Why is the OP not participating?This thread is in the Clean Debate Zone. There are no insults permitted. If you can't discuss like an adult you don't belong here.
It's his usual drive-by spam that is undeserving of such a status.
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Why is the OP not participating?This thread is in the Clean Debate Zone. There are no insults permitted. If you can't discuss like an adult you don't belong here.
Why do you care if someone has more money than you?The standard conservative explanation for why inequality has widened is that individuals are paid what they’re “worth” — and that a few Americans at the top are now worth extraordinary sums while most Americans are not.
The people who now hold a record share of the nation’s wealth justify their wealth (and their low tax rates) by utilizing three myths.
The first is trickle-down economics. They claim that their wealth trickles down to everyone else as they invest it and create jobs. Yet for over 40 years, as wealth at the top has soared, almost nothing has trickled down. (Trump provided a giant tax cut to the wealthiest Americans, promising it would generate $4,000 in increased income for everyone else. Did you receive it?)
The super-wealthy do not create jobs or increase wages. Jobs are created when average working people earn enough money to buy all the goods and services they produce, forcing companies to hire more people and pay them higher wages.
The second myth is the “free market.” As I noted above, the ultra-rich claim they’re being rewarded by the impersonal market for creating and doing what people are willing to pay them for. The wages of other Americans have stagnated, they say, because most Americans are worth less in the market now that new technologies and globalization have made their jobs redundant.
Rubbish. There’s no reason why the “free market” would reward vast multiples of what the rich were rewarded decades ago. Besides, the market can induce great feats of invention and entrepreneurialism with lures of hundreds of thousands or even millions of dollars — not billions.
The ultra-wealthy have rigged the so-called “free market” in America for their own benefit. Billionaires’ campaign contributions have soared from a relatively modest $31 million in the 2010 elections to $1.2 billion in the most recent presidential cycle — a nearly 40-fold increase. What have they got for their money? Tax cuts, freedom to bash unions and monopolize markets, and government bailouts. Their pockets have been further lined by privatization and deregulation.
The third myth is that they’re superior human beings — rugged individuals who “did it on their own” and therefore deserve their billions.
Baloney. Sixty percent of America’s billionaires are heirs to fortunes passed on to them by wealthy ancestors. Others had the advantages that come with wealthy parents.
There is no moral justification for today’s extraordinary concentration of wealth at the very top. It is distorting our politics, rigging our markets, and granting unprecedented power to a handful of people.
The undeserving rich, the bank bailouts and America's soaring inequality
Last week’s bailout of small banks (and it was a bank bailout) needs to be seen in the larger context of America’s soaring inequality. The standard conservative explanation for why inequality has widened is that individuals are paid what they’re “worth” — and that a few Americans at the top are...www.rawstory.com
Why do you care if someone has more money than you?
Gotta buy that poor-folk vote with something.I care when some of the 'more money' they have was taken from me and given to them.
Its sad when they are trying toGotta buy that poor-folk vote with something.
The GOP will not in your wildest dreams fail to increase the debt limit.Are you flippin kidding me? What a dumbass. Treasuries will tank if Republican's refuse to increase the debt limit. We default, them suckers will drop like a lead balloon.
First I refer you to the CBO scoring that evaluated the debt created by the BBB bill at 367 billion over ten years. There are multiple tax increases within the BBB and those were evaluated by the CBO. What wasn't calculated was the increase in revenue from additional IRS enforcement measures. Estimates for that revenue are in the 203 billion range over ten years.It goes on the balance sheet when the fed monetizes the debt, which is what is happening since there's no increased revenue.
No tax dollars are being used in the bailout of SVB and Signature Bank.They took an UNSECURED risk and lost. US citizens should not have to pay so they can get all of their money back.
Go to Vegas.
Find the busiest Roulette table.
Walk up to it.
Place a $1,000 bet on RED.
When you loose, start whining and tell everyone else around the table THEY have to bail you out / have to chip in to pay you back the $1,000.
(OR put yourself in the shoes of one of the people being asked to contribute money to pay this loser back - WOULD YOU?)
Uh-huh...good luck with that.
Don't GAF what the hacks flying cover for the ruling class say....Prices don't lie.First I refer you to the CBO scoring that evaluated the debt created by the BBB bill at 367 billion over ten years. There are multiple tax increases within the BBB and those were evaluated by the CBO. What wasn't calculated was the increase in revenue from additional IRS enforcement measures. Estimates for that revenue are in the 203 billion range over ten years.
Are 87,000 New IRS Agents Coming for Your Tax Dollars?
New IRS agents and IRS audits are in the news because of a GOP pledge to abolish the IRS and repeal $80 billion in funding for the agency.www.kiplinger.com
Now we got the projected, and note the word "projected", deficit contribution of BBB at 164 billion over ten years, a far cry from two trillion. And the same thing applies as to what I said before, the money has to be spend, or at least about to be spent, in order for the Treasury to sell bonds to cover the cost. The majority of the spending in BBB has yet to come.
Lie of omission....They're "paying it" with inflation.....Inflation is a back door tax, that hardest hits those least able to weather it.No tax dollars are being used in the bailout of SVB and Signature Bank.
Wall Street â not taxpayers â will pay for the SVB and Signature deposit relief plans
The funds to reimburse depositors will be paid out of the Deposit Insurance Fund, which is made up of quarterly fees assessed on financial institutions.www.cnbc.com