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The ultra-rich don't produce anything of value, they simply live off the fruits of others' labor. They feel entitled to your tax dollars, which subsidize their corporations and pay for their wars to get access to markets/resources. When they mess up and their corporations fail, the feel entitled to your tax dollars to pay for their bailouts.
It's time to stop these lazy free loaders from getting rich at our expense. Agree?
Then don't work for them. Nobody puts a gun on your head and forces you to work for anybody, right?
The ultra-rich don't produce anything of value, they simply live off the fruits of others' labor. They feel entitled to your tax dollars, which subsidize their corporations and pay for their wars to get access to markets/resources. When they mess up and their corporations fail, the feel entitled to your tax dollars to pay for their bailouts.
It's time to stop these lazy free loaders from getting rich at our expense. Agree?
What fruits of other people's labor?
The other people's labor has already been compensated based on mutually agreed upon contracts.
I don't begrudge someone who builds a business, or is otherwise gainfully employed, reaping the benefits of their hard work and/or good fortune. But when they get to the point where most of their income is from investments (interest and dividends) why should they pay only 15% in tax? Why should capital gains be taxed differently from regular income?
The ultra-rich don't produce anything of value, they simply live off the fruits of others' labor. They feel entitled to your tax dollars, which subsidize their corporations and pay for their wars to get access to markets/resources. When they mess up and their corporations fail, the feel entitled to your tax dollars to pay for their bailouts.
It's time to stop these lazy free loaders from getting rich at our expense. Agree?
So when the stock market booms, the gains don't get distributed very well, they go mostly to a small group of people.
so then according to you, if i owned ten shares of xyz corporation, and you owned two shares, when dividends were distributed then we each should get the same amount, rather than issuing dividends on a per share basis which is what they do now?
so then according to you, if i owned ten shares of xyz corporation, and you owned two shares, when dividends were distributed then we each should get the same amount, rather than issuing dividends on a per share basis which is what they do now?
you'll have to further explain how you came to that conclusion
And well-done with the titling of this thread. It's going to draw all sort of people who will be eager to dump on those at the bottom of the economic ladder, not expecting it to be the opposite.
you'll have to further explain how you came to that conclusion
from your post, you complain
Quote:
So when the stock market booms, the gains don't get distributed very well, they go mostly to a small group of people.
does that mean you think that dividends should go out based on everyone that owns stock should get the same dividend, or should dividends be paid out based on a per stock basis? in other words you own two shares, and i own ten. the way dividends are paid out now, if the dividend was ten dollars per share, i would get $100 and you would get $20.
or do you think that if there were say 1000 share holders, and the dividend total being paid out be equally distributed to each stock holder, regardless of how much stock they own?
I would call it simply a statement of fact, that equity market ownership is extremely unequal and therefore we cannot go around pretending that stock market gains are widely shared among the population.
In other words if Bob owns $100 in stock and Joe owns $100,000,000 in stock, we cannot pretend that Bob benefits as much from, say, a capital gains or corporate tax cut as much as Joe does.
Quote:
does that mean you think that dividends should go out based on everyone that owns stock should get the same dividend
The ultra-rich don't produce anything of value, they simply live off the fruits of others' labor.
If that were true, everyone could be "ultra-rich."
There are two ways one becomes "ultra rich." it's handed down to them or they earned it. The majority of one percenters are self made.
How does someone that earns millions of dollars not produce anything
By your logic, a farmer that plows a field with a horse doesn't produce anything. That farmer just lives off the fruits of his horse's labor
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