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What?
Adjusted
Gross
Income
Are we talking about the same thing dude?
That's hardly surprising considering the top 1% rich are richer and the poor poorer than they were under Clinton. Its a result of the growing divide between rich and poor - not tax policy.
I knew that actually, thanks.Then you don't know what the dollar means in terms of a medium of exchange. That dollar represents a unit of value, ....
But it comes from a dollar that I give up. $1 goes to Nick's supplier, $1 to Nick - and $2 comes from me - no net dollars are created.which in Mr.Nick's case is likely pay for his productivity.
The dollar "stores" the value he created.
The government didn't create that value.
Never said it did. The fed creates the monetary base. The value that is assigned to a dollar is determined by the market.
What?
Adjusted
Gross
Income
Are we talking about the same thing dude?
This is why I gave you the story of my ex.
AGI or more accurately, earning potential, doesn't happen by magic. Why do some people make more money than others? Usually, it's because they are smarter or have better organizational skills.
So the amount of hours one worked in 1993 for basic goods such as houses, cars, TV's, computers and food was less than it is now?
What?
Adjusted
Gross
Income
Are we talking about the same thing dude?
This is why I gave you the story of my ex.
AGI or more accurately, earning potential, doesn't happen by magic. Why do some people make more money than others? Usually, it's because they are smarter or have better organizational skills.Yeah.....I think Al Capone & Bernie Madoff BOTH said that!!!
AGI or more accurately, earning potential, doesn't happen by magic.
.Why do some people make more money than others? Usually, it's because they are smarter or have better organizational skills
Not really, we either are born with intelligence or we are not.
And this will directly determine our
Adjusted
Gross
Income
I didn't say that. I said the reason the rich pay more and the poor pay less now vs. under Clinton is because the rich make more and the poor make less. How you got the above statement from that is beyond me.
In the context of what their annual income is, they just have to get paid less money in a year, obviously.For the poor to "make less," it would be necessary for them to have to expend more hours of labor for the same goods.
You're the one claiming that income is directly related to genetic factors instead of actual work and risk taking. There's no better basis for class warfare than that.Those engaged in class warfare, as you are, tend to float the claim of the "poor getting poorer. "
I bring up purchasing power per hour worked as it demonstrates just how utterly false that claim is.
Why do conservatives and libertarians cry for the rich, do you really think they need your tears? Or your assist? The well to do should pay their fair share, they do fine and since they benefit most from the society that supports them and from the consumers, each of us, who are the primary support of a robust economy, they too should pay, not hide behind you wingnuts and your inane analogies which ignore reality.
"The vast majority of academic studies on who becomes rich have found that intelligence and merit are only a part of the reason -- social factors play a huge role as well. Studies of Fortune 500 companies have found that American executives are seeing exploding pay, but there is no correlation between their pay and a company's profitability. In fact, companies with the greatest inequality of pay suffer worse product quality. And many studies have found that societies with the greatest equality generally enjoy the fastest rates of economic growth.
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. (1) 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
As far as the super rich, they only make those enormous sums because of the state, so they are only morally entitled to an enormous sum, but not an absurd sum. The Conservative Nanny State
"Responsible Wealth, a project of United for a Fair Economy, is a network of over 700 business leaders and wealthy individuals in the top 5% of income and/or wealth in the US who use their surprising voice to advocate for fair taxes and corporate accountability. If you're in the top 5% (over $200,000 household income and/or over $1 million net assets) and you care about economic justice, please join Responsible Wealth today!" Responsible Wealth | United for a Fair Economy
AGI isn't earning POTENTIAL is ACTUAL earnings. Do you know what WORDS mean?
Its because they work more and/or get paid a higher rate.
You can be the smartest person in the world but if you don't apply yourself you get zip.
So how much we make is due entirely to our genetics
and that's an argument AGAINST raising taxes on the rich? ??????
lol. You're an idiot.
This is why I gave you the story of my ex.
AGI or more accurately, earning potential, doesn't happen by magic. Why do some people make more money than others? Usually, it's because they are smarter or have better organizational skills.Yeah.....I think Al Capone & Bernie Madoff BOTH said that!!!
You fucking serious??
What does Al Capone have in common with Bernie Madoff??
Great. But what you pointed out isn't TRUE is the problem. Your income is what you are paid in exchange for work you provide, goods you sell or services you render, or risk taken in the market.I pointed out that it is a direct result of the inherent talents or lack of same.
See above.So you think people get paid higher for no particular reason?
Really? What's the annual pay per IQ point?How much we make is due largely to our genetics, though.
Why do conservatives and libertarians cry for the rich, do you really think they need your tears? Or your assist? The well to do should pay their fair share, they do fine and since they benefit most from the society that supports them and from the consumers, each of us, who are the primary support of a robust economy, they too should pay, not hide behind you wingnuts and your inane analogies which ignore reality.
"The vast majority of academic studies on who becomes rich have found that intelligence and merit are only a part of the reason -- social factors play a huge role as well. Studies of Fortune 500 companies have found that American executives are seeing exploding pay, but there is no correlation between their pay and a company's profitability. In fact, companies with the greatest inequality of pay suffer worse product quality. And many studies have found that societies with the greatest equality generally enjoy the fastest rates of economic growth.
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. (1) 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
As far as the super rich, they only make those enormous sums because of the state, so they are only morally entitled to an enormous sum, but not an absurd sum. The Conservative Nanny State
"Responsible Wealth, a project of United for a Fair Economy, is a network of over 700 business leaders and wealthy individuals in the top 5% of income and/or wealth in the US who use their surprising voice to advocate for fair taxes and corporate accountability. If you're in the top 5% (over $200,000 household income and/or over $1 million net assets) and you care about economic justice, please join Responsible Wealth today!" Responsible Wealth | United for a Fair Economy
I cry for everyone thats being fucked by government....
I'm mature enough not to loathe someone because they have more than I do.
If people don't have a pot to piss in its THEIR fault not someone elses.
Most "rich" people (250k+) were poor before they were rich.
My mother is a CFO now.... We were poor when I was growing up but my mother and my father slowly progressed financially, now they're "well to do."
I value hard work and have respect for those who take risks in life.... I have little respect for those who cry about being poor but are unwilling to put forth any effort to financially better themselves...
So, instead of buying a 5 dollar lotto ticket, buy a stock or invest that 5 dollars in something.
Yes it is true...
Why the fuck you think all these dolts cant wait until April or May for their fucking tax returns???
Why the fuck do you think the government sends you a check??
How about 47% don't pay any income tax???
Yeah I forgot to include that - so I was wrong there but now I'm right.
Go look it up if you don't believe me.....
I apologize for not being able to read your mind and basing my reply on what you actually wrote, my bad.
I'm starting to wonder if YOU pay taxes. The due date is in April, not May, and someone who was trying to file as early as possible could probably get theirs done in February.Why the fuck you think all these dolts cant wait until April or May for their fucking tax returns???
You can file your taxes whenever you want just as long as its between January and April.
If you file your taxes in say March and if an individual is getting a refund, that check could arrive as soon as the end of April..
My point was that 47% of the working populace receives a tax return - that means they paid little to no taxes. It means their deductions exceeded what was paid to uncle sam.
In short the government is giving the individual back what what the individual already paid in taxes to the government.
In the context of what their annual income is, they just have to get paid less money in a year, obviously.
You're the one claiming that income is directly related to genetic factors instead of actual work and risk taking.
There's no better basis for class warfare than that.
We're talking about tax receipts, not purchasing power, fool.
I was asked why the rich are paying more in taxes now. Its because they fucking make more money now.
Jesus fucking Christ that can't be that hard to get. Even under a flat tax, if the rich MAKE more, they will PAY more and if the poor make LESS they will pay LESS.
Did you finish 5th grade math?
If you include all taxes paid, the system is far less progressive than implied in the federal income tax system. I will post this later.
Great. But what you pointed out isn't TRUE is the problem. Your income is what you are paid in exchange for work you provide, goods you sell or services you render, or risk taken in the market.
Really? What's the annual pay per IQ point?
