15 Mind-Blowing Facts About Wealth And Inequality In America

#76
#76
volinbham said:
Another flaw in this analysis is the underlying assumption that the top 1% (or whatever percentage includes the robber barron bastages that are destroying American life) is a static group.

People move into and out of that group.
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There is evidence of that about 3 miles from my house on palm beach. Bernie madoff took a few out.
 
#77
#77
droski said:
hard working and competent don't always go hand in hand. make yourself valuable to your employer and you wont have these problems. end of story.
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i can agree with this except for the end of story part.
 
#80
#80
volinbham said:
Another flaw in this analysis is the underlying assumption that the top 1% (or whatever percentage includes the robber barron bastages that are destroying American life) is a static group.

People move into and out of that group.
Click to expand...

LOL at the Johnny Dangerously reference to Roman Maroni.:lolabove:
 
#82
#82
The ridiculous thing about Dr Dread's apparent point is the notion that an expanding gap is automatically bad for the middle class or even the poor. If I get 10% richer... it really doesn't bother me that the people who invested in the business that made me richer get 20% richer.

YES. This is very much about class warfare and how liberals can justify taking more control.

How do we solve it though? How about making it easier for those in the middle and lower classes to become rich by reduced regulation and investment friendly taxes? How about we ditch the current tax code for something that is simple and friendly to entrepreneurs like the Fair Tax?

It seems to be the automatic assumption on the left that any gap in wealth is a justification for gov't to punish those who have succeeded. In case you hadn't noticed, a couple of years of Obama policies after a couple of years of Bush capitulation to the Dems in control of Congress has resulted in this wealth gap expanding more.
 
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#83
#83
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#84
#84
volinbham said:
Another flaw in this analysis is the underlying assumption that the top 1% (or whatever percentage includes the robber barron bastages that are destroying American life) is a static group.

People move into and out of that group.
Click to expand...

Not as much as would without our current tax code and regulatory malaise.

Wealthy Dems spent the better part of 60 years up to '94 designing a tax and regulatory system that would entrench the upper class. That is part of why many of America's wealthiest people (Gates, Turner, Buffett, Soros, etc) are moderately to strongly supportive of Dems.
 
#85
#85
droski said:
i see so you think it's fair to compare outsourcing (which btw doesn't happen to competent employees) to railroad towns where the company owned the town, owned the goods provided there, and set the prices?
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Outsourcing does not happen to competent employees ?
 
#87
#87
BigPapaVol said:
Don't put the pointing laughing emoticon in reference to his posts. His father did that once. Once.
Posted via VolNation Mobile
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i love it! Great flick. Knock down that wall, that wall, and that fargan wall. BOOM! This means fargan war!!
 
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#88
#88
Every reason that automation has not insulated us from losing those revenue driving jobs is a direct result or is strongly associated with Progressive ideals and policies. Between unions and 40 years of Dem control of Congress and the dominance of Keynesian economics... politics has prevented our business innovators from being as fluid, responsive, and competitive as needed.
 
#90
#90
sjt18 said:
The ridiculous thing about Dr Dread's apparent point is the notion that an expanding gap is automatically bad for the middle class or even the poor. If I get 10% richer... it really doesn't bother me that the people who invested in the business that made me richer get 20% richer.

YES. This is very much about class warfare and how liberals can justify taking more control.

How do we solve it though? How about making it easier for those in the middle and lower classes to become rich by reduced regulation and investment friendly taxes? How about we ditch the current tax code for something that is simple and friendly to entrepreneurs like the Fair Tax?

It seems to be the automatic assumption on the left that any gap in wealth is a justification for gov't to punish those who have succeeded. In case you hadn't noticed, a couple of years of Obama policies after a couple of years of Bush capitulation to the Dems in control of Congress has resulted in this wealth gap expanding more.
Click to expand...
While I'm against an income tax cut for the wealthy in the hopes it spurs economic growth, I do think it it is important to give some common sense targeted tax relief to businesses. How's this for an idea? I would be in favor of offering a HUGE tax cut (would be in favor of a 100% exemption) on any money a company invests in businesses in the US that creates jobs for Americans. It has to be able to be verified. That is if upper class tax cuts are meant to spur the economy. I'd even be willing to forgive extra tax burdens for a company that does this. It is targeted to accomplish the stated goal. It is incentive to create US jobs foe US workers. Thoughts?
 
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#91
#91
Vols378 said:
So you are saying that all the thousands of jobs that have been outsourced is due to incompetent employees that did not drive revenues.
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show me a company that fires people that generate net positive revenue and hire indians to replace them and i'll show you a company that isn't in business much longer.
 
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#92
#92
sjt18 said:
Every reason that automation has not insulated us from losing those revenue driving jobs is a direct result or is strongly associated with Progressive ideals and policies. Between unions and 40 years of Dem control of Congress and the dominance of Keynesian economics... politics has prevented our business innovators from being as fluid, responsive, and competitive as needed.
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Wow, man. Just.... wow. It is your right but you are waaay right aren't you..... an no I am not way left....I'm a moderate Independent.
 
#93
#93
JayVols said:
While I'm against an income tax cut for the wealthy in the hopes it spurs economic growth, I do think it it is important to give some common sense target tax relief to businesses. How's this for an idea? I would be in favor of offering a HUGE tax cut (would be in favor of a 100% exemption) on any money a company invests in businesses in the US that creates jobs for Americans. It has to be able to be verified. That is if upper class tax cuts are meant to spur the economy. I'd even be willing to forgive extra tax burdens for a company that does this. It is targeted to accomplish the stated goal. It is incentive to create US jobs foe US workers. Thoughts?
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Too hard to deal with and people aren't going to hire in mass until the shape of the congress is clear.

Obama has floated a proposal to let companies expense 100% of 2010 CAPEX this fiscal year. Lone thing in his presidency that has been remotely pro small business. Not sure the idiots in congress will allow it, but people will pour some money into the economy that.
 
#94
#94
JayVols said:
I would be in favor of offering a HUGE tax cut (would be in favor of a 100% exemption) on any money a company invests in businesses in the US that creates jobs for Americans. It has to be able to be verified. That is if upper class tax cuts are meant to spur the economy. I'd even be willing to forgive extra tax burdens for a company that does this. It is targeted to accomplish the stated goal. It is incentive to create US jobs foe US workers. Thoughts?
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how do you verify it created jobs? how do you know if that person would have hired americans anyway?
 
#95
#95
droski said:
how do you verify it created jobs? how do you know if that person would have hired americans anyway?
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plus, he'd only be doing to get rich off their efforts and keep them down. Then, he'd fire all of them and hire a bunch of illegal immigrants who would send all the money home. The Man freaking sucks.
 
#96
#96
droski said:
how do you verify it created jobs? how do you know if that person would have hired americans anyway?
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The same way you verify anything, through documentation & checking citizenship status and presenting it to the IRS. You know it created jobs by giving an account (IRS/ SS records) of workers before and after the incentive kicks in. That's a fairly simple concept.....
 
#97
#97
Couldn't we just put tariffs on imports from countries with unacceptable work conditions which would protect American manufacturing jobs? Might raise prices on some ****, but it might offset the loss of jobs and create incentive for companies not to outsource.
 
#98
#98
BigPapaVol said:
plus, he'd only be doing to get rich off their efforts and keep them down. Then, he'd fire all of them and hire a bunch of illegal immigrants who would send all the money home. The Man freaking sucks.
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There are ways to address these issues. Must be US citizens (easy to document) If they are dismissed before a certain cut off date, they lose the credit + pay a penalty. Same as a late fee on a bill...
 
#99
#99
JayVols said:
The same way you verify anything, through documentation & checking citizenship status and presenting it to the IRS. You know it created jobs by giving an account (IRS/ SS records) of workers before and after the incentive kicks in. That's a fairly simple concept.....
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so say i've been wanting to hire 20 people for a while now, but am now just getting around to it. now i find out about this tax incentive and wait till it kicks in. how are these net jobs created?
 
#100
#100
Weezy said:
Couldn't we just put tariffs on imports from countries with unacceptable work conditions which would protect American manufacturing jobs? Might raise prices on some ****, but it might offset the loss of jobs and create incentive for companies not to outsource.
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I could handle that but this board is about to pounce on you calling you a protectionist liberal...
 
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