Zone1 The Number One Driver Of The Debt Is The Bush, And Trump Tax Cuts ForThe Rich

[expat_panama]

Most of that wealth is at the top of the totem poll. GDP and such figures, as the one you're citing are misleading. If the cost of living in the empire (USA) is through the roof, with most people living paycheck to paycheck, without health insurance (or under insured with high premiums, deductibles, and co-payments), heavily burdened in credit card and student debt, on the precipice of being replaced (pushed off the cliff) by intelligent robots (advanced automation), then your figures don't reflect reality. It's a mirage of bullshit.

We're not connecting here. You say Americans don't have enough wealth. I show that Americans have more wealth than ever before and that the U.S. is one of the world'd richest countries. Now you're sort of (no numbers) into income distribution and my take is that while I can agree that your view just fine w/ most folks, the reality is that we can't converse if we're just sharing feelings.

...You're an expat in Panama. Why did you leave the US? I lived in Costa Rica for a few years when I was in my 20s back when my father lived there. He was also an American expat living in Latin America. The GDP of Costa Rica is a micron-speck compared to that of the US, and yet people have healthcare. Full coverage. No one in Costa Rica is going bankrupt with medical bills. I love Costa Rica. Pura Vida!

Right now I'm physically in Panama but I work in the U.S. (online/travel). It's cheap here.

Health care is a precious commodity and if some gov't mandate makes it cheap then u either get shortages or there has to be some way of allocating it. Latin American health care involves loooong waits, inadequate care, and extraordinary inconvenience. However an American can get super care really cheap here compared to the U.S. because there most of the money goes to lawyers. Panama doesn't have that kind of legal system -tho on the downside when we buy health care here we don't have the recourse if the doc botches it.

You get what u pay for.

 

[expat_panama]

/——-/ And a janitor in Pig Snot Kansas doesn’t make as a janitor doing the same job in NYC. How are libs gonna rectify that outrage?

We don't seem to be getting anywhere. How about I say that you may be right and we set this aside for a while.

 

[Cellblock2429]

We don't seem to be getting anywhere. How about I say that you may be right and we set this aside for a while.

/----/ Sure, because using logic to point out the flaws in Libs arguments usually shuts them up.

 

[Cellblock2429]

I'm 83, my time is short. And it will take a least two people to fill my shoes when I'm gone.

/----/ "take a least two people to fill my shoes "
You're size 20 shoes? WOWZA

 

[Woodznutz]

/----/ "take a least two people to fill my shoes "
You're size 20 shoes? WOWZA
View attachment 831775

Or two one-legged people.

One to do the shit work, one to do the skilled work. I do both now.

 

[Billo_Really]

/——/ President Trump never filed for personal bankruptcy. The casino business in Atlantic City was dying because of all the new casinos opening in NY and PA. He got out while the getting was good.He currently runs 500 successful businesses. But you already knew this because it’s been discussed many times here. A simple google search about Atlantic City would explain it in words you can understand.

He inherited daddy's money after he stole it from his siblings, then blew it all!

 

[Cellblock2429]

He inherited daddy's money after he stole it from his siblings, then blew it all!

/----/ Not true. When caught in a lie, you change the subject. Don't you ever get tired of being the class clown?

 

[Billo_Really]

Obama single digit, Trump 73.3% rate of return, Biden -19%, no comparison

Provide the link.

 

[Billo_Really]

/----/ Not true. When caught in a lie, you change the subject. Don't you ever get tired of being the class clown?

What lie?

 

[Cellblock2429]

What lie?

/----/ Are you just playing stupid to get attention? This lie
He inherited daddy's money after he stole it from his siblings, then blew it all!
How is he worth billions today with 500 companies if he blew it all?

 

[Billo_Really]

/----/ Are you just playing stupid to get attention? This lie
He inherited daddy's money after he stole it from his siblings, then blew it all!
How is he worth billions today with 500 companies if he blew it all?

That's not a lie!

 

[Red Front]

We're not connecting here. You say Americans don't have enough wealth. I show that Americans have more wealth than ever before and that the U.S. is one of the world'd richest countries. Now you're sort of (no numbers) into income distribution and my take is that while I can agree that your view just fine w/ most folks, the reality is that we can't converse if we're just sharing feelings.

Right now I'm physically in Panama but I work in the U.S. (online/travel). It's cheap here.

Health care is a precious commodity and if some gov't mandate makes it cheap then u either get shortages or there has to be some way of allocating it. Latin American health care involves loooong waits, inadequate care, and extraordinary inconvenience. However an American can get super care really cheap here compared to the U.S. because there most of the money goes to lawyers. Panama doesn't have that kind of legal system -tho on the downside when we buy health care here we don't have the recourse if the doc botches it.

You get what u pay for.

We're not connecting here. You say Americans don't have enough wealth. I show that Americans have more wealth than ever before and that the U.S. is one of the world'd richest countries.

We're definitely "not connecting" because, like most right-wing Republican conservatives, you're ignoring everything that was said to you, which doesn't agree with your stupid fantasies.

"Federal Reserve data indicates that as of Q4 2021, the top 1% of households in the United States held 32.3% of the country's wealth, while the bottom 50% held 2.6%.[7] From 1989 to 2019, wealth became increasingly concentrated in the top 1% and top 10% due in large part to corporate stock ownership concentration in those segments of the population; the bottom 50% own little if any corporate stock.[8] From an international perspective, the difference in the US median and mean wealth per adult is over 600%.[9] A 2011 study found that US citizens across the political spectrum dramatically underestimate the current level of wealth inequality in the US, and would prefer a far more egalitarian distribution of wealth.[10]"


Source: Economic inequality - Wikipedia


"During the COVID-19 pandemic, the wealth held by billionaires in the U.S. increased by 70%,[11] with 2020 marking the steepest increase in billionaires' share of wealth on record.[12]"

"In 2011, financial inequality was greater than inequality in total wealth, with the top 1% of the population owning 43%, the next 19% of Americans owning 50%, and the bottom 80% owning 7%.[15] However, after the Great Recession, which began in 2007, the share of total wealth owned by the top 1% of the population grew from 35% to 37%, and that owned by the top 20% of Americans grew from 86% to 88%. The Great Recession also caused a drop of 36% in median household wealth, but a drop of only 11% for the top 1%, further widening the gap between the top 1% and the bottom 99%.[16][15][17]"

"According to PolitiFact and other sources, in 2011, the 400 wealthiest Americans had more wealth than half of all Americans combined.[18][19] Inherited wealth may help explain why many Americans who have become rich may have had a substantial head start.[20][21] In September 2012, according to the Institute for Policy Studies, over 60 percent of the Forbes richest 400 Americans grew up in substantial privilege.[22]"

"During the COVID-19 pandemic, the wealth held by billionaires in the U.S. increased by 70%.[11] According to the 2022 World Inequality Report, "2020 marked the steepest increase in global billionaires' share of wealth on record."[12]

As of late 2022, according to Snopes, 735 billionaires collectively possessed more wealth than the bottom half of U.S. households ($4.5 trillion and $4.1 trillion respectively). The top 1% held a total of $43.45 trillion.[41]"


Source: Economic inequality - Wikipedia


It doesn't matter how high America's GDP is or how much wealth the country has when all of that wealth is concentrated at the top and is unproductive, amounting to nothing more than Wall Street casino speculation. The "productive" speculation, and stock exchange transactions amount to NOTHING, because it's not actual production or wealth for the vast majority of Americans (it produced nothing tangible or of any value to anyone). Our economy is nothing more than an artificially bloated bubble of financial markets and worthless speculation. America is no longer the industrial juggernaut and self-reliant economic titan that it used to be. It's a mere shadow of the America you grew up in 70 or 60 years ago.

Most of you are in your 70s and 80s and don't have a clue about what America is today. Apparently, because you older folks keep defining America in terms that might have been true 60 or 50 years ago when you were a kid or a young man or woman. We don't live in that America anymore. That America died in the 1980s.

Now you're sort of (no numbers) into income distribution and my take is that while I can agree that your view just fine w/ most folks, the reality is that we can't converse if we're just sharing feelings.

It's facts, not feelings. If all of the wealth of the nation is concentrated at the top, and the average Joe American, is living paycheck to paycheck and is drowning in medical bills, then what's the benefit of living in an empire?

I'M A CITIZEN OF THE AMERICAN EMPIRE...

Yeah, but you're quality of life isn't that good. You're one paycheck away from skidrow (despite having a mortgage and living in a decent house), you're training artificial intelligence to take your job at work, and you now need to pay $3800 in copayments and deductibles for going to the emergency room and getting that CT-Scan, the medications..etc.

You cite stats, without factoring in the reality of what they're actually showing. You're ignoring the actual facts of what is happening on the ground in Main Street. Wall Street bull markets don't mean shit for the vast majority of Americans. You're citing numbers that apply to the rich, not working-class Americans.

Right now I'm physically in Panama but I work in the U.S. (online/travel). It's cheap here. Health care is a precious commodity and if some gov't mandate makes it cheap then u either get shortages or there has to be some way of allocating it. Latin American health care involves loooong waits, inadequate care, and extraordinary inconvenience.

That wasn't my experience in Costa Rica. That's nothing more than a right-wing polemic against socialism, that's worn out and pathetic. If you asked most people in Western Europe or Canada, if they appreciate their healthcare systems, with few exceptions they will express their appreciation for having a right to healthcare and their socialized medical system. If people on Medicare in the US today, don't like their benefits, you can thank the right-wing conservatives for that, who are constantly trying to defund and derail every single government program.

Although I hardly ever go to the VA, the few times that I've received care there, it was good. I didn't have to wait much longer than I do now in private hospitals (I had to wait longer for treatment, but it wasn't that bad) . The only reason I go to private clinics and hospitals is that I'm one of the few American workers who is unionized with one of the best, most powerful unions in the country (I'm a machinist) and my medical benefits are SUPERB, to say the least. I have a good salary and extraordinary benefits, which afford me the luxury of going to private hospitals and getting quick, 1st class attention (like a freaking millionaire). However, the few times that I've been to the VA since I ETSed from the army 28 years ago, I've received phenomenal medical care.

When I was on active duty and went to the hospital on base, I received excellent medical care. So your cheap rhetoric against government-run medicine amounts to toilet paper. It's right-wing conservative BULLSHIT.

 

[Cellblock2429]

That's not a lie!

/——-/ Prove it, otherwise it’s just your opinion.

 

[Woodznutz]

We're definitely "not connecting" because, like most right-wing Republican conservatives, you're ignoring everything that was said to you, which doesn't agree with your stupid fantasies.

View attachment 831824


"Federal Reserve data indicates that as of Q4 2021, the top 1% of households in the United States held 32.3% of the country's wealth, while the bottom 50% held 2.6%.[7] From 1989 to 2019, wealth became increasingly concentrated in the top 1% and top 10% due in large part to corporate stock ownership concentration in those segments of the population; the bottom 50% own little if any corporate stock.[8] From an international perspective, the difference in the US median and mean wealth per adult is over 600%.[9] A 2011 study found that US citizens across the political spectrum dramatically underestimate the current level of wealth inequality in the US, and would prefer a far more egalitarian distribution of wealth.[10]"


Source: Economic inequality - Wikipedia


"During the COVID-19 pandemic, the wealth held by billionaires in the U.S. increased by 70%,[11] with 2020 marking the steepest increase in billionaires' share of wealth on record.[12]"

"In 2011, financial inequality was greater than inequality in total wealth, with the top 1% of the population owning 43%, the next 19% of Americans owning 50%, and the bottom 80% owning 7%.[15] However, after the Great Recession, which began in 2007, the share of total wealth owned by the top 1% of the population grew from 35% to 37%, and that owned by the top 20% of Americans grew from 86% to 88%. The Great Recession also caused a drop of 36% in median household wealth, but a drop of only 11% for the top 1%, further widening the gap between the top 1% and the bottom 99%.[16][15][17]"

"According to PolitiFact and other sources, in 2011, the 400 wealthiest Americans had more wealth than half of all Americans combined.[18][19] Inherited wealth may help explain why many Americans who have become rich may have had a substantial head start.[20][21] In September 2012, according to the Institute for Policy Studies, over 60 percent of the Forbes richest 400 Americans grew up in substantial privilege.[22]"

"During the COVID-19 pandemic, the wealth held by billionaires in the U.S. increased by 70%.[11] According to the 2022 World Inequality Report, "2020 marked the steepest increase in global billionaires' share of wealth on record."[12]

As of late 2022, according to Snopes, 735 billionaires collectively possessed more wealth than the bottom half of U.S. households ($4.5 trillion and $4.1 trillion respectively). The top 1% held a total of $43.45 trillion.[41]"


Source: Economic inequality - Wikipedia


It doesn't matter how high America's GDP is or how much wealth the country has when all of that wealth is concentrated at the top and is unproductive, amounting to nothing more than Wall Street casino speculation. The "productive" speculation, and stock exchange transactions amount to NOTHING, because it's not actual production or wealth for the vast majority of Americans (it produced nothing tangible or of any value to anyone). Our economy is nothing more than an artificially bloated bubble of financial markets and worthless speculation. America is no longer the industrial juggernaut and self-reliant economic titan that it used to be. It's a mere shadow of the America you grew up in 70 or 60 years ago.

Most of you are in your 70s and 80s and don't have a clue about what America is today. Apparently, because you older folks keep defining America in terms that might have been true 60 or 50 years ago when you were a kid or a young man or woman. We don't live in that America anymore. That America died in the 1980s.



It's facts, not feelings. If all of the wealth of the nation is concentrated at the top, and the average Joe American, is living paycheck to paycheck and is drowning in medical bills, then what's the benefit of living in an empire?

I'M A CITIZEN OF THE AMERICAN EMPIRE...

Yeah, but you're quality of life isn't that good. You're one paycheck away from skidrow (despite having a mortgage and living in a decent house), you're training artificial intelligence to take your job at work, and you now need to pay $3800 in copayments and deductibles for going to the emergency room and getting that CT-Scan, the medications..etc.

You cite stats, without factoring in the reality of what they're actually showing. You're ignoring the actual facts of what is happening on the ground in Main Street. Wall Street bull markets don't mean shit for the vast majority of Americans. You're citing numbers that apply to the rich, not working-class Americans.



That wasn't my experience in Costa Rica. That's nothing more than a right-wing polemic against socialism, that's worn out and pathetic. If you asked most people in Western Europe or Canada, if they appreciate their healthcare systems, with few exceptions they will express their appreciation for having a right to healthcare and their socialized medical system. If people on Medicare in the US today, don't like their benefits, you can thank the right-wing conservatives for that, who are constantly trying to defund and derail every single government program.

Although I hardly ever go to the VA, the few times that I've received care there, it was good. I didn't have to wait much longer than I do now in private hospitals (I had to wait longer for treatment, but it wasn't that bad) . The only reason I go to private clinics and hospitals is that I'm one of the few American workers who is unionized with one of the best, most powerful unions in the country (I'm a machinist) and my medical benefits are SUPERB, to say the least. I have a good salary and extraordinary benefits, which afford me the luxury of going to private hospitals and getting quick, 1st class attention (like a freaking millionaire). However, the few times that I've been to the VA since I ETSed from the army 28 years ago, I've received phenomenal medical care.

When I was on active duty and went to the hospital on base, I received excellent medical care. So your cheap rhetoric against government-run medicine amounts to toilet paper. It's right-wing conservative BULLSHIT.

The drug cartels are a good metaphor for wealth inequity. Millions of users and addicts cough up huge amounts of money for the temporary pleasure of feeling great while their health and wealth goes down the drain. The difference is that they don't complain about the wealth and power of the cartels. If we are going to continue to enrich the industrial 'cartels' at the expense of our well-being and future, we shouldn't complain either.

Regarding few opportunities since 1980 (a direct poke at Reaganomics), in 1994 my net worth was $20,000 (I was 54 y/o). Today I'm a millionaire. So, things aren't as bad as they seem.

 

[Red Front]

The drug cartels are a good metaphor for wealth inequity. Millions of users and addicts cough up huge amounts of money for the temporary pleasure of feeling great while their health and wealth goes down the drain. The difference is that they don't complain about the wealth and power of the cartels. If we are going to continue to enrich the industrial 'cartels' at the expense of our well-being and future, we shouldn't complain either.

Regarding few opportunities since 1980 (a direct poke at Reaganomics), in 1994 my net worth was $20,000 (I was 54 y/o). Today I'm a millionaire. So, things aren't as bad as they seem.

The capitalist cartels control the media, education, and everything else because people are brainwashed. Albert Einstein, whose name is synonymous with intelligence, in his socialist pamphlet titled "Why Socialism" wrote :

"...or otherwise influenced by private capitalists who, for all practical purposes, separate the electorate from the legislature. The consequence is that the representatives of the people do not in fact sufficiently protect the interests of the underprivileged sections of the population. Moreover, under existing conditions, private capitalists inevitably control, directly or indirectly, the main sources of information (press, radio, education). It is thus extremely difficult, and indeed in most cases quite impossible, for the individual citizen to come to objective conclusions and to make intelligent use of his political rights."

This passage highlights Einstein's concerns about the undue influence of private capitalists on democratic institutions, the media, and education, which he believed hindered the ability of citizens to make informed decisions. You of course deny that, because you're a wealthy old landlord, who clutches his pearls the moment a socialist like me says anything against capitalism. You think socialists want to take all of your shit away which isn't true. Communism, especially democratic, American communism, is for people to have homes (for their personal use), land (to grow their own food or plant a garden), and other personal assets, that improve people's lives. We're for extreme abundance, and lack of scarcity, for everyone.

We're against exploitative wealth that undermines the public good, not wealth itself. If you're rich, good for you. The problem is in how the rich see their wealth and the working class, which leads to gross inequality and civil unrest. The wealthy elites, compromise everything they have when they support government policies that undermine the public good. They create social unrest which eventually leads to capitalism collapsing. What saved capitalism in the great depression, was WW2. It would've gone the way of the dodo, before the 1950s, if not for both the Second World War and the Cold War.

 

[Woodznutz]

The capitalist cartels control the media, education, and everything else because people are brainwashed. Albert Einstein, whose name is synonymous with intelligence, in his socialist pamphlet titled "Why Socialism" wrote :

"...or otherwise influenced by private capitalists who, for all practical purposes, separate the electorate from the legislature. The consequence is that the representatives of the people do not in fact sufficiently protect the interests of the underprivileged sections of the population. Moreover, under existing conditions, private capitalists inevitably control, directly or indirectly, the main sources of information (press, radio, education). It is thus extremely difficult, and indeed in most cases quite impossible, for the individual citizen to come to objective conclusions and to make intelligent use of his political rights."

This passage highlights Einstein's concerns about the undue influence of private capitalists on democratic institutions, the media, and education, which he believed hindered the ability of citizens to make informed decisions. You of course deny that, because you're a wealthy old landlord, who clutches his pearls the moment a socialist like me says anything against capitalism. You think socialists want to take all of your shit away which isn't true. Communism, especially democratic, American communism, is for people to have homes (for their personal use), land (to grow their own food or plant a garden), and other personal assets, that improve people's lives. We're for extreme abundance, and lack of scarcity, for everyone.

We're against exploitative wealth that undermines the public good, not wealth itself. If you're rich, good for you. The problem is in how the rich see their wealth and the working class, which leads to gross inequality and civil unrest. The wealthy elites, compromise everything they have when they support government policies that undermine the public good. They create social unrest which eventually leads to capitalism collapsing. What saved capitalism in the great depression, was WW2. It would've gone the way of the dodo, before the 1950s, if not for both the Second World War and the Cold War.

Just because some notable person writes this stuff doesn't make it true. Rich people aren't the biggest problem that the poor face. The poor are mostly responsible for their own financial state.

 

[Ordinary Guy]

Provide the link.

like I will link you to my fidelity account, are you being stupid again. This link shows us the Biden/Trump comparison:

Joe Biden vs Donald Trump Stock Market, GDP, and Jobs Created

Compare Joe Biden and Donald Trump to see how they stack up on stock market performance, jobs and GDP growth

www.factsarefirst.com

 

[badbob85037]

The USA doesn’t have a revenue problem, it has a spending problem. No matter how much tax money comes in congress spends more.

So what you are saying it's repugs that are at fault for our $31 trillion in debt and the democrats are innocent all American patriots who are all goodie two shoes with one thumb in their eye and the other In their good buddy? I can see that happening.

 

[Ordinary Guy]

So what you are saying it's repugs that are at fault for our $31 trillion in debt and the democrats are innocent all American patriots who are all goodie two shoes with one thumb in their eye and the other In their good buddy? I can see that happening.

No, he is saying dumbass democrats buying votes through open borders, free college, ransom to iran, leaving 30 billion in equipment in Afghanistan, a huge IRS buden, Obamacare and other stupid crap are the problem

 

[badbob85037]

like I will link you to my fidelity account, are you being stupid again. This link shows us the Biden/Trump comparison:

Joe Biden vs Donald Trump Stock Market, GDP, and Jobs Created

Compare Joe Biden and Donald Trump to see how they stack up on stock market performance, jobs and GDP growth

www.factsarefirst.com

I think I got this. If it matters Trump has the win. If it is made up Bozo demo BS the Bozos are make it into something it's not making the rest of the clowns in the car believe what the Bozos tell them to believe. Right? Right.