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Census finds record gap between rich and poor

SheWolf said:
Tax cuts don't create jobs... Demand in the economy creates jobs
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tax hikes are even less effective in creating jobs (except perhaps for government employees)
 
upsideguy said:
No, the rich get richer and the poor get poorer because we have created/allowed trade, regulatory, tax and consumer protection policies to favor the haves at the expense of the have nots
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nature favors the talented and the ambitious over the slow witted and the untalented. any society that favors the unproductive and the lazy over hard workers and the intelligent is doomed to fail
 
JakeFromWI said:
Wall Street is doing great because America is not hiring. Or America is not hiring so Wall Street will do great.

Corporate America's bottom line is that - the bottom line. How to increase profit margins for those who own the business. Sometimes that means cutting jobs. Big government what?

Factories close because of labor unions and taxes is the vibe I'm getting here. They cut jobs because of growing health care costs. Because of growing shipping costs and environmental regulations.

They all have one thing in common - they eat into the profit margin. American workers are expensive. How come no one can just admit they are greedy. It is nobody's fault but those responsible for hiring.

We had a lower unemployment rate in 1960 (5.5%) when the government controlled rail, truck and shipping routes. When it regulated the price of natural gas and stockbrokers' commissions. It regulated the interest rates that could be paid on checking accounts. It told most farmers how much they could grow of what commodity.
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I'm not sure why you think Wall Street is doing great. Stocks are still in the tank and the outlook is not exactly champagne & caviar.

Labor unions, taxes and regulations eat into the profit margin. In other words, they eat into the job market. That doesn't mean those responsible for hiring are greedy. Their job is to help make sure the company makes money, otherwise everybody will lose their job because the company will go out of business, unless, of course, you have friends in Washington who will bail you out when you run your business stupidly.

We also had a lower unemployment rate (4.6%) when Democrats took control of congress back in 2007.
U.S. Unemployment Rate at 4.6% in 2006
 
Whovian said:
wait.. I thought liberals thought the rich were always to blame... now it's the poor? :2razz:
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the dem rich have created a system that saps ambition from the poor

In the feudal period through the early industrial age- religion was the opiate of the masses. now its welfare and entitlements
 
TurtleDude said:
tax hikes are even less effective in creating jobs (except perhaps for government employees)
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Taxes do little to impact the number of employees... income tax cuts for businesses only impact retained earnings or dividend receipts, and payroll expenses are tax deductible. Tax cuts to sales taxes would do more to lower costs per unit of production than income tax cuts, therefore allowing workers to be paid more per unit of production.
 
TurtleDude said:
the dem rich have created a system that saps ambition from the poor

In the feudal period through the early industrial age- religion was the opiate of the masses. now its welfare and entitlements
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Nice communist quote..
 
SheWolf said:
Tax cuts don't create jobs... Demand in the economy creates jobs
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More cash flow and confidence in the private sector creates demand. That cash flow and confidence can't exist if people are worried about the government taking their money.
 
JakeFromWI said:
Wall Street is doing great because America is not hiring. Or America is not hiring so Wall Street will do great.

Corporate America's bottom line is that - the bottom line. How to increase profit margins for those who own the business. Sometimes that means cutting jobs. Big government what?

Factories close because of labor unions and taxes is the vibe I'm getting here. They cut jobs because of growing health care costs. Because of growing shipping costs and environmental regulations.

They all have one thing in common - they eat into the profit margin. American workers are expensive. How come no one can just admit they are greedy. It is nobody's fault but those responsible for hiring.

We had a lower unemployment rate in 1960 (5.5%) when the government controlled rail, truck and shipping routes. When it regulated the price of natural gas and stockbrokers' commissions. It regulated the interest rates that could be paid on checking accounts. It told most farmers how much they could grow of what commodity. It regulated what kind of political and religious comment could be expressed on the airwaves. And selective service was still not quite selective.

That sounds like big government.

Unemployment was 5.5%
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How do you explain Wall Street doing well a few years ago when unemployment was at 5%?

The government can't create jobs. I would think that people would have figured that out, by now.
 
apdst said:
How do you explain Wall Street doing well a few years ago when unemployment was at 5%?

The government can't create jobs. I would think that people would have figured that out, by now.
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So the 2 million people who work for the federal government don't count. As a matter of fact, let's cut thier jobs and flood the private sector that won't hire even more.
 
JakeFromWI said:
So the 2 million people who work for the federal government don't count. As a matter of fact, let's cut thier jobs and flood the private sector that won't hire even more.
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No, they do not count as the government creating jobs, because the money came from the private sector, in the form of taxes, to pay their salaries. Ultimately, those jobs wouldn't exist without private sector money, therefore the government can't create jobs, can't create wealth and can't fix the economy by taking more money out fo the private sector.
 
So when it leaves the private sector and enters the hands of the government workers. They don't spend that money is what your saying? They'd be better for the economy if they were unemployed? Simple logic dude.
 
Moot said:
More like John Birch
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John Birch was a missionary (Baptist) and US intelligence officer killed in China in 1945 by Chinese Communists. I doubt a Baptist Missionary would call religion an opiate of the masses. So as usual, your ignorance of history leads to a comment devoid of logic. The chance you have ever heard of William Blake or understood his philosophy is even smaller than you knowing who John Birch was
 
TurtleDude said:
John Birch was a missionary (Baptist) and US intelligence officer killed in China in 1945 by Chinese Communists. I doubt a Baptist Missionary would call religion an opiate of the masses. So as usual, your ignorance of history leads to a comment devoid of logic. The chance you have ever heard of William Blake or understood his philosophy is even smaller than you knowing who John Birch was
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Rich just got richer. They still won't hire. Obama is to blame. So John Birch is relevant in this thread. Because John Birch was hired by God as his servant, and God is rich. And since Obama is God, the quoted paragraph above is relevant. That's as close to topical as I can get since this thread has been slaughtered with bickering.
 
JakeFromWI said:
Rich just got richer. They still won't hire. Obama is to blame. So John Birch is relevant in this thread. Because John Birch was hired by God as his servant, and God is rich. And since Obama is God, the quoted paragraph above is relevant. That's as close to topical as I can get since this thread has been slaughtered with bickering.
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And, under the Obama/Reid/Pelosi agenda, the poor and the middle-class are getting poorer.
 
apdst said:
And, under the Obama/Reid/Pelosi agenda, the poor and the middle-class are getting poorer.
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What an unecessary prepositional phrase - "under the Obama/Reid/Pelosi agenda".... As if it hasn't been happening since well before the administration.
 
JakeFromWI said:
What an unecessary prepositional phrase - "under the Obama/Reid/Pelosi agenda".... As if it hasn't been happening since well before the administration.
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Yeah, when Obama was a senator in the Reid/Pelosi Congress, is when it started.

What with the millions of jobs that have been killed by the Democrats, you're going to have a hard time arguing that they are really looking out for the common folks.
 
JakeFromWI said:
Rich just got richer. They still won't hire. Obama is to blame. So John Birch is relevant in this thread. Because John Birch was hired by God as his servant, and God is rich. And since Obama is God, the quoted paragraph above is relevant. That's as close to topical as I can get since this thread has been slaughtered with bickering.
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what in god's name are you smoking. That is the strangest response I have seen in days.
 
apdst said:
Yeah, when Obama was a senator in the Reid/Pelosi Congress, is when it started.

What with the millions of jobs that have been killed by the Democrats, you're going to have a hard time arguing that they are really looking out for the common folks.
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keeping people poor and dependent to government is the dem plan for the masses
 
TurtleDude said:
keeping people poor and dependent to government is the dem plan for the masses
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How would that plan be even beneficial to them? Great assumption, but so vague and unsubstantiated. The government is trying to this and this and this and this, and I don't know why, but they want to!
 
apdst said:
Yeah, when Obama was a senator in the Reid/Pelosi Congress, is when it started.

What with the millions of jobs that have been killed by the Democrats, you're going to have a hard time arguing that they are really looking out for the common folks.
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The gap between the rich and the poor started broadening after 2006? I need to take a break!
 
JakeFromWI said:
How would that plan be even beneficial to them? Great assumption, but so vague and unsubstantiated. The government is trying to this and this and this and this, and I don't know why, but they want to!
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More poor people for the Poor Man's Party to look out for. There sure as hell isn't anything beneficial to the Democrats going to come from making more rich people. Soon as they became rich, they would realize that the Dems want to do nothing but take it all back from them and they would vote Republican.
 
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