Income Inequality: So What?

Thomas Jefferson famously said "But it does me no injury for my neighbor to say there are twenty gods or no God. It neither picks my pocket nor breaks my leg."
I have no doubt that he was wise enough to include his neighbor's earnings in that sentiment.


Let us assume, arguendo, that "income inequality" is a fact.

So what?

Is there evidence that the "income inequality" farrago is simply one more Liberal tale of victimology....aimed at proving that only vaunted 'Big Government" can save us??
Is it simply one more attempt by the Democrats to latch on to greed and envy of human nature, and turn it into votes and power?

Could be?






1. “The most common moral arguments for and against inequality rest on claims about its consequences... If these claims cannot be supported with evidence, skeptics will find the moral arguments unconvincing. If the claims about consequences are actually wrong, the moral arguments are also wrong.”

2. ...Christopher S. Jencks..... a renowned professor of social policy at Harvard, abandoned his 10-year-old project of writing a book about the consequences of inequality on the nation’s health and opportunity, on its politics and crime.
Why? ... [because] specific evidence about inequality’s effects has been hard to find.





3. .... Nobel laureate Joseph E. Stiglitz argues that “we are paying a high price for the inequality that is increasingly scarring our economy... rising inequality is putting a brake on growth and promoting economic instability."

a. .... President Obama’s chief economic adviser, Alan B. Krueger, ... showed that in countries with wider income gaps the children of poor parents were more likely to grow up to be poor adults.

b. ... British epidemiologists Kate E. Pickett and Richard G. Wilkinson .... say that severe inequality undermines social bonds and dashes the health of millions. It contributes to mental illness. It increases obesity and teenage pregnancy. It fosters crime. It lowers life expectancy. These ills don’t affect just the poor. They affect everybody.





4. But does the data really back this up? One problem with these analyses is that they are based on correlations between levels of inequality and variables like life expectancy or the odds of poor children climbing the income ladder. But such correlations can’t prove inequality causes other social ills. They can’t disentangle inequality from the myriad things pushing American society this way and that.

5. “People that worry about inequality for normative reasons have been very quick to jump on plausible hypothesis and a little bit of evidence to make sweeping conclusions about its consequences,..."

a. To avoid misleading correlations and better isolate inequality’s impact, Mr. Kenworthy studied its evolution over time, comparing how changes in income concentration across the world’s industrialized nations related to changes in a whole set of social and economic outcomes, from growth and employment to health and educational attainment.

b. “My tests suggest it seems to be a small player in the overall story.... no meaningful impact of inequality on growth one way or the other.... found no significant relationship between increasing inequality and life expectancy, infant mortality or college graduation rates,..."
Income Equality: A Search for Consequences





And interesting, informative analysis found....surprisingly, in the New York Time!


One finds oneself thinking....how is it that the official organ of Progressive thought is puncturing a prevalent Leftist talking point....

...well, there is more in the article.



Stay tuned....I'll provide it......'I'll report, you decide.'

But last year you tried to blame Obama for the rising gap between the rich and rest of us. And it does matter if the rich get richer and we don't keep up with inflation.

Lets look at Trump's new tax cut bill.

As a result, the Tax Policy Center predicts that in 2027, the average tax cut would amount to $160, or just a 0.2 percent income bump.

This would mean a tiny tax bump for many lower- and middle-class households — the average $50,000 to $75,000 — earning household would have a tax bill that is $30 higher than today. The average household earning more than $1 million would get a cut of more than $23,000.

CHARTS: See How Much Of GOP Tax Cuts Will Go To The Middle Class

So Republicans shouldn't be surprised the rich are getting richer and the middle class is getting poorer. Don't blame Obama when it's policies like this that are creating this gap.

So here the middle class are basically staying the same but the rich just got a lot richer. That's Trump breaking a campaign promise but you don't care right?


Dunces like you have some socialist fallacy embedded, that government has some role in apportioning income.

Couldn't be less American.


See if this helps:


What if everyone starts off with the same amount of money?


“…. by the end of the first year, some people will have more than others. Guaranteed. Some people, you see, will be careful with what they have. Others won’t. Some people will gamble, others will save. Some will spend lavishly, others will be frugal.

Besides that, some people simply have more of the kind of wealth that can’t be redistributed. Intelligence; education; ambition. Drive, as opposed to: aw, we’re gonna get what we’re gonna get anyway, so let’s just stay on the couch and watch TV. Some people will put a little giddy-up in their get-alongs, and will find ways to improve their own lives.

Some of that will be “unfair,” because some people have more and better resources to tap. Intelligence; talent; family. Even accounting for such differences, though: some people will turn what they have into more, while others will not. Therefore, by the end of the very first year (not to mention the first five or ten) “haves” and “have-nots” will appear.

I know what you’re thinking. Crap. I thought we had it this time. Fairness! And this return to economic inequity will happen, I daresay, even under the strictest Communist policies.

I’ll come back to that.

After ten, twenty, thirty years, those discrepancies will widen. A middle class will form. An upper economic class, and a lower economic class. These classes will not be dead ends: people will be able to move from one to another and back again. But they’ll reappear, despite the original, radical redistribution of wealth.

So: let’s take this exercise further. Rather than a one-time redistribution of wealth, let’s redistribute every year. Every April 23 – Michael Moore’s birthday – all wealth is redistributed. All wages set by Central Command. Everyone is as equal as it’s possible to make them. Even individual advantages are nullified.

Not really, but we’ll come back to that, too.

Obviously, that system does away with any incentive to create. It removes any incentive to save; to be frugal; to work hard. Because no matter what you do, what you get is predetermined.

And yet, by April 22 of the following year, some people will still have more than others. And they’ll keep it.

How can that be? Simple. Even state-enforced economic “equality” did not – cannot – make everyone “equal.” It can only change the attributes that are most important to getting ahead.

Sucking up to your superiors becomes more important than working hard. Figuring out which bureaucrats can do the most for you, and ingratiating yourself to them.

Using the power of government to get you ahead, instead of creating, making, building, selling. Improving technical or academic skills? What for? Improving political skills. That’s what makes a difference.

You may recognize a little of our current system there. More and more, becoming a “have” in our society requires entering the bureaucracy, or getting the bureaucracy on your side.

Even the hard working entrepreneurs and innovators among us increasingly need the bureaucracy’s help. Vast mazes of regulations give bureaucracies vast power over both you and your competitors. Government can make or break an industry. Make or break a company. It can increase the cost of entry beyond plausibility, or it can make that cost go away.

In the free market, wealth comes from work. The closer we move toward socialism, the more wealth comes from power. That’s the difference. The similarity: wealth still exists in relatively few hands.”
What if we just gave everybody the same amount of wealth? | John Hawkins' Right Wing News



Wise up, you dope.
A wall of text with nothing but right wing propaganda.

Income inequality why is we have a warfare State and not a welfare State.

We have a Commerce Clause and a Second Amendment. End our alleged wars on crime, drugs, and terror to end our income tax.
 
The vulgarity gives away your angst.

With good reason.....I just proved
a. what an abject failure Hussein was
b. how socialism will always fail
c. what a lying low-life you are.


What more is there to say?
You get dumber with age?


Of course your post bears no relationship to the post I authored.....which leaves only one conclusion: you feel the sting of my intellectual whip....and have no way to respond.


Accept the pain that your ignorance and dishonesty have awarded you.

Think of me as Karma.

Talking to you is an exercise in futility.




Why are you crawling back????

You have no ability to respond, nor refute what I've posted.


Consider yourself dissed and dismissed.
I have no interest in communicating with you because I think you are stupid.


Yet.....you keep coming back.

If we do it again, I'll beat you from pillar to post yet again.

Be sure of it.
 
You get dumber with age?


Of course your post bears no relationship to the post I authored.....which leaves only one conclusion: you feel the sting of my intellectual whip....and have no way to respond.


Accept the pain that your ignorance and dishonesty have awarded you.

Think of me as Karma.

Talking to you is an exercise in futility.




Why are you crawling back????

You have no ability to respond, nor refute what I've posted.


Consider yourself dissed and dismissed.
I have no interest in communicating with you because I think you are stupid.


Yet.....you keep coming back.

If we do it again, I'll beat you from pillar to post yet again.

Be sure of it.
Sure you will doll face. I’ve wasted enough time amusing you
 
Of course your post bears no relationship to the post I authored.....which leaves only one conclusion: you feel the sting of my intellectual whip....and have no way to respond.


Accept the pain that your ignorance and dishonesty have awarded you.

Think of me as Karma.

Talking to you is an exercise in futility.




Why are you crawling back????

You have no ability to respond, nor refute what I've posted.


Consider yourself dissed and dismissed.
I have no interest in communicating with you because I think you are stupid.


Yet.....you keep coming back.

If we do it again, I'll beat you from pillar to post yet again.

Be sure of it.
Sure you will doll face. I’ve wasted enough time amusing you



Why in the world would you imagine (I almost said 'think') that I find ignorance 'amusing'?????


Don't take it personally....
See, I belong to The Alliance for an "Idiot-Free" America, and you're on the to-do list.
 
Thomas Jefferson famously said "But it does me no injury for my neighbor to say there are twenty gods or no God. It neither picks my pocket nor breaks my leg."
I have no doubt that he was wise enough to include his neighbor's earnings in that sentiment.


Let us assume, arguendo, that "income inequality" is a fact.

So what?

Is there evidence that the "income inequality" farrago is simply one more Liberal tale of victimology....aimed at proving that only vaunted 'Big Government" can save us??
Is it simply one more attempt by the Democrats to latch on to greed and envy of human nature, and turn it into votes and power?

Could be?






1. “The most common moral arguments for and against inequality rest on claims about its consequences... If these claims cannot be supported with evidence, skeptics will find the moral arguments unconvincing. If the claims about consequences are actually wrong, the moral arguments are also wrong.”

2. ...Christopher S. Jencks..... a renowned professor of social policy at Harvard, abandoned his 10-year-old project of writing a book about the consequences of inequality on the nation’s health and opportunity, on its politics and crime.
Why? ... [because] specific evidence about inequality’s effects has been hard to find.





3. .... Nobel laureate Joseph E. Stiglitz argues that “we are paying a high price for the inequality that is increasingly scarring our economy... rising inequality is putting a brake on growth and promoting economic instability."

a. .... President Obama’s chief economic adviser, Alan B. Krueger, ... showed that in countries with wider income gaps the children of poor parents were more likely to grow up to be poor adults.

b. ... British epidemiologists Kate E. Pickett and Richard G. Wilkinson .... say that severe inequality undermines social bonds and dashes the health of millions. It contributes to mental illness. It increases obesity and teenage pregnancy. It fosters crime. It lowers life expectancy. These ills don’t affect just the poor. They affect everybody.





4. But does the data really back this up? One problem with these analyses is that they are based on correlations between levels of inequality and variables like life expectancy or the odds of poor children climbing the income ladder. But such correlations can’t prove inequality causes other social ills. They can’t disentangle inequality from the myriad things pushing American society this way and that.

5. “People that worry about inequality for normative reasons have been very quick to jump on plausible hypothesis and a little bit of evidence to make sweeping conclusions about its consequences,..."

a. To avoid misleading correlations and better isolate inequality’s impact, Mr. Kenworthy studied its evolution over time, comparing how changes in income concentration across the world’s industrialized nations related to changes in a whole set of social and economic outcomes, from growth and employment to health and educational attainment.

b. “My tests suggest it seems to be a small player in the overall story.... no meaningful impact of inequality on growth one way or the other.... found no significant relationship between increasing inequality and life expectancy, infant mortality or college graduation rates,..."
Income Equality: A Search for Consequences





And interesting, informative analysis found....surprisingly, in the New York Time!


One finds oneself thinking....how is it that the official organ of Progressive thought is puncturing a prevalent Leftist talking point....

...well, there is more in the article.



Stay tuned....I'll provide it......'I'll report, you decide.'

But last year you tried to blame Obama for the rising gap between the rich and rest of us. And it does matter if the rich get richer and we don't keep up with inflation.

Lets look at Trump's new tax cut bill.

As a result, the Tax Policy Center predicts that in 2027, the average tax cut would amount to $160, or just a 0.2 percent income bump.

This would mean a tiny tax bump for many lower- and middle-class households — the average $50,000 to $75,000 — earning household would have a tax bill that is $30 higher than today. The average household earning more than $1 million would get a cut of more than $23,000.

CHARTS: See How Much Of GOP Tax Cuts Will Go To The Middle Class

So Republicans shouldn't be surprised the rich are getting richer and the middle class is getting poorer. Don't blame Obama when it's policies like this that are creating this gap.

So here the middle class are basically staying the same but the rich just got a lot richer. That's Trump breaking a campaign promise but you don't care right?



Know what the greatest bar to becoming wealthy is??

Government taxation.

Hussein Obama's string of failures proved that.

But he did identify what he called “tactical lessons.” He let himself look too much like “the same old tax-and-spend liberal Democrat.” The Education of President Obama



bg121517dAPR20171215024507.jpg

Companies were doing great last year. Rich people were doing great last year. What was the problem? The only people doing bad were losers like you. Are you doing better today?

You'll see. If Trump gives you $100 a year it will cost you $1000 a year down the road. But you're too dumb to see it. The rich however will do great.

Did you know your tax break eventually fades out? But the rich tax break is permanent. Don't you find that odd? Of course you do not.


gmc15473120171219011600.jpg
 
It is simple income redistribution if it adds to the debt.
Republicans know this but they need a political win even if it is just a win for the rich.

Remember last year Republicans blamed Obama for the widening gap between the rich and poor? And now they go and do this? Wow!!!
 
Thomas Jefferson famously said "But it does me no injury for my neighbor to say there are twenty gods or no God. It neither picks my pocket nor breaks my leg."
I have no doubt that he was wise enough to include his neighbor's earnings in that sentiment.


Let us assume, arguendo, that "income inequality" is a fact.

So what?

Is there evidence that the "income inequality" farrago is simply one more Liberal tale of victimology....aimed at proving that only vaunted 'Big Government" can save us??
Is it simply one more attempt by the Democrats to latch on to greed and envy of human nature, and turn it into votes and power?

Could be?






1. “The most common moral arguments for and against inequality rest on claims about its consequences... If these claims cannot be supported with evidence, skeptics will find the moral arguments unconvincing. If the claims about consequences are actually wrong, the moral arguments are also wrong.”

2. ...Christopher S. Jencks..... a renowned professor of social policy at Harvard, abandoned his 10-year-old project of writing a book about the consequences of inequality on the nation’s health and opportunity, on its politics and crime.
Why? ... [because] specific evidence about inequality’s effects has been hard to find.





3. .... Nobel laureate Joseph E. Stiglitz argues that “we are paying a high price for the inequality that is increasingly scarring our economy... rising inequality is putting a brake on growth and promoting economic instability."

a. .... President Obama’s chief economic adviser, Alan B. Krueger, ... showed that in countries with wider income gaps the children of poor parents were more likely to grow up to be poor adults.

b. ... British epidemiologists Kate E. Pickett and Richard G. Wilkinson .... say that severe inequality undermines social bonds and dashes the health of millions. It contributes to mental illness. It increases obesity and teenage pregnancy. It fosters crime. It lowers life expectancy. These ills don’t affect just the poor. They affect everybody.





4. But does the data really back this up? One problem with these analyses is that they are based on correlations between levels of inequality and variables like life expectancy or the odds of poor children climbing the income ladder. But such correlations can’t prove inequality causes other social ills. They can’t disentangle inequality from the myriad things pushing American society this way and that.

5. “People that worry about inequality for normative reasons have been very quick to jump on plausible hypothesis and a little bit of evidence to make sweeping conclusions about its consequences,..."

a. To avoid misleading correlations and better isolate inequality’s impact, Mr. Kenworthy studied its evolution over time, comparing how changes in income concentration across the world’s industrialized nations related to changes in a whole set of social and economic outcomes, from growth and employment to health and educational attainment.

b. “My tests suggest it seems to be a small player in the overall story.... no meaningful impact of inequality on growth one way or the other.... found no significant relationship between increasing inequality and life expectancy, infant mortality or college graduation rates,..."
Income Equality: A Search for Consequences





And interesting, informative analysis found....surprisingly, in the New York Time!


One finds oneself thinking....how is it that the official organ of Progressive thought is puncturing a prevalent Leftist talking point....

...well, there is more in the article.



Stay tuned....I'll provide it......'I'll report, you decide.'

But last year you tried to blame Obama for the rising gap between the rich and rest of us. And it does matter if the rich get richer and we don't keep up with inflation.

Lets look at Trump's new tax cut bill.

As a result, the Tax Policy Center predicts that in 2027, the average tax cut would amount to $160, or just a 0.2 percent income bump.

This would mean a tiny tax bump for many lower- and middle-class households — the average $50,000 to $75,000 — earning household would have a tax bill that is $30 higher than today. The average household earning more than $1 million would get a cut of more than $23,000.

CHARTS: See How Much Of GOP Tax Cuts Will Go To The Middle Class

So Republicans shouldn't be surprised the rich are getting richer and the middle class is getting poorer. Don't blame Obama when it's policies like this that are creating this gap.

So here the middle class are basically staying the same but the rich just got a lot richer. That's Trump breaking a campaign promise but you don't care right?



Know what the greatest bar to becoming wealthy is??

Government taxation.

Hussein Obama's string of failures proved that.

But he did identify what he called “tactical lessons.” He let himself look too much like “the same old tax-and-spend liberal Democrat.” The Education of President Obama



bg121517dAPR20171215024507.jpg

Companies were doing great last year. Rich people were doing great last year. What was the problem? The only people doing bad were losers like you. Are you doing better today?

You'll see. If Trump gives you $100 a year it will cost you $1000 a year down the road. But you're too dumb to see it. The rich however will do great.

Did you know your tax break eventually fades out? But the rich tax break is permanent. Don't you find that odd? Of course you do not.


gmc15473120171219011600.jpg

People here have shown you how this is actually a tax hike on you stupid. Here's your $2 tax break now I'm going to cut your social security $200. Do you want this? Raise your hand stupid!!!
 
Thomas Jefferson famously said "But it does me no injury for my neighbor to say there are twenty gods or no God. It neither picks my pocket nor breaks my leg."
I have no doubt that he was wise enough to include his neighbor's earnings in that sentiment.


Let us assume, arguendo, that "income inequality" is a fact.

So what?

Is there evidence that the "income inequality" farrago is simply one more Liberal tale of victimology....aimed at proving that only vaunted 'Big Government" can save us??
Is it simply one more attempt by the Democrats to latch on to greed and envy of human nature, and turn it into votes and power?

Could be?






1. “The most common moral arguments for and against inequality rest on claims about its consequences... If these claims cannot be supported with evidence, skeptics will find the moral arguments unconvincing. If the claims about consequences are actually wrong, the moral arguments are also wrong.”

2. ...Christopher S. Jencks..... a renowned professor of social policy at Harvard, abandoned his 10-year-old project of writing a book about the consequences of inequality on the nation’s health and opportunity, on its politics and crime.
Why? ... [because] specific evidence about inequality’s effects has been hard to find.





3. .... Nobel laureate Joseph E. Stiglitz argues that “we are paying a high price for the inequality that is increasingly scarring our economy... rising inequality is putting a brake on growth and promoting economic instability."

a. .... President Obama’s chief economic adviser, Alan B. Krueger, ... showed that in countries with wider income gaps the children of poor parents were more likely to grow up to be poor adults.

b. ... British epidemiologists Kate E. Pickett and Richard G. Wilkinson .... say that severe inequality undermines social bonds and dashes the health of millions. It contributes to mental illness. It increases obesity and teenage pregnancy. It fosters crime. It lowers life expectancy. These ills don’t affect just the poor. They affect everybody.





4. But does the data really back this up? One problem with these analyses is that they are based on correlations between levels of inequality and variables like life expectancy or the odds of poor children climbing the income ladder. But such correlations can’t prove inequality causes other social ills. They can’t disentangle inequality from the myriad things pushing American society this way and that.

5. “People that worry about inequality for normative reasons have been very quick to jump on plausible hypothesis and a little bit of evidence to make sweeping conclusions about its consequences,..."

a. To avoid misleading correlations and better isolate inequality’s impact, Mr. Kenworthy studied its evolution over time, comparing how changes in income concentration across the world’s industrialized nations related to changes in a whole set of social and economic outcomes, from growth and employment to health and educational attainment.

b. “My tests suggest it seems to be a small player in the overall story.... no meaningful impact of inequality on growth one way or the other.... found no significant relationship between increasing inequality and life expectancy, infant mortality or college graduation rates,..."
Income Equality: A Search for Consequences





And interesting, informative analysis found....surprisingly, in the New York Time!


One finds oneself thinking....how is it that the official organ of Progressive thought is puncturing a prevalent Leftist talking point....

...well, there is more in the article.



Stay tuned....I'll provide it......'I'll report, you decide.'

But last year you tried to blame Obama for the rising gap between the rich and rest of us. And it does matter if the rich get richer and we don't keep up with inflation.

Lets look at Trump's new tax cut bill.

As a result, the Tax Policy Center predicts that in 2027, the average tax cut would amount to $160, or just a 0.2 percent income bump.

This would mean a tiny tax bump for many lower- and middle-class households — the average $50,000 to $75,000 — earning household would have a tax bill that is $30 higher than today. The average household earning more than $1 million would get a cut of more than $23,000.

CHARTS: See How Much Of GOP Tax Cuts Will Go To The Middle Class

So Republicans shouldn't be surprised the rich are getting richer and the middle class is getting poorer. Don't blame Obama when it's policies like this that are creating this gap.

So here the middle class are basically staying the same but the rich just got a lot richer. That's Trump breaking a campaign promise but you don't care right?



Know what the greatest bar to becoming wealthy is??

Government taxation.

Hussein Obama's string of failures proved that.

But he did identify what he called “tactical lessons.” He let himself look too much like “the same old tax-and-spend liberal Democrat.” The Education of President Obama



bg121517dAPR20171215024507.jpg

Companies were doing great last year. Rich people were doing great last year. What was the problem? The only people doing bad were losers like you. Are you doing better today?

You'll see. If Trump gives you $100 a year it will cost you $1000 a year down the road. But you're too dumb to see it. The rich however will do great.

Did you know your tax break eventually fades out? But the rich tax break is permanent. Don't you find that odd? Of course you do not.


gmc15473120171219011600.jpg

People here have shown you how this is actually a tax hike on you stupid. Here's your $2 tax break now I'm going to cut your social security $200. Do you want this? Raise your hand stupid!!!


KENNEDY'S MOST FAMOUS WORDS:
“ASK NOT WHAT YOUR COUNTRY CAN DO FOR YOU - ASK WHAT YOU CAN DO FOR YOUR COUNTRY”


Now.....get your paw out of my pocket.
 
"AT&T and Comcast announced that they would give their workforces $1,000 in bonuses following the passage of tax reform that includes a massive cut in the corporate tax rate.

The move comes amid criticism from Democrats and even former New York Mayor Michael Bloomberg that the legislation will exacerbate inequality and that it favors the rich and major corporations.

... the company said that it would invest $1 billion in infrastructure if the legislation was passed. Shortly after the House passed the final version of the bill, the company said that it would provide a $1,000 special bonus to each of its 200,000 employees. At his White House event celebrating the passage of the bill, President Trump touted the AT&T commitment."
AT&T, Comcast Say They Will Give Workers $1,000 Bonuses in Wake of Tax Bill Passage
 
"Wal-Mart Stores Inc. is boosting its starting hourly wage to $11 and delivering bonuses to employees, capitalizing on the U.S. tax overhaul to stay competitive in a tightening labor market.

The increase takes effect next month and will cost $300 million on top of annual wage hikes that were already planned, the world’s largest retailer said Thursday. The one-time bonus of up to $1,000 is based on seniority and will amount to an additional $400 million. The company is also expanding its maternity and parental leave policy and adding an adoption benefit."
Wal-Mart Raises Hourly Wage to $11 in Wake of Tax Overhaul


And don't forget their taxes are lowered as well....

Who did this?
Trump.



"The big-box store chain, which has more than 1 million U.S. hourly employees, will reap a windfall from the U.S. corporate tax rate cut from 35% to 21%."
Walmart boosts minimum wage to $11, hands out bonuses up to $1,000 for hourly workers
 

Forum List

Back
Top