The United States of Inequality

Why is it the far right doesn't want to address the reality of the record wealth gap? It just doesn't make sense for an ideology that rightfully expounds capitalism.

Really? They constantly talk about 1/2 of the gap headed for the 10%, But why should you care about the wealth gap? And yes, the gap is capitalism. The have, the have nots, the wealth moving to those at the top like a pyramid scheme. Those filthy socialists want to change that, but that is a no no.


Isn't it true that around 70% of our economy is driven by consumer spending? Isn't also true that the middle class makes up a majority of the consumer class? Isn't it true that despite the fact that productivity has been strong and profts have been good, wages have been flat for the last tens years? Isn't it true that the majority of the middle class have lost expendable income because of flat wages? Exactly how can the US economy driven economy sustain itself if the middle class can't contribute enough to drive our economy? How can a supply and demand scenario work when there is no demand because of limitations of expendable income? Who exactly determines wages, what economic class do they represent?

Oh no, you figured it out. You must be a socialist criminal, really a bad person in America.


I've asked this question hundreds of times on various forums and I have yet to see a viable amswers.
If a person believes in capitalism, the wealth gap should be a major long-term concern to them.

The wealth gap really isn't a problem. When they wealth has finally been scooped up by the top 10%, the economy goes into a recession and workers are blamed for making too much money, the thought of a living wage conjuers up Unionist devils, poor people in the gutter & welfare mothers scrapping diems to buy formula. The Evil ones.........

So we give those in the top 10% a Trillion dollars for their gap success, and that is capitalism. That is stimulus for taking longer to recover from the drpression, because that is more money at the top.
 
who has made the inequality ??? gov made inequality??so who made the gov??
we made the gov...we are responsible for inequality!!! we should be equal and treat everyone with equality
 
All I see here are a bunch of Socialist welfare poverty pimps that have fallen hook line and sinker for the class warfare Statist horse shit.

Yeah, it doesn't exist, but makes for good bullshit on a Tuesday night. How is fucking the workers out of their wages and benefits coming along?
 
who has made the inequality ??? gov made inequality??so who made the gov??
we made the gov...we are responsible for inequality!!! we should be equal and treat everyone with equality

I don't think that would work in Capitalist America. It goes against the capitalist goals of being humans in a society.
 
who has made the inequality ??? gov made inequality??so who made the gov??
we made the gov...we are responsible for inequality!!! we should be equal and treat everyone with equality

There always will be inequality. Government should make sure everyone has oppritunity...but not to ensure the result. That is up to the individual.

Would it not be better if the federal government did nothing, and let each state feign for itself? without a central government there would always be the inequality capitalists need for the economy. Got to keep it shook up so the little guy doesn't know what is happening.
 
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All I see here are a bunch of Socialist welfare poverty pimps that have fallen hook line and sinker for the class warfare Statist horse shit.

Yeah, it doesn't exist, but makes for good bullshit on a Tuesday night. How is fucking the workers out of their wages and benefits coming along?
Obama's doing a bangup job doing it. Keep driving the economy into the ground... if you can. He was well on the way of following the Michigan model of economic success, when he ran into electoral trouble though. So your dollar store messiah may not achieve as much as you hoped.
 
Class envy is keeping the nigga down. Didn't you get the word?

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u can take ALL the money and assets of the top 1% and it'll barely make a dent in the deficit. Reality is calling, i suggest you answer.

Glad to see Shaman is still posting in his obnoxious and moronic style.
 
u can take ALL the money and assets of the top 1% and it'll barely make a dent in the deficit. Reality is calling, i suggest you answer.

Glad to see Shaman is still posting in his obnoxious and moronic style.
.....AND, be able to rub The Rabbi(t)'s White-Trash nose in a lil'.....

GREEN CHANGE!!!!

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Why do some many on the thread have the "they have it and its not fair" attitude. I don't have a lot of money to retire on, my choice, I chose to spend rather than to save" I don't blame the rich guy down the street. The company where I work, (small company) has people every day who don't come to work, don't call in, don't GAS. Why is that? Here is the key

work hard, learn more get a better job

work hard, learn more get a better job

work hard, learn more get a better job

work hard, learn more get a better job

In time you can get to the top of the money pile, happiness is another path.l
 
Why we can't ignore growing income inequality. (1) - By Timothy Noah - Slate Magazine

http://www.nytimes.com/2010/11/07/opinion/07kristof.html?_r=1


And you shameless monkeys still want tax cuts for the richest 2% to continue ignoring that they already have a substantial amount of the nation's wealth.
"Yet from 1980 to 2005, more than 80 percent of total increase in Americans' income went to the top 1 percent.

Prior to Wall Street's latest looting of the US economy, the CBO predicted "debt" as a percentage of GDP would decline from its early 2008 level of 36.8% to 22.6% in 2018.

Fast forward to 2011 and the CBO's latest figures showing "debt" soaring to 75.3% of GDP by the end of 2018.

"Debt" is defined by the CBO as "'debt held by the public at the end of the year,' meaning net federal government debt held by the private sector, which excludes government agency holdings of government debt."

Part of the reason the richest 1% amass 80% of all increases in US incomes stems from government enabled crimes like transferring trillions of dollars in private debt into public debt.

And blaming school teachers and Medicare.

Fiscal Conservatives Dodge $10 Trillion Debt: Simon Johnson - Bloomberg
 
The Wealth Distribution
In the United States, wealth is highly concentrated in a relatively few hands. As of 2007, the top 1% of households (the upper class) owned 34.6% of all privately held wealth, and the next 19% (the managerial, professional, and small business stratum) had 50.5%, which means that just 20% of the people owned a remarkable 85%, leaving only 15% of the wealth for the bottom 80% (wage and salary workers). In terms of financial wealth (total net worth minus the value of one's home), the top 1% of households had an even greater share: 42.7%. Table 1 and Figure 1 present further details drawn from the careful work of economist Edward N. Wolff at New York University (2010).


So far there are only tentative projections -- based on the price of housing and stock in July 2009 -- on the effects of the Great Recession on the wealth distribution. They suggest that average Americans have been hit much harder than wealthy Americans. Edward Wolff, the economist we draw upon the most in this document, concludes that there has been an "astounding" 36.1% drop in the wealth (marketable assets) of the median household since the peak of the housing bubble in 2007. By contrast, the wealth of the top 1% of households dropped by far less: just 11.1%. So as of April 2010, it looks like the wealth distribution is even more unequal than it was in 2007. (See Wolff, 2010 for more details.)

and here's the big one where all taxes are combined.
Do Taxes Redistribute Income?
It is widely believed that taxes are highly progressive and, furthermore, that the top several percent of income earners pay most of the taxes received by the federal government. Both ideas are wrong because they focus on official, rather than "effective" tax rates and ignore payroll taxes, which are mostly paid by those with incomes below $100,000 per year.

But what matters in terms of a power analysis is what percentage of their income people at different income levels pay to all levels of government (federal, state, and local) in taxes. If the less-well-off majority is somehow able to wield power, we would expect that the high earners would pay a bigger percentage of their income in taxes, because the majority figures the well-to-do would still have plenty left after taxes to make new investments and lead the good life. If the high earners have the most power, we'd expect them to pay about the same as everybody else, or less.

Citizens for Tax Justice, a research group that's been studying tax issues from its offices in Washington since 1979, provides the information we need. When all taxes (not just income taxes) are taken into account, the lowest 20% of earners (who average about $12,400 per year), paid 16.0% of their income to taxes in 2009; and the next 20% (about $25,000/year), paid 20.5% in taxes. So if we only examine these first two steps, the tax system looks like it is going to be progressive.

And it keeps looking progressive as we move further up the ladder: the middle 20% (about $33,400/year) give 25.3% of their income to various forms of taxation, and the next 20% (about $66,000/year) pay 28.5%. So taxes are progressive for the bottom 80%. But if we break the top 20% down into smaller chunks, we find that progressivity starts to slow down, then it stops, and then it slips backwards for the top 1%.

Specifically, the next 10% (about $100,000/year) pay 30.2% of their income as taxes; the next 5% ($141,000/year) dole out 31.2% of their earnings for taxes; and the next 4% ($245,000/year) pay 31.6% to taxes. You'll note that the progressivity is slowing down. As for the top 1% -- those who take in $1.3 million per year on average -- they pay 30.8% of their income to taxes, which is a little less than what the 9% just below them pay, and only a tiny bit more than what the segment between the 80th and 90th percentile pays.

Who Rules America: Wealth, Income, and Power

read the whole article, then lets discuss the facts!!!!!!!!!!!!!!!
 
Now this may seem somewhat an old-fashioned idea in these days of ipads, iphones, and you put an i in front of it but, there used to be a long held belief in this nation that a person wanted to build a life for themselves and their family and it was the Governments job to make that possible in terms of getting out of the way or making laws that made that dream possible for everyone. It was also a long hld belief that our nation looked after those who were unable to look after themselves and those who gave to this nation, because it is one of the ways in which we were measured. The Seniors, the Vets, the disabled, etc. all of these individuals some upon who's shoulders we all stand upon and built this great nation deserved no less. We also believed that those who sought out a free ride from the hard work of others, much the same way Lincoln once said, to not seek to tear down your neighbors house but rather build your own, those individuals and yes companies were objects of scorn. I see this great debate on taxing the wealthy or companies and it seems to me that the more wealth one aquires the more one is able to purchase the ability to look for deductions. I submit there is absolutly nothing wrong with the current tax rate but rather when companies such as GE for example, or perhaps even a Carnical Cruise Line get away with paying no taxes perhaps its tiime we take a look at the deductions rather that propose some nonsense about raising the rate. As well all know, raising the higer rate will result in more sought after deductions and will result in nothing other than perhaps a few more jobs in India and China. Just a thought on the subject.
 
Why do some many on the thread have the "they have it and its not fair" attitude. I don't have a lot of money to retire on, my choice, I chose to spend rather than to save" I don't blame the rich guy down the street. The company where I work, (small company) has people every day who don't come to work, don't call in, don't GAS. Why is that? Here is the key

work hard, learn more get a better job

work hard, learn more get a better job

work hard, learn more get a better job

work hard, learn more get a better job

In time you can get to the top of the money pile, happiness is another path.l

right you just chose to enjoy life and that is the reason your so poor and loving it.
LOL
you can do everything right in your life and have it all go down the drain in a few years of just plain bad luck, like losing your job that you built up to over years and your life is dependant on your income, which can completely change in a heart beat and has no control by you. An accident, a death in the family or a sickness can cause people who work for a living to lose everything. Then you throw in what the rich can do with fraud like the banks and wall street did can wipe out your nest egg in a short time.

Wealth is not just a choice, it's much more dependant on a lot of luck and a lot of help. I know a lot of college grads who have done way worse than I have, and they worked their asses off only to have the future go haywire based on what someone else does, like who stays and who leaves a job.
 
Why do some many on the thread have the "they have it and its not fair" attitude. I don't have a lot of money to retire on, my choice, I chose to spend rather than to save" I don't blame the rich guy down the street. The company where I work, (small company) has people every day who don't come to work, don't call in, don't GAS. Why is that? Here is the key

work hard, learn more get a better job

work hard, learn more get a better job

work hard, learn more get a better job

work hard, learn more get a better job

In time you can get to the top of the money pile....
.....As-long-as you put an equal-amount o' time into serious, upper-management, ASS-KISSIN'!!!!!!

Yeah.....there's all kinds o' money to be made.....dependent (of course) upon how much self-respect you're willing to sacrifice!
 

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