The Real Causes of Income Inequality

Discussion in 'Politics' started by Conservative, Apr 6, 2012.

  1. Conservative
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    Conservative Type 40

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    great read. very enlightening.

    This is just a sample... go read the piece.
    Gramm and McMillin: The Real Causes of Income Inequality - WSJ.com
    Any analysis of taxes paid in high tax-and-spend countries shows that the U.S. has the most progressive income tax system in the world.
     
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  2. Dragon
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    Dragon Senior Member

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    Many of these statistics are misleading. For example, "When the U.S. collects 16.1% of GDP in income taxes, the top 10% of taxpayers pay 7.3% and the other 90% pick up 8.9%. In France, however, they collect 24.3% of GDP in income taxes with the top 10% paying 6.8% and the rest paying a whopping 17.5% of GDP."

    But this does not address the fact that in the U.S., the top 10% of taxpayers draw in a much larger share of the national income than they do in France. It follows inevitably, barring a HUGELY more regressive tax system, that they're going to pay a larger percentage of the total.

    The correct statistic to use is what percentage of people's income is paid in taxes, not what percentage of total taxes people of a given income bracket pay. The latter is almost completely meaningless.

    The same statistic is misleading in another way, in that it seems to include only federal income taxes (in the U.S.) and French income tax, leaving out both U.S. payroll taxes and French VAT. These need to be factored in for a complete picture.
     
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    Last edited: Apr 6, 2012
  3. SniperFire
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    SniperFire Senior Member

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    That is certainly how a communist looks at it.


    There is nothing 'correct' about your statement.
     
  4. Katzndogz
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    Katzndogz Diamond Member

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    The real cause of income inequality is that people who lay on their ass taking dope and playing video games want to have an equal income to those who get out and hustle.
     
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  5. Dragon
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    Dragon Senior Member

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    Right, obviously. Income inequality has increased so much since the 1960s because more video games have been put on the market. Why didn't I think of that?
     
  6. TorJohnson
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    TorJohnson BANNED

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    Phil Gramm?

    The SAME Phil Gramm that wrote BOTH the Commodities and Futures Moderization Act AND the Gramm-Leach-Bliley Act?
    Commodity Futures Modernization Act of 2000 - Wikipedia, the free encyclopedia
    http://en.wikipedia.org/wiki/Gramm–Leach–Bliley_Act
    Why don't you read what Phil Gramm legislated before you go and tout him as someone worth listening to?

    The same Phil Gramm that DEREGULATED derivatives on Wall Street?
    The same Phil Gramm who turned back Glass-Steagal?
    The same Phil Gramm who now works as a lobbyist for swiss banks?
    The same Phil Gramm that legalized ENRON's trading shenanigans?

    Yeah....let's listen to the guy who is most directly responsible for wrecking our economy.
    Let's listen to the guy who rewrote the rules to let guys like ENRON flourish.
    FACT: Without Phil Gramm, the great crash of 2007 would not have occurred.


    No wonder republicans are seen as such losers. They take advice from people who have completely SCREWED not only themselves but the country.

    My god. Educate yourself before you go spouting these right wing talking points. You make the rest of us conservatives with a memory and a brain look bad.

    Do conservatism a favor and don't try to help it. It doesn't need your kind of ignorance.
     
  7. TorJohnson
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    TorJohnson BANNED

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    Got any PROOF of that statement?

    No?
    Then why bother with it?

    Educate yourself about what we spend and who gets it.
    How much do we REALLY spend on Welfare?
     
  8. M14 Shooter
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    M14 Shooter The Light of Truth

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    Those who lin in and contribute to a free society will almost always have more, and better, stuff than those that do not.
    Liberals seek to fix this problem.
     
  9. inALIENable
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    inALIENable BANNED

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    I bet we all know someone like that. Want us to gathers them all up and send them over to your place? You can keep them since they are apparently invisible to you.
     
  10. Katzndogz
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    Katzndogz Diamond Member

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    They weren't quite so invisible when the OWS shitters were crapping up the streets.
     

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