Quote:
Originally Posted by wdmso
rich people love guys like you ... your the reason they stay rich you support a party that supports the 1% over the rest of the country
The rich do well no matter which party is in power. Many of the rich support the Democrats and get favorable legislation in return. The Dems like to brag about how the richest states are run by Democrats, and the poorest by Republicans. Somehow, reality doesn't seem to fit your picture of who supports the 1%. There is a leftist political rhetoric that paints your picture, but it is, after all, political. And is meant to persuade "guys like you," as you put it.
The rich aren't rich because they are supported by a political party. Both parties receive support from the rich.
and happily wait under their table thanking them for what falls to the floor.. buying into the fantasy Anyone in American can be like them... that ship has sailed
You said a few posts ago that you own a home, pay your bills, and live comfortably. Are those scraps that fell to the floor? Those scraps are the envy of most people on this planet. And the tax plan is going to drop some more scraps to your floor. But because the 1% are doing so well, your scraps are an insult. Would you have more scraps if the 1% were doing worse?
the bottom 90% held 73% of all debt. According to The New York Times, the richest 1 percent in the United States now own more wealth than the bottom 90 percent.
In 2007 the richest 1% of the American population owned 35% of the country's total wealth, and the next 19% owned 51%. Thus, the top 20% of Americans owned 86% of the country's wealth and the bottom 80% of the population owned 14%.
scraps from the table theory of economics
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Does the top 1% eat 35% of the food and own 35% of the homes, cars, clothes, toys, guns, televisions, computers, etc. in this country? What is meant by owning more wealth?
Does your "all debt" include the debt government owes? latest 2017 stats say that "Total Government And Personal Debt In The U.S. Has Hit 41 Trillion Dollars ($329,961.34 Per Household)." (
https://thedailycoin.org/2017/07/27/...per-household/ And that does not include corporate debt.
So if the federal government debt is around $20 trillion, and the State and municipal debts are around 5 trillion, that leaves personal debt to be about $16 trillion. Which is well less than half the total debt owed in this country. Most of the debt is owed by government, supposedly borrowed on our behalf. And to whom is the government debt owed? A great deal of it is owed to the top 1%. And a lot of that money was borrowed from the top 1% by Democrat politicians--probably more than was borrowed by Republicans. Not that it matters who borrowed it, but gives a lie to your who supports the top 1%.
So the government has handed you a personal bill of $329,961.34. Thanks to both parties but mostly to the Democrats. Can you pay that? Of course not. So who is going to pay for it? Apparently, no one will. Not if the government keeps borrowing from the top 1% to pay for only the interest on the debt. Your children will be left the tab. So they will need a booming economy to provide the jobs and wealth that can chip away at that debt. I guess that's why some politicians, and economists think that structuring tax policies in favor of business growth is more important than merely lowering personal tax rates.