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I've heard it postulated that the few rich people who make it into heaven become the bathroom janitors.
If that's the case...I hope they have TACO BELL up there too.
^Income inequality also lowers growth because when the very wealthy increase their consumption it’, on goods that are pure luxury instead of goods that increase wellbeing. For example a poor person who sees an influx in income will more likely spend that income on healthcare, healthier food, or other goods that have investment returns, while a rich person is more likely to get jewelry, or private jets.
^Income inequality also lowers growth because when the very wealthy increase their consumption it’, on goods that have productive constraints.
For example a poor person who sees an influx in income is more likely to purchase basic goods like clothes, food, or appliances whose production can be increased easily via more labor harvesting, while a rich person is more likely to buy collectable items, beach front properties, or wines from a special region all goods whose production cannot be increases purely by increases labor or harvesting.
The rich don't work hard.
The poor do.
^Income inequality also lowers growth because when the very wealthy increase their consumption it, on goods that are pure luxury instead of goods that increase wellbeing. For example a poor person who sees an influx in income will more likely spend that income on healthcare, healthier food, or other goods that have investment returns, while a rich person is more likely to get jewelry, or private jets.
^Income inequality also lowers growth because when the very wealthy increase their consumption it, on goods that have productive constraints.
For example a poor person who sees an influx in income is more likely to purchase basic goods like clothes, food, or appliances whose production can be increased easily via more labor harvesting, while a rich person is more likely to buy collectable items, beach front properties, or wines from a special region all goods whose production cannot be increases purely by increases labor or harvesting.
I have a question or two there are many Democrats who make far more than I do how much or what percent of their wealth am I entitled to and why?
When you ask one of them--how much of someone else's money do they feel would be fair to "confiscate"--none of them can come up with an answer.
Currently--there are 220,000 people in this country that make 1 million and over per year--out of a working population of 164 million. So if you take every cent of the 220,000 and divide it by 164,000,000 million people--how much would each one of us get out of it?
Someone needs to figure out--how much money we would all get by taking the rich guys money away from them--and dividing it among us?
. . . .The USA has by far more millionaires than any other country and is INCREASING its nunber of millionairs by an average whopping 15% per year. Currently we have more than 4.7 million millionaries and most of those are first generation millionaires. Unlike all other countries, there is no 'caste' system here that discourages or makes it more difficult for anybody to become wealthy when they aren't born into it.
The only capitalist place, not even a country, that is increasing millionaires by a greater percentage (19+ percent per year) is Hong Kong where the 8.8% of the population who are millionaires control a whopping 73% of the wealth.
Our millionaires control about 56% (by some estimates) of the nation's wealth mostly because they control our largest corporations.
Compare that to China who have only 670,000 millionaires--all government dignitaries--in a population of 1.3 BILLION. There the millionaires control more than 50% of the national wealth with the government controlling most of the largest corporations. China is also increasing their millionaires by 30% per year so you can expect their ratio of wealth between rich and poor to exceed our own in the near future, and most of the wealth will be controlled by those in government.
Source: Countries with the Most Millionaires - Yahoo! Finance
China and the USA do share one common statistic though. Your chances of becoming a millionaire increase by a huge factor if you are able to land a good government job.
But the rank and file poor in China have little chance to become rich there.
There is absolutely no limit and there are no barriers in the USA for those who stay out of legal troubles, get a real education, are willing to put in their time in McJobs to acquire a work ethic, references, and acquire marketable skills, and who are earning a living wage and get married before having kids.
Some on the left are doing their damndest to deny that fact and make us more like China or Europe or Japan. They would take away the sky-is-the-limit possibilities our Founders gave us with a Constitution that made us free people instead of subservbiant to a king who would decide what we would be entitled to have or achieve.
In the USA, most of the truly poor are perpetually poor because they are trapped in the entitlement mentality. You don't want so many poor people? Correct that.
I have read from numerous sources though, and have never seen any rebuttal from any source, that if we confiscated ALL the wealth of those 220,000 people, it would run the U.S. government at most a few weeks.
I don't know how much each of us would get and have absolutely no interest in gathering the numbers necessary to do the math.
In addition, wealth is unevenly distributed, with the wealthiest 25% of US households owning 87% of the wealth in the United States, which was $54.2 trillion in 2009.
In 2007 the richest 1% of the American population owned 34.6% of the country's total wealth, and the next 19% owned 50.5%.
Corporations worldwide don't give a crap about nations, and haven't for a very long time. They will always do what is in their best interest, not ours.
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in addition, wealth is unevenly distributed, with the wealthiest 25% of US households owning 87% of the wealth in the United States, which was "$54.2 trillion" in 2009.
You can take ALL of thier wealth to boot. At the rate this Government has spent...and is spending...and the unmandated obligations?You can tax the bejeesus out of the rich and you will not have solved the actual problem that caused wealth inequality
All you will have succeeded in doing is punishing the just and the unjust alike. And the unjust will only steal more from you to make up for the extra taxation.
Idiots.
You can take ALL of thier wealth to boot. At the rate this Government has spent...and is spending...and the unmandated obligations?You can tax the bejeesus out of the rich and you will not have solved the actual problem that caused wealth inequality
All you will have succeeded in doing is punishing the just and the unjust alike. And the unjust will only steal more from you to make up for the extra taxation.
Idiots.
The take would run government for what 6-9 months?
And after that runs it's course? What then?
The rich don't work hard.
The poor do.
"There is absolutely no limit and there are no barriers in the USA for those who stay out of legal troubles, get a real education, are willing to put in their time in McJobs to acquire a work ethic, references, and acquire marketable skills, and who are earning a living wage and get married before having kids."
Nice thought. Not reality. Simply not the truth. In order to hit it big, you have to already have alot of money. I could have worked 14 hour days when I was very actively running my company. 14 hour days 7 days per week wouldnt have gotten me rich. Then again I chose to pay my employees handsomely at the expense of hiring cheaper labor. Cheap labor to me is anti business, anti american. I do agree with the education part though. Heck I wouldnt hire someone to sweep my floors without at least a 2 year post high school degree. Show me you have the moxy to do that at least. Paying a good worker $25 an hour makes more business sense than paying someone a little less productive $12 an hour. Work quality suffers. Excessive profits are not the end all. Keeping good employees and making sure they are paid a living wage and have job security is what a good business takes into consideration next to profits.
Jesus Christ! I just posted a few posts back evidence that the top 1 percent's wealth would not only pay off the national debt, you would have enough left over to run the country for over three more years!
Where do people come up with this fictional shit about a few weeks or months?
You are full of more bull shit then a Christmas goose. Where on earth do you come up with this crap? Please consult U.S. National Debt Clock : Real Time and explain how you came up with this amazing pile of shit?
