A manifesto

Discussion in 'Economics & Trade' started by LafayetteBis, Sep 20, 2018.

  1. LafayetteBis

    LafayetteBis Well-Known Member Donor

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    From the Economist: A Manifesto for renewing liberalism

    Excerpt:
    The past twenty-years has seen the rise of Income Disparity because of penchant by countries to lower (or keep low) upper-income taxation. (Why? It all started with JFK/ who started the trek downwards and then when Reckless Ronnie hammered down upper-income rates in the 1980s. See here.)

    What this means is that most of the wealth (Income after taxation) that is generated is going to the wrong people. Not just because it is unfair. But because that money could be better spent helping the rest of the people to obtain a decent living. Howzat?

    Because the rich don't "spend" their far too easily-gotten gains. They park them away, mostly in investments that protect the capital from inflation wear--'n-tear.

    Which is pure and simple selfishness on the part of a very small percentage of the total population. Rarely more than 10% of the total. (See here for worst culprits, America's New Rich and their giant-share of the Wealth*.)

    *Wealth = Income net of Taxation
     
    Last edited: Sep 20, 2018
  2. Reiver

    Reiver Well-Known Member

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  3. Baff

    Baff Well-Known Member

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    Venzuelan economics = fail.

    Here is a clue, rich people aren't holding you back.
    You are holding yourself back, or... you have peaked. Reached your personal limitations.
     
  4. LafayetteBis

    LafayetteBis Well-Known Member Donor

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    And what do the offspring inheritors (who never worked a day in their lives) do? Exactly the same!

    Without the slightest effort, they benefit from a life or casual pleasure, their every whimsy at their beck-&-call. Never a fear of from where there next meal will arrive.

    Whilst at the bottom of this economic heap there are 13.9% of the population (45.5 men, women and children)) trying to eke out a living because of mistake at birth.

    They were born to the wrong people at the wrong time in the wrong place ...

    PS: Yeah, yeah - it's OK because they are ALL lazy-basterds anyway ... !
     
    Last edited: Sep 21, 2018
  5. james M

    james M Banned

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    Notice the assumption that income should be distributed by govt libcommies at gun point, and not by what free people freely buy and sell in the marketplace? Indeed, everything the libcommie wants he wants at gunpoint!! This is the exact antithesis of American.
     

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