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So it makes sense to make less money and let government fill in the blanks.
Yeah, except not really. You're delusional if you think most welfare recipients are living comfortable lives that they're happy with. To qualify for aid you have to have a completely shit income.
Your right it would t shrink the economy, it slows its growth.Your right it would t shrink the economy, it slows its growth.Money naturally flows to the Owners and up to the 1% who own the majority of our businesses. Just follow a dollar through the economy as people spend and you'll see where it ends up. Do you need more explanation or do you get it?To all you economists out there who don't think wealth distribution is a problem... Let me ask, what happens long term if we cut government spending and all our money flows through the economy and up to the top 1%... How does that money get back down to the poor and middle class?
what happens long term if we cut government spending and all our money flows through the economy and up to the top 1%...
Why would all the money in the economy "flow up to the 1%"?
How does that money get back down to the poor and middle class?
Historically, how did poor and middle class people get money before?
Historically our economy was much smaller and money circulated in a much more confined way. Through trade, our centralized banking system, and the emergence of these conglomerate corporations that buy up our small businesses and own most of everything we have a very different situation than we did 100 years ago. Right now the citizens taking out loans and government deficit spending pumps money into the economy, mostly focused at the bottom,but then it funnels up to the top as is the cycle. Finally, It gets burned through taxation.... I'm trying to understand how cutting the government spending and shrinking the economy will play out for the poor and middle class.
Money naturally flows to the Owners and up to the 1% who own the majority of our businesses.
GDP is $18.2 trillion a year. The top 1% get what, 22% of household income?
You think there is some limited number of dollars available to the lower 99%?
Once the 1% gets a dollar, it goes into hiding?
I'm trying to understand how cutting the government spending and shrinking the economy
Why would cutting government spending shrink the economy?
Yes I think there is more going up to the top earners than is going down, do they not save or spend internationally? Our economy is then dependent on these top earners spending domestically. Do you not think that is a tremendous amount of power and influence for one individual to have?
Would you like for me to post some statistics on our so called poor? I have them right here in my folder; actually, several of them if you'd like. Not biased either. Some use the US Census data to create those statistics.
Is that your goal? To charge as little as you can for rent?Yes you are right in one aspect but it goes beyond risky investments. For example I receive a great savings in taxes if I own a house. I get to write a chunk off. A renter with the same Income and expenses as I, pays more to Uncle Sam while also burning money in rent over my Payments towards an appreciating asset. Yes I took a risk with my home loan and I understand why the tax incentives are in place however is still presents an imbalanceTrue that income is earned but wealth is rewarded... Just look at our tax code. There is a definite advantage given to the wealthy While I see the reason and benefits for some of these incentives/advantages, I also understand the tremendous problem it is causing.
I hear you. Our system could use some tweaking. And just note that wealth is not rewarded without risk. As an investor, I risk punishment as well as reward. If I'm rewarded for my smart investing, the tax man is right there to take his cut of my pie. If I'm punished for making a poor investment, the tax man is nowhere to be seen. I win, he wins. I lose, only I lose.
As a landlord I can tell you that all costs are passed on to the tenants as rent. The more I don't have to spend, the less I can charge for rent.
Wealth distribution is a tremendous problem, I'd put it in the top 3. I don't agree with all of bernies ideas but he hits the nail on the head with this one and our corrupt campaign system. Those two he is right on, you should open your mind to what he is saying.True that income is earned but wealth is rewarded... Just look at our tax code. There is a definite advantage given to the wealthy While I see the reason and benefits for some of these incentives/advantages, I also understand the tremendous problem it is causing.Income isn't distributed.
It's earned or not earned through various types of behaviors.
Productive versus irresponsible behavior accounts for a large portion of the inequality the leftists are railing against.
--------
It's not causing any problem because people don't get or stay wealthy because of the tax codes. They get wealthy investing, working, and having businesses.
Your right it would t shrink the economy, it slows its growth.Your right it would t shrink the economy, it slows its growth.Money naturally flows to the Owners and up to the 1% who own the majority of our businesses. Just follow a dollar through the economy as people spend and you'll see where it ends up. Do you need more explanation or do you get it?what happens long term if we cut government spending and all our money flows through the economy and up to the top 1%...
Why would all the money in the economy "flow up to the 1%"?
How does that money get back down to the poor and middle class?
Historically, how did poor and middle class people get money before?
Historically our economy was much smaller and money circulated in a much more confined way. Through trade, our centralized banking system, and the emergence of these conglomerate corporations that buy up our small businesses and own most of everything we have a very different situation than we did 100 years ago. Right now the citizens taking out loans and government deficit spending pumps money into the economy, mostly focused at the bottom,but then it funnels up to the top as is the cycle. Finally, It gets burned through taxation.... I'm trying to understand how cutting the government spending and shrinking the economy will play out for the poor and middle class.
Money naturally flows to the Owners and up to the 1% who own the majority of our businesses.
GDP is $18.2 trillion a year. The top 1% get what, 22% of household income?
You think there is some limited number of dollars available to the lower 99%?
Once the 1% gets a dollar, it goes into hiding?
I'm trying to understand how cutting the government spending and shrinking the economy
Why would cutting government spending shrink the economy?
Yes I think there is more going up to the top earners than is going down, do they not save or spend internationally? Our economy is then dependent on these top earners spending domestically. Do you not think that is a tremendous amount of power and influence for one individual to have?
Why?
Less money enters the economy = less growth potential
do they not save or spend internationally?
Don't you?
Not nearly as much as the 1%
Do you not think that is a tremendous amount of power and influence for one individual to have?
One individual? What are you talking about?
The individuals that own the vast majority of this countries wealth
Wealth distribution is a tremendous problem, I'd put it in the top 3. I don't agree with all of bernies ideas but he hits the nail on the head with this one and our corrupt campaign system. Those two he is right on, you should open your mind to what he is saying.True that income is earned but wealth is rewarded... Just look at our tax code. There is a definite advantage given to the wealthy While I see the reason and benefits for some of these incentives/advantages, I also understand the tremendous problem it is causing.Income isn't distributed.
It's earned or not earned through various types of behaviors.
Productive versus irresponsible behavior accounts for a large portion of the inequality the leftists are railing against.
--------
It's not causing any problem because people don't get or stay wealthy because of the tax codes. They get wealthy investing, working, and having businesses.
To all you economists out there who don't think wealth distribution is a problem... Let me ask, what happens long term if we cut government spending and all our money flows through the economy and up to the top 1%... How does that money get back down to the poor and middle class?
Would you like for me to post some statistics on our so called poor? I have them right here in my folder; actually, several of them if you'd like. Not biased either. Some use the US Census data to create those statistics.
Enlighten me.
Wealth distribution is a tremendous problem, I'd put it in the top 3. I don't agree with all of bernies ideas but he hits the nail on the head with this one and our corrupt campaign system. Those two he is right on, you should open your mind to what he is saying.True that income is earned but wealth is rewarded... Just look at our tax code. There is a definite advantage given to the wealthy While I see the reason and benefits for some of these incentives/advantages, I also understand the tremendous problem it is causing.Income isn't distributed.
It's earned or not earned through various types of behaviors.
Productive versus irresponsible behavior accounts for a large portion of the inequality the leftists are railing against.
--------
It's not causing any problem because people don't get or stay wealthy because of the tax codes. They get wealthy investing, working, and having businesses.
Your right it would t shrink the economy, it slows its growth.Your right it would t shrink the economy, it slows its growth.Money naturally flows to the Owners and up to the 1% who own the majority of our businesses. Just follow a dollar through the economy as people spend and you'll see where it ends up. Do you need more explanation or do you get it?
Historically our economy was much smaller and money circulated in a much more confined way. Through trade, our centralized banking system, and the emergence of these conglomerate corporations that buy up our small businesses and own most of everything we have a very different situation than we did 100 years ago. Right now the citizens taking out loans and government deficit spending pumps money into the economy, mostly focused at the bottom,but then it funnels up to the top as is the cycle. Finally, It gets burned through taxation.... I'm trying to understand how cutting the government spending and shrinking the economy will play out for the poor and middle class.
Money naturally flows to the Owners and up to the 1% who own the majority of our businesses.
GDP is $18.2 trillion a year. The top 1% get what, 22% of household income?
You think there is some limited number of dollars available to the lower 99%?
Once the 1% gets a dollar, it goes into hiding?
I'm trying to understand how cutting the government spending and shrinking the economy
Why would cutting government spending shrink the economy?
Yes I think there is more going up to the top earners than is going down, do they not save or spend internationally? Our economy is then dependent on these top earners spending domestically. Do you not think that is a tremendous amount of power and influence for one individual to have?
Why?
Less money enters the economy = less growth potential
do they not save or spend internationally?
Don't you?
Not nearly as much as the 1%
Do you not think that is a tremendous amount of power and influence for one individual to have?
One individual? What are you talking about?
The individuals that own the vast majority of this countries wealth
Is that your goal? To charge as little as you can for rent?Yes you are right in one aspect but it goes beyond risky investments. For example I receive a great savings in taxes if I own a house. I get to write a chunk off. A renter with the same Income and expenses as I, pays more to Uncle Sam while also burning money in rent over my Payments towards an appreciating asset. Yes I took a risk with my home loan and I understand why the tax incentives are in place however is still presents an imbalanceTrue that income is earned but wealth is rewarded... Just look at our tax code. There is a definite advantage given to the wealthy While I see the reason and benefits for some of these incentives/advantages, I also understand the tremendous problem it is causing.
I hear you. Our system could use some tweaking. And just note that wealth is not rewarded without risk. As an investor, I risk punishment as well as reward. If I'm rewarded for my smart investing, the tax man is right there to take his cut of my pie. If I'm punished for making a poor investment, the tax man is nowhere to be seen. I win, he wins. I lose, only I lose.
As a landlord I can tell you that all costs are passed on to the tenants as rent. The more I don't have to spend, the less I can charge for rent.
Taxation is wealth redistribution... The fuckers over at the IRS handle it. You know this so why are you asking?Would you like for me to post some statistics on our so called poor? I have them right here in my folder; actually, several of them if you'd like. Not biased either. Some use the US Census data to create those statistics.
Enlighten me.Wealth distribution is a tremendous problem, I'd put it in the top 3. I don't agree with all of bernies ideas but he hits the nail on the head with this one and our corrupt campaign system. Those two he is right on, you should open your mind to what he is saying.True that income is earned but wealth is rewarded... Just look at our tax code. There is a definite advantage given to the wealthy While I see the reason and benefits for some of these incentives/advantages, I also understand the tremendous problem it is causing.Income isn't distributed.
It's earned or not earned through various types of behaviors.
Productive versus irresponsible behavior accounts for a large portion of the inequality the leftists are railing against.
--------
It's not causing any problem because people don't get or stay wealthy because of the tax codes. They get wealthy investing, working, and having businesses.
If there is wealth redistribution, wouldn't somebody or some people have to be in charge of that? And if so, who are these people?
We have heard the term income inequality a lot over the past few years given that all jobs do not require the same levels of skill and experience and that all people do not have the same level of motivation and determination how would you ever make income equal?
That is bullshit!It is wrong.
when i was a kid, a family could have two cars and their own home on one unskilled worker's wage.
Would you like for me to post some statistics on our so called poor? I have them right here in my folder; actually, several of them if you'd like. Not biased either. Some use the US Census data to create those statistics.
Enlighten me.
The left for the most part gets away with telling their followers that the reason
people don't have wealth is that their share was stolen by the wealthy.
And it's up to government to make that right.
So vote Democrat and you will be given what is rightfully yours....
Entitlements are a sliver of the expenses... It amazes me how much weight y'all Put on them to the status of our economyIn most cases you make what you deserve… Of course, lazy people Think differently.
Progressives and their entitlement society of political correctness Are under the illusion of "they are owed something"… LOL
