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Interesting, not sure of the root cause of this “unintended” disparity increase, but I do know the latest tax bill allows them to keep so much more of it. Would love to see a study that compares the 1%ers to the Middle Class in terms of actual percentage of income paid in taxes.
The people who haven't succeed want to use "% of income" which ALWAYS looks bad for the wealthy.
The FACT is the top 10 % of the people PAY 90% of ALL taxes COLLECTED. And for some, that is NOT ENOUGH!
Sure seems that way. She is saying the wealthy benefited and the middle class suffered because of banking regulations.
It is not surprising that the wealthier people were able to capitalize from the stock market and housing collapse. That had the money to make moves, and what's better than picking up assets at a fraction of the value? Much of the middle class were not in position to do that, let alone those who lost everything.
In life, SOME ALWAYS benefit and others LOOSE.
When a hurricane is forecasted, the guy who sells plywood, used to put over windows, bottled water, toilet paper, etc. makes out like a bandit.
When a snow or ice storm hits they guy with the body and fender shop have LOTS of work.
When a hurricane is forecasted, the guy who sells plywood, used to put over windows, bottled water, toilet paper, etc. makes out like a bandit.
When a snow or ice storm hits they guy with the body and fender shop have LOTS of work.
Sure. That was my point. The wealthier people tend benefit from recessions, because they are in position to pick up assets after the crash, while those who lost everything are not in position.
Sure. That was my point. The wealthier people tend benefit from recessions, because they are in position to pick up assets after the crash, while those who lost everything are not in position.
Generalizations do not make for good arguments. You are ignoring that the government's welfare programs for the economy all went into the banks and stock markets. They had the money to do what happened because the fed/government printed it for them.
Federal taxes are there to control business and people
No truer were e'er spoke.
Currency sovereigns do not need to tax for revenue. They tax for control, subjugation, social engineering, policy implementation, and maintaining the illusion that government accounting works like your personal checking account does.
They do not need taxes for revenue.
They do not need taxes for revenue.
They do not need taxes for revenue.
They do not need taxes for revenue.
They do not need taxes for revenue.
They do not need taxes for revenue.
I can repeat that more often for people who misunderstand it, but seriously, for real, they do not need taxes for revenue.
Generalizations do not make for good arguments. You are ignoring that the government's welfare programs for the economy all went into the banks and stock markets. They had the money to do what happened because the fed/government printed it for them.
Huge new moneys were created by the Fed as QE's. The bulk of this went into the banking system as swaps were made for Treasuries and MBS paper. The Treasury swapping move mainly served to lower interest rates. MBS swaps served to move much of the foul debt off the backs of banks. And as stated more homeowner are still in place.
These moves helped inflate equities, where it was all very successful. And why the rich have so prospered since the crash. But the effect was indirect. The QE moneys did not by and large go into the the markets and directly into the pockets of the rich.
The middle class didn't do as well as a group. Being more reliant on wages, of course stagnant. And their housing investment. Much of which out and out crumped in the crash without recovery. Of course in some areas with proper timing and location, many in the middle class were eventually lucky enough to make out like bandits.
Currency sovereigns do not need to tax for revenue. They tax for control, subjugation, social engineering, policy implementation, and maintaining the illusion that government accounting works like your personal checking account does.
They do not need taxes for revenue.
They do not need taxes for revenue.
They do not need taxes for revenue.
They do not need taxes for revenue.
They do not need taxes for revenue.
They do not need taxes for revenue.
I can repeat that more often for people who misunderstand it, but seriously, for real, they do not need taxes for revenue.
An extremely key point that will not penetrate enough talking heads.
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