View Poll Results: What should be done to battle income inequality in the USA?

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  • Do not intervene

    47 51.09%
  • Yes, do intervene

    45 48.91%
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Thread: Income Inequality

  1. #201
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    Re: Income Inequality

    Quote Originally Posted by Cephus View Post
    Nope, it's an accurate way of looking at things.
    We don't exist in a bubble. We're in a globalized economy wherein different labor pools operate under different rules, and different corporations operate under different tax structures. Add to that the gaming of currencies to affect import/export prices, and backroom supply deals conjured up between certain governments, and I think you'll agree that the picture is much bigger than simply saying the amount of money one makes is solely related to how smart/hard they work.

    There's more to it than that.

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    Re: Income Inequality

    Quote Originally Posted by Cephus View Post
    Nope, it's an accurate way of looking at things.
    Here's one example. Say you're a homebuilder. You're smart, you work hard. In the current market, you make a killing. Then one day, the FED decides to raise interest rates to 20% because it feels inflation is becoming a problem. All of the sudden, folks can't afford to get home loans, and your business tanks.

    You can be the best and brightest homebuilder in the world, your business is still going to suffer immensely.

  3. #203
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    Re: Income Inequality

    Quote Originally Posted by SheWolf View Post
    No, we don't agree. I am arguing there is always going to be poverty, because people are not equal. But I am also arguing that the people on the top are not worth what they have been paid. For example, the highest paid people in the world crashed the economy, and those CEOs and executives were the highest paid CEOs and executives in history at that time.

    I understand the concept of FMV, but actually putting a value on human labor and quality is more complicated than simply valuing it at it's FMV in the free market. It's not that simple.
    Most of the deregulation that allowed the 2008 financial crash was done under Clinton, keep that in mind. The liberals removed the safeguards that would have stopped that from happening because Clinton wanted his legacy to look good. The .com bomb was his too because he wanted to make it look like he was good with the economy. He wasn't. And it's your OPINION that the people at the top are making too much but apparently, the shareholders don't agree with you and it's their job, not yours, to make that determination. If you don't like it, by all means feel free to buy stock in any company that you think the CEO is making too much and cast your vote.

    And no, it isn't any more difficult than what it actually is. An employer and an employee agree what their labor is worth when the employee takes the job. If they don't like it, they are free at any time to quit their job and look elsewhere. There is a tacit agreement every single time that employee goes to work. They agree to exchange their labor for the rate agreed upon or they could just stay home. They are free to ask for a raise at any time they want and make their case to their employer. The employer can either agree or disagree. The employee can then decide to either stay at the job or leave and go somewhere else more lucrative.

    It honestly isn't rocket science. People tend to vastly over-estimate what they are actually worth. Just because you want to be worth more doesn't mean you actually are.
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  4. #204
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    Re: Income Inequality

    Quote Originally Posted by Cephus View Post
    You're making my argument for me. The people who are more deserving of better pay, the people who know more, who learn better, who are smarter and harder working, those are the people who get paid more! That's how it works! There isn't an income inequality, there's a QUALITY INEQUALITY! If these people were better at their jobs, they'd make more money!

    So I guess that's thread over, we both agree.
    No one is saying everyone should be paid the same. Their should be a certain level that you can't go below however. Of course some should make more and prosper, and some should make less and suffer. But everyone should start on a equal playing field.

    in the current society, some people get a get a great education, some people get a god awful education. Some people start way higher from the beginning, some start way lower. Through no "work" or fault of their own, simply through the crapshoot of birth. Why should they be punished? And why should morons be able to start so high and have such influence?

  5. #205
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    Re: Income Inequality

    Quote Originally Posted by Peter Grimm View Post
    Here's one example. Say you're a homebuilder. You're smart, you work hard. In the current market, you make a killing. Then one day, the FED decides to raise interest rates to 20% because it feels inflation is becoming a problem. All of the sudden, folks can't afford to get home loans, and your business tanks.

    You can be the best and brightest homebuilder in the world, your business is still going to suffer immensely.
    Welcome to reality. Greater than 90% of all new businesses fail in their first 5 years. You have a right to try, that's not a guarantee that you will succeed, there are always external factors, often entirely beyond your control, that will affect your ability to successfully do business. The best and the brightest and, let's be honest, the luckiest, will be the ones left standing at the end. Many entrepreneurs have tried to start businesses over and over and over again, only to have them all fail. If you don't try at all, you'll never succeed though, that's why they keep trying.
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  6. #206
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    Re: Income Inequality

    Quote Originally Posted by US Conservative View Post
    This is as insane as the idea that everyone should have equal income.
    You think it's a great idea to be able to buy influence in Washington. Really?
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    Re: Income Inequality

    Quote Originally Posted by ocean515 View Post
    Perhaps I'm out of touch, but I'm not familiar with laws that make spending of general membership dues on political causes illegal. I believe there are opt out provisions for non-members, but not what you are writing.

    I've been goggling with little success.
    I'm not sure how to google it and find the answer. I just remember that we had to have a separate donation for the political action committee, and that those donations were voluntary and were above the regular union dues.
    "Donald Trump is a phony, a fraud... [he's] playing the American public for suckers." Mitt Romney

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    Re: Income Inequality

    Quote Originally Posted by Cephus View Post
    Welcome to reality. Greater than 90% of all new businesses fail in their first 5 years. You have a right to try, that's not a guarantee that you will succeed, there are always external factors, often entirely beyond your control, that will affect your ability to successfully do business. The best and the brightest and, let's be honest, the luckiest, will be the ones left standing at the end. Many entrepreneurs have tried to start businesses over and over and over again, only to have them all fail. If you don't try at all, you'll never succeed though, that's why they keep trying.
    A lot of what you call "luck" boils down to policy, which we, the educated voting public, have a right and a duty to affect.

  9. #209
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    Re: Income Inequality

    Quote Originally Posted by b_dubz View Post
    No one is saying everyone should be paid the same. Their should be a certain level that you can't go below however. Of course some should make more and prosper, and some should make less and suffer. But everyone should start on a equal playing field.

    in the current society, some people get a get a great education, some people get a god awful education. Some people start way higher from the beginning, some start way lower. Through no "work" or fault of their own, simply through the crapshoot of birth. Why should they be punished? And why should morons be able to start so high and have such influence?
    Isn't that what the minimum wage is? It's a level you can't go below (and I think that ought to be for everyone, even if you get tips, but that's another subject). There really isn't a level playing field, all people are different as we've been talking about and that "level playing field" starts long before you ever get to employment age, it starts when you go to school and learn how to live on this planet. If you screw up there, coming back successfully is much more difficult. Again, it isn't the job of the government or the job of society to make sure that the person takes their education seriously, it's the job of the individual and their parents.

    And yeah, life is a crapshoot. Welcome to reality. Who ever told you life was fair?
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  10. #210
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    Re: Income Inequality

    Quote Originally Posted by Peter Grimm View Post
    A lot of what you call "luck" boils down to policy, which we, the educated voting public, have a right and a duty to affect.
    No, in your example, some homebuilders will go under and others will survive. All have to deal with the same policies. Some just do so more effectively and efficiently than others.
    There is nothing demonstrably true that religion can provide the world that cannot be achieved more rationally through entirely secular means.

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