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Old 07-12-2014, 09:47 AM
 
8,104 posts, read 3,958,371 times
Reputation: 3070

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Quote:
Originally Posted by pnwmdk View Post
"The dangers of wealth concentration".

Explain these in detail, please.

I want a logical, reality based cause and effect trail of events.

(nobody can provide one, it doesn't exist, the "danger" doesn't exist)

The effects can be seen throughout history in any economic system in many countries. It is not limited to any economic system since corruption can seep into all of them.
Take the Soviet Union where power and wealth was concentrated at the top between Government and Business and everyone else was poor.

That was one of the propaganda slogans we used against "Communism" in the 70's and 80's when we had a vibrant middle class. But it seems the rich elite have back tracked and have no qualms now with a system where there are the top rich elite and everyone else is poor.
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Old 07-12-2014, 09:50 AM
 
8,104 posts, read 3,958,371 times
Reputation: 3070
Quote:
Originally Posted by lifeexplorer View Post
Yet you keep electing those kind of politicians while complaining.

Who did you vote for Dem or Rep? Not a single Rep voted for the Obamacare.

I did not elect "these" politicians and am trying to wake more people up on the scam being played against the common American.


When you look at who backed Romney and who backed Obama, I see no freaking difference between them.
The Big Money Backers are Partisan-less. They do not care about partisan politics.



Top Contributors to Barack Obama | OpenSecrets

Top Contributors to Obama

Goldman Sachs $1,034,615
JPMorgan Chase & Co $847,895
Citigroup Inc $755,057
US Government $638,335
Skadden, Arps et al $554,439
US Dept of Justice $540,636
IBM Corp $534,470
UBS AG $534,166
General Electric $532,031
Morgan Stanley $528,182



Top Contributors to Mitt Romney | OpenSecrets

Top Contributors to Romney

Goldman Sachs $1,033,204
Bank of America $1,013,402
Morgan Stanley $911,305
JPMorgan Chase & Co $834,096
Wells Fargo $677,076
Credit Suisse Group $643,120
Citigroup Inc $511,199
Barclays $446,000
General Electric $332,875
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Old 07-12-2014, 09:57 AM
 
24,832 posts, read 37,337,915 times
Reputation: 11538
Quote:
Originally Posted by J746NEW View Post
I did not elect "these" politicians and am trying to wake more people up on the scam being played against the common American.


When you look at who backed Romney and who backed Obama, I see no freaking difference between them.
The Big Money Backers are Partisan-less. They do not care about partisan politics.



Top Contributors to Barack Obama | OpenSecrets

Top Contributors to Obama

Goldman Sachs $1,034,615
JPMorgan Chase & Co $847,895
Citigroup Inc $755,057
US Government $638,335
Skadden, Arps et al $554,439
US Dept of Justice $540,636
IBM Corp $534,470
UBS AG $534,166
General Electric $532,031
Morgan Stanley $528,182



Top Contributors to Mitt Romney | OpenSecretsThey care.....

They care so much they play both sides.

Top Contributors to Romney

Goldman Sachs $1,033,204
Bank of America $1,013,402
Morgan Stanley $911,305
JPMorgan Chase & Co $834,096
Wells Fargo $677,076
Credit Suisse Group $643,120
Citigroup Inc $511,199
Barclays $446,000
General Electric $332,875
They care....

They care so much the play both sides.
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Old 07-12-2014, 10:06 AM
 
Location: Atlanta, Ga
2,490 posts, read 2,544,917 times
Reputation: 2057
Quote:
Originally Posted by Workin_Hard View Post
It's time to qualify and differentiate the use of the term "college degrees". Degrees in what? Philosophy? English History? Lesbian studies? An Art History major hands me my coffee every morning while wearing a green apron because guess what ... no one will pay her to share what she knows about art history! I work with successful engineers and no one in my office is making under six figures.



What problem? Define "deserve". The guy with a beater Chevy may feel that I don't "deserve" one. That someone may have 100 of them gives me something to aspire to. I look at that and think "Wow, what did he do right, what can I learn from what he did, and what can I do to achieve that kind of success?" Unmotivated losers will look at him and just say "What an a**hole! He doesn't deserve it!" What is stopping them from starting a company and becoming successful?

Anyone can make anything of themselves in this country and no one deserves to be punished for success. Some choose to clean the Slurpee machine instead. I was born into a poor family but chose to work hard. And I drove a lot of beaters along the way.
Lol, you think it's only the 'worthless'degrees out of work or having a hard time struggling. I dont even have time to explain everything wrong with that statement.

Yeah, there is something wrong with being inspired by someone who can afford or does have that many. At some point, your wealth has reached a point where it's no longer necessary. What exactly did they do to be worth 50 million instead of 15 million? I don't get inspired by seeing someone who makes that exorbitantly gross amount of money, probably at the expense of some of his workers. What motivates me is to know that I don't have everything I need and some of what I want now, how do I get it? I'm very comfortable as I am and honestly have no real desire to move up further. I could go for a promotion and be able to get a yauht without digging into savings, but that's unnecessary to me. If someone wants that great, but I don't see the need to continue getting more and more. Seems like someone's filling a void in their life.
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Old 07-12-2014, 10:08 AM
 
Location: A Nation Possessed
25,713 posts, read 18,788,778 times
Reputation: 22562
Quote:
Originally Posted by WestCobb View Post
Isn't it about time to tax the rich at a higher rate??
Isn't it about time that taxation were made illegal? Isn't it about time that your earnings were yours? Isn't it about time that you were a freed slave rather than a slave?
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Old 07-12-2014, 10:09 AM
 
24,832 posts, read 37,337,915 times
Reputation: 11538
Quote:
Originally Posted by mattee01 View Post
Lol, you think it's only the 'worthless'degrees out of work or having a hard time struggling. I dont even have time to explain everything wrong with that statement.

Yeah, there is something wrong with being inspired by someone who can afford or does have that many. At some point, your wealth has reached a point where it's no longer necessary. What exactly did they do to be worth 50 million instead of 15 million? I don't get inspired by seeing someone who makes that exorbitantly gross amount of money, probably at the expense of some of his workers. What motivates me is to know that I don't have everything I need and some of what I want now, how do I get it? I'm very comfortable as I am and honestly have no real desire to move up further. I could go for a promotion and be able to get a yauht without digging into savings, but that's unnecessary to me. If someone wants that great, but I don't see the need to continue getting more and more. Seems like someone's filling a void in their life.
We all climb different mountains in life.

If you are so satisfied....why the concern for what others make???
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Old 07-12-2014, 10:14 AM
 
Location: Atlanta, Ga
2,490 posts, read 2,544,917 times
Reputation: 2057
Quote:
Originally Posted by J746NEW View Post
The effects can be seen throughout history in any economic system in many countries. It is not limited to any economic system since corruption can seep into all of them.
Take the Soviet Union where power and wealth was concentrated at the top between Government and Business and everyone else was poor.

That was one of the propaganda slogans we used against "Communism" in the 70's and 80's when we had a vibrant middle class. But it seems the rich elite have back tracked and have no qualms now with a system where there are the top rich elite and everyone else is poor.
America has essentially become a Communist country. Republicans focus too much on social issues, bad mouthing socialism (ignoring that despite the USSR being a socialist, communist state, there is a difference between the two terms). Meanwhile they let big business turn America into the UCAS (United Communist American States) so that they can get richer while the middle class disappears and the poor get poorer.

I do have to wonder though, how will the rich maintain their wealth once there's no one left to spend it. Guess that's 'someone elses problem', I'm sure the rich have already found a solution for themselves.
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Old 07-12-2014, 10:15 AM
 
Location: Atlanta, Ga
2,490 posts, read 2,544,917 times
Reputation: 2057
Quote:
Originally Posted by Driller1 View Post
We all climb different mountains in life.

If you are so satisfied....why the concern for what others make???
Because some of them chose to drop a mountain right on top of a city of people.
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Old 07-12-2014, 10:15 AM
 
Location: A Nation Possessed
25,713 posts, read 18,788,778 times
Reputation: 22562
Quote:
Originally Posted by mattee01 View Post
Lol, you think it's only the 'worthless'degrees out of work or having a hard time struggling. I dont even have time to explain everything wrong with that statement.
Don't sweat it. Stephen King makes more than he could ever dream of making. He sees only one "path to success" and doesn't understand that a world populated by only engineers and bankers would be a world not worth living in. And I'll bet the guy listens to music. I'll bet he has art hanging in his home. I'll bet he's read a novel or watched a movie. Oh well. Tunnel vision. Hypocrisy.
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Old 07-12-2014, 10:20 AM
 
10,730 posts, read 5,661,282 times
Reputation: 10863
Quote:
Originally Posted by chad3 View Post
That's why we need to make CEO's pay their fair share of taxes.

The "Buffet Rule" which would make CEO's pay 30% tax rates, would generate around $45 billion dollars a year in extra tax revenues. That $45 billion dollars could be used to give Americans paying high tax rates some relief.

Buffett Rule - Wikipedia, the free encyclopedia


Millionaire/billionaire CEO's do not pay 39% tax rates, rather they pay 11%-14% federal tax rates.
There is no "CEO" tax rate. That you don't understand that is rather telling. To engage in this discussion when you lack even a basic understanding of how things actually work is a futile endeavor on your part.

EVERYONE pays they exact same tax rate on the same quantity of the same type of income. There are no special rates for rich people or CEO's.
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