Wealth and Inequality

#26
#26
What is the difference between these two things:
"It isn't right for that man to be licking another man's private parts"

or

"It isn't right for that man to be making so much money without sharing it"

Not your penis...not your money. Why should you have anything to say about either?
 
#27
#27
Who decides what is fair and on what do they base that decision on?

In a true democracy the masses do, and they base it on their own circumstance. When the bottom 50% own less than 3% of the wealth, you are going to get a progressive tax system. It is what it is.
 
#28
#28
What is the difference between these two things:
"It isn't right for that man to be licking another man's private parts"

or

"It isn't right for that man to be making so much money without sharing it"

Not your penis...not your money. Why should you have anything to say about either?

should be none of your concern
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#29
#29
In a true democracy the masses do, and they base it on their own circumstance. When the bottom 50% own less than 3% of the wealth, you are going to get a progressive tax system. It is what it is.

thank god for a republic
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#30
#30
I dig. I find fault in the default argument where those at the top are always the hardest working and most intelligent, and those at the bottom are always the laziest and dumbest. For those that make a ton of money and pimp capitalism like it is flawless...it is a convenient position, but that doesn't mean it is reality. Large inheritance and professional athletes owe a huge part of their wealth to luck.

My former roommate is an electrical engineer and owns his own "company" and works on inventing **** all day, every day. Dirt poor. Works a part-time minimum wage job just to pay bills. Probably the hardest working person I know but just hasn't hit on the right idea, yet. There are a lot of people like him on the bottom rung.
 
#32
#32
thinking outside the box is what helps.

being a good little cube worker does not
 
#34
#34
thinking outside the box is what helps.

being a good little cube worker does not

Says the insurance and telemarketing guy...

You came up with a business model, sold it to an investor, now you're rolling in the dough. Right? That's really all my former roommate has to do, he just hasn't gotten the right model yet or seen the right investor.
 
#35
#35
In a true democracy the masses do, and they base it on their own circumstance. When the bottom 50% own less than 3% of the wealth, you are going to get a progressive tax system. It is what it is.

I understand the logic, and know the old DeTocqueville quotes. I still think most in America, rich or poor tend to embrace conservative economic principals especially if they are put side by side directly with marxist or socialist principles.
 
#37
#37
Capitalists and neo-conservatives who think the wealthiest have earned every penny through sheer hard work, while those at the bottom simply don't get it.

why does it matter how they earned it, if legal of course.
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#38
#38
Capitalists and neo-conservatives who think the wealthiest have earned every penny through sheer hard work, while those at the bottom simply don't get it.

...or some of us just see the inherent danger in developing an entitlement culture. Spend some time in Eastern ky or West Va and you will see three generations living on the same gubment teat.
 
#39
#39
Says the insurance and telemarketing guy...

You came up with a business model, sold it to an investor, now you're rolling in the dough. Right? That's really all my former roommate has to do, he just hasn't gotten the right model yet or seen the right investor.

No investor

not a single bank would loan to me.

I had to save two years and live on beans to put away 20K allstate required. I then sold that agency and leveraged myself heavily (and I mean heavily) on a second mortgage that almost bankrupted me. I then took my savings from the insurance business and loaned myself money to open the tele business.

I am now in the process of selling all my insurance agencies for capital to buy debt and form my own collections agency.

NOT ONE BANK loaned me a SB loan when I started.

Not one said I was the guy they were looking for.

Had a credit score of 784 but no assets at the time other than my home. This was a roughly a decade ago.

now that banker calls me semi yearly asking if I need a business loan. pathetic
 
#40
#40
...or some of us just see the inherent danger in developing an entitlement culture. Spend some time in Eastern ky or West Va and you will see three generations living on the same gubment teat.

the entire state of mississippi and rural arkansas
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#41
#41
I understand the logic, and know the old DeTocqueville quotes. I still think most in America, rich or poor tend to embrace conservative economic principals especially if they are put side by side directly with marxist or socialist principles.

I would agree, but it also reaches a point where the inequality is so great that socialist principles (ie, progressive tax system) naturally take hold. I wouldn't be surprised if the tax rates would be more equitable if the bottom 50% owned even 10 or 15% of the wealth. That may be the idealist in me, but it would make sense IMO.
 
#42
#42
why does it matter how they earned it, if legal of course.
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Intentionally ignoring my point doesn't change its value.

...or maybe you just don't understand, that wouldn't surprise me either.
 
#43
#43
...or some of us just see the inherent danger in developing an entitlement culture. Spend some time in Eastern ky or West Va and you will see three generations living on the same gubment teat.

I think most would agree that an entitlement culture is bad. But at the same time, more access (not entitlement) to the pie shouldn't be out of the question.

See NEOCONs post. Should he really have to be on the brink of bankruptcy in order to buy chips into the game?
 
#44
#44
Instead of attacking the rich, why doesn't Obama do something, anything to help with the absolute atrocious UE rate for AAs. It's by far his biggest dark cloud on his presidency and he comes off as totally not caring
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#45
#45
Intentionally ignoring my point doesn't change its value.

...or maybe you just don't understand, that wouldn't surprise me either.

wow..................did I miss something went straight for the im stupid personal attack.....
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#46
#46
wow..................did I miss something went straight for the im stupid personal attack.....
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Being that we are 45 + posts into this thread, I would hardly call it going straight for the attack. You are either being intentionally obtuse or you are naturally that way.
 
#47
#47
Being that we are 45 + posts into this thread, I would hardly call it going straight for the attack. You are either being intentionally obtuse or you are naturally that way.

just naturally stupid........i guess......that would explain my christian beliefs.....u may be on to something.........
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#50
#50
this is a double edged question because it was the government that forced the banks to take on bad loans and because of that the bundling which caused the problem began.


If government would have stayed out of it none of it would have happened.

But to answer your question ... they should have been allowed to fail. I know this is not what many people on here will say but it is the truth.

NEOCON,

The banks bought the government, and then asked them to change the rules so they could make so many bad loans.

If government had stayed in it the problem would not be as bad.

I like your revolutionary zeal in allowing them all to fail. However, the problem, in essence, is that Capitalism is now straining even its imaginary superstructure. It can no longer maintain its divorce from the real world outside the back door, and it will implode without the government bandages and infusions.
 

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