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Ap survey: Us income gap is holding back economy

Juanita said:
.....or could the higher prices simply be greed....I'm a big catalogue shopper and what I paid $10 for last year now costs $16...
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In that particular case I would think the significant increase in such a short time is due more to catalog merchants going out of business in recent years as a result of internet shopping, along with the repeal of the resale price maintenance law that exempted catalog merchants, rather than mere reasons of “greed”. The point is, the steady inflationary rise in the cost of living and consolidation of wealth to the so-called 1%, is due more to a central bank that employs failed policies of fractional reserve banking along with the income tax, than any independent rise in pricing of the smaller business owners struggling to compete.

The 147 Companies That Control Everything - Forbes

https://www.youtube.com/watch?v=iYZM58dulPE

https://www.youtube.com/watch?v=mII9NZ8MMVM
 
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TML said:
In that particular case I would think the significant increase in such a short time is due more to catalog merchants going out of business in recent years as a result of internet shopping, along with the repeal of the resale price maintenance law that exempted catalog merchants, rather than mere reasons of “greed”. The point is, the steady inflationary rise in the cost of living and consolidation of wealth to the so-called 1%, is due more to a central bank that employs failed policies of fractional reserve banking along with the income tax, than any independent rise in pricing of the smaller business owners struggling to compete.



These catalogues have websites also......It comes as no surprise that the more money you have and the more that you own -- the more power and control that you have.. It isn't complicated.... IRS has been around for quite some time--the very rich and powerful do not pay their fair share..
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TheDemSocialist said:
Read more @: AP survey: US income gap is holding back economy

No surprise here. Seems that this trickle down economic theory isnt working at all, also not a surprise.
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I don't think the rich really care. Their money is fluid. If the US economy fails, they simply move their assets and investments into another market. The ups and downs of the market are created, i believe, by the super rich in order to increase their wealth even further. Who else has the bankroll to take advantage of short term turmoil in the market. Sell high, buy low. That is exactly what the super rich do. They have the media at their fingertips. Sell the public that the economy is going to tank, create mass panic, prices drop. They watch for what drops, buy it, and then say.. ohhh.. now the economy is recovering. Instantly doubling their money... I know that is how I would do it if I were among the super rich.
 
Juanita said:
TML said:
In that particular case I would think the significant increase in such a short time is due more to catalog merchants going out of business in recent years as a result of internet shopping, along with the repeal of the resale price maintenance law that exempted catalog merchants, rather than mere reasons of “greed”. The point is, the steady inflationary rise in the cost of living and consolidation of wealth to the so-called 1%, is due more to a central bank that employs failed policies of fractional reserve banking along with the income tax, than any independent rise in pricing of the smaller business owners struggling to compete.



These catalogues have websites also......It comes as no surprise that the more money you have and the more that you own -- the more power and control that you have.. It isn't complicated.... IRS has been around for quite some time--the very rich and powerful do not pay their fair share..
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So what is a fair share? IRS own numbers state that the top 10% of earners pay something like 74% of federal tax.
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