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Thread: Rich-Poor gap widening

  1. #291
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    Re: Rich-Poor gap widening

    Quote Originally Posted by Catawba View Post
    Its actually closer to 30 years but you are exactly right, our debt problems began with the slashing of this countries progressive tax rates in 1981. It is clear that redistibution of wealth is hurting our economy.
    How is letting people who have earned their money, keep it in their own pocket, wealth redistribution?
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: Rich-Poor gap widening

    Quote Originally Posted by phattonez View Post
    Exactly the problem. It follows trends of groups, not individuals.
    No, it follows individuals as well, more fully than does the IRS



    With the benefits you get it's not bad at all.
    A family of 4 living on $22,000 is not bad at all? Then what do you have to complain about?


    If we didn't have to pay for them we would have more disposable income. This means more investing, more production, better quality of life.

    So all you care about is your personal accumulation of wealth and to hell with everyone else?



    7 out of 10 are "poor" because of the arbitrary definition of poor.
    You consider a family of 4 living on $22,000 about where the middle class should be then?


    That's very few people. The fact remains that census data is unreliable because the composition of the groups changes over time.
    Yes the middle class have been changing to poor over time, that is the point.



    First off, most of the wealth is in the middle class. This is true of any bell-shaped curve. Secondly, the old system was filled with many tax exemptions that really benefited the rich because they knew how to get them. Lastly, progressive taxation does not make anyone richer. Leaving more money in the hands of the rich means they can invest more which furnishes more jobs for those in the lower and middle classes. That raises their standard of living in a sustainable way.
    What are you calling the middle class. 70% of the country is poor. We've tried the trickle down theory for 30 years and it has only brought greated disparity between the rich and the poor. Why would you continue to go in the same direction?
    I choose neither. Charity can fill the void. Besides, this seems like it would be a rare scenario, depending again on how you define a living wage.
    Charity is not filling in the void, look around you man. There are too many today with the views you express. All they care about is satisfying their own personal greed.
    Last edited by Catawba; 03-03-11 at 03:25 PM.
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  3. #293
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    Re: Rich-Poor gap widening

    Quote Originally Posted by apdst View Post
    How is letting people who have earned their money, keep it in their own pocket, wealth redistribution?
    By taking taxes from the middle class to provide tax breaks for the uber wealthy.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

  4. #294
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    Re: Rich-Poor gap widening

    Quote Originally Posted by Erod View Post
    So poorly educated drug addicts don't accept job offers.

    OK, what now?
    What do you mean?

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: Rich-Poor gap widening

    Quote Originally Posted by phattonez View Post
    It's not limited ability since they're getting the job offers. And if it's drugs then that's still work ethic.
    Getting the offer doesn't mean they've proven ability yet. They could get in and see their limitations. But, you're missing the point. The point is we don't really know. And nothing provided has even asked.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: Rich-Poor gap widening

    Quote Originally Posted by Grant View Post
    You are referring to the Democrats as the "Party which does everything to make the rich richer and the poor poorer", right?
    This comment is Newspeak, and a crass insult to the intelligence of everyone with a three-digit IQ.

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    Re: Rich-Poor gap widening

    Quote Originally Posted by Troubadour View Post
    This comment is Newspeak, and a crass insult to the intelligence of everyone with a three-digit IQ.
    So you belive that BHO and his Party are making the poor richer, is that right?

  8. #298
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    Re: Rich-Poor gap widening

    Quote Originally Posted by Catawba View Post
    No, it follows individuals as well, more fully than does the IRS
    Show me census data that follow individuals.

    A family of 4 living on $22,000 is not bad at all? Then what do you have to complain about?
    You're the one complaining. It's not bad when you include all of the benefits they get.

    So all you care about is your personal accumulation of wealth and to hell with everyone else?
    More production benefits everyone, not just me.

    You consider a family of 4 living on $22,000 about where the middle class should be then?
    No, and it's not, as household income studies are flawed also. But $22,000 is a lot better than it sounds when you include all of the benefits that they're getting.

    Yes the middle class have been changing to poor over time, that is the point.
    Proof using data that follow individuals?

    What are you calling the middle class. 70% of the country is poor. We've tried the trickle down theory for 30 years and it has only brought greated disparity between the rich and the poor. Why would you continue to go in the same direction?
    Poor by an arbitrary definition! And a greater income disparity is a good thing. Should they lazy see rising income? No. Should the highest possible income grow with time? Absolutely yes! So I'm not worried about it. Most incomes are growing if you look at real data.

    Charity is not filling in the void, look around you man. There are too many today with the views you express. All they care about is satisfying their own personal greed.
    Proof that charity could not fill the void?

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

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    Re: Rich-Poor gap widening

    Quote Originally Posted by Boo Radley View Post
    Getting the offer doesn't mean they've proven ability yet. They could get in and see their limitations. But, you're missing the point. The point is we don't really know. And nothing provided has even asked.
    The point is that they turn away 70% of job offers. They could be working but choose not to, so why should I care if they have no incentive to work?

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

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    Re: Rich-Poor gap widening

    Quote Originally Posted by phattonez View Post
    The point is that they turn away 70% of job offers. They could be working but choose not to, so why should I care if they have no incentive to work?
    yes, and they have always been people, richa nd poor, talent and not so much, good looking and ugy, smart and not so smart who do very questionable things. But we can't leap to conclusions as to why. Many people work hard every single day. In fact, I'd say the overwhelming majority.

    We can even find stories of amazing people doing amazing things, extremely amazing. This two has always been the case. But both extremes are the minority and always have been.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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