Campbell
Banned
- Joined
- Jan 8, 2013
- Messages
- 2,138
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- Location
- East Tennessee
- Gender
- Male
- Political Leaning
- Liberal
Well now you're not even responding to what I'm saying you're just ranting.
The additional wealth for the upper eschelon came from Republican tax cuts.....Period, End Of Report!! The rich people in this country used to pay their fair part. They also used to serve and put their ass on the line in the wars. Ever since Nixon discontinued the draft and HS grads and neer do wells began to do our fighting all those in the uppercrust do is shuffle papers and watch their monitors. It's not a secret....it's obvious!
umm the upper class tax cuts dont account for that growth,since the rising trend started in the early seventies,unless your somehow going to claim that reagan and bush both own a time machine and put a gun to nixons head and told him to end the gold standard while demanding the fed print money to make the rich richer.
tax rates have pretty much nothing to do with those gains.
Historical Average Federal Tax Rates for All Households
the average seems to only fluctuate by a small percent.
Not unless you're part of the upper 10% you're not.
Hold that line of thinking.....you folks have been found out and all the lying and manipulating of figures to make a point won't work. The reason....it's from the bubble and there's no truth in it.
The upper 10% are the job creators. They are the producers. Ilk like yourself are the consumers.
If you want to stimulate the economy, you invest in the production. You do not waste money on the consumers. They will just consume, and then there will be nothing left.
Having money doesn't mean you created jobs.
Having money doesn't mean you created jobs.
That is correct. But if you want to argue that the people creating jobs aren't in the top 10%, you better start bringing on a lot more than a trite quip to prove it.
My point was that "Rich = Job Creators" is completely wrong. Even if job creators are rich, that does not imply the opposite is true, which we all know is not.
Further, job creation is determined by many more factors than how an individual runs their business. If we wanted, we could claim that banks are the only job creators as they are the ones that provide the necessary capital to facilitate economic expansion. Or we could take it further and state that the Fed is the only job creator as they are the ones that determine bank reserve requirements and interest rates which directly affect bank lending abilities. :2wave:
I don't think I've ever seen a single post that was more wrong than this one. From start to finish, you made statements that make no sense at all and/or are factually incorrect.
Since people making less than the top 10 percent aren't the ones making jobs, you can bet your ass that those in the top ten percent ARE the jobs makers. And mostly the very top percent rather than the entire band. Since a lot of businesses don't begin with bank loans, you can't claim that banks create jobs. And then you further can't claim that the Fed creates jobs with interest rates for the same reason, although the Fed does have some bearing on how the economy is doing and whether or not businesses want to expand and hire or not.
Here's the bottom line. People create jobs. And it's not the poor people that are creating them. So that leaves us one conclusion that you might find objectionable, but if you're honest, you'll accept it. Rich people create jobs.
Since people making less than the top 10 percent aren't the ones making jobs
you can bet your ass that those in the top ten percent ARE the jobs makers.
Since a lot of businesses don't begin with bank loans, you can't claim that banks create jobs. And then you further can't claim that the Fed creates jobs with interest rates for the same reason, although the Fed does have some bearing on how the economy is doing and whether or not businesses want to expand and hire or not.
Here's the bottom line. People create jobs. And it's not the poor people that are creating them. So that leaves us one conclusion that you might find objectionable, but if you're honest, you'll accept it. Rich people create jobs.
Then why does the Republican entourage scream to high heaven every time the Democrats want to tax those earning $250,000 a year. Inevitably they say most of the small businesses earn about that much. Hell.....we heard it every day that taxation was being discussed. How's your memory these days.
Wow. First, those earning 250,000 a year ARE being taxed and have ALWAYS been taxed. And the rest of your point is extraordinarily muddy and I have no idea where you're going with it unless you are trying to argue that only those making 250,000 a year or more are in the top ten percent. The top ten percent in 2010 had incomes exceeding 82,000.00.
I'm fairly certain there are many people who are not in the top 10% who are "making jobs". Many small business owners wouldn't fall into such a category.
One does not follow from the other. Assuming that all job creators are rich, does not imply that all rich people are job creators. One can be rich and have absolutely no business experience or commitment.
Since a lot of businesses don't begin with 10%-earners, you can't claim that 10%ers create jobs.
What jobs did Gloria Mackenzie create?
Dogs wag their tails when they're happy. To argue that statement is false because some dogs don't have tails is silly. Irrelevant. Rich people create jobs.
Small Businesses Created Nearly Half the New Jobs in April
Small businesses created 42 percent of all new jobs in the month of April, according to the ADP National Employment Report. It indicates that 50,000 jobs were created by small enterprises in the month.
They have created a total of 300,000 jobs since the beginning of the year, based on ADP numbers. ADP puts out a monthly report on non-farm, private-sector employment in the United States.
ADP considers any business with under 50 employees to be a small business. Within its data, the largest bulk of new jobs were created in small businesses that employ less than 20 people — what ADP calls “very small businesses.” In total, ADP reports that 67 percent (34,000) of the new jobs in April were created by these very small businesses
Yes it is, it's
one of the four fundamental reasons for its existence.
There won't be a "spike in yields" there will be a general rise across the board over a period of time. Those decrying yield spikes and economic catastrophe are the same people who asserted a couple years ago that we'd have hyperinflation by now. You'll see volatility in the markets in the very short term from people like you freaking out, like we did after Bernanke's stating the obvious earlier this week, but it will all equilibrate.
I made some good money betting on that drop btw.
It wasn't unprecedented at all. In fact, section 2A of the Federal Reserve Act was modified in the late 70's to include maximum employment as a goal of the Fed, 30 years before the economic crisis even happened.
lol, we can, and we are.
No, it's NOT the job of the FED to directly affect job numbers and your'e full of sh** if you think it has.
The FEDS on it's 3 round for a reason, the first two failed ( ofcourse they failed , printing money creates no jobs, just inflation.)
Thank you for sharing that utterly irrelevant non sequitur. I've known quite a few people with "very small businesses" employing less than 20 people and every single one that employed more than one person was making a lot more than 82,000 a year, which put them in the top ten percent.
Poor people don't create jobs. And the middle class don't create jobs, either. Not in any significant number. Tell ya what. If you're middle class (which I doubt since people with your attitude usually don't get that far in life), why don't you hire a full-time employee and tell me how that works out for ya.
LOL!! I hired in at the Oak Ridge Gaseous Diffusion Plant, a uranium factory for the DOE, five days after my 18th birthday, I worked the last 25 years as computer operations supervisor/manager in what was then one of the top 50 mainframe computing centers in the world. We installed Oak Ridge's first supercomputer, a Cray XMP/24 and I was the project manager on that working with all disciplines of engineering. The system cost $8.6 million and we spent another $3 million on site prep....it had two motor/generator sets which converted the 60 cycle power to 240 cycle to come to the power supplies with a smoother current for the DC supplies. An 11.8 KVA load center, a 40 ton refrigeration unit to cool it and the generators filled a room we had made by combining six offices and removing all the interior walls and putting down appropriate flooring.
When I retired in 1993 our center covered 18,600 sq. ft. of floating floor which held $66 million(DOE inventory) worth of computing/telecommunications equipment. Our annual power bill to TVA was over half a million dollars and we were using 350 tons of refrigeration to cool the center.After 41 years service I retired in 1993. I educated three children, two with masters degrees and the other one earns six figures working for the DOE. I retired to a new lakefront home, 220 ft. frontage, we own a dock, boats, irrigation system, two storage buildings, etc. Everything I have is paid for and my wife retired as a Sr web administrator at SAIC and counting the two companies she worked for our combined years of service is 84. We draw two pension checks each month and both of us draw social security. We also have 401K's now rolled over to IRAs and I've pulled $92,000 of pure profit from those accounts beginning in 2010 and we drew the last in February. We still have the principal amount as if we hadn't even touched it. Our combined monthly income adds up to between $50,000 and $60,000 each year. She drives a 2009 Lincoln town car and I have a 2011 F-150 truck with EcoBoost power....sweetest thing you've ever seen.
See pal...I came from the middle class when it really was a middle class. Neither of us attended college though I did take a 2 1/2 year course in electronics back in the 1960's. Beginning with Reagan and his plot to cut taxes for the rich, spend like a drunk sailor and quadruple the national debt I came off the Republican party like a bat out of hell. I had been a dyed in the wool Republican for 30 years but anybody who didn't notice how Reagan fired PATCO and began the downfall of the middle class is not very smart. I wouldn't vote for another one of the T Party cronies of the wealthy and corporations if I were to make it to 100. Oh! One more thing....at one time I had over 40 technical employees reporting to me through three exempt supervisors. I have an idea most of them had as much or more sense than you seem to have.
And you never created one lousy job, yourself. All that wonderful resume. All that middle class success and you never created one miserable lousy job. But that's middle class. Middle class aren't job creators. So thank you for helping me illustrate my point.
I rest my case.
Who in the hell ever said anything about the middle class creating jobs?
Guess you weren't really paying attention. Your Komrade was trying to refute the fact that the job creators are the top ten percent of income earners. Of course that was a big FAIL as your post helped point out. Thanks for that.
Yeah Yeah....what it proves is that more folks than ever are working for substandard wages. The middle class I came from could actually support their families, take a vacation at least once a year, give their children a college education, know the security of good health insurance and retire with a degree of dignity. 'Course my wife and I worked a combined total of 84 years for Union Carbide, Martin Marietta and SAIC........not exactly small companies. Two of them dealt with labor unions on a daily basis. That's exactly why the old middle class disappeared as the unions left the scene. Now if a CEO and his/her cronies decide to screw a group of employees for a better bottom line profit, screw, screw, screw away.
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