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In a Dec. 16 Gallup poll, 52 percent of Americans called the rich-poor gap “an acceptable part of our economic system.” Only 45 percent said it “needs to be fixed.” This is the precise opposite of what Gallup found in 1998, the last time it asked the question, when 52 percent wanted to “fix” inequality.
...channeling income from rich to poor, Okun wrote, was like trying to carry water in a leaky bucket. He wanted to move money from rich to poor without “leaking” so much economic growth that the whole process became self-defeating.
The president, like Okun, acknowledged that the free market created “prosperity and a standard of living unmatched by the rest of the world.” But he explained the recent rise in inequality too simplistically, as the result of financial deregulation and the “breathtaking greed” it enabled.
And rather than tackle the big trade-off directly, Obama tried to sidestep it. Rising inequality “hurts us all,” he argued, implying that more widely distributed income would essentially pay for itself through higher growth.
Which European country recorded the biggest decrease in inequality between 1985 and 2008? That would be Greece.
Public-sector unions and other interest groups wrap their causes in the rhetoric of equality. Often, what they’re really protecting are privileges that raise the cost of public services to everyone else — including citizens who earn a lot less than civil servants.
Nice opinion piece by Charles Lane
Obamas simplistic view of income inequality
First, the facts...
In a Dec. 16 Gallup poll, 52 percent of Americans called the rich-poor gap an acceptable part of our economic system. Only 45 percent said it needs to be fixed. This is the precise opposite of what Gallup found in 1998, the last time it asked the question, when 52 percent wanted to fix inequality.
now, the opinion...
...channeling income from rich to poor, Okun wrote, was like trying to carry water in a leaky bucket. He wanted to move money from rich to poor without leaking so much economic growth that the whole process became self-defeating.
and now some more facts...
Which European country recorded the biggest decrease in inequality between 1985 and 2008? That would be Greece.
and some more opinions...
Public-sector unions and other interest groups wrap their causes in the rhetoric of equality. Often, what theyre really protecting are privileges that raise the cost of public services to everyone else including citizens who earn a lot less than civil servants.
Nice opinion piece by Charles Lane
Obamas simplistic view of income inequality
First, the facts...
In a Dec. 16 Gallup poll, 52 percent of Americans called the rich-poor gap an acceptable part of our economic system. Only 45 percent said it needs to be fixed. This is the precise opposite of what Gallup found in 1998, the last time it asked the question, when 52 percent wanted to fix inequality.
now, the opinion...
and now some more facts...
and some more opinions...
Public-sector unions and other interest groups wrap their causes in the rhetoric of equality. Often, what theyre really protecting are privileges that raise the cost of public services to everyone else including citizens who earn a lot less than civil servants.
Of course you would use an opinionated source.
Here's the truth about what the wealthy pay in taxes:
PolitiFact | Warren Buffett says the super-rich pay lower tax rates than others
Nice opinion piece by Charles Lane
Obamas simplistic view of income inequality
First, the facts...
In a Dec. 16 Gallup poll, 52 percent of Americans called the rich-poor gap an acceptable part of our economic system. Only 45 percent said it needs to be fixed. This is the precise opposite of what Gallup found in 1998, the last time it asked the question, when 52 percent wanted to fix inequality.
now, the opinion...
and now some more facts...
and some more opinions...
Public-sector unions and other interest groups wrap their causes in the rhetoric of equality. Often, what theyre really protecting are privileges that raise the cost of public services to everyone else including citizens who earn a lot less than civil servants.
Of course you would use an opinionated source.
Here's the truth about what the wealthy pay in taxes:
PolitiFact | Warren Buffett says the super-rich pay lower tax rates than others
Nice opinion piece by Charles Lane
Obamas simplistic view of income inequality
First, the facts...
now, the opinion...
and now some more facts...
and some more opinions...
Of course you would use an opinionated source.
Here's the truth about what the wealthy pay in taxes:
PolitiFact | Warren Buffett says the super-rich pay lower tax rates than others
way to avoid addressing the actual content of the piece. I SAID it was an opinion piece, dipstick.
Given your sig.Of course you would use an opinionated source.
Here's the truth about what the wealthy pay in taxes:
PolitiFact | Warren Buffett says the super-rich pay lower tax rates than others
way to avoid addressing the actual content of the piece. I SAID it was an opinion piece, dipstick.
Yes, a simplistic opinion.
He had to use small words so you'd understand it. He apparently overestimated your intelligence.Of course you would use an opinionated source.
Here's the truth about what the wealthy pay in taxes:
PolitiFact | Warren Buffett says the super-rich pay lower tax rates than others
way to avoid addressing the actual content of the piece. I SAID it was an opinion piece, dipstick.
Yes, a simplistic opinion.
your ideas are historically failed ideas.
Yet again your foolish crap has crashed the world economy.
It has not gone unnoticed by the people.
Your spin is spinning its wheels in the face of facts
How's Greece doing right now?Which European country recorded the biggest decrease in inequality between 1985 and 2008? That would be Greece.
The Right is OK with some people making much more money than other people, as long as everyone is making more than they used to.
The Left wants everyone to be poor and miserable. That is their equality.
The Fallacy of the OPINION piece is that Greece's failure is being caused by the income gap. The failure of the Greek economy is due to the fact that they don't have the GDP to have all those social programs... Same with Ireland.
Look at the strong economies in Europe. They have the ability to support it, and they do... We have the biggest economy on the globe, so the bullshit that "we can't afford it" doesn't hold water.
The Fallacy of the OPINION piece is that Greece's failure is being caused by the income gap. The failure of the Greek economy is due to the fact that they don't have the GDP to have all those social programs... Same with Ireland.
Look at the strong economies in Europe. They have the ability to support it, and they do... We have the biggest economy on the globe, so the bullshit that "we can't afford it" doesn't hold water.
The Fallacy of the OPINION piece is that Greece's failure is being caused by the income gap. The failure of the Greek economy is due to the fact that they don't have the GDP to have all those social programs... Same with Ireland.
Look at the strong economies in Europe. They have the ability to support it, and they do... We have the biggest economy on the globe, so the bullshit that "we can't afford it" doesn't hold water.
Which European country recorded the biggest decrease in inequality between 1985 and 2008? That would be Greece.
The Fallacy of the OPINION piece is that Greece's failure is being caused by the income gap. The failure of the Greek economy is due to the fact that they don't have the GDP to have all those social programs... Same with Ireland.
Look at the strong economies in Europe. They have the ability to support it, and they do... We have the biggest economy on the globe, so the bullshit that "we can't afford it" doesn't hold water.
Indeed. Look at Germany...if not for their social safety net, Germany could have been in much worse shape than they were...and would not have recovered as quickly.
He wanted to move money from rich to poor without leaking so much economic growth that the whole process became self-defeating.
Here's the real fallacy of the piece in the OP:
He wanted to move money from rich to poor without leaking so much economic growth that the whole process became self-defeating.
Decreasing income gaps and increasing income equality INCREASES economic growth. It doesn't "leak" growth.
Uh, no.
Restricting the ability to conduct transactions costs everyone money.
The failure of the Greek economy is due to the fact that they don't have the GDP to have all those social programs... Same with Ireland.
