The "TRUTH" about "Wealth Distribution".

[edthecynic]

i'm a numbers person, and truthfully, the statistics SHOW a distribution of wealth, and this distribution according to the figures is out of the hands of those considered in the middle to the very few at the very top.

There is no other way to read the numbers....they are plain as day...imo.

What is truly causing this, I am uncertain....but it is what has happened and is happening...

And currently the tax structure has the top 5% of wage earners paying over half the tax collected, while the bottom 60% of wage earners receive money back or come out even.

So... what are you saying?

That's right, WAGE EARNERS pay the bulk of the taxes, not the truly wealthy, who do not work for wages!!!!!
We need a wealth tax instead of an income tax. The wealthiest families, like the Rockefellers, Mellons, DuPontes, etc., pay no income taxes at all. When Nelson Rockefeller was appointed Veep he made his tax return public. On a 7 figure income he paid not one penny in income taxes.

And that "60%", actually 47%, that pay no income tax is due to the GOP trying to buy votes with tax cuts.

 

[georgephillip]

Big Fitz,
I have been waiting for someone to make your point.

But here's the counter point:
While it is true that, in 2008, the top 5% paid 58.72% of taxes and the top 10% pay 69.94% of the taxes, the salient point is that, even after the top 10% pays 69.94% of the taxes, they still have enough left over, year after year, to own over 71% of the wealth and the bottom 60% still have only 4% of the wealth! This is the 2nd worst lopsided concentration of wealth and income in the world!

Internalize that!

The tax rates paid are largely irrelevant to who is accumulating wealth or not. Moreover, income taxes tax productivity, not accumulated wealth.


The salient point is that you're both envious and covetous.

Hannah's salient point:

"Each time society, through unemployment, frustrates the small man in his normal functioning and normal self-respect,” Hannah Arendt wrote in her 1945 essay 'Organized Guilt and Universal Responsibility,' 'it trains him for that last stage in which he will willingly undertake any function, even that of hangman.'"

Are you "Happy as a Hangman?"

 

[Oddball]

To hell with socialists.

 

[georgephillip]

"Arendt relates a story of a Jew who is released from Buchenwald.

"The freed Jew encountered, among the SS men who gave him certificates of release, a former schoolmate, whom he did not address but stared at.

"The SS guard spontaneously explained to his former friend: 'You must understand, I have five years of unemployment behind me. They can do anything they want with me.'

Arendt also quotes an interview with a camp official at Majdanek. The camp official concedes that he has assisted in the gassing and burying of people alive. But when he is asked, 'Do you know the Russians will hang you?' he bursts into tears. 'Why should they? What have I done?' he says."

Would it matter less if the Jew was a socialist?

Happy as a Hangman

 

[Barb]

Where do you think the money comes from to do that, Santa Claus?

We could take it out of the defense budget, we waste vast amounts of dollars there.

Knock it off with the willful naïveté and DNC boilerplate retorts.

Where does the military get their money?

Its right there in my post,out of the budget. Who's being naive? We do waste vast amounts of dollars there, and all politics has to do with what money, of what we have, is to be spent funding which goverment programs. You want it spent on the programs you approve of, but you still want it spent.

 

[Oddball]

We could take it out of the defense budget, we waste vast amounts of dollars there.

Knock it off with the willful naïveté and DNC boilerplate retorts.

Where does the military get their money?

Its right there in my post,out of the budget. Who's being naive? We do waste vast amounts of dollars there, and all politics has to do with what money, of what we have, is to be spent funding which goverment programs. You want it spent on the programs you approve of, but you still want it spent.

First of all, the point is that the money to hire more bureaucrats has to come from somewhere. Moreover, bureaucrats and gubmint make-work projects produce absolutely nothing of added value, or of debatable value, for the general economy.

We waste lots of money on all sorts of stupid programs. Yet, when it comes to cutting back on anything, the first words out of the mouths of the left is "cut the military"....
Y'all are really becoming cartoons of yourselves.

 

[Bern80]

[B"]The "TRUTH" about "Wealth Distribution"." [/B]

It's a wonderful thing. It is called Capitalism and will support all the entitlement programs the federal government manages to pass. You see, it creates prosperity for all.

Society creates all of our prosperity.

Capitalism creates none of it. In fact capitalism destroys more prosperity than it creates.

Capitalism loves war as a simple example. Great for GDP, but a huge prosperity loss.

Man it must be nice having fate as an excuse to not achieve.

 

[Bern80]

We could take it out of the defense budget, we waste vast amounts of dollars there.

I think defense could stand to be cut too. That doesn't mean make-work jobs are going to help the economy.

Would high speed rail from Maine to Modesto help the economy?

Probably not.

 

[Bern80]

Could war be taxed into extinction the same way chattel slavery could have been exterminated in this country during the decades between Valley Forge and Cold Harbor?

Probably also not a good idea just in case you actually ever have to go to war. You would also kind of have to hope your enemy adopted a similar policy.

 

[georgephillip]

When is the last time this country had to go to war?
1941?
Even the "Good War" would not have been necessary if we had stayed out of WWI.

Legitimate defense spending would not be subject to War's Windfall Profits Tax; however, once war began and the first innocent died, every dollar of war profit would be taxed at 101%.

War is a Racket

 

[Bern80]

When is the last time this country had to go to war?
1941?
Even the "Good War" would not have been necessary if we had stayed out of WWI.

Legitimate defense spending would not be subject to War's Windfall Profits Tax; however, once war began and the first innocent died, every dollar of war profit would be taxed at 101%.

War is a Racket

I don't disagree that we are and have historically fought some battles we didn't need to be in. I'm just saying if the point of a legitimate war does come, you'd better hope your opponent has the same war taxing policy, otherwise you're gonna lose.

 

[georgephillip]

Maybe "win" and "lose" need new definitions in a nuclear age?

When both participants have the ability to incinerate the entire planet, taxation would seem to have more to do with redistributing national wealth than with national defense.

 

[Bern80]

i'm a numbers person, and truthfully, the statistics SHOW a distribution of wealth, and this distribution according to the figures is out of the hands of those considered in the middle to the very few at the very top.

There is no other way to read the numbers....they are plain as day...imo.

What is truly causing this, I am uncertain....but it is what has happened and is happening...

And currently the tax structure has the top 5% of wage earners paying over half the tax collected, while the bottom 60% of wage earners receive money back or come out even.

So... what are you saying?

That's right, WAGE EARNERS pay the bulk of the taxes, not the truly wealthy, who do not work for wages!!!!!
We need a wealth tax instead of an income tax. The wealthiest families, like the Rockefellers, Mellons, DuPontes, etc., pay no income taxes at all. When Nelson Rockefeller was appointed Veep he made his tax return public. On a 7 figure income he paid not one penny in income taxes.

And that "60%", actually 47%, that pay no income tax is due to the GOP trying to buy votes with tax cuts.

It's fucking hilarious that some of you actually argue in such righteous tones for giving more of other people's money to a body that spends it so inefficiently.

 

[psikeyhackr]

It's fucking hilarious that some of you actually argue in such righteous tones for giving more of other people's money to a body that spends it so inefficiently.

Are we giving or are they taking? How does one individual stop "giving",

It is an institutionalized social system that existed and been evolving since before we were born. How many people in it don't know how it works?

We must pay income tax on money we earn to pay interest on loans to buy things designed to depreciate.

That is great, taxes on interest on depreciation. And then the entire economics profession forgets to talk about that depreciation for DECADES.

psik

 

[Big Fitz]

i'm a numbers person, and truthfully, the statistics SHOW a distribution of wealth, and this distribution according to the figures is out of the hands of those considered in the middle to the very few at the very top.

There is no other way to read the numbers....they are plain as day...imo.

What is truly causing this, I am uncertain....but it is what has happened and is happening...

And currently the tax structure has the top 5% of wage earners paying over half the tax collected, while the bottom 60% of wage earners receive money back or come out even.

So... what are you saying?

That's right, WAGE EARNERS pay the bulk of the taxes, not the truly wealthy, who do not work for wages!!!!!
We need a wealth tax instead of an income tax. The wealthiest families, like the Rockefellers, Mellons, DuPontes, etc., pay no income taxes at all. When Nelson Rockefeller was appointed Veep he made his tax return public. On a 7 figure income he paid not one penny in income taxes.

And that "60%", actually 47%, that pay no income tax is due to the GOP trying to buy votes with tax cuts.

Oh horseshit, Edthecretin

And why do you hate the working man who makes good? Hm? You hate the wealthy, I would love to see you try and tax the Kennedys, the Heinz-Kerrys, the McCains, the Soros of the world. You just go right ahead. That's where the real money is. Steal from them. I bet you never make an inch of headway because they are the ones who buy and sell politicians.

Once again, sanctimonious and evil envy raises it's hoary head.

 

[edthecynic]

And currently the tax structure has the top 5% of wage earners paying over half the tax collected, while the bottom 60% of wage earners receive money back or come out even.

So... what are you saying?

That's right, WAGE EARNERS pay the bulk of the taxes, not the truly wealthy, who do not work for wages!!!!!
We need a wealth tax instead of an income tax. The wealthiest families, like the Rockefellers, Mellons, DuPontes, etc., pay no income taxes at all. When Nelson Rockefeller was appointed Veep he made his tax return public. On a 7 figure income he paid not one penny in income taxes.

And that "60%", actually 47%, that pay no income tax is due to the GOP trying to buy votes with tax cuts.

It's fucking hilarious that some of you actually argue in such righteous tones for giving more of other people's money to a body that spends it so inefficiently.

It's fucking hilarious that some of you actually argue in such righteous tones that the wealthy are ENTITLED to a free ride because the government is "inefficient."

 

[edthecynic]

And currently the tax structure has the top 5% of wage earners paying over half the tax collected, while the bottom 60% of wage earners receive money back or come out even.

So... what are you saying?

That's right, WAGE EARNERS pay the bulk of the taxes, not the truly wealthy, who do not work for wages!!!!!
We need a wealth tax instead of an income tax. The wealthiest families, like the Rockefellers, Mellons, DuPontes, etc., pay no income taxes at all. When Nelson Rockefeller was appointed Veep he made his tax return public. On a 7 figure income he paid not one penny in income taxes.

And that "60%", actually 47%, that pay no income tax is due to the GOP trying to buy votes with tax cuts.

Oh horseshit, Edthecretin

And why do you hate the working man who makes good? Hm? You hate the wealthy, I would love to see you try and tax the Kennedys, the Heinz-Kerrys, the McCains, the Soros of the world. You just go right ahead. That's where the real money is. Steal from them. I bet you never make an inch of headway because they are the ones who buy and sell politicians.

Once again, sanctimonious and evil envy raises it's hoary head.

Thank you for admitting that the wealthy tax dodgers have the real money and own both Parties and not the wage earner.

Once again, your sanctimonious and evil stupidity raises it's hoary head.

 

[Barb]

Knock it off with the willful naïveté and DNC boilerplate retorts.

Where does the military get their money?

Its right there in my post,out of the budget. Who's being naive? We do waste vast amounts of dollars there, and all politics has to do with what money, of what we have, is to be spent funding which goverment programs. You want it spent on the programs you approve of, but you still want it spent.

First of all, the point is that the money to hire more bureaucrats has to come from somewhere. Moreover, bureaucrats and gubmint make-work projects produce absolutely nothing of added value, or of debatable value, for the general economy.

We waste lots of money on all sorts of stupid programs. Yet, when it comes to cutting back on anything, the first words out of the mouths of the left is "cut the military"....
Y'all are really becoming cartoons of yourselves.

1st of all, I indicated one place extra money could be found. Moreover, we don't have to "make" work, as there is plenty that needs doing. The military is a sacred cow that goes on chewing and chewing without much scrutiny. I'm not saying other waste couldn't be found, or that it all has to come from one place. A lot of the waste I see in government spending is on administration. The bureaus are top heavy, just like in private industry, and when cuts come, the people who are cut are the ones who do the actual work, leaving paper pushers behind to collect full time salaries.

And dude, stop trying to insult me. I don't do that to you, and it just looks silly.

 

[Bern80]

That's right, WAGE EARNERS pay the bulk of the taxes, not the truly wealthy, who do not work for wages!!!!!
We need a wealth tax instead of an income tax. The wealthiest families, like the Rockefellers, Mellons, DuPontes, etc., pay no income taxes at all. When Nelson Rockefeller was appointed Veep he made his tax return public. On a 7 figure income he paid not one penny in income taxes.

And that "60%", actually 47%, that pay no income tax is due to the GOP trying to buy votes with tax cuts.

It's fucking hilarious that some of you actually argue in such righteous tones for giving more of other people's money to a body that spends it so inefficiently.

It's fucking hilarious that some of you actually argue in such righteous tones that the wealthy are ENTITLED to a free ride because the government is "inefficient."

They are entitled to keep whatever money the tax code allows them to keep. Blame that if you want to blame anything. It's what everyone, regardless of income should be doing, giving government as little money as legally allowed. Explain to me how a group that is getting a free ride still generates the bulk of the tax revenue.

 

[Big Fitz]

That's right, WAGE EARNERS pay the bulk of the taxes, not the truly wealthy, who do not work for wages!!!!!
We need a wealth tax instead of an income tax. The wealthiest families, like the Rockefellers, Mellons, DuPontes, etc., pay no income taxes at all. When Nelson Rockefeller was appointed Veep he made his tax return public. On a 7 figure income he paid not one penny in income taxes.

And that "60%", actually 47%, that pay no income tax is due to the GOP trying to buy votes with tax cuts.

Oh horseshit, Edthecretin

And why do you hate the working man who makes good? Hm? You hate the wealthy, I would love to see you try and tax the Kennedys, the Heinz-Kerrys, the McCains, the Soros of the world. You just go right ahead. That's where the real money is. Steal from them. I bet you never make an inch of headway because they are the ones who buy and sell politicians.

Once again, sanctimonious and evil envy raises it's hoary head.

Thank you for admitting that the wealthy tax dodgers have the real money and own both Parties and not the wage earner.

Once again, your sanctimonious and evil stupidity raises it's hoary head.

It's so Ironic you think the indigent and shiftless should be given that instead.

And when you have doled out the wealth of those who have earned it in the past and present that drives the world's industry, and you've given a sheer pittance to the hoards of poor who cannot employ anyone or invest it, what then?

So now you have millions of people with only a few thousand dollars a piece. Who owns the facilities? Who decides who gets more? Who will make the loans? Something tells me you plan to be the one with that power making all the decisions.

The key failure of socialism is that the socialists always seem to think they're going to be in charge and the ones making the decisions for everyone else, not subject to them.