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

Voters
310. You may not vote on this poll
  • 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%
Page 8 of 11 FirstFirst ... 678910 ... LastLast
Results 71 to 80 of 108

Thread: So How Much Income Inequality is TOO Much Income Inequality?

  1. #71
    Sage
    cpwill's Avatar
    Join Date
    Dec 2009
    Location
    USofA
    Last Seen
    Today @ 11:40 AM
    Gender
    Lean
    Conservative
    Posts
    57,148

    Re: So How Much Income Inequality is TOO Much Income Inequality?

    Quote Originally Posted by iguanaman View Post
    What does it mean when the highest earners are taking a larger and larger piece of the pie then?
    Generally, that the pie has grown.

    You are deluding yourself.
    No, you are merely demonstrating either an unwillingness or inability to understand the difference between "relative" and "actual". If the economy consists of you and me and I make $10 and you make $90, and then I get a raise to $15 and you get a raise to $150, your relative "share of the pie" has gone up even as my actual pie has increased as well. A high income person earning a dollar is more likely to benefit me than it is to harm me - unless he literally stole it, the odds are he earned that dollar in mutually beneficial trade, possibly with myself.

  2. #72
    Sage

    Join Date
    Dec 2011
    Location
    Florida
    Last Seen
    Today @ 04:59 AM
    Gender
    Lean
    Liberal
    Posts
    23,387

    Re: So How Much Income Inequality is TOO Much Income Inequality?

    Quote Originally Posted by cpwill View Post
    Generally, that the pie has grown.



    No, you are merely demonstrating either an unwillingness or inability to understand the difference between "relative" and "actual". If the economy consists of you and me and I make $10 and you make $90, and then I get a raise to $15 and you get a raise to $150, your relative "share of the pie" has gone up even as my actual pie has increased as well. A high income person earning a dollar is more likely to benefit me than it is to harm me - unless he literally stole it, the odds are he earned that dollar in mutually beneficial trade, possibly with myself.
    You are deluded. What is happening goes like this. 5 people are sharing a business that makes $100, they each get $2. Then one of them says "It was my idea, I should get more so the other 4 give him a dollar so he gets five and they get one. The business grows and soon is making $1000, the problem is 4 are STILL getting $1 and the "ideaman" is getting $996! That's our economic problem in a nutshell.

  3. #73
    Sage
    cpwill's Avatar
    Join Date
    Dec 2009
    Location
    USofA
    Last Seen
    Today @ 11:40 AM
    Gender
    Lean
    Conservative
    Posts
    57,148

    Re: So How Much Income Inequality is TOO Much Income Inequality?

    Quote Originally Posted by iguanaman View Post
    The problem is everywhere. We are just the richest so the numbers are higher. Even you can admit that the trend is unsustainable.
    1. I think that there are some interesting arguments as to why we are headed into a readjustment period where that relative mixture will get reshaken, but
    2. If we aren't, then why is it "unsustainable"? Why shouldn't we continue to get richer?

    The less progressive taxes have gotten the worse the inequality gets, that is abundantly clear.
    Actually it isn't. Inequality is greatest within the US v the rest of the OECD, for example, yet the US has the MOST (not the least) progressive tax system in the OECD. Within the United States, inequality is actually highest in Progressive states such as New York, Massachusetts, and California, and lower in more Conservative states, such Wyoming, Alaska, New Hampshire, and Utah. It turns out that when you increase the portion of wealth that is distributed by government, you mostly enable continued wealth-accumulation to the kind of people who have the resources to purchase themselves some compliant government, and when you turn a safety net into a hammock, you mostly enable people to hang out in it.

  4. #74
    Sage
    cpwill's Avatar
    Join Date
    Dec 2009
    Location
    USofA
    Last Seen
    Today @ 11:40 AM
    Gender
    Lean
    Conservative
    Posts
    57,148

    Re: So How Much Income Inequality is TOO Much Income Inequality?

    Quote Originally Posted by iguanaman View Post
    You are deluded. What is happening goes like this. 5 people are sharing a business that makes $100, they each get $2. Then one of them says "It was my idea, I should get more so the other 4 give him a dollar so he gets five and they get one. The business grows and soon is making $1000, the problem is 4 are STILL getting $1 and the "ideaman" is getting $996! That's our economic problem in a nutshell.
    your evidence that wages have been cut in half for median households?

  5. #75
    Sage
    cpwill's Avatar
    Join Date
    Dec 2009
    Location
    USofA
    Last Seen
    Today @ 11:40 AM
    Gender
    Lean
    Conservative
    Posts
    57,148

    Re: So How Much Income Inequality is TOO Much Income Inequality?

    Quote Originally Posted by DifferentDrummr View Post
    If you kept up with the news, you would know that China and India are cooperating.



    Thanks :wipes tear: It's been a long day, and that was good. ohweee....

  6. #76
    Sage

    Join Date
    Dec 2011
    Location
    Florida
    Last Seen
    Today @ 04:59 AM
    Gender
    Lean
    Liberal
    Posts
    23,387

    Re: So How Much Income Inequality is TOO Much Income Inequality?

    Quote Originally Posted by cpwill View Post
    1. I think that there are some interesting arguments as to why we are headed into a readjustment period where that relative mixture will get reshaken, but
    2. If we aren't, then why is it "unsustainable"? Why shouldn't we continue to get richer?



    Actually it isn't. Inequality is greatest within the US v the rest of the OECD, for example, yet the US has the MOST (not the least) progressive tax system in the OECD. Within the United States, inequality is actually highest in Progressive states such as New York, Massachusetts, and California, and lower in more Conservative states, such Wyoming, Alaska, New Hampshire, and Utah. It turns out that when you increase the portion of wealth that is distributed by government, you mostly enable continued wealth-accumulation to the kind of people who have the resources to purchase themselves some compliant government, and when you turn a safety net into a hammock, you mostly enable people to hang out in it.
    You are just proving my point. Since we radically reduced the progressiveness of our income taxes in 1980, Income inequality has grown to be the worst in the world although not by much. Besides the low rates for the upper brackets, we have riddled our tax code with perks that only the rich can take advantage of. All because of the Reaganomics lie that making the wealthy even richer would lead them to trickle on us. It's time to take back the perks and put capital gains back where Reagan wanted them and use the money to give breaks to the middle class instead.
    Last edited by iguanaman; 01-20-15 at 09:35 PM.

  7. #77
    Sage
    cpwill's Avatar
    Join Date
    Dec 2009
    Location
    USofA
    Last Seen
    Today @ 11:40 AM
    Gender
    Lean
    Conservative
    Posts
    57,148

    Re: So How Much Income Inequality is TOO Much Income Inequality?

    Quote Originally Posted by iguanaman View Post
    You are just proving my point. Since we radically reduced the progressiveness of our income taxes in 1980, Income inequality has grown to be the worst in the world although not by much.
    What part of "the countries and states with the most progressive tax structures are the ones with the greatest inequality" escaped you, iguana?

  8. #78
    Sage
    cpwill's Avatar
    Join Date
    Dec 2009
    Location
    USofA
    Last Seen
    Today @ 11:40 AM
    Gender
    Lean
    Conservative
    Posts
    57,148

    Re: So How Much Income Inequality is TOO Much Income Inequality?

    Quote Originally Posted by DifferentDrummr View Post
    You shouldn't care that much about what the highest-income EARNERS are making. You SHOULD care about the passive income that people make from their investments. Too often it simply gets socked away again rather than being pumped back into the economy.
    You're darn right I care. I am one of those people making money off my investments. (for which I have been duly punished) It's how I plan to send my kids to college and it's how I plan to retire. I hope those people make as much money as they possibly can off of their investments. I hope the US stock market just zooms ridiculously upwards for the next 50 years, and makes absolute gads of money for people making money from savings and investments. I hope it is so publicly profitable that we finally get the vast majority of Americans saving and investing for their retirement and kids education.
    Last edited by cpwill; 01-20-15 at 09:45 PM.

  9. #79
    Why so un**great?
    DifferentDrummr's Avatar
    Join Date
    Jul 2014
    Location
    Facepalm Beach
    Last Seen
    06-04-17 @ 04:57 PM
    Gender
    Lean
    Independent
    Posts
    5,818
    Blog Entries
    3

    Re: So How Much Income Inequality is TOO Much Income Inequality?

    Quote Originally Posted by cpwill View Post



    Thanks :wipes tear: It's been a long day, and that was good. ohweee....
    Glad you agree.
    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.

  10. #80
    Why so un**great?
    DifferentDrummr's Avatar
    Join Date
    Jul 2014
    Location
    Facepalm Beach
    Last Seen
    06-04-17 @ 04:57 PM
    Gender
    Lean
    Independent
    Posts
    5,818
    Blog Entries
    3

    Re: So How Much Income Inequality is TOO Much Income Inequality?

    Quote Originally Posted by cpwill View Post
    You're darn right I care. I am one of those people making money off my investments. (for which I have been duly punished) It's how I plan to send my kids to college and it's how I plan to retire. I hope those people make as much money as they possibly can off of their investments. I hope the US stock market just zooms ridiculously upwards for the next 50 years, and makes absolute gads of money for people making money from savings and investments. I hope it is so publicly profitable that we finally get the vast majority of Americans saving and investing for their retirement and kids education.
    That'd be nice, but it won't happen.
    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.

Page 8 of 11 FirstFirst ... 678910 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •