But there's no income inequality

[wdmso]

The top 26 billionaires own $1.4 trillion — as much as 3.8 billion other people

Most of these mega-wealthy are American


taxing the wealthy as high as 70% doesn't sound so crazy now does it

[wdmso]

Billionaire wealth has risen by an annual average of 13 percent since 2010 – six times faster than the wages of ordinary workers, which have risen by a yearly average of just 2 percent.

The number of billionaires rose at an unprecedented rate of one every two days between March 2016 and March 2017.


It takes just four days for a CEO from one of the top five global fashion brands to earn what a Bangladeshi garment worker will earn in her lifetime.

In the US, it takes slightly over one working day for a CEO to earn what an ordinary worker makes in a year.


It would cost $2.2 billion a year to increase the wages of all 2.5 million Vietnamese garment workers to a living wage. This is about a third of the amount paid out to wealthy shareholders by the top 5 companies in the garment sector in 2016.

[Jim in CT]

who said there’s no income inequality? who??

the wealthy will always benefit more, when the economy grows.

all your stats, left out taxes paid by these people, how
much they give to charity, and how
many jobs they create.

they are not the cause of others’ poverty.


Posted from my iPhone/Mobile device

[Pete F.]

Originally Posted by Jim in CT

who said there’s no income inequality? who??

the wealthy will always benefit more, when the economy grows.

all your stats, left out taxes paid by these people, how
much they give to charity, and how
many jobs they create.

they are not the cause of others’ poverty.


Posted from my iPhone/Mobile device

Possibly you could ask Abraham Lincoln or Tucker Carlson about the difference between labor and capital.

Can you have one without the other and does balancing the two have any value.
Lincoln said “ Labor is prior to, and independent of, capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration.”
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[Jim in CT]

Originally Posted by Pete F.

Possibly you could ask Abraham Lincoln or Tucker Carlson about the difference between labor and capital.

Can you have one without the other and does balancing the two have any value.
Lincoln said “ Labor is prior to, and independent of, capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration.”
Posted from my iPhone/Mobile device

i don’t have an issue with tweaking capital gains and dividend tax rates.

my point was, and i’m correct, that no one would
be better off if the
billionaires all burned their money.
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[Nebe]

Originally Posted by Jim in CT

i don’t have an issue with tweaking capital gains and dividend tax rates.

my point was, and i’m correct, that no one would
be better off if the
billionaires all burned their money.
Posted from my iPhone/Mobile device

It’s called trickle up economics. It’s what made the middle class a powerhouse in the 50s
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[Jim in CT]

Originally Posted by Nebe

It’s called trickle up economics. It’s what made the middle class a powerhouse in the 50s
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come on. what made the
middle
class was the fact that american manufacturing was king. that made the middle class. we
manufactured everything.
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[Pete F.]

Originally Posted by Jim in CT

i don’t have an issue with tweaking capital gains and dividend tax rates.

my point was, and i’m correct, that no one would
be better off if the
billionaires all burned their money.
Posted from my iPhone/Mobile device

You’re the only one I’ve ever heard suggest that as a solution for anything.
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[Jim in CT]

Originally Posted by Pete F.

You’re the only one I’ve ever heard suggest that as a solution for anything.
Posted from my iPhone/Mobile device

then what’s the problem with income inequality? why are rich people
part of the conversation, when talking anout ending poverty? they didn’t cause poverty, and they aren’t the cure.
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[Sea Dangles]

Thanks for exposing this,darn that Trump. He must be the reason the Clinton family went from stealing from the White House to being fat cat millionaires.
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[Jim in CT]

Originally Posted by Sea Dangles

Thanks for exposing this,darn that Trump. He must be the reason the Clinton family went from stealing from the White House to being fat cat millionaires.
Posted from my iPhone/Mobile device

the clintons
absolutely sacked that place on the way out. ashtrays, light fixtures, everything that wasn’t nailed
down.
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[spence]

Originally Posted by Jim in CT

the clintons
absolutely sacked that place on the way out. ashtrays, light fixtures, everything that wasn’t nailed
down.
Posted from my iPhone/Mobile device

It’s pretty funny you guys still cling to these falsehoods years later. Still losing sleep over Vince Foster?
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[Nebe]

Originally Posted by spence

It’s pretty funny you guys still cling to these falsehoods years later. Still losing sleep over Vince Foster?
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They probably heard it on infowars 😂😂😂😌😌😌
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[Jim in CT]

Originally Posted by Nebe

They probably heard it on infowars 😂😂😂😌😌😌
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it happened. they had to write a check to the national park service to reimburse them for the stuff they stole. sorry if you don’t like that.

as to billionaires, yes, obsessing over them is a really valuable use of time and energy. it’s not fair that we have wealthy people and poor people, but the wealthy people aren’t, for the most part, hurting anybody. they create wealth, they don’t steal it from others.

nobody is better off if they didn’t create that wealth. nobody. they pay some taxes, give some away, invest some, spend some. all of those things help everybody.
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[Sea Dangles]

Originally Posted by Nebe

They probably heard it on infowars 😂😂😂😌😌😌
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I know you are not so stupid that you would deny it happened. Educate yourself before spouting off like a fool would.even your fake news stations reported the story. But you may have missed it with Trump et al.
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[Sea Dangles]

Originally Posted by spence

It’s pretty funny you guys still cling to these falsehoods years later. Still losing sleep over Vince Foster?
Posted from my iPhone/Mobile device

Only an idiot would deny it happened. Not the Vince Foster part,but the stealing from the white house( which they paid for when caught).
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[spence]

Originally Posted by Sea Dangles

Only an idiot would deny it happened. Not the Vince Foster part,but the stealing from the white house( which they paid for when caught).
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Yea, such brilliant thieves they documented everything they took as a matter of public record. You do know they’ve killed like 28 people right?
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[Cool Beans]

Tax them at 70% ... wont be long until the USA becomes the next Venezuela ... damn socialist idiots.....

[Nebe]

Originally Posted by Cool Beans

Tax them at 70% ... wont be long until the USA becomes the next Venezuela ... damn socialist idiots.....

Trump sure wishes this place was like Venezuela. He would love to be a dictator
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[wdmso]

to funny talking about the clintons


but In the US, it takes slightly over one working day for a CEO to earn what an ordinary worker makes in a year.

and as on Cue Conservatives running to defend Corporations



Corporations have done to the american worker and the middle class

What the Airlines have done to Travel .

Smaller seats, charges for baggage , fees to book your seats ,fees for more leg room so on and so forth and our fellow Conservatives are using the classic argument the fear of socialist but have no fear of a Plutocracy or oligarchy

yet these same people who fear socialist Also see no danger in Trumps actions towards the CIA the FBI or the courts or his use of executive power ... you can't make these things up

[Jim in CT]

Originally Posted by wdmso

to funny talking about the clintons


but In the US, it takes slightly over one working day for a CEO to earn what an ordinary worker makes in a year.

and as on Cue Conservatives running to defend Corporations



Corporations have done to the american worker and the middle class

What the Airlines have done to Travel .

Smaller seats, charges for baggage , fees to book your seats ,fees for more leg room so on and so forth and our fellow Conservatives are using the classic argument the fear of socialist but have no fear of a Plutocracy or oligarchy

yet these same people who fear socialist Also see no danger in Trumps actions towards the CIA the FBI or the courts or his use of executive power ... you can't make these things up

I certainly am not defending corporations, I hope you weren't referring to me. I pointed out the math, which shows clearly that while CEO pay is excessive, it's of no consequence to the rest of us. You can't make that wrong, by wishing it so.

[PaulS]

Originally Posted by Cool Beans

Tax them at 70% ... wont be long until the USA becomes the next Venezuela ... damn socialist idiots.....

Posted from my iPhone/Mobile device some of the biggest economic expansion we've ever had was when the tax rate was 70%. were we a socialist country when we had a 70% tax rate?

[Jim in CT]

Originally Posted by PaulS

Posted from my iPhone/Mobile device some of the biggest economic expansion we've ever had was when the tax rate was 70%. were we a socialist country when we had a 70% tax rate?

no one paid those rates, there were all kinds of ways around it. those were published rates, they weren’t the practical, effective rates. and again, that was after WWIi and we were the worlds
manufacturer. we aren’t anymore, and the shift has been brutal for the
middle class. it has very little to do with the wealthy, and everything to do with globalization. can’t fight that with tax rates on the rich.
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[Nebe]

Originally Posted by Jim in CT

no one paid those rates, there were all kinds of ways around it. those were published rates, they weren’t the practical, effective rates. and again, that was after WWIi and we were the worlds
manufacturer. we aren’t anymore, and the shift has been brutal for the
middle class. it has very little to do with the wealthy, and everything to do with globalization. can’t fight that with tax rates on the rich.
Posted from my iPhone/Mobile device

No one paid those rates because they reinvested the money back into the economy. Holy crap this isn’t rocket science.
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[Jim in CT]

Originally Posted by Nebe

No one paid those rates because they reinvested the money back into the economy. Holy crap this isn’t rocket science.
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Partly, and partly because of loopholes and deductions. So we have no idea what the impact would be, of implementing actual effective rates that high.

You're right it's not rocket science, it's elementary school arithmetic, which you have to abandon to be a liberal. Especially in CT.

[Got Stripers]

Married filing jointly under $165,000 which probably covers a lot of the lower middle class is 22% bracket, yet the rich are only paying 37% I think, I think that could go up and those millionaires are going to feel it. Not suggesting 70% which is crazy, but with the cost of living, school tuitions and medical expenses being what they are, a hit of 22% hurts those people much harder than the 37% to the rich.
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[Sea Dangles]

The middle class nowadays has more than they ever had. Phones,cars,trips. Who goes without? Television and video games....cable tv. For crying out loud we have people on this board with beautiful boats and plenty of money for gas.....all while working unskilled jobs. Am I right about this Wayne?
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[wdmso]

Originally Posted by Sea Dangles

The middle class nowadays has more than they ever had. Phones,cars,trips. Who goes without? Television and video games....cable tv. For crying out loud we have people on this board with beautiful boats and plenty of money for gas.....all while working unskilled jobs. Am I right about this Wayne?
Posted from my iPhone/Mobile device

I am fortunate to already be in the middle class and took me 30 plus years to get here ... these thoughts I present have nothing to do with me and will have little effect on your or My future

they are aimed at the next generation AKA my children and theirs not based on some arrogant suggestion that people are lazy and entitled is the reason the middle class has shrunk.. its not that simple

[Sea Dangles]

Originally Posted by wdmso

I am fortunate to already be in the middle class and took me 30 plus years to get here ... these thoughts I present have nothing to do with me and will have little effect on your or My future

they are aimed at the next generation AKA my children and theirs not based on some arrogant suggestion that people are lazy and entitled is the reason the middle class has shrunk.. its not that simple

Our children’s future will become what they make of it. Hard work will always yield a positive result. I have seen it time and again. That alone is the recipe. No magic potion or political finger pointing will ever change that. You can characterize as you wish but the recipe will remain the same. There are countless 1% who struggled with poverty and overcame adversity to become wealthy. This country is known as the land of opportunity for a reason. That is why we need to build walls.
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[spence]

Originally Posted by Sea Dangles

This country is known as the land of opportunity for a reason. That is why we need to build walls.
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Very Reaganesque of you. WTF?
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