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Income Inequality

What should be done to battle income inequality in the USA?

  • Do not intervene

    Votes: 39 53.4%
  • Yes, do intervene

    Votes: 34 46.6%

  • Total voters
    73
i say a flat 25% tax on anything over 50 million......

That's insanity. So you would allow the rich to pass on massive domes of money while everyone else picks up scraps?

I say you can only pass on property, not money. Especially over 1-5mill or so.
 
1) The cause is from love of materialism and unfettered corporate access to political influence. Also a lack of foresight as seeing employees as the most valuable assets.

2) Long term trend will be a continuing separation of social classes and shrinking middle, until the rich can't isolate themselves from the effects of the weakened masses and start to feed off each other.

3) Solution. Pray. Or identify the problems and make efforts to slowly trend away from them.
 
Our interventions have been the problem, the last thing we need to do is make matters worse doing more. The "War on Poverty" has been a failure with so much cost to show for that failure, and between ole (D) and (R) they have done enough damage with trade policy, outdated immigration policy, economic policy, fiscal policy and Fed monetary policy.
 
Here's a map of the world with the nations scaled according to wealth rather than actual geographic size. Food for thought:

world_by_wealth.0.png
 
Grandfather sure father not so much... Anyone can inherit, run, and grow a successful buisness. It does not take above average intelligence. I would say she is a moron, her father is average, and her GPA was very smart.

No, her father still owns a successful real estate company that he started in 1984. He did not inherit from his father. Paris is a moron though, I will agree.
 
That's insanity. So you would allow the rich to pass on massive domes of money while everyone else picks up scraps?

I say you can only pass on property, not money. Especially over 1-5mill or so.

What has anyone else done to EARN those scraps? Why do you think that anyone else ought to benefit from the hard work of others?
 
what is unequal about chapter c corporations?

and you want to force all companies into what?

c corps
llc's
s corps
partnerships

what exactly is your idea here

Limited liability, for starters. Tax them all equally, that's another good step. Repeal citizens united...corporations aren't people. And if they are, then put a few to death for heinous crimes committed.

That would just be the opening salvo towards leveling the playing field for business in this country.
 
Since govt employees are REQUIRED to join these public sector unions, and since the money they forcibly take are spent supporting dems, even against the wishes of the employee-thats not good enough.

Actually, at least here in the admittedly left wing state of California, employees are not required to join the union, and the union is prohibited from using membership dues to support political causes.

I'm not sure how it is in other states.
 
Actually, at least here in the admittedly left wing state of California, employees are not required to join the union, and the union is prohibited from using membership dues to support political causes.

I'm not sure how it is in other states.

In CT, most unions operate as "closed shop", meaning, you want the job, you join the union. And then thatunion uses dues to fund campaigns of union exec choice. And those union executives? They don't work, other than to be union executives, and they live in multi million dollar houses in Greenwich, a nice posh little town in CT where wealthy people from all over the country go to escape the peasants.


Unions are a for profit business, nothing more, nothing less. Which I have no problem with.

My problem is with the backing they get from the state and federal government.
 
What has anyone else done to EARN those scraps? Why do you think that anyone else ought to benefit from the hard work of others?
I think its reprehensible to allow people to starve. I also think they deserve the same opportunities as these ppl had. And furthermore the majority of amazingly wealthy people (see Paris Hilton or her father) did NOTHING to earn their wealth. They were just lucky.

Basically I think they deserve the opportunity to work, at a fair and equal pay, and that it has never been afforded to them in our country's history.
 
China and India would be much smaller if they hadn't adopted free marked principles fairly recently.
Duhhhhh china and India would both be part of Asia, (one of the places i said looked anorexic) and have extremely large socioeconomic gaps... Free market ain't gonna help that! It will in fact just make the gaps widen... That's why America's fat as heck n ppl still starve in the street...
 
In CT, most unions operate as "closed shop", meaning, you want the job, you join the union. And then thatunion uses dues to fund campaigns of union exec choice. And those union executives? They don't work, other than to be union executives, and they live in multi million dollar houses in Greenwich, a nice posh little town in CT where wealthy people from all over the country go to escape the peasants.


Unions are a for profit business, nothing more, nothing less. Which I have no problem with.

My problem is with the backing they get from the state and federal government.

Sounds like CT needs some basic reforms.
 
That's insanity. So you would allow the rich to pass on massive domes of money while everyone else picks up scraps?

I say you can only pass on property, not money. Especially over 1-5mill or so.


first thing

inheritance taxes are double taxation

that money was already taxes once....at some point

secondly.....businesses value can easily exceed five million...with little or no cash

so it passes on to a son or daughter who have to go deeply into debt to keep it? no thanks

at the 50 million mark, its enough.....

and 25% is EXTRA money for the government to waste as it sees fit

so no...i dont think it's insanity

i think it's rather fair to all myself
 
Actually, at least here in the admittedly left wing state of California, employees are not required to join the union, and the union is prohibited from using membership dues to support political causes.

I'm not sure how it is in other states.

They still have their money taken and used for left wing causes, and in the case of county and city govt (notably city workers and school district employees) it is indeed true.

Big govt supports big govt. Power looks out for itself.
 
Unions are a really mixed bag... Before osha (which should stick to work place safety IMO and get its nose out of code) they were totally necessary IMO... In the current situation some unions are very necessary still (teachers union) and some are downright evil and try to monopolize their sector or rig the system in their favour. (construction unions, fraternal order of police)

I live in philly, and the construction unions and the mob are one and the same. I was painting a widow in south philly before (at a house my boss owned) and the sash painters union rolled up in trucks and threatened to shake me off he latter. I was painting a third floor window! I explained they had know right as I was not a contractor and working for a flipper. I also had a few courts of paint and some tools and told them if they got close to the ladder I would start throwing stuff. They backed off.

So like a said, mixed bag.
 
first thing

inheritance taxes are double taxation

that money was already taxes once....at some point

secondly.....businesses value can easily exceed five million...with little or no cash

so it passes on to a son or daughter who have to go deeply into debt to keep it? no thanks

at the 50 million mark, its enough.....

and 25% is EXTRA money for the government to waste as it sees fit

so no...i dont think it's insanity

i think it's rather fair to all myself

It's not about fairness, it's about what's best for our economy. Wealth pools. The distribution of wealth is zero sum. By those two factors alone, the short sightedness of a few can quite literally destroy our entire economy, without oversight, and means to put things into balance.
 
Duhhhhh china and India would both be part of Asia, (one of the places i said looked anorexic) and have extremely large socioeconomic gaps... Free market ain't gonna help that! It will in fact just make the gaps widen... That's why America's fat as heck n ppl still starve in the street...

You are uninformed. The recent (last 25 years) gains in both China and India were from dumping marxist fail and utilizing free market principles. Indeed China is doing well because its done just that.
 
Sounds like CT needs some basic reforms.

Not really. We simply need to remove the laws that protect unions and their members from employers. The only power a union should have is the collective bargaining.
 
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