Bernie Sanders : This Grotesque Level of Income and Wealth Inequality is Wrong

[Ray From Cleveland]

So it makes sense to make less money and let government fill in the blanks.

Yeah, except not really. You're delusional if you think most welfare recipients are living comfortable lives that they're happy with. To qualify for aid you have to have a completely shit income.

Would you like for me to post some statistics on our so called poor? I have them right here in my folder; actually, several of them if you'd like. Not biased either. Some use the US Census data to create those statistics.

 

[Slade3200]

To all you economists out there who don't think wealth distribution is a problem... Let me ask, what happens long term if we cut government spending and all our money flows through the economy and up to the top 1%... How does that money get back down to the poor and middle class?

what happens long term if we cut government spending and all our money flows through the economy and up to the top 1%...

Why would all the money in the economy "flow up to the 1%"?

How does that money get back down to the poor and middle class?

Historically, how did poor and middle class people get money before?

Money naturally flows to the Owners and up to the 1% who own the majority of our businesses. Just follow a dollar through the economy as people spend and you'll see where it ends up. Do you need more explanation or do you get it?

Historically our economy was much smaller and money circulated in a much more confined way. Through trade, our centralized banking system, and the emergence of these conglomerate corporations that buy up our small businesses and own most of everything we have a very different situation than we did 100 years ago. Right now the citizens taking out loans and government deficit spending pumps money into the economy, mostly focused at the bottom,but then it funnels up to the top as is the cycle. Finally, It gets burned through taxation.... I'm trying to understand how cutting the government spending and shrinking the economy will play out for the poor and middle class.

Money naturally flows to the Owners and up to the 1% who own the majority of our businesses.

GDP is $18.2 trillion a year. The top 1% get what, 22% of household income?
You think there is some limited number of dollars available to the lower 99%?
Once the 1% gets a dollar, it goes into hiding?

I'm trying to understand how cutting the government spending and shrinking the economy

Why would cutting government spending shrink the economy?

Your right it would t shrink the economy, it slows its growth.

Yes I think there is more going up to the top earners than is going down, do they not save or spend internationally? Our economy is then dependent on these top earners spending domestically. Do you not think that is a tremendous amount of power and influence for one individual to have?

Your right it would t shrink the economy, it slows its growth.

Why?

Less money enters the economy = less growth potential

do they not save or spend internationally?

Don't you?
Not nearly as much as the 1%

Do you not think that is a tremendous amount of power and influence for one individual to have?

One individual? What are you talking about?
The individuals that own the vast majority of this countries wealth

 

[Confounding]

Would you like for me to post some statistics on our so called poor? I have them right here in my folder; actually, several of them if you'd like. Not biased either. Some use the US Census data to create those statistics.

Enlighten me.

 

[Slade3200]

True that income is earned but wealth is rewarded... Just look at our tax code. There is a definite advantage given to the wealthy While I see the reason and benefits for some of these incentives/advantages, I also understand the tremendous problem it is causing.

I hear you. Our system could use some tweaking. And just note that wealth is not rewarded without risk. As an investor, I risk punishment as well as reward. If I'm rewarded for my smart investing, the tax man is right there to take his cut of my pie. If I'm punished for making a poor investment, the tax man is nowhere to be seen. I win, he wins. I lose, only I lose.

Yes you are right in one aspect but it goes beyond risky investments. For example I receive a great savings in taxes if I own a house. I get to write a chunk off. A renter with the same Income and expenses as I, pays more to Uncle Sam while also burning money in rent over my Payments towards an appreciating asset. Yes I took a risk with my home loan and I understand why the tax incentives are in place however is still presents an imbalance

As a landlord I can tell you that all costs are passed on to the tenants as rent. The more I don't have to spend, the less I can charge for rent.

Is that your goal? To charge as little as you can for rent?

 

[Slade3200]

Income isn't distributed.

It's earned or not earned through various types of behaviors.

Productive versus irresponsible behavior accounts for a large portion of the inequality the leftists are railing against.






--------

True that income is earned but wealth is rewarded... Just look at our tax code. There is a definite advantage given to the wealthy While I see the reason and benefits for some of these incentives/advantages, I also understand the tremendous problem it is causing.

It's not causing any problem because people don't get or stay wealthy because of the tax codes. They get wealthy investing, working, and having businesses.

Wealth distribution is a tremendous problem, I'd put it in the top 3. I don't agree with all of bernies ideas but he hits the nail on the head with this one and our corrupt campaign system. Those two he is right on, you should open your mind to what he is saying.

 

[Toddsterpatriot]

what happens long term if we cut government spending and all our money flows through the economy and up to the top 1%...

Why would all the money in the economy "flow up to the 1%"?

How does that money get back down to the poor and middle class?

Historically, how did poor and middle class people get money before?

Money naturally flows to the Owners and up to the 1% who own the majority of our businesses. Just follow a dollar through the economy as people spend and you'll see where it ends up. Do you need more explanation or do you get it?

Historically our economy was much smaller and money circulated in a much more confined way. Through trade, our centralized banking system, and the emergence of these conglomerate corporations that buy up our small businesses and own most of everything we have a very different situation than we did 100 years ago. Right now the citizens taking out loans and government deficit spending pumps money into the economy, mostly focused at the bottom,but then it funnels up to the top as is the cycle. Finally, It gets burned through taxation.... I'm trying to understand how cutting the government spending and shrinking the economy will play out for the poor and middle class.

Money naturally flows to the Owners and up to the 1% who own the majority of our businesses.

GDP is $18.2 trillion a year. The top 1% get what, 22% of household income?
You think there is some limited number of dollars available to the lower 99%?
Once the 1% gets a dollar, it goes into hiding?

I'm trying to understand how cutting the government spending and shrinking the economy

Why would cutting government spending shrink the economy?

Your right it would t shrink the economy, it slows its growth.

Yes I think there is more going up to the top earners than is going down, do they not save or spend internationally? Our economy is then dependent on these top earners spending domestically. Do you not think that is a tremendous amount of power and influence for one individual to have?

Your right it would t shrink the economy, it slows its growth.

Why?

Less money enters the economy = less growth potential

do they not save or spend internationally?

Don't you?
Not nearly as much as the 1%

Do you not think that is a tremendous amount of power and influence for one individual to have?

One individual? What are you talking about?
The individuals that own the vast majority of this countries wealth

Less money enters the economy = less growth potential

Why do you think government spending is new money entering the economy?

Not nearly as much as the 1%

Does this "international spending" result in dollars leaving and never returning?

The individuals that own the vast majority of this countries wealth

So you're talking about over 1 million people.
Who made their money legally, providing goods and services demanded by others.
What was the problem with that again?

 

[Rustic]

Bernie Sanders : This Grotesque Level of Income and Wealth Inequality is Wrong

All socialists are absolute hypocrites… lol

 

[Toddsterpatriot]

Income isn't distributed.

It's earned or not earned through various types of behaviors.

Productive versus irresponsible behavior accounts for a large portion of the inequality the leftists are railing against.






--------

True that income is earned but wealth is rewarded... Just look at our tax code. There is a definite advantage given to the wealthy While I see the reason and benefits for some of these incentives/advantages, I also understand the tremendous problem it is causing.

It's not causing any problem because people don't get or stay wealthy because of the tax codes. They get wealthy investing, working, and having businesses.

Wealth distribution is a tremendous problem, I'd put it in the top 3. I don't agree with all of bernies ideas but he hits the nail on the head with this one and our corrupt campaign system. Those two he is right on, you should open your mind to what he is saying.

Wealth distribution is a tremendous problem, I'd put it in the top 3.

Yes, we should fire those government wealth distributors.

 

[Wry Catcher]

To all you economists out there who don't think wealth distribution is a problem... Let me ask, what happens long term if we cut government spending and all our money flows through the economy and up to the top 1%... How does that money get back down to the poor and middle class?

It trickles down? NOT!

 

[Rustic]

In most cases you make what you deserve… Of course, lazy people Think differently.

Progressives and their entitlement society of political correctness Are under the illusion of "they are owed something"… LOL

 

[Ray From Cleveland]

Would you like for me to post some statistics on our so called poor? I have them right here in my folder; actually, several of them if you'd like. Not biased either. Some use the US Census data to create those statistics.

Enlighten me.

Income isn't distributed.

It's earned or not earned through various types of behaviors.

Productive versus irresponsible behavior accounts for a large portion of the inequality the leftists are railing against.






--------

True that income is earned but wealth is rewarded... Just look at our tax code. There is a definite advantage given to the wealthy While I see the reason and benefits for some of these incentives/advantages, I also understand the tremendous problem it is causing.

It's not causing any problem because people don't get or stay wealthy because of the tax codes. They get wealthy investing, working, and having businesses.

Wealth distribution is a tremendous problem, I'd put it in the top 3. I don't agree with all of bernies ideas but he hits the nail on the head with this one and our corrupt campaign system. Those two he is right on, you should open your mind to what he is saying.

If there is wealth redistribution, wouldn't somebody or some people have to be in charge of that? And if so, who are these people?

 

[Slade3200]

Money naturally flows to the Owners and up to the 1% who own the majority of our businesses. Just follow a dollar through the economy as people spend and you'll see where it ends up. Do you need more explanation or do you get it?

Historically our economy was much smaller and money circulated in a much more confined way. Through trade, our centralized banking system, and the emergence of these conglomerate corporations that buy up our small businesses and own most of everything we have a very different situation than we did 100 years ago. Right now the citizens taking out loans and government deficit spending pumps money into the economy, mostly focused at the bottom,but then it funnels up to the top as is the cycle. Finally, It gets burned through taxation.... I'm trying to understand how cutting the government spending and shrinking the economy will play out for the poor and middle class.

Money naturally flows to the Owners and up to the 1% who own the majority of our businesses.

GDP is $18.2 trillion a year. The top 1% get what, 22% of household income?
You think there is some limited number of dollars available to the lower 99%?
Once the 1% gets a dollar, it goes into hiding?

I'm trying to understand how cutting the government spending and shrinking the economy

Why would cutting government spending shrink the economy?

Your right it would t shrink the economy, it slows its growth.

Yes I think there is more going up to the top earners than is going down, do they not save or spend internationally? Our economy is then dependent on these top earners spending domestically. Do you not think that is a tremendous amount of power and influence for one individual to have?

Your right it would t shrink the economy, it slows its growth.

Why?

Less money enters the economy = less growth potential

do they not save or spend internationally?

Don't you?
Not nearly as much as the 1%

Do you not think that is a tremendous amount of power and influence for one individual to have?

One individual? What are you talking about?
The individuals that own the vast majority of this countries wealth

Less money enters the economy = less growth potential

Why do you think government spending is new money entering the economy?

Why? Because it is... A majority of government spending Is from tax revenue but there is also a chunk that comes from borrowing from the treasury which creates new money along with our banking industry.


Not nearly as much as the 1%

Does this "international spending" result in dollars leaving and never returning?

Yes, this is commonly referred to as a deficit.

The individuals that own the vast majority of this countries wealth

So you're talking about over 1 million people.
Who made their money legally, providing goods and services demanded by others.
What was the problem with that again?

I'm talking about the 1% and more specifically the .1% that hold as much wealth as the lower 90%. How is that not crazy to you?

And why do you feel the need to argue with every single one of my points? Do you just think I'm a bumbling idiot that has zero valid points?

 

[Ray From Cleveland]

True that income is earned but wealth is rewarded... Just look at our tax code. There is a definite advantage given to the wealthy While I see the reason and benefits for some of these incentives/advantages, I also understand the tremendous problem it is causing.

I hear you. Our system could use some tweaking. And just note that wealth is not rewarded without risk. As an investor, I risk punishment as well as reward. If I'm rewarded for my smart investing, the tax man is right there to take his cut of my pie. If I'm punished for making a poor investment, the tax man is nowhere to be seen. I win, he wins. I lose, only I lose.

Yes you are right in one aspect but it goes beyond risky investments. For example I receive a great savings in taxes if I own a house. I get to write a chunk off. A renter with the same Income and expenses as I, pays more to Uncle Sam while also burning money in rent over my Payments towards an appreciating asset. Yes I took a risk with my home loan and I understand why the tax incentives are in place however is still presents an imbalance

As a landlord I can tell you that all costs are passed on to the tenants as rent. The more I don't have to spend, the less I can charge for rent.

Is that your goal? To charge as little as you can for rent?

My goal is to keep tenants long term. Sure, rental price has a lot to do with that. When my bills go up (such as water, sewer, property taxes, major repairs or improvements) I have to recoup that money somewhere.

 

[Slade3200]

Would you like for me to post some statistics on our so called poor? I have them right here in my folder; actually, several of them if you'd like. Not biased either. Some use the US Census data to create those statistics.

Enlighten me.

Income isn't distributed.

It's earned or not earned through various types of behaviors.

Productive versus irresponsible behavior accounts for a large portion of the inequality the leftists are railing against.






--------

True that income is earned but wealth is rewarded... Just look at our tax code. There is a definite advantage given to the wealthy While I see the reason and benefits for some of these incentives/advantages, I also understand the tremendous problem it is causing.

It's not causing any problem because people don't get or stay wealthy because of the tax codes. They get wealthy investing, working, and having businesses.

Wealth distribution is a tremendous problem, I'd put it in the top 3. I don't agree with all of bernies ideas but he hits the nail on the head with this one and our corrupt campaign system. Those two he is right on, you should open your mind to what he is saying.

If there is wealth redistribution, wouldn't somebody or some people have to be in charge of that? And if so, who are these people?

Taxation is wealth redistribution... The fuckers over at the IRS handle it. You know this so why are you asking?

 

[2aguy]

We have heard the term income inequality a lot over the past few years given that all jobs do not require the same levels of skill and experience and that all people do not have the same level of motivation and determination how would you ever make income equal?

Death camps and gulags....that is how the socialists around he world have tried to make the rich "equal" in the past.....about 100 million innocent men, women and children made equal........with guns and gas...

 

[healthmyths]

It is wrong.

when i was a kid, a family could have two cars and their own home on one unskilled worker's wage.

That is bullshit!
FACTS...
Assume you were a kid 40 years ago.
That would be 1976.
The Average unskilled workers wage was : Average Indexed Monthly Earnings - Wikipedia, the free encyclopedia

$9,226 that works out to $768 per month.
Suggested retail price for 1976 Datsun 280 z... $6,594 Money for car loans is ample, but interest rates are still up (February 22, 1976)

$6,594 auto loan for 4 years at 10.2% or monthly payment of $177... two cars $344.
Money for car loans is ample, but interest rates are still up (February 22, 1976)

Home loan: 3 bedroom Jan 1976 Average price $45,900.. https://www.census.gov/const/uspricemon.pdf
At average rate of 8.7% April 1976 Mortgage Rates
Monthly payment $359.
So 2 cars and home payment add up to $703!
That left $65/month to buy food, clothing, pay utilities, etc....
You are full of shit!!!

 

[Ray From Cleveland]

Would you like for me to post some statistics on our so called poor? I have them right here in my folder; actually, several of them if you'd like. Not biased either. Some use the US Census data to create those statistics.

Enlighten me.

Cash value of welfare spending to households in poverty greater than median household income

Astonishing Numbers: America's Poor Still Live Better Than Most Of The Rest Of Humanity

Census: Americans in ‘Poverty’ Typically Have Cell Phones, Computers, TVs, VCRS, AC, Washers, Dryers and Microwaves

Study: NY Welfare Recipients Eligible For More In Benefits Than Teachers Earn - Breitbart

 

[Rozman]

The left for the most part gets away with telling their followers that the reason
people don't have wealth is that their share was stolen by the wealthy.
And it's up to government to make that right.
So vote Democrat and you will be given what is rightfully yours....

 

[2aguy]

The left for the most part gets away with telling their followers that the reason
people don't have wealth is that their share was stolen by the wealthy.
And it's up to government to make that right.
So vote Democrat and you will be given what is rightfully yours....

While the democrat politicians become rich.........

 

[Slade3200]

In most cases you make what you deserve… Of course, lazy people Think differently.

Progressives and their entitlement society of political correctness Are under the illusion of "they are owed something"… LOL

Entitlements are a sliver of the expenses... It amazes me how much weight y'all Put on them to the status of our economy