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Old 01-05-2012, 02:08 PM
 
Location: Great State of Texas
86,052 posts, read 80,768,226 times
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Taxing people is not income redistribution. The lower tiers are not going to see that money in their paychecks.
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Old 01-05-2012, 02:10 PM
 
3,815 posts, read 4,135,859 times
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Income inequality isn't good for the rich in the long run. They do need people to buy their products and services, after all. Also, as it turns out, wealth inequality at the level you see in developing countries (coming soon to a US near you) isn't so great either - living in a compound with armed guards surrounded by poor people who want you dead is stressful and leads to eventual decapitation.
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Old 01-05-2012, 02:12 PM
 
3,457 posts, read 3,471,482 times
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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?
The extremely high incomes, (mainly those associated with finance) are crowding out the purchasing power of people in other fields.

Quote:
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?
No.

Quote:
If income equality is the goal then what exactly does that mean and look like?
It just means less inequality, not "pure equality."

In reality it is not just the equality aspect of it, but the fairness aspect of it. We have all sorts of distortions in our economy that favor finance, insurance, and real estate.

the fact that a bond trader earns more than a brain surgeon isn't a product of the "free market," it is a result of decades of government interference.
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Old 01-05-2012, 02:12 PM
 
Location: Sango, TN
24,869 posts, read 23,371,007 times
Reputation: 8661
Quote:
Originally Posted by Interlude View Post
Income inequality isn't good for the rich in the long run. They do need people to buy their products and services, after all. Also, as it turns out, wealth inequality at the level you see in developing countries (coming soon to a US near you) isn't so great either - living in a compound with armed guards surrounded by poor people who want you dead is stressful and leads to eventual decapitation.
Which is the nice thing about our system of government. Usually, we have these fluctuations in the market, but never to the point of cutting off peoples heads.

Crime rate may increase slightly, and congress fights tooth and nail to protect their financial backers. Sooner or later, we usually balance back out, and then another couple of decades of economic growth before we get money pool again.
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Old 01-05-2012, 02:14 PM
 
4,255 posts, read 3,335,680 times
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It dosnt become a problem untill people become obsessed with it instead of trying to find ways to increase their own income. Them it becomes a serious mental problem for them.
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Old 01-05-2012, 02:19 PM
 
3,815 posts, read 4,135,859 times
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Quote:
Originally Posted by Memphis1979 View Post
Which is the nice thing about our system of government. Usually, we have these fluctuations in the market, but never to the point of cutting off peoples heads.

Crime rate may increase slightly, and congress fights tooth and nail to protect their financial backers. Sooner or later, we usually balance back out, and then another couple of decades of economic growth before we get money pool again.
The real income of the working class hasn't increased since the 70s. We've "balanced" that over the years via things like dual-income households and taking on consumer debt, as well as via several bubbles over the years, but people are maxed out. I'd welcome a new option to balance things but really the culprits are a combination of globalization, the gutting of domestic spending by government, and steadiy lowered taxes on the wealthy coupled with tax avoidance by the wealthy and large corporations.
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Old 01-05-2012, 02:22 PM
 
3,815 posts, read 4,135,859 times
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Quote:
Originally Posted by KSUKradio View Post
Instead of raising taxes on one segment of society, if they need to be raised (after all painful cuts have been put in place), EVERYONE's should be raised. That means those who currently pay nothing need to start coughing up a nominal amount.
Either you don't understand marginal utility or you're willfully ignoring it. The first twenty thousand dollars you make are the most important, because you'd starve without them. They're not taxed at all. The next twenty thousand are taxed a little bit, because they're very useful but not absolutely necessary." and so on.

47% of households don't pay any federal income tax at the end of the year (because they're too poor to afford to). That, of course, does not include FICA taxes, or state and local income taxes, or sales taxes, or gasoline taxes, or property taxes...
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Old 01-05-2012, 02:25 PM
 
4,255 posts, read 3,335,680 times
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So when it comes to supporting all the federal gvmt programs, they get a free ride.
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Old 01-05-2012, 02:29 PM
 
3,436 posts, read 2,835,872 times
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It isn't simply about income equality, but moreso about the widening gap between the rich and the poor ans the shrinking middle class. The salaries of the rich have increased approximately 300% over the last 20 years, while the salaries of the middle class have only increased by 4% - with inflation, clearly if we continue on this path, the middle class dies and we become a third world country. When the middle class thrives, the country thives. Also, when Nixon was in office and prior to that, the rich paid a much higher tax rate than they do now. There was a time when any working American could have a good quality of life, that has definitely been lost.
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Old 01-05-2012, 02:31 PM
 
9,856 posts, read 14,644,916 times
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Quote:
Originally Posted by padcrasher View Post
LOL ...the Zombie lie that 40% of American pay no taxes!......LOL

I told the forum this bogus lie comes up weekly........Cha-ching!


Utter ignorance or blatant dishonesty? .............You decide.
So you disagree that over 40% of people in this country work and pay no income tax?

Educate me then. In 2011 it was 46%, specifically. If you disagree, prove me wrong instead of throwing around inane phrases and overusing periods.
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