Top 1 Percent Of Americans Owns 40 Percent Of The Nation’s Wealth This Needs To Change (claims, jobs)
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Not really anything new here. Same players, really the same game, as well. The Truth About QE, The Deficit, And GDP Growth
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But it seems clear that deficit spending, and not QE, has been the important source of our economic recovery since the great recession. It is also obvious why few politicians are interested in serious reduction of budget deficits any time soon, certainly while they expect to continue in office. Something would seem to be amiss in the economy if the fact of running an excessive fiscal deficit can be viewed as a good thing.
None of it works, that much is clear after government spent $10 trillion between the deficits and the QE 1-3, and our economy is still collapsing.
Not to worry though, between the ACA fiasco and the EPA on a war against fossil fuels, and private property, Obama is on a punitive regulatory rampage of economic destruction.
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
Fine. Send all the poor people one share of BRK-B to hold for long term investment.
Then enroll them in DRIP with one share of a company of their choosing. Now they can "invest" every month if they want with as little as $5.
That's how you build wealth rather than expanding and creating more means tested programs.
No citizen is prevented from accumulating wealth here in the US.
Fine. Send all the poor people one share of BRK-B to hold for long term investment.
Then enroll them in DRIP with one share of a company of their choosing. Now they can "invest" every month if they want with as little as $5.
That's how you build wealth rather than expanding and creating more means tested programs.
No citizen is prevented from accumulating wealth here in the US.
Good idea, let ole Warren B put his money where his mouth is. Surely he will give away a few hundred million shares gratis right?
Fine. Send all the poor people one share of BRK-B to hold for long term investment.
Then enroll them in DRIP with one share of a company of their choosing. Now they can "invest" every month if they want with as little as $5.
That's how you build wealth rather than expanding and creating more means tested programs.
No citizen is prevented from accumulating wealth here in the US.
While this is sound advice, one might not be prevented, other than having extra money beyond basics to practice wealth acquisition.
But one is born into debt, bombarded with debt and can lose any gains made over a great deal of time from the same controlling players actions.
It's a sad sorry excuse that tens of millions have "no extra money".
Not with what the census found in "poor homes".
Not really an excuse. However, there are hard cold realities. The ones at the top are running the show unless "the people" say otherwise. So far that hasn't happened, "the people" continue to participate in a debt-based economy. People are a result of their environment.
Our whole economy is debt-based. That is insane. In college if you are lucky to get that far, they load you up with more debt loans and credit cards. Meanwhile the jobs are disappearing. If you work and or get scholarships and grants it still is rarely enough to keep up with cost. It is an endless carrot on a stick.
The govt is active in debt creation and investing in it. Debt is highly valued. What a dollar is worth and what it can buy today is not the same, especially pre-70's. The debt investments are also following this time line. All of these major factors play a role in what one's so-called wealth amounts to.
There are plenty of people with supposed wealth that still are creating and participating in an endless sky high pile of debt that affects everyone.
by that logic, any arm's length transaction in a capitalist system is "redistributionist"
Bit of semantics but there, but when the exchange of capital satisfies a demand and then leads to more demands that need to be met, wealth will be created down the line as supply meets it.
If I spend twenty bucks on a pizza the shop gets some, the rental space of the shop gets some, the employees get some, the flour/sauce/cheese manufacturers gets some, their employees then gets some, and they spend their money on other good or services and so on ad infinitum.
If I am taxed and only have $15.00 to spend thats five dollars less in the equation. That five dollars is then used to finance government debt to the Fed and no wealth can or will be created from it; it can only moved around getting ever smaller as it goes.
When you consider the government sucked something like 3 trillion dollars out of the economy last year alone thats 3T less in purchasing power to stimulate demand and create real jobs.
The "poor" are not spending their money. They're spending other peoples money.
That makes as much sense as saying that the rich aren't earning their money - the money they have was substantially earned by the poor people working for them. You can't have it both ways, and either way the perspective you support is indefensible.
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Originally Posted by Kreutz
So easy to be generous with other folks money....
What a bunch of self-serving claptrap. It affects my money as much as anyone's.
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Originally Posted by Kreutz
you can bet those "we care about the poor" Democrats are using every single loophole imaginable to not pay their "fair share".
You can bet that those "I care only about myself" right-wingers are lying and stealing and exploiting others for their own personal gain. Are we done spewing vacuous nonsense with no basis in fact and reality, now? If not, I could make up far more disparaging comments about people who support what you support, just like you've made up disparaging comments about people who support what you hate.
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Originally Posted by samiwas1
If you want to support extremely low wages, then YOU ARE THE PROBLEM.
Interesting point. The reality is that the right-wing has such faulty moral foundation that such scurrilously indefensible abuse of excessive financial power to exploit those less powerful is the foundation for today's right-wing perspective.
That makes as much sense as saying that the rich aren't earning their money - the money they have was substantially earned by the poor people working for them.
Why don't those people just open their own businesses so that they can keep all of the supposed value you seem to believe they're worth? Just do it.
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You can bet that those "I care only about myself" right-wingers are lying and stealing and exploiting others for their own personal gain.
That's a very uninformed statement. Apple's profit margin is over 20%. In contrast, oil companies' profit margin is about 6%. Yet, lefties are pretty damn near married to their iPhones, iPads, and Macs. That's BLATANTLY hypocritical. If the left is oh so against any perceived exploitation for profits, DITCH your iCrap. ALL of it. Consider it a challenge from me to all of you.
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. 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
