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You said "Obama already cut a large number of government jobs so you can't play that old card" when that is clearly not true. You either educate yourself by supporting your claims with solid evidence or you stay the way you are..If you did.....then you wouldn't have posted it....because it said pretty much opposite of what you claimed.
This country was founded by rebelling against an aristocracy. We have built a new aristocracy, ensuring that the rich are very very rich and stay that way across generations, while poverty is inherited and the lower middle class has little chance to move up. Of course that troubles us. It is antithetical to everything we believe in. Unfortunately, we try to pretend that this problem doesn't exist and many people oppose measures to equal the playing field because they don't want anything holding them down when they become rich.
Then you didn't read the article. The article was about both Republicans and Democrats troubled about income inequality. It is indeed a problem that everyone should be concerned. The French elite were not concerned about it either. But don't lose your head.Newsflash: democrats want to redistribute wealth.
Stop the presses. The New York Slimes is making some groundbreaking discoveries here. No stone left unturned, I tell ya.
Then you didn't read the article. The article was about both Republicans and Democrats troubled about income inequality. It is indeed a problem that everyone should be concerned. The French elite were not concerned about it either. But don't lose your head.
You said "Obama already cut a large number of government jobs so you can't play that old card" when that is clearly not true. You either educate yourself by supporting your claims with solid evidence or you stay the way you are..
You just read the headline, didn't you, and then guessed at the contents. That's an ongoing problem with Leftists and it's finally becoming acknowledged in academia.Uh......go back and read your first link.
You just read the headline, didn't you, and then guessed at the contents. That's an ongoing problem with Leftists and it's finally becoming acknowledged in academia.
Yes, most people in America is indeed very rich. Problem is the middle class has not really gotten any richer than they were 45 years ago. One reason the middle class seems richer is now both husbands and wives work and they work longer hours. Also, even though wages go up, prices go up just as fast.
When you look at hourly wages adjusted for inflation you find that the middle class has stagnated for 45 years.
http://3.bp.blogspot.com/-zdtJ1XIr7...N4/njotJ9D_nTM/s1600/average-hourly-wages.png
Historically the middle class has gotten richer and richer but something has changed. There are two reasons for this.
The first is that the economy has slowed down. But when you look at GDP per person hourly wages still should have gone up. The second reason is that today 1% of people capture most of the economic growth.
In the recovery from our current recession the 1% took 95% of the economic growth from the recovery. Incomes for the rich rose by 31% while those for the middle class rose by .4%.
One percent recovery: 95 percent of gains have gone to the top one percent.
LOL.....yeah riiiiiiiight.......Republicans always know how to make an economy work....that's why they keep trying trickle down and leaving the mess for the next guy to clean up. Obviously your 7 year old cousin is smarter than you.
Who then?The growing gap is concerning.
However, it isn't the role of the government to regulate it...
Who then?
Self-regulation? Ain't happening so far.
Lynch mobs killing CEO's? That's illegal and probably alot of people would die.
In the OP: 6 in 10 Americans are concerned....8 in 10 democrats and a minority of Republicans
Far from a strictly partisan issue, inequality looms large in the minds of almost half of Republicans and two-thirds of independents, suggesting that it will outlive the presidential primary contests and become a central theme in next year’s general election campaign.
Its worked GREAT in Texas.
The Progressive alternative used in California to mandate " equity and fairness " has created a State that leads the Nation in poverty rates and debt
Who's going to clean up THAT mess ?
Unfortunately it should be up to the market.
If the government starts telling companies how much someone is worth and capping higher responsibility positions pay....... at what point do we enter socialism? At what point do we decide to give up all of our choices to the government and let them rule over us like peasants in feudal times?
Why stop at any CEO who the uneducated mob feels makes too much money? Movie stars make too much. Paris Hilton and Barbara Streisand should certainly be incarcerated. So should Le Bron James and Floyd Meriweather. The rabble should seize all their assets and put these celebrities in the streets with the rest of the homeless, once they get past their private policing.Who then?
Self-regulation? Ain't happening so far.
Lynch mobs killing CEO's? That's illegal and probably alot of people would die.
Why strive to get to the upper elite if welfare and food stamps are readily available to get through life? Your stats probably reflect the growth of the welfare state.So, solving inequality is up to the market that created the inequality? What has happened in the past and what is happening now (see below) is that income is being concentrated in the pockets of the upper elite. There is no market force to counter that. In decades past, the solution was to tax high income and wealth; strong unions and a high minimum wage which tend to re-distribute that money down. That's what you see in the 1940s and 1950s.
Credit to Piketty and Saez
You and the WSJ editorial believe these the lucky duckies who have the great good fortune because they're, um, so poor, that they pay no federal income taxes and are eligible for the safety net programs.Why strive to get to the upper elite if welfare and food stamps are readily available to get through life? Your stats probably reflect the growth of the welfare state.
Why stop at any CEO who the uneducated mob feels makes too much money? Movie stars make too much. Paris Hilton and Barbara Streisand should certainly be incarcerated. So should Le Bron James and Floyd Meriweather. The rabble should seize all their assets and put these celebrities in the streets with the rest of the homeless, once they get past their private policing.
Progressive taxation has nothing to do with harming others, it has everything to do with having a good economy. Unfortunately few on the right or the left understand this,
I understand that progressive taxation has nothing to do with having a good economy.
It makes sense though. Who spends more % of the money they earn? Hint, it ain't rich people.
Thus money velocity will come from the hands of the poor, as opposed to the rich, who have a lower propensity to spend.
Bullseye.
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