Top 1 Percent Of Americans Owns 40 Percent Of The Nation’s Wealth This Needs To Change (healthcare, insurance)

[TheMoreYouKnow]

Originally Posted by Gtownoe

Once again, where have I advocated wealth confiscation? Keep up with the discussion.



So again. Please explain how income inequality is good for the economy.

I have kept up with the conversation, I've also kept up with your normal string of lies and half truths.

[Gtownoe]

Originally Posted by Bulldogdad

Top 1 percent pay 40% of taxes and top 10% pay 70% of taxes.

MERICA!

That's because the earning disparities are so high.


I don't have a single wealthy friend or family member who's complaining about taxes. Zero.



I do have some friends in the Middle Class however who are hit hard.

[Gtownoe]

Originally Posted by TheMoreYouKnow

I have kept up with the conversation, I've also kept up with your normal string of lies and half truths.

You obviously can't answer the question because you don't know the answer.


Maybe because you can't come up with a rational explanation.



The More You Know!

[TrapperJohn]

Originally Posted by Gtownoe

The whole reason we're in such a bind now is because of risky trading and greedy players.


What happened during the Bailout was highway robbery.

Perhaps. That's independent of the statistics on wealth distribution.

[marcopolo]

Originally Posted by Gtownoe

Once again, where have I advocated wealth confiscation? Keep up with the discussion.



So again. Please explain how income inequality is good for the economy.

Here you go: since talent and effort and ambition and persistence and all the other determinants of income are not distributed evenly, incomes will vary proportionately. Societies which harness the power of each individual being free to unlock the highest fraction of his or her own potential, primarily for their own benefit, are generally far wealthier top to bottom than more egalitarian societies.

You are welcome.

[Bulldogdad]

Originally Posted by Gtownoe

That's because the earning disparities are so high.


I don't have a single wealthy friend or family member who's complaining about taxes. Zero.



I do have some friends in the Middle Class however who are hit hard.

Earning disparities?

[volosong]

Originally Posted by DJboutit

...
This needs to change and some people do not see this as a problem . This right here is why republicans should never have a majority of any every again if they do they will own 60% to 70% of the wealth and US will be a third world country

Unless you are incarcerated, there is nothing stopping you from joining the 1% club.

[CDusr]

Originally Posted by volosong

Unless you are incarcerated, there is nothing stopping you from joining the 1% club.

Or for that matter winning the lottery. LOL.

[Gtownoe]

Originally Posted by marcopolo

Here you go: since talent and effort and ambition and persistence and all the other determinants of income are not distributed evenly, incomes will vary proportionately. Societies which harness the power of each individual being free to unlock the highest fraction of his or her own potential, primarily for their own benefit, are generally far wealthier top to bottom than more egalitarian societies.

You are welcome.

So your saying that the current income distribution spread is because of the bold?



I'd beg to differ. I would say that SOME of it is do to that. I would also say that there's many, many factors outside of those that determine someone's income level. I say that being someone who has some advantages in some areas.


I would also say that there are several industries right now that are highly corrupt and have little to do with the bold, and more to do with rigging the system, lobbying, and taking advantage of the market. It has little to do with providing a superior good or service.



I'd also go a little bit further and say that someone's income does not always determine their value to society or "worth" to society.

[MTAtech]

Originally Posted by Dooleys1300

So, you think there should be a limit on how much and individual is allowed to earn?

The Conservative solution to this:
Make it easier for people to get rich.

The Liberal solution to this:
Make it easier for people to stay poor.

The policies of conservatives is to have students pay their full freight to go to college and they are against government grants and loans. How does that make it easier to get rich?

Children that are successes in school get breakfast. Yet, conservatives have repeatedly fought the school nutrition programs. How does that make it easier to get rich?

Woman do better economically when they don't have children too early. Yet, conservative policies are against contraceptives and birth control. How does that make it easier to get rich?

According to some fascinating economic research, Is Employer-Based Health Insurance A Barrier To Entrepreneurship?, there's an unexpectedly large numbers of Americans becoming entrepreneurs within months of qualifying for Medicare (over and above those you would expect to become entrepreneurs because they were fired, forcibly retired, etc.) The reason: They now have the security of healthcare, so they can take the risk of starting private companies.

Yet, conservative have always been against Medicare and government health care. How does that make it easier to get rich?

What you wrote makes a good slogan that doesn't parallel reality.