Income equality bull shit.

[PredFan]

It's an election year and we will be hearing a lot if bull shit. No bigger pile of crap than "income equality" or lack thereof.

While we should have equality of opportunity (and we do), no one has a right to equality of outcome. The outcome of your opportunity is entirely up to you.

Equality of opportunity is great, but it matters is what the opportunity are we talking about. You have an equal opportunity of winning a 100 millions lottery, but it does not do much good to most people, does it?

Rising income inequality makes the prospects of getting a decent pay ever more distant. Yes, everyone has the same shot at winning, but there are less and less winners and more and more losers.

This whole issue is nothing but "spreading the wealth around" rehashed. Obama and the democrats didn't do anything about income equality in the first 5 years, in fact the gap has gotten worse

That's a bit schizoid You should decide among themselves whether rising inequality is a good or bad thing, before blaming it on Obama.

Equality of outcome - oppressive socialist society

Reducing an excessive inequality does not make for oppression.

There are so many things wrong with you post I don't know if I can address them all.

For one thing you are putting the cart before the horse, income inequality doesn't cause fewer opportunities, it's the opportunities not taken that cause inequality.

It isn't schizoid, it's fact. The DNC us rehashing spread the wealth around by calling it income inequality.

In order for the government to "correct" income inequality, it will have to resort to doing things that are oppressive. You cannot correct the perceived problem without oppressive solutions.

 

[PredFan]

Nothing in capitalism causes a gap in earnings like we are seeing. The opposite should be true.

"Should be"? And if it isn't?.. What makes you think that rising income inequality results form anything BUT free market "naturally" distributing incomes that way?

It is obvious that rising income inequality the way a free market economy adjusts to advances in computers and automaton. These developments destroy blue collar, and many white collar middle class jobs, leaving the economy with a few star positions (highly skilled professionals) and the rest are McJobs/Walmart variety.

Because capitalism, true free market capitalism, will naturally spread the wealth around in the form of consumer spending, job creation, and innovation. Your example of automation only results in temporary decreases in opportunity. There are jobs and innovation created by that technology.

The only thing that screws up the system is government regulation and meddling.

 

[editec]

Without DOUBT some of the proposed solutions to income and wealth inequity can be WORSE than the disease itself.

That said, it is ALSO TRUE that when wealth inequity get too large a consumer driven economy starts to fail.

That is basically what is happening now.

That is also why we now really have two economies...the economy of the working class which is in the skids, and the economy of the investment class which has been pampered by our government for the last 50 years.

 

[ClosedCaption]

How can they blame Obama for rising income inequality while defending the rising income inequality?

How can they say Obama is about spreading the wealth around like a socialist while saying the income inequality has grown under this "socialist"?

Doesnt make sense does it? Nope because its non sense

 

[Seawytch]

Without DOUBT some of the proposed solutions to income and wealth inequity can be WORSE than the disease itself.

That said, it is ALSO TRUE that when wealth inequity get too large a consumer driven economy starts to fail.

That is basically what is happening now.

That is also why we now really have two economies...the economy of the working class which is in the skids, and the economy of the investment class which has been pampered by our government for the last 50 years.

John "can't keep it in his pants" Edward's "Two Americas".

 

[Redfish]

Without DOUBT some of the proposed solutions to income and wealth inequity can be WORSE than the disease itself.

That said, it is ALSO TRUE that when wealth inequity get too large a consumer driven economy starts to fail.

That is basically what is happening now.

That is also why we now really have two economies...the economy of the working class which is in the skids, and the economy of the investment class which has been pampered by our government for the last 50 years.

John "can't keep it in his pants" Edward's "Two Americas".

So, do we destroy the job creators and investors in order to help the workers?

Do we destroy the stock market and everyone's 401K accounts in order to punish the rich for being successful?

What exactly do you on the left want to happen?

no generalities like "make everything more fair" give us some specifics or admit that your entire argument is based on envy.

 

[ClosedCaption]

Without DOUBT some of the proposed solutions to income and wealth inequity can be WORSE than the disease itself.

That said, it is ALSO TRUE that when wealth inequity get too large a consumer driven economy starts to fail.

That is basically what is happening now.

That is also why we now really have two economies...the economy of the working class which is in the skids, and the economy of the investment class which has been pampered by our government for the last 50 years.

John "can't keep it in his pants" Edward's "Two Americas".

So, do we destroy the job creators and investors in order to help the workers?

Do we destroy the stock market and everyone's 401K accounts in order to punish the rich for being successful?

What exactly do you on the left want to happen?

no generalities like "make everything more fair" give us some specifics or admit that your entire argument is based on envy.

1. Do you see jobs being created or do you see the rich hoarding their money? Hint: This thread is about *blank*

2. Investors destroyed the stock market and you dont have anything bad to say. It seems you are for destruction as long as the "right people" are doing the destroying

3. What is your solution? Anything? The only thing you've done is point at every other solution and say no. So heres your chance. But you dont see anything wrong so your "solution" will be the same as with everything else i.e. do nothing

 

[Redfish]

John "can't keep it in his pants" Edward's "Two Americas".

So, do we destroy the job creators and investors in order to help the workers?

Do we destroy the stock market and everyone's 401K accounts in order to punish the rich for being successful?

What exactly do you on the left want to happen?

no generalities like "make everything more fair" give us some specifics or admit that your entire argument is based on envy.

1. Do you see jobs being created or do you see the rich hoarding their money? Hint: This thread is about *blank*

2. Investors destroyed the stock market and you dont have anything bad to say. It seems you are for destruction as long as the "right people" are doing the destroying

3. What is your solution? Anything? The only thing you've done is point at every other solution and say no. So heres your chance. But you dont see anything wrong so your "solution" will be the same as with everything else i.e. do nothing

1. the rich and businesses are sitting on money right now because of all the unknowns related to the impacts of ACA and the thousands of new regulations rammed through by obama

2. the stock market had a great year in 2013, where were you?

3. my solution? get the govt off the backs of business and let the market operate on the principles of supply and demand. There are trillions waiting to be spent in this country, millions of new jobs to be created, billions in new tax revenue.

specifics:
1. eliminate all corporate income taxes---they are paid by consumers
2. cut the cap gains rate to 10%
3. collect SS taxes on all income of all types, not just the first 106K of earned income
4. play hardball with china on trade
5. stop the FED from printing worthless money and dumping it into the sytstem


OK. still waiting for some specifics from any of you libs.

 

[KNB]

No, the 1% do not need trillions upon trillions of dollars in offshore tax shelters because of the costs of Obamacare. They have trillions in untaxable accounts because they don't give a fuck about you or anyone else but the shareholders in their company.

Do the GOP monkeys on this board who try to defend the 1% actually think that the 1% care about you? They don't. Anyone rich enough to be in the 1% will never read internet messageboards or care about the people who write on them. So why defend the 1% when the 1% will never defend you?

 

[Redfish]

No, the 1% do not need trillions upon trillions of dollars in offshore tax shelters because of the costs of Obamacare. They have trillions in untaxable accounts because they don't give a fuck about you or anyone else but the shareholders in their company.

Do the GOP monkeys on this board who try to defend the 1% actually think that the 1% care about you? They don't. Anyone rich enough to be in the 1% will never read internet messageboards or care about the people who write on them. So why defend the 1% when the 1% will never defend you?

Uhhh, there are a lot of democrats in the 1%. do you think they give a shit about you?

are you really so ignorant that you think that the following are republicans: Oprah, Gates, Soros, Streisand, Sarandon, Pelosi, Maher, Reid, Clinton, Obama, Beyonce, Jay Z, Do you think these rich libtardian democrats are going to give YOU any of their billions?

why is OK that Beyonce makes 500 million and you bitch about a CEO making 5 million?

 

[ClosedCaption]

So, do we destroy the job creators and investors in order to help the workers?

Do we destroy the stock market and everyone's 401K accounts in order to punish the rich for being successful?

What exactly do you on the left want to happen?

no generalities like "make everything more fair" give us some specifics or admit that your entire argument is based on envy.

1. Do you see jobs being created or do you see the rich hoarding their money? Hint: This thread is about *blank*

2. Investors destroyed the stock market and you dont have anything bad to say. It seems you are for destruction as long as the "right people" are doing the destroying

3. What is your solution? Anything? The only thing you've done is point at every other solution and say no. So heres your chance. But you dont see anything wrong so your "solution" will be the same as with everything else i.e. do nothing

1. the rich and businesses are sitting on money right now because of all the unknowns related to the impacts of ACA and the thousands of new regulations rammed through by obama

2. the stock market had a great year in 2013, where were you?

3. my solution? get the govt off the backs of business and let the market operate on the principles of supply and demand. There are trillions waiting to be spent in this country, millions of new jobs to be created, billions in new tax revenue.

specifics:
1. eliminate all corporate income taxes---they are paid by consumers
2. cut the cap gains rate to 10%
3. collect SS taxes on all income of all types, not just the first 106K of earned income
4. play hardball with china on trade
5. stop the FED from printing worthless money and dumping it into the sytstem


OK. still waiting for some specifics from any of you libs.

1. So you cant call them job creators if they arent creating jobs. Thats the point. So its not hurting the job creators its hurting the money hoarders

2. For Wall Street...Main Street is still suffering from massive losts in 401k, real estate etc. Where have you been?

3. Your specifics drive us deeper into debt, allows the rich to hoard more money for a mirade of reasons or excuses that you used above (and have been used for a number of years) We cant play hardball with the same people who own the IOU slips. I agree with the FED position.

 

[realinvestment]

It's an election year and we will be hearing a lot if bull shit. No bigger pile of crap than "income equality" or lack thereof.

You get the point. It's an election year.

Obama put his finger up in the air to see which way the wind is blowing and concluded there are many more middle class and poor people....Is it any surprise that income inequality might gain some traction? Especially now that the Pope is on Obama's side?

 

[Redfish]

1. Do you see jobs being created or do you see the rich hoarding their money? Hint: This thread is about *blank*

2. Investors destroyed the stock market and you dont have anything bad to say. It seems you are for destruction as long as the "right people" are doing the destroying

3. What is your solution? Anything? The only thing you've done is point at every other solution and say no. So heres your chance. But you dont see anything wrong so your "solution" will be the same as with everything else i.e. do nothing

1. the rich and businesses are sitting on money right now because of all the unknowns related to the impacts of ACA and the thousands of new regulations rammed through by obama

2. the stock market had a great year in 2013, where were you?

3. my solution? get the govt off the backs of business and let the market operate on the principles of supply and demand. There are trillions waiting to be spent in this country, millions of new jobs to be created, billions in new tax revenue.

specifics:
1. eliminate all corporate income taxes---they are paid by consumers
2. cut the cap gains rate to 10%
3. collect SS taxes on all income of all types, not just the first 106K of earned income
4. play hardball with china on trade
5. stop the FED from printing worthless money and dumping it into the sytstem


OK. still waiting for some specifics from any of you libs.

1. So you cant call them job creators if they arent creating jobs. Thats the point. So its not hurting the job creators its hurting the money hoarders

2. For Wall Street...Main Street is still suffering from massive losts in 401k, real estate etc. Where have you been?

3. Your specifics drive us deeper into debt, allows the rich to hoard more money for a mirade of reasons or excuses that you used above (and have been used for a number of years) We cant play hardball with the same people who own the IOU slips. I agree with the FED position.

1. I explained why they are sitting on their money, if you are not capable of understanding I cannot help you

2. If you lost money in your 401K last year, you or your financial planner is incompetent.

3. the way out of debt is to stop spending more than we collect and to pay down the principal. do you know that we are only paying the interest on the debt and the principle goes up by around a trillion every year? does that make sense to you?

my specifics would work, govt revenue would increase.

 

[KNB]

No, the 1% do not need trillions upon trillions of dollars in offshore tax shelters because of the costs of Obamacare. They have trillions in untaxable accounts because they don't give a fuck about you or anyone else but the shareholders in their company.

Do the GOP monkeys on this board who try to defend the 1% actually think that the 1% care about you? They don't. Anyone rich enough to be in the 1% will never read internet messageboards or care about the people who write on them. So why defend the 1% when the 1% will never defend you?

Uhhh, there are a lot of democrats in the 1%. do you think they give a shit about you?

are you really so ignorant that you think that the following are republicans: Oprah, Gates, Soros, Streisand, Sarandon, Pelosi, Maher, Reid, Clinton, Obama, Beyonce, Jay Z, Do you think these rich libtardian democrats are going to give YOU any of their billions?

why is OK that Beyonce makes 500 million and you bitch about a CEO making 5 million?

What part of "The 1% don't care about any of us" means "I care about Beyonce"?

According to the USDA, 14% of US households have a hard time getting enough to eat. According to the VA, 47% of homeless vets are from Vietnam. According to the CIA, the United States of America trained the jihad in Afghanistan to drain a more powerful invading force of wealth and morale for as long as Afghanistan was occupied.

America has spent $2b/wk for over ten years trying to win a war against terrorists that the CIA trained in terrorist tactics specifically to defeat a more powerful military. The USSR occupied Afghanistan for ten years and finally withdrew in defeat. Now the US is thinking that its more powerful military is going to succeed where Russia failed, and the US is spending billions on this costly, useless war instead of providing for the basic needs of Americans. Russia went broke trying to win in Afghanistan and their infrastructure collapsed. We have thousands of bridges in the US that do not pass safety standards, but we can't spend $2b each week to fix those because we have to win a war that the CIA designed to be unwinnable.

So while 14% of Americans can't get enough to eat, rich people are sitting on their asses making billions of fictional dollars off of "clever" accounting schemes. When are these so-called "job creators" going to create any jobs?

95% of economic gains in America since 2009 went to the richest 1%. Is that not enough money to create jobs? Yes or no.

 

[PredFan]

No, the 1% do not need trillions upon trillions of dollars in offshore tax shelters because of the costs of Obamacare. They have trillions in untaxable accounts because they don't give a fuck about you or anyone else but the shareholders in their company.

Do the GOP monkeys on this board who try to defend the 1% actually think that the 1% care about you? They don't. Anyone rich enough to be in the 1% will never read internet messageboards or care about the people who write on them. So why defend the 1% when the 1% will never defend you?

They do not have to care about us. And yes we know they don't.

The thing that you don't understand (one of many things)is that wealth is NOT finite. Just because they have it and they are keeping it does not mean that there isn't any for you. If you want wealth they can't stop you from achieving it. Only you and possibly government interference is stopping you.

 

[boedicca]

All one needs to know regarding the bogosity of "Income Equality" is that the biggest promoters already have a Great Deal of Tax Shielded Wealth, are are exempt from their suggested policies.

 

[Redfish]

No, the 1% do not need trillions upon trillions of dollars in offshore tax shelters because of the costs of Obamacare. They have trillions in untaxable accounts because they don't give a fuck about you or anyone else but the shareholders in their company.

Do the GOP monkeys on this board who try to defend the 1% actually think that the 1% care about you? They don't. Anyone rich enough to be in the 1% will never read internet messageboards or care about the people who write on them. So why defend the 1% when the 1% will never defend you?

Uhhh, there are a lot of democrats in the 1%. do you think they give a shit about you?

are you really so ignorant that you think that the following are republicans: Oprah, Gates, Soros, Streisand, Sarandon, Pelosi, Maher, Reid, Clinton, Obama, Beyonce, Jay Z, Do you think these rich libtardian democrats are going to give YOU any of their billions?

why is OK that Beyonce makes 500 million and you bitch about a CEO making 5 million?

What part of "The 1% don't care about any of us" means "I care about Beyonce"?

According to the USDA, 14% of US households have a hard time getting enough to eat. According to the VA, 47% of homeless vets are from Vietnam. According to the CIA, the United States of America trained the jihad in Afghanistan to drain a more powerful invading force of wealth and morale for as long as Afghanistan was occupied.

America has spent $2b/wk for over ten years trying to win a war against terrorists that the CIA trained in terrorist tactics specifically to defeat a more powerful military. The USSR occupied Afghanistan for ten years and finally withdrew in defeat. Now the US is thinking that its more powerful military is going to succeed where Russia failed, and the US is spending billions on this costly, useless war instead of providing for the basic needs of Americans. Russia went broke trying to win in Afghanistan and their infrastructure collapsed. We have thousands of bridges in the US that do not pass safety standards, but we can't spend $2b each week to fix those because we have to win a war that the CIA designed to be unwinnable.

So while 14% of Americans can't get enough to eat, rich people are sitting on their asses making billions of fictional dollars off of "clever" accounting schemes. When are these so-called "job creators" going to create any jobs?

95% of economic gains in America since 2009 went to the richest 1%. Is that not enough money to create jobs? Yes or no.

I never said that I supported the fiasco wars in Iraq and Afghanistan. Just like in Viet Nam, american kids are being killed and maimed for NOTHING.

The "clever accounting schemes" were put in place by the party that has controlled congress for most of the last 75 years-------------know which party that was? the democrat party.

yes, the rich/poor gap has increased under obama, why don't you blaime him?

 

[KNB]

No, the 1% do not need trillions upon trillions of dollars in offshore tax shelters because of the costs of Obamacare. They have trillions in untaxable accounts because they don't give a fuck about you or anyone else but the shareholders in their company.

Do the GOP monkeys on this board who try to defend the 1% actually think that the 1% care about you? They don't. Anyone rich enough to be in the 1% will never read internet messageboards or care about the people who write on them. So why defend the 1% when the 1% will never defend you?

They do not have to care about us. And yes we know they don't.

The thing that you don't understand (one of many things)is that wealth is NOT finite. Just because they have it and they are keeping it does not mean that there isn't any for you. If you want wealth they can't stop you from achieving it. Only you and possibly government interference is stopping you.

Have you ever heard the term "too big to prosecute"?

Yes, the 1% have to care about us because We the People are their customers and victims. Have you ever heard the term "too big to prosecute"? It came from HSBC confessing to laundering billions for terrorists who are killing Americans. HSBC could not be prosecuted nor could the corporate executives be put in jail because bringing down Europe's largest bank would have crippled the global economy. So HSBC paid a small fine equal to about 2-months' revenue and went right back to work.

Do the families of the American soldiers who were killed by weapons bought by terrorists with money laundered through HSBC ever get that kind of preferential treatment?

Keep defending the 1% who don't care about you. One day, you'll be rich like them. Oh, wait. No, you won't.

 

[Bombur]

I probably should have said that differently.

That is only one of many opportunities. If one opportunity isn't an option, look for another.

Others would be grants and scholarships for school and training, spotting a need and filling it, and even opportunities that come from blind luck.

That really doesn't sound like equality of opportunity.

I think equality of opportunity is not really possible. I think the real goal is to try and equalize opportunity and to provide an "adequate" level of opportunity. Opportunity should also be free of discrimination based on things like race or gender.

I think what qualifies as "adequate" changes over time. The importance placed on education in our current economy drastically changes the equation compared to just 100 years ago.

you don't really want equal opportunity, you want equal results, you want everyone in the world to have the same income and standard of living-----------you are a dreamer, but dreams are just that----thoughts in your sleep with no connection to reality.

I don't want those things. I have never said I want those things. I have expressly pointed out multiple times I don't want those things. What you are doing is creating a straw man for you to argue against. Have at it but don't be fooled that you are arguing against me.

What I want is balanced and effective markets that lead to long term growth and prosperity for our nation.

 

[Bombur]

I disagree, it is equality of opportunity, obviously I'm not going to list every type there is. Equality if opportunity would by definition be free of descrimination.

Certain types of discrimination yes, but not all.

Opportunity will always be based on money because providing opportunity to children will always be valued by parents.