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Thread: Census finds record gap between rich and poor

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    Re: Census finds record gap between rich and poor

    Quote Originally Posted by ender1 View Post
    I would say that the worst economic down turn since the Great Depression is "Hurting" the economy.
    If you were around when Reagan took off that economy was worse than the one Obama inherited and as a member of Congress helped create. High interest rates and high inflation created a misery index of the mid 20's. When Obama took office interest rates were about zero and inflation was almost non existent. the financial crisis had been averted.

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    Re: Census finds record gap between rich and poor

    Quote Originally Posted by Conservative View Post
    Spoken like someone who supports taking of income from anyone that you disagree with. You don't seem to understand that taxes come from individuals and businesses that earned it. It is their money being transferred to the govt. so that the govt. can decide where it goes. You don't see a problem with that?
    We have a mixed economy. That means the government supports the private sector in small and large ways, and, on behalf of the public interest, is entitled to a share in the profits.

    I'll use a simple example. Consider how much support relay services like trains and the airline industry have received from the government. Then consider how much private sector businesses, small and large, rely on those services to move products, people, and information. Imagine how much difficult this process would be if trains and airlines folded altogether. Other businesses could buy shares in the industries for the sole purpose of keeping them open to continue moving goods, but their quarterly profits are comparatively small to the government's revenue. And lacking the ability to secure large and pay loans, they wouldn't be able to finance the burden of bail-outs as effectively.

    Furthermore, no single business, no matter how large, would be able to support the airlines by themselves. So they would have to form coalitions with institutions they normally compete with. These alliances might be tempted to use their ownership to exclude businesses from moving their goods via train or airplane. That would be a short term gain for the alliance, but it would impede economic growth overall and lead recession.

    So, the government supports the relay services and manipulates the law so that they function as a 'neutral ground' which, while inconsistently profitable in-themselves, drives success in other areas of the market.

    A mixed market economy is the only way to produce and maintain a technological revolution where inventions like the 'Internet' are possible. One of the consequences of a mixed market economy is that is requires a big, active, high spending government.
    Last edited by Morality Games; 10-30-10 at 10:47 PM.
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    Re: Census finds record gap between rich and poor

    Quote Originally Posted by Conservative View Post
    the financial crisis had been averted.
    Tell that to 50 million Americans who have no healthcare and the 10% without jobs. Not to mention those in part time jobs or people with masters degrees in call centers.

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    Re: Census finds record gap between rich and poor

    Quote Originally Posted by Morality Games View Post
    We have a mixed economy. That means the government supports the private sector in small and large ways, and, on behalf of the public interest, is entitled to a share in the profits.

    I'll use a simple example. Consider how much support relay services like trains and the airline industry have received from the government. Then consider how much private sector businesses, small and large, rely on those services to move products, people, and information. Imagine how much difficult this process would be if trains and airlines folded altogether. Other businesses could buy shares in the industries for the sole purpose of keeping them open to continue moving goods, but their quarterly profits are comparatively small to the government's revenue. And lacking the ability to secure large and pay loans, they wouldn't be able to finance the burden of bail-outs as effectively.

    Furthermore, no single business, no matter how large, would be able to support the airlines by themselves. So they would have to form coalitions with institutions they normally compete with. These alliances might be tempted to use their ownership to exclude businesses from moving their goods via train or airplane. That would be a short term gain for the alliance, but it would impede economic growth overall and lead recession.

    So, the government supports the relay services and manipulates the law so that they function as a 'neutral ground' which, while inconsistently profitable in-themselves, drives success in other areas of the market.

    A mixed market economy is the only way to produce and maintain a technological revolution where inventions like the 'Internet' are possible. One of the consequences of a mixed market economy is that is requires a big, active, high spending government.
    There is a difference between supporting private business and getting in the way of private business with excessive taxation. It is the government's role to support the private sector, not put it out of business. Allowing businesses to keep more of what they earn is what the American economy is all about and something Obama doesn't understand nor do all liberals. It is jealousy that drives liberalism and Obama. The disdain liberals have for business is quite telling.

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    Re: Census finds record gap between rich and poor

    Quote Originally Posted by ender1 View Post
    Tell that to 50 million Americans who have no healthcare and the 10% without jobs. Not to mention those in part time jobs or people with masters degrees in call centers.
    It isn't the Federal Government's responsibility to take taxpayer money and fund healthcare for individuals. That is your responsibility at worse or at best the state and local government along with charities. Why is it your responsibility to provide my insurance and vice versa? If hospitals pay for ER service that cost is passed on to the local community, not the Federal Taxpayer. Let the states solve their own healthcare problems.

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    Re: Census finds record gap between rich and poor

    Quote Originally Posted by Conservative View Post
    There is a difference between supporting private business and getting in the way of private business with excessive taxation. It is the government's role to support the private sector, not put it out of business. Allowing businesses to keep more of what they earn is what the American economy is all about and something Obama doesn't understand nor do all liberals. It is jealousy that drives liberalism and Obama. The disdain liberals have for business is quite telling.
    Taxes are at near historic lows. Even if they go up a few % they are still lower than almost any time in out history.

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    Re: Census finds record gap between rich and poor

    Quote Originally Posted by Conservative View Post
    It isn't the Federal Government's responsibility to take taxpayer money and fund healthcare for individuals. That is your responsibility at worse or at best the state and local government along with charities. Why is it your responsibility to provide my insurance and vice versa? If hospitals pay for ER service that cost is passed on to the local community, not the Federal Taxpayer. Let the states solve their own healthcare problems.
    Wat about the second part. How can you say "the financial crisis had been averted." when businesses are scared to hire anyone?

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    Re: Census finds record gap between rich and poor

    Quote Originally Posted by ender1 View Post
    Taxes are at near historic lows. Even if they go up a few % they are still lower than almost any time in out history.
    Taxes are at a historic low thanks to President Bush, what are you going to pay in taxes under Obama when the Bush tax cuts expire and when healthcare costs hit your business. What other taxes does Obama have in store for you?

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    Re: Census finds record gap between rich and poor

    Quote Originally Posted by Conservative View Post
    There is a difference between supporting private business and getting in the way of private business with excessive taxation. It is the government's role to support the private sector, not put it out of business. Allowing businesses to keep more of what they earn is what the American economy is all about and something Obama doesn't understand nor do all liberals. It is jealousy that drives liberalism and Obama. The disdain liberals have for business is quite telling.
    At a procedural level, jealousy is not a factor.
    If you notice something good in yourself, give credit to God, not to yourself, but be certain the evil you commit is always your own and yours to acknowledge.

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  10. #1130
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    Re: Census finds record gap between rich and poor

    Quote Originally Posted by ender1 View Post
    Wat about the second part. How can you say "the financial crisis had been averted." when businesses are scared to hire anyone?
    It isn't the financial crisis that is scaring business, it is Obama policies that are scaring business. You ought to know that. I am still waiting for what policies Bush implemented that hurt your business or your family?

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