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Government wouldn't be printing money and devaluing currency IF we had not incurred deficits to give unneeded tax cuts and run two wars. Blame GWB for that. I remember first time he was running, Cheney (that rat) debating Lieberman and saying there was nothing wrong with borrowing money. Handwriting was on the table at that time. GOP used the Treasury as their OWN PERSONAL ATM to steal from Treasury via borrowed money to pay themselves. Sort of like running up a credit card debt and then declaring bankruptcy. It's theft from the creditor. And, now, they are complaining there isn't enough revenue to run the government when they have been DEFUNDING government for 12 years.
Uh..... because last time I checked, that's the title of this thread??
oh please
the 'income gap' has increased world wide.....to include some of the most socialistic countries
its not a USA thing...quit blaming bush...the FACT is it is happening world wide...to include france, canada, sweden, norway, switzerland, italy, ...in fact nearly all of europe...and asia....with MEXICO being the WORST
Location: Moose Jaw, in between the Moose's butt and nose.
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Quote:
Originally Posted by unicane
LOL, this social conservative is sitting in a split level executive on a lake and my children are in private school. You should have more respect for the rich and wealthy who employ you. The reaeaon for the despairity is the great societies hand outs that gave power to the government to steal money from those who would earn it and give it to the lazy, corrupt unions and their own special interests
, this is why I can't watch Faux news and get baffled by cons. The %, even it is was true, of the income pie that unions get, is miniscule, compared to the top 2% who have seen their income skyrocket, while everyone elses has been stagnant, I've seen too many people now, being offered jobs at 10 dollars and hour and saying how that's how much they made starting out 20 years ago....you mean to tell me the COL is the same now as it was 20 years ago?
I admire both Gates and Buffett. They are decent men with a conscience. Buffett himself says the current tax rates are ridiculous when he pays a lower rate than his own secretary.
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oh please
buffett LIED
he only claims an income of 100k
his secretary is a married with children homeowner making 60k who pays nearly ZERO in in federal income tax
Income really is a function of wehat the marklet palce thins your worth. When we have so mnay on dependent governmrnt programs as compensation and when that isn't counted it makes a difference. Plus the changing economy i the last few deacdes emans mnay more don't have the skills of what is required to make eve middle income.One thing you will never convenience me of is that the standard of living regardless hasn't continued to climb.Some of its based on easy credit which also has a effect on income distribution.More and more are finacing more and more which goes thru the financial markets and actually effects not only that but the real wealth.We also have seen people not sving like they did 20 years ago ;building wealth ;';reducing cost from paying no interest. Without wealth its hard to get ahead and just is a spiraling cost.Add crdit card interest rates and what mnay pay;if it where not for many things not costing much more than in past ;peoples standard of living would really go down. If I had had my ending salary when I started work :I'd be rich by now instead of middle. class. Its really surprising what starting early to build wealth can mean compared to spending as it comes in and then paying interest on most everything.Lst I check poverty started at 18000 a year and did not include any governamnt subsidy in that figure.We all are subsidised to a extent if one isold enouhg to remmeber when you paid for mnay cost than now.
WHy don't those people retool, add additional skills to their abilities...geez, vthose who are successful in life are those who grow and make themselves marketable...I always here people playing the victim card, ..why not add an MBA, why not switch to another company, why not get an adidtional certification, ....
Getting an MBA is expensive, I certainly can't afford that.
Government gave corporates all these breaks, tax holidays, etc. and in return corporates claimed that extra money would go to more jobs and lower prices. What really happened was that the prices didn't change much, the jobs went to low cost countries and the corporates kept that money and awarded themselves higher salaries, bonuses and stock options with the incentive to cut even more so they could earn more.
This is not small business mind you but the big boyz, the multi-nationals, the monopolies, the movers and shakers.
Small business is just as screwed as regular employees.
The bigger issue from my view is the govt's controlling stock shares in the mega corps, through corporate governance. From what I can see they are the biggest shareholder's above anybody else. They benefit from shorting in the market, as well. Nowadays it is so hand in glove they aren't even barely feigning some kind of distinction.
This is why they like outsourcing and making Big Bus profitable. On the other side it is also why they may not be real interested in paying out any benefits to you when the time comes. This is what Big Corps do. Maximize profit and minimize expenses.
So are you saying that you'll respect someone that moans and groans that they should be paid more when they ARE doing significantly more than they were yesterday? If so, then you're sympathetic to those you most demonize, since that covers the majority of professional, middle class Americans these days that grumble about these CEOs.
quick question, have those individuals done anything about their situation? No.. then no, I have no respect for them..
Why has the income disparity in US skyrocketed in the past 20 years?
The BS policy sold as "trickle-down" was in reality "suck it up" economics. There are still some millionaires out there who lose sleep over the possibility that someone somewhere still has a dollar that they won't get, though.
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Why has the income disparity in US skyrocketed in the past 20 years?
