Political Forums  

Go Back   Defending The Truth Political Forum > Political Issues > Money and Finance > Economics


Thanks Tree72Thanks
Reply
 
LinkBack Thread Tools Display Modes
Old December 3rd, 2017, 08:10 AM   #31
Put some ice on that
 
Sabcat's Avatar
 
Join Date: Dec 2013
Location: Earth
Posts: 26,138
Quote:
Originally Posted by right to left View Post
Well that's a relief! Here I was worried that inequality is created by business interests who've bought most politicians and government officials necessary to write the kinds of tax law and regulations that suit their interests!

Which 'state' has this majority of the wealth? Recent numbers inform us that six men own equal wealth and assets as the 3.5 billion poorest half of the global population
The Federal Reserve is actually a banking cabal with the largest banks having controlling interest. As if Janet Yellen has been telling them what to do! More like "keep giving me that zero interest QE money Janet and we'll loan the money back to you at interest to finance the federal debt!" It's a better racket than anything the Mafia ever came up with!
As for licensing and regulations on business: take it away and they'll go back to poisoning our food and the environment to increase profitability.

A parasitic state that provides your roads and basic services, schools, libraries, parks, rec facilities and the 800 pound gorialla - the military, security and surveillance state operations that gobble up more than a trillion dollars per year..when all the blackbook costs are added together. Costs a lot of money to run an empire, and somebody has to pay for it!


Your posts supports my premise.


Thanks you.
Sabcat is offline  
Old December 3rd, 2017, 08:57 AM   #32
Senior Member
 
Hollywood's Avatar
 
Join Date: Dec 2014
Location: Memphis, Tn.
Posts: 21,930
Quote:
Originally Posted by Sabcat View Post
Your posts supports my premise.


Thanks you.
EXACTLY what premise of yours,explained here, might that be and EXACTLY how is it supported by right to left's comments?
Thanks from right to left
Hollywood is online now  
Old December 3rd, 2017, 09:46 AM   #33
Senior Member
 
Join Date: Dec 2012
Location: California
Posts: 18,055
Quote:
Originally Posted by Hollywood View Post
I refer you to post #5.
Maybe it's time for you to ask yourself, who is in charge of ensuring a level field when it comes to business in this country. Is that what we're seeing? Or is the game rigged in favor of big-business who have the means of buying politicians. The answer is always the same, "fallow the money".
caconservative is offline  
Old December 3rd, 2017, 09:48 AM   #34
Senior Member
 
Join Date: Dec 2012
Location: California
Posts: 18,055
Quote:
Originally Posted by Hollywood View Post
I do not HAVE to "realize" jack shit.
You didn't have to tell me that! Your cognitive level doesn't permit it.
Thanks from Sabcat
caconservative is offline  
Old December 3rd, 2017, 10:00 AM   #35
Senior Member
 
Join Date: Dec 2012
Location: California
Posts: 18,055
Quote:
Originally Posted by goober View Post
Look I don't have a problem with someone making twice as much as someone else or ten times as much as someone else.
When 1% of the people control 40% of the wealth, it's a warning that the system is failing.
When the average wealth of the top 5% of a country is 90 times the median wealth, that's a warning.
It makes the economy inefficient, it slows down growth.

Here we are, 35 years after the Reagan tax cuts and growth has averaged 1.8% for the last 16 years, and those were huge tax cuts.
How is adding little tax cuts going to do anything other than blow up the deficit?

Why do you think that 5 of the last six Republican Presidents left office with higher unemployment than the day they took office? Do you think it's because they know how to create jobs? They just keep it a secret....
That 1% is made up of tens of thousands of people who invest in the corporation that are paying 70% of the taxes. Over taxation and regulation slows growth. The 1.8% growth was a result of Obimbo regulations. Presidents do NOT create jobs! Seventy percent of all business done in this country is done by small-business. During the Obimbo administration they saw the biggest failure rate in modern day history. That is not by chance, that is a result of over-regulation and taxation.
Thanks from Sabcat
caconservative is offline  
Old December 3rd, 2017, 10:10 AM   #36
Senior Member
 
Join Date: Dec 2012
Location: California
Posts: 18,055
Quote:
Originally Posted by Clara007 View Post
Here's where so many pundits get it wrong. Wealth is NOT just about money. Wealth is about power, control, education, rules, politics, employment. The question is whether the playing field is level. Equality of opportunity isn’t just a matter of fairness. No society can expect to thrive if it doesn’t fully tap the talent and ability of its entire workforce — including those who happen to be born poor.
There's something called "human capital" and another thing called "balance" within our society. When 1% of the people control "human capital" and all the aspects of wealth, including our lawmakers, court systems and White House, we have absolutely no balance and certainly NO level playing field.

Forbes says this: Financial inequality is rising in the United States, but most of the rise is at the top of the distribution. It is not a ‘rich-poor’ gap opening up, but a ‘rich-everyone else’ gap. The top are pulling away from the rest, and the very top are pulling away even faster.

AND let's face it. If we had a magnanimous group of super wealthy folks (and we do have some) the world/nation would be a better place, but we DON'T. That's why the new GOP tax plan is a joke. The CEOs are NOT (and they admit it) going to share the wealth--at least most of them won't. They aren't going to hire more staff. They aren't going to give more to churches/charities. They aren't going to build more business. They aren't going to give their employees a raise.
What they are going to do is buy up more shares of their stock so they can control MORE wealth. In fact, with their mergers and acquisitions, our CEOs MAY decide to reduce jobs because their companies may consolidate duplicative departments.
AND what about the elimination of the estate tax? Who does that benefit? Anyone here on DTT? Doubtful....unless your family left you a whopping $5-10 million.

Here's how desperate this situation is and this info is dated 2016: The richest 1% now has as much wealth as the rest of the world combined. Let that sink in.
Then look to the government, as a whole, for your answers. Who sets up the regulations and taxes? At some point your going to have to recognize that Constitutional limits on this government no longer exist. The federal government no longer exists. It has been replaced by a National government only interested in complete power over the states, and we the people.
Thanks from Sabcat
caconservative is offline  
Old December 3rd, 2017, 10:13 AM   #37
Senior Member
 
Hollywood's Avatar
 
Join Date: Dec 2014
Location: Memphis, Tn.
Posts: 21,930
Quote:
Originally Posted by caconservative View Post
Then look to the government, as a whole, for your answers. Who sets up the regulations and taxes? At some point your going to have to recognize that Constitutional limits on this government no longer exist. The federal government no longer exists. It has been replaced by a National government only interested in complete power over the states, and we the people.
So why are you not opposing Trump and the republican led Congress? Who do you think heads this "national governemnt" you pretend to oppose?
Hollywood is online now  
Old December 3rd, 2017, 11:19 AM   #38
I'm debt free
 
TNVolunteer73's Avatar
 
Join Date: Nov 2012
Location: Lebanon, TN
Posts: 35,546
Quote:
Originally Posted by Hollywood View Post
So why are you not opposing Trump and the republican led Congress? Who do you think heads this "national governemnt" you pretend to oppose?
Trump is trying to limit the powers of the Federal Government outside what is written into the US Constitution.

So far he as gotten rid of a 1000 or so Government Regulations... which is a nice start

Now he is about to sign a bill that limits the amount of MY MONEY the federal Government thinks it owns.
Thanks from Sabcat
TNVolunteer73 is offline  
Old December 3rd, 2017, 11:29 AM   #39
Senior Member
 
skews13's Avatar
 
Join Date: Nov 2012
Location: nirvana
Posts: 9,118
Quote:
Originally Posted by Neil View Post
There are some who speak of eliminating income inequality as though it's a problem that needs to be done away with, but it actually isn't.

The only kind of "problem" that can be drawn from the notion of income inequality is envy by those who have less of those who have more.

One way to eliminate the "problem" of income inequality is to force everyone to have an income of 0. As long as we live under capitalism - meaning at some point someone somewhere has to exert force (mentally, physically, or both ways) in order to be able to produce goods and services we need and trade with each other - we're going to have to have some sort of income in some form, and with an income of 0 that means no one can exchange goods & services. We would all have to be 100% self sufficient, which is at best the most inefficient way to live, and at worst not feasible for everyone. This means that's not going to happen.

The only other option is to make it so everyone is getting the same income. This means just about everyone is going to go after the easiest & most comfortable jobs to do, and almost no one is going to go after the difficult or undesirable jobs. Rather than doing the most difficult jobs, such as being scientists, engineers, computer programmers, physicians, dentists, nurses, teachers, professors, airline pilots, etc., the smartest people will be going after the easy jobs just like everyone else (except they'll probably get them first since they're smarter). That leaves people who aren't as smart as them having to do those difficult jobs.

It also means the people who start and run businesses that employ people are not going to have the incentive to start or continue to run businesses, because that's much harder work than being an employee.

There's a reason people get paid more as they climb the ladder, someone's boss gets paid more than them, and not the other way around.

Income inequality is just a natural part of a healthy economy.

I'd rather work for someone getting paid 100 times more than I get paid, be able to make ends meet, have a nice home, a nice car for getting around and back & forth to work, a good computer, nice TV, good food, etc., if all it means is that I might be envious. I'd rather not want my boss to be forced to make the same income I do - not have a job at all & struggle to make ends meet, have a shack for a home, have to walk to work, crap for food, etc.
None of that makes any sense at all.

Income inequality has nothing to do with hard work.

Income inequality isn't based on income.

It is based on capital gains through investment, and companies buying back their own stock for the sake of CEO bonuses and dividends distribution to the top shareholders at the expense of the employees.

Then giving them tax cuts on top of that at the expense of the employees that will pay higher taxes to subsidize those tax cuts, further creating inequality.

Troll post of the year to date. Good job.
skews13 is offline  
Old December 3rd, 2017, 11:32 AM   #40
Political Agnostic
 
Quigley's Avatar
 
Join Date: Aug 2017
Location: Bakersfield
Posts: 1,855
Quote:
Originally Posted by Hollywood View Post
I agree, it is not a disparity, or inequality, in income in and of itself that is a problem.
The problem is the DEGREE of the disparity. That should be obvious.
If the inequality reaches a point where we have pretty much only the very rich and the very poor, with a insignificantly sized middle class a quick look at any history book will tell you the country is headed into complete disaster.
So the problem now becomes WHO makes the decisions to "fix" this. I am not calling you or even implying that you are or might be a Marxist or a Communist....but even in those systems it ends up being a two tiered system.
Quigley is offline  
Reply

  Defending The Truth Political Forum > Political Issues > Money and Finance > Economics

Tags
income, inequality, problem, solving



Thread Tools
Display Modes


Similar Threads
Thread Thread Starter Forum Replies Last Post
Income inequality is bad for everyone, IMF report concludes RNG Economics 54 November 19th, 2015 08:46 AM
Rubio-Lee tax plan means more debt and greater income inequality LongWinded Current Events 3 March 8th, 2015 11:00 PM
Income Inequality roastpork Current Events 6 May 8th, 2014 08:54 AM
GOP senators offer proposals to close 'income inequality' gap guy39 Americas 43 January 31st, 2014 04:49 AM
Obama Causes Income Inequality sumara Current Events 24 December 11th, 2013 07:23 PM


Facebook Twitter RSS Feed



Copyright © 2005-2013 Defending The Truth. All rights reserved.