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wealth inequality is fine, extreme wealth inequality is not. Its a danger to our political leadership, and our society. Its economically damaging.
And there is a law that can rebalance that inequity. The minimum wage law. Set the minimum wage as a fraction of the very top. Pick a number any number but keep it there.
Slavery created gross inequities that have negatively impacted successive generations of descendants of slaves. The resulting "unearned privilege" must be eliminated. Those races who have been historically discriminated against, especially blacks and native Americans, must be made whole. Reparations would be one way to accomplish this.
Income/Wealth disparity is a natural by-product of Slavery and the resulting Conservative efforts to focus on what separates us, not what we all share. Conservatives want to preserve and increase the inequities. Unregulated "liberty" enables them to be bigots as a matter of course, doing what they can to increase the disparities.
Up the minimum wage and keep it going up to take the profit from gutting this country away from the gutters.
Right, because we all know that a $28/hour American is so highly competitive against a $0.60/hour Filipino.
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Originally Posted by djacques
I don't generally debate health care or alternatives to Obamacare because I don't know enough about the subject.
Well, goddam, too bad more people aren't as morally courageous and refreshingly honest as you.
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Originally Posted by djacques
A healthier population is a more productive population.
That's only true in a Zero Level Economy where you need every single person --including children --- working to farm to produce enough food to survive. And it would hold true for a 1st Level Economy to a great extent, but not so much for 2nd Level and above.
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Originally Posted by djacques
The current U.S. system is a very long way from being a welfare state.
The US is insolvent, precisely because it is a Welfare State.
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Originally Posted by djacques
As noted sociologist Alice Cooper explained:
"I can't get a car, 'cause I ain't got a job/I can't get a job, 'cause I ain't got a car..."
That's an excuse, not an explanation.
I walked, biked and rode the bus to work -- often at minimum wage jobs -- to pay my way through university, instead of getting Student Loans.
I shared an apartment, too, with several other people similarly situated. My goal was to set aside enough money not to buy a car, but to live alone while in graduate school (less chance I'd kill someone).
Once I was living alone, my goal was to save enough money to buy a car, which I bought a really cool Ford Thunderbird....used...it was 1994....but it looked good and I was stylin'.
The two Entitlement Generations just aren't willing to make short-term sacrifices for long-term gains.
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Originally Posted by ContrarianEcon
And there is a law that can rebalance that inequity. The minimum wage law. Set the minimum wage as a fraction of the very top. Pick a number any number but keep it there.
You already got debunked on that....but keep wasting band-width....need more CO2 in the atmosphere to drive up the average global temperature at least 10.8°F so that it equals the high global temperature average for the last Inter-Glacial Period.
The government should mandate that all people be paid the same. From the President to the toliet bowl scrubber. We are equal in the eyes of God, we should be equal in the eyes of each other. One for all, all for one. From him that makes too much, take and give to him that makes too little....
I know a Communist country you could emigrate to.......................
Government should be involved in modest redistribution
Absolutely not.
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enough to ensure the entire population has a basic minimum standard of living (food, clothing, shelter).
They can get a job and stop breeding like rabbits.
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Our government policy of the last 30 years has put wind to the sails of the technology revolution income explosion. Naturally, the most talented will get wealthier during booms. They don't need to be rewarded for it by record-low tax rates, tax shelters, barrier entry tax deductions, and other 1% tax loopholes.
And neither should the parasites, leeches and deadbeats of society.
Slavery created gross inequities that have negatively impacted successive generations of descendants of slaves. The resulting "unearned privilege" must be eliminated. Those races who have been historically discriminated against, especially blacks and native Americans, must be made whole. Reparations would be one way to accomplish this.
Income/Wealth disparity is a natural by-product of Slavery and the resulting Conservative efforts to focus on what separates us, not what we all share. Conservatives want to preserve and increase the inequities. Unregulated "liberty" enables them to be bigots as a matter of course, doing what they can to increase the disparities.
Well reparations will never ever happen...So...Yeah.
No we do not Nexus, We just want people to be unleashed by their abilities, and talents not to be bogged down in a regulation state.
So standing for liberty and freedom makes us bigots? Oh Nexus, will you ever learn?
Funny how left wing states have the highest income gaps, is it not?
HOWEVER, it is not the role of government to put wind to the sails. Government should be involved in modest redistribution; enough to ensure the entire population has a basic minimum standard of living (food, clothing, shelter).
Our government policy of the last 30 years has put wind to the sails of the technology revolution income explosion. Naturally, the most talented will get wealthier during booms. They don't need to be rewarded for it by record-low tax rates, tax shelters, barrier entry tax deductions, and other 1% tax loopholes.
Since you think there are so many loopholes, What do you think the effective tax rate is on the top 1%, given individual income tax, payroll tax, corporate tax, and estate tax?
wealth inequality is fine, extreme wealth inequality is not. Its a danger to our political leadership, and our society. Its economically damaging.
Until the federal government has a way to recoup the tax revenue they'll lose by narrowing the income gap (meaning the top 1% loses income share), it will never happen.
Until the federal government has a way to recoup the tax revenue they'll lose by narrowing the income gap (meaning the top 1% loses income share), it will never happen.
You seem to really think its all about the money for the government, and really I just dont see that. At least not in the way you do. I think that redistribution is necessary to some degree to grease the economic engine as it were. That too much concentration will actually cost the government money in the long term.
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Not with Slavery as the foundation
