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Income Inequality


RunInRed

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dat Trickle down tho.

I'ma drink this corona... and you all can have whatever "trickles down" after about a half hour.

Go read Washingtons farewell speech, crazy a guy from so long ago saw this coming.

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Rob, let me remind you of one thing: It continued to get even worse with Obama & the Dems in charge.

We have a one party system in the US: THE PARTY OF MONEY.

We really need a true Third Party, or maybe a political party revolution.

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Rob, let me remind you of one thing: It continued to get even worse with Obama & the Dems in charge.

We have a one party system in the US: THE PARTY OF MONEY.

We really need a true Third Party, or maybe a political party revolution.

Bingo!

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A video that changed my life...I know it isnt 100% accurate. There are things wrong with many conceptual videos like this, even so, we need to make serious changes in the way we work as a nation.

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Ah, yes, the Holy Grail of liberalism and the single grievance(some people are getting rich and Im not) that every progressive policy is based upon. I love how those of the Alinskey mindset continue to rub those wounds of discontent trying to force social change. The idea that some folks have very little ambition or desire is not the responsibility of those who have done the necessary to be living their dream. People have different dreams, different ambition levels and different abilities. it is not the govts job to make sure everyone gets what they(the govt)deem is a fair share.

If progressives had their way they'd be quite pleased to see corporate American taken over by the govt so that everyone would get their fair share. Its a ruse and history bears that out. If that happened the class of weathiest individuals would be made up of to govt elites while John Q Public would see opportunities to live his dream shrink exponentially as a result of confiscatory tax policies and excessively burdensome regulation. Instead of whining about some people are getting rich in America we should celebrate it. In fact wealth creation originated in America and is a product of the capitalism we enjoy.

Capitalism is not utopian, hence, it isn't perfect. Using that obvious observation as a baisis, one might make a clever argument that capitalism sucks and it does right up until you compare it to every other system's historical results. In that comparison ,it comes out as THE BEST EVERY TIME but, sadly, the drip drip drip of progressive utopian idealism continues to adulterate it and seems to be inexorably leading(with some's consent) to killing the goose that laid the golden egg. I hope Im dead and gone before that happens.

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A video that changed my life...I know it isnt 100% accurate. There are things wrong with many conceptual videos like this, even so, we need to make serious changes in the way we work as a nation.

Thanks for this link. Eye opening for sure.

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A video that changed my life...I know it isnt 100% accurate. There are things wrong with many conceptual videos like this, even so, we need to make serious changes in the way we work as a nation.

Good graphical representation, what would be even more dramatic would be to place the names of actual people with that large amount of wealth

Top 400 according to Forbes.

http://www.forbes.com/forbes-400/list/3/#tab:overall

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What we've done is get away from the capitalistic free market system that this country was founded on. We're now a crony, quasi socialist nation. Large corporations now use the power of the federal government to squash their competition instead of focusing on improving service or the quality of the product they offer. Large corporations can afford the massive regulations that are out there today. They can absorb the costs of Obamacare. Small businesses cannot so easily meet all these regulations. The government, at the behest of established cronies, sets up a tangled web of things you have to do to enter a particular field that it makes it nearly impossible for someone to start a new business anymore unless you already have a big wad of ready cash on hand. This system is being propped up by both political parties because of the huge financial windfall it creates for them in terms of campaign contributions and lucrative jobs in lobbying after they leave the government.

The wealthy people can prosper no matter what because they have the tools and resources necessary to keep acquiring more income regardless of what happens in the rest of the economy. Now we have a large number of people that are recipients of government handouts and while it's not much money as such they aren't suffering. Some of it isn't even counted as income. These people have a home, food to eat, a television, a cell phone and a car. The middle class that's not on government assistance or not wealthy is the one suffering the most. Government regulations are strangling the economy. Reduce the size of the federal government. Make it so that there is no real profit in trying to influence legislation or regulation one way or the other. Let people keep more of what they earn and just turn them loose and let them do their thing.

One thing that doesn't get a lot of attention is the amount of people that are working via the internet in some form of online business. That is going to change things dramatically over the next few years. It already is. That is one area where, if you do your due diligence and put in the time and effort, you can get started without a lot of startup money and make yourself a nice income. More millionaires are being created this way now than probably all other ways combined.

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Remember, there's a difference between equality of opportunity and equality of outcomes. I'm by no means advocating for the later. However, these Wall Street bonuses are ABSURD. Have we learned nothing since the collapse? Does not look like it ...

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Rob, if we could just get an even floor it would be great, but we have so much invested in cronyism in this nation.

I really dont think anything short of an armed uprising would change it much. Some very progressive tax rates may, but then Congress would likely just take some bribes and fix some loopholes like they always do.

Or do you have a plan in mind to make the changes?

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:rolleyes:

Are you calling ME an Alinsky-ite?

Wow, that is a first.

NO of course not. I was making a broad reference to the liberal political elites in power in Washington now. Believe me or not, they're all well attuned to Alinskey and his methods of trying to force social change.

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:rolleyes:

Are you calling ME an Alinsky-ite?

Wow, that is a first.

NO of course not. I was making a broad reference to the liberal political elites in power in Washington now. Believe me or not, they're all well attuned to Alinskey and his methods of trying to force social change.

And do you think we do not need some social change?
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Remember, there's a difference between equality of opportunity and equality of outcomes. I'm by no means advocating for the later. However, these Wall Street bonuses are ABSURD. Have we learned nothing since the collapse? Does not look like it ...

There's a lot that goes on in America that's absurd....hell, everything thing Al Sharpton does is absurd but nobody is trying to shut him down. How bout the signing bonuses young kids make in professional sports? They haven't done squat yet to deserve that money... Or the money many make per movie in Hollywood or in the music biz? I understand you're upset because the govt bailed them out and now there are people making insane bonuses but you know what? They're performance related and the govt cannot regulate, even though some in Washington sure wish they could, the bonuses these firms pay their employees.

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:rolleyes:

Are you calling ME an Alinsky-ite?

Wow, that is a first.

NO of course not. I was making a broad reference to the liberal political elites in power in Washington now. Believe me or not, they're all well attuned to Alinskey and his methods of trying to force social change.

And do you think we do not need some social change?

It cannot be forced. The outcome will be worse than what we currently have unless you're down with State control of everything. Change is going to come. Its the only constant in life. Forcing it is not necessary.

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I dont know how we define "forcing it" tho.

ACA is likely forcing change too quickly and too far at one time.

However, the VRA was forcing much needed change.

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I dont know how we define "forcing it" tho.

ACA is likely forcing change too quickly and too far at one time.

However, the VRA was forcing much needed change.

Force is defined as a tactic played with emphasis on identity politics. Divide the populace based on identity and constantly rub the wounds of discontent of the so-called victims of society. It is community organizing 101 and I'd be willing to bet a copy of Alinskey's Rules for Radicals is in just about every liberal's desk drawer in Washington.

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I can tell you the root cause. We have drifted away from our Christian foundation. The judeo-christian ethic is the foundation of our society and we have abandoned it. If you are rooted in that and stick to it then all this is a moot point. Get back to it and the social change you want to see will automatically happen. A secular society will naturally move toward selfishness and people trying to get ahead at the expense of others. Some of you will scoff at that but it is the truth.

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Remember, there's a difference between equality of opportunity and equality of outcomes. I'm by no means advocating for the later. However, these Wall Street bonuses are ABSURD. Have we learned nothing since the collapse? Does not look like it ...

Tough for them to learn anything since big banks know that they can risk a great deal of capital and don't have to suffer the full consequences because of a government bailout that uses middle class taxpayers as collateral.

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Remember, there's a difference between equality of opportunity and equality of outcomes. I'm by no means advocating for the later. However, these Wall Street bonuses are ABSURD. Have we learned nothing since the collapse? Does not look like it ...

Tough for them to learn anything since big banks know that they can risk a great deal of capital and don't have to suffer the full consequences because of a government bailout that uses middle class taxpayers as collateral.

tumblr_nckojmxGmE1rcnsrlo1_500.png

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Rob, if we could just get an even floor it would be great, but we have so much invested in cronyism in this nation.

I really dont think anything short of an armed uprising would change it much. Some very progressive tax rates may, but then Congress would likely just take some bribes and fix some loopholes like they always do.

Or do you have a plan in mind to make the changes?

Let's start here ...

- Return to the Clinton-Era tax rates ...

Picture_301.png

- Close the tax loophole that allows hedge-fund managers to avoid taxes by routing their investments through an insurance company in low-tax countries like Bermuda

- Close the tax loophole that allows hedge-fund and private equity managers to pay capital gains tax inplace of ordinary income taxes (i.e., carried interest)

- Reinstate Glass-Steagal, separating commercial and investment banking including preventing commercial banks from trading derivatives and swaps or engaging in hedge fund and private equity activities

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Rob, if we could just get an even floor it would be great, but we have so much invested in cronyism in this nation.

I really dont think anything short of an armed uprising would change it much. Some very progressive tax rates may, but then Congress would likely just take some bribes and fix some loopholes like they always do.

Or do you have a plan in mind to make the changes?

Let's start here ...

- Return to the Clinton-Era tax rates ...

Picture_301.png

- Close the tax loophole that allows hedge-fund managers to avoid taxes by routing their investments through an insurance company in low-tax countries like Bermuda

- Close the tax loophole that allows hedge-fund and private equity managers to pay capital gains tax inplace of ordinary income taxes (i.e., carried interest)

- Reinstate Glass-Steagal, separating commercial and investment banking including preventing commercial banks from trading derivatives and swaps or engaging in hedge fund and private equity activities

I have a better idea. Get rid of the IRS altogether, eliminate the progressive tax rate and levy a 10% tax on all earnings with no exemptions. Then drastically cut corporate taxes which are the HIGHEST in the world while at the same time grandfather the tax free repatriation of nearly a trillion dollars of American multi-national corporate profits that are invested abroad for the sole purpose of avoiding paying taxes in America again.

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