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It is not the wealthy that create an "income gap." The gap is a result of too many people not doing enough for themselves, and relying on government (which has no money, except what it extracts from the private sector) for their monthly hand-out.
Social Security (funded by workers, not government, as many people think) is going bankrupt because of government mismanagement of those funds, which includes borrowing from it, but also doling out money for benefits that SS was never intended to cover, such as disability. Yet Liberals are upset because the Republican Congress daresto suggest that those disability payments should be cut or ended.
That's how the so-called "poor" steal from the rich. And they gladly take what belongs to, and was earned by, someone else.
How do you rationalise this logically? So your saying the 400 people who own more then 65% of the wealth in our country are only that wealthy
The productivity of American workers is at a all time high.
This is true. Business owners have invested heavily in technology and that has boosted productivity.
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Theres been some serious class war going on for the last 40 years. The rich have been winning it hands down. With how many people I see carrying their water for them, I suspect it will continue for a while longer.
The rich always win. They win under socialism. They win under communism. They win when Republicans are in power. They win when Democrats are in power. They are winning now with Obama's programs. Only a fool thinks the rich will not win regardless of who is in power.
That's why focusing on the rich is a waste of time. We need to focus on things that will help the poor move up the income ladder.
Who do you think it is that creates jobs? Barrack Obama?
Every dollar you take out of the private sector is a dollar not invested in the economy. It slows the growth, and fewer jobs are created. What do you think is wrong with the economy right now? Why do you think there are no jobs? Obama's anti-business policies are the reason.
It is pro-business policies that produce a thriving, robust economy, not the redistributive policies of a greedy government. The middle class doesn't need another tax cut. They need jobs! Where are the jobs? And look at how the ACA is soaking them, and reducing their disposable income! Blame your dear leader. Quit supporting this commie, socialist thief! Why do you people continue to believe his rhetoric? He's a Marxist/socialist elitist. He doesn't give a damn about you, and neither do any of the Democrats.
You cannot help the poor by destroying the rich.
...and every dollar the super rich keep hoarded away is not invested in the economy. The biggest boon to the economy is giving low wage workers a raise because they spend every cent of that and put it back into the economy. The rich getting richer helps the country in absolutely no way unless you're a financial advisor or hedge fund manager or something. Yet they are against raising the minimum wage and anything that even begins to close the income gap because they are so selfish.
It is not the wealthy that create an "income gap." The gap is a result of too many people not doing enough for themselves, and relying on government (which has no money, except what it extracts from the private sector) for their monthly hand-out.
How do you rationalise this logically?
It's already a proven fact:
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Originally Posted by InformedConsent
...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.
Maybe they don't mention soros or Buffet because both of them have been trying to get their own taxes raised.
We know that's not true. If they wanted their taxes raised, they would have just written a check. They want two things; 1) to raise lots of other people's taxes and 2) to appear to be empathetic. But they are hypocrites.
because the rest are lazy and don't want to improve on themselves? Do you honestly believe this? Further do you honestly believe that stuff like SSI or Welfare is killing us?
Heres my theory, I think the rest of the 35% of wealth of this country is left to whats left of the population of our country minus 400 people. In my rational, logical thinking it the rest of us 316 million people that are the bottom 50% and poor including you? Why is that? is it because we are all lazy?
...and every dollar the super rich keep hoarded away is not invested in the economy. .
Not true at all. Business expansion (which creates jobs) requires capital. So "hoarding" money absolutely boosts the economy.
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