the bottom 40% of Americans paid negative 9.1% income taxes
- Thread starter gwb-trading
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it because taxes have gone up dramatically. not just income tax but state, local, gas, property sin...there is a list of about 100 taxes.
when you steal a mans income he can not save enough to invest and compete and grow. So the cronies win and then ask for more taxes and create more inflation...
inflation is a massive tax which destroys the value of middle class wages and savings.
when you steal a mans income he can not save enough to invest and compete and grow. So the cronies win and then ask for more taxes and create more inflation...
inflation is a massive tax which destroys the value of middle class wages and savings.
"... The progressive tax system is not progressive enough. The gap between the rich and everyone else has grown larger over the last thirty years...."
That's the way it's SUPPOSED to be, dickwad! If you don't like the riches of capitalism and the freedom that goes along with it, why don't you move to Venezuela or Cuba where you can be happy?
Instead of pissn/-and-moan'n "somebody's got more than I... wah, wah, wah", why don't you get off your duff and make your own lot better yourself??
That's the way it's SUPPOSED to be, dickwad! If you don't like the riches of capitalism and the freedom that goes along with it, why don't you move to Venezuela or Cuba where you can be happy?
Instead of pissn/-and-moan'n "somebody's got more than I... wah, wah, wah", why don't you get off your duff and make your own lot better yourself??
I have little time for pols moaning about income inequality or economic justice or other marxist concepts.
However, we have a growing problem, perhaps crisis is a better term, in this country in compensation at the high end of the scale. CEO compensation has been an obscene blight on our system for years. I won't repeat the arguments, except to say that we have a group of people who essentially set their own pay and have lost all sense of shame or propriety. Ut's hard to lecture some one making minimum wage that they don't deserve an increase when the CEO is making $20 or 30 mill for a series of screwups.
Now the disease has jumped from corporate America to the educational establishment. University presidents now routinely are getting million dollar plus contracts, plus a plethora of perks including housing, entertainment allowances etc. Second level administrations, like Deans , Provosts, etc make the equivalent of law firm partners, ie hundreds of thousands a year. Think about this the next time your old alma mater comes calling for dollars. Students meanwhile are hit with massive tuition hikes every year. "Don't worry," they are told," You can borrow the money."
The great irony is most of these extreme high earners, whether from the corporate or education sectors, are virtually all card-carrying liberals, proud Obama supporters. Like most liberals however, they are better at telling others what to do than eating their own cooking.
However, we have a growing problem, perhaps crisis is a better term, in this country in compensation at the high end of the scale. CEO compensation has been an obscene blight on our system for years. I won't repeat the arguments, except to say that we have a group of people who essentially set their own pay and have lost all sense of shame or propriety. Ut's hard to lecture some one making minimum wage that they don't deserve an increase when the CEO is making $20 or 30 mill for a series of screwups.
Now the disease has jumped from corporate America to the educational establishment. University presidents now routinely are getting million dollar plus contracts, plus a plethora of perks including housing, entertainment allowances etc. Second level administrations, like Deans , Provosts, etc make the equivalent of law firm partners, ie hundreds of thousands a year. Think about this the next time your old alma mater comes calling for dollars. Students meanwhile are hit with massive tuition hikes every year. "Don't worry," they are told," You can borrow the money."
The great irony is most of these extreme high earners, whether from the corporate or education sectors, are virtually all card-carrying liberals, proud Obama supporters. Like most liberals however, they are better at telling others what to do than eating their own cooking.