take all the obscene CEO pay, !00% of it and give it to the government and it wouldn't even run the government for one day. Warren Buffets and Bill Gates combined wealth given 100% to the government probably wouldn't last us a week.
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Who Is Screwing The Middle Class? Obama Or Republicans?
- Thread starter AAAintheBeltway
- Start date
what if you took all the electronic dollars created by the federal reserve each year?
take all the obscene CEO pay, !00% of it and give it to the government and it wouldn't even run the government for one day. Warren Buffets and Bill Gates combined wealth given 100% to the government probably wouldn't last us a week.
your conclusion and implicit argument is illogical and disgusting as Obama and the dems.
if the problem is the top 1/2 percent are gathering in all the assets and running society.
isn't the answer to drop the income tax and death tax on the 99.5. and also make sure the safety net is strong for the impoverished.
surely the answer can't be to raise the taxes on the working part of the 99.5%
if you wish to crate a tax policy out of a concern for income distribution... you would only tax the .05 or .02%.
if the problem is the top 1/2 percent are gathering in all the assets and running society.
isn't the answer to drop the income tax and death tax on the 99.5. and also make sure the safety net is strong for the impoverished.
surely the answer can't be to raise the taxes on the working part of the 99.5%
if you wish to crate a tax policy out of a concern for income distribution... you would only tax the .05 or .02%.
There is another factor being missed here. It underlies one reason why Germany is doing better economically than the PIGS, despite there sharing the same currency. (This same factor may suggest trouble ahead for health in the U.S. economy.) Income inequality! Germany enjoys a very low ratio of income of the top 10% to the bottom 10% compared to the PIGS and the U.S. The German labor force is well paid.
Nouriel Roubini recently explained why income disparity that leaves large fractions of a countries workforce barely able to make ends meet is bad for the macro economy. In a nutshell it is because those at the top end of wealth and income spend a smaller fraction of their wealth on consumption of goods and services, and there are relatively few people at the top, whereas those in the lower ranks are many, and they spend a high fraction of their wealth and income on goods and services. But they have only a small fraction of total wealth and income to spend.
This problem does not plague Germany where the wealth and income scale is compressed and a far greater fraction of total wealth and income resides in the middle class.
Roubini seems to be yet another of those tiresome economists that does not subscribe to the popular Republican idea that the best way to help the poor and the middle class is to make the rich richer.
your conclusion and implicit argument is illogical and disgusting as Obama and the dems.
if the problem is the top 1/2 percent are gathering in all the assets and running society.
isn't the answer to drop the income tax and death tax on the 99.5. and also make sure the safety net is strong for the impoverished.
surely the answer can't be to raise the taxes on the working part of the 99.5%
if you wish to crate a tax policy out of a concern for income distribution... you would only tax the .05 or .02%.
Since 70 % of tax revenue comes from those making a million or less per year are you recommending cutting government by 70%. If you do that, how will you Republicans keep your arms factories going and pay for your 2000 new F-35 fighters, and fund your continuous wars for continuous peace? We'd all be over run by commies. :eek: You should settle this argument with Roubini, I'm just a country bumpkin, what do I know?
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your conclusion and implicit argument is illogical and disgusting as Obama and the dems.
if the problem is the top 1/2 percent are gathering in all the assets and running society.
isn't the answer to drop the income tax and death tax on the 99.5. and also make sure the safety net is strong for the impoverished.
surely the answer can't be to raise the taxes on the working part of the 99.5%
if you wish to crate a tax policy out of a concern for income distribution... you would only tax the .05 or .02%.
Taxing only the upper .5% would not raise enough revenue to achieve our national goals. Besides, it's "not fair". Better to get everyone working, at high value add preferably, so that everyone carries a relatively lighter load.
Taxing only the upper .5% would not raise enough revenue to achieve our national goals. Besides, it's "not fair". Better to get everyone working, at high value add preferably, so that everyone carries a relatively lighter load.
Obama's answer is to raise taxes on all the families who earn over $120K per year.
And reduce taxes on those below.Obama's answer is to raise taxes on all the families who earn over $120K per year.
1. wait a damn second here... we are mixing apples and polices.
are we taxing to create fairness or are we taxing to raise revenue via the tax code.
a. if we are taxing to create a more even distribution of wealth we eliminate taxes on the working part of the 95% and create programs to help the poor...
at least agree with the right course of treatment for the supposed cancer of the top .05% gathering in more and more of the assets.
if you don't understand what I am saying... I can explain it simply
if a 5 kids own trillions of legos and legoland and the lego presses. And 500 kids split the remain 600 legos...
you don't tax the kids with 2 legos to give to the kids with one lego... you tax the few kids who own trillons of legos and all of legoland.
b. if we are taxing to raise revenues... lets look at one can be done and why an adjust the policies and the budget withing that scheme.
taking more money from the working class just creates more a gap between the top .05% and everyone else... taxes exarcerbate income mal distribution.
c. if we are worried about govt spending vs revenues and inflation... the first thing we have to do is know how much money the federal reserve is creating every year.
that might be the major cause of dollar debasement not the excess govt spending.
if it is not Federal Reserve dollar creation.... than I agree lets redistribute govt spending away from things that don't work to help out citizens to the things that do.
including the massive waste in the military and the rest of Washington d.c.'s cronies.
are we taxing to create fairness or are we taxing to raise revenue via the tax code.
a. if we are taxing to create a more even distribution of wealth we eliminate taxes on the working part of the 95% and create programs to help the poor...
at least agree with the right course of treatment for the supposed cancer of the top .05% gathering in more and more of the assets.
if you don't understand what I am saying... I can explain it simply
if a 5 kids own trillions of legos and legoland and the lego presses. And 500 kids split the remain 600 legos...
you don't tax the kids with 2 legos to give to the kids with one lego... you tax the few kids who own trillons of legos and all of legoland.
b. if we are taxing to raise revenues... lets look at one can be done and why an adjust the policies and the budget withing that scheme.
taking more money from the working class just creates more a gap between the top .05% and everyone else... taxes exarcerbate income mal distribution.
c. if we are worried about govt spending vs revenues and inflation... the first thing we have to do is know how much money the federal reserve is creating every year.
that might be the major cause of dollar debasement not the excess govt spending.
if it is not Federal Reserve dollar creation.... than I agree lets redistribute govt spending away from things that don't work to help out citizens to the things that do.
including the massive waste in the military and the rest of Washington d.c.'s cronies.
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10 states with the worst taxes for average Americans
http://finance.yahoo.com/news/10-states-worst-taxes-average-152801268.html
http://finance.yahoo.com/news/10-states-worst-taxes-average-152801268.html
"Obama's budget reads like a work of fiction. It's merely the president's announcement of what he'd do if Congress weren't there. It's a party platform with numbers"
http://www.islandpacket.com/2015/02/05/3575851_doyle-mcmanus-obamas-budget-reads.html?rh=1
http://www.islandpacket.com/2015/02/05/3575851_doyle-mcmanus-obamas-budget-reads.html?rh=1