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Thread: Census finds record gap between rich and poor

  1. #141
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    CriticalThought's Avatar
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    Re: Census finds record gap between rich and poor

    Quote Originally Posted by The Prof View Post
    gosh, sometimes the govt is just generous to a fault with ITS money, huh?
    If everyone was fair and responsible with their own money then what would be the point of even having a government?

  2. #142
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    UtahBill's Avatar
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    Re: Census finds record gap between rich and poor

    Quote Originally Posted by CriticalThought View Post
    If everyone was fair and responsible with their own money then what would be the point of even having a government?
    to provide jobs for people who are otherwise unemployable?
    Oracle of Utah
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  3. #143
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    Re: Census finds record gap between rich and poor

    the govt is fair and responsible?

    LOL!

  4. #144
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    Re: Census finds record gap between rich and poor

    why did the party punt?

  5. #145
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    Re: Census finds record gap between rich and poor

    Quote Originally Posted by Moot View Post
    Does a $700 billion bailout for failing look like punishment to you? Does earning 400x the average worker look like punishment to you? Oh boo hoo those who make obscene amounts of money should pay the same percentage of their income as does the average worker.
    Conflating CEO's with the millions of people earning over $250k doesn't help your argument.

    Quote Originally Posted by Moot View Post
    Well, no one was forcing the plantation owners to have slaves, either. And yet the slaves labor must have been worth something if it helped to pay for all those fancy plantation homes and allow their owners to live like mini kings. I know, you long for the good ol days of slave and mastah.
    What are you even talking about?

    You really, seriously, don't understand the difference between slavery and the free market?

    Quote Originally Posted by Moot View Post
    Somebodies got to pay for that stupid war that Bush got us into. Why do people like you think the elite can take us into a war and not help pay for it?
    Yes, every person earning over $250k just FORCED us into that war.

    Why should I pay for that stupid war when I was adamently against it?
    I'm opposed to extending unemployment, so I can just take that out of my tax bill, right?

    That's not how taxes work.
    No they don't. I pay 30% of my income in taxes. The wealthy only pay 15% on theirs.
    Again, why do you keep conflating billionaires who earn their income via capital gains with all people earning over $250k?

    The Tax Foundation - Summary of Latest Federal Individual Income Tax Data

    The average person earning more than $250k pays a much higher percentage of his income in federal tax than the average person earning less.

    Unearned income? So you're admitting the wealthy don't "earn" their income? On that I would agree since I earn my income, the wealthy make money off of me.
    No, he was using a technical economic term, something that appears to be wasted on this thread.

    Well, since the rich people didn't make the land, then they should pay for it. Why should they have land for free?
    lolllll

    If you don't even know what ballpark the estate tax is in, you shouldn't try to talk about what we should do with it.


    Quote Originally Posted by CriticalThought View Post
    Everyone from the $66,100 on up pays approximately 30% on income taxes. The very wealthiest individuals in our country pay less than 20%.
    Yea, and if we were talking about creating a special tax bracket for those earning $50m+, then that would be relevant. Again, the average person earning $250k is paying a much higher percentage of his income in taxes than someone earning $66k.
    People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf.

  6. #146
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    Re: Census finds record gap between rich and poor

    Quote Originally Posted by The Prof View Post
    the govt is fair and responsible?

    LOL!
    A lot more fair and responsible than Wall Steet has proven to be.

  7. #147
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    Re: Census finds record gap between rich and poor

    Quote Originally Posted by UtahBill View Post
    and nursing homes, for all us baby boomers...I was born in 1946, the first year for boomers...
    You younger folk keep paying into social security and medicare, you hear? We boomers appreciate it....
    That’s right bro and boost he age of retirement up to …say, at least seventy(after I retire of course). Keep the ole nose to the grindstone.
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

  8. #148
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    Re: Census finds record gap between rich and poor

    Quote Originally Posted by RightinNYC View Post
    Yea, and if we were talking about creating a special tax bracket for those earning $50m+, then that would be relevant. Again, the average person earning $250k is paying a much higher percentage of his income in taxes than someone earning $66k.
    Um...no they aren't. 66K is 30% and 250K is 32%.

    http://www.ctj.org/pdf/taxday2009.pdf

  9. #149
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    Re: Census finds record gap between rich and poor

    Quote Originally Posted by CriticalThought View Post
    I'm still waiting for evidence that tax cuts actually lead to job creation.

    Tax rate:



    Unemployment rate:



    I'm just not seeing it.

    In fact, if paying higher taxes is so bad, why does it correspond with the lowest unemployment rates?
    The way I see it the big drop in tax rates in 1926 to 1931 looks like it caused the massive unemployment of 1928. When taxes went back up to historic rates in the late 30's and through 1976 it looks like unemployment was around 3%. Then when the taxes rates go down again unemployment went up.

    You were trying to prove that higher taxes cause low unemployment right. Because thats how I read the chats.

    Im not for raising taxes. Thats what your chart appears to prove though.

  10. #150
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    Re: Census finds record gap between rich and poor

    Quote Originally Posted by UtahBill View Post
    Pork and beans, I love it. but it gives me really bad gas.....
    between that and the propane leaks, it is no wonder so many of those trailers burn to the ground...
    One of my siblings lives in one....
    As poor as he is, he still pays a higher percentage on his income than the rich who don't produce anything, just live on investment income.
    There's always BEANO. LOL

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