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Old 07-17-2014, 08:01 PM
 
Location: Las Vegas,Nevada
9,282 posts, read 6,477,976 times
Reputation: 1531

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Quote:
Originally Posted by Motion View Post
Income inequality is being talked about alot nowdays but what do those who want to end it want exactly? Do they want all people to have equal incomes regardless of job skills and profession? Should an architect and brick layer earn the same to make them equal?

If income equality is the goal then what exactly does that mean and look like?
Any time a leftist needs to get elected or deflect from a real issue.
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Old 07-17-2014, 09:54 PM
 
Location: South Texas
4,246 posts, read 3,821,317 times
Reputation: 6047
Quote:
Originally Posted by greywar View Post
Maybe you should study history more. Its a shame they dont seem to teach it well these days.
I've been watching it unfold since I graduated almost 20 years ago.


Quote:
Originally Posted by oberon_1 View Post
1) Why was there need to resurrect this thread from among the dead?
2) How is income inequality (misleading term indeed) a "smoke screen"? Is it factually incorrect, or a lie?
3) the greatest "wealth redistribution" already took place in America during the last 30 years. That is solid fact. If this trend can ever be reversed, still remains to be seen.
1. Because "income inequality" is a current issue.
2. It is a smokescreen because it is a non-issue that the left insists is an issue so that they can use it as a selling point for wealth (downward) redistributionist policies to solidify and expand their voting base.
3. It really started in the early 1900s with Teddy Roosevelt's New Nationalism, Wilson's New Freedom, and the ratification of the 16th Amendment, followed by the the New Deal in the mid 1930's. But it really shifted into overdrive in the 60s with the Great Society, the War On Poverty, the Social Security Act of 1965 (which created Medicare and Medicaid), the Food Stamp Act of 1964, etc. Lastly, the EITC was enacted in 1975.

Let's not forget the other side of the coin, with top marginal tax rates being 91% or higher from tax years 1944-1963, and remaining at or above 70% until tax year 1981.

The reason that "income inequality" is a smokescreen is because it diverts people's attention away from the fact that the current tax code favors the very wealthy (including politicians) at the expense of the middle class.
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Old 07-17-2014, 10:06 PM
 
Location: Barrington
63,954 posts, read 43,684,080 times
Reputation: 20627
What nation does not have income inequality??

When in US history did it not experience income inequality.

Wealth and poverty is the natural order of an economy. Middle class is mostly a government manufactured state.
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Old 07-17-2014, 11:03 PM
 
Location: Atlanta, Ga
2,488 posts, read 2,363,785 times
Reputation: 2047
When Does Income Inequality Become A Problem?

When most people can't afford to spend money in the economy because everything they have is going into rent or bills. You know, like what's happening now
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