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yes..it IS flat...thats the POINT. Redistribution has VERY little effect on GDP, while the top graph indicates that wealth inequality has a pretty SERIOUS effect.
yes..it IS flat...thats the POINT. Redistribution has VERY little effect on GDP, while the top graph indicates that wealth inequality has a pretty SERIOUS effect.
That would make Obama WRONG, since all of his programs are based upon redistribution, i.e. the 2nd chart, and very little if any of them have a dam thing to do about income inequality.. He boosts welfare, subsidizes the poor and the rich have gotten far richer.
That would make Obama WRONG, since all of his programs are based upon redistribution, i.e. the 2nd chart, and very little if any of them have a dam thing to do about income inequality.. He boosts welfare, subsidizes the poor and the rich have gotten far richer.
Hows Warren Buffet doing again?
Sigh.
Look at the charts. try to understand.
1. If you redistribute money, it has VERY little effect on GDP. It doesnt damage it at all hardly....however....
If you REDUCE wealth inequality as a result, it has a significant positive impact on GDP.
Which scenario is better for the economy? (Please check one.)
[ ] Give 50 millionaires a tax break, they'll go out and buy 50 widgets.
[ ] Give 50 million people a pay hike, they'll go out and buy 50 million widgets.
No, if you give 50 million people a pay hike, widgets will just cost more and those 50 millionaires will make more money selling widgets because people can afford to pay more for widgets now.
1. If you redistribute money, it has VERY little effect on GDP. It doesnt damage it at all hardly....however....
If you REDUCE wealth inequality as a result, it has a significant positive impact on GDP.
And once again, Obamas programs all focus on redistribution of money, NOT wealth inequality..
And who cares about the GDP if the people who live there are worse off as a result? Once again, if we allowed 50,000,000 illegals in the country, the GDP would skyrocket, but you couldnt find a job and if you could, it would be at a lower pay.
Thats like suggesting if the USA just took over Mexico, and we combined the GDP, then we'd be better, but in reality, nothing would change.
Again, how is Warren Buffet doing? Isnt his wealth up tens of billions? I guess that wealth inequality isnt really taking place, which AGAIN, makes OBAMA WRONG..
So you sanction stealing? What do you say we redistribute your wealth to those less fortunate than you?
Shrug, we already do via taxes-I have a higher tax rate then Romney. Joy. Sadly we're taxing the heck out of the middle class, while taxing the wealthiest lightly-in fact the tax rate of the top .1% is lower generally then the tax rate of the 1%. Weird.
As for "taxes being theft", what nonsense.
You do understand that a rising GDP is good for everyone right? Even the richest?
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People seem to forget this little fact. We tax income not wealth in this country.
