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^^Sales is a quintessential example of "not working"...if you're on commission, anyhow. If your sales figures have nothing to do with your income, then you're safe.
the study that boortz indicates shows that the rich work far more hours and have far less leisure time than the poor do.
I think that many rich people do deserve to be rich, but there is no amount of work anyone can do that is actually worth billions of dollars. There just aren't enough hours in one lifetime to do that much work. It takes luck finding a special niche to get super-rich, and there just aren't that many special niches. In some cases, it even takes luck finding a good job just to get out of poverty, depending on the economy at the time - for example, check the unemployment rate.
The redistribution of wealth from the middle class to the wealthy class during the Bush years ruined the economy.
Um... the redistribution didn't exactly go the way you think it did...
Read the following article. It's a pretty basic explanation of how the wealth transfer to the working class has happened, but you'll get the idea:
"This shift of business ownership from rich people to working people may be the greatest economic transformation since the Industrial Revolution. ...So what does all this mean? Well, for starters, it should lead to an end of complaints about the profits of corporations and allegations about 'greedy corporations.' After all, much of that profit now goes toward the current and future retirement incomes of working people." Business Ownership & Labor Day
Everyone who contributes to or benefits from a 401k, pension fund, mutual fund, annuity, or whole life insurance policy, etc. has accumulated wealth, en masse.
O'Donnell's running for president? Or up for nomination to the post of U.S. Attorney General? Not last I checked. Your statement makes me wonder if you understand the structure of our government.
Oh, I understand informed.
Have you forgotten how Congress can and has held up appointments the administration wanted to make, as well as confirms (also impeach) SCOTUS justices (5 of which feel foreign money has just as much a right to participate in American elections).
Also let us not forget that Congress actually MAKES laws rather than sign off on them as the President does.
And given that our current President was a junior Senator, yes, I do believe the voters should be well aware of who's in the runnings
Have you forgotten how Congress can and has held up appointments the administration wanted to make, as well as confirms (also impeach) SCOTUS justices (5 of which feel foreign money has just as much a right to participate in American elections).
Also let us not forget that Congress actually MAKES laws rather than sign off on them as the President does.
And given that our current President was a junior Senator, yes, I do believe the voters should be well aware of who's in the runnings
And Obama has just waited until Congress went on break to get them all in.
Except for this last break where Congress finally got wise to the game.
They may spend more TIME at it, but that doesn't mean that they're working. Working it, perhaps, but not working.
Taking advantage of others, lying, cheating, whatever it takes them to make--not earn--a buck. None of them are honest--honest men are poor.
There is no doubt that some on Wall Street have committed fraud and illegal acts. How are Obama and Holder coming along on prosecuting them and clawing back the illegal gains?
Suppose that every day, ten men go out for beer and the bill for all ten comes to $100...
If they paid their bill the way we pay our taxes, it would go something like this...
The first four men (the poorest) would pay nothing. The fifth would pay $1. The sixth would pay $3. The seventh would pay $7.. The eighth would pay $12. The ninth would pay $18. The tenth man (the richest) would pay $59.
So, that's what they decided to do..
The ten men drank in the bar every day and seemed quite happy with the arrangement, until one day, the owner threw them a curve ball. "Since you are all such good customers," he said, "I'm going to reduce the cost of your daily beer by $20". Drinks for the ten men would now cost just $80.
The group still wanted to pay their bill the way we pay our taxes. So the first four men were unaffected. They would still drink for free. But what about the other six men? The paying customers? How could they divide the $20 windfall so that everyone would get his fair share?
They realized that $20 divided by six is $3.33. But if they subtracted that from everybody's share, then the fifth man and the sixth man would each end up being paid to drink his beer.
So, the bar owner suggested that it would be fair to reduce each man's bill by a higher percentage the poorer he was, to follow the principle of the tax system they had been using, and he proceeded to work out the amounts he suggested that each should now pay.
And so the fifth man, like the first four, now paid nothing (100% saving). The sixth now paid $2 instead of $3 (33% saving). The seventh now paid $5 instead of $7 (28% saving). The eighth now paid $9 instead of $12 (25% saving). The ninth now paid $14 instead of $18 (22% saving). The tenth now paid $49 instead of $59 (16% saving).
Each of the six was better off than before. And the first four continued to drink for free. But, once outside the bar, the men began to compare their savings.
"I only got a dollar out of the $20 saving," declared the sixth man. He pointed to the tenth man, “but he got $10!" "Yeah, that's right," exclaimed the fifth man. "I only saved a dollar too. It's unfair that he got ten times more benefit than me!" "That's true!" shouted the seventh man. "Why should he get $10 back, when I got only $2? The wealthy get all the breaks!" "Wait a minute," yelled the first four men in unison, "we didn't get anything at all. This new tax system exploits the poor!" The nine men surrounded the tenth and beat him up.
The next night the tenth man didn't show up for drinks, so the nine sat down and had their beers without him. But when it came time to pay the bill, they discovered something important. They didn't have enough money between all of them for even half of the bill!
Ya, once the "10th man" doesn't show up anymore, let's see how things go. What is a "rich" man going to do without a society that honors his currency?
Quote:
And that, boys and girls, journalists and government ministers, is how our tax system works. The people who already pay the highest taxes will naturally get the most benefit from a tax reduction. Tax them too much, attack them for being wealthy, and they just may not show up anymore. In fact, they might start drinking overseas, where the atmosphere is somewhat friendlier.
David R. Kamerschen, Ph.D. Professor of Economics.
For those who understand, no explanation is needed. For those who do not understand, no explanation is possible.
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