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Thread: Census finds record gap between rich and poor

  1. #391
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    Re: Census finds record gap between rich and poor

    Quote Originally Posted by Grant View Post
    The rich will continue to get richer because they send their children to private schools while the poor have their children going to public schools, where loyalty to the Unions comes before loyalty to the children's education.
    I went to a rural public school and did quite alright for myself education-wise.

    That being said, my kids will be going to Stuyvesant, Bronx Science, or private school.
    People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf.

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    Re: Census finds record gap between rich and poor

    Quote Originally Posted by Grant View Post
    The rich will continue to get richer because they send their children to private schools while the poor have their children going to public schools, where loyalty to the Unions comes before loyalty to the children's education.
    The rich will keep getting richer because they keep doing the things that make them rich.
    The poor will continue to get poorer because, well, they keep doing the things that make them poor.
    From the ashes.

  3. #393
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    Re: Census finds record gap between rich and poor

    Quote Originally Posted by RightinNYC View Post
    I went to a rural public school and did quite alright for myself education-wise.

    That being said, my kids will be going to Stuyvesant, Bronx Science, or private school.
    I have two sons one went to public schools and one went to church schools.The oldest son (church school) went on and got his degree and was quite successful until he had a stroke.

    Youngest son, with his public school education is also quite successful but he took a different path. He worked for other companies, one being (Boeing) before deciding that he didnít like that route, so he started his own tool and die shop.

    Was doing quite well up until the last two years, had to lay off a few good workers but he has landed a pretty good subcontract (Boeing ) so should be able to call them back pretty soon.

    Of course the ole man got him some pretty good deals on CNC machines that were up for auction from companies that went bankrupt the last couple of years. He got a pretty good deal on the shipping cost to drag them into the shop as well.
    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

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    Re: Census finds record gap between rich and poor

    Quote Originally Posted by donc View Post
    I have two sons one went to public schools and one went to church schools.The oldest son (church school) went on and got his degree and was quite successful until he had a stroke.

    Youngest son, with his public school education is also quite successful but he took a different path. He worked for other companies, one being (Boeing) before deciding that he didn’t like that route, so he started his own tool and die shop.

    Was doing quite well up until the last two years, had to lay off a few good workers but he has landed a pretty good subcontract (Boeing ) so should be able to call them back pretty soon.

    Of course the ole man got him some pretty good deals on CNC machines that were up for auction from companies that went bankrupt the last couple of years. He got a pretty good deal on the shipping cost to drag them into the shop as well.
    Sorry to hear about your son, DonC. I hope he is well.

  5. #395
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    Re: Census finds record gap between rich and poor

    Quote Originally Posted by hazlnut View Post
    Census finds record gap between rich and poor



    Even if the release of this was timed, it's still relevant to the midterms and taxes.

    Now is not the time to give an additional tax break to the wealthy and super-wealthy.
    $100,000 is not wealthy.
    "It's not that I'm afraid to die, I just don't want to be there when it happens." Woody Allen.

  6. #396
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    Re: Census finds record gap between rich and poor

    Quote Originally Posted by apdst View Post
    That almost sounds like something that Karl Maex would say. Nevermind all that crapola about, "inalienable rights". All that bull**** about, "life, liberty and the pursuit of happiness", don't mean anything. We have to pay for the privilege.

    Well, some folks aren't paying their fair share and you don't seem to mind at all.
    Finally, you are at least half right...some folks aren't paying their fair share, the RICH are getting away with robbery. They are stealing from the country that gave them the opportunity to get rich...
    The part you got wrong, I do mind, a lot. And as usual, you label me as something I am not....just because I am willing to support the country that took me in to the Navy, and trained me, and gave me the skills to be employed in civilian life, I am somehow a marxist. Where did you get your skills? I hear working on an oil rig usually requires more brawn than brain, depending on what you do...
    Oracle of Utah
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    Re: Census finds record gap between rich and poor

    why did the party punt?

    Echo Chamber: Punting Congress - Alexander Trowbridge - POLITICO.com

    taxing the rich is central to narrowing the gap the census uncovered between the well off and those with only two flat screen tv's, leadership has patiently explained

    right and wrong are one thing, and it's important that we teach our children

    but for us grownups, reality trumps homilies

    Olympia Snowe firm on extending tax cuts - Glenn Thrush - POLITICO.com

    and omnipresent olympia symbolizes ROADBLOCK

    CHECKMATE

    the FORTY SEVEN centrists on pelosi's temporary carpet demonstrate a similar landscape prevails downstairs

    whatcha gonna do, nance?

    tax cuts for EVERYONE?

    or NO ONE?

    your move (tick tock tick...)

  8. #398
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    Re: Census finds record gap between rich and poor

    Quote Originally Posted by TurtleDude View Post
    as I noted in another post the longer a "game" takes place the more a skilled player will win. Its like poker, those with skill or luck will continue to make money against those who have neither skill nor luck. Those who have both a great amount of skill and luck will almost always win and the longer the game goes, the more they win.

    so it is to be expected that the rich get richer as the years go by. So tell me Ender, what is your solution?
    Currently the us government only has a few sources of income. Individual income tax, Payroll tax, corporate tax and about 7%from excise and other small stuff. Without creating another source of income thatís what we have to work with. Any other income source would create a larger government and who wants that.

    The federal government brings in about 2.5 trillion a year. As much as everyone hates to pay taxes its a good way to collect income. Its broken but can be fixed. Here are a few ideas. $345 billion go uncollected so lets go after those first. Next lets take away most of the tax exemptions. Leave home interest, kids and current tax shelters. Others like a tax exemption for pineapple farmers in Hawai can go. That should be another 10% to 15%.

    Next is trade. This may actually be more important than anything. We must get better at how we deal with our international trade. To allow countries to unfairly trade with us has lost us not only jobs but entire industries. Force China to stop fixing their Currency and the next day we have 1.9 million jobs. More jobs = more income.

    Those are a few ideas. Since we spend more than we make we either have to add to the debt of over 11 trillion or raise taxes. Unfortunately I don't see a way to avoid a little of both until we that can control spending. We cant do that until the people in office get there without being paid for by business and special interest. That's both republican and democrat.

    I'm not a catastrophist but am concerned about some possible economic ssues.

    * About 60% of our health care goes to geriatrics. As the baby boomers move into this group we will have to make some very difficult decisions. Expect geriatric healthcare to increase by double in about 10 years.

    * Big business like GM, Exxon and Monsanto ect. have been allowed to destroy many industries and need to be regulated by a government agency NOT run by their ex employees.

    * When the banks cried wolf and were handed a trillion dollars only to turn around and post huge profits the next quarter it angered congress. We already have seen several new regulations and should expect more unless the new congress has short term memory. e.g. interchange fees reduced, overdraw fees eliminated, on January 1 the new risk based lending letters ect ect.
    This will have an effect on the banking industry for years and will cause about 3000 small and medium banks to go away.

    I can go on but dont want to babble

  9. #399
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    Re: Census finds record gap between rich and poor

    Quote Originally Posted by UtahBill View Post
    Finally, you are at least half right...some folks aren't paying their fair share, the RICH are getting away with robbery. They are stealing from the country that gave them the opportunity to get rich...
    The part you got wrong, I do mind, a lot. And as usual, you label me as something I am not....just because I am willing to support the country that took me in to the Navy, and trained me, and gave me the skills to be employed in civilian life, I am somehow a marxist. Where did you get your skills? I hear working on an oil rig usually requires more brawn than brain, depending on what you do...
    this oozes Bull poop. The rich (however you describe them) pay far far more than they use and contrary to the steaming pile of dung that is thrown around here, most of the rich got that way not by stealing stuff, not by ripping off people, but by doing the right things and making themselves valuable and thus having stock in trade



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    Re: Census finds record gap between rich and poor

    Quote Originally Posted by ender1 View Post
    Currently the us government only has a few sources of income. Individual income tax, Payroll tax, corporate tax and about 7%from excise and other small stuff. Without creating another source of income that’s what we have to work with. Any other income source would create a larger government and who wants that.

    The federal government brings in about 2.5 trillion a year. As much as everyone hates to pay taxes its a good way to collect income. Its broken but can be fixed. Here are a few ideas. $345 billion go uncollected so lets go after those first. Next lets take away most of the tax exemptions. Leave home interest, kids and current tax shelters. Others like a tax exemption for pineapple farmers in Hawai can go. That should be another 10% to 15%.

    Next is trade. This may actually be more important than anything. We must get better at how we deal with our international trade. To allow countries to unfairly trade with us has lost us not only jobs but entire industries. Force China to stop fixing their Currency and the next day we have 1.9 million jobs. More jobs = more income.

    Those are a few ideas. Since we spend more than we make we either have to add to the debt of over 11 trillion or raise taxes. Unfortunately I don't see a way to avoid a little of both until we that can control spending. We cant do that until the people in office get there without being paid for by business and special interest. That's both republican and democrat.

    I'm not a catastrophist but am concerned about some possible economic ssues.

    * About 60% of our health care goes to geriatrics. As the baby boomers move into this group we will have to make some very difficult decisions. Expect geriatric healthcare to increase by double in about 10 years.

    * Big business like GM, Exxon and Monsanto ect. have been allowed to destroy many industries and need to be regulated by a government agency NOT run by their ex employees.

    * When the banks cried wolf and were handed a trillion dollars only to turn around and post huge profits the next quarter it angered congress. We already have seen several new regulations and should expect more unless the new congress has short term memory. e.g. interchange fees reduced, overdraw fees eliminated, on January 1 the new risk based lending letters ect ect.
    This will have an effect on the banking industry for years and will cause about 3000 small and medium banks to go away.

    I can go on but dont want to babble
    Interesting libertarian thought-wanting more government regulation

    interesting indeed



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