Richest 1% own more than the rest of us: Oxfam

[saveliberty]

[QUOTE="Brain357, post: 13297589, member: 4326]

Obamacare is leading to more inequality? Please explain.[/QUOTE]

It seems to have created a different access problem.

 

[Brain357]

Liberals continually push to provide the essentials of living free for the poor. What that does is make being poor a viable option for a lot of people. Then the population gets poorer and the gap gets wider. Then, these very same people whine about it.

And what do you suggest? All this inequality is slowing our economy.

Make it so that the rich will be inclined to put the money to work, stop providing career opportunities in poverty.

Haven't we been doing that? Every time the repubs give them tax breaks they claim that will happen. It hasn't...

When was the last time we gave them a tax break? We still have the highest corporate taxes in the world. It costs businesses less to operate in any other country in the world.

Many businesses pay zero taxes. Remember the bush tax cuts?

 

[PredFan]

Liberals continually push to provide the essentials of living free for the poor. What that does is make being poor a viable option for a lot of people. Then the population gets poorer and the gap gets wider. Then, these very same people whine about it.

And what do you suggest? All this inequality is slowing our economy.

Make it so that the rich will be inclined to put the money to work, stop providing career opportunities in poverty.

Haven't we been doing that? Every time the repubs give them tax breaks they claim that will happen. It hasn't...

When was the last time we gave them a tax break? We still have the highest corporate taxes in the world. It costs businesses less to operate in any other country in the world.

Many businesses pay zero taxes. Remember the bush tax cuts?

Garbage.

FACT: the U.S. Has the highest corporate taxes in the world.

 

[Hutch Starskey]

Liberals continually push to provide the essentials of living free for the poor. What that does is make being poor a viable option for a lot of people. Then the population gets poorer and the gap gets wider. Then, these very same people whine about it.

And what do you suggest? All this inequality is slowing our economy.

The government needs to get the he'll out of the way.

I fail to see how that will help. Explain.

Rich folks are the only group that can afford to comply to government regulations. It's that simple.

Rich folks are the only group that can afford to comply to government regulations. It's that simple.

So regulations are killing jobs?
How so?

 

[Hutch Starskey]

Liberals continually push to provide the essentials of living free for the poor. What that does is make being poor a viable option for a lot of people. Then the population gets poorer and the gap gets wider. Then, these very same people whine about it.

And what do you suggest? All this inequality is slowing our economy.

Make it so that the rich will be inclined to put the money to work, stop providing career opportunities in poverty.

They do put it to work. For themselves.

 

[Hutch Starskey]

And what do you suggest? All this inequality is slowing our economy.

Make it so that the rich will be inclined to put the money to work, stop providing career opportunities in poverty.

Haven't we been doing that? Every time the repubs give them tax breaks they claim that will happen. It hasn't...

When was the last time we gave them a tax break? We still have the highest corporate taxes in the world. It costs businesses less to operate in any other country in the world.

Many businesses pay zero taxes. Remember the bush tax cuts?

Garbage.

FACT: the U.S. Has the highest corporate taxes in the world.

FACT: US corporations pay an effective tax rate that is on par with other nations.

U.S. effective corporate tax rates are not a burden
The top statutory tax rate of 35% in the U.S. is somewhat higher than that of 30 other OECD countries, but the average effective tax rate — the actual rate paid after deductions and credits — is slightly lower than our competitors, according to theCongressional Research Service (CRS).

Several studies have found that U.S. corporations pay a similar or a lower effective tax rate — the rate actually paid — than corporations in other countries. For example:

• Our average effective tax rate is 27.1% compared with 27.7% for the other 30 OECD countries, according to CRS.
• Profitable corporations paid U.S. income taxes amounting to just 12.6% of worldwide income in 2010, according to the Government Accountability Office.
• Citizens for Tax Justice’s survey of 288 corporations, which included most of the Fortune 500 corporations that were profitable each year from 2008 through 2012, found that they paid an average effective federal tax rate of just 19.4%over that period.
• Of 125 corporations in that study that had significant foreign profits, 82 (two-thirds) paid a higher effective rate to foreign governments than they paid to the U.S.

Fact Sheet: Corporate Tax Rates | Americans for Tax Fairness

 

[Vandalshandle]

Government over regulation is ruining America. Apparently, they are experimenting with doing away with it in Flint, Michigan. A little lead in the drinking water will toughen up kids, up there. Besides, the whole thing is good for entrepreneurs who sell bottled water. .

 

[WildBillKelsoe]

Liberals continually push to provide the essentials of living free for the poor. What that does is make being poor a viable option for a lot of people. Then the population gets poorer and the gap gets wider. Then, these very same people whine about it.

And what do you suggest? All this inequality is slowing our economy.

Make it so that the rich will be inclined to put the money to work, stop providing career opportunities in poverty.

Haven't we been doing that? Every time the repubs give them tax breaks they claim that will happen. It hasn't...

When was the last time we gave them a tax break? We still have the highest corporate taxes in the world. It costs businesses less to operate in any other country in the world.

Many businesses pay zero taxes. Remember the bush tax cuts?

You run a NPO?

 

[PredFan]

Liberals continually push to provide the essentials of living free for the poor. What that does is make being poor a viable option for a lot of people. Then the population gets poorer and the gap gets wider. Then, these very same people whine about it.

And what do you suggest? All this inequality is slowing our economy.

Make it so that the rich will be inclined to put the money to work, stop providing career opportunities in poverty.

They do put it to work. For themselves.

Liberals continually push to provide the essentials of living free for the poor. What that does is make being poor a viable option for a lot of people. Then the population gets poorer and the gap gets wider. Then, these very same people whine about it.

And what do you suggest? All this inequality is slowing our economy.

Make it so that the rich will be inclined to put the money to work, stop providing career opportunities in poverty.

They do put it to work. For themselves.

Sure they do. My point is to make it so they will put it to use for themselves and we also benefit.

 

[PredFan]

Make it so that the rich will be inclined to put the money to work, stop providing career opportunities in poverty.

Haven't we been doing that? Every time the repubs give them tax breaks they claim that will happen. It hasn't...

When was the last time we gave them a tax break? We still have the highest corporate taxes in the world. It costs businesses less to operate in any other country in the world.

Many businesses pay zero taxes. Remember the bush tax cuts?

Garbage.

FACT: the U.S. Has the highest corporate taxes in the world.

FACT: US corporations pay an effective tax rate that is on par with other nations.

U.S. effective corporate tax rates are not a burden
The top statutory tax rate of 35% in the U.S. is somewhat higher than that of 30 other OECD countries, but the average effective tax rate — the actual rate paid after deductions and credits — is slightly lower than our competitors, according to theCongressional Research Service (CRS).

Several studies have found that U.S. corporations pay a similar or a lower effective tax rate — the rate actually paid — than corporations in other countries. For example:

• Our average effective tax rate is 27.1% compared with 27.7% for the other 30 OECD countries, according to CRS.
• Profitable corporations paid U.S. income taxes amounting to just 12.6% of worldwide income in 2010, according to the Government Accountability Office.
• Citizens for Tax Justice’s survey of 288 corporations, which included most of the Fortune 500 corporations that were profitable each year from 2008 through 2012, found that they paid an average effective federal tax rate of just 19.4%over that period.
• Of 125 corporations in that study that had significant foreign profits, 82 (two-thirds) paid a higher effective rate to foreign governments than they paid to the U.S.

Fact Sheet: Corporate Tax Rates | Americans for Tax Fairness

27.1% is not zero, as you claimed.

 

[Hutch Starskey]

Liberals continually push to provide the essentials of living free for the poor. What that does is make being poor a viable option for a lot of people. Then the population gets poorer and the gap gets wider. Then, these very same people whine about it.

And what do you suggest? All this inequality is slowing our economy.

Make it so that the rich will be inclined to put the money to work, stop providing career opportunities in poverty.

They do put it to work. For themselves.

Liberals continually push to provide the essentials of living free for the poor. What that does is make being poor a viable option for a lot of people. Then the population gets poorer and the gap gets wider. Then, these very same people whine about it.

And what do you suggest? All this inequality is slowing our economy.

Make it so that the rich will be inclined to put the money to work, stop providing career opportunities in poverty.

They do put it to work. For themselves.

Sure they do. My point is to make it so they will put it to use for themselves and we also benefit.

How does that work?

 

[Hutch Starskey]

Haven't we been doing that? Every time the repubs give them tax breaks they claim that will happen. It hasn't...

When was the last time we gave them a tax break? We still have the highest corporate taxes in the world. It costs businesses less to operate in any other country in the world.

Many businesses pay zero taxes. Remember the bush tax cuts?

Garbage.

FACT: the U.S. Has the highest corporate taxes in the world.

FACT: US corporations pay an effective tax rate that is on par with other nations.

U.S. effective corporate tax rates are not a burden
The top statutory tax rate of 35% in the U.S. is somewhat higher than that of 30 other OECD countries, but the average effective tax rate — the actual rate paid after deductions and credits — is slightly lower than our competitors, according to theCongressional Research Service (CRS).

Several studies have found that U.S. corporations pay a similar or a lower effective tax rate — the rate actually paid — than corporations in other countries. For example:

• Our average effective tax rate is 27.1% compared with 27.7% for the other 30 OECD countries, according to CRS.
• Profitable corporations paid U.S. income taxes amounting to just 12.6% of worldwide income in 2010, according to the Government Accountability Office.
• Citizens for Tax Justice’s survey of 288 corporations, which included most of the Fortune 500 corporations that were profitable each year from 2008 through 2012, found that they paid an average effective federal tax rate of just 19.4%over that period.
• Of 125 corporations in that study that had significant foreign profits, 82 (two-thirds) paid a higher effective rate to foreign governments than they paid to the U.S.

Fact Sheet: Corporate Tax Rates | Americans for Tax Fairness

27.1% is not zero, as you claimed.

I claimed?
I never claimed that but since you brought it up......

• General Electric, Boeing, Verizon and 23 other profitable Fortune 500 firms paid no federal income taxes from 2008 to 2012.

Fact Sheet: Corporate Tax Rates | Americans for Tax Fairness

 

[RoshawnMarkwees]

In spite of Obama.
And we're not getting our lost $60k back.

I think you exaggerate his influence.

Nope. He reimposed oil extraction restrictions which drove prices up. Those higher energy prices drove all consumer goods prices up.

He also did a lot for fuel economy which drove down demand for oil which would lower prices.

Obviously not enough if the average household lost $10k annually.

But now prices are really low. Again you exaggerate the presidents influence on the price of gas.

Nope. Not at all. This president affected oil prices in a bad way exactly in the same manner the previous president, with the reluctant acquiescence of a democrat congress, made prices drop.
This current drop is mostly in spite of obama's green energy bullshit. Fracking.
The ransom-paying deal with the extortionist criminal gang in iran has now exacerbated the drop on oil price. Thank ayatollah obama for that.

 

[PredFan]

Liberals continually push to provide the essentials of living free for the poor. What that does is make being poor a viable option for a lot of people. Then the population gets poorer and the gap gets wider. Then, these very same people whine about it.

And what do you suggest? All this inequality is slowing our economy.

Make it so that the rich will be inclined to put the money to work, stop providing career opportunities in poverty.

They do put it to work. For themselves.

Liberals continually push to provide the essentials of living free for the poor. What that does is make being poor a viable option for a lot of people. Then the population gets poorer and the gap gets wider. Then, these very same people whine about it.

And what do you suggest? All this inequality is slowing our economy.

Make it so that the rich will be inclined to put the money to work, stop providing career opportunities in poverty.

They do put it to work. For themselves.

Sure they do. My point is to make it so they will put it to use for themselves and we also benefit.

How does that work?

Well if I knew that I'd be doing it instead of what I'm doing now.

 

[Brain357]

And what do you suggest? All this inequality is slowing our economy.

Make it so that the rich will be inclined to put the money to work, stop providing career opportunities in poverty.

Haven't we been doing that? Every time the repubs give them tax breaks they claim that will happen. It hasn't...

When was the last time we gave them a tax break? We still have the highest corporate taxes in the world. It costs businesses less to operate in any other country in the world.

Many businesses pay zero taxes. Remember the bush tax cuts?

Garbage.

FACT: the U.S. Has the highest corporate taxes in the world.

But the rate actually paid is about the same as most everybody else.

You don't remember the bush tax cuts?

 

[Brain357]

Liberals continually push to provide the essentials of living free for the poor. What that does is make being poor a viable option for a lot of people. Then the population gets poorer and the gap gets wider. Then, these very same people whine about it.

And what do you suggest? All this inequality is slowing our economy.

Make it so that the rich will be inclined to put the money to work, stop providing career opportunities in poverty.

They do put it to work. For themselves.

Liberals continually push to provide the essentials of living free for the poor. What that does is make being poor a viable option for a lot of people. Then the population gets poorer and the gap gets wider. Then, these very same people whine about it.

And what do you suggest? All this inequality is slowing our economy.

Make it so that the rich will be inclined to put the money to work, stop providing career opportunities in poverty.

They do put it to work. For themselves.

Sure they do. My point is to make it so they will put it to use for themselves and we also benefit.

Like trickle down ecomomics? We already know that doesn't work.

 

[PredFan]

When was the last time we gave them a tax break? We still have the highest corporate taxes in the world. It costs businesses less to operate in any other country in the world.

Many businesses pay zero taxes. Remember the bush tax cuts?

Garbage.

FACT: the U.S. Has the highest corporate taxes in the world.

FACT: US corporations pay an effective tax rate that is on par with other nations.

U.S. effective corporate tax rates are not a burden
The top statutory tax rate of 35% in the U.S. is somewhat higher than that of 30 other OECD countries, but the average effective tax rate — the actual rate paid after deductions and credits — is slightly lower than our competitors, according to theCongressional Research Service (CRS).

Several studies have found that U.S. corporations pay a similar or a lower effective tax rate — the rate actually paid — than corporations in other countries. For example:

• Our average effective tax rate is 27.1% compared with 27.7% for the other 30 OECD countries, according to CRS.
• Profitable corporations paid U.S. income taxes amounting to just 12.6% of worldwide income in 2010, according to the Government Accountability Office.
• Citizens for Tax Justice’s survey of 288 corporations, which included most of the Fortune 500 corporations that were profitable each year from 2008 through 2012, found that they paid an average effective federal tax rate of just 19.4%over that period.
• Of 125 corporations in that study that had significant foreign profits, 82 (two-thirds) paid a higher effective rate to foreign governments than they paid to the U.S.

Fact Sheet: Corporate Tax Rates | Americans for Tax Fairness

27.1% is not zero, as you claimed.

I claimed?
I never claimed that but since you brought it up......

• General Electric, Boeing, Verizon and 23 other profitable Fortune 500 firms paid no federal income taxes from 2008 to 2012.

Fact Sheet: Corporate Tax Rates | Americans for Tax Fairness

That is the same left wing source you used before. I seriously doubt it's veracity, but it's beside the point. To shrink the gap we need to provide incentive for the 1% to put their money to work and to stop making poverty an acceptable lifestyle.

 

[PredFan]

Liberals continually push to provide the essentials of living free for the poor. What that does is make being poor a viable option for a lot of people. Then the population gets poorer and the gap gets wider. Then, these very same people whine about it.

And what do you suggest? All this inequality is slowing our economy.

Make it so that the rich will be inclined to put the money to work, stop providing career opportunities in poverty.

They do put it to work. For themselves.

Liberals continually push to provide the essentials of living free for the poor. What that does is make being poor a viable option for a lot of people. Then the population gets poorer and the gap gets wider. Then, these very same people whine about it.

And what do you suggest? All this inequality is slowing our economy.

Make it so that the rich will be inclined to put the money to work, stop providing career opportunities in poverty.

They do put it to work. For themselves.

Sure they do. My point is to make it so they will put it to use for themselves and we also benefit.

Like trickle down ecomomics? We already know that doesn't work.

Sure it does and it did.

 

[Brain357]

I think you exaggerate his influence.

Nope. He reimposed oil extraction restrictions which drove prices up. Those higher energy prices drove all consumer goods prices up.

He also did a lot for fuel economy which drove down demand for oil which would lower prices.

Obviously not enough if the average household lost $10k annually.

But now prices are really low. Again you exaggerate the presidents influence on the price of gas.

Nope. Not at all. This president affected oil prices in a bad way exactly in the same manner the previous president, with the reluctant acquiescence of a democrat congress, made prices drop.
This current drop is mostly in spite of obama's green energy bullshit. Fracking.
The ransom-paying deal with the extortionist criminal gang in iran has now exacerbated the drop on oil price. Thank ayatollah obama for that.

The Saudis have some control of oil price. The U.S. can't do anything to have a fldramatic effect.

 

[Brain357]

And what do you suggest? All this inequality is slowing our economy.

Make it so that the rich will be inclined to put the money to work, stop providing career opportunities in poverty.

They do put it to work. For themselves.

And what do you suggest? All this inequality is slowing our economy.

Make it so that the rich will be inclined to put the money to work, stop providing career opportunities in poverty.

They do put it to work. For themselves.

Sure they do. My point is to make it so they will put it to use for themselves and we also benefit.

Like trickle down ecomomics? We already know that doesn't work.

Sure it does and it did.

Yes it has continued to grow inequality. And now we have so much the economy is slowed.