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Simplistic, naive thread. Too many of these on this forum, and started by the usual simpletons.
Too many on these forums can't answer it, so they just run from the question. Taxes for the past couple decades have been historically some of the lowest in history, while middle-class wages have never been so far below the top. It's clear trickle down economics doesn't work.
If taxes are at some of their lowest levels in history, and the wealthiest in this country are richer than ever, why hasn’t the growth in the wealth of the middle class matched that of the top 2%?
Wealth is voluntary, not a requirement.
Wealth must consciously be acquired.
One must take overt actions to acquire Wealth.
Wealth doesn't just fall out of the sky and land in your lap. You have to actually do something with the money you get in order to acquire assets that build Wealth.
You acquire Wealth by purchasing rental apartments, other real property, stocks, bonds, and other investment instruments.
If you use your "trickle-down" to buy an i-Phone instead of acquiring Wealth, then you have squandered your Wealth. Buying more house than you need, and/or putting no money down on your home is another way to squander your Wealth.
Which builds Wealth: Putting 0% down on a $250,000 McMansion and paying $250,000 for a McMansion, plus paying $318,000 in interest....
...or...
....Saving money to put 35% to 45% down on the $250,000 McMansion and paying only $79,956 in interest....
...and then use $238,044 saved to invest or save or both to build Wealth?
It only requires half-a-brain to figure it out.
Which builds Wealth: Paying $3,489 for Plasma TV -- $1,700 for the TV plus $1,789 in credit card interest payments....
....or.....
....buying a smaller TV for $400 and then taking the $3,000+ you saved and buying Certificates of Deposits, continuously rolling them over, while using the interest to buy stocks/bonds?
See?
It's not String Theory, it's just plain Common Sense.
Wealth must consciously be acquired.
One must take overt actions to acquire Wealth.
Wealth doesn't just fall out of the sky and land in your lap. You have to actually do something with the money you get in order to acquire assets that build Wealth.
You acquire Wealth by purchasing rental apartments, other real property, stocks, bonds, and other investment instruments.
If you use your "trickle-down" to buy an i-Phone instead of acquiring Wealth, then you have squandered your Wealth. Buying more house than you need, and/or putting no money down on your home is another way to squander your Wealth.
Which builds Wealth: Putting 0% down on a $250,000 McMansion and paying $250,000 for a McMansion, plus paying $318,000 in interest....
...or...
....Saving money to put 35% to 45% down on the $250,000 McMansion and paying only $79,956 in interest....
...and then use $238,044 saved to invest or save or both to build Wealth?
It only requires half-a-brain to figure it out.
Which builds Wealth: Paying $3,489 for Plasma TV -- $1,700 for the TV plus $1,789 in credit card interest payments....
....or.....
....buying a smaller TV for $400 and then taking the $3,000+ you saved and buying Certificates of Deposits, continuously rolling them over, while using the interest to buy stocks/bonds?
See?
It's not String Theory, it's just plain Common Sense.
Thanks for nothing.
OP speaks to the fiscal policy of trickle-down economics as it relates to current income inequality.
If taxes are at some of their lowest levels in history, and the wealthiest in this country are richer than ever, why hasn’t the growth in the wealth of the middle class matched that of the top 2%?
#Exposing Republican Lies#
I thought Obama fixed everything by his magnificence
If taxes are at some of their lowest levels in history, and the wealthiest in this country are richer than ever, why hasn’t the growth in the wealth of the middle class matched that of the top 2%?
#Exposing Republican Lies#
Explain to me how raising taxes, helps people earn more.
Too many on these forums can't answer it, so they just run from the question. Taxes for the past couple decades have been historically some of the lowest in history, while middle-class wages have never been so far below the top. It's clear trickle down economics doesn't work.
Trickle down doesnt even exist. its a "talking point" created by some left wing kook to babble nonsense that giving more money to government somehow makes people better..
We have RECORD WELFARE, because OBAMA POLICIES created it.. How exactly does that encourage people to earn more?
Wealth must consciously be acquired.
One must take overt actions to acquire Wealth.
Never knew that being born was an overt act.
Quote:
Wealth doesn't just fall out of the sky and land in your lap.
No but it does depend upon whose lap one falls out of.
The findings also suggest that who your parents are and how much they earn is more consequential for American youths today than ever before. That’s because the difference between the bottom and the top of the economic ladder has grown much more stark, but climbing the ladder hasn’t gotten any easier.
❏ Federal spending, per capita : $12,083.0 (percentage of GDP: 24%)
❏ State spending, per capita : $ 4,454.10 (percentage of GDP: 9%)
❏ Local spending, per capita : $ 5,308.4 (percentage of GDP: 11%)
Summed up, combined government spending takes (approx) 44% of the GDP.
If you’re one of the donors (tax payers), you’re working 44% (or more) of your life to support “their spending habit”.
Since the "TAKERS" (recipient class) outvote the "TAKEN" (donor class), there is NO REMEDY in the ballot, nor legislation.
{Nearly 60% of American families are wholly dependent upon government for their salaries, pensions, and / or entitlements. They will never support candidates that would cut their "benefits."}
. . .
If you're going to go for the lie, go for the BIG LIE!
. . .
"Lowest Levels in History?!"
USDC Stat abstract data:
Tax (Fed) percentage of GNP
1890 1.09 %
1900 1.58 % (coming off spanish american war)
1905 0.93 %
1910 0.83 %
. . . .
versus
2012 24 %
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