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Income Gap Between Rich an Poor Biggest In A Century

head of joaquin

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Income Gap Between Rich And Poor Biggest In A Century

If you feel you're falling behind in the income race, it's not just your imagination. The wealth gap between the top 1% and the bottom 99% in the U.S. is as wide as it's been in nearly 100 years, a new study finds.

For starters, between 1993 and 2012, the real incomes of the 1% grew 86.1%, while those of the 99% grew 6.6%, according to the study, based on Internal Revenue Service statistics examined by economists at UC Berkeley, the Paris School of Economics and Oxford University ..

The Great Recession hit the top 1% harder than other income groups, but the wealthy recovered quicker too. From 2009 to 2012, as the U.S. economy improved, incomes of the top 1% grew more than 31%, while the incomes of the 99% grew 0.4% - less than half a percentage point.

"This implies that the top 1% incomes captured just over two-thirds of the overall economic growth of real incomes per family over the period 1993-2012," economist Emmanuel Saez of UC Berkeley writes.

The 1929 stock market crash that preceded the Great Depression, followed by World War II, reduced an earlier national income gap for decades. But it began to grow again in the 1970s, and has widened since.

Saez attributes the trend not just to technology and job outsourcing, but to the reduced power of progressive tax policies and unions, along with "changing social norms regarding pay inequality."

Income gap between rich and poor is biggest in a century - latimes.com

The actual study is here: http://elsa.berkeley.edu/~saez/saez-UStopincomes-2012.pdf


Income gaps result in recessions as the rich misallocate more and more wealth to nonproductive activities, such as bubbles, which invariably burst. Historically, the bigger the gap, the bigger the recession. So unless this huge gap is ameliorated by a steep progressive income tax on the top bracket, and other policies (such as making unionization easier and more widespread) to make sure wealth is allocated more evenly over income brackets, we can expect another Bush-style meltdown.
 
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lizzie

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Re: Income Gap Between Rich And Poor Biggest In A Century

Well, yeah, when you have a higher and higher percentage of people moving onto government subsidies for their income base, that's pretty much what happens. We have higher numbers retiring and moving into the social security system, and more and more moving into the disability rolls, which pretty much puts them near the poverty level. With an aging population, a sickly population, and jobs being shipped overseas, this is pretty much to be expected.
 

AlabamaPaul

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Re: Income Gap Between Rich And Poor Biggest In A Century

Well, yeah, when you have a higher and higher percentage of people moving onto government subsidies for their income base, that's pretty much what happens. We have higher numbers retiring and moving into the social security system, and more and more moving into the disability rolls, which pretty much puts them near the poverty level. With an aging population, a sickly population, and jobs being shipped overseas, this is pretty much to be expected.

Why does anyone entertain it?
 

AlabamaPaul

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Re: Income Gap Between Rich And Poor Biggest In A Century

I am occasionally in a good mood, and do it just for the agitation factor. :lol:

Got it. Have fun... :cool:
 

head of joaquin

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Re: Income Gap Between Rich And Poor Biggest In A Century

Well, yeah, when you have a higher and higher percentage of people moving onto government subsidies for their income base, that's pretty much what happens. We have higher numbers retiring and moving into the social security system, and more and more moving into the disability rolls, which pretty much puts them near the poverty level. With an aging population, a sickly population, and jobs being shipped overseas, this is pretty much to be expected.

The premise is false. Higher and higher percentages of people are not moving onto government subsidies. That's just rightwing noise machine talk.

The recession obviously resulted in more people getting unemployment insurance (something they helped pay for, by the way). But that of course is temporary, and of course tea party occupation forces in Congress have systematically obstructed funding to the poor and needy.

The aging of the population shouldn't result in an larger income gap -- that makes no sense since rich people get old at the same rate as everybody else. And indeed, SS is means tested to the extent is has a contribution ceiling.

In any case, the huge unemployment caused by the Bush Meltdown is receding, along with the government benefits paid for it.

As to jobs being shipped overseas (something which of course we could stop), under comparative advantage the aggregate benefit to each nation should be the same, though it is income related. Owners of capital benefit from globalization while unskilled workers bear the burden of suppressed wages. That's exactly why we need a steep progressive income tax.

So this won't do as an explanation.
 
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AlabamaPaul

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Re: Income Gap Between Rich And Poor Biggest In A Century

Unemployment insurance taxes (FUTA, SUTA) are paid by the employer, but I understand that there are some too ignorant to realize this little tidbit...
 

lizzie

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Re: Income Gap Between Rich And Poor Biggest In A Century

The premise is false. Higher and higher percentages of people are not moving onto government subsidies. That's just rightwing noise machine talk.

The recession obviously resulted in more people getting unemployment insurance (something they helped pay for, by the way). But that of course is temporary, and of course tea party occupation forces in Congress have systematically obstructed funding to the poor and needy.

The aging of the population shouldn't result in an larger income gap -- that makes no sense since rich people get old at the same rate as everybody else. And indeed, SS is means tested to the extent is has a contribution ceiling.

In any case, the huge unemployment caused by the Bush Meltdown is receding, along with the government benefits paid for it.

As to jobs being shipped overseas (something which of course we could stop), under comparative advantage the aggregate benefit to each nation should be the same, though it is income related. Owners of capital benefit from globalization while unskilled workers bear the burden of suppressed wages. That's exactly why we need a steep progressive income tax.

So this won't do as an explanation.

Benefits in current payment status
 

specklebang

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Re: Income Gap Between Rich And Poor Biggest In A Century

I've been posting a similar link. The rich get richer. The poor get more benefits (although hardly enviable). It's those middle people that get to eat **** and die.

And just look who the President is. HINT: It isn't GW Bush. HINT: He hired the same money managers who brought us the Bush bubble. HINT: His "stimulus" stimulated the top 1%. HINT: He's pimping a war that will make the MIC richer even though nobody else seems to want this war.

...and I voted for him in 2008. Just saying...
 

trfjr

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Re: Income Gap Between Rich And Poor Biggest In A Century

Income gap between rich and poor is biggest in a century - latimes.com

The actual study is here: http://elsa.berkeley.edu/~saez/saez-UStopincomes-2012.pdf


Income gaps result in recessions as the rich misallocate more and more wealth to nonproductive activities, such as bubbles, which invariably burst. Historically, the bigger the gap, the bigger the recession. So unless this huge gap is ameliorated by a steep progressive income tax on the top bracket, and other policies (such as making unionization easier and more widespread) to make sure wealth is allocated more evenly over income brackets, we can expect another Bush-style meltdown.

take your class warfare crap some where else. No one wants to hear your communist manifesto bull ****. get off your lazy ass and make your own dam pie stop trying to steal a peace from some one who earned it
this is the land of equal opportunity not equal outcome

Im getting sick and tired of these lazy ass progs constantly wanting to steal what some one else earned because they are either to dam lazy or stupid to earn it them selves
they are so ignorant that they don't even understand the basic concepts of wealth they have no clue that wealth is created it isn't finite that needs to be divided evenly
SO WEALTH DOESN'T NEED TO BE REDISTRIBUTED IT NEEDS TO BE CREATED
 
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trfjr

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Re: Income Gap Between Rich And Poor Biggest In A Century

why redistribution doesn't work

◾Much of the money that goes to the government ends up being wasted, resulting in ineffective government programs, and less wealth for EVERYBODY.
◾Many are tempted to assume that money collected by the government goes to help the poor and downtrodden. However, much of that money ends up in the hands of the rich and politically connected, those who have the most resources and ability to lobby for it.
◾Socialism concentrates money and power in the hands of the government. When government grows, the greedy and corrupt don’t go away. Conversely, they now have a more powerful tool in their hands, the government itself.
◾The richer you are, the easier it is for you to avoid increasing taxation and leave the bill to the middle class.
◾A soak-the-rich, high tax strategy inhibits the economy. And who is hurt the most by a slow economy? Not the rich!
with the transfer of earned wealth that socialist policies mandate are a detriment to entrepreneurship and innovation. Entrepreneurship and innovation are driven by the potential for material rewards. If we take away or reduce the material rewards, we’ll have less innovation. Less innovation means less of all the cool, useful, and life-saving stuff we all love.
high taxes and government regulations make it more difficult to start and grow a business, thereby leaving much greater opportunities for those who are already rich and have the resources to overcome those difficulties.
◾social programs create more demand and need for those very programs in a self perpetuating cycle because given government handouts, people come to expect and rely on them. And therefore, you can never spend enough, because the more you do, the greater the need to do so becomes.
◾Social programs are a disincentive to work and act responsibly. After all, if some or all of your needs are taken care of, and if someone else picks up the tab whenever something goes wrong, why would you worry about such minor details as work ethic, productivity, financial responsibility and family obligations? Consequently, when productivity takes a downturn, leading to a shrinking economy, guess who suffers… everybody! Oh and as always, the rich suffer the least.
◾A combination of the above points causes a vicious cycle of decreasing revenues and increasing demand for social spending that results in a socialist government running out of money and having ‘no choice’ but to perpetuated tax increases to every level of society, rich and poor.

Why Socialism and Wealth Redistribution Don’t Work
 

CalGun

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Re: Income Gap Between Rich And Poor Biggest In A Century

Who the heck do you think benefits from the 85 billion a month obummer prints up and hands out? DUH


Income gap between rich and poor is biggest in a century - latimes.com

The actual study is here: http://elsa.berkeley.edu/~saez/saez-UStopincomes-2012.pdf


Income gaps result in recessions as the rich misallocate more and more wealth to nonproductive activities, such as bubbles, which invariably burst. Historically, the bigger the gap, the bigger the recession. So unless this huge gap is ameliorated by a steep progressive income tax on the top bracket, and other policies (such as making unionization easier and more widespread) to make sure wealth is allocated more evenly over income brackets, we can expect another Bush-style meltdown.
 

Neomalthusian

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Re: Income Gap Between Rich And Poor Biggest In A Century

Before I start, I'd like to point out that the leftwing noise machine puts out about 10 threads per day around here about the income and wealth gaps. It's incessant repetition. Over and over and over.

Income gaps result in recessions... Historically, the bigger the gap, the bigger the recession.

It's not the gap that causes the recession. You're peddling a post hoc ergo propter hoc fallacy.

The gap is caused by the bubble, and it gets exaggerated right before it bursts. The bubble is the problem. The gap is simply a warning sign.

So unless this huge gap is ameliorated by a steep progressive income tax on the top bracket, and other policies (such as making unionization easier and more widespread) to make sure wealth is allocated more evenly over income brackets, we can expect another Bush-style meltdown.

The flaw in your thinking is that the gap is not a cause... it's a symptom.

It's like saying pain relief is the cure for cancer. Pain is but a symptom of the cancer, and taking painkillers will only fool your brain into thinking there's no problem. Meanwhile the real problem festers further.
 
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CalGun

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Re: Income Gap Between Rich And Poor Biggest In A Century

Bubbles to the left are balls of soap; they'll never understand cause they're still playing in the tub.


Before I start, I'd like to point out that the leftwing noise machine puts out about 10 threads per day around here about the income and wealth gaps. It's incessant repetition. Over and over and over.



It's not the gap that causes the recession. You're peddling a post hoc ergo propter hoc fallacy.

The gap is caused by the bubble, and it gets exaggerated right before it bursts. The bubble is the problem. The gap is simply a warning sign.



The flaw in your thinking is that the gap is not a cause... it's a symptom.

It's like saying pain relief is the cure for cancer. Pain is but a symptom of the cancer, and taking painkillers will only fool your brain into thinking there's no problem. Meanwhile the real problem festers further.
 

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Re: Income Gap Between Rich And Poor Biggest In A Century

Who the heck do you think benefits from the 85 billion a month obummer prints up and hands out? DUH

Banks and stock industry, as that is who is directly getting that money. IE, wealthy people.
 

KevinKohler

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Re: Income Gap Between Rich And Poor Biggest In A Century

Before I start, I'd like to point out that the leftwing noise machine puts out about 10 threads per day around here about the income and wealth gaps. It's incessant repetition. Over and over and over.



It's not the gap that causes the recession. You're peddling a post hoc ergo propter hoc fallacy.

The gap is caused by the bubble, and it gets exaggerated right before it bursts. The bubble is the problem. The gap is simply a warning sign.



The flaw in your thinking is that the gap is not a cause... it's a symptom.

It's like saying pain relief is the cure for cancer. Pain is but a symptom of the cancer, and taking painkillers will only fool your brain into thinking there's no problem. Meanwhile the real problem festers further.


How would you prevent bubbles? They are historically created by wealthier people, and then excascerbate a by even wealthier/rich people.
 

code1211

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Re: Income Gap Between Rich And Poor Biggest In A Century

Income gap between rich and poor is biggest in a century - latimes.com

The actual study is here: http://elsa.berkeley.edu/~saez/saez-UStopincomes-2012.pdf


Income gaps result in recessions as the rich misallocate more and more wealth to nonproductive activities, such as bubbles, which invariably burst. Historically, the bigger the gap, the bigger the recession. So unless this huge gap is ameliorated by a steep progressive income tax on the top bracket, and other policies (such as making unionization easier and more widespread) to make sure wealth is allocated more evenly over income brackets, we can expect another Bush-style meltdown.




How can this be?

Your leader, the enlightened one, has been working tirelessly from his golf cart for 5 years to correct the injustices of the last couple centuries.
 

PeteEU

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Re: Income Gap Between Rich And Poor Biggest In A Century

why redistribution doesn't work

It does since redistribution is the basis of modern society... but okay.

◾Much of the money that goes to the government ends up being wasted, resulting in ineffective government programs, and less wealth for EVERYBODY.

And with money going to the private sector unregulated then it ends up with the few aka the 1% and the rest get more and more poor. Government may be ineffective but at least it should be on the peoples side and not the 1% wealthiest... now of course we are talking the US so government and the 1% are sleeping buddies but still.

Government is only as inefficient as politicians make it.

◾Many are tempted to assume that money collected by the government goes to help the poor and downtrodden. However, much of that money ends up in the hands of the rich and politically connected, those who have the most resources and ability to lobby for it.

Yes it does.. that is corporatism which is what happens in the US. Now this is not a left wing idea, but a right wing .. big time. Free markets which are not free and massive regulation based on protecting the 1% and their wealth is exactly what happens in the US.

Had Reagan and the GOP been true free market promoters, then they would have long ago opened up US markets, both to international companies but especially to internal companies. That it is only recently that HMOs were allowed to sell their products across state borders... is mindboggling. And it is far from the only example.

◾Socialism concentrates money and power in the hands of the government. When government grows, the greedy and corrupt don’t go away. Conversely, they now have a more powerful tool in their hands, the government itself.

But that is not what is going on in the US. It has zero to do with socialism, because the backbone of socialism is to help the general population. That is certainly NOT happening in the US.. here government has grown to protect the 1% and big business at the cost of the masses. That has been right wing policy since Reagan...Conservative values and ideas died with Eisenhower.

◾The richer you are, the easier it is for you to avoid increasing taxation and leave the bill to the middle class.

Yes.. thanks to the 1% owning government.

◾A soak-the-rich, high tax strategy inhibits the economy. And who is hurt the most by a slow economy? Not the rich!

Bull****, since you already said that the rich avoid paying their fair share of taxes.. It does not slow the economy and the proof is the US. Taxes have never been as low as they are now, and the wealthy have never been as rich.. and yet the economy for the masses are is in the toilet. According to you then the lower the taxes for the wealthy should mean that this money will be put into the economy and help the rest of the population... the so called trickle down effect.. which time and time again has been debunked.. it does NOT work.

with the transfer of earned wealth that socialist policies mandate are a detriment to entrepreneurship and innovation. Entrepreneurship and innovation are driven by the potential for material rewards. If we take away or reduce the material rewards, we’ll have less innovation. Less innovation means less of all the cool, useful, and life-saving stuff we all love.

Sorry but that is not exactly true. Transfer of wealth is to help the less well off to get up the wealth ladder so to say. If it was not for transfer of wealth, then there would be no entrepreneurship or innovations because they would not have the ability to get loans and credit to do such things. And there is a massive material reward in the US .. the richer you get the less you have to follow the law and pay taxes.. aint that an incentive?

Transfer of wealth from the well off to the less well off has been a cornerstone of modern western society since forever. In the 1800s it was the uber wealthy that had a social backbone and gave most of their wealth to the poor and masses, but now days only a few do that. Instead it is up to government to attempt to redistribute wealth, but the US government is piss poor in doing that since it is more like the poor give money to the rich instead of the other way around.

high taxes and government regulations make it more difficult to start and grow a business, thereby leaving much greater opportunities for those who are already rich and have the resources to overcome those difficulties.

Yes and no.. high taxes have not stopped business growth in Scandinavia. Nor has government regulations.. the problem comes when those regulations are more than there are needed.. like in Spain and France. Fact is there is a big difference between on paper taxes and actual taxes.. especially when it comes to business.. the bigger the company the less taxes they pay.. and THAT is the biggest problem. It is simply hard for small and medium business to start up in most countries due to big business being bullies and stacking the deck against upstarts and smaller companies. Fix this problem and watch growth like you have never seen before.

◾social programs create more demand and need for those very programs in a self perpetuating cycle because given government handouts, people come to expect and rely on them. And therefore, you can never spend enough, because the more you do, the greater the need to do so becomes.

Yes and no. Social programs should only be used as a help to get on your feet. The problem happens when social programs are better than getting a job. Let me give you and example. A single mother on benefits... she can get at minimum wage, but the child care costs would eat up her whole income after paying for housing.. to me that is not worth doing then. So what is the solution? Cut the benefits? No, because you would have to cut them so much that she and her kid would basically not be able to pay for housing and food. The solution is to provide childcare that is either free or affordable.

Benefit programs should always be designed to give people a helping hand and not become something to live off.. but the problem is that social programs more than often do not take real life into consideration as shown above.

◾Social programs are a disincentive to work and act responsibly. After all, if some or all of your needs are taken care of, and if someone else picks up the tab whenever something goes wrong, why would you worry about such minor details as work ethic, productivity, financial responsibility and family obligations? Consequently, when productivity takes a downturn, leading to a shrinking economy, guess who suffers… everybody! Oh and as always, the rich suffer the least.

Again yes and no.. there are segments of society that live on benefits in all countries.. but they are small numbers in most countries relative to those who use the social programs to get back on their feet. Now do you want to punish the few slackers by hurting also those who use the program to get on their feet? Do you want starving poor people living on the street?.. no wait you already have that en mass in the US... guess it would be no change then! :)

◾A combination of the above points causes a vicious cycle of decreasing revenues and increasing demand for social spending that results in a socialist government running out of money and having ‘no choice’ but to perpetuated tax increases to every level of society, rich and poor.

Why Socialism and Wealth Redistribution Don’t Work

Now if you are talking about the US (and a few other countries) it is wrong. The problem in the US is a lack of tax income due to a tax system that only slightly better than the Greek tax system. The fact that the 3rd richest man on the planet pays less in % than his hard working but well paid secretary is ... mind boggling. The fact that 43% pay no federal taxes is crazy.. but why dont they? Because they dont have the income to meet the threshold of paying federal taxes... and that means that 43% of the population is actually barely scraping by.

On top of the lack of tax income you have massive waste due to government being owned by the 1%. The amount of government subsidies the US pays out to big corporations and military contractors is mind boggling.

Add to that all the loopholes, stupid regulation protecting big business in many areas of the country and corrupt political system and you have a serious problem.

A good example.. Tesla. The company is banned from selling in several states because of local laws protecting car dealerships. Err what ever happened to the free market? Or telecommunications/cable companies who have defacto monopolies in many cities and states because of legislation? Or the fact that you are a criminal if you buy Asprin in Canada and take it across the border... All this type of rules are mostly put in place by right wing legislation over the last 50 years... please note the mostly.

No the American problem is not socialism.. it is a right wing that lives in a fantasy world where everything that is bad is socialism and not realizing that they are in large part causing the problems with their own policies and ideas because their whole political structure is utterly corrupt and protects the 1%
 

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Re: Income Gap Between Rich And Poor Biggest In A Century

These figures are simply part of a continuing trend in our nation that many refuse to accept because of its consequences. We are a democratic republic with a Constitution. The franchise is widespread. People will simply not accept that they must get poorer while a tiny number get richer. that is not in the cards. We can either change this trend or we can prepare for the negative consequences of it.

And that decision is coming fast upon us.
 

imagep

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Re: Income Gap Between Rich And Poor Biggest In A Century

How can this be?

Your leader, the enlightened one, has been working tirelessly from his golf cart for 5 years to correct the injustices of the last couple centuries.

Because those on the right block his actions. You see the president doesn't make laws. I would have thought that you knew that already.

And how is it possible that we have welfare or redistribution at all? Didn't Bush have several years where the republicans held control of both houses of congress? Why didn't republicans repeal redistribution? I'l give you a hint: because it's necessary to keep our economy going.

That said, before you attack me for being a socialist or something, I do not support any form of means tested welfare. I just understand that if all income classes don't increase in income and wealth at about the same rate, that ultimately all economic resources would accumulate in the hands of the few, and our free market capitalistic economy would end.

Redistribution doesn't have to mean "robbing from the rich to give to the poor". It can be as simple as having a high minimum wage, or a more progressive income tax system. Means tested welfare just makes our economy worse, by encouraging those at the bottom to not be productive.
 

mbig

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Re: Income Gap Between Rich And Poor Biggest In A Century

When new wealth gets concentrated in the hands of a few who already have it, it creates No demand No New jobs
It has little-to-no Velocity.
Reducing the top marginal Income tax rate And Cap Gains/Divs/Estate-Tax rates has Not helped anyone but the very few.

plutocracy.jpg
 
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Gardener

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Re: Income Gap Between Rich And Poor Biggest In A Century

When new wealth gets concentrated in the hands of a few who already have it, it creates No demand No New jobs

No new jobs? What about all the positions it creates for radio demagogues selling their snake oil to the stupid and ignorant so as to create support for this voodoo among those it so obviously dispossesses?
 

code1211

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Re: Income Gap Between Rich And Poor Biggest In A Century

Because those on the right block his actions. You see the president doesn't make laws. I would have thought that you knew that already.

And how is it possible that we have welfare or redistribution at all? Didn't Bush have several years where the republicans held control of both houses of congress? Why didn't republicans repeal redistribution? I'l give you a hint: because it's necessary to keep our economy going.

That said, before you attack me for being a socialist or something, I do not support any form of means tested welfare. I just understand that if all income classes don't increase in income and wealth at about the same rate, that ultimately all economic resources would accumulate in the hands of the few, and our free market capitalistic economy would end.

Redistribution doesn't have to mean "robbing from the rich to give to the poor". It can be as simple as having a high minimum wage, or a more progressive income tax system. Means tested welfare just makes our economy worse, by encouraging those at the bottom to not be productive.



It could also mean encouraging the movers and the shakers to create additional wealth and creating an environment that encouraged the movers and the shakers to help the people.

As it is, the Obama administration is creating an economic environment in which it is stupid to employ full time workers, is stupid to make profits and is stupid to make investments.

It is wise on the other hand, to cut the hours of workers, reduce benefits and hold on to cash rather than invest it in capital improvements.

That is the fruit of the Obama policies of punishing the rich.

How's this been working out for you? We have a labor participation rate that is about 3% of the population lower than it was 10 years ago and dropping like a stone in a pond. If we had the same particiaption rate now as we did then, the unemployment rate would be about 10.5%.

This is a Depression level number. Your man is a failure. His utter ineptitude is evidenced in everything he does and says. His latest series of fumbles and foibles on the whole Syria debacle is an excellent display of how every move he makes is a benefit to the further destruction of our national interest and prestige.

Obama has one and only one talent and that is winning elections. in that he is a genius and in all other things related to presidency, he's an idiot. A true savant.
 

Grant

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Re: Income Gap Between Rich And Poor Biggest In A Century

It could also mean encouraging the movers and the shakers to create additional wealth and creating an environment that encouraged the movers and the shakers to help the people.

As it is, the Obama administration is creating an economic environment in which it is stupid to employ full time workers, is stupid to make profits and is stupid to make investments.

It is wise on the other hand, to cut the hours of workers, reduce benefits and hold on to cash rather than invest it in capital improvements.

That is the fruit of the Obama policies of punishing the rich.

How's this been working out for you? We have a labor participation rate that is about 3% of the population lower than it was 10 years ago and dropping like a stone in a pond. If we had the same particiaption rate now as we did then, the unemployment rate would be about 10.5%.

This is a Depression level number. Your man is a failure. His utter ineptitude is evidenced in everything he does and says. His latest series of fumbles and foibles on the whole Syria debacle is an excellent display of how every move he makes is a benefit to the further destruction of our national interest and prestige.

Obama has one and only one talent and that is winning elections. in that he is a genius and in all other things related to presidency, he's an idiot. A true savant.

Thomas Sowell, who really should have won the Nobel Prize, summed it up in a way that even Leftists can understnd. You Can
 

code1211

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Re: Income Gap Between Rich And Poor Biggest In A Century

Thomas Sowell, who really should have won the Nobel Prize, summed it up in a way that even Leftists can understnd. You Can



This simply one of those prima facia things that Liberals think they can get away with.

They make the argument based on get even ism and when they win the argument, the people to whom they are pandering lose.

By the end of the Obama administration, we will have lost 10 years of creative career building for those that had the misfortune to begin their adult lives with this pathetically inept and pessimistic community organizer in the White House.

There are many MBA's working as the night manager at Taco Bell or on the cleaning crew of the building where they should be entry level management trainees. It's sickening.
 
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