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.
All business require capital, and they need consumers to buy the goods and services they produce. If consumers don't consume the economy shrinks, and that trust fund will lose value. It is demand that drives the economy, and the faster we put money into the pockets of wage earners the faster they will spend.
If you take money out of one pocket and put it in another, it's not more demand.
If you want to stimulate the economy, you should REDUCE taxes, not shift them from Joe to Bob. A tax reduction let's people keep more of their OWN money which they will save or spend.
Actually, lower income people get a much bigger tax break in relation to their income. For example, the personal exemption is $4000. If you are making $25k that's a HUGE tax break. If you are making $100k it's not so big.
I see you (like Bernie Sanders) failed economics. If your statement were true, we should give everyone a million dollars. That would really boost the economy.
Taking money out of one pocket and putting it in another does not boost the economy.
". For example, the personal exemption is $4000."
PLUS, the Earned Income Tax Credit where you get more money BACK then you put in.
If you take money out of one pocket and put it in another, it's not more demand.
If you want to stimulate the economy, you should REDUCE taxes, not shift them from Joe to Bob. A tax reduction let's people keep more of their OWN money which they will save or spend.
You don't seem to understand the term demand, try consumption. Buying. Purchase. Sales. Income to business. If no purchases are made because their pockets are empty, no sale, no income, no profit, no capital, no business. Nothing to save. You cannot eat or wear reduced taxes. Poor people put the money right back into the money supply which translates to buy, sale, income, profit, capital.
If you take money out of one pocket and put it in another, it's not more demand.
If you want to stimulate the economy, you should REDUCE taxes, not shift them from Joe to Bob. A tax reduction let's people keep more of their OWN money which they will save or spend.
After you reduce taxes, what do you say to the now-worse-off working poor, now that you have effectively shifted wealth from Joe to bob?
Fiscal and monetary policy dependent on debt and inflation will mathematically result in income inequality. Over time, the calculus will result in increasing inequality.
If liberals weren't bad at math they would demand that their representatives quit spending.
1. You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity.
2. What one person receives without working for, another person must work for without receiving.
3. The government cannot give to anybody anything that the government does not first take from somebody else.
4. You cannot multiply wealth by dividing it!
5. When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that is the beginning of the end of any nation.
There are enough charts and graphs and Wikipedia to explain the inequality in income. It is the highest since the 1920's
So? That's a Scare Tactic Fallacy.
Neither "Income Inequality" nor "Wealth Inequality" caused the Great Depression.
Quote:
Originally Posted by cb2008
Do you see this in your own life, among friends and acquaintances, your children's lives?
I'm too busy living my life to worry about how much someone else has.
Quote:
Originally Posted by cb2008
I see it in the parelell universe that the super rich and the rest of us live. The number of super rich has grown as a percentage.
I see it in air travel. There were always first class but what we call coach is how most of us travelled in. It was comfortable and actually fun. Now I cannot get anything other than a middle seat if I want to fly to LA in Jet Blue. Of course I can PAY extra and get the aisle seat, pay to bypass security, pay to board first. So there is your class system.
That's Penis Envy/Butt-Breast Implant Envy which is unbecoming.
Quote:
Originally Posted by cb2008
Most people need two incomes to have a decent life.
A "decent life" is highly subjective, and it has nothing to do with "Income Inequality."
Quote:
Originally Posted by cb2008
Young people incur huge debts to finish college without which they cannot get a decent job.
That has nothing to do with "Income Inequality" either.
There is no right, title or guarantee for a job, and there are plenty of jobs outside the US where young people can work.
Job Markets are competitive and sending kids to college does nothing to diminish competitiveness.
Quote:
Originally Posted by cb2008
Consequently the rich get tax breaks, corporations get laws favorable to them passed by buying pols, and the rest contend with poor roads, poor public transit, poor schools.
That has nothing to do with "Income Inequality" either.
Quote:
Originally Posted by cb2008
Do you belive this inequality is bad for democracy and our way of life? If so, What is the solution?
Solution to what?
There were 3,032,742 tax returns filed with earned income greater than $250,000 with a total of $1,281,411,930,000 in earned income.
That is an average earned income of $422,525.
Obviously, you're seeing things that don't exist.
Source: Table 1. Individual Income Tax Returns, Tax Year 2012 Preliminary Data: Selected Income and Tax Items, by Size of Adjusted Gross Income
Quote:
Originally Posted by cb2008
Recognizing Income Inequality, where the middle-class and the poor are getting shafted, does not mean one is filled with envy.
But, of course it does.
Quote:
Originally Posted by cb2008
Many of those who point to the the growing gap in income and the obscene profits corporations are making and CEO's are getting paid, are millionaires themselves who realize a healthy democracy and economy cannot be sustained for long in that state.
More Penis Envy.
Quote:
Originally Posted by cb2008
Again, you should take some lessons in Economics.
So should you, so you you can determine the difference between earned income, unearned income and wealth, and learn how to correctly calculate productivity.
Quote:
Originally Posted by cb2008
All business require capital, and they need consumers to buy the goods and services they produce. If consumers don't consume the economy shrinks, and that trust fund will lose value. It is demand that drives the economy, and the faster we put money into the pockets of wage earners the faster they will spend.
That creates Demand-pull Inflation which drives up the prices of goods and services, and then you complain you cannot afford to buy anything.
Fiscal and monetary policy dependent on debt and inflation will mathematically result in income inequality. Over time, the calculus will result in increasing inequality.
If liberals weren't bad at math they would demand that their representatives quit spending.
i am not sure if even you know what that means. if you do you should be able to state in simpler terms.
1. You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity.
2. What one person receives without working for, another person must work for without receiving.
People with low income work very hard, sometimes two jobs. The statement is meaningless, it just looks like it means something.
3. The government cannot give to anybody anything that the government does not first take from somebody else. True enough but what does that mean. You live in some land outside the US?
4. You cannot multiply wealth by dividing it!
Sure you can. That is what investment is all about, asset allocation.
5. When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that is the beginning of the end of any nation.
MOre meaningless words that pretends to say something deep.
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.
