Income inequality in America...I want your thoughts on this.

It may be an "evolution" due to our supreme law of the land and that form of social Contract. However, full employment of resources in any given market is what, in my opinion, supply side economics should always be about when practiced by any public sector.

 

I've seen this video. I think it's disgusting that very few people who contribute nothing to society have 40% of the total wealth in America. Our current economic system is (*)(*)(*)(*).

 

Why blame only the least wealthy for public policy decisions that haven't worked for around a generation, while not calling them forms of theft?

 

Whenever someone offers a solution that even ever so slightly deviates from right wing ideology, the response usually includes one or more of the following: communism, marxism, russia, china, soviet, socialism, evil, stalin, etc..

 

Sorry to disappoint, I'm not right wing, I'm a libertarian so both sides thing I'm a nut job. I just call it like I see it. I believe supply and demand are in a constant struggle to find the most efficient use of resources. Manipulation on one side causes an unbalanced equation. It isn't always pretty or fair, just like life.

The question I want answered is: why doesn't our schools teach children how to create wealth?

This man says it far better than I ever could.
[video=youtube_share;RWsx1X8PV_A]http://youtu.be/RWsx1X8PV_A[/video]

 

No, it doesn't. Obama's failure has nothing to do the left-right-ideology.
Whatever he does, cutting down spendings, budgets or subsidies, his economic policies rely on monetary investment. To be honest, USA has fiscally fallen from the edge into the water.
Obama is the prototype of wasting money and increasing debts, which will not stand.
His black bonus is run down. Just holding fancy speeches to the population and the world is not enough to guide a country, such as the USA, through the greatest economic and political challenges since that piece of earth was discovered.
I heard a lot talking about USA being the greatest country on earth. It isn't any more. First thing is to actually admit its failures, pitfalls and crisis, openly name and then seize the opportunities the country has, such as the big enormous social potential. Americans are generous, friendly and helpful people. There you can start off.
Politically speaking, shape gov's influence over public and private sector. If you wanna run your institutions with success, you need to downsize the gov. All its weight and financial inability is doomed to fail. And Obama, unfortunately, is not gonna change that.

 

Actually, you are "right-wing." Fiscally.

In my opinion, schools should teach us how to contribute the most to our society and give us the knowledge to effectively participate in our democracy. Sorry if that's what you meant by wealth.

Good ol' Freidman. I agreed with most of what he said, except for when he semi-defended crony capitalism toward the end.

 

I didn't mention a thing about Obama. Either you think I worship him because of my profile pic or you're that one guy on every political forum I've seen with an obsessive case of Obamaphobia

 

No, I don't suffer from obamaphobia, but whatever libertarians or capitalist critisize, people associate it with an anti-socialist or inhuman attitude like this.
Have you read Capitalism and Freedom? One of the most influential books of last century. and then people come and argue, that libertarian theory is inhuman and a mind creation. And the lefties wouldn't let it go, they even accused Friedman of having had close ties with Pinochet, the fachist from Chile. They don't feel ashamed of pouring down dirt on those honorable, smart and wise gentlemen from the truly liberal side.
Well, I am closer to the austrian school than to the chicago boys.

- - - Updated - - -

No, I don't suffer from obamaphobia, but whatever libertarians or capitalist critisize, people associate it with an anti-socialist or inhuman attitude like this.
Have you read Capitalism and Freedom? One of the most influential books of last century. and then people come and argue, that libertarian theory is inhuman and a mind creation. And the lefties wouldn't let it go, they even accused Friedman of having had close ties with Pinochet, the fachist from Chile. They don't feel ashamed of pouring down dirt on those honorable, smart and wise gentlemen from the truly liberal side.
Well, I am closer to the austrian school than to the chicago boys.

 

I agree with a lot of libertarian ideology. It's just that your entire last post was centered around Obama, which I found funny.

I would also like to add that people of all political ideologies "pour dirt" on opposing ones. Not defending modern liberalism, just thought I'd make that point.

 

How did they become rich if they've contributed nothing to society?

 

A better question is: why don't our schools teach children the difference between creating wealth and rent seeking?

 

I already explained why I started with the year after World War I. If you choose to disbelieve it (fitting in with your opinion).... not my problem.

Yeah ? In what post ? I challenge you to show where I said those words. You can apologize after you can't come up with it.

I am RIGHT, and you know it. But then, if I'm going to be accused of the crime, maybe I might as well commit it (wink)
Let's really move the goal posts. Let's look at all the years that the top tax was 67% (only 3 % points less than 70, over your 100 year period, OK ? HA HA. Thus is fun. Egg on your face AGAIN.

Well, it shows up as 51 years out of 100. Got that ? 51% (AKA MOST of the past 100 years, the top tax was 67% or higher. So, we can conclude (you must agree or you wouldn't have been fighting this so hard) that 67% or higher (using a 100 year standard) is the NORMAL top bracket tax rate. HA HA HA. Glad you agree.

So how about we raise the top tax to 67%. You'd be OK with that ? (we used YOUR 100 year standard, right ? Right, MissJonelyn ? Right ? Right ?)

Game, Set, Match.

By my original standards (the past 95 years) starting with 1918, there are 49 years with a top tax rate of 70% or higher.

What's the matter, don't those Hong Kong schools teach you how to count ? Want me to sent you one of those bead counters they use in the first grade ? Bwa ha ha ha ha ha (Burt Reynolds laugh) >> http://www.flickr.com/photos/glenhsparky/5262443197/in/photostream/

Yes, you do indeed have a problem (this is too funny)

 

You know !! You do it every day, don't you ?

 

At only 7.25 an hour, it is a huge problem for thse who wotk fo rthat wage, as well as every business owner (including stockholders) whose sales are held down because of it.

Oh gee, looks like Miss Jonelyn dropped the ball again. We were talking about MedicAID, not Medicare. Pheeeeeeeeww!! (high-pitched whistle). Getting not quite enough sleep lately ?

The Social Security I receive (after paying into it for 50 years) is not leeching. Leeching is the multimillions and billions that corporate fat cats do to their workers. As for why it's wrong when illegal aliens do it, read this >>> http://www.politicalforum.com/polit...xican-invasion-united-states-1950-2012-a.html

Slight problem there. I taught college classes in the 70s. I started my business in 1983 (and owned it until 1994) Looks like MJ drops the ball again. There goes that baseball contract. Also, I was successful both in college and in business.

Yup, you've been losing sleep all right. Try reading the quote again. I said I SOLD THE BUSINESS, and then moved to Florida. Pheeeeeeeeww !! I owned the business from 1983 to 1994. Got it now ?

I can't believe you dropped the ball AGAIN.

 

Your explanation doesn't make sense and is based on sheer stupidity. 1918 is not an any more modern period of economics than 1915. That is just your lack of economic understanding talking. Both years are both in the same decade. Not to mention, World War I ended in LATE 1918 and didn't fully end until 1919. If your explanation had any merit, you would have started counting in 1919, not 1918. But we all know why you just made up that bull(*)(*)(*)(*) excuse. You just wanted to move the goalpost.

Why, so you can ignore the facts like you are doing now? I have no interests in playing with your inherent dishonesty.

I don't really care what you do. You have already said that 70% is the normal taxation. The normal taxation in America is below 70%. You can play all the games you want.

1918 - 1921 is 4 years. 1936 - 1980 is 44 years. Do basic addition and you'll find out what this adds to. It should be impossible to be this stupid in the age of the internet.

 

It becomes a huge problem every time you raise it. But it'll be different this time, right?

Does it really make a difference or are you hoping that hoping out small typos will change the fact that you lied?

You don't pay into your Social Security. Other people pay into your Social Security. And you paid into someone else's People were leeching off you, and now you are leeching off other people.

I don't see much more than your opinions. So, must not be worth reading.

How convenient that you've been teaching classes before the University actually had accurate forms of record keeping. Because, you know, someone who is good at research like me might have actually factchecked you and saw through your anecdotal claims for what it was.

[/QUOTE]

Yeah, okay. What was the name of the business?

 

Yeah , it should be. Good thing you weren't one of my students. I really would have had no choice but to flunk you, just like you just flunked your self right here. Well, I guess I'll have to send you that bead counter.

1918 - 1921 is 4 years.

1936 to 1945 is 10 years

1946 to 1955 is 10 years

1956 to 1965 is 10 years.

1966 to 1975 is 10 years

1976 to 1980 is 5 years.

4 + 10 + 10 + 10 + 10 + 5 = 49 years Got it now ?

MJ drops the ball yet again. Pheeeww!!

 

1918 - 1921 is 4 years. I'm surprised you got that right. Then of course 1936 - 1980 is 45 years. I guess it is possible to be this stupid in the age of the internet. Bear that flag proudly. LOL!

 

You're counting the starting year as the first year, you dimwit... No wonder your math is all wrong. Those are all 9 years you are counting, not 10. And 1976 - 1980 is not five years...You taught economics and you can't even get simple age differences right. They just let anyone teach I suppose.

 

80 - 36 is not 45, you rather confused individual...

Go back to being someone else's sockpuppet, please.

 

FALSE! Raising MW helps both workers and business owners.

That wasn't a "typo. Typos don't come that way. You just screwed up again. Not getting enough sleep. And YOU are who's lying now about making a "typo". Bad girl. LOL.

Stop talking stupid. We all know how it works. The way I said it is perfectly acceptable and you know it.

READ BABY, READ !!! (and learn)

I can't control my age. Actually I could have graduated from college 7 years earlier (in 1967), but I went into the military (from 1964 to 1969) and didn't graduate until 1974. Then taught classes from 1975- 1977. So I cut you some slack. You're welcome.

Can't tell you that because it would blow my anonymity. Some people don't need anonymity. I do. when you have dozens of OPs calling Mohammed >> "Mo the Pedophile", referring to the Koran as the trash book of hate, and referring to devout Muslims as "uncivilized, barbaric savages",anonymity isn't a bad idea. Get it ?

http://www.politicalforum.com/political-opinions-beliefs/220997-shouldnt-islam-banned-usa.html

http://www.politicalforum.com/religion-philosophy/232647-islam-hopeless-part-iii.html

http://www.politicalforum.com/current-events/206089-have-you-seen-man-nuclear-terrorist.html

 

Your 3rd grade arithmetic grade >>> F

I laid it all out for you (as simple as could be), and you still refuse to acknowledge. You have a dishonesty problem. Your problem, not mine. The other readers can easily see who's right. (if they're even paying attention to this fiasco) *Giggle*

 

Try counting the years out on your fingers (with someone to supervise you. LOL. I can't believe I'm having to do this.
Pheeeeeeeeeeeww!!!

76 ****77****78****79****80 Looks like 5 to me (and everyone else in this forum)

And in case you forgot, in all 5 of those years the tax was 70%.

 

Yeah, 80 - 36 = 45. I forgot which version of stupid I was dealing with.

Here is a basic age calculator. Input the year differences. I promise you, that you will not get 45 as an answer.