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 obviously this can be fixed very simply by redistributing the wealth from rich to poor by raising taxes on the wealthiest tax brackets or adding a new highest tax bracket and redistributing it to like poorer people.
By definition, this will equalize the distribution of wealth in USA
Also because of inflation over the last few decades and state taxes, the poor pay too much taxes and the rich are paying highest tax bracket which in today's dollars, is no longer a high tax bracket ....and stuff
This is why the wealth inequality. Rich are paying too little in taxes and poor are paying too much
Otherwise wealth would be more fair like 50% of the wealth is in more like 50% of Americans....that's the ideal...each person being truly truly equal
This is just a fact. It's also why there will always be poor folks. Not everyone can be a business owner. The only other ways to make beaucoup bucks are to invest in the market - (Horrors!), or inherit it from a very rich relative.
I grew up poor. VERY poor. But along the way I learned to work and save. I invest in the market. 4 weeks ago I bought 25g in Apple stock. That stock is up 50 dollars a share since then. I have no college degree, but I spend a fair amount of time reading what people with real money are doing with their money. I only wish I spent more.
There will always be poor people because some people insist on expecting good luck to come their way. That some lottery ticket will get them out of hack. They will discuss their bad luck daily at the local watering hole and complain how life isn't fair, pausing to send a text on the latest cell phone they just got.
There will always be poor people because some people refuse to take a risk. Refuse to give it 110%. Refuse to do more than the bare minimum.
There will always be poor people because some people refuse to learn from their mistakes. 1 accidental pregnancy wasn't enough?
There will always be poor people as long as there are people willing to make excuses for them and insist on carrying them.
Already happening and was when I was in school. I find it impossible to believe that in this day and age women in this country don't know how babies happen. You can lead a horse to water but can't make them drink.
Accidents happen. The same accident over and over is just ignorance or stupidity.
Come now religion isn't the cause. Ignorance is the cause. How many of those inner-city unwed moms are bible banging zealots? How many inner city schools have a religious element that has any influence? Ill say a streetwise kid is years advanced over a country kid the same age when it comes to sex.
Now if you want to go to the sticks of WV or some other Down south state I might agree if you are talking the sticks. But lets face it the bottom line is ignorance and stupidity.
[quote=EricS39;35031093]And obviously this can be fixed very simply by redistributing the wealth from rich to poor by raising taxes on the wealthiest tax brackets or adding a new highest tax bracket and redistributing it to like poorer people.{/quote]
Oh, sure. Steal from those who earn their wealth by hard work, smart investing and money management, and giving it to those unwilling to make the same effort in their own lives, or even to those who are less smart (a fact of life is that some people are smarter than others). Even if one is less smart, or with less natural talent, it does not give them the right to the wealth of others. Theft is theft, even if it is done by the government and labeled "taxation." Taxing citizens for the purposes of redistributing their wealth to others is wrong.
Quote:
Originally Posted by EricS39
By definition, this will equalize the distribution of wealth in USA
By definition it is theft. And it will do nothing to improve the lives of any of those on the receiving end, as they will have even less incentive to work, as we have already seen.
Quote:
Originally Posted by EricS39
Also because of inflation over the last few decades and state taxes, the poor pay too much taxes and the rich are paying highest tax bracket which in today's dollars, is no longer a high tax bracket ....and stuff
"And stuff?" The so-called "poor" don't pay any taxes. So is paying nothing paying "too much?" I think forcing people into higher brackets as they continue to earn more, is punishment. Why should achievement be punished? Achievement should be encouraged, not punished.
Quote:
Originally Posted by EricS39
This is why the wealth inequality. Rich are paying too little in taxes and poor are paying too much
Was that the end of your sentence? No period. Same with your last two statements.
What is wrong with "wealth inequality?" Why is it bad for people who work hard to have more than people who are have no interest in achievement? Some people just don't like to work that hard. Others are happy living mediocre lives living from paycheck to paycheck (i.e., no drive).
Quote:
Originally Posted by EricS39
Otherwise wealth would be more fair like 50% of the wealth is in more like 50% of Americans....that's the ideal...each person being truly truly equal
So, who are you to set the "ideal?" It may be "ideal" to you. I don't see "ideal" as having half the income of some people taken from them by force of government, so that others can continue to be parasites and not take care of their own needs.
What would be the incentive for anyone to strive to achieve knowing that at some point the government is going to take away half of what they earn?
Where does the money for investment in new business come from, if we tax away the investment potential of those who would otherwise be investors? Do you not see that this has a cooling affect on economic growth? Businesses need investors in order to grow. If the government taxes away that investment pool, business growth will be impacted.
This is the problem with "Liberal" logic. It is utter stupidity.
Jesus said that the poor would always be with us. He recognized that "inequality" in that sense was natural and to be expected. He understood that all people did not behave equally. If we had equal behavior, we might have a lot less inequality of income and wealth distribution.
These days? Go back to the late 1800s and compare the wealth of Carnegie, Hearst, Morgan, and others to the rest of the population. And later, in the early 1900s, Howard Hughes and the like. This is nothing new.
Liberals don't understand economics, much less human behavior. All they see is Joe has more than Paul, and they think that's wrong.
Solution is to extend the lowest tax bracket to cover higher nominal earnings, or lower the marginal taxrates then for multi-millionaires,,, have a new much higher taxrate
A better solution would be to get the lazy leeches off their butts and go to work.
The inequality is the result of too many government policies to describe in this post operating since the 1950's to make the rich richer and the post war working class poorer while leaving the poor as poor as ever. These policies, ranging from tax codes to zoning, have been very successful at creating a politically privileged class that operates the economy to protect and enhance their own wealth and remove the threat of any dilution from people of lower social standing.
In the 50's was the beginning of decades of economic growth and prosperity, where we saw families with only one car, soon able to afford two. Television sets replaced the radio for evening entertainment when people used to listen to shows like "Fibber McGee and Molly" and "The Great Gildersleeve." Also "Dinner Winner." Now they had a picture to go with sound.
Home ownership also rose, as family incomes began to increase.
Few people did not experience an improvement in their standard of living, from washing machines to gas and electric clothes dryers, dishwashers, and other modern appliances.
To claim that this period saw the poor get poorer while the "rich got richer" is a flat out lie, and is nothing but the propaganda peddled by the anit-capitalist Left.
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.
