"cut the wealth of billionaires in half over 15 years, "

[Wyatt earp]

I'm demanding government construct laws and institutions that benefit 99% of productive workers instead of 1% parasites.

Who is working when Biden is paying them to stay home

 

[LAUGHatLEFTISTS]

Another thread where leftists try to explain economics with their feelings then get dominated with facts and pretend they didn’t.

 

[Wyatt earp]

There is no contradiction.
Government created the laws and institutions that enabled vast private fortunes to come into existence. Only government has the ability to exterminate the political influence those private fortunes exert over society today.

After JPMorgan Chase Admits to Its 4th and 5th Felony Charge, Its Board Gives a $50 Million Bonus to Its CEO, Jamie Dimon

So you want politicians to earn all the wealth?






Last year, Hermitage Capital Management CEO Bill Browder told the Senate Judiciary Committee that he believes the Russian president is "the richest man in the world" with a net worth of $200 billion. Browder has some bona fides to back up his Russia connections; the financier's firm was once the largest portfolio investor in Russia.

 

[Markle]

Bernie, like most idiotic socialists, doesn't understand that income and wealth are 2 different things.

In my humble opinion, they know full well the difference, they don't give a tinker's dam.

 

[georgephillip]

Who is working when Biden is paying them to stay home

American capitalism can't afford to pay a living wage after being on Federal Reserve life support over the past decade.

 

[Asclepias]

What does that have to do with anything?

Check the title of the OP. There are some clues there.

 

[georgephillip]

Income inequality is just another buzz phrase the leftist made up to take money from one group and give it to another for votes.

Causes of income inequality in the United States - Wikipedia

"Income inequality in the United States grew significantly beginning in the early 1970s,[2][3][4] after several decades of stability.[5][6][7]

"The US consistently exhibits higher rates of income inequality than most developed nations, arguably due to the nation's relatively less regulated markets.[8][9][10]

"According to the Congressional Budget Office, 'the precise reasons for the [recent] rapid growth in income at the top are not well understood', but 'in all likelihood,' an 'interaction of multiple factors' was involved."

"Four years after Trump took office, income inequality continues to grow. And it is growing at a faster rate than during any of the last five administrations."

How Trump fueled economic inequality in America

 

[Soupnazi630]

There is no contradiction.
Government created the laws and institutions that enabled vast private fortunes to come into existence. Only government has the ability to exterminate the political influence those private fortunes exert over society today.

After JPMorgan Chase Admits to Its 4th and 5th Felony Charge, Its Board Gives a $50 Million Bonus to Its CEO, Jamie Dimon

Wrong.

The individuals with those fortunes created them

Political influence will onloy be made worse by more government.

 

[Soupnazi630]

Causes of income inequality in the United States - Wikipedia

"Income inequality in the United States grew significantly beginning in the early 1970s,[2][3][4] after several decades of stability.[5][6][7]

"The US consistently exhibits higher rates of income inequality than most developed nations, arguably due to the nation's relatively less regulated markets.[8][9][10]

"According to the Congressional Budget Office, 'the precise reasons for the [recent] rapid growth in income at the top are not well understood', but 'in all likelihood,' an 'interaction of multiple factors' was involved."

"Four years after Trump took office, income inequality continues to grow. And it is growing at a faster rate than during any of the last five administrations."

How Trump fueled economic inequality in America

Yet you STILL cannot prov ide a shred of evidence that income inequality harms anyone,.

 

[Markle]

Check the title of the OP. There are some clues there.

I did, but thank you for your thought.

Again, what difference does it make to you if I, or anyone, has half a billion dollars or a billion dollars? If I have a billion dollars, specifically how many came out of your pocket?

 

[Soupnazi630]

American capitalism can't afford to pay a living wage after being on Federal Reserve life support over the past decade.

Wrong.

All working people make a living wage

 

[Asclepias]

Yet you STILL cannot prov ide a shred of evidence that income inequality harms anyone,.

Go check the violent crime stats. People kill for money.

 

[Soupnazi630]

Check the title of the OP. There are some clues there.

So a billion is the magic goalpost which you think justifies theft?

 

[Asclepias]

Again, what difference does it make to you if I, or anyone, has half a billion dollars or a billion dollars?

It makes a big difference to me. Why do you ask?

 

[Soupnazi630]

Go check the violent crime stats. People kill for money.

Yes and they always have which in no way contradicts or even addresses the fact I posted.

 

[Soupnazi630]

It makes a big difference to me. Why do you ask?

What difference is that?

 

[Asclepias]

So a billion is the magic goalpost which you think justifies theft?

Taxes are not theft.

 

[Asclepias]

Yes and they always have which in no way contradicts or even addresses the fact I posted.

If there was no income inequality the violent crime stats would be virtually nothing.

 

[Asclepias]

What difference is that?

500 million

 

[Soupnazi630]

Taxes are not theft.

They absolutely are