View Poll Results: The data in this video is correct?

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Thread: Wealth Inequality in America - Is the data correct?

  1. #11
    That seems like an excellent idea. Reward those driven to success.

    Quote Originally Posted by Natural Elements View Post
    Actually I always worked in the print business.


    I remember that Nicolas Sarkozy passed a bill to exempt income tax on worker's overtime which was very appreciated by the workers, employees and even unions. Since the Socialist Hollande took office, they removed this bill, funny to hear them said that they are for the middle class, what they love is taxing people to fund their mega agenda of wellfare. Most of the time their agenda destroy the economy and the middle class.
    I am also a writer for Serpholic Media. You can find some of my articles here: Serpholic Media Blog

  2. #12
    Poor people just complain and complain. And do not do anything to get out of the rat-trap. To start, educate yourself about economy and how money works.

    Also, If you think you pay too much taxes as an employee. Why the hell are you still an employee???

  3. #13
    My personal view: The biggest issue is debt and the mindset of those who allowed themselves to get used to having it.


    Quote Originally Posted by Mike30 View Post
    Poor people just complain and complain. And do not do anything to get out of the rat-trap. To start, educate yourself about economy and how money works.

    Also, If you think you pay too much taxes as an employee. Why the hell are you still an employee???
    I am also a writer for Serpholic Media. You can find some of my articles here: Serpholic Media Blog

  4. #14
    Quote Originally Posted by Mike30 View Post
    Poor people just complain and complain. And do not do anything to get out of the rat-trap. To start, educate yourself about economy and how money works.
    That is why I don't have an issue with people who are extremely wealthy due to clear thinking, hard work and risk-taking. I do have a problem with non-retireees who make up the 47+% of people who pay zero Federal income taxes, yet suck everything they can from the system through fraud. We could fix the entire entitlement problem if someone in government simply had the balls to tackle the fraud issue. Fraud in the welfare system has always been rampant. Fraud in the Social Security Disability program is estimated to be over 50%.

    Quote Originally Posted by Mike Dammann View Post
    My personal view: The biggest issue is debt and the mindset of those who allowed themselves to get used to having it.
    So true. We cannot possibly pay off the debt bill that our last two presidents have run up. The $16+ trillion only includes actual incurred debt. The unfunded debt liability due to entitlement programs is upwards of $70 trillion.

    The actual current debt liability is almost $55,000 per person in the USA. Our debt per person is much worse than Greece.

    'U.S. Per Person Debt Now 35 Percent Higher than that of Greece' | The Weekly Standard

    What they think is a can being kicked down the road is likely to turn out to be a live grenade. No household or business could survive while acting as irresponsibly as our government.
    "Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote." -- Benjamin Franklin


  5. #15
    Quote Originally Posted by Mike Dammann View Post
    My personal view: The biggest issue is debt and the mindset of those who allowed themselves to get used to having it.
    At one point of my life, I owed a little bit more than a quarter of a million dollars(first time I write this online). Happened a bunch of stuff one after another, lost my business completely. And I don't complain. Even though, I am glad for all things that happened because I am alive to do things again and even ready to make more mess That is part of the game. This is just a small intro. And specially, read the "Few Words of Gratitude" at: Miguel Fernandez - MikeThirty.com

  6. #16
    Quote Originally Posted by Mike30 View Post
    At one point of my life, I owed a little bit more than a quarter of a million dollars(first time I write this online). Happened a bunch of stuff one after another, lost my business completely. And I don't complain. Even though, I am glad for all things that happened because I am alive to do things again and even ready to make more mess That is part of the game. This is just a small intro. And specially, read the "Few Words of Gratitude" at: Miguel Fernandez - MikeThirty.com

    Just read your intro:
    Also a big thank you too to all those who had caused me some kind of trouble or hard times. Because I had the chance to learn from those mistakes and be a better human being.

    I do believe that whatever we experience that is bad is designed to protect us from even worse that could happen down the road. A warning so to speak.

    About the debt issue: I was nowhere near that amount, but it was still significant enough to live in worries for some time.

    The problem with lacking money is usually not money, but the mindset.

    So yes, what you have stated here, I am in agreement with.

    Mike
    I am also a writer for Serpholic Media. You can find some of my articles here: Serpholic Media Blog

  7. #17
    Quote Originally Posted by TopDogger View Post
    I don't have any problem with 'wealth inequity' issue. So what if a small percentage of people who drive the economy make much more than others.

    Wealth inequity is a liberal political correctness term that is supposed to make you feel guilty if you work hard and don't want to share what you earn with lazy people who do not want to work at all. It all comes down to their socialist belief that there should be equality of outcome, rather than the conservative belief in equality of opportunity.


    When you get to the part in the video that demonstrates the ideal wealth graph, the wealthy only make 10 to 20 times what the poor people make. That would mean that there are no millionaires, nor are their people who have the resources to create large business. that ideal would utterly destroy the American dream.

    What A most Americans do not realize about FDR and the Great Depressions is that he tried to smooth out the wealth inequities by placing almost all of the tax burden in the wealthy. The top marginal tax rates went from about 25% in 1930 to 78% in 1935 to 94% in 1945. FDR took all of the wealth away from the job creators and used it to create temporary jobs in the government, the Civilian Conservation Corps, etc. That made it look like he was creating jobs to help people. But by doing that, it destroyed the ability for the wealthy to create jobs and we were therefore trapped in the Great Depression. It took a World War to get us out of the deep hole that FDR dug. The New Deal was really a Screw Deal.

    Of course, that is not the way that Liberals tell the story, and there is no doubt that Obama Claus would do the very same thing if he could today.

    Top Marginal Tax Rates 1916-2010 — Visualizing Economics
    I take offense to your entire post, so I voted for Obama that makes me a lazy person that doesn't want to work? News flash I've worked hard for 37+ years now and I've earned everything I own! Please do me favor and DON'T try to paint everyone with some holier than thou brush. As to tax rates, well “You are entitled to your opinion. But you are not entitled to your own facts.” There are NO facts that back up this claim, but yet it's still used as a hammer to try and beat a point into this debate. May I recommend the following link:



    I'd also add that if Obama is a Socialist as some claim, what has he done to hurt capitalism? How's the Stock market doing? The Dow? Any corrupt bankers been sent to jail? LOL, it's no wonder America is in the shape it's in.

    "The New Deal was really a Screw Deal." (sigh) I truly hope you or yours never find yourselves in need.


    Anyway...

  8. #18
    Quote Originally Posted by Alastor View Post

    I'd also add that if Obama is a Socialist as some claim, what has he done to hurt capitalism? How's the Stock market doing? The Dow?
    What about this? Obama's Payback: US to Sue S&P for Mortgage Ratings

    and this? 'I Will Ask For More Tax Increases on the Rich Later,' Obama Promises - Forbes

    So US is worry about rich getting richer and having too much power????

    US Government had been doing the same against the entire world. US got power, and it keep getting more, more and more power until it had the world under it's feet. And now because we are bankrupt we are blaming the rich?????

    IF YOU ARE PROUD OF US, PLEASE, BE PROUD OF RICH PEOPLE TOO.

    By the way, I love US and live in US too. And don't agree in so many things.

    ~Mike

  9. #19
    Quote Originally Posted by Mike30 View Post
    What about this? Obama's Payback: US to Sue S&P for Mortgage Ratings

    and this? 'I Will Ask For More Tax Increases on the Rich Later,' Obama Promises - Forbes

    So US is worry about rich getting richer and having too much power????

    US Government had been doing the same against the entire world. US got power, and it keep getting more, more and more power until it had the world under it's feet. And now because we are bankrupt we are blaming the rich?????

    IF YOU ARE PROUD OF US, PLEASE, BE PROUD OF RICH PEOPLE TOO.

    By the way, I love US and live in US too. And don't agree in so many things.

    ~Mike
    Blame the rich? At what point did anyone blame the rich? Suing the S&P for it's illegal rating actions is blaming the rich? And if you really think the top one percent is paying to much, then I can't even begin to get you to see past what you want to see.

  10. #20
    Quote Originally Posted by Alastor View Post
    I take offense to your entire post, so I voted for Obama that makes me a lazy person that doesn't want to work? News flash I've worked hard for 37+ years now and I've earned everything I own! Please do me favor and DON'T try to paint everyone with some holier than thou brush. As to tax rates, well “You are entitled to your opinion. But you are not entitled to your own facts.” There are NO facts that back up this claim, but yet it's still used as a hammer to try and beat a point into this debate.
    Well, good for you. And all the facts do support my viewpoint, especially what I said about the liberal idol called FDR, as well as my Obama comments. Obama is just trying to follow in FDR's footsteps. Keynesian economics did not work in the 1930s and the 1940s, and it doesn't work today. Contrary to the way that the Liberals wrote the history books, FDR's action very likely kept us in the Great Depression much longer that we should have suffered through that mess.

    The facts do support my claims about FDR tax rates. Those tax rates are common knowledge and can be found on a multitude of government and economic web sites. They are not my facts. They are the real facts.

    Quote Originally Posted by Alastor View Post
    Blame the rich? At what point did anyone blame the rich? Suing the S&P for it's illegal rating actions is blaming the rich? And if you really think the top one percent is paying to much, then I can't even begin to get you to see past what you want to see.
    The real fact is that the top 1% of wage earners pay almost 37% of all Federal income taxes. Is that not enough for you? Actually, that percentage has gone up because the top marginal rate just went up from 35% to 39.6%. Personally, I don't think that we can ever dig ourselves out of this mess without a substantial tax increase on everyone. The means that the 47% of taxpayers who pay no Federal income taxes will have to pony up, as well.

    http://www.ntu.org/tax-basics/who-pa...ome-taxes.html

    Obama really stands for only two things, and his actions have made that abundantly clear: Create class warfare and use it to divide the country. He has openly surrounded himself with Marxists, Communists and radicals throughout his lifetime. Read his books.

    I am probably older than you and I have never seen any president piss away as many taxpayer dollars as we have seen with Obama. It is not just investments in failed solar companies, military hardware given to Egypt (who is not our friend or ally), or multitudes of vacations each of which cost taxpayers millions of dollars. And it wasn't George Bush's policies that got us here. You can blame Bush for the wars, but the real wild spending spree started with Pelosi and the Democrats--and went exponentially wild under Obama.

    I do know for a fact is that thousands of businessmen quietly went to jail under Bush in the aftermath of Enron, which Bush had nothing to do with. All of the offenses were committed under the Clinton years, because Clinton--like Obama--doesn't want to appear to be too anti-business. I think most of us would agree that hundreds of Wall street types should be in jail right now. Instead, Obama threw billions of taxpayer money at the problem, a large part of which went into paying bonuses to the culprits and the Obama administration approved the bonuses.

    I am a businessman who has run an international company and I do not know any business executive who thinks Obama understands anything about business. Do you understand that over 170,000 pages of new regulations have been created under Obama? The unelected regulators that Obama appointed are crippling business.

    Here is a John Stossel report on this topic.

    Regulations Keep Coming Under Obama

    The current stock market growth is not necessarily a good thing, nor is it a sign of a good economy. People are putting money in the stock market because it is a better bet than the banks. The growth in the economy continues to be anemic at best. The real indicator of a healthy economy is job growth. The fake numbers that Obama's people keep putting out do not reflect the real problem, which is that more people are dropping out of the workforce and eliminated from the calculation almost every month than the number of people who actually find jobs. The real unemployment number is around 11% to 15%.

    No one said that you are a lazy person because you voted for Obama. I just simply think you are misguided and misinformed, but you are entitled to your opinion. You will never hear about many of these issues on ABC, NBC, CBS, or especially MSNBC because they go to great lengths to censor any negative news about Obama.

    I challenge you to name one good thing Obama has done for the country that did not simply focus on providing benefits for his constituents.

    By the way, I previously saw the Nick Hanauer lecture on YouTube. Nick is a wealthy investor simply because he invested in Amazon in its early days. He is not an economist, or a businessman, and has no special qualifications. He has a degree in philosophy. He is simply espousing the Liberal viewpoint. Check out his Wikipedia page, and especially the comment, TED Curator Chris Anderson stated that he felt Hanauer's talk was "explicitly partisan" and included "a number of arguments that were unconvincing.

    http://en.wikipedia.org/wiki/Nick_Hanauer

    No offense intended, but you really do need to change the flavor of Kool-Aid that you drink.
    Last edited by TopDogger; 18 March, 2013 at 01:47 AM.
    "Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote." -- Benjamin Franklin


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