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

  1. #441
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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by Meathead View Post
    Sorry, I forgot about this. So you're not a troll?

    Ok, I guess this depends on your definition of whining. But if you are a troll, then in fairness knock it off. We really don't need any help.
    Whining? I just said we find it to be difficult to afford a 2 bedroom apartment in Charlotte, NC on $40k a year. Where is the whining? Listen guy, I earned $0 in income this year, so if I wanted to be on the government dole, I could have been. Unfortunately, you weren't quite bright enough to piece that together, eh Meathead?
    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 whysoserious View Post
    Whining? I just said we find it to be difficult to afford a 2 bedroom apartment in Charlotte, NC on $40k a year. Where is the whining? Listen guy, I earned $0 in income this year, so if I wanted to be on the government dole, I could have been. Unfortunately, you weren't quite bright enough to piece that together, eh Meathead?
    I just found one for Charlotte that is 2 bedrooms with 1 bath for 479/mo. That's extremely doable on 40k a year.

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

    Quote Originally Posted by Samhain View Post
    I just found one for Charlotte that is 2 bedrooms with 1 bath for 479/mo. That's extremely doable on 40k a year.
    LOL where!? You're probably going to get shot if it's east or west Charlotte. That's funny.

    I'm going to need a link on that one.
    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 TurtleDude View Post
    I find this sort of ranting funny

    everyone got capital gains tax breaks.. What is hilarious is that the wealth bashers whine about a tax break based on the rich using it rather than the break itself while ignoring the fact that everyone got the break

    your real hurt is over the rich apparently
    Turtle, you are too smart and too well educated to not realize the actual situation here. Yes indeed, everybody can share in those discriminatory and preferential capital gains rates AS LONG AS THEY HAVE SIGNIFICANT AMOUNTS OF FREE CASH TO PURCHASE THEM. So right off the bat, large numbers of Americas, probably a majority of working Americans, have no real access to such things in a practical pragmatic sense. And I strongly suspect you alread know that.

    Second, it matters little who gets the break in theory when in actuality it is the upper income people who actually take it and use it to avoid taxation at the higher levels. I also suspect you are too well educated not to realize that too.

    Third, every time this is mentioned, you scream about these things buy you never ever have come up with a good reason why there should be preferential and discriminatory lowered capital gains tax rates in the first place.

    Do you have something to present on that matter today?
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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by haymarket View Post
    Turtle, you are too smart and too well educated to not realize the actual situation here. Yes indeed, everybody can share in those discriminatory and preferential capital gains rates AS LONG AS THEY HAVE SIGNIFICANT AMOUNTS OF FREE CASH TO PURCHASE THEM. So right off the bat, large numbers of Americas, probably a majority of working Americans, have no real access to such things in a practical pragmatic sense. And I strongly suspect you alread know that.

    Second, it matters little who gets the break in theory when in actuality it is the upper income people who actually take it and use it to avoid taxation at the higher levels. I also suspect you are too well educated not to realize that too.

    Third, every time this is mentioned, you scream about these things buy you never ever have come up with a good reason why there should be preferential and discriminatory lowered capital gains tax rates in the first place.

    Do you have something to present on that matter today?
    There are two issues you merge

    1) the desire of many to soak the rich of more income

    2) the different treatment of different types of income under the tax system

    #2 is capable of being fairly discussed without infecting it with #1. the merits of the government taking less a percentage of LONG TERM capital gains than earned income has nothing to do with which income strata has the most LTCG

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

    Quote Originally Posted by TurtleDude View Post
    There are two issues you merge

    1) the desire of many to soak the rich of more income

    2) the different treatment of different types of income under the tax system

    #2 is capable of being fairly discussed without infecting it with #1. the merits of the government taking less a percentage of LONG TERM capital gains than earned income has nothing to do with which income strata has the most LTCG
    Well then, lets discuss it as you want to divorced from #1.
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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by haymarket View Post
    Turtle, you are too smart and too well educated to not realize the actual situation here. Yes indeed, everybody can share in those discriminatory and preferential capital gains rates AS LONG AS THEY HAVE SIGNIFICANT AMOUNTS OF FREE CASH TO PURCHASE THEM. So right off the bat, large numbers of Americas, probably a majority of working Americans, have no real access to such things in a practical pragmatic sense. And I strongly suspect you alread know that.
    Not really trying to jump in the middle of this, but haymarket, I believe more people benefit from this than you give credit. Most working Americans have some sort of retirement plan or if you are really lucky a pension. Depending on how that money is invested, and the type of fund you choose, the capital gains tax can critically impact you. Even worse, if it goes up and you weren't ready for retirement, you can lose more money by waiting for retirement. Again, this is all dependent on how your retirement is invested.

    I am just pointing out that it impacts more Americans than you gave credit for.
    We went from sticks and stones may break my bones but words will never hurt me to safe spaces.

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

    Quote Originally Posted by Blue_State View Post
    Not really trying to jump in the middle of this, but haymarket, I believe more people benefit from this than you give credit. Most working Americans have some sort of retirement plan or if you are really lucky a pension. Depending on how that money is invested, and the type of fund you choose, the capital gains tax can critically impact you. Even worse, if it goes up and you weren't ready for retirement, you can lose more money by waiting for retirement. Again, this is all dependent on how your retirement is invested.

    I am just pointing out that it impacts more Americans than you gave credit for.
    I believe this article will shed some illumination on the issue.

    Capital Gains and Dividend Tax Cuts — Center on Budget and Policy Priorities

    a small part of the article

    The proportion of those with incomes under $100,000 who receive any capital gains or dividend income is quite small. According to the Tax Policy Center, in 2005, only 12.5 percent of the households earning less than $100,000 received dividend income, and only 6.6 percent received any capital gains income.
    Further, focusing on the number of households claiming capital gains and dividend income does not tell the full story; it is much more important to look at the amount of capital gains and dividend income collected by various income groups. Tax Policy Center data for 2005 indicate that the bulk of income from dividends and capital gains flows to high-income households.
    Over half — 54 percent — of all capital gains and dividend income flows to the 0.2 percent of households with annual incomes over $1 million. More than three-quarters — 78 percent — of this income goes to those households with income over $200,000, which account for about 3 percent of all households.
    In contrast, only 11 percent of capital gains and dividend income goes to the 86 percent of households with incomes of less than $100,000. Only 4 percent of this income flows to the 64 percent of households that have income of less than $50,000.
    Please read the entire article.
    Last edited by haymarket; 12-20-11 at 03:36 PM.
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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by Meathead View Post
    Between Whyso and Swit on just this page, I can't help but think they are trolling to make liberals look silly. If it is so, I do not approve. Political debate with unknown persons should not be conducted in this way. I have met many liberals who can hold their own in political discourse, but asking questions like, "What is the desired output of our economic system?" and then when answered with the obvious, become petulant - "Awesome.... I'm down with that.... lets re-institute slavery..... that has been proven time and again to be a HUGE wealth generation tool.... or do you disagree?"

    If I am wrong, then infer what you will. If, on the other hand, my suspicions are right, I prefer political dialog without mendacity.
    This is funny.... you answer snarkily and then go after me for doing the same? Hilarious. But I digress.

    First off slavery IS in fact the most efficient and effective way for an individual or organization to generate wealth.... history has shown this model effective time and time again. This is just plain fact. Thus if wealth generation is the sole desired output from our economic system then one would think we should employ the most effective and efficient means to accomplish that goal, i.e. slavery. If wealth generation is NOT the sole desired output from our economic system, then I ask again, what is the desired output? In other words it appears that even you agree that there are other desired outputs aside from "wealth", I am merely asking what those are.

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

    Quote Originally Posted by haymarket View Post
    I believe this article will shed some illumination on the issue.

    Capital Gains and Dividend Tax Cuts — Center on Budget and Policy Priorities
    Point withdrawn.
    We went from sticks and stones may break my bones but words will never hurt me to safe spaces.

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