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

  1. #201
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    Re: Census shows 1 in 2 people are poor or low-income

    Poor in America can be the top 1 percent in 90 percent of the nations of the world.

    Relativity.

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

    Quote Originally Posted by 1Perry View Post
    That was a lot of work but it does nothing to prove the point you were making about the states. The only state with higher unemployment was Florida and it's pretty much the same as Illinois.
    The article I gave you said:

    Florida's unemployment rate remains far higher than the 9.1 percent national average.

    And then it said this:

    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.

    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

    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 1Perry View Post
    That was a lot of work but it does nothing to prove the point you were making about the states. The only state with higher unemployment was Florida and it's pretty much the same as Illinois.
    I'm trying to show you there is a lot out there showing tax cuts do not create 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
    The article I gave you said:

    Florida's unemployment rate remains far higher than the 9.1 percent national average.

    And then it said this:

    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.

    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

    Actually, here in Illinois the state just ponied up a boatload of tax incentives to get a number of Fortune 500 companies not to move away. Sears was the top of the list. In our case we would potentially have lost a sizable number of jobs.


    http://articles.chicagotribune.com/2...e-income-taxes
    Last edited by pragmatic; 12-17-11 at 08:51 PM. Reason: updated with a link


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

    Quote Originally Posted by Cole View Post
    Actually, here in Illinois the state just ponied up a boatload of tax incentives to get a number of Fortune 500 companies not to move away. Sears was the top of the list. In our case we would potentially have lost a sizable number of jobs.


    Quinn signs Sears-CME tax breaks into law - Chicago Tribune
    So, they scared the state, and got what they wanted. What happens when they move in a few months or a couple of years anyway? There is also lots of information out there on this happening.

    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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    Quote Originally Posted by whysoserious View Post
    That sucks for you.

    -wss
    We did just fine thanks. And didn't look for handouts, or blame others more successful for our lot in life either.

    J-mac

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

    Quote Originally Posted by 1Perry View Post
    Thread after thread discuss this. Read a few.
    A discussion on DP is not the same as a credible cite. Many things are discussed on DP; including many which are incredible (Obama is not a citizen; 911 was a government job). The existence of discussion here does not make them so.

    I asked YOU to support YOUR assertion. That seems to be a fair challenge in any argument. In fact, in any real argument, any assertion should be supported, particularly when specifically challenged. To tell the challenger to find it himself is lazy, weak and cowardly. Your inability to produce a cite only leads me to conclude you have none. Therefore, your original assertion that quantitative easing had anything to do with increases in prices, particularly food, is not valid.
    Last edited by upsideguy; 12-17-11 at 10:31 PM.

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

    Quote Originally Posted by Erod View Post
    Poor in America can be the top 1 percent in 90 percent of the nations of the world.\




    Relativity.
    Interesting how we are so quick to compare our poor to the poor of Uganda, Bolivia, the Congo, Somalia, etc.... as some type of justification that they have it so well. We don't compare our education, military, government or other standards of living to such a peer group; only our poor. Is it so we don't have to face the fact that the poor in America are no where near as well off as the poor in the countries that are the real peer group; Japan, Canada, the UK, Norway, Germany, Australia?

    Yep. It is a convenient rationalization... which we are just so good at.


    The wealth distribution system in America is abominable... almost on Mexican standards. We all should be ashamed.
    Last edited by upsideguy; 12-17-11 at 10:55 PM.

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

    Quote Originally Posted by upsideguy View Post
    Interesting how we are so quick to compare our poor to the poor of Uganda, Bolivia, the Congo, Somalia, etc.... as some type of justification that they have it so well. We don't compare our education, military, government or other standards of living to such a peer group; only our poor. Is it so we don't have to face the fact that the poor in America are no where near as well off as the poor in the countries that are real peer group; Japan, Canada, the UK, Norway, Germany, Australia. Yep. It is a convenient rationalization... which we are just so good at.
    who cares? I prefer a society where we can have lots of winners rather than one where there is a concerted effort to try to make people "equal"

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

    Quote Originally Posted by TurtleDude View Post
    who cares? I prefer a society where we can have lots of winners rather than one where there is a concerted effort to try to make people "equal"
    No one is speaking of equality; only equity. You should care as the current trajectory of class bifurcation is not sustainable in a democracy. Either it changes, or the democracy dies (which is what is happening here).

    If you like being a rich man in a poor country, perhaps a relocation to Mexico would be in order. Oh, wait, Mexico is coming here.
    Last edited by upsideguy; 12-17-11 at 11:00 PM.

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