Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
And where does the money come from to pay a higher minimum wage ? it comes from everyone, in essence, a increase in costs.
Do you really want to get the economy going, reduce federal regulations on business, lower business taxes, make it affordable to build things in this country instead of overseas. Pay wages that are comparable to work performed, there is no reason a guy who installs tires on a auto assembly line gets $35 hr, and the guy who fixes the airliner you fly on gets $25. The rich got that way because they worked hard and made something, and what they did created jobs. I have never seen a poor man hire someone, only those with money can hire someone.
In my case the money to pay a higher minimum wage COULD come from the savings my employer would obtain if he took 5 overseas trips per year instead of 6. It's not like he would have to dine on rice and beans or anything, plus that money would remain in the domestic economy instead of being spent overseas.
I s'pose we can include eminent domain as part of this.
Yes. absolutely. Kelo was a remarkably bad decision and one of the worst ever. Property rights have been eroded from what the Founders or Framers intended.
The top 1% are paying about twice what they should be, compared to their share of the income. The bottom 90% are underpaying their federal income tax, compared to their share of the income.
(Note to moderators: all images appearing in this post have been linked via HTML text command in a legally permissible manner per the Ninth Circuit Court of Appeals Perfect 10 v. Amazon ruling, and as such do not constitute copyright violation.)
Our taxes are historically very low for the last 100 years.
Incorrect.
The times taxes were at their lowest points were the late 1940s and 2009/2010.
(Note to moderators: all images appearing in this post have been linked via HTML text command in a legally permissible manner per the Ninth Circuit Court of Appeals Perfect 10 v. Amazon ruling, and as such do not constitute copyright violation.)
There are a LOT of falsehoods being spewed by lefties on this thread. Why don't you all actually verify the manipulatively deceptive propaganda you've been spoon-fed before believing any of it? Why don't actual facts matter to any of you? Why are you so easily led by liars?
However the middle class has fared, they are still better off than any middle class anywhere. Poor people in America live in larger accommodations than the European middle class. Necessities and amenities are more available to the American poor than most European middle classes, not to mention to non-European ones.
Most middle class jobs that have disappeared have done so because of technology. Clerical workers have been replaced by spreadsheets, factory workers by robots, sales clerks by big box stores.
It is debatable whether or not the skills required to prosper with these technologies is as widely disseminated as were the lower level skills needed to master the skills used in the jobs they replaced. My own guess is, it isn't. You have to be pretty smart to operate and fix robots, smarter maybe than most people are.
you are seriously misinformed , a family of five in ireland where both parents are unemployed can receive 30 k per year in wellfare entitlements , thats 30 k without having to work and all healthcare paid for
thats thirty thousand euro btw , wellfare in america is peanuts compared to western europe , i think wellfare is too high in europe btw but your assertion that the poor in america have it better than the middle class in europe is way off the mark , you dont find seniors working in supermarkets in the uk or ireland , even you never paid a red cent in social security throughout your working life , you recieve 350 dollars per week plus free healthcare once you reach sixty six in ireland
you are seriously misinformed , a family of five in ireland where both parents are unemployed can receive 30 k per year in wellfare entitlements , thats 30 k without having to work and all healthcare paid for
Quote:
you dont find seniors working in supermarkets in the uk or ireland , even you never paid a red cent in social security throughout your working life , you recieve 350 dollars per week plus free healthcare once you reach sixty six in ireland
The bottom 90% are underpaying their federal income tax, compared to their share of the income.
I won't argue with you there. The top 20% does pay disproportionately more. However, just separating the top 1% for dramatic effect is disingenuous. Hardly anyone actually pays an effective rate of 35%, and they are doing something very wrong with their personal finances if they are. And you know that no one in the top 0.1% is paying close to that.
The Liberal Rich Who Support Higher taxes don't have you, the working people in mind.
High taxes are just a nuisance for the established rich. They protect their wealth and income from high taxes. They have accountants, lawyers and financial advisors on retainer legally put their wealth into trusts, offshore investments and nontaxable assets. Taxes don’t threaten their dreams of becoming rich, because they already are rich!
On the other hand, entrepreneurs need all their retained earnings to finance their business. Bank financing is not always available for the entrepreneur.
High taxes reduces money available for re-investment into their businesses because more money goes to the government. Jobs are not provided by wealthy people, but by entrepreneurs striving to become wealthy. Taxes strike at the heart of the entrepreneur’s ambitions for success and his ability to create jobs. High taxes on small business makes it difficult for small business to grow.
By raising taxes the Liberal rich are thwarting the up-and-coming entrepreneurs who are competing with them in the competitive market. In this way, the very rich protect their established businesses, wealth and power.
Notice that Obama raised taxes on "income" which to small business (money needed to run and grow the business). Obama did not raise taxes on wealth. If Obama ran on raising taxes on wealth he would not be president today.
I won't argue with you there. The top 20% does pay disproportionately more. However, just separating the top 1% for dramatic effect is disingenuous. Hardly anyone actually pays an effective rate of 35%
For total federal taxes, that's correct. Only the top 0.1% pays a total effective federal tax rate of more than 35%. The same tax liability for the top 1% is 33.4%. Total federal effective tax liabilities reduce dramatically from there. Even the top 5% excluding the top 1% drops down to a total effective federal tax rate of only 23.8%. Actual facts are stubborn things...
" *Individual income tax rates for the lowest and second lowest quintiles are negative and are netted against the payroll tax rate. A quintile is one fifth of the population. Calculations assume that employees also pay the employer portion of payroll taxes in the form of reduced wages. The breaks are (in 2013 dollars): 20% $24,191; 40% $47,261; 60% $79,521; 80% $134,266; 90% $180,482; 95% $261,471; 99% $615,048; 99.9% $3,170,865."
(Note to moderators: all images appearing in this post have been linked via HTML text command in a legally permissible manner per the Ninth Circuit Court of Appeals Perfect 10 v. Amazon ruling, and as such do not constitute copyright violation.)
Of course not, because of conservative politics and Reaganomics over the past 3 decades. Yet, they still think austerity and tax cutting is the way to go.
I thought Obama was going to fix everything? Not!
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
It's not like he would have to dine on rice and beans or anything, plus that money would remain in the domestic economy instead of being spent overseas.
