trickle down. Youre ignoring the trickle.

You gotta get in the trickle, so you can get more trickle.

Its pretty sweet.

 

Scores of millions have had jobs over the past 35 years but have not shared in America's growth and prosperity because virtually all of it has gone to the richest since the Reagan "trickle down" revolution.

It hasn't been "trickle down". It's been "tinkle down".

 

Na, when the tax rates were super high before Reagan, nobody got what you can get today. Many welfare programs didnt even exist.

But thats not the trickle Reagan was talking about.

Reagan wasnt talking about some tax payer funded handout.

Reagan believed the best social program, was a JOB.

Get a job, Get good at your job, Get a better job, etc....

Its time to get in the trickle, so you can get more trickle.

If you depend on the government, youre always gonna be poor.

[video=youtube;5OzAywPa9vg]https://www.youtube.com/watch?v=5OzAywPa9vg[/video]