Quote:
Originally Posted by Gtownoe
I'm starting this thread to discuss the Economic impact our current income distribution has on our economy.
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You mean you’re starting this thread to push disinformation.
We can start with your misuse of the word “Income.”
Earnings are Income, but Income is not limited to Earnings. Earnings are wages/salaries.
Income includes Earnings, yet someone may have Income of $100,000 per year without working a single day --- that is to day they have no Earnings….no wages and no salary.
Income includes --- but is not limited to --- monies derived from Wealth, where Wealth equals assets. Income may be derived from non-asset/non-Wealth sources. Alimony is an example of Income. So is any type of structured settlement through insurance or litigation.
Quote:
Originally Posted by Gtownoe
Does the current income distribution in our country hurt business?
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The question is irrelevant.
Income is distributed by choice.
Table 1.4 All Returns: Sources of Income, Adjustments, and Tax Items, by Size of Adjusted Gross Income
Bracket: $25,000 under $30,000
# of Returns Filed: 8,950,075
Adjusted Gross Income: $245,309,107,000
Wages/Salary: $193,814,226,000
Source:
Statistics of Income--2010 Individual Income Tax Returns Internal Revenue Service Washington, DC
Income: $245,309,107,000
-Wages: $193,814,226,000
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Wealth $51,494,881,000…………..and yes, that’s $51.9 Billion just for the $25,000 to $30,000 AGI Crowd.
You see…..Wealth is a matter of personal choice…you either choose to build Wealth…or not.
Quote:
Originally Posted by Gtownoe
Would an economy where the Middle and Lower class have more disposable income be better?
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In great propagandistic fashion you just glossed over to Disposable Income.
Disposable Income is also a matter of personal choice.
Quote:
Originally Posted by Gtownoe
I believe more incentives should be given to businesses to invest in their employees.
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What does the employer get in return?
Why should I spend $20,000 to train you, only to have you jump ship to a competitor?
You need to invest in yourself, not your employer…..it is you who need to sell your skills, not your employer.
Quote:
Originally Posted by Gtownoe
If you go to the grocery store and look at the items on the shelves, they're distributed by a handful of corporations. Beverages, the same. Fast food, the same.
Most of our industries are dominated by a handful of bloated conglomerates.
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That’s what Americans wanted…..Americans have spoken and voted….democracy rules.
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Originally Posted by Gtownoe
One of the 1st lessons we learned in Econ class.
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You should file a lawsuit for fraudulent misrepresentation.
Quote:
Originally Posted by Gtownoe
Put money in the hands of the poor and they'll spend it.
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That’s because the poor are stupid…..what did you say earlier? Oh, yeah….
Quote:
Originally Posted by Gtownoe
I'm starting this thread to discuss the Economic impact our current income distribution has on our economy.
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You can spend money, or build Wealth in order to generate Income, but you cannot spend money and build Wealth at the same time.
Quote:
Originally Posted by Gtownoe
The whole concept of this thread has gone right over the heads of many posters.
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The concept was ostensibly Income Distribution, which you botched, because you don’t understand the definition of Income, or that income is a matter of personal choice.
Quote:
Originally Posted by Gtownoe
Was it really necessary for Butkus and PGHQuest to come in and ruin a completely good thread?
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Seriously, the thread sucks. There is nothing substantive and no evidence.
Quote:
Originally Posted by Gtownoe
Here's a comparison of income inequality by country.
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Income Inequality is an Oxymoron, just like Sex Inequality, Intelligence Inequality, Divorce Inequality and Weight Inequality.
Quote:
Originally Posted by Gtownoe
It's basic Economics.
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Uh, basic economics is the reason you have no jobs in America, and wages are flat/declining.
Quote:
Originally Posted by Gtownoe
I'm not for a massive redistribution of wealth and don't believe in taking people's hard earned money, but I do believe in policies that encourage employers to invest back into their employees. The allocated resources will be taxed (as income tax) and then re funnelled back into the economy.
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There’s no point investing in employees. In case you’ve forgotten, this is
post-Industrialized America.
Quote:
Originally Posted by Gtownoe
That's not true either.
First, how do you determine their "worth?”
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The Laws of Economics via Supply & Demand determine the value/worth of anything, and that includes Labor. How did you put it? Oh, yeah…
Quote:
Originally Posted by Gtownoe
It's basic Economics.
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Quote:
Originally Posted by Gtownoe
Wages have been stagnant nationwide for quite some time now.
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Source:
http://isites.harvard.edu/fs/docs/ic...hapter%204.pdf
Ooops…
Wages are rising in Los Angeles, and not just Nominal Wages, but Real Wages.
Quote:
Originally Posted by Gtownoe
I'm not talking about for myself. However, some of us are worried about the well being of ALL.
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Just a reminder…self-appointed Saviors usually end up getting crucified (or burnt).
Quote:
Originally Posted by Gtownoe
I'm looking at the Macro Economy.
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Why would you want to do something stupid like that?
What does the illegal National Government tell you? They claim the so-called "poverty level" is $11,500 for one person (CONUS excluding Hawaii and Alaska), but the funny thing is Reality.....
$11,500 equals $6038.85 per year in Cincinnati
$11,500 equals $21861.80 per year in San Fransisco
In other words, due to the fantastic differences in the cost-of-living throughout the entire United States, a person in Cincinnati is not impoverished unless their Income is below $6,000 yet someone living in San Francisco is in poverty at $21,000.
Did you happen to take that into account with your propaganda Income Distribution? Let's look at two persons each receiving Social Security benefits of $1,100 per month (the average in the US)...
equals $25,115 per year in Cincinnati and is 4.1 x greater than the "Federal" (snicker) Poverty Level
equals $9,132 per year in San Fransisco and is 2.4 x below the "Federal" (snicker) Poverty Level
Do you not see, uh, you know, "inequality?"
That's the Great Paradox....for you see....you cannot stop a stupid person from squandering their money satiating an infantile desire instead of using their money to acquire and build Wealth, but you can stop the grotesque inequality created by the illegal National Government.
So why don't you?
Why do you all insist upon perpetuating such a grotesque injustice?
Quote:
Originally Posted by Gtownoe
I want this country to have a strong and healthy future.
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That is not possible for the very same reasons I mentioned way, way, way back in 2007.
This is 2013. When are you figure it out?
Quote:
Originally Posted by Gtownoe
For example, if Krogers has 100,000 employees, brings in self-checkout, and then only needs 80,000 employees, the remaining employee's pay should not be affected. In fact, depending on Kroger's competitors and their internal financial stability, the remaining workers pay could actually increase.
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No, that’s wrong.
Wages are determined by the Laws of Economics via Supply & Demand, not fantastical aquatic ceremonies.
Did those “self-checkout” machines fall out of the sky and land in Kroger stores?
Did Krogers hire Chief Electronic Squatting Bear to have a pow-wow and perform the “Self-Checkout Machine Dance” so the machines would magically appear in Kroger stores?
Or did Krogers buy those machines?
And what does it cost to maintain and repair those machines?
Educationally...
Mircea
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