Fixing Inequality through Taxes

Yes we had the startings of entirely new technologies and systems and products that made a lots of people wealth and some at the top VERY wealthy. International business became much easier to engage in. Heck domestic business became easier to engage. LOTS of things happened and not just one. Wal-Mart came into being and made LOTS of menial workers very rich.

So what is the singular thing that occurred to which you are attributing it and prove that it was the singular event.

 

Good; now, maybe we can convince the right to only take the wealthiest as seriously as they are willing to be taxed.

 

Crawl back into your own skin and live your own life. Your envy is no more becoming than their greed.

 

what envy is that? if they want to be taxed at thirty-three percent i should only have to take them thirty-three percent seriously.

 

Ayuh,..... What's yer tax bracket,..?? Maybe that's why Nobody take you seriously,....

 

now you know why equality is a social concept and not a capital concept.

 

Can we tax rappers more for encouraging murder of young blacks?

 

That seems to be your canned reply when you are not able to answer with anything else. Perhaps the closing of "Peter Pan" and opening of "Pirates of Penzance" wasn't to your liking.

 

Would that imply that one that doesn't agree with your little synopsis would be on the right? Well, I really don't care which way one leans, to believe that economics if other that some voodoo magic with no real basis in science seems to be a disease of statist, no matter which side to the fence they claim.

Seen Alan Greenspan lately? Seems he is in fear of his immoratility, has gotten religion and is spilling all the beans. Now talk about an "economics" based idiot, that would be Alan. He is very thankful for a Bernanke.

 

Only the right doesn't seem to believe, that economics is about discovering market based metrics.

 

Well that rips it, so the right would be the sane ones and the left would believe in voodoo magic called economics. Thanks for that clarification.

 

Only if you believe that for the right; some on the left believe we can find better capitalists on EquityNet than we can on the right.

 

Studies going back to at least the 1930's reflect that the bottom 50% of income households either don't have the necessary income or have higher spending priorities than investing.

While retirement accounts, especially something like a 401K with matching employer funds, are a very good investment opportunity a person cannot take food off the table or not pay their utility bills to fund the investment. They're very good investment opportunities for middle to upper middle income working families that can have surplus income to invest but are not feasible for low middle income and low income households that lack any surplus income.

 

We could be solving simple poverty on an at-will basis as that form of "equality".

 

This mentality is why it will blow up. Our generations do not desire to pass on a better country for our posterity. I consider the 15.3% I'm forced to pay in as over taxation and not an entitlement to future Americans prosperity.

 

Which it why I addressed it.

http://www.politicalforum.com/showthread.php?t=399015&p=1064796313#post1064796313

 

My solution is more market friendly.

 

Ayuh,.... Do those studies verify that alota that problem stems from the tax code instituted 20 years earlier that punishes Savings, 'n rewards pissin' away yer cash money,..??

Spendin' priorities continue to be the biggest problem in America,..... the "Gotta have it Now" society We've become,....

 

Those that can't afford to invest (roughly 50% of the people historically) don't have excess money to put into savings accounts.

According to the "liveable wage calculator" the average household of four requires over $40,000/yr just for "basic necessities" and even that calculator under-estimates many of the costs such as monthly health care, transportation costs, and housing expenditures.

The right-wing keeps propagating this myth that the poor are frittering away their money on unnecessary expendtures but it's really a bald faced lie. The "Gotta have it Now" syndrome is really related to the upper 50% of all income earners that have the surplus income to spend.

Yes, many in the upper 50% of income earners are failing to invest for their future even though they can afford to but they're not in the bottom 50% of income households that simply can't afford to invest.

 

IMO, both above and below are neglecting to save due to luxury spending. You would be surprised how much money they blow on luxury eating, cigarettes, alcohol, gambling, cable tv, internet. But, the lower 50% are stifled by FICA taxes.

 

Wasn't taxes, but a lack of Perfect Knowledge of money management.

 

Both.......

 

nope; wages were out-pacing inflation back then.