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People who save and invest grow wealthy, people who take advice from liberals who never ran a business or made a dollar from industry or investing don't.
Wow.
Fucking complete state of shock
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"save and invest"? Are you kidding?.
What makes me laugh is these business' would be nowhere if it werent for the workers and how do the employers show their thanks? By looking down their noses at them and treating them like crap, making them work long hours or part time and paying them peanuts.
the r>g formula (that is, the rate of return on capital exceeds the rate of growth)
Why does the rate of return on capital have to exceed the rate of growth?
the r>g formula (that is, the rate of return on capital exceeds the rate of growth)
Why does the rate of return on capital have to exceed the rate of growth?
It doesn't. Picketty argues that it is a necessary (but not sufficient) condition for growing income and wealth inequality. If the rate of return on financial capital were less than the rate of growth of output, it would not be possible for owners of financial wealth to simply invest and see their share of output increase.
The payroll tax has shifted the tax burden to the workers & away from Wall-Street. This caused all the wealth created by the workers to go to Wall-Street & the jobs to go overseas.
Get rid of the payroll tax & wealth jobs will come back to the middle class.
If I earn < a living wage I cannot invest.
If I earn > a living wage and save @ < 1% I maybe become rich in a thousand years.
If I inherit a large amount of capital, it is easy to 'earn' a larger amount of capital.
If I am a member of the 1% by birth, and do not use drugs, the old boy's network will ensure me a life of great wealth and an easy path to greater wealth. Hence the effort for a 'death tax' repeal.
If I am born poor and live in poverty it is unlikely I will earn a living wage, If I do and secure a union job the very wealthy will want my labor at a lesser rate and outlaw collective bargaining.
If I'm born poor and have poor health I'm out of luck.
The American Dream is dead; we live today in an Oligarchy of the rich, by the rich and for the rich.
Welcome to the United States of America. Where the
Give me your tired, your poor,
Your huddled masses yearning to breathe free,
The wretched refuse of your teeming shore.
Send these, the homeless, tempest-tossed, to me:
I lift my lamp beside the golden door.
Where this fantasy of the American Dream's death began with the election of Ronald Reagan and fulminated under the ultra conservative hand of the callous conservatives in the 21st Century.
If I earn < a living wage I cannot invest.
If I earn > a living wage and save @ < 1% I maybe become rich in a thousand years.
If I inherit a large amount of capital, it is easy to 'earn' a larger amount of capital.
If I am a member of the 1% by birth, and do not use drugs, the old boy's network will ensure me a life of great wealth and an easy path to greater wealth. Hence the effort for a 'death tax' repeal.
If I am born poor and live in poverty it is unlikely I will earn a living wage, If I do and secure a union job the very wealthy will want my labor at a lesser rate and outlaw collective bargaining.
If I'm born poor and have poor health I'm out of luck.
The American Dream is dead; we live today in an Oligarchy of the rich, by the rich and for the rich.
Welcome to the United States of America. Where the
Give me your tired, your poor,
Your huddled masses yearning to breathe free,
The wretched refuse of your teeming shore.
Send these, the homeless, tempest-tossed, to me:
I lift my lamp beside the golden door.
Where this fantasy of the American Dream's death began with the election of Ronald Reagan and fulminated under the ultra conservative hand of the callous conservatives in the 21st Century.
If I earn > a living wage and save @ < 1% I maybe become rich in a thousand years. Minimum skill set, minimum pay. Do something to improve your earnings.
If I inherit a large amount of capital, it is easy to 'earn' a larger amount of capital. Inheritance is a parent(s) providing for and taking care of their children. You are against I take it.
If I am a member of the 1% by birth, and do not use drugs, the old boy's network will ensure me a life of great wealth and an easy path to greater wealth. Hence the effort for a 'death tax' repeal. No money should be taxed more than once. If your parents or grandparents were smart enough to earn enough money to help their protege for generations, more power to them. I plan to do the same for Mine. Its called caring for your loved ones.
If I am born poor and live in poverty it is unlikely I will earn a living wage, If I do and secure a union job the very wealthy will want my labor at a lesser rate and outlaw collective bargaining. A bold faced lie. The number of examples and proof of poor and destitute climbing out of poverty can be found everywhere. The reason is they did not whine about a living wage, they went out and worked to better themselves and never looked back on a living wage because it would be a pay cut.
If I'm born poor and have poor health I'm out of luck. Another bold faced lie. Having poor health is not a detriment to improving life and health. Giving up means you are out of luck.
The American Dream is dead; we live today in an Oligarchy of the rich, by the rich and for the rich. Funny how you people always talk about the people voting for their own best interest (when you think your ideology is what they are voting for) but you don't seem to think that successful people have that same right.
Welcome to the United States of America. Where the
Give me your tired, your poor,
Your huddled masses yearning to breathe free,
The wretched refuse of your teeming shore.
Send these, the homeless, tempest-tossed, to me:
I lift my lamp beside the golden door.
Still exists. Your understanding of history and English is very poor. No where does that say the government will give you anything but an equal opportunity. We welcome ALL LEGAL immigrants. But come prepared to earn your way.
Where this fantasy of the American Dream's death began with the election of Ronald Reagan and fulminated under the ultra conservative hand of the callous conservatives in the 21st Century. Where your decoupling from reality began must have been at the First Grade. The American dream, as we all know it, is being slowly strangled by progressivism and Barak Obama.
No thanks. It interferes with reasoning. Perhaps you should cut back.If I earn < a living wage I cannot invest.
If I earn > a living wage and save @ < 1% I maybe become rich in a thousand years.
If I inherit a large amount of capital, it is easy to 'earn' a larger amount of capital.
If I am a member of the 1% by birth, and do not use drugs, the old boy's network will ensure me a life of great wealth and an easy path to greater wealth. Hence the effort for a 'death tax' repeal.
If I am born poor and live in poverty it is unlikely I will earn a living wage, If I do and secure a union job the very wealthy will want my labor at a lesser rate and outlaw collective bargaining.
If I'm born poor and have poor health I'm out of luck.
The American Dream is dead; we live today in an Oligarchy of the rich, by the rich and for the rich.
Welcome to the United States of America. Where the
Give me your tired, your poor,
Your huddled masses yearning to breathe free,
The wretched refuse of your teeming shore.
Send these, the homeless, tempest-tossed, to me:
I lift my lamp beside the golden door.
Where this fantasy of the American Dream's death began with the election of Ronald Reagan and fulminated under the ultra conservative hand of the callous conservatives in the 21st Century.
If I earn > a living wage and save @ < 1% I maybe become rich in a thousand years. Minimum skill set, minimum pay. Do something to improve your earnings.
If I inherit a large amount of capital, it is easy to 'earn' a larger amount of capital. Inheritance is a parent(s) providing for and taking care of their children. You are against I take it.
If I am a member of the 1% by birth, and do not use drugs, the old boy's network will ensure me a life of great wealth and an easy path to greater wealth. Hence the effort for a 'death tax' repeal. No money should be taxed more than once. If your parents or grandparents were smart enough to earn enough money to help their protege for generations, more power to them. I plan to do the same for Mine. Its called caring for your loved ones.
If I am born poor and live in poverty it is unlikely I will earn a living wage, If I do and secure a union job the very wealthy will want my labor at a lesser rate and outlaw collective bargaining. A bold faced lie. The number of examples and proof of poor and destitute climbing out of poverty can be found everywhere. The reason is they did not whine about a living wage, they went out and worked to better themselves and never looked back on a living wage because it would be a pay cut.
If I'm born poor and have poor health I'm out of luck. Another bold faced lie. Having poor health is not a detriment to improving life and health. Giving up means you are out of luck.
The American Dream is dead; we live today in an Oligarchy of the rich, by the rich and for the rich. Funny how you people always talk about the people voting for their own best interest (when you think your ideology is what they are voting for) but you don't seem to think that successful people have that same right.
Welcome to the United States of America. Where the
Give me your tired, your poor,
Your huddled masses yearning to breathe free,
The wretched refuse of your teeming shore.
Send these, the homeless, tempest-tossed, to me:
I lift my lamp beside the golden door.
Still exists. Your understanding of history and English is very poor. No where does that say the government will give you anything but an equal opportunity. We welcome ALL LEGAL immigrants. But come prepared to earn your way.
Where this fantasy of the American Dream's death began with the election of Ronald Reagan and fulminated under the ultra conservative hand of the callous conservatives in the 21st Century. Where your decoupling from reality began must have been at the First Grade. The American dream, as we all know it, is being slowly strangled by progressivism and Barak Obama.
Thanks for sharing, would you like some more Kool-Aid?
The payroll tax has shifted the tax burden to the workers & away from Wall-Street. This caused all the wealth created by the workers to go to Wall-Street & the jobs to go overseas.
Get rid of the payroll tax & wealth jobs will come back to the middle class.
Sounds good.
Let workers invest their payroll taxes in the market so they can accumulate their own wealth.
Picketty uses a 200+ yrs worth of data spanning 20 countries. No wonder libertarians & repub-voters can't bear his conclusions
1:10
Thomas Piketty vs. Billionaire Heroes - The Colbert Report - Video Clip | Comedy Central
The payroll tax has shifted the tax burden to the workers & away from Wall-Street. This caused all the wealth created by the workers to go to Wall-Street & the jobs to go overseas.
Get rid of the payroll tax & wealth jobs will come back to the middle class.
Sounds good.
Let workers invest their payroll taxes in the market so they can accumulate their own wealth.
Exactly - That's why Obama CUT Payroll Taxes so workers could invest their own money. Bush & Reagan increased payroll taxes to subsidize tax cuts for billionaires.
Sounds good.
Let workers invest their payroll taxes in the market so they can accumulate their own wealth.
Exactly - That's why Obama CUT Payroll Taxes so workers could invest their own money. Bush & Reagan increased payroll taxes to subsidize tax cuts for billionaires.
No. They should invest inside a retirement account. So we can eventually get rid of the Social Security program that makes it so much more difficult for people to accumulate wealth.
Exactly - That's why Obama CUT Payroll Taxes so workers could invest their own money. Bush & Reagan increased payroll taxes to subsidize tax cuts for billionaires.
No. They should invest inside a retirement account. So we can eventually get rid of the Social Security program that makes it so much more difficult for people to accumulate wealth.
Well Comrade, Mr. Reagan's second tax increase was the Social Security Reform Act of 1983, which was an increase in the payroll tax. For many middle- and low-income families, this tax increase more than undid any gains from Mr. Reagan's income tax cuts for the workers. In 1980, according to Congressional Budget Office estimates, middle-income families with children paid 8.2 percent of their income in income taxes, and 9.5 percent in payroll taxes. By 1988 the income tax share was down to 6.6 percent, but the payroll tax share was up to 11.8 percent, and the combined burden for workers was up, not down. Only the Rich got their taxes cut. The workers got a tax increase that made them cost more to employ than foreigners.
No. They should invest inside a retirement account. So we can eventually get rid of the Social Security program that makes it so much more difficult for people to accumulate wealth.
Well Comrade, Mr. Reagan's second tax increase was the Social Security Reform Act of 1983, which was an increase in the payroll tax. For many middle- and low-income families, this tax increase more than undid any gains from Mr. Reagan's income tax cuts for the workers. In 1980, according to Congressional Budget Office estimates, middle-income families with children paid 8.2 percent of their income in income taxes, and 9.5 percent in payroll taxes. By 1988 the income tax share was down to 6.6 percent, but the payroll tax share was up to 11.8 percent, and the combined burden for workers was up, not down. Only the Rich got their taxes cut. The workers got a tax increase that made them cost more to employ than foreigners.
Mr. Reagan's second tax increase was the Social Security Reform Act of 1983, which was an increase in the payroll tax.
Imagine how much wealth those workers would have if all those SS taxes had been invested in the market since 1983.
Of course that would reduce the power of government, so I understand why you oppose it.
Sounds good.
Let workers invest their payroll taxes in the market so they can accumulate their own wealth.
Exactly - That's why Obama CUT Payroll Taxes so workers could invest their own money. Bush & Reagan increased payroll taxes to subsidize tax cuts for billionaires.
No. They should invest inside a retirement account. So we can eventually get rid of the Social Security program that makes it so much more difficult for people to accumulate wealth.
