Cons/repubs: you really should be concerned about the disparity of wealth

[Mr. Jones]

It has been an issue since the 1970's that productivity in the lower and middle class jobs have risen, but wages have remained flat. In other words, the "rich" are not earning all of the money that they make.

If those at the top of the income distribution receive far more than the value of what they create, and those at lower income levels receive less, then one way to correct this is to increase taxes at the upper end of the income distribution and use the proceeds to protect important social programs that benefit working-class households, programs that are currently threatened by budget deficits.

This would help to rectify the maldistribution of income that is preventing workers from realizing their share of the gains from economic growth.

Cons/repubs: why does this not bother you? This philosophy that people should keep every cent they make is flawed in the financial system we live in. If you are a blue collar worker, you are being robbed. It's that simple.

And, no, I have nothing agains the wealthy. They deseve to be well paid for what they do, but not nearly to this extent.

This is why libertarian ideas are dangerous.

What disparity of wealth? Show me some numbers so I can use them to prove you have no idea what you are talking about. I am actually willing to use whatever numbers you thyink prove your point rather than go back and repost the numbers I have posted before that already prove it.

The wealthy being paid for what they do..STEAL.

 

[Billy000]

It has been an issue since the 1970's that productivity in the lower and middle class jobs have risen, but wages have remained flat. In other words, the "rich" are not earning all of the money that they make.

If those at the top of the income distribution receive far more than the value of what they create, and those at lower income levels receive less, then one way to correct this is to increase taxes at the upper end of the income distribution and use the proceeds to protect important social programs that benefit working-class households, programs that are currently threatened by budget deficits.

This would help to rectify the maldistribution of income that is preventing workers from realizing their share of the gains from economic growth.

Cons/repubs: why does this not bother you? This philosophy that people should keep every cent they make is flawed in the financial system we live in. If you are a blue collar worker, you are being robbed. It's that simple.

And, no, I have nothing agains the wealthy. They deseve to be well paid for what they do, but not nearly to this extent.

This is why libertarian ideas are dangerous.

What disparity of wealth? Show me some numbers so I can use them to prove you have no idea what you are talking about. I am actually willing to use whatever numbers you thyink prove your point rather than go back and repost the numbers I have posted before that already prove it.

The wealthy being paid for what they do..STEAL.

Haha thanks for doing the research for me.

 

[Claudette]

I don't waste my time worrying about what other people make.

I don't waste my time envying what other have.

Not unless its a good looking guy. Now that I can envy. LOL

 

[Sallow]

A simple understanding of the laws of supply and demand go a long way in explaining the root of wage inequality. Over the past few decades the high-tech sector of the US economy has expanded as the manufacturing sector has contracted. Partly due to illegal immigration, the supply of unskilled workers has inflated over these decades while the demand for unskilled workers has fallen. Any time supply rises as demand falls the equilibrium price (wage) drops.

Meanwhile, demand for skilled workers has risen while the supply has not kept pace, hence the equilibrium price (wage) has increased. And by skilled workers I don't mean someone who spent six years getting a liberal arts degree in ethnic studies; we have to import engineers from Asia and other parts of the world to try meet the demand for these skilled workers yet we still have a shortage.

Oh bullshit.

They "import" engineers because they can pay them pennies on the dollar.

 

[Sallow]

I don't waste my time worrying about what other people make.

I don't waste my time envying what other have.

Not unless its a good looking guy. Now that I can envy. LOL

It's not about "envy", it's about parity. Simple as that.

 

[Claudette]

If you say so S.

 

[Oldstyle]

Although I whole heartedly agree with you, Billy...that CEO's are making more than they should the answer to that isn't having the government seize wealth and redestribute it, it's changing the way in which the pay of CEO's is determined. The way it works now is a board determines executive compensation and most boards are made up of fellow CEO's that vote for each other's pay. Obviously if you're on my board and I'm on your board...we're going to vote each other big raises. That's what's gotten out of control and rasing taxes on the wealthy won't stop that practice because they'll just give each other MORE money to make up the difference.

 

[PoliticalChic]

I don't waste my time worrying about what other people make.

I don't waste my time envying what other have.

Not unless its a good looking guy. Now that I can envy. LOL

It's not about "envy", it's about parity. Simple as that.

Shocking how little you understand about America.

And about history.

 

[midcan5]

Conservative and republican memes are so deeply embedded in their psyche that if they once thought a real thought they'd be so lost they may lose their grounding and fall over in a mental epileptic fit. I think I have actually seen this once when a rep/con realized just a tiny bit of reality. They just kept garbling, 'no, it can't be' over and over again. It was sad to see but fascinating too.

"Many conservatives and libertarians defend the current levels of income inequality on the basis of merit. They claim the rich got rich because they worked harder, longer or smarter than the rest. However, researchers have conducted a vast number of empirical studies on what factors contribute to success, and in what proportion. A classic example of one of these studies is the 1972 book Inequality, by Christopher Jencks. And these studies show that the meritocrat's position is not just arguably wrong, but clearly wrong." The rich get rich because of their merit.

"On moral grounds, then, we could argue for a flat income tax of 90 percent to return that wealth to its real owners. In the United States, even a flat tax of 70 percent would support all governmental programs (about half the total tax) and allow payment, with the remainder, of a patrimony of about $8,000 per annum per inhabitant, or $25,000 for a family of three. This would generously leave with the original recipients of the income about three times what, according to my rough guess, they had earned."UBI and the Flat Tax

 

[Uncensored2008]

It's not about "envy", it's about parity. Simple as that.

Same difference.

You don't care how much YOU have, that someone else might have more is intolerable to you.

It's about greed and envy, which is what the left is based on.

 

[Mad Scientist]

concentration of wealth into fewer and fewer hands kills caplitalism.

I am a capitalist.

I am a democrat.

They ONLY way caplitalism can be kept alive is for there to be regulations to keep the wealth from always concentrating into fewer and fewer hands.

If you truely love caplitalism then you have to want it to survive.

Unfettered capitalism turns quickly into the making of kings and queens.

That my friends is what our founders decided to leave on the trash heap of history.

Hard for anyone to believe you are a Capitalist when you can't even spell it correctly.
Also;
"Unfettered socialism turns quickly into the making of kings and queens."
Fixed. Again.

 

[Mad Scientist]

The wealthy being paid for what they do..STEAL.

If Japan has the best ratio, why has their economy been in the shitter for the last 15 years?

 

[Avatar4321]

The wealthy being paid for what they do..STEAL.

If Japan has the best ratio, why has their economy been in the shitter for the last 15 years?

Because they dont have the freedom American's have.

Id love to see the average pay for the workers in Japan to those in the United States.

 

[Quantum Windbag]

It has been an issue since the 1970's that productivity in the lower and middle class jobs have risen, but wages have remained flat. In other words, the "rich" are not earning all of the money that they make.

If those at the top of the income distribution receive far more than the value of what they create, and those at lower income levels receive less, then one way to correct this is to increase taxes at the upper end of the income distribution and use the proceeds to protect important social programs that benefit working-class households, programs that are currently threatened by budget deficits.

This would help to rectify the maldistribution of income that is preventing workers from realizing their share of the gains from economic growth.

Cons/repubs: why does this not bother you? This philosophy that people should keep every cent they make is flawed in the financial system we live in. If you are a blue collar worker, you are being robbed. It's that simple.

And, no, I have nothing agains the wealthy. They deseve to be well paid for what they do, but not nearly to this extent.

This is why libertarian ideas are dangerous.

What disparity of wealth? Show me some numbers so I can use them to prove you have no idea what you are talking about. I am actually willing to use whatever numbers you thyink prove your point rather than go back and repost the numbers I have posted before that already prove it.

The wealthy being paid for what they do..STEAL.

Funny that the chart you posted has nothing to do with the claims in the OP, is there a reason for that?

 

[Quantum Windbag]

What disparity of wealth? Show me some numbers so I can use them to prove you have no idea what you are talking about. I am actually willing to use whatever numbers you thyink prove your point rather than go back and repost the numbers I have posted before that already prove it.

The wealthy being paid for what they do..STEAL.

Haha thanks for doing the research for me.

Funny that you didn't notice that the research he provided had nothing to do with the challenge I gave you.

 

[Billy000]

The wealthy being paid for what they do..STEAL.

Haha thanks for doing the research for me.

Funny that you didn't notice that the research he provided had nothing to do with the challenge I gave you.

What challenge? You know, I think you are just butthurt because you were unable to come up with an argument to my OP.

UPDATE:

http://www.businessinsider.com/15-c...nt-been-this-bad-since-the-roaring-twenties-1

You know it's amazing what you can find with a simple Google search. You should try it some time.

 

[editec]

The reason our economy is in the shitter right now is because of economic diparity.

I know that confuses some of us.

Nevertheless that is at the heart of the debt crises we're currently in,

 

[dblack]

Conservative and republican memes are so deeply embedded in their psyche that if they once thought a real thought they'd be so lost they may lose their grounding and fall over in a mental epileptic fit. I think I have actually seen this once when a rep/con realized just a tiny bit of reality. They just kept garbling, 'no, it can't be' over and over again. It was sad to see but fascinating too.

"Many conservatives and libertarians defend the current levels of income inequality on the basis of merit. They claim the rich got rich because they worked harder, longer or smarter than the rest. However, researchers have conducted a vast number of empirical studies on what factors contribute to success, and in what proportion. A classic example of one of these studies is the 1972 book Inequality, by Christopher Jencks. And these studies show that the meritocrat's position is not just arguably wrong, but clearly wrong." The rich get rich because of their merit.

"On moral grounds, then, we could argue for a flat income tax of 90 percent to return that wealth to its real owners. In the United States, even a flat tax of 70 percent would support all governmental programs (about half the total tax) and allow payment, with the remainder, of a patrimony of about $8,000 per annum per inhabitant, or $25,000 for a family of three. This would generously leave with the original recipients of the income about three times what, according to my rough guess, they had earned."UBI and the Flat Tax

This position is just as ideologically blind as the 'meritocrats'. Whereas, they assume everyone with an very high income deserves it for some reason, the argument above assumes that every last of them is guilty. If the problem is that there's thieving going on (and I agree there is), then lets put a stop to it. Indulging Robin Hood fantasies might inspire the peasants, but it ignores the real problems.

 

[FA_Q2]

Conservative and republican memes are so deeply embedded in their psyche that if they once thought a real thought they'd be so lost they may lose their grounding and fall over in a mental epileptic fit. I think I have actually seen this once when a rep/con realized just a tiny bit of reality. They just kept garbling, 'no, it can't be' over and over again. It was sad to see but fascinating too.

"Many conservatives and libertarians defend the current levels of income inequality on the basis of merit. They claim the rich got rich because they worked harder, longer or smarter than the rest. However, researchers have conducted a vast number of empirical studies on what factors contribute to success, and in what proportion. A classic example of one of these studies is the 1972 book Inequality, by Christopher Jencks. And these studies show that the meritocrat's position is not just arguably wrong, but clearly wrong." The rich get rich because of their merit.

"On moral grounds, then, we could argue for a flat income tax of 90 percent to return that wealth to its real owners. In the United States, even a flat tax of 70 percent would support all governmental programs (about half the total tax) and allow payment, with the remainder, of a patrimony of about $8,000 per annum per inhabitant, or $25,000 for a family of three. This would generously leave with the original recipients of the income about three times what, according to my rough guess, they had earned."UBI and the Flat Tax

This position is just as ideologically blind as the 'meritocrats'. Whereas, they assume everyone with an very high income deserves it for some reason, the argument above assumes that every last of them is guilty. If the problem is that there's thieving going on (and I agree there is), then lets put a stop to it. Indulging Robin Hood fantasies might inspire the peasants, but it ignores the real problems.

Not to mention that it ignores the effect that such a tax should have on the economy. Not only is it assuming that the 70 percent does not affect the tax collection and it WILL, but also that redistributing 25k to every family will make that same 25k next to worthless. Simply taking from one and giving to another is not going to fix the problems and I don't know how many times history has to show them before they will understand why....

 

[FA_Q2]

Haha thanks for doing the research for me.

Funny that you didn't notice that the research he provided had nothing to do with the challenge I gave you.

What challenge? You know, I think you are just butthurt because you were unable to come up with an argument to my OP.

UPDATE:

Wealth And Inequality In America

You know it's amazing what you can find with a simple Google search. You should try it some time.

Now how about you take those charts and figures and attach some reasoning to what's happening and develop a solution. Come on, I know you can do more than regurgitate Google....