Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
The point is that not even the socialist utopian countries can save people from the consequences of the bad life and financial decisions they make and actions they take.
The flaw in your logic is this, The typical black household now has just 6% of the wealth of the typical white household; the typical Latino household has just 8%, according to a recent study called*The Racial Wealth Gap: Why Policy Matters, by Demos, a public policy organization promoting democracy and equality, and the Institute on Assets and Social Policy.
In absolute terms, the median white household had $111,146 in wealth holdings in 2011, compared to $7,113 for the median black household and $8,348 for the median Latino household. (All figures come from the U.S. Census Bureau Survey of Income and Program Participation.)
Wow alot of people making bad individual choices. Id say whole races of people.
No, redistribution is when one party's money is confiscated (taken from them via taxes, etc.) to distribute to someone else.
I sware when i hear this i don't know to laugh or get sick. Obviously there had to be some form of wealth redistrabution before that has made the 1% and the .01% so rich? Don't you think?
Glad that you brought up 401K plans. Those plans are used mainly by the middle class to put money away for retirement. They are an excellent example of how the rich have tilted the scale toward themselves
If you really feel that way, let's completely abolish public employees' pensions (public employees are the largest group of employees in the US). They're VERY dependent on capital gains, corporate profits, etc., to be able to pay out defined benefit pensions. Are you good with that?
Location: Just transplanted to FL from the N GA mountains
3,997 posts, read 4,145,129 times
Reputation: 2677
Quote:
Originally Posted by petch751
they also have this false notion that the money you earn is the governments money. As if a deduction is allowing you to keep government money.
LOL.. The same ones who say their getting a tax refund FROM the government. I just want to scream... NO... Your getting the money that was yours in the first place!
Who are these people that pay "little or no taxes?"
Problem with your graphic in reference to the elderly who pay no federal income tax. Since when is 9.7% 2/3 of 43%?
Your source has completely botched the data.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
