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Income Inequality (snicker) is a matter of personal choice.
Netflix or buy stocks/bonds/Certificates of Deposit.....
Netflix or buy stocks/bonds/Certificates of Deposit.....
Netflix or buy stocks/bonds/Certificates of Deposit.....
People who can think for themselves immediately recognize propaganda, especially when Orwellian phrases like Weapons of Mass Destruction, Wealth Inequality and Income Inequality are used.
Earnings are one's wages/salary.
Income certainly includes Earnings, but the definition of Income is the total of all Earnings, plus monies derived from Assets.
Wealth is the sum total of Income --- Earnings and other monies --- plus Assets.
So, the Stupid Class has a choice:
1] the Stupid Class can purchase a McMansion with 0% down-payment and get buried using their house as a credit card; or
2] the Stupid Class can purchase a two-family or three-family home, renovate the 2nd Floor while living on the 1st Floor, then move up to the 2nd Floor, renovate the 1st Floor, rent it out to derive Income, remodel the 3rd Floor Apartment and rent it out to derive additional income, then purchase a McMansion and simultaneously rent out all 3 units.
Understand it doesn't matter to me what the Stupid Class does, so long as the Stupid Class pays for their own mistakes and doesn't try to take everyone else's money.
The Stupid Class could also forgo their 'Droids and use that money to purchase stocks, bonds or other property or assets from which they could derive Income....
...but the Stupid Class has repeatedly demonstrated that it has no desire for Income, Assets or Wealth.
If any "Income Inequality" (snicker) exists, then it is 100% self-inflicted and not some kind of conspiracy.
No doubt, there's some part of "One cannot violate the Laws of Economics" that you don't understand.
Refuting....
Mircea
I do not know any burger flippers/min wage/poverty level people who even have the option of purchasing a McMansion or two/three-family home.
When you're living on a poverty level income and paying half your income to keep a rented roof over your head, it's hard to accumulate Assets.
If home ownership in this country were scalable - as it is in the natural world - poor people would indeed be able to build Assets.
I'm sure Göbbels would be flattered by your attempt to imitate him.
And now for today's English and Grammar lessons....
The property of this country is absolutely concentrated in a very few hands, having revenues of from half a million of guineas a year downwards.
Um, "this country" would be what, exactly?
Well, those who can truly think for themselves, would not have missed this part....
This is a village of about 15,000 inhabitants when the court is not here, and 20,000 when they are, occupying a valley through which runs a brook and on each side of it a ridge of small mountains, most of which are naked rock. The King comes here, in the fall always, to hunt. His court attend him, as do also the foreign diplomatic corps; but as this is not indispensably required and my finances do not admit the expense of a continued residence here, I propose to come occasionally to attend the King's levees, returning again to Paris, distant forty miles.
Jefferson is very obviously talking about France, and not about the Confederacy known as the United States of America.
Income Inequality (snicker) is a matter of personal choice.
Netflix or buy stocks/bonds/Certificates of Deposit.....
Netflix or buy stocks/bonds/Certificates of Deposit.....
Netflix or buy stocks/bonds/Certificates of Deposit.....
People who can think for themselves immediately recognize propaganda, especially when Orwellian phrases like Weapons of Mass Destruction, Wealth Inequality and Income Inequality are used.
Earnings are one's wages/salary.
Mircea
Investing $8 a month is your solution for financial security? I've been investing a lot more than that for years and still am not rich.
The entire notion of government taking part in any form of income or property redistribution is offensive to the very ideas of freedom and private property rights.
You hear conservatives babble a lot of nonsense about what they image the founding fathers believed or what they wanted. Frankly, we put to much store in what a fractious group of wealthy men in the 18th century believed but even listen to what they had to say they almost ALWAYS say the exact opposite of what conservatives and libertarians falsely believe they said. For instance, let's take a look at Thomas Jefferson (our 3rd President and the man who wrote the Declaration of Independence) about the destructive effects of income inequality, what actions the government should take to help reduce income inequality, as well as what he thought was a good tax structure. Hint: Liberals will like it while conservatives will no doubt continue to deny the reality of what the man said.
So Jefferson says that protecting the middle class is the most important thing for a healthy democracy, that the poor should be exempted from paying any taxes, and that the government should progressively tax the wealthy at higher rates the richer they are. That it should be government policy to eleveate poverty and the poor should even receive free handouts in the form of freeland for the poor to farm. That's almost exactly what liberals have been advocating for the last century and the exact opposite of what regressive right wingers are constantly demanding.
Income disparity was rampant, worse then than now, in the colonies before the revolution. Most of which was not Britain's doing but wealthy colonist who continued to hustle their fellow colonist and above all their boss--Great Britain.
You hear conservatives babble a lot of nonsense about what they image the founding fathers believed or what they wanted. Frankly, we put to much store in what a fractious group of wealthy men in the 18th century believed but even listen to what they had to say they almost ALWAYS say the exact opposite of what conservatives and libertarians falsely believe they said. For instance, let's take a look at Thomas Jefferson (our 3rd President and the man who wrote the Declaration of Independence) about the destructive effects of income inequality, what actions the government should take to help reduce income inequality, as well as what he thought was a good tax structure. Hint: Liberals will like it while conservatives will no doubt continue to deny the reality of what the man said.
So Jefferson says that protecting the middle class is the most important thing for a healthy democracy, that the poor should be exempted from paying any taxes, and that the government should progressively tax the wealthy at higher rates the richer they are. That it should be government policy to eleveate poverty and the poor should even receive free handouts in the form of freeland for the poor to farm. That's almost exactly what liberals have been advocating for the last century and the exact opposite of what regressive right wingers are constantly demanding.
Liberals (AGAIN) confuse the right to work and freedom to obtain wealth with forcible wealth redistribution to the non-productive. Jefferson WAS NOT A SOCIALIST!
"I'm a great believer in luck and I find the harder I work, the more I have of it." Thomas Jefferson
"To cherish and stimulate the activity of the human mind, by multiplying the objects of enterprise, is not among the least considerable of the expedients, by which the wealth of a nation may be promoted." Alexander Hamilton 1791 - Report on Manufactures
A Man may, if he know not how to save, keep his Nose to the Grindstone, and die not wirth a Groat at last." Benjamin Franklin 1742 - Poor Richard's Almanack
"Dependence begets subservience and venality, suffocates the germ of virtue, and prepares fit tools for the designs of ambition." Thomas Jefferson 1781 - Notes on Virginia
and from a believer in the founders:
"Entrepreneurs and their small enterprises are responsible for almost all the economic growth in the United States." Ronald Reagan
Liberal policy, in fact, makes wealth distribution WORSE. How?
1. importing cheap labor with little restrictions on immigration
2. supporting programs which encourage the poor and uneducated to have more children (thus lowering the collective wealth and IQ of the population).
3. support of unions- shifting money to organizations which stifle the ability of business to expand and support organized crime.
4. support of regulations and red tape (EPA), which discourages small business (the growth engine of US prosperity and personal wealth) from growing and expanding.
5. support of educational programs which "pass" children unable to read or write through the teacher's union.
6. support of the trial lawyer's association, creating an oligarchy in the US
7. support of trade policy (NAFTA and China most favored nation) which kills our manufacturing.
8. War on coal and energy, which destroys middle class jobs and dooms people in those regions to poverty.
I fully support the middle class- that is why I am opposed to liberalism.
Last edited by hawkeye2009; 11-24-2013 at 10:03 AM..
Some other interesting quotes from notable historical figures about the dangers of income inequality and why the government should take measures against it.
You lost me here when you mention Barney Frank, Larry King and many others as "Historical Figures".
"You must spread some Reputation around before giving it to NHartphotog again."
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