Rich vs Poor: 14 Funny Statistics And 14 Not So Funny Statistics About This "Economic Recovery" (legal, health care)
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You could redistribute the money in America so that every person has an equal amount of money and in 5 years those that were rich will be rich again, those that were poor will be poor again.
I agree but, have always given it 15 years to cycle.
You could redistribute the money in America so that every person has an equal amount of money and in 5 years those that were rich will be rich again, those that were poor will be poor again.
I always loved that divine right theory.
It wasn't the poor people that gave their money to Bernie Madoff.
Is is a good thing the people with money are spending it.
Things could be worse if they did not keep buying.
NO. You don't get it. You can't spend $$ you don't have.
What this country needs is a way to produce more goods that can be sold so we will have more $$ to spend. Right now all the government is doing is getting practically free $$ from the Federal Reserve and going out and spending it. By printing $$ they are devaluing our currency which causes inflation to kick in as all of a sudden the money supply doubles. Then you have twice as much money to pay for the same amount of goods so prices double. If you don't have a friend like Ben Bernanke at the Federal Reserve, this means the prices of everything go up and cost you twice as much as they used to which means your standard of living goes DOWN.
We have ruined the agriculture and the manufacturing sector in this country by allowing TERRIBLE LAWS that only benefited the government and corporate elites and NOBODY ELSE to be passed....which resulted in the loss of jobs as companies relocated overseas. THANK YOUR WONDERFUL GOVERNMENT and people like AL GORE who was a huge champion of NAFTA which sent corporations and jobs packing for this..
Is is a good thing the people with money are spending it.
Things could be worse if they did not keep buying.
You completely missed the point. The bulk of Americans (lower and middle class) MUST spend money and consume products in order for the economy to function. Two classes didn't work in the Soviet Union and it's not going to work for the US either.
47 million people not pulling their weight.. not paying any income taxes... and you call that "academic" ???????
I call that a travesty.
We need to get those 47 million people working and paying income taxes.
Income tax is just another scam established after the Federal Reserve Act was passed. There was no Income tax before the early 1900's and we had a robust economy and a far higher standard of living than we do now.
Who ever said that conservative comedy doesn't play
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