It's The Inequality, Stupid

It's The Inequality, Stupid (Full Version)

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Hippiekinkster -> It's The Inequality, Stupid (2/23/2011 10:37:51 PM)
Mother Jones has crunched the numbers, and discovered what most of us already knew. The Class War is nearly over, and the rich won. http://motherjones.com/politics/2011/02/income-inequality-in-america-chart-graph Even if the dumb fucks who voted in the Teabaggers and Refucks were to suddenly put 2+2 together, and figure out that there's a direct correlation between their voting preferences, and their finances, it won't do any good. The Middle Class has been destroyed in the US.

rulemylife -> RE: It's The Inequality, Stupid (2/23/2011 10:54:42 PM)
No. I'm sure you are wrong. Bill O'Reilly just told me about the class war being waged on the wealthy. And if can't trust Bill then who can you trust?

Hippiekinkster -> RE: It's The Inequality, Stupid (2/23/2011 11:08:56 PM)
quote: ORIGINAL: rulemylife No. I'm sure you are wrong. Bill O'Reilly just told me about the class war being waged on the wealthy. And if can't trust Bill then who can you trust? I'm sure Mr. Ed's pet jackass will be along any minute with a whole list of citations demonstrating that Americans inflation-adjusted earnings have actually quadrupled, except that they had to give all of the increase to Acorn and Planned Parenthood. Fucking Socialists.

Fellow -> RE: It's The Inequality, Stupid (2/24/2011 2:59:46 AM)
I do not think taxation (as many suggest) would solve the problem. Also, inevitable dollar collapse will make inequality much sharper. I see coming totalitarian state in near future.

DomKen -> RE: It's The Inequality, Stupid (2/24/2011 5:33:14 AM)
quote: ORIGINAL: Fellow I do not think taxation (as many suggest) would solve the problem. Also, inevitable dollar collapse will make inequality much sharper. I see coming totalitarian state in near future. This is fairly simple. A, truly, progressive tax structure would tax those who make the most significantly more than those in the middle class. The money the government takes in would then be spent on infrastructure etc. which would employ middle class people who would spend most of their earnings which would create other middle class jobs. When the wealthy are not taxed sufficiently those same dollars are saved or invested and have a much smaller effect on job creation. A return to a top marginal rate over 40% is vital to the survival of the middle class.

DomYngBlk -> RE: It's The Inequality, Stupid (2/24/2011 6:02:31 AM)
Fuck that. Simply make a limit on total assets.....anything above it comes to the gov't for redistribution or debt relief....And, no, the rich won't leave....Where are they going to go? china?

Sanity -> RE: It's The Inequality, Stupid (2/24/2011 8:30:57 AM)
So the maples formed a union And demanded equal rights 'The oaks are just too greedy We will make them give us light' Now there's no more oak oppression For they passed a noble law And the trees are all kept equal By hatchet, axe and saw

MrRodgers -> RE: It's The Inequality, Stupid (2/24/2011 8:41:10 AM)
quote: ORIGINAL: Sanity So the maples formed a union And demanded equal rights 'The oaks are just too greedy We will make them give us light' Now there's no more oak oppression For they passed a noble law And the trees are all kept equal By hatchet, axe and saw Well we know that the noble law was subsidzed lumber from national forests. Let's not forget why society exists. But you do have it right....it's a matter of nature that 90% are poor and paying for the rich. So just as the Oaks shade the sun, the rich are entitled to our money. God made you one of John Locke's inferior people or Adam Smith's 'labor race' and has spoken...there shall be soclaism for the rich and capitalism for the poor.

LadyPact -> RE: It's The Inequality, Stupid (2/24/2011 8:42:50 AM)
quote: ORIGINAL: DomYngBlk Fuck that. Simply make a limit on total assets.....anything above it comes to the gov't for redistribution or debt relief....And, no, the rich won't leave....Where are they going to go? china? Why leave? If that were the scenario, I'd just retire. Better hope I wasn't one of those folks who was making My money by owning a business, because I'd just shut the thing down and wait until I had depleted enough of My assets to make liquidating worthwhile.

Sanity -> RE: It's The Inequality, Stupid (2/24/2011 8:43:17 AM)
Society exists so that socialists can have a free ride? quote: ORIGINAL: MrRodgers Well we know that the noble law was subsidzed lumber from national forests. Let's not forget why society exists. But you do have it right....it's a matter of nature that 90% are poor and paying for the rich. So just as the Oaks shade the sun, the rich are entitled to our money. God made you one of John Locke's inferior people or Adam Smith's 'labor race' and has spoken...there shall be soclaism for the rich and capitalism for the poor.

DomYngBlk -> RE: It's The Inequality, Stupid (2/24/2011 8:51:45 AM)
quote: ORIGINAL: LadyPact quote: ORIGINAL: DomYngBlk Fuck that. Simply make a limit on total assets.....anything above it comes to the gov't for redistribution or debt relief....And, no, the rich won't leave....Where are they going to go? china? Why leave? If that were the scenario, I'd just retire. Better hope I wasn't one of those folks who was making My money by owning a business, because I'd just shut the thing down and wait until I had depleted enough of My assets to make liquidating worthwhile. And you are supposing there would be no one to take your place in the marketplace? Are you serious or just blowing smoke out your ass

Musicmystery -> RE: It's The Inequality, Stupid (2/24/2011 8:58:08 AM)
quote: ORIGINAL: Sanity So the maples formed a union And demanded equal rights 'The oaks are just too greedy We will make them give us light' Now there's no more oak oppression For they passed a noble law And the trees are all kept equal By hatchet, axe and saw I prune all the different trees in my orchard, I cut back the vines in the vineyard each year, I pinch back berry flowers. Why? It vastly increases yields, along with the vitality of the trees/vines/plants.

MrRodgers -> RE: It's The Inequality, Stupid (2/24/2011 9:00:46 AM)
quote: ORIGINAL: DomKen quote: ORIGINAL: Fellow I do not think taxation (as many suggest) would solve the problem. Also, inevitable dollar collapse will make inequality much sharper. I see coming totalitarian state in near future. This is fairly simple. A, truly, progressive tax structure would tax those who make the most significantly more than those in the middle class. The money the government takes in would then be spent on infrastructure etc. which would employ middle class people who would spend most of their earnings which would create other middle class jobs. When the wealthy are not taxed sufficiently those same dollars are saved or invested and have a much smaller effect on job creation. A return to a top marginal rate over 40% is vital to the survival of the middle class. I agree, to a degree and on the premise but take a different tack. There should be only one top rate at say about 25% to 35% without deductions while the remaining income tax otherwise...should be eliminated. We should tax short term investment income (currently one year called long term [sic] capital gains) at 50%. As gains realized are delayed years...the tax goes down. And kinkroids...do NOT come back with all too typical BS of this being investment that creates jobs...it does not and is supposed to be a necessary incentive to invest when it is not. After all, the hallowed marketplace is supposed to have all of the incentives necessary to invest. Well, isn't it ? Short term so-called capitals gains at 15% is one of the single most immoral aspects of our tax code. Again, kinkdums, don't give me this "I need some schooling crap again.' If you think I don't know and you would be wrong again...then you tell me right here. There are no reasons whatsoever why Bill Gates should pay only 15% on $300 million a year on his dividends...yet another capitalist ruse. What we need is an extremely small tax on aggregate wealth 1% or less as we go down the wealth scale. We also need more collective action by govt. that actually replicates similar devices in the marketplace. If it works for the marketplace, it should work for our tax regime.

Sanity -> RE: It's The Inequality, Stupid (2/24/2011 9:00:51 AM)
Its somehow escaped your attention that jobs and industry have been abandoning the country in droves? Yeah, brilliant idea, kick 'em some more. Who needs employers anyway? quote: ORIGINAL: DomYngBlk Fuck that. Simply make a limit on total assets.....anything above it comes to the gov't for redistribution or debt relief....And, no, the rich won't leave....Where are they going to go? china?

jlf1961 -> RE: It's The Inequality, Stupid (2/24/2011 9:04:35 AM)
quote: ORIGINAL: Sanity Its somehow escaped your attention that jobs and industry have been abandoning the country in droves? Yeah, brilliant idea, kick 'em some more. Who needs employers anyway? Yup, and the Republicans are in the pocket of the businesses that are sending all of those jobs overseas. Personally I think we should tax the hell out of corporations for moving production outside the US.

DomYngBlk -> RE: It's The Inequality, Stupid (2/24/2011 9:05:01 AM)
quote: ORIGINAL: Sanity Its somehow escaped your attention that jobs and industry have been abandoning the country in droves? Yeah, brilliant idea, kick 'em some more. Who needs employers anyway? quote: ORIGINAL: DomYngBlk Fuck that. Simply make a limit on total assets.....anything above it comes to the gov't for redistribution or debt relief....And, no, the rich won't leave....Where are they going to go? china? And they are leaving because of tax policy? LOL.....good lord...think before you type.

LadyPact -> RE: It's The Inequality, Stupid (2/24/2011 9:09:22 AM)
quote: ORIGINAL: DomYngBlk And you are supposing there would be no one to take your place in the marketplace? Are you serious or just blowing smoke out your ass Oh, I'm sure there would be, at whatever time it actually became lucrative for Me to actually sell the business. If My accountant came to Me in September saying that if I turned any more profit for the year, I'd be over the asset cap, I'd just shut the business down. The amount that I'd have in assets wouldn't change any because I'd still own the same property and equipment, but there would be no need for Me to continue attempts to make a profit. So, I shut down, maybe spend a couple of years traveling before I sell everything off. With an asset cap, there's no longer an incentive for Me to stay in business. Sure. Somebody else could come along and take My place. Maybe even create jobs for the number of employees that got their pink slip in September because it was no longer worth it to Me from a financial perspective to keep them employed. That is, of course, once somebody else actually wanted to create those jobs again.

DomYngBlk -> RE: It's The Inequality, Stupid (2/24/2011 9:09:27 AM)
quote: ORIGINAL: jlf1961 quote: ORIGINAL: Sanity Its somehow escaped your attention that jobs and industry have been abandoning the country in droves? Yeah, brilliant idea, kick 'em some more. Who needs employers anyway? Yup, and the Republicans are in the pocket of the businesses that are sending all of those jobs overseas. Personally I think we should tax the hell out of corporations for moving production outside the US. Its ok to send production out. Re-importation is the problem. Stupid policy to allow corporations to do that.

MrRodgers -> RE: It's The Inequality, Stupid (2/24/2011 9:12:24 AM)
quote: ORIGINAL: Sanity Its somehow escaped your attention that jobs and industry have been abandoning the country in droves? Yeah, brilliant idea, kick 'em some more. Who needs employers anyway? quote: ORIGINAL: DomYngBlk Fuck that. Simply make a limit on total assets.....anything above it comes to the gov't for redistribution or debt relief....And, no, the rich won't leave....Where are they going to go? china? There is no such thing as 'corporate America.' All their is...is the corporate world. They locate now where they are regulated and taxed least. The US has the 3rd LOWEST overall tax regime of ALL industrialized countries and yes...YES the idea that corporate America is actually paying anything close to the 'advertised' rates is a lie that continues to be repeated and thus is gaining disproportionate belief. As for what's leaving America...it is a whole lot more jobs...than companies. GE most years NO federal income tax, as recently as 1998-2000 there is a group of about 11 companies that not only paid NO federal corporate tax but got a $1.2 billion REFUND. Are we rich yet ? ALL capitalism has done over the last 100 years...is to concentrate wealth and distribute debt. The numbers don't lie. If it was not, then why is society collectively and individually...deeper in debt ? After all...we are ALL supposed to be so much richer. Well, I know of a few who are.

DomYngBlk -> RE: It's The Inequality, Stupid (2/24/2011 9:14:06 AM)
quote: ORIGINAL: LadyPact quote: ORIGINAL: DomYngBlk And you are supposing there would be no one to take your place in the marketplace? Are you serious or just blowing smoke out your ass Oh, I'm sure there would be, at whatever time it actually became lucrative for Me to actually sell the business. If My accountant came to Me in September saying that if I turned any more profit for the year, I'd be over the asset cap, I'd just shut the business down. The amount that I'd have in assets wouldn't change any because I'd still own the same property and equipment, but there would be no need for Me to continue attempts to make a profit. So, I shut down, maybe spend a couple of years traveling before I sell everything off. With an asset cap, there's no longer an incentive for Me to stay in business. Sure. Somebody else could come along and take My place. Maybe even create jobs for the number of employees that got their pink slip in September because it was no longer worth it to Me from a financial perspective to keep them employed. That is, of course, once somebody else actually wanted to create those jobs again. In any scenario.....you'd already have competitors. Do you not think that one of them wouldn't jump in and appreciate your market share? Or two? Or three? Or someone seeing you go would say...hey, I'd like to take a shot at that too..... Problem is you come from the school of laying down for the almighty corporate leader as if there aren't any number of people that can do the same thing...at any given time....but, I see the collar around your neck.....its expected

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