View Poll Results: How much income inequality is TOO much income inequality?

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  • I am left-leaning, and there is too much income inequality right now.

    126 40.65%
  • I am left-leaning, and the current level is acceptable, but should not be higher

    1 0.32%
  • I am left-leaning, and I don't think there should be a limit on the level of income inequality.

    2 0.65%
  • I am a centrist, and there is too much income inequality right now.

    93 30.00%
  • I am a centrist, and the current level is acceptable, but should not be higher

    5 1.61%
  • I am a centrist, and I don't think there should be a limit on the level of income inequality.

    2 0.65%
  • I am right-leaning, and there is too much income inequality right now.

    66 21.29%
  • I am right-leaning, and the current level is acceptable, but should not be higher

    9 2.90%
  • I am right-leaning, and I don't think there should be a limit on the level of income inequality.

    6 1.94%
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Thread: So How Much Income Inequality is TOO Much Income Inequality?

  1. #61
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    Hatuey's Avatar
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    Re: So How Much Income Inequality is TOO Much Income Inequality?

    Quote Originally Posted by TurtleDude View Post
    its funny watching some lefties thinking that all the rich are pro freedom-less government. Many rich liberals require a big government to stay rich
    That has absolutely nothing to do with what I said. I stated that the rich rarely ever win against the working class. Specially if they openly wage war on them.
    I refuse to accept the view that mankind is so tragically bound to the starless midnight of racism and war that the bright daybreak of peace and brotherhood can never become a reality. - MLK

  2. #62
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    Re: So How Much Income Inequality is TOO Much Income Inequality?

    Quote Originally Posted by Hard Truth View Post
    There are many proposals for addressing global warning, the problem is that the people who benefit from the status quo and those who love them don't like them and often wrongly complain that they won't work and/or sabotage them. They include banning the use of coal, alternative fuel autos, increased use of solar and wind power, reduced use of resources, more recycling, reduced manufacturing of disposible items, and more sharing of items and less materialism. They do require change and some sacrifice.
    Those steps may reduce emissions, but will not reverse global warming. To actually do something about AGW requires massive and draconian measures that no one proposes or will ever accept. So it is a lot of hot air about, well, hot air.

    Proposals for addressing income disparity include tax reform to eliminate loopholes and deductions that aren't beneficial to society, higher inheritance taxes, regulations to prevent dodging taxes by offshoring money, taxes on stock trades etc., infrastructure building jobs programs, incentives to encourage domestic investment and more.
    Again, I doubt these will have any significant impact on anything. Massive taxation only empowers and enriches the state. The super rich will always be super rich, thus skewing the wealth balance well in their favor. Unless you just plan to confiscate a large portion of the wealth of people like Gates and Buffett the Waltons and Zuckerberg et al. You will have zero impact on wealth disparity.

  3. #63
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    Re: So How Much Income Inequality is TOO Much Income Inequality?

    Quote Originally Posted by Fletch View Post
    Those steps may reduce emissions, but will not reverse global warming. To actually do something about AGW requires massive and draconian measures that no one proposes or will ever accept. So it is a lot of hot air about, well, hot air.
    False dichotomy. The only thing anyone's seriously suggesting now is minimizing AGW, not reversing it. Much can be done before we get to "draconion" steps.

    Again, I doubt these will have any significant impact on anything. Massive taxation only empowers and enriches the state.
    Nonsense: there was a 90% top tax rate in the Eisenhower years, when the state was far from all-powerful.
    I fight against the ignorant, irresponsible, and/or closed-minded.
    This group is the worst enemy of America and its freedoms. It includes, but is not limited to, all Trump supporters.

  4. #64
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    Re: So How Much Income Inequality is TOO Much Income Inequality?

    Quote Originally Posted by DifferentDrummr View Post
    False dichotomy. The only thing anyone's seriously suggesting now is minimizing AGW, not reversing it. Much can be done before we get to "draconion" steps.
    Without China and India and the rest of the non-industrialized world, nothing can be done to even slow it let alone reverse it.


    Nonsense: there was a 90% top tax rate in the Eisenhower years, when the state was far from all-powerful.
    LOL Things have changed since Eisenhower. A lot. There is virtually no comparison between the size, scope and power of the Federal government between then and now.

  5. #65
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    Re: So How Much Income Inequality is TOO Much Income Inequality?

    Quote Originally Posted by Fletch View Post
    Without China and India and the rest of the non-industrialized world, nothing can be done to even slow it let alone reverse it.


    LOL Things have changed since Eisenhower. A lot. There is virtually no comparison between the size, scope and power of the Federal government between then and now.
    But the purpose of government has not changed since Eisenhower's time.
    "If you can't stand the way this place is, Take yourself to higher places!"
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  6. #66
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    Re: So How Much Income Inequality is TOO Much Income Inequality?

    Quote Originally Posted by Fletch View Post
    Without China and India and the rest of the non-industrialized world, nothing can be done to even slow it let alone reverse it.
    If you kept up with the news, you would know that China and India are cooperating.
    I fight against the ignorant, irresponsible, and/or closed-minded.
    This group is the worst enemy of America and its freedoms. It includes, but is not limited to, all Trump supporters.

  7. #67
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    Re: So How Much Income Inequality is TOO Much Income Inequality?

    Wow, the right wingers, left wingers, and centrists all agree income inequality in this country is out of control. 2015, here we come!
    "We have more responsibility than power, I think. The newspaper can create great controversies, stir up arguments within the community or discussion, can throw light on injustices....just as it can do the opposite. It can hide things and be a great power for evil." -- Rupert Murdoch, 1968

  8. #68
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    Re: So How Much Income Inequality is TOO Much Income Inequality?

    Quote Originally Posted by cpwill View Post
    Given that the U.S. has the most progressive income tax structure IN the OECD, and given that income inequality is highest within the United States in states that are high-progressive income tax states, you may want to reconsider that argument .

    The reality is that we have a de facto flat tax, with most people paying 25-30%. Flat taxes are generally regressive, in terms of how they tax essential income.

    So How Much Income Inequality is TOO Much Income Inequality?-taxes-paid-income-group-gif




    Calling the US tax system the most progressive in the OECD is a position that caught me by surprise in its uniqueness. It's almost quaint. I would love to see the argument better developed and supported.

  9. #69
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    Re: So How Much Income Inequality is TOO Much Income Inequality?

    Quote Originally Posted by TurtleDude View Post
    its funny watching some lefties thinking that all the rich are pro freedom-less government. Many rich liberals require a big government to stay rich
    ....as do most government contractors, especially members of the M-I-C, which, I believe its safe to say, predominantly hang right.

  10. #70
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    Re: So How Much Income Inequality is TOO Much Income Inequality?

    Quote Originally Posted by Glen Contrarian View Post
    The news came out today that OXFAM found that by 2016, the richest 1% will control half of all the world's wealth.

    That begs the question, then - what level of income inequality do you believe should be the upper limit, if there should be any limit at all? And if there should be a limit, how would that be achieved, since this is obviously something that can't be mandated by governments?
    Well, I read Joseph Stiglitz's book The Price of Inequality and never saw where he answered that question. As Obama has stated, at some point you have enough money. And I am not buying the dismal proposition that we need many people keep buying stuff that they don't need simply to keep the economy going. We need capital for investments, R&D, development, etc. which comes from, frankly, people with excess money. We don't need more consumption, more energy consumed in the pursuit of more stuff and more adventure. We need capital.
    We should be above monkeys who are perfectly happy with a slice of cucumber until they see someone else getting a grape for the same thing. And then, out of anger and frustration, they throw the cucumber slices away. I suppose if they start getting a grape, they will be happy until another monkey gets a pineapple or something. A the cycle repeats. I realize that homo sapiens are simply another species but I like to think that there is some rational cognitive ability there.

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