Capitalism Guarantees Rising Inequality

Capitalism always reproduces a class of politically disenfranchised serfs to do the labor. The USA has typically maintained these serfs on the periphery - by forming partnerships w/ brutal regimes from China to Taiwan and Vietnam. [Research the condition of the labor forces who make Nike sneakers or Apple iPads]

However, the problem shifted from the periphery to homeland under Reagan who convinced the nation that we needed to lower the cost of production so that our capitalists would invest more and grow the economy. So we listened to him and we shrunk organized labor and we got rid of built-in cost of living wage increase ... and the Fed shifted from policies of full employment to austerity and... over time ... the wages of American workers shrunk and, through aggressive trade liberalization, jobs were increasingly shipped to freedom hating nations ... and, lo and behold, our capitalists somehow ended up with enough wealth to buy government . . . and our middle class died.

To make up for the middle class squeeze we created the most steroidal credit economy in history so that Americans could borrow enough money to survive. In short, we spent the last 30 years going deeper and deeper into debt to offset the prosperity that never trickled down. And now… the disenfranchised labor markets that once existed on the periphery have finally been reproduced in the homeland, which is what capitalism wants: cheap labor, a politically disenfranchised group of desperate serfs who will work for dog food.

Like a cloud of locusts, capital descended upon Washington and turned it into an ATM for the new plutocrats. How do they maintain their power? They pour money into think tanks and pop media in order to seduce under-educated voters with religion, patriotism, tradition, "family values", i.e., the culture war. Like the ordinary Germans who were seduced by Hitler's fabricated demons, the American right has created a block of paranoid revanchists who believe their country has been stolen by homosexual illegal alien islamofascist baby killing environmentalist multicultural atheists ... meanwhile the people who really fund our elections & staff government laugh all the way to the bank.
 
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Since the government issued them, how are the worth anything to the government?

The worth was the revenue collected by the SSA in the first place. The issuance of debt just establishes what revenue stream has debt and which one has a surplus.
 
The problem is the capital gains tax rates being lower.

Why is that a problem?

The poor tend to do ok but the middle class gets hosed.

Define middle class. Defined hosed.

Problem as in the tax code favors one group over the other. The group that the tax code favors doesn't need any favors and the group getting the worse end has seen decades of wage stagnation. This has grown to be such a problem the economy is struggling to recover. Economic volatility has gotten worse. Income inequality has gotten worse.

What some people don't seem to get is if you screw over the middle class it is only a matter of time before the entire country is screwed over. But hey lets try supply side economics again.

Problem as in the tax code favors one group over the other.

That's true of everything government does.

So why are lower capital gains rates a problem?

The poor tend to do ok but the middle class gets hosed.

Define middle class. Defined hosed.
I literally answer your question in what you quoted.

Obtuseness is not a response.
 
The US has spent $2 billion each week in Afghanistan for over 10 years and the Iraq war cost us over $4 trillion for absolutely no reason. After ten straight years of constant war and torture, The War Against Terrorism is as close to being won as the 40-year-old war on drugs which was started over complete lies.

So why does every jagoff GOP shill claim to be the party of "fiscal responsibility" and blame Obama for the country being broke?

Because Obama nearly added as much to the national debt ($7+ trillion) in 5 years as all presidents combined have ($10 trillion) in 230 years... you jagoff Dumbocrat!
 
That's right, far from rocket science, it's total bullshit. You have no proof that much higher taxes make people work less (and they don't work less in places like Germany or Scandinavian countries).

The ignorant false narrative of the greedy, lazy Dumbocrat continues to collapse under the weight of reality. Here is undeniable proof that higher taxes cause people to work less. In fact, they stop working completely (for the U.S.) and start working for nations that embrace their efforts instead of demonizing it. What now idiot - er, uh ilia? Come on, give us some really "clever" excuse for this undeniable reality that is backed up with multiple links from multiple sources... :eek:

Americans renouncing citizenship in record numbers, seek to avoid tax | Fox News

Americans turn in passports as new tax law hits - Sep. 4, 2013

5 citizens who left the U.S. to avoid paying tax - CBS News

That just demonstrates people will try and avoid paying taxes when given the opportunity. That doesn't mean they stop working. Did you think you stumbled onto something meaningful?

They have stopped working....in the U.S. In your glorious ignorant greed, you bypassed 30% in taxes from the people for 60% in taxes from these people and ended up with 0%.

Basic math not your strong point? :eusa_eh:
 
The ignorant false narrative of the greedy, lazy Dumbocrat continues to collapse under the weight of reality. Here is undeniable proof that higher taxes cause people to work less. In fact, they stop working completely (for the U.S.) and start working for nations that embrace their efforts instead of demonizing it. What now idiot - er, uh ilia? Come on, give us some really "clever" excuse for this undeniable reality that is backed up with multiple links from multiple sources... :eek:

Americans renouncing citizenship in record numbers, seek to avoid tax | Fox News

Americans turn in passports as new tax law hits - Sep. 4, 2013

5 citizens who left the U.S. to avoid paying tax - CBS News

That just demonstrates people will try and avoid paying taxes when given the opportunity. That doesn't mean they stop working. Did you think you stumbled onto something meaningful?

They have stopped working....in the U.S. In your glorious ignorant greed, you bypassed 30% in taxes from the people for 60% in taxes from these people and ended up with 0%.

Basic math not your strong point? :eusa_eh:

So what you are saying is that people will try and avoid paying taxes. This is such new and interesting information. Thank you so much for providing it.
 
That just demonstrates people will try and avoid paying taxes when given the opportunity. That doesn't mean they stop working. Did you think you stumbled onto something meaningful?

They have stopped working....in the U.S. In your glorious ignorant greed, you bypassed 30% in taxes from the people for 60% in taxes from these people and ended up with 0%.

Basic math not your strong point? :eusa_eh:

So what you are saying is that people will try and avoid paying taxes. This is such new and interesting information. Thank you so much for providing it.

What's funny is that he gets it, but yet he doesn't get it.... :lol:

(Hint: if you're "bright" enough to figure out people will not accept high taxes, how can you be so stupid as to support high taxes :eusa_doh:)
 
Since the government issued them, how are the worth anything to the government?

The worth was the revenue collected by the SSA in the first place. The issuance of debt just establishes what revenue stream has debt and which one has a surplus.

Meaningless gibberish. Congress spent all the money that came in. They issued bonds (worthless IOUs) so they could con the voters into believing that the money wasn't flushed down the toilet. However, anyone who can do third grade math knows that's exactly what happened. There is nothing worth a dime in the SS trust fund. That fact is indisputable.
 
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Problem as in the tax code favors one group over the other. The group that the tax code favors doesn't need any favors and the group getting the worse end has seen decades of wage stagnation. This has grown to be such a problem the economy is struggling to recover. Economic volatility has gotten worse. Income inequality has gotten worse.

What some people don't seem to get is if you screw over the middle class it is only a matter of time before the entire country is screwed over. But hey lets try supply side economics again.

Problem as in the tax code favors one group over the other.

That's true of everything government does.

So why are lower capital gains rates a problem?

The poor tend to do ok but the middle class gets hosed.

Define middle class. Defined hosed.
I literally answer your question in what you quoted.

Obtuseness is not a response.

You did not explain why lower capital gains rates are a problem.

Obtuseness is not a response.

I agree, so stop being obtuse.
 
So it is such a nonsensical fear you can't even explain it. Got it. Thanks.

I just explained it, numskull. What I can't explain is what the gibberish you posted is intended to signify.

Furthermore, knowing that you have been defrauded isn't a "fear."

So it is still a nonsensical fear. Got it. Thanks.

As I said, there is no "fear. " There is certainty that we have been defrauded because gullible numskulls like you trust politicians to manage your money.
 
They have stopped working....in the U.S. In your glorious ignorant greed, you bypassed 30% in taxes from the people for 60% in taxes from these people and ended up with 0%.

Basic math not your strong point? :eusa_eh:

So what you are saying is that people will try and avoid paying taxes. This is such new and interesting information. Thank you so much for providing it.

What's funny is that he gets it, but yet he doesn't get it.... :lol:

(Hint: if you're "bright" enough to figure out people will not accept high taxes, how can you be so stupid as to support high taxes :eusa_doh:)

What's even funnier is that he believes there's actual money in the Social Security Trust Fund. That's the sure sign of the terminally naïve.
 
How much of those gains did you realize?

$16.5M minus $495k.

You realized $16.5 million in a taxable account and only paid 3%?

We've been over this before with him a dozen times. He's lying. The dumb ass is talking about revenue, not profit. He knows someone that paid 500k on 16.5m in revenue and he thinks it makes him smart to say it was him, even though he has no clue what a business is, or the simple fact that businesses don't pay taxes on revenue. Guy's an idiot.
 
Problem as in the tax code favors one group over the other. The group that the tax code favors doesn't need any favors and the group getting the worse end has seen decades of wage stagnation. This has grown to be such a problem the economy is struggling to recover. Economic volatility has gotten worse. Income inequality has gotten worse.

What some people don't seem to get is if you screw over the middle class it is only a matter of time before the entire country is screwed over. But hey lets try supply side economics again.

Problem as in the tax code favors one group over the other.

That's true of everything government does.

So why are lower capital gains rates a problem?

The poor tend to do ok but the middle class gets hosed.

Define middle class. Defined hosed.
I literally answer your question in what you quoted.

Obtuseness is not a response.

Project much?
 
There's more stealing going on than you know when your Democrat Congressmen find a person who's broke or in business failure, makes a law to bail him out, but puts him on the hook forever to raise funds for their quid-pro-quo careers, emptying the taxpayer's hard-earned taxes from the treasury, dipping into their expropriated Social Security funds for their favorite pet rock projects, then tarnishing Republicans for all their sneaky dealing for other things, such as "accidents" they conveniently dispose of business' getting experts to pinpoint the problem, and really pulling the wool over the eyes of the public with the press moving in to show dead birds, dead fish, and chest-thumping Sean Penns coming in to say something nasty about Republicans for free so the base will have a celebrity said so piece of bullshit.

They're turning this country into a communist nation, and when they're done, pal, you're dead if you criticize them in any way, because communists accept zero free speech from anyone except themselves. So then it's lie, lie, lie, lie, lie, lie, lie, and when you call them on it, they just kill you.

Idiot.

See, here is where you prove your lack of intelligence..

"dipping into their expropriated Social Security funds "

The Social Security Administration managed the trust funds for OASI and and DI. These trust funds have held a considerable surplus. Instead of leaving it doing nothing, they collect intrest on it by buying Treasury Bonds. T-bills are the most risk free investments in the world. That is why every bank, hedge fund, and foreign country buys them.

It would be really stupid for SSA to buy stock instead of T-Bills.

Clearly, you simply make shit up.

This is so stupid it's downright comical. I don't even know where to begin....

First, the fact that you believe that Treasury Bonds are "the most risk free investment in the world" is fucking fall down hilarious and proves your a blind partisan hack who doesn't have a clue what is going on in the real world. Despite all of Obama's disgusting bullying, threatening, and bribing, the bond rating of the United States has been lowered because Obama has bankrupted this nation and we can no longer pay our bills (hint: the "most risk free" investments in the world don't get their credit ration lowered, stupid).

Second, the fact that you believe the SSA should invest in "t-bills" is possibly more fall down hysterical than your previous idiot statement. The SSA is the federal government, dumb ass. So you want them to invest in.....themselves? :eusa_eh:

Think of the pure idiocy of that statement. Can you imagine if Apple bought their own stock that they issued? You can only bring additional cash if someone outside of your "circle" (business, government, etc.) buys the stock. Dummy here is too stupid to realize that if Accounts Receivable receives $10 from a stock which was purchased by their own Accounts Payable, the net result is $0.

:lmao: :lmao: :lmao: :lmao:
Can you imagine what would happen if Apple started printing its own MacMoney?

"The biggest reasons that T-Bills are so popular is that they are one of the few money market instruments that are affordable to the individual investors.

"T-bills are usually issued in denominations of $1,000, $5,000, $10,000, $25,000, $50,000, $100,000 and $1 million.

"Other positives are that T-bills (and all Treasuries) are considered to be the safest investments in the world because the U.S. government backs them.

"In fact, they are considered risk-free.

"Furthermore, they are exempt from state and local taxes. (For more on this, see Why do commercial bills have higher yields than T-bills?)"

Money Market: Treasury Bills (T-Bills) | Investopedia
 
Problem as in the tax code favors one group over the other.

That's true of everything government does.

So why are lower capital gains rates a problem?

The poor tend to do ok but the middle class gets hosed.

Define middle class. Defined hosed.
I literally answer your question in what you quoted.

Obtuseness is not a response.

You did not explain why lower capital gains rates are a problem.

Obtuseness is not a response.

I agree, so stop being obtuse.

Problem as in the tax code favors one group over the other. The group that the tax code favors doesn't need any favors and the group getting the worse end has seen decades of wage stagnation. This has grown to be such a problem the economy is struggling to recover. Economic volatility has gotten worse. Income inequality has gotten worse.

Copy and pasted from my own post that you quoted twice.

Obtuseness is not a response.
 
I just explained it, numskull. What I can't explain is what the gibberish you posted is intended to signify.

Furthermore, knowing that you have been defrauded isn't a "fear."

So it is still a nonsensical fear. Got it. Thanks.

As I said, there is no "fear. " There is certainty that we have been defrauded because gullible numskulls like you trust politicians to manage your money.

So it is just nonsensical gibberish.
 
So what you are saying is that people will try and avoid paying taxes. This is such new and interesting information. Thank you so much for providing it.

What's funny is that he gets it, but yet he doesn't get it.... :lol:

(Hint: if you're "bright" enough to figure out people will not accept high taxes, how can you be so stupid as to support high taxes :eusa_doh:)

What's even funnier is that he believes there's actual money in the Social Security Trust Fund. That's the sure sign of the terminally naïve.

There are special issue securities in the SS Trust Fund.

See there is this movement out there by those with a lot of money to tell people like yourself that SS needs to be cut because it is invested in T-bills. These people want the government to shift the debt away from the General Fund and onto the SS trust fund because they know the GF is more progressively taxed than the SS trust fund. They would rather have the GF problems be fixed on the backs of the middle class.

You are not only wrong, you are the part of the ignorant masses that has been duped to work against your own self interest. Markets don't work when people have really bad information. It is hard to believe that Democracy will work when there are people out there are clueless as you are.
 

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