On the contrary, I want a system that would encourage people to move to up by making the middle class living an attractive option again.
Why not the "upper class"? Who wouldn't want everyone to be wealthy? Oh that's right. Then they don't need the government so much.
I want the difference between lower quintiles to be big, so it will motivate people moving out of the safety net.
what you want and what economics allows are two different things. Make it a flat tax rate all income sources no exemptions and it's fair.
And you have any reason to think that less regulation would create a more equal society?
Equal justice, not equal results. That's the goal. Everyone's treated the same under the law, and it is not used to enrich or impoverish anyone, save by their own lack of or overload of effort.
We have much less regulations now than in 70s, but the inequality has increased dramatically.
Really? If you truely believed that, you'd be fighting to scale back regulation. That said, and the evidence that you think more is appropriate undermines your purported beliefs.
OK, it is not that you needed to prove once more that you are a dumbass.
Stupid responses for stupid statements. You can up the level of your discourse any time you want... if you can. Don't say we're not better off thanks to the achievements of rich men and then ignore the benefit those achievements gave society.
I was talking about how the income changes between quintiles, not how it was changing with time.
So you're building castles in the clouds with what you want, not what is.
Yup -- the average family living was getting much better through most of the last century --
Right. And your appliances are so little improved from 50 years ago. Or how about your medical treatment? Used to be cancer was a death sentence in most forms, now, it's curable with modern tech and early detection.
but not much has changed in the past 30-40 years.
See, it's statements like this that destroy every last shred of credibility you thought you had.
An average family does not live much better now than 40 years ago.
Bullshit. Every product you own is improved. that is a quality of life increase. From your high speed internet to your toilet (wait, toilets were better in the 70's) are improved and offer you better quality of life.
Yes, we have microwaves, iPhones and TVs are bigger, and there is Internet -- but that's about it.
They were bigger, more power hungry, less capable (no we didn't have iPhones back then, broke easier, were heavier made of worse materials. Your postulate is a non-starter for it is obviously false.
As for the real incomes, they have stagnated for the past 40 years despite the fact, that the productivity grew by 80%.
And how much of that productivity increase is due to automation and more efficient ways of doing business? I'd say a lot. A bulldozer does the same work in one day it took 500 men with picks and shovels to do before they were invented.
Why have wages stagnated? Simple. We're now competing in a GLOBAL marketplace where electronics can make it possible for someone on the other side of the globe to do a job here. But nobody's gonna relocate the job of a truck driver in Ohio to Pondicherry India. That said, illegal immigrants are undercutting many industries that paid well. Imports from NAFTA, CAFTA, FTAA and priviledged trade status nations are gutting our industrial base because it's dirty, and cheaper to import thanks to global transport networks. We don't teach our kids very much hard science, so the good technical jobs have to go to foreigners with visas who weren't coddled with self esteem classes and taught to win win win.
You whine about the symptom, but ignore the real cause. We did this to ourselves by HORRIBLE economically idiotic policies in a world that is rife with economic warfare, and we're conscientious objectors.
If the median household income had kept pace with the economy since 1970, it would now be nearly $92,000 -- instead it increased 10% to $50K.
And how can these wages be protected we are still being paid 2-4 times more than our closest competitors for the same job and work with even better productivity and efficiency? When we work, we're very good and modern. But we price ourselves out of the market with our societal costs from construction and zoning ordinances, environmental costs as well as union and worker protection costs, taxes and a host of other things that other nations don't even bother with. We don't have Triangle Shirt Companies, manufacturing shirts in 2nd story factories in multi use apartment buildings or hotels. But we also don't have fires that kill 200 workers because some jackass chained a fire exit closed either.
Doesn't it bother you that while US economy produces twice as much of goods and services per capita than in 1970, the median household did not see their incomes rising? Which means that the lion share of that extra incomes went to the super-rich?
Again, you ignore the cause and want to put a bandage on the wound and give an antacid for gangrene. Realize we have done this to ourselves by being 'tolerant and fair' to other nations while ignoring the consequences on ourselves in the global market which we are now equalizing by destroying our own standard of living while they improve theirs. How lovely for someone else.