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People need to stepup and correct the educational lag we se I our schools for last few decades. The dropout rate and lowering of standards needs to go. Neither government or throwing money at it has or will work ;its up to people. Without that the income gap will just continue to grow.
We've threw money at this for years and what did we get in return for our investment. High crime, single mothers with multiple kids, deadbeat dads and blacks who still think Americans owe them. No more throwing money at it, it was tried, no more whining, now it's their turn to help themselves.
Income inequality ( regardless of race) is the norm. Middle class is primarily a manufactured state and requires laws/ subsidies to sustain it. Competition and technology have been whittling away at the middle class for decades. 2000-2010 is viewed as the lost decade.
Okay, so we take more money from the rich, that's totally doable. But how do we get those perpetually stuck in the safety nets back into a productive existence? There's many variables to this problem.
That was the intent of the 1996 Welfare Reform and Employment Act. Specifically, to continue to be eligible for TANF, one had to be employed at least 20 hours a week. I recently read in the CATO Report that about 80% of those on TANF and employed were working jobs subsidized by federal or state government. There simply are not enough jobs and there have not been for a long, long time. They don't call 2000-2010 the lost decade for nothing.
I just watched the documentary Park Avenue: Money, Power and the American Dream
I appreciated that it tried to be bipartisan, but didn't focus enough on Chuck Schumer shelving the tax reform bill which would have removed the carried interest loophole that the super-wealthy use to keepfrom paying their fair share. He said he'd do one thing, and then did another.
^ Shameful
Hedge fund managers often betting against the U.S. economy and/or their own client's best interests get a unique tax break. Obama wants to eliminate it and use the incremental revenue to pay down the debt.
The wealthy already pay more than their fair share of taxes. People like you need to keep your eyes on your own money, and keep your avaricious and greedy paws out of the pockets of others.
The top 10 percent of taxpayers paid over 70% of the total amount collected in federal income taxes in 2010. That's up from 55% in 1986.
When the folks on the most wealthy lists pay a lower effective tax rate than I and tens of millions of others do, the system is broke.
I appreciated that it tried to be bipartisan, but didn't focus enough on Chuck Schumer shelving the tax reform bill which would have removed the carried interest loophole that the super-wealthy use to keep from paying their fair share. He said he'd do one thing, and then did another.
What is the precise percentage of one's income that is a "fair share"?
Hedge fund managers often betting against the U.S. economy and/or their own client's best interests get a unique tax break. Obama wants to eliminate it and use the incremental revenue to pay down the debt.
How will that happen?
You can confiscate ALL of every rich person's income and it won't balance the budget for any significant length of time.
Then what?
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