Weatherman2020
Diamond Member
- Mar 3, 2013
- 94,685
- 66,676
SOON everything will cost more and there goes your crumbs ,,,,but EXXON got 10 billionHolding interest rates at rock bottom creates a higher stock market.Now I know what they mean though about fake numbers. When trump bragged black unemployment is at an all time low I want to ask black people if they know unemployed brothers who got a new job in the last year, or have they just given up looking?They also bashed the unemployment numbers going down under Obama False false false the orange rectum bellowedIt was you guys 2 years ago you wouldn’t let us use the good stock market as proof Obama’s was good, then you said trump was good because of the stock market.
We don’t care about the investor class. What about blue collar? Are they better off? Maybe they are with trump slowing immigration.
Isn’t that what republicans were saying in 2016?
Which has no bearing on the strength of the economy.
We told them this would happen. Trump would have been smarter to pass that tax bill right before the midterms. In the next 8 months people are going to figure out we got hosed with this tax bill.
Remember last year Republicans blamed Obama for the gap between the rich and poor getting bigger? Well now we can directly point to this Trump tax bill and say it is absolutely responsible for the gap growing.
U.S. income inequality is bad, but wealth inequality is a bigger problem
1 Economic inequality can give wealthier people an unacceptable degree of control over the lives of others.
If wealth is very unevenly distributed in a society, wealthy people often end up in control of many aspects of the lives of poorer citizens: over where and how they can work, what they can buy, and in general what their lives will be like. As an example, ownership of a public media outlet, such as a newspaper or a television channel, can give control over how others in the society view themselves and their lives, and how they understand their society.
2. Economic inequality can undermine the fairness of political institutions.
If those who hold political offices must depend on large contributions for their campaigns, they will be more responsive to the interests and demands of wealthy contributors, and those who are not rich will not be fairly represented.
3. Economic inequality undermines the fairness of the economic system itself.
Economic inequality makes it difficult, if not impossible, to create equality of opportunity. Income inequality means that some children will enter the workforce much better prepared than others. And people with few assets find it harder to access the first small steps to larger opportunities, such as a loan to start a business or pay for an advanced degree.
None of these objections is an expression of mere envy. They are objections to inequality based on the effects of some being much better off than others. In principle, these effects could avoided, without reducing economic inequality, through such means as the public financing of political campaigns and making high-quality public education available to all children (however difficult this would be in practice).
A fourth kind of objection to inequality is more direct. In Paul Krugman’s review of Capital in the 21st Century by Thomas Piketty, he mentions these stats from the US Bureau of Labor Statistics: “Real wages for most U.S. workers have increased little if at all since the early 1970s, but wages for the top 1 percent of earners have risen 165 percent, and wages for the top 0.1 percent have risen 362 percent.” (Krugman calls those “supersalaries.”) Again, the idea that this is objectionable is not mere envy. It rests, I believe, on this idea, my fourth point:
4. Workers, as participants in a scheme of cooperation that produces national income, have a claim to a fair share of what they have helped to produce.
Remember last year Republicans blamed Obama for the gap between the rich and poor getting bigger? Well now we can directly point to this Trump tax bill and say it is absolutely responsible for the gap growing.
Do tell us how a bill that has not even been around for a month and is not fully implemented is responsible but 8 years of the Obama Error have nothing to do with it.
And while you are answering that, let us know how many low income people have a stock portfolio and took advantage of the market during the Obama Error.