The wealthiest 1% close to becoming richer than the entire upper middle class (statistics, borders)
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"upper middle class, pays higher pays higher tax rates"
Come back when the govt collect "rates" instead of REAL MONEY.
Many probably pay MORE in taxes then you make.
They also are the ones who BUY the MOST products which creates JOBS. It is called Trickle Down, which many on the left deny.
Seems more like trickle up since the top 1% have been the largest beneficiaries of income in the last few decades while the middle class has been stagnant.
Spot on. Unsustainable long term. What kept the consumer economy going was the globalization, new markets, billions of new consumers. The irony is, we have trade wars now. Go figure.
Again, who cares?
What’s your moral justification for you to covet other people’s legally earned money?
Seems more like trickle up since the top 1% have been the largest beneficiaries of income in the last few decades while the middle class has been stagnant.
I am sorry but this is 24 karat pure crap.
Like many have told you, if you don’t want the rich to benefit, don’t buy their stuff.
When you buy their stuff voluntarily, you are benefiting the rich and YOURSELF.
I must ask so what if they benefit? How is that your problem?
Speaking of crap: my household, upper middle class, pays higher tax rates than the 0.01%, why is that? How is it ok, that a 1 billion + compensation is subject to a 23.8% when it is CLEARLY a fee for service?
Not only that, but a lot of my tax money goes to causes I don't approve of.
Laws? But of course, the loophole I mentioned above (as just one example) is part of that. Do you want to know who "sponsors" it?
How about everybody pays the same amount? Would you support that?
Seems more like trickle up since the top 1% have been the largest beneficiaries of income in the last few decades while the middle class has been stagnant.
With greater risk comes the possibility of greater reward. The possible returns on investments are exactly correlated with the amount risked. Anyone who has ever placed a bet at the Kentucky Derby or any other sporting event knows that. For example... A winning bet with final odds of 7 to 1. A $2 bet wins $14.00. A $200,000 bet wins $1.4 million. The returns on the winning bet are exactly in proportion to the amount risked on the bet, but the person who bet $200,000 won $1,399,986 more than the person who bet only $2.
It is their lawfully owned money. How is that in anyway your damn business?
Don’t like any of those companies? Don’t buy their products.
You live in a society correct? Who do you think gains more value from the infrastructure and systems that were created by government research and spending? So you support complete free market capitalism correct?
There is a huge difference between an extreme level of poverty and an extreme level of inequity.
There is extreme inequity between a person with $5 million and Jeff Bezosk, but the person with $5 million is still in good shape.
Only under extreme tyrrany will you ever have complete equity.
Why so many liberals would choose everyone in bread lines instead of a system with very low actual poverty is beyond me. This sentiment of, "I'd rather everyone equally poor than someone with more than me" is so selfish.
Trying to argue that extreme inequality and oligarchy is good because the alternative is complete equity and bread lines is a foolish as it gets.
This type of black and white thinking is a big problem in today's politics.
WHY do they NOT get that? It completely defies logic. /smh
The way I see it is that you haven't put anything forth to substantiate your points. Care to provide a point that says that mass inequality is good for society as a whole. That it has no effect on crime. That it has no effect in undermining our democracy. That it can actually lead to fewer choices and competition in certain sectors that wealth and power are concentrated in few hands.
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