Page 60 of 63 FirstFirst ... 10505859606162 ... LastLast
Results 591 to 600 of 629

Thread: ABC's "20/20 - Lessons from Billionaires: Tax ME to create jobs IN AMERICA!"

  1. #591
    Sage
    AdamT's Avatar
    Join Date
    Jul 2011
    Last Seen
    02-13-13 @ 04:09 PM
    Gender
    Lean
    Undisclosed
    Posts
    17,773

    Re: ABC's "20/20 - Lessons from Billionaires: Tax ME to create jobs IN AMERICA!"

    “The wealthiest can afford to pay more in taxes. That’s a part of the deal. That makes sense. I don’t know anyone that doesn’t agree with that. The wealth disparity between the lowest and the highest continues to expand, and that’s inappropriate. We cannot cut our way to greatness.”
    -- Ruth Porat, CFO, Morgan Stanley

  2. #592
    Sage
    AdamT's Avatar
    Join Date
    Jul 2011
    Last Seen
    02-13-13 @ 04:09 PM
    Gender
    Lean
    Undisclosed
    Posts
    17,773

    Re: ABC's "20/20 - Lessons from Billionaires: Tax ME to create jobs IN AMERICA!"

    Income inequality is increasing across much of the developed world, a trend that will continue unless governments move aggressively to arrest it, according to a report released Monday by the Organization for Economic Cooperation and Development.

    The widening gap between rich and poor is being driven in part by a growing disparity in wages, as skilled workers command a disproportionate share of the bounty made possible by technological progress, the report said.

    ...

    “The social contract is starting to unravel in many countries,” OECD Secretary General Angel Gurria said in a statement. “This study dispels the assumptions that the benefits of economic growth will automatically trickle down to the disadvantaged and that the greater inequality fosters greater social mobility. Without a comprehensive strategy for inclusive growth, inequality will continue to rise.”
    OECD report cites rising income inequality - The Washington Post

  3. #593
    Sage

    Join Date
    Oct 2011
    Last Seen
    07-25-17 @ 12:35 AM
    Gender
    Lean
    Libertarian - Right
    Posts
    5,878

    Re: ABC's "20/20 - Lessons from Billionaires: Tax ME to create jobs IN AMERICA!"

    While off the OP...per the OECD report:

    “There is nothing inevitable about high and growing inequalities,” said Mr Gurría. “Our report clearly indicates that upskilling of the workforce is by far the most powerful instrument to counter rising income inequality. The investment in people must begin in early childhood and be followed through into formal education and work.”

    That "early childhood" remark sounds somewhat simular to Newt's recent 'working kids' comment.

  4. #594
    Disappointed Evolutionist
    Catawba's Avatar
    Join Date
    Jun 2009
    Last Seen
    05-28-13 @ 08:15 PM
    Gender
    Lean
    Liberal
    Posts
    27,254

    Re: ABC's "20/20 - Lessons from Billionaires: Tax ME to create jobs IN AMERICA!"

    Quote Originally Posted by Dickieboy View Post
    While off the OP...per the OECD report:

    “There is nothing inevitable about high and growing inequalities,” said Mr Gurría. “Our report clearly indicates that upskilling of the workforce is by far the most powerful instrument to counter rising income inequality. The investment in people must begin in early childhood and be followed through into formal education and work.”

    That "early childhood" remark sounds somewhat simular to Newt's recent 'working kids' comment.
    Aren't all of the GOP candidates saying we should get rid of Headstart and the Department of Education?
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

  5. #595
    Sage
    AdamT's Avatar
    Join Date
    Jul 2011
    Last Seen
    02-13-13 @ 04:09 PM
    Gender
    Lean
    Undisclosed
    Posts
    17,773

    Re: ABC's "20/20 - Lessons from Billionaires: Tax ME to create jobs IN AMERICA!"

    Quote Originally Posted by Dickieboy View Post
    While off the OP...per the OECD report:

    “There is nothing inevitable about high and growing inequalities,” said Mr Gurría. “Our report clearly indicates that upskilling of the workforce is by far the most powerful instrument to counter rising income inequality. The investment in people must begin in early childhood and be followed through into formal education and work.”

    That "early childhood" remark sounds somewhat simular to Newt's recent 'working kids' comment.
    I don't necessarily think that "upskilling" contemplates janitorial skills.

  6. #596
    Sage

    Join Date
    Oct 2011
    Last Seen
    07-25-17 @ 12:35 AM
    Gender
    Lean
    Libertarian - Right
    Posts
    5,878

    Re: ABC's "20/20 - Lessons from Billionaires: Tax ME to create jobs IN AMERICA!"

    Quote Originally Posted by AdamT View Post
    I don't necessarily think that "upskilling" contemplates janitorial skills.
    I understand your point but considering the author's 'begin in early childhood' isn't going from no skills to janitorial skills 'upskilling'?

  7. #597
    Sage
    AdamT's Avatar
    Join Date
    Jul 2011
    Last Seen
    02-13-13 @ 04:09 PM
    Gender
    Lean
    Undisclosed
    Posts
    17,773

    Re: ABC's "20/20 - Lessons from Billionaires: Tax ME to create jobs IN AMERICA!"

    Quote Originally Posted by Dickieboy View Post
    I understand your point but considering the author's 'begin in early childhood' isn't going from no skills to janitorial skills 'upskilling'?
    I don't think that's what they had in mind. They say that educational attainment is a good way to combat inequality, so I think they would say that the kids would be better off with additional study as opposed spending time mopping floors and cleaning urinals.

  8. #598
    Sage

    Join Date
    Oct 2011
    Last Seen
    07-25-17 @ 12:35 AM
    Gender
    Lean
    Libertarian - Right
    Posts
    5,878

    Re: ABC's "20/20 - Lessons from Billionaires: Tax ME to create jobs IN AMERICA!"

    Quote Originally Posted by AdamT View Post
    I don't think that's what they had in mind. They say that educational attainment is a good way to combat inequality, so I think they would say that the kids would be better off with additional study as opposed spending time mopping floors and cleaning urinals.
    Maybe so but I interpret this somewhat differently. They do make the ‘educational attainment’ statement but I don’t think skills equate to education. I infer that ‘upskilling’ kids, mopping floors/cleaning urinals, promotes improving/increasing their work ethic which will translate into educational attainment being more successful. That was the case in my personal experience.

  9. #599
    Sage

    Join Date
    Oct 2011
    Last Seen
    07-25-17 @ 12:35 AM
    Gender
    Lean
    Libertarian - Right
    Posts
    5,878

    Re: ABC's "20/20 - Lessons from Billionaires: Tax ME to create jobs IN AMERICA!"

    Quote Originally Posted by Catawba View Post
    Aren't all of the GOP candidates saying we should get rid of Headstart and the Department of Education?
    I don't know as I don't pay attention as most of these are unattainable campaign promises crap...just like BHO did three years ago (Gitmo, no-bid contracts, etal).

  10. #600
    Banned
    Join Date
    Nov 2011
    Last Seen
    07-17-12 @ 08:04 AM
    Gender
    Lean
    Undisclosed
    Posts
    439

    Re: ABC's "20/20 - Lessons from Billionaires: Tax ME to create jobs IN AMERICA!"

    The US government's debt crisis can be traced to the tax cut policies of 3 Republican Administrations - Reagan, GHW Bush and GW Bush.

    The federal debt reached its lowest debt/GDP ratio under the Carter Administration (32.5%) but these GOP adminstrations were responsible for 60% of the federal debt/GNP increase. Despite the fact that the Clinton Administration reduced the federal debt/GDP ratio by 9.7%, the GW Bush Administration in turn increased it by 27.8%, leaving Obama with a economy in shambles and a debt/GDP ratio of 84.2%.

    Their tax policies (trickle down economics) were supposed to stimulate the American economy and generate enough revenue to compensate for the cuts. The wealthy, who were the major benefactors from these cuts, never reinvested that money into the economy - at least not in the US economy!

    America is now experiencing the result of 20 years of tax cut policies that have failed to generate a corresponding return on its "investment."

    Given that the wealthy are the one and only group of Americans that have prospered substantially during the last 3 decades, it is now in their best interests to reinvest in the economy, however belatedly, before the recession degenerates into civil unreast.

    National debt by U.S. presidential terms - Wikipedia, the free encyclopedia
    Last edited by jgarden47; 12-06-11 at 02:37 PM.

Page 60 of 63 FirstFirst ... 10505859606162 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •