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Thread: Census shows 1 in 2 people are poor or low-income

  1. #161
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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by Boo Radley View Post
    Here are some of the year's big winners:

    1. William R. Johnson, Chairman and President, H.J. Heinz. Bonus: $8,589,063, up 17.6 percent.

    Top CEO Bonuses of 2010: Heinz, Oracle, Cisco, Nike and Rupert Murdoch of NewsCorp. - ABC News
    Scratch Heinz off my shopping list.

    China controls their economy. To have more control, we would have to be more like China. Not sure we want that.
    I'm not sure we have anyone in D.C. capable of that.

    We've linked before what business does with tax cuts.

    Summation:

    Although we would expect tax cuts to bolster the economy, empirical evidence shows that they typically don't. Tax cuts to the rich are more likely to promote investment bubbles than job creation. Tax incentives to corporations frequently promote job destroying choices, or simply become handouts to the executives and the investors.
    why tax cuts don't create jobs
    I noted the problem with simply putting more money into the markets. It's why I support raising Capital Gains tax to be equal with income tax. In this case I'd even be good with it being higher. Put it in the markets and pay 30% rate or put it into the business and pay 18% rate. (or nothing)

    Florida has the fifth lowest corporate income tax rate in the country at 5.5 percent, trailing only South Dakota, Alaska, Wyoming and Nevada — states hardly in Florida's league. Yet Florida's unemployment rate remains far higher than the 9.1 percent national average. Recently, both a Tax Foundation study and University of Central Florida economist Sean Snaith have argued that reducing taxes has no discernible impact on job growth.
    I'm also good with the arguement of lowering taxes so that the government has less to throw around. Seems to me that South Dakota's unemployment rate is pretty low right now which would mean that there are many influences on unemployment.

    It's not hard to find evidence to support such a view. Other states with much higher corporate tax rates — Connecticut, New York, Illinois, Massachusetts, New York and New Jersey — all enjoy significantly lower jobless numbers, as well as hosting the corporate headquarters of many more Fortune 500 companies per capita.

    Tax cuts don't create jobs - Tampa Bay Times
    New Yorks rate is 7.9%. South Dakota's is 4.5%. Illinois is over 10%. Wyomings is 5.8%. Seems Florida is an anomoly

    They are that,. but not uncommon as to what is done with our appeasment of business.
    GM was done to pay back the unions.

    And while I agree with you that one may be worse than the other, we curently do both. And when you lower their taxes, which largely doesn't amount to enough to actually make a major difference even if used, you have to have some evidence that they actually hire people. That evidence doesn't really exist. The evidence is all over the board, and u=suggests that other factors, not taxes, play a far larger role.
    You do not have to have evidence of anything to allow people to keep more of their money.

  2. #162
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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by 1Perry View Post
    I noted the problem with simply putting more money into the markets. It's why I support raising Capital Gains tax to be equal with income tax. In this case I'd even be good with it being higher. Put it in the markets and pay 30% rate or put it into the business and pay 18% rate. (or nothing)


    I'm also good with the arguement of lowering taxes so that the government has less to throw around. Seems to me that South Dakota's unemployment rate is pretty low right now which would mean that there are many influences on unemployment.



    New Yorks rate is 7.9%. South Dakota's is 4.5%. Illinois is over 10%. Wyomings is 5.8%. Seems Florida is an anomoly
    Nope. We've seen this over and over again. As I said, I just post the first two or three, but I've posted more before.

    GM was done to pay back the unions.
    I don't buy that.

    You do not have to have evidence of anything to allow people to keep more of their money.
    Not sure what you're asking here. What I do have and have posted not only today but in the past is that tax cuts have not produced jobs.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by Boo Radley View Post
    Nope. We've seen this over and over again. As I said, I just post the first two or three, but I've posted more before.
    My numbers are wrong?

    I don't buy that.
    Remember that when GM is back in the news.

    Not sure what you're asking here. What I do have and have posted not only today but in the past is that tax cuts have not produced jobs.
    It wasn't a question. People do not have to prove they are going to do acceptable things in your eyes to keep the money they earned.

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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by nijato View Post
    Under $45k for a family of 4 is "low income"
    That is a pretty low number for four people.
    Ted Cruz is the dumbest person alive.

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    Quote Originally Posted by whysoserious View Post
    That is a pretty low number for four people.
    Not really. When my kids were younger, we did it on much less.

    J-mac

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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by Neomalthusian View Post
    The cost of food is rising. It's the speculators!

    The cost of energy is rising. It's the speculators!
    Your right it is the SPECULATORS and WALL Street Hedge Funds. Wall Street enables the rich to steal from the poor and middle class not just money but also jobs




    The Celestial Navigator - "Our manufacturing base has been dismantled. Speculators and swindlers have looted the U.S. Treasury. Basic services, including public education and health care, have been handed over to the corporations to exploit for profi

    "Our manufacturing base has been dismantled. Speculators and swindlers have looted the U.S. Treasury. Basic services, including public education and health care, have been handed over to the corporations to exploit for profit. The few who raise voices of dissent, who refuse to engage in the corporate happy talk, are derided by the corporate establishment as freaks. The façade is crumbling. And as more and more people realize that they have been used and robbed, we will move swiftly from Huxley’s “Brave New World” to Orwell’s “1984.” The state has devolved from a capitalist democracy to neo-feudalism. We increasingly live in Orwell’s Oceania, not Huxley’s World State. Osama bin Laden plays the role assumed by Emmanuel Goldstein in “1984.” And without the intervention of the state, Goldstein, like bin Laden, will kill you. All excesses are justified in the titanic fight against evil personified. The psychological torture of Pvt. Bradley Manning—who has now been imprisoned for seven months without being convicted of any crime—mirrors the breaking of the dissident Winston Smith at the end of “1984.” The cruder forms of torture of the Gestapo have been replaced with refined Orwellian techniques, largely developed by government psychologists, to turn dissidents like Manning into vegetables. We break souls as well as bodies. Now we can all be taken to Orwell’s dreaded Room 101 to become compliant and harmless." -- Chris Hedges
    Last edited by EarlzP; 12-16-11 at 10:42 PM.

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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by j-mac View Post
    It does make one wonder why they supposedly passed High School, yet are so ill informed as to how wealth redistribution doesn't work, and never has.

    j-mac
    as long as they can smoke dope, wife swap, boy swap etc, they aren't going to care.

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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by TurtleDude View Post
    as long as they can smoke dope, wife swap, boy swap etc, they aren't going to care.
    What does this even mean, TurtleDude?
    Ted Cruz is the dumbest person alive.

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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by j-mac View Post
    Not really. When my kids were younger, we did it on much less.

    J-mac

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    That sucks for you.

    -wss
    Ted Cruz is the dumbest person alive.

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    Re: Census shows 1 in 2 people are poor or low-income

    Imo, part of the reason why we're in a depression is because the prices of everything from rent, mortgages, vehicles, utilities, phones, all food, clothing, etc. have skyrocketed while the wages have pretty much stayed the same. If wages rose as much as our living expenses did we wouldn't be having the problems we do now. And then we have politicians who seek ways to take our money and put it into pet projects/agendas that don't always turn out to be winners, but more like turds, for the general populace, but lines their pockets with bright shiny gold, so to speak. If they weren't profitting so well in more ways than one from being a politican, we'd sure as hell have trouble getting anyone to run for office.

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