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. #401
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    Re: Income Inequality

    Quote Originally Posted by KevinKohler View Post
    He already told you he doesn't have one, he's just pointing out that we DO, in fact, have a problem.



    Something you seem wholly incapable of understanding or admitting.
    if there is no solution, there is no reason to whine

    and most of the alternatives are worse

    I always am amused by those who apparently have failed personal economics 101, yet they are the ones most willing to claim other people "Don't understand"

    here is a fact

    investments make money-if they didn't, this country would fall apart

    I make a lot more than I spend. even with confiscatory tax rates of near 50% I still have a few Hundred K left over every year. and I invest that carefully. Meaning each year, I am wealthier than I was the year before

    people who spent more than they bring in don't get richer
    Quote Originally Posted by jet57 View Post
    Yeah; a shotgun IS a rifle; it uses a different load.

  2. #402
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    Re: Income Inequality

    Quote Originally Posted by KevinKohler View Post
    Uh, yeah.....who wrote NAFTA, again?
    Who signed NAFTA into law ?

  3. #403
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    Re: Income Inequality

    U
    Quote Originally Posted by Peter Grimm View Post
    Define what you mean by "natural economic activity."

    I would submit to you that throughout human history, several economic models have been applied to various civilizations and, in fact, even our American brand of capitalism continues to evolve with each generation.

    Rather than be passively prescribed to my fate, I choose to understand the system we live in and to seek ways to continually improve it.
    The current system suits me just fine. It has evolved and will continue to do so. I'd like to see some tax breaks eliminated in exchange for generally lower rates (both corporate and individual), and I don't think US firms should pay US taxes on profits earned abroad, but otherwise I don't care. I'd favor a national income floor but only in exchange for thorough tax reform and complete social welfare overhaul.
    Last edited by Jack Hays; 09-26-14 at 10:06 PM.
    "It's always reassuring to find you've made the right enemies." -- William J. Donovan

  4. #404
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    Re: Income Inequality

    Quote Originally Posted by TurtleDude View Post
    if there is no solution, there is no reason to whine

    and most of the alternatives are worse

    I always am amused by those who apparently have failed personal economics 101, yet they are the ones most willing to claim other people "Don't understand"

    here is a fact

    investments make money-if they didn't, this country would fall apart

    I make a lot more than I spend. even with confiscatory tax rates of near 50% I still have a few Hundred K left over every year. and I invest that carefully. Meaning each year, I am wealthier than I was the year before

    people who spent more than they bring in don't get richer

    But if everyone saved up, didn't borrow, and only spent within their means, the value of your investments would plummet.

    I'm in the same boat as you, by the way.

  5. #405
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    Re: Income Inequality

    Quote Originally Posted by Jack Hays View Post
    The current system suits me just fine. It has evolved and will continue to do so. I'd like to see some tax breaks eliminated in exchange for generally lower rates (both corporate and individual), and I don't think US firms should pay US taxes on profits earned abroad, but otherwise I don't care.
    Macroeconomics isn't your thing, huh?

  6. #406
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    Re: Income Inequality

    Quote Originally Posted by KevinKohler View Post
    The concept of unions are fine. It's the state meddling and backing of said union that's the problem.
    All unions do is further the idea that the interests of the employer and the interests of the employee are different and that the two parties should be pitted against each other. What should actually happen is the promotion of the idea that employers and employees interests are interconnected and it is to the interest of both parties to ensure each others well being.

    I do however agree that state meddling in union affairs is a problem. Empowering one party to weaken the other will only ensure tension and imbalance.

  7. #407
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    Re: Income Inequality

    Quote Originally Posted by TurtleDude View Post
    if there is no solution, there is no reason to whine

    and most of the alternatives are worse

    I always am amused by those who apparently have failed personal economics 101, yet they are the ones most willing to claim other people "Don't understand"

    here is a fact

    investments make money-if they didn't, this country would fall apart

    I make a lot more than I spend. even with confiscatory tax rates of near 50% I still have a few Hundred K left over every year. and I invest that carefully. Meaning each year, I am wealthier than I was the year before

    people who spent more than they bring in don't get richer
    I don't even make 100K a year TO invest. So how am I going to get some of that delicious pie? Not that I want it. I am relatively happy. All I want is for my experience to continue to be an option for others, and for that to happen, we have to have a healthy economy. Ours is heading towards unhealthy, and at an extremely rapid pace. Exactly because of what you have cited. Wealth creates wealth. More is made in this country by speculation, than by actual production of goods, which is why the wealthy (those who have the capital to do the speculating) are getting richer at the exponential rate that they are. Well, that, and they control our government.
    Quote Originally Posted by calamity View Post
    Reports indicate that everyone knew he was hauling a bunch of guns up there. But, since you brought it up, there's something which should be illegal: guns that breakdown.

  8. #408
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    Re: Income Inequality

    Quote Originally Posted by Lakeside View Post
    Who signed NAFTA into law ?
    Bush number one, in 1993. Clinton merely finished the process.
    Quote Originally Posted by calamity View Post
    Reports indicate that everyone knew he was hauling a bunch of guns up there. But, since you brought it up, there's something which should be illegal: guns that breakdown.

  9. #409
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    Re: Income Inequality

    Quote Originally Posted by KevinKohler View Post
    I don't even make 100K a year TO invest. So how am I going to get some of that delicious pie? Not that I want it. I am relatively happy. All I want is for my experience to continue to be an option for others, and for that to happen, we have to have a healthy economy. Ours is heading towards unhealthy, and at an extremely rapid pace. Exactly because of what you have cited. Wealth creates wealth. More is made in this country by speculation, than by actual production of goods, which is why the wealthy (those who have the capital to do the speculating) are getting richer at the exponential rate that they are. Well, that, and they control our government.
    how do you stop wealth creating wealth?
    Quote Originally Posted by jet57 View Post
    Yeah; a shotgun IS a rifle; it uses a different load.

  10. #410
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    Re: Income Inequality

    Quote Originally Posted by KevinKohler View Post
    Bush number one, in 1993. Clinton merely finished the process.

    It was and remains a great achievement.
    "It's always reassuring to find you've made the right enemies." -- William J. Donovan

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