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

  1. #561
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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by Kal'Stang View Post
    Some good points. Tell me TD, through out this whole recession who has benefitted the most? Who has been hurt the most? Straight answer please...no need for a bunch of spin.
    depends. Obama's buddies at Goldman-Sachs did ok, same with the Unions at GM.

    as I noted, smart resourceful people tend to "benefit" the most no matter what the conditions because they are smarter, more industrious and better able to adapt to changing conditions than stupid, lazy and poorly educated people

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

    Quote Originally Posted by Catawba View Post
    The only time I have seen spending cut during the last 30 years is under the Clinton Administration.

    The only way we will reduce the deficit will be if the Democrats and the Republicans agree to both cut spending and eliminate the tax cuts for the wealthy, just as was done in the Clinton Administration.

    Over the last 30 years tax rates have been increased for the middle class and cut for the wealthy.
    stop fibbing, the income tax rates on the middle class have not increased and the rich pay more of the income tax burden now than at any time in the last 60 years

    and the richest 5% pay more federal income taxes now than the rest of the country combined

  3. #563
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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by Harry Guerrilla View Post
    Support this statement or admit you were wrong.
    Stop changing your argument.
    "Over the last 30 years, the top income tax rate has averaged about 40%. It’s now at 35%, one-half of the 70% rate in effect throughout the 1970s. It was even higher, at 90% in the 1950s and early 1960s, before being reduced to 70% in 1965. As we discuss (Stable Income Inequality), these lower-than maximum income tax rates were an instrumental factor, together with the other two pillars of Reaganomics [1], in greatly increasing income and wealth inequality, with disastrous consequences for the economy and for the bottom 99%."

    The 30-Year Growth of Income Inequality |
    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

  4. #564
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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by Catawba View Post
    Once again, you exclude capital gains and dividends tax rates. That is where most of the disparity in income results from.



    The Bush Tax Cuts Disproportionately Benefitted the Wealthy | Economic Policy Institute
    More nonsense. of course tax cuts benefit those who pay the most taxes disproportionately

    if tax cuts benefited everyone proportionately that would mean we had a FLAT TAX, something you welfare socialist soak the rich tax warfare operatives absolutely LOATHE

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

    Quote Originally Posted by Catawba View Post
    "Over the last 30 years, the top income tax rate has averaged about 40%. It’s now at 35%, one-half of the 70% rate in effect throughout the 1970s. It was even higher, at 90% in the 1950s and early 1960s, before being reduced to 70% in 1965. As we discuss (Stable Income Inequality), these lower-than maximum income tax rates were an instrumental factor, together with the other two pillars of Reaganomics [1], in greatly increasing income and wealth inequality, with disastrous consequences for the economy and for the bottom 99%."

    The 30-Year Growth of Income Inequality |
    so you think the purpose of the government and taxes is to prevent the most able and the most resourceful from increasing their wealth?

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

    Quote Originally Posted by j-mac View Post
    I believe this is artificial these days as well...but artificial or not it will come, have no fear, it is inevitable.
    Well be sure to let us know when it happens, cause it ain't happening now.



    You can thank repubs, and Gingrich for dragging him kicking and screaming for that.
    Really, Gingrich is the one responsible for cutting military spending in half???



    Yes, that worked out well on 9/11 didn't it?
    Military spending does not affect Saudis hijacking your own planes and using them against you.



    No, in fact missiles to aspirin factories in order to divert attention to his uncontrollable escapades were the order of the day. In any case, he nearly left us wide open, and we were attacked....Great record.
    We were attacked by Saudis. The ones we kiss ass for their oil, remember?



    And left Bush with a recession due to his corrupt energy policy.
    Sorry, it wasn't even bad enough to meet the definition of a recession.


    Now for the record, I think that Clinton did do some good things, but to cast him as some sort of model in governance is a mistake.
    It wasn't Ciinton, and it wasn't Gingrich. It was both sides coming together to cut spending and increase taxes so they could lower the deficit.

    That's what will inevitably have to happen again, if we are to lower the deficit. The no tax thing has got to go bye bye, are we aren't going to get anywhere.
    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

  7. #567
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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by Neomalthusian View Post
    Minimum wage is a 5-figure job.
    Your correct...it was a typo...make that 6 figures and up

  8. #568
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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by Catawba View Post
    It was a question, notice the question mark at the end of the sentence. Its worse than I thought. Thanks!
    Something about your source is fallacious. The Taxpayer Relief Act of 1997 cut the capital gains tax rate from the 28% your source states to 20%. Look it up.

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

    Quote Originally Posted by TurtleDude View Post
    so you think the purpose of the government and taxes is to prevent the most able and the most resourceful from increasing their wealth?
    Turtle..do you believe that america should be like medieval england...where the rich and powerful lived in luxury off the toils of the peasants living outside their plush castles..who gave the best of the best of everything to the rich barons and were left with the dregs..in time of drought and famine everything went to the rich barons and lords and the peasants starved...the only thing they recieved from the lords was protection from invaders and that was the lords protecting their investment....you seem to want america to be exactly that way for the most part....peasants work for peanuts to enrich the rich...fight their wars so they can get richer..and in return they get low pay...no pensions, no benefits no security in old age....

  10. #570
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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by lpast View Post
    Turtle..do you believe that america should be like medieval england...where the rich and powerful lived in luxury off the toils of the peasants living outside their plush castles..who gave the best of the best of everything to the rich barons and were left with the dregs..in time of drought and famine everything went to the rich barons and lords and the peasants starved...the only thing they recieved from the lords was protection from invaders and that was the lords protecting their investment....you seem to want america to be exactly that way for the most part....peasants work for peanuts to enrich the rich...fight their wars so they can get richer..and in return they get low pay...no pensions, no benefits no security in old age....

    There is more than one way to surfdom my friend...In the modern day I believe it would be called Socialism....


    j-mac
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

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