World's 85 richest have same wealth as 3.5 BILLION poorest
- Thread starter nitro
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I am afraid the only way money would actually trickle down is if the government lowered corporate taxes slightly, to around the 25-30% range. But then mandated that 20% of that tax bill be reinvested into this country (USA), in some form of investment which produced jobs that paid a middle class salary. At the same time closing loopholes in which to hide money offshore. This would help the actual economy, however there might be less "profits" on the books, which would hurt stock prices and CEO salaries.
Not to sound like a conspiracy theorist but what the public REALLY doesn't understand is that BOTH parties do nothing more than grant favors for those that put them in office, whether putting them in office was through voting or through donations to their campaign. Politicians are bought and paid for by bankers and titans of industry. When people understand this simple fact...they'll understand why both parties are subject to doing a lot of things that benefit the wealthy but yet hurt the majority.
actually I am not aware that John Kerry mentioned this. He could have, I did not follow politics very close when he was in the head lines.
This is coming from my dad who is a avid politcal/government follower.
Look at the jobs where people are making money, here in texas it is involved with Oil. Here in Texas, one person who has no degree, but really wants to get his hand dirty and work, can earn a great salary. Its not easy work, and its not fun, but the pay is excellent. Why is that? because the big companies are investing back into this country and creating jobs. My friend who was going to school, and not doing well due to being uninterested in books, took a semester off to try working at one of the oil companies in south texas. He found that he really enjoyed making 80k a year starting out. He has since moved on to a Rig in pennsylvania, he does the 2 weeks on and 2weeks off work, and he brings in 150k. Already owns 3 houses outright in my city, rents 2 out and lives in 1.
If companies were to generate jobs that paid 40-60k, the consumers would have extra money in their pockets and everybody would be able to sell their items that are in the store...large businesses and small.
Thats my take on it anyway. Somebody who does not agree with me is welcome to come and shoot my theory down.
This is coming from my dad who is a avid politcal/government follower.
Look at the jobs where people are making money, here in texas it is involved with Oil. Here in Texas, one person who has no degree, but really wants to get his hand dirty and work, can earn a great salary. Its not easy work, and its not fun, but the pay is excellent. Why is that? because the big companies are investing back into this country and creating jobs. My friend who was going to school, and not doing well due to being uninterested in books, took a semester off to try working at one of the oil companies in south texas. He found that he really enjoyed making 80k a year starting out. He has since moved on to a Rig in pennsylvania, he does the 2 weeks on and 2weeks off work, and he brings in 150k. Already owns 3 houses outright in my city, rents 2 out and lives in 1.
If companies were to generate jobs that paid 40-60k, the consumers would have extra money in their pockets and everybody would be able to sell their items that are in the store...large businesses and small.
Thats my take on it anyway. Somebody who does not agree with me is welcome to come and shoot my theory down.
you also realize that when Clinton raised taxes more revenue rolled in
Not if spending gets axed too.
Not if government intervention gets taken away too.
And the probability of that happening is 0%.