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Thread: Inequality Troubles Americans Across Party Lines, Times/CBS Poll Finds

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    Re: Inequality Troubles Americans Across Party Lines, Times/CBS Poll Finds

    Quote Originally Posted by Caine View Post
    Unfortunately it should be up to the market.

    If the government starts telling companies how much someone is worth and capping higher responsibility positions pay....... at what point do we enter socialism? At what point do we decide to give up all of our choices to the government and let them rule over us like peasants in feudal times?
    So, solving inequality is up to the market that created the inequality? What has happened in the past and what is happening now (see below) is that income is being concentrated in the pockets of the upper elite. There is no market force to counter that. In decades past, the solution was to tax high income and wealth; strong unions and a high minimum wage which tend to re-distribute that money down. That's what you see in the 1940s and 1950s.


    Credit to Piketty and Saez
    "I never meant to say that the Conservatives are generally stupid. I meant to say that stupid people are generally Conservative. I believe that is so obviously and universally admitted a principle that I hardly think any gentleman will deny it." --J.S. Mill

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    Re: Inequality Troubles Americans Across Party Lines, Times/CBS Poll Finds

    Quote Originally Posted by The Mark View Post
    Who then?

    Self-regulation? Ain't happening so far.

    Lynch mobs killing CEO's? That's illegal and probably alot of people would die.
    Why stop at any CEO who the uneducated mob feels makes too much money? Movie stars make too much. Paris Hilton and Barbara Streisand should certainly be incarcerated. So should Le Bron James and Floyd Meriweather. The rabble should seize all their assets and put these celebrities in the streets with the rest of the homeless, once they get past their private policing.

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    Re: Inequality Troubles Americans Across Party Lines, Times/CBS Poll Finds

    Quote Originally Posted by MTAtech View Post
    So, solving inequality is up to the market that created the inequality? What has happened in the past and what is happening now (see below) is that income is being concentrated in the pockets of the upper elite. There is no market force to counter that. In decades past, the solution was to tax high income and wealth; strong unions and a high minimum wage which tend to re-distribute that money down. That's what you see in the 1940s and 1950s.


    Credit to Piketty and Saez
    Why strive to get to the upper elite if welfare and food stamps are readily available to get through life? Your stats probably reflect the growth of the welfare state.

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    Re: Inequality Troubles Americans Across Party Lines, Times/CBS Poll Finds

    Quote Originally Posted by Grant View Post
    Why strive to get to the upper elite if welfare and food stamps are readily available to get through life? Your stats probably reflect the growth of the welfare state.
    You and the WSJ editorial believe these the lucky duckies who have the great good fortune because they're, um, so poor, that they pay no federal income taxes and are eligible for the safety net programs.

    If you disagree, quit your job and give away all of your assets so that you can live on "easy street."

    I understand that the right needs to establish a false narrative that paints these programs as over-generous because they have always hated these programs and have always fought to shut them down. So, saying that life is so easy living on SNAP and Medicaid is convenient. It's just not true.

    What we see in practice, however, is that European countries with relatively low inequality of market income do much more redistribution than the United States, with its high inequality, and that as America has gotten more unequal, its tax and transfer system has grown less, not more redistributive.

    In particular, imagine yourself as a media consultant for the conservatives in the top 0.01%. What would you do in an effort to stop the median voter from realizing that they would benefit from a more European-style system? Well, you'd do everything you can to exaggerate the social safety net and minimize the benefit of higher taxes on society, while trying to convince middle-income voters that the benefits of government programs go to other people.
    "I never meant to say that the Conservatives are generally stupid. I meant to say that stupid people are generally Conservative. I believe that is so obviously and universally admitted a principle that I hardly think any gentleman will deny it." --J.S. Mill

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    Re: Inequality Troubles Americans Across Party Lines, Times/CBS Poll Finds

    Quote Originally Posted by Grant View Post
    Why stop at any CEO who the uneducated mob feels makes too much money? Movie stars make too much. Paris Hilton and Barbara Streisand should certainly be incarcerated. So should Le Bron James and Floyd Meriweather. The rabble should seize all their assets and put these celebrities in the streets with the rest of the homeless, once they get past their private policing.
    Progressive taxation has nothing to do with harming others, it has everything to do with having a good economy. Unfortunately few on the right or the left understand this,
    Quote Originally Posted by ocean515 View Post
    ...I'm not interested in debating someone who is trolling for an argument....
    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

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    Re: Inequality Troubles Americans Across Party Lines, Times/CBS Poll Finds

    Quote Originally Posted by imagep View Post
    Progressive taxation has nothing to do with harming others, it has everything to do with having a good economy. Unfortunately few on the right or the left understand this,
    I understand that progressive taxation has nothing to do with having a good economy.

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    Re: Inequality Troubles Americans Across Party Lines, Times/CBS Poll Finds

    Quote Originally Posted by Fletch View Post
    I understand that progressive taxation has nothing to do with having a good economy.
    It makes sense though. Who spends more % of the money they earn? Hint, it ain't rich people.
    Thus money velocity will come from the hands of the poor, as opposed to the rich, who have a lower propensity to spend.
    Men do what they have to when they want to, Great men do what they have to, even when they don't want to.

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    Re: Inequality Troubles Americans Across Party Lines, Times/CBS Poll Finds

    Quote Originally Posted by Fruityfact View Post
    It makes sense though. Who spends more % of the money they earn? Hint, it ain't rich people.
    Thus money velocity will come from the hands of the poor, as opposed to the rich, who have a lower propensity to spend.
    Bullseye.
    Quote Originally Posted by ocean515 View Post
    ...I'm not interested in debating someone who is trolling for an argument....
    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

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    Re: Inequality Troubles Americans Across Party Lines, Times/CBS Poll Finds

    Quote Originally Posted by imagep View Post
    Bullseye.
    I'm just waiting on a wacko, nonsensical counter theory.
    Men do what they have to when they want to, Great men do what they have to, even when they don't want to.

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    Re: Inequality Troubles Americans Across Party Lines, Times/CBS Poll Finds

    That type of poll is fraught with risks of misunderstanding, but it does indicate that we probably have a problem. The only question is which that is. After all, the economic effects of various measures have very, very different consequences to the point of being contrary. Same is true with measures affecting wealth and income.

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