Homeless in a bull market? Income inequality clearly defined to the max?

[Luckyone]

Homeless in the greatest bull market ever? How is that possible? We have an economy that is supposed to be bristling with profits, aren't we?.

Is this more growth of the income inequality that has been slowly (but inexorably) killing our country for the past 20 years?

The rich getting richer and the poor going to live under the bridge in bigger numbers than ever before?

Looming evictions may soon make 28 million homeless in U.S., expert says​

By comparison, 10 million people lost their homes in the Great Recession.

Is this not a good time for the rich to start thinking about actively helping the country?

 

[NatMorton]

Homeless in the greatest bull market ever? How is that possible? We have an economy that is supposed to be bristling with profits, aren't we?.

Is this more growth of the income inequality that has been slowly (but inexorably) killing our country for the past 20 years?

The rich getting richer and the poor going to live under the bridge in bigger numbers than ever before?



Is this not a good time for the rich to start thinking about actively helping the country?

How much more will you be contributing?

 

[ttwtt78640]

Not counting those removed from the workforce due to their drug addiction and/or mental illness, that seems to leave (mostly) those with household incomes that have not kept pace with growing housing costs and/or the addition of dependents.

 

[Luckyone]

How much more will you be contributing?

You mean "above what I already have been contributing for years?"

 

[RetiredUSN]

Homeless in the greatest bull market ever? How is that possible? We have an economy that is supposed to be bristling with profits, aren't we?.

Is this more growth of the income inequality that has been slowly (but inexorably) killing our country for the past 20 years?

The rich getting richer and the poor going to live under the bridge in bigger numbers than ever before?



Is this not a good time for the rich to start thinking about actively helping the country?

Where would we be without the top 10% already paying 71% of the taxes?

 

[NatMorton]

You mean "above what I already have been contributing for years?"

Yes. How much more?

 

[swing_voter]

Poor people in America have cars, air conditioning, play stations, big screen tvs, indoor plumbing, etc

And they're often fat.


.

 

[ttwtt78640]

How much more will you be contributing?

Nothing - providing food, clothing and shelter (at a minimum) seems to have become a (federal?) government responsibility. Of course, one must ‘qualify’ to become so entitled - those households that earn (or otherwise have) ‘too much’ are expected to pay for their own basic needs as well as additional taxes to cover those of ‘qualified’ other households.

 

[ttwtt78640]

You mean "above what I already have been contributing for years?"

Yep, since that seems not to have been enough to counter the rise in homelessness (assuming that you feel providing housing for ‘qualified’ folks is a proper government function). Perhaps those ‘contributions’ are being spent on other priorities, like servicing the national debt.

 

[swing_voter]

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give everyone the opportunity to share in the stock market, not just the rich.

 

[aociswundumho]

CNBC: What can be done to make this eviction crisis less devastating?

EB: As an immediate measure, we need a nationwide uniform moratorium on eviction, and it has to be coupled with financial assistance to ensure that the renter can stay housed without shifting the debt burden onto the property owner. The owners that are the most likely to be affected by the eviction crisis right now are those who have small properties and don’t have the financial cushion to make ends meet over a period of months when they’re not receiving that rent. Once that’s in place, we really need to start addressing the root causes of the eviction crisis and the lack of affordable housing.

The lack of affordable housing is is yet another "crisis" caused entirely by government. When governments control the means of production regarding food, the result is shortages and people starve by the millions. When government controls the means of production regarding housing (via zoning laws and building codes), the result is shortages and millions of people end up homeless.

If we want affordable housing then we need to get the rotten filthy government out of the housing market.

 

[ttwtt78640]

The lack of affordable housing is is yet another "crisis" caused entirely by government. When governments control the means of production regarding food, the result is shortages and people starve by the millions. When government controls the means of production regarding housing (via zoning laws and building codes), the result is shortages and millions of people end up homeless.

If we want affordable housing then we need to get the rotten filthy government out of the housing market.

OK, but beware of what you are likely to get by doing so.

Favela - Wikipedia

en.wikipedia.org

 

[ttwtt78640]

Poor people in America have cars, air conditioning, play stations, big screen tvs, indoor plumbing, etc

And they're often fat.


.

Yep, many of the US ‘poor’ definitely do, but not many of the homeless enjoy those perks.

 

[swing_voter]

Yep, many of the US ‘poor’ definitely do, but not many of the homeless enjoy those perks.

99% of the homeless are on drugs or alcohol.

.

 

[ttwtt78640]

99% of the homeless are on drugs or alcohol.

.

Hmm… so they just have different spending priorities and/or a medical/mental problem.

 

[Taylor]

Nothing we can't exacerbate with more of the "greatest government spending spree ever."

 

[NatMorton]

The lack of affordable housing is is yet another "crisis" caused entirely by government. When governments control the means of production regarding food, the result is shortages and people starve by the millions. When government controls the means of production regarding housing (via zoning laws and building codes), the result is shortages and millions of people end up homeless.

If we want affordable housing then we need to get the rotten filthy government out of the housing market.

Another way is with an array of excessively tenant friendly regs. Landlords are pulling their properties off the rental market because they often lose money renting it or can make more putting the property to other uses.

 

[ttwtt78640]

Nothing we can't exacerbate with more of the "greatest government spending spree ever."

Yep, if you want less of something then tax it and if you want more of something then subsidize it with those funds.

 

[ttwtt78640]

Another way is with an array of excessively tenant friendly regs. Landlords are pulling their properties off the rental market because they often lose money renting it or can make more putting the property to other uses.

Many governments have a vested interest in having constantly rising property values - as assessed property value increases so does their property tax revenue without any need to change the taxation rates.

 

[aociswundumho]

Many governments have a vested interest in having constantly rising property values - as assessed property value increases so does their property tax revenue without any need to change the taxation rates.

Yep, same thing with inflation. Every year we pay our taxes with dollars that have gone down in value, which means higher taxes for everyone without any need to change the taxation rates.

 

[ttwtt78640]

Yep, same thing with inflation. Every year we pay our taxes with dollars that have gone down in value, which means higher taxes for everyone without any need to change the taxation rates.

That only works if wages keep pace with inflation. As many renters are aware, that is not the case.

 

[aociswundumho]

OK, but beware of what you are likely to get by doing so.

Favela - Wikipedia

en.wikipedia.org

No, that's what you get when the government refuses to recognize property rights:

https://www.climatepolicyinitiative.org/wp-content/uploads/2016/08/Insecure_Land_Rights_in_Brazil_CPI.pdf

Why invest in housing when you don't own the land?

Filthy leftism is written right into Brazil's constitution:

Brazil’s Constitution: Land Must Serve a Social Function

Brazil’s Constitution ratified in 1988 has strong provisions for land to serve a social function. Clauses 22 and 23 in Article 5 establish the right to property, and then assert that property must perform a social function. Although not specifically explained in the Constitution, the social function of land can be understood to mean that legislation on and the allocation of land should result in more equitably distributed land and distribute the “benefits and disadvantages of urbanization” in a fair way. It also means that urban policy should promote the public interest.

Primary Housing and Property Laws in Brazil – Rio de Janeiro’s Favelas

catcomm.org

That's right out of a Rand novel.

 

[ttwtt78640]

No, that's what you get when the government refuses to recognize property rights:

https://www.climatepolicyinitiative.org/wp-content/uploads/2016/08/Insecure_Land_Rights_in_Brazil_CPI.pdf

Why invest in housing when you don't own the land?

Filthy leftism is written right into Brazil's constitution:



That's right out of a Rand novel.

We own our (17’ X 56’ manufactured) house outright, but pay $268/month to rent the 1/2 acre lot (with septic) that it sits on. We had to get a building permit from the city for the foundation plan, as well as the electrical, water. A/C and septic connections. Luckily, since I am a registered as a general contractor (with the city) we were able to avoid paying someone else to serve in that capacity. I would not choose to live in a place that lacked (enforced) building codes or zoning laws, but also would not live anywhere with the added layer of a HOA.

 

[Luckyone]

Where would we be without the top 10% already paying 71% of the taxes?

I am so tired of this kind of a post that gives misleading information.

Yes, the rich earn 40% of the income and do pay 71% of the taxes, which does suggest they are paying "more than their fair share". Nonetheless, when you consider that the average American only makes $31,000 a year, if they were to pay a higher share of their income to match what the rich pay, they would not be able to survive. On the other side of the coin, if the rich pay just 2% more than they are paying now, all of our ills would be gone. More importantly, taking an additional 2% away from the rich would not cause them to even lose sleep (much less cause them any economic damage). On the other side of the coin, if the average American were to pay 2% more, they would not be able to feed their family or pay their necessary bills.

This is more about the health of the nation than it is about fairness. If there is no nation, how would those rich American make their money?

This is more about balance of the nation that it is about fairness.

Remember that the rich also have a lot more opportunities given to them. Better schools, better living conditions, better wages from the start etc.... As such, it is already unfair to the middle Americans as they do not have the chance to advance like the son of a rich man has.

So, if you are going to talk about fairness, lets start from the get go when you are born. Give the same opportunity to each and every child from the get go and then we can talk about fairness in paying "fair share in taxes". If a person gets the opportunity but does not take advantage of it, then he should pay his "fair share". As long as unfairness starts from the minute you are born, the rich cannot claim unfairness in paying taxes.

 

[Luckyone]

Yep, since that seems not to have been enough to counter the rise in homelessness (assuming that you feel providing housing for ‘qualified’ folks is a proper government function). Perhaps those ‘contributions’ are being spent on other priorities, like servicing the national debt.

See the post (#24) that I just put out. It will answer your question.