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Nice putting words in someone's mouth. Much of the reason for stagnant incomes is due to the fact masses of impoverished individuals in the developing world have risen out of the direst poverty.
Another reason is that the no/low-income no/low-skill labor class in the U.S. is over-reproducing, forcing downward pressure on wages.
How is that sustainable going forward? What's the plan for paying to support all those additional people, 70% of which are likely to need some or several forms of public assistance for life?
Let's take a look at the enormity of the problem using a numerical example...
Because we now have nearly 50% Medicaid births, we'll do a 1 to 1 comparison: 1 million receiving public assistance, 1 million not receiving such, the latest published birth rate numbers for each group (halved because the rates were reported for women only), and the formula for predicting future population: future value = present value x (e)^kt, where e equals the constant 2.71828, k equals the rate of increase (expressed as a decimal, rate taken from the U.S. Census data), and t is the number of years.
After 20 years, the population of those not receiving public assistance will have grown from 1 million to 1.75 million.
After 20 years, the population of those very likely needing public assistance will have grown from 1 million to 4.953 million, 3.467 million of which will never rise above poverty.
1.75 million paying taxes to support social programs for 3.467million after just 20 years. The poverty class is growing at twice the rate of everyone else.
And that's not even counting the millions of poor illegal immigrants to which Obama's EO will give work permits.
All of that keeps wages down for all but the most accomplished, who are therefore relatively rare. Supply and demand. Very basic concept.
3.5 billion people are struggling to survive while 80 people have more wealth than anyone on this board could possibly imagine.
Of course, this is obviously just an excuse for lazy, selfish liberals to steal money from the poor innocent billionaires, who obviously deserve what they've earned through hard work and sacrifice.
I think we should give the billionaires more tax cuts.
Before you grab the pitchforks and torches to get those evil 1%, step back and look at US government and monetary policy to see how the equation became so lopsided. It may surprise you.
but that would require that some people actually do work and then think about that work, rather than just complain about the disparity, so that wont happen.
How is that sustainable going forward? What's the plan for paying to support all those additional people, 70% of which are likely to need some or several forms of public assistance for life?
Let's take a look at the enormity of the problem using a numerical example...
Because we now have nearly 50% Medicaid births, we'll do a 1 to 1 comparison: 1 million receiving public assistance, 1 million not receiving such, the latest published birth rate numbers for each group (halved because the rates were reported for women only), and the formula for predicting future population: future value = present value x (e)^kt, where e equals the constant 2.71828, k equals the rate of increase (expressed as a decimal, rate taken from the U.S. Census data), and t is the number of years.
After 20 years, the population of those not receiving public assistance will have grown from 1 million to 1.75 million.
After 20 years, the population of those very likely needing public assistance will have grown from 1 million to 4.953 million, 3.467 million of which will never rise above poverty.
1.75 million paying taxes to support social programs for 3.467million after just 20 years. The poverty class is growing at twice the rate of everyone else.
And that's not even counting the millions of poor illegal immigrants to which Obama's EO will give work permits.
All of that keeps wages down for all but the most accomplished, who are therefore relatively rare. Supply and demand. Very basic concept.
Very well thought out and detailed post. Unfortunately it will go right over the heads of those who will be most impacted by this. Basic math seems to escape them.
HOW making the rich pay more in taxes makes me richer or the poor richer.
If I am paying 28% federal income tax, and the rich are paying 48% tax, tell me how if they pay 50, 60 or 65% in tax that makes me rich.
I make 86k a year after taxes I make much less and live in NJ.
You know if I could keep more of my money and pay less in taxes that would be MAKING ME EARN the money I EARN and the government doesnt have to GIVE IT TO ME that is my salary.
I would love to know how taxing the rich who pay my salary is some how making me richer. Are you saying that the government is going to lower my taxes to 20% and increase the tax on rich to 60% to make up the difference. Just sounds like we are moving money around to make it look like government is helping me when in the end the entire 86k I make is really actually mine and the less they tax of it and the MORE fair to all other tax payers would be to pay a LOW income tax of like 10%.
I would seem to me if we lowered taxes for everyone to 10% I would be richer, the rich would be richer and the poor who live off welfare checks would continue to get the same FREE stuff they always get not to do any work so in the end we arent going to give them BIGGER welfare checks.
Or maybe government would be upset because they couldn't build a bridge in iraq, give money away to everyone who breathes in other countries and find new ways to spend more then they take in.
Sounds like the 1% are rich, the rest of us who are "struggling" as some people call it, in most cases are NOT because the 1% are rich. The 1% pay our salaries, invest and in most cases probably help the poor more then the government. The only ones who take money from the salary is government. Government is taking from me, they have laws that tax me, they have mandates that tax me, of which they have guns that enforce that and requires JAIL time if not paid. So of all the things in the world that effect my income its government last time I checked it was a rich guy paying my salary not the government.
Last edited by LibertyandJusticeforAll; 01-21-2015 at 09:42 AM..
HOW making the rich pay more in taxes makes me richer or the poor richer.
If I am paying 28% federal income tax, and the rich are paying 48% tax, tell me how if they pay 50, 60 or 65% in tax that makes me rich.
I make 86k a year after taxes I make much less and live in NJ.
You know if I could keep more of my money and pay less in taxes that would be MAKING ME EARN the money I EARN and the government doesnt have to GIVE IT TO ME that is my salary.
I would love to know how taxing the rich who pay my salary is some how making me richer. Are you saying that the government is going to lower my taxes to 20% and increase the tax on rich to 60% to make up the difference. Just sounds like we are moving money around to make it look like government is helping me when in the end the entire 86k I make is really actually mine and the less they tax of it and the MORE fair to all other tax payers would be to pay a LOW income tax of like 10%.
I would seem to me if we lowered taxes for everyone to 10% I would be richer, the rich would be richer and the poor who live off welfare checks would continue to get the same FREE stuff they always get not to do any work so in the end we arent going to give them BIGGER welfare checks.
Or maybe government would be upset because they couldn't build a bridge in iraq, give money away to everyone who breathes in other countries and find new ways to spend more then they take in.
Sounds like the 1% are rich, the rest of us who are "struggling" as some people call it, in most cases are NOT because the 1% are rich. The 1% pay our salaries, invest and in most cases probably help the poor more then the government. The only ones who take money from the salary is government. Government is taking from me, they have laws that tax me, they have mandates that tax me, of which they have guns that enforce that and requires JAIL time if not paid. So of all the things in the world that effect my income its government last time I checked it was a rich guy paying my salary not the government.
Taxation won't solve this. What we need is a reset of the system like we had 70 years ago. Exponential growth is not sustainable. There is nothing in our world that can grow exponentially forever. I just hope this won't end in a World War like it did 75 years ago.
How does a billionaire having over $1 billion in net worth affect the life of anyone posting on this board?
I'll use Bill Gates as an example. Can someone explain to me how Bill & Melinda Gates being billionaires affects my life in any way whatsoever outside of his tenuous connection to Micro$oft, which is a company I buy a few specific products from?
How does a billionaire having over $1 billion in net worth affect the life of anyone posting on this board?
I'll use Bill Gates as an example. Can someone explain to me how Bill & Melinda Gates being billionaires affects my life in any way whatsoever outside of his tenuous connection to Micro$oft, which is a company I buy a few specific products from?
Well they have the Bill and Melinda Gates Foundation and are considered very generous people so I doubt too many people have a problem with them. Plus they didn't really get wealthy by taking advantage of anyone Microsoft was a big part of how computers evolved.
A related statistic is that of the 100 largest economies in the World today there are more Nation-less Corporations than entire Nations-this is a first.
Supporting the global elite is a threat to the sovereignty of nations everywhere-very much including The USA.
How does a billionaire having over $1 billion in net worth affect the life of anyone posting on this board?
I'll use Bill Gates as an example. Can someone explain to me how Bill & Melinda Gates being billionaires affects my life in any way whatsoever outside of his tenuous connection to Micro$oft, which is a company I buy a few specific products from?
The Gates don't seem that bad, but Bill does own about $25 Million worth of shares in Monsanto-a nation-less corporation that has infiltrated our Government and imposed it's patented product on the general populace.
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