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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 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.
    It sounds like nationalization, to me.

    You keep talking about people who are lazy and yet you are on this forum all day, everyday, which suggests you are not working. I see on your profile that you claim to be an oil worker. So tell me how do you work as oil worker if you on always playing on this forum?
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    Re: Census finds record gap between rich and poor

    Quote Originally Posted by CriticalThought View Post
    I'm pretty sure they already do it and have been doing it for a long time. States collect state income tax and property taxes and record taxes of localities. It's easy enough for the federal government to collect that information from the states.
    I'm not saying that the federal government isn't at some level aware of what each state and municipality does for taxes, I'm saying that federal income tax rates are not set in a fashion that tries to complement state or local taxes. Quite the opposite.
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    Re: Census finds record gap between rich and poor


  4. #194
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    Re: Census finds record gap between rich and poor

    Quote Originally Posted by RightinNYC View Post
    And given that the rest of us are conducting a discussion in the shadow of a proposed tax increase on those earning over $250k, I'm wondering why you thought that was relevant.
    That's pretty funny considering the rest of us were talking about the widening gap between the rich and the poor until you derailed the thread to talk about taxes.

    So why is the middle class getting poorer and the rich getting richer? I suspect it might have something to do with the systemic dismantling of our manufacturing base that sent millions of jobs overseas and the packing of the SCOTUS with activist judges that have consistently ruled in favor of corporate interests over democracy and individual rights. Never was the later more apparent than in their recent ruling Citizens United vs Federal Election Commission which has allowed the Koch's blatant and obvious attempt to steal the upcoming election. And of course, the banks, Goldman Sachs and JPMorgan have entrenched themselves in the government and now literally have this country's economy by the balls. We the people don't stand a chance against this corporate oligarchy...see my sig. Viva la French Revolution, history is about to repeat itself again.

    The rest of your post was irrelevant to the topic unless you want to explain how tax cuts for the wealthy has only helped to increase the widening gap between the rich and the poor.
    Last edited by Moot; 09-29-10 at 04:43 PM.

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    Re: Census finds record gap between rich and poor

    touted as the perfect example of a toobig saved by his stimulus (why can't obama say the s-word anymore?) caterpillar opens factory in china

    Caterpillar to install factory in China: company - Yahoo! News

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    Re: Census finds record gap between rich and poor

    Quote Originally Posted by The Prof View Post
    touted as the perfect example of a toobig saved by his stimulus (why can't obama say the s-word anymore?) caterpillar opens factory in china

    Caterpillar to install factory in China: company - Yahoo! News
    We have toyota, honda, etc. here, why not Caterpillar in China? They are a growing economy and need heavy equipment. It is a good market. It will bring SOME money to the USA.
    Besides, ever figure the postage to ship a piece of heavy equipment from here to there?
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    Re: Census finds record gap between rich and poor

    Quote Originally Posted by Moot View Post
    That's pretty funny considering the rest of us were talking about the widening gap between the rich and the poor until you derailed the thread to talk about taxes.
    If you refer back to the Op, you notice that it's author says this is a great time and a good reason to raise taxes--as if raising taxes is going to make poor people rich.

    So why is the middle class getting poorer and the rich getting richer? I suspect it might have something to do with the systemic dismantling of our manufacturing base that sent millions of jobs overseas and the packing of the SCOTUS with activist judges that have consistently ruled in favor of corporate interests over democracy and individual rights. Never was the later more apparent than in their recent ruling Citizens United vs Federal Election Commission which has allowed the Koch's blatant and obvious attempt to steal the upcoming election. And of course, the banks, Goldman Sachs and JPMorgan have entrenched themselves in the government and now literally have this country's economy by the balls. We the people don't stand a chance against this corporate oligarchy...see my sig. Viva la French Revolution, history is about to repeat itself again.

    The rest of your post was irrelevant to the topic unless you want to explain how tax cuts for the wealthy has only helped to increase the widening gap between the rich and the poor.
    Are the rich getting richer? Not so sure about that, but I can tell that the government can share some of the blame for making the middle class poorer.

    Viva la French Revolution, history is about to repeat itself again.
    be careful what you wish for. Obama just hired 10,000 new IRS agents to hound small businesses and middle class folks about their taxes.
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    Re: Census finds record gap between rich and poor

    The census always finds gaps between the "rich" and "poor". What the census' trends don't tell you is that the "poor" don't stay poor. Over the course of their lives people move from one income bracket to the next in just a few short years as people's skill set, education level, experience level, etc. increases.

    I suspect if you looked, the census will also tell you that Hispanic households make more than black households without ever explaining that Hispanic households have more people (meaning more income streams) than do black households but that blacks make more per capita than Hispanics.

    The devil is in the details but such statistics give politicians--ecspecially liberals--something to rail against.

    Anybody else notice this is coming out right at election time?

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    Re: Census finds record gap between rich and poor

    Quote Originally Posted by apdst View Post
    If you refer back to the Op, you notice that it's author says this is a great time and a good reason to raise taxes--as if raising taxes is going to make poor people rich.



    Are the rich getting richer? Not so sure about that, but I can tell that the government can share some of the blame for making the middle class poorer.



    be careful what you wish for. Obama just hired 10,000 new IRS agents to hound small businesses and middle class folks about their taxes.

    To hound, or to enforce the law? I guess it depends on where you stand with IRS laws. If you are a tax cheat, you might be disposed to use the word hound....
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    Re: Census finds record gap between rich and poor

    Quote Originally Posted by The Baron View Post
    The census always finds gaps between the "rich" and "poor". What the census' trends don't tell you is that the "poor" don't stay poor. Over the course of their lives people move from one income bracket to the next in just a few short years as people's skill set, education level, experience level, etc. increases.

    I suspect if you looked, the census will also tell you that Hispanic households make more than black households without ever explaining that Hispanic households have more people (meaning more income streams) than do black households but that blacks make more per capita than Hispanics.

    The devil is in the details but such statistics give politicians--ecspecially liberals--something to rail against.

    Anybody else notice this is coming out right at election time?

    I think it has more to do with the census results just coming out that show the middle class is getting poorer than it does the election. So you are probably right about people moving from one income bracket to another, only now instead of moving up a bracket, they are moving down.

    The census also shows that the income of naturalized citizens, particularly Asians is going up, while the average income for both native born whites and blacks is going down. I suspect that has a lot to do with the Asians placing a high emphasis on education for their children and their work ethics.
    Last edited by Moot; 09-29-10 at 06:15 PM.

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