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.
About 3.6% of people over the age of 25 who have a 4-year college degree or higher are living below the poverty line. That's just under 2 million people...
These people and others like them will work their way up, above the poverty line, into the middle class and someday they may be counted as "rich".
This is how it has always been. You start at the bottom, work your way to the middle and then the top.
The problem with the liberal philosophy - they want to make sure everybody is "even" by circumventing that natural process by stealing from those who are most successful and giving it to those who are not.
And the question raised (again) is why should income tax rates be based on income rather than wealth?
Because in most cases, that wealth didn't come out of nowhere - it was already taxed when it was earned as income, unless it was given an exemption because it was used in a way the government wanted to promote. It's absurd to be taxed on an AGI of $100,000 and save (or invest, etc.) $25,000 of that, only to be taxed on that $25,000 every subsequent year because you didn't spend it on consumables.
And they should be paid according to what the market will pay for non-skilled labor.
Yeah, but someone, somewhere down the line is picking up the rest of the cost in the form of welfare, food stamps, and public housing. If you want them off the system and want them paying more taxes, as you mentioned before, then pay them a better wage.
Again, I want to point out, it's not just the McDonald's worker that is feeling the pinch, but the middle-class worker, who's salary isn't keeping up with the rising cost of living and again health care cost. While executive salaries have gone up really fast over the past few years.
These people and others like them will work their way up, above the poverty line, into the middle class and someday they may be counted as "rich".
This is how it has always been. You start at the bottom, work your way to the middle and then the top.
The problem with the liberal philosophy - they want to make sure everybody is "even" by circumventing that natural process by stealing from those who are most successful and giving it to those who are not.
Foreigners still understand this because they come from real poverty not this idea of poverty passed out as legitimate in our country. I can't count on all my fingers and toes along with all my friends fingers and toes the foreigners that I have met that came from , literally, nothing and achieved more than many who were born into "rich" families. They still understand the American dream as it was meant to be. No there aren't streets of gold but they certainly aren't mostly dirt or jungle roads as in many countries.
Yeah, but someone, somewhere down the line is picking up the rest of the cost in the form of welfare, food stamps, and public housing. If you want them off the system and want them paying more taxes, as you mentioned before, then pay them a better wage.
Again, I want to point out, it's not just the McDonald's worker that is feeling the pinch, but the middle-class worker, who's salary isn't keeping up with the rising cost of living and again health care cost. While executive salaries have gone up really fast over the past few years.
They didn't go up over the past few years they were trying to go back to where they were after the dot-com bust where they were upwards of 500 times the average salary. Then again those people have the best ideas and make companies the most money and they do not do that solely with robotics.
They didn't go up over the past few years they were trying to go back to where they were after the dot-com bust where they were upwards of 500 times the average salary. Then again those people have the best ideas and make companies the most money and they do not do that solely with robotics.
Yeah people like Ken Thompson, Wachovia's former CEO who ran the company into the ground, and yet walked away with a nice multi-million dollar severance package, while a bunch of his workers walked away with virtually nothing, also not to mention having to bail them out with tax payer dollars. Yeah that's good leadership quality alright.
People work hard all their lives, build up their business or nest egg, make the correct decisions to get ahead in life - and those that are not as successful feel that they are somehow entitled to "spread the wealth" of others to themselves.
Well, if you actually bother to read through the press release instead of the most slanted-phrased first paragraph, you see that the top 1% of taxpayers pay an average of 22% of their income, a percentage that's been steadily falling, decade after decade. Wow! How absolutely ruinous and unfair!
The top 1% (incomes over $410,000) pay an average tax rate of 22%
The top 5% (incomes over $160,000) pay 20%
The top 10% (incomes over $113,000) pay 18%
The top 25% (incomes over $67,000) pay 16%
Of course, below that 10% category of Federal tax paid is misleading because it's less indicative of the overall Federal tax burden.
In the 50s, 60s and 70s (you know, back when we had a thriving manufacturing economy) that rate was 50-90% instead of 22% - right up until the capital gains rates changed in their extreme favor.
These people and others like them will work their way up, above the poverty line, into the middle class and someday they may be counted as "rich".
This is how it has always been. You start at the bottom, work your way to the middle and then the top.
The problem with the liberal philosophy - they want to make sure everybody is "even" by circumventing that natural process by stealing from those who are most successful and giving it to those who are not.
thanks to offshoring and outsourcing and the top 1% this is becoming the exception rather than the rule.
i started off in IT making 7$ a hour and worked my way up and eventually made 30$ a hour.
thanks to the rich my job has been outsourced so investors can make money off this exploitation.
so the problem with Republican philosophy is they do everything they can to destroy your chances at making a honest living then have the nerve to blame the person who did what they were supposed to do to succeed.
Yeah people like Ken Thompson, Wachovia's former CEO who ran the company into the ground, and yet walked away with a nice multi-million dollar severance package, while a bunch of his workers walked away with virtually nothing, also not to mention having to bail them out with tax payer dollars. Yeah that's good leadership quality alright.
Apparently you think 15 CEO's are the only ones in America. The millions they got as opposed to the 10's of 1,000's of other CEO's pails in comparison. Steve Jobs for example has made Apple billions upon billions. His $600 million dollar salary is well deserved and the millions who own I-phones would agree. They're the new computer for the business minded individual. The point isn't that the few who destroyed the economy shouldn't be held responsible. It's that the many who keep this country running shouldn't be lumped in with those few. Don't forget many of the same people at the helm during the collapse are still at the helm they just played musical jobs...
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.
