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That is not true...! It wouldn't take decades, it would take but a few years, at most.. The old poor would have six new cars and a house full of gadgets. The old rich would work their butts off, sacrifice and soon be wealthy again...
Your exactly right! like the way you think. And yes it would not take decades. It would take but a few years at most for some.
Some do not know anything in the least about managing and investing money.
I can see the new cars and big screens for some, and the tech gadgets. While as you put it the old rich will work even harder, and sacrifice, and become more wealthy again.
Those whiners, need to get ouff their butt's and stop the damn whining cry babies who can put up with a bratty whiner cry baby.
Don't and never have respected a whiner, put your money where your mouth is, and start earning.
The top 1% paid a higher tax share percentage after the Bush tax cuts than at any time during the Clinton years when their marginal tax rates were higher. Raise their marginal rates again and watch their tax share decline. Laffer Curve.
That is because of the growing income/wealth disparity. When a few wealthy pay more total tax than the other 95% of Americans combined, you get a sense of the extreme imbalance of wealth. Too many Americans are paid such low wages, they are below any tax rate. Think about this once.
IMO, if all the wealth in America was redistributed equally among all the individuals, within a few decades the same people who are wealthy now would control the bulk of the wealth then.
Some people know how to make money and accumulate wealth,...others just are destined to be whiners.....
You mean we would have to bail out the investment bankers again?
Just take it, the money belongs to the goverment anyway.
Yeah,
It does belong to the government. If 'the rich' who hold themselves out to be 'capitalists' were really in favor of the free market then they would advocate a private banking industry. Fortunately for them, they have those who are in power paid off so a government run banking system works out great for them.
The government prints the money, borrows additional money, sets the laws regarding how money is used, does not allow the fiat money it creates to be linked to anything of objective value like gold, is in charge of the IRS which basically controls money and wealth through a complex tax code, same government controls interest rates on numerous types of loans which is a direct form of controlling money, etc, etc.
So yeah, the money does belong to the government. And will continue to belond to the government as long as the Federal Reserve system is in place and people are too afraid of a private banking system.
Taxpayers in the US belond to the government as well. Just look at the federal tax code as well as the fact that when the government 'borrows' money from the Federal Reserve: the collateral that is used is the total amount of individual taxpayers in the country, which are defined as assets that will owe future taxes on their wealth and labor which gives the government the ability to 'pay' back the loans, and pay the loans back with interest. Although the interest payments can never fully be repaid back, since the amount of additional money that would need to be created to pay everything back in order to exist would result in hyper-inflation and a devaluing of existing money and wealth.
The end result is exactly what those in control want. Debt slavery and financial indentured servitude.
That is because of the growing income/wealth disparity.
Not much growth, there was less than a 3 percentage point increase in the top 1%'s income share from the Clinton years to the Bush years, and that share is declining.
Not much growth, there was less than a 3 percentage point increase in the top 1%'s income share from the Clinton years to the Bush years, and that share is declining.
I say tax the wealthy (job creators) at a higher rate. Then give these so called job creators a tax deduction for every job they create. Simple as that. These wealthy people have been squirreling their tax savings away since it was given to them.
Sure Obama had a program in place just like that. The company I work for hired a bunch of people in order to reap tax credits. But according to the union contract, the company can designate a certain percentage of the work force as "part time." Most of them were working 2-3 days per week for over a year.
You can come up with rules like this, but there are always loopholes and ways to game it. At least it does create more paperwork and make companies less effiecient. More jobs for paper pushers, but don't think that is ultimately a good thing.
Americans are aware of this as evidence by the Romney defeat. We have to now hold our officials accountable. If they don't make moves to correct the things in that article send them packing. That goes for Democrats too.
Sorry but the class warfare baloney was just election pandering and they won't really do anything.
You don't remember all the anti-war talk back in 2008? How did that work out?
P.S. Obama was the largest recipient of Goldman Sachs cash....you had a choice this election between basically the same two guys. Enjoy!
That is because of the growing income/wealth disparity. When a few wealthy pay more total tax than the other 95% of Americans combined, you get a sense of the extreme imbalance of wealth. Too many Americans are paid such low wages, they are below any tax rate. Think about this once.
I agree.
However, the pivotal piece of legislation leading to offshoring was NAFTA and I can't get people like you to even admit you've heard of it. You no doubt cheered when it's signers appeared at the DNC this year.
Hard to effect change when people give a free pass based upon the (D) or (R) at the end of their name.
Kennedy, Kerry, Clinton, Biden.....ever heard of those guys? All supporters and signers of NAFTA.
That is because of the growing income/wealth disparity. When a few wealthy pay more total tax than the other 95% of Americans combined, you get a sense of the extreme imbalance of wealth. Too many Americans are paid such low wages, they are below any tax rate. Think about this once.
With 40% or better of dollars flowing thru gov't hands, it is the relatively small group of folks who understand how to use big gov't to their advantage who prosper. By far the richest counties in the US are now all centered around Washington DC. DC metro area is super-rich: 7 of the 10 ten counties are in the DC suburbs.
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who can put up with a bratty whiner cry baby.
