georgephillip
Diamond Member
Democracy or plutocracy?
Do you care?
Do you care?
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Hey Hairnet... you ducked out on my question in another thread, but since it is still appropriate here again I ask:
At what point does a person's property stop being theirs and become the government's property? Or now in this framing YOUR property?
What did you do to EARN someone elses property?
Jason Lewis the other day put this example to better visual accuity. He pointed out that Government right now believes itself entitled to about 20% of the average wage earner's pay. So, does the government believe that 20% of your house is theirs? It must if 20% of your income is theirs. Which rooms would it take? Or what days does it get to open your house to the public?
The absurdity that you don't own what you earn is palpable. (that means you can feel it, Hairnet.) The government has no ownership of your property. It takes what is not theirs to give to those who have not earned.
Taxes are the dues you pay for living in the decent and well structured society that protected you from harm and produced the atmosphere necessary for you to achieve. Take all your natural talent (at birth) and wonder (just for shits and giggles) how far it might get you (from birth) someplace like Darfur.
Just for the record, you did unequivocally imply that those who do not attain wealth are flawed. DonÂ’t get excited, I donÂ’t believe that you are a mean guy. I appreciate your thoughtful approach and the effort to reason things out and that you have restated some of your message.
Just for the record, NO I didn't say anyone that doesn't attan wealth is flawed. Of the people that don't attain wealth the only flawed ones would be those that don't take the correct actions to become so. Again, becomng wealthy has to be a goal first. It isn't enough to just want more money. All of us want that. Very few make it a goal and pursue it. Those that don't conciously make it a goal are not flawed. There is no flaw in not setting wealth accumulation as a goal.
With regard to class warfare, it is the right wing that constantly accuses the left of instigating class warfare, not commonly the other way around. I merely point out the statements that instigate class warfare made by those on the right such as blaming the poor for being poor, supporting tax breaks for the wealthy while not wanting to extend unemployment, indifference to the uninsured in America, being against the minimum wage because they donÂ’t deserve more money, and when those without much wealth are called flawed.
Hard to get into this because so much of it is flawed reasoning. Instead of calling it instigating class warfare, instead of getting defensive why don't you objectively consider what is being said?
Saying many of the poor are poor because of the choices they've made is not instigating class warfare. It might be something certain people don't want to hear, true. But it's a simple statement of fact. Many people are poor due to the poor choices they've made. You can't change what you don't acknowledge and one thing some people need to acknowledge is there own role in where they are otherwise they have no hope in improving their position in life.
Supporting tax breaks for the wealthy but not extending unemployment: Again the implied premise needs to be looked at. The premise being it's 'mean' I guess to give people who don't need money more of it while not giving money to those that do, right? But what about the end results? What are the outcomes of those two actions. Tax breaks to wealthy people are arguably the most beneficial of tax breaks because that group has more money at their disposal to be used for a variety of things. What does extendng unemployment benefits gain society? It keeps on unemployment longer.....and that's about it. Necessity is the mother of invention. If you need to get a job you will. If you don't, you won't.
The number of uninsured in this country is grossly inflated. Especially for use by partisan hacks who like to claim it's 30 million americans or more. It's maybe half of that. the number of peope who would purchase insurance if not but for the cost are the people we're really talking about. So what's the goal? Is it to really get them enough money to afford health insurance or is it to just make sure those that can't afford it still get the health care they need. I think it's the later. There's always going to be x number of people that simply can't afford insurance. Saying we're going to insure them is just semantics. I say we simply agree that we are going to provide care to those that need it.
Minimum wage. Don't wanna really get started on this one.....BUT the concept does unequivocally hurt the very group of people those who push for it claim to want to help. Everytime the min wage goes up, the number of min wage jobs goes down. You may put a little more money in the pocket of some, but you take away all of someone elses too.
Who's the one calling people flawed now? A capitalist system is as flawed as the people participating in it. WHAT is the flaw? What causes it? I think the big swings are ultimately the irresponsible management of money by people. ALL people. From government beauracrats to Joe Blow. We go through highs of prosperity where people get carried away and spend money they really don't have then we go through lows like now where every cinches the belt. That's your true flaw mitch.
True. I would only contend that the above issues are irrelevent where wealth accumulation is concerned.
That gets to how lopsided is too lopsided and thus can't really agree with the statement. Obviously an extreme like 100% of the wealth in the hands of 10% of the population is not only problematic for the 90% with nothing, but also for the 10% with everything.
I think that most righties hearts are in the right place (though certainly not all), they simply are mistaken about the facts and suffer from simplistic thinking without realizing it.
As I said to ed, this issue is as complex is you make it. I think it gets made complex when people would rather blame everything but themselves for the position their in. It's far easier for somene to try and blame their plight on shadow banking and the creation of derivatives than it is to take a look in the mirror and admit you 'bought' a house you had not financial business buying.
Bern, question: You conceded that 'too lopsided' is probably bad, is it too lopsided now? If not now, then what % for the top 1%, top 10%, bottom 60% would "probably" be bad? Don't hedge, don't be afraid, we are all anonomous here. I know you like to insinuate things by posing questions, and using terms like 'possibly' and 'probably'. Take a stand, be commital, and don't give me the "I don't know" answer. I am not asking if you know the answer, I am asking what you think is the answer.
Personally I don't take stands on things I'm not certain about. And pulling numbers out of the air is useless. If you have a point in mind just say so. I think the lopsidedness becomes a problem when the have nots can no longer afford to pay the haves for their goods and services. What percentage that would be I have no idea.
Do you think the difference might be that 10% of the population are not looking for the government to make things right in their lives? Do you think that maybe 90% of the people are expecting the government to "magically" give them wealth (in some shape or form)?
None, zip, zilch, nada, only earned income is taxed.How much of the total of incomes taxed is from unearned income?
None, zip, zilch, nada, only earned income is taxed.How much of the total of incomes taxed is from unearned income?
The wage earners pay the bulk of all taxes, the truly wealthy pay almost nothing in taxes. The truly wealthy do not work for the common wage.
When CON$ give stats about the "rich" paying a huge amount of taxes, they are not talking about the truly wealthy. They are talking about the richest middle class WAGE EARNERS. CON$ always dishonestly use ADJUSTED TAXABLE INCOME which does not include unrealized capital gains INCOME as income. The bulk of the income of the truly wealthy is in the form of unrealized capital gains so the bulk of the income of the truly wealthy goes untaxed.
The middle class wage earner pays the bulk of all taxes and the middle class wage earner gets screwed by BOTH Parties.
That would entail taking actions as do the people they profess to disdain the most.None, zip, zilch, nada, only earned income is taxed.How much of the total of incomes taxed is from unearned income?
The wage earners pay the bulk of all taxes, the truly wealthy pay almost nothing in taxes. The truly wealthy do not work for the common wage.
When CON$ give stats about the "rich" paying a huge amount of taxes, they are not talking about the truly wealthy. They are talking about the richest middle class WAGE EARNERS. CON$ always dishonestly use ADJUSTED TAXABLE INCOME which does not include unrealized capital gains INCOME as income. The bulk of the income of the truly wealthy is in the form of unrealized capital gains so the bulk of the income of the truly wealthy goes untaxed.
The middle class wage earner pays the bulk of all taxes and the middle class wage earner gets screwed by BOTH Parties.
Umm no ed. The reason why unrealized capital gains aren't counted as income is because, by definition, they aren't income. To 'realize' a gain in investments and thus make it truly income, you have to take possession of the gain. If your stock portfolio's VALUE increased from 50k to 100k you only get taxed if you actually take the money out of the system THEN the government can tax you on the 50k.
and no we aren't talking about the middle class wage earners. Even they don't have enough money to account for the majority of income tax revenue.
It's another mind boggler to see people complain about the tax advantages the rich take instead of, gosh I don't know, taking advantage of those tax loopholes or whatever you wan to call them, themselves.
Do you think the difference might be that 10% of the population are not looking for the government to make things right in their lives? Do you think that maybe 90% of the people are expecting the government to "magically" give them wealth (in some shape or form)?
Honestly? I don't know. I don't mean to get too general, but when people make 'observations' about the state of things, it seems they're generally making said observation as way of saying something else. As an example, there's a poster on this forum that loves to note environmental happenings.......it was the hottest year on record, or this glacier is retreating.....okay? What's his point? His point is of course that what he thinks man is doing to the climate is getting out of hand and must be remedied.
In the case of this topic I don't know what the point is. What is someone really trying to say? I don't argue the numbers. But some apparently think this is a disparity that needs to be corrected. Okay, how? Is some benevolent beauracrat supposed to go around making sure everyone has the 'right' amount of money? I don't know what the 90% want. I guess I would consider myself part of that group though and I for one certainly don't expect anyone but me to provide for me. I certainly don't expect someone to just give me whatever amount of money I deem to be enough.
The more I try and wrap my head around it the more befuddling it becomes. I think we all agree that basically the individual is repsonsible for obtaining whatever amount of money they want (as oppossed to it being given), right? (do correct me if there's a disagreement there) So when someone points out that money is not evenly distributed or less evenly distributed or being concentrated in a small group of people, what should I conclude? Should I not conclude that those responsible for how wealth is distributed aren't doing something right?
Stocks are not the only capital asset, so is real estate. As the assets increase in value they are not taxed, kind of like an unlimited IRA with no penalty for early withdrawal. And that advantage is not enough for the greedy, when those assets are finally realized the tax rate is lower than the tax on earned income. If the assets are passed on after death, the first 5 million of the so far untaxed unrealized gain goes untaxed.None, zip, zilch, nada, only earned income is taxed.How much of the total of incomes taxed is from unearned income?
The wage earners pay the bulk of all taxes, the truly wealthy pay almost nothing in taxes. The truly wealthy do not work for the common wage.
When CON$ give stats about the "rich" paying a huge amount of taxes, they are not talking about the truly wealthy. They are talking about the richest middle class WAGE EARNERS. CON$ always dishonestly use ADJUSTED TAXABLE INCOME which does not include unrealized capital gains INCOME as income. The bulk of the income of the truly wealthy is in the form of unrealized capital gains so the bulk of the income of the truly wealthy goes untaxed.
The middle class wage earner pays the bulk of all taxes and the middle class wage earner gets screwed by BOTH Parties.
Umm no ed. The reason why unrealized capital gains aren't counted as income is because, by definition, they aren't income. To 'realize' a gain in investments and thus make it truly income, you have to take possession of the gain. If your stock portfolio's VALUE increased from 50k to 100k you only get taxed if you actually take the money out of the system THEN the government can tax you on the 50k.
and no we aren't talking about the middle class wage earners. Even they don't have enough money to account for the majority of income tax revenue.
It's another mind boggler to see people complain about the tax advantages the rich take instead of, gosh I don't know, taking advantage of those tax loopholes or whatever you wan to call them, themselves. Equally mind boggling that it seems you want government to take even more of people's money as opposed to figuring out how to do with less.
Stocks are not the only capital asset, so is real estate. As the assets increase in value they are not taxed, kind of like an unlimited IRA with no penalty for early withdrawal. And that advantage is not enough for the greedy, when those assets are finally realized the tax rate is lower than the tax on earned income. If the assets are passed on after death, the first 5 million of the so far untaxed unrealized gain goes untaxed.
I say ALL income no matter what the source should be taxed equally with a flat tax and no deductions of any kind.
Wealth isn't distributed...It's earned and accumulated, despite gubmint's best efforts to expropriate as much of it as possible.
Of course it's income, "unrealized" income, but income none the less.Stocks are not the only capital asset, so is real estate. As the assets increase in value they are not taxed, kind of like an unlimited IRA with no penalty for early withdrawal. And that advantage is not enough for the greedy, when those assets are finally realized the tax rate is lower than the tax on earned income. If the assets are passed on after death, the first 5 million of the so far untaxed unrealized gain goes untaxed.
I say ALL income no matter what the source should be taxed equally with a flat tax and no deductions of any kind.
I guess if we have to tax income I don't have a problem taxing it all at the same rate (though I would prefer NO income at all be taxed in favor of a flat consumption tax). I'm simply stating that a gain in the value of something is not, in of itself, income. By definition it's only income when you 'realize' the gain of that value.
Sure he did.Wealth isn't distributed...It's earned and accumulated, despite gubmint's best efforts to expropriate as much of it as possible.
"Wealth isn't distributed...It's earned and accumulated, "
I still think this is the funniest nonsense I have ever read...(except for everything righteous1 types)
wealth is distributed according to position and favoritism...
which is why;
a those doing the distributing have so much wealth
and
b. atheletes, who have EARNED NOTHING, also have so much
as much as I like tiger woods there is NO WAY he has EARNED a billion dollars....
Pure...Unadulterated...Unapologetic...Envy.....Verrrrry gooood.This is one of my major points. The distribution of wealth happens early on in the economic process. As I have said before, it happens when you pay an attorney $400+ per hour, or you pay your CPA $350 to do a simple tax return, or when you pay $150 or more for concert tickets or professional sports tickets, and the list goes on. However, the real bleed also happens in the smaller and numerous expenditures as well, and to a larger cumulative effect. That's why so many are so wealthy. Now, that doesn't mean that Kobe is a bad guy or a mean selfish exploiter. It is not a comment on him or his character at all. The general blame for these inequities is in our economic system itself. I don't blame Kobe for getting as much income as he can. He's not the problem, nor are most high income earners the problem per se. It is a 'built- in problem', a structural problem, a political problem, a legal problem, a policy problem that are all reflected in our economic system that yields these lopsided inequities.