Top 20% of households pay vast majority of income taxes

[Andylusion]

Everybody in this country needs a tax cut, especially the people that earned the money the fucking government taxes.

That top 20% are the job producers in this country.

I am actually in the top 20% of income earners in the US. Before retirement I was in the top 10%. Thanks to Trump I am getting an almost $3K reduction in income tax this year and I will spend it in the productive economy instead of giving it to some stupid bureaucrat to give to some filthy ass welfare queen or Illegal or waste on some worthless no benefit government program. If the federal budget was reduced a trillion a year and I got a corresponding reduction in taxes I would have a lot more money to spend to stimulate the productive economy.

The country is not more prosperous when the stupid government takes money from the person that earned it and then gives it to a person that didn't earn it. You usually learn things like that in Economics 101. Liberals don't understand Economics, do they?

That top 20% are the job producers in this country.

Nonsense.

Nonsense? How many of the bottom income people, produce jobs? How many poor people have offered you full time jobs? Do tell. I can't wait to see your statistical numbers of how many poor people create long-term jobs in the country.

Jobs are created to meet demand. Demand comes from consumers.
There aren't wal marts all over the country because of rich people.

But it was the "rich people" who developed, financed and executed on the WalMart premise. If it were easy then anyone could do it.

Sure, because it's profitable. A good investment and only because there were and are consumers demanding what they offer. It's the bulk of America that makes our economy work. Not rich people.

Investment only makes up 15% of GDP.
Consumer spending is 70%.

Well of course because it is profitable. No one does anything, unless it is profitable to do so.

Regardless, all people are involved in the "economy" I agree. But to deny that rich people create jobs and wealth, you are crazy. Look at any economy where the rich and wealthy are removed. You see how happy and productive and wealthy they are? NO. Flat out, you do not.

How many countries around the world, and the vast population is the economy there to... yet you remove the wealthy, and the economy is destroy, and people are starving. Happens routinely.

 

[Hutch Starskey]

Nonsense.

Nonsense? How many of the bottom income people, produce jobs? How many poor people have offered you full time jobs? Do tell. I can't wait to see your statistical numbers of how many poor people create long-term jobs in the country.

Jobs are created to meet demand. Demand comes from consumers.
There aren't wal marts all over the country because of rich people.

But it was the "rich people" who developed, financed and executed on the WalMart premise. If it were easy then anyone could do it.

Sure, because it's profitable. A good investment and only because there were and are consumers demanding what they offer. It's the bulk of America that makes our economy work. Not rich people.

Investment only makes up 15% of GDP.
Consumer spending is 70%.

Well of course because it is profitable. No one does anything, unless it is profitable to do so.

Regardless, all people are involved in the "economy" I agree. But to deny that rich people create jobs and wealth, you are crazy. Look at any economy where the rich and wealthy are removed. You see how happy and productive and wealthy they are? NO. Flat out, you do not.

How many countries around the world, and the vast population is the economy there to... yet you remove the wealthy, and the economy is destroy, and people are starving. Happens routinely.

I never even hinted that rich people don't play a role. I just said they don't drive the economy in the ways you guys characterize.

Not all rich people run enterprises with thousands of employees. There's plenty of rich folks who just make money with money.

Certainly Lebron James is not creating jobs in any significant way.

 

[Flash]

[


I never even hinted that rich people don't play a role. I just said they don't drive the economy in the ways you guys characterize.

Not all rich people run enterprises with thousands of employees. There's plenty of rich folks who just make money with money.

Certainly Lebron James is not creating jobs in any significant way.

You are very confused about this. Have you ever taken a course in Economics?

I'm sure your local Community College has a course in Economics. You should really consider signing up for it.

You are getting beat up on this thread because you are lacking basic knowledge of how an economy works.

Capital is the driver for economic growth.

Poor people don't create jobs. They can "demand" all they want but if they don't have the money nothing is going is going to be bought. In order for them to get the money for demand they have to have jobs that are created by people with excess capital to invest.

 

[AzogtheDefiler]

It is also unfair to say that poor people made the rich, rich. Bezos, Gates, Cuban, Buffett, didn't steal money from the poor to make themselves rich.

I never said they did.

It was your quote:

"The poor make the rich, rich."

And this was your quote..

It is also unfair to say that poor people made the rich, rich. Bezos, Gates, Cuban, Buffett, didn't steal money from the poor to make themselves rich.

Yes, and I never said I didn't say it. If they didn't steal it then how did the poor make the rich, rich?

Because they spend money with them, dope.

No need for ad Hominems. Do you think the middle class makes the rich, rich?

 

[AzogtheDefiler]

Nonsense? How many of the bottom income people, produce jobs? How many poor people have offered you full time jobs? Do tell. I can't wait to see your statistical numbers of how many poor people create long-term jobs in the country.

Jobs are created to meet demand. Demand comes from consumers.
There aren't wal marts all over the country because of rich people.

But it was the "rich people" who developed, financed and executed on the WalMart premise. If it were easy then anyone could do it.

Sure, because it's profitable. A good investment and only because there were and are consumers demanding what they offer. It's the bulk of America that makes our economy work. Not rich people.

Investment only makes up 15% of GDP.
Consumer spending is 70%.

Well of course because it is profitable. No one does anything, unless it is profitable to do so.

Regardless, all people are involved in the "economy" I agree. But to deny that rich people create jobs and wealth, you are crazy. Look at any economy where the rich and wealthy are removed. You see how happy and productive and wealthy they are? NO. Flat out, you do not.

How many countries around the world, and the vast population is the economy there to... yet you remove the wealthy, and the economy is destroy, and people are starving. Happens routinely.

I never even hinted that rich people don't play a role. I just said they don't drive the economy in the ways you guys characterize.

Not all rich people run enterprises with thousands of employees. There's plenty of rich folks who just make money with money.

Certainly Lebron James is not creating jobs in any significant way.

You’re wrong. Ask the restaurant owners in Cleveland along with those who work at the arena. He created mega jobs.

 

[Hutch Starskey]

[


I never even hinted that rich people don't play a role. I just said they don't drive the economy in the ways you guys characterize.

Not all rich people run enterprises with thousands of employees. There's plenty of rich folks who just make money with money.

Certainly Lebron James is not creating jobs in any significant way.

You are very confused about this. Have you ever taken a course in Economics?

I'm sure your local Community College has a course in Economics. You should really consider signing up for it.

You are getting beat up on this thread because you are lacking basic knowledge of how an economy works.

Capital is the driver for economic growth.

Poor people don't create jobs. They can "demand" all they want but if they don't have the money nothing is going is going to be bought. In order for them to get the money for demand they have to have jobs that are created by people with excess capital to invest.

Fuck you, hillbilly.

I'm getting beat up? Not likely.
You don't have a clue.

Consumers drive the economy. Not investment.
Investment capitalizes on demand. It doesn't create it.

You couldn't get through the first test in an economics course.

 

[Hutch Starskey]

I never said they did.

It was your quote:

"The poor make the rich, rich."

And this was your quote..

It is also unfair to say that poor people made the rich, rich. Bezos, Gates, Cuban, Buffett, didn't steal money from the poor to make themselves rich.

Yes, and I never said I didn't say it. If they didn't steal it then how did the poor make the rich, rich?

Because they spend money with them, dope.

No need for ad Hominems. Do you think the middle class makes the rich, rich?

No need to characterize me as a liar, dope.

Of course they do.

 

[AzogtheDefiler]

It was your quote:

"The poor make the rich, rich."

And this was your quote..

It is also unfair to say that poor people made the rich, rich. Bezos, Gates, Cuban, Buffett, didn't steal money from the poor to make themselves rich.

Yes, and I never said I didn't say it. If they didn't steal it then how did the poor make the rich, rich?

Because they spend money with them, dope.

No need for ad Hominems. Do you think the middle class makes the rich, rich?

No need to characterize me as a liar, dope.

Of course they do.

I misunderstood your intent my apologies. So the rich as you admitted are rich because they are better with money than those who are not rich?

 

[Hutch Starskey]

Jobs are created to meet demand. Demand comes from consumers.
There aren't wal marts all over the country because of rich people.

But it was the "rich people" who developed, financed and executed on the WalMart premise. If it were easy then anyone could do it.

Sure, because it's profitable. A good investment and only because there were and are consumers demanding what they offer. It's the bulk of America that makes our economy work. Not rich people.

Investment only makes up 15% of GDP.
Consumer spending is 70%.

Well of course because it is profitable. No one does anything, unless it is profitable to do so.

Regardless, all people are involved in the "economy" I agree. But to deny that rich people create jobs and wealth, you are crazy. Look at any economy where the rich and wealthy are removed. You see how happy and productive and wealthy they are? NO. Flat out, you do not.

How many countries around the world, and the vast population is the economy there to... yet you remove the wealthy, and the economy is destroy, and people are starving. Happens routinely.

I never even hinted that rich people don't play a role. I just said they don't drive the economy in the ways you guys characterize.

Not all rich people run enterprises with thousands of employees. There's plenty of rich folks who just make money with money.

Certainly Lebron James is not creating jobs in any significant way.

You’re wrong. Ask the restaurant owners in Cleveland along with those who work at the arena. He created mega jobs.

Not directly or purposefully.

Others capitalized on the existing demand.
Try again.

 

[Andylusion]

It was your quote:

"The poor make the rich, rich."

I don't have a problem with that quote. It's partially true, at the very least. Every person who spends money helps to make the rich rich. Every time we make a purchasing decision we're deciding who we want to be rich. That's why I don't have a problem with income inequality in and of itself. It's only a problem when people are using coercion to acquire wealth (either through fraud and theft, or via manipulating laws).

Well yes.... if you think about it, everyone that buys or sells anything, is helping someone become rich.

I think the problem many have with this, is that people seem to have a one-way view of how wealth works. Like if I buy something, I get poorer, and the rich get richer.

If that was true.... at all.... I wouldn't do it. If every time I bought gasoline for my car, I was worse off than before I bought it.... I wouldn't buy it.

The rich get rich, because they provide value and wealth to the rest of society. The poorest person, is better of with a working car, than they are without one. So when they pay money to a rich person for a product, they are getting an exchange in value.

Additionally, the vast majority of cost in any product, is the labor. So most of what you pay for any given product, goes to the employees, not the CEO.

Consider McDonald's for example. The entire store chain serves roughly 69 Million people a day. That's 25 Billion a year. The CEO last year got $21.8 Million. Now assuming that is all cash (which it is not), that means the CEO of McDonald's earned roughly 8/100th of a penny, per customer.

So when you drive through McDonald's and buy your $10 value meal.... a fraction of a penny of that price is going to the CEO. Where is the rest of that money going? To the employees, to the employees of the stores suppliers, and so on.

 

[AzogtheDefiler]

[


I never even hinted that rich people don't play a role. I just said they don't drive the economy in the ways you guys characterize.

Not all rich people run enterprises with thousands of employees. There's plenty of rich folks who just make money with money.

Certainly Lebron James is not creating jobs in any significant way.

You are very confused about this. Have you ever taken a course in Economics?

I'm sure your local Community College has a course in Economics. You should really consider signing up for it.

You are getting beat up on this thread because you are lacking basic knowledge of how an economy works.

Capital is the driver for economic growth.

Poor people don't create jobs. They can "demand" all they want but if they don't have the money nothing is going is going to be bought. In order for them to get the money for demand they have to have jobs that are created by people with excess capital to invest.

Fuck you, hillbilly.

I'm getting beat up? Not likely.
You don't have a clue.

Consumers drive the economy. Not investment.
Investment capitalizes on demand. It doesn't create it.

You couldn't get through the first test in an economics course.

There are a lot of consumers in Venezuela yet that economy is in shambles. Ton of consumers in the old Soviet Union but the store shelves were empty. Without capitalism and innovation the consumer has nothing to purchase

 

[AzogtheDefiler]

But it was the "rich people" who developed, financed and executed on the WalMart premise. If it were easy then anyone could do it.

Sure, because it's profitable. A good investment and only because there were and are consumers demanding what they offer. It's the bulk of America that makes our economy work. Not rich people.

Investment only makes up 15% of GDP.
Consumer spending is 70%.

Well of course because it is profitable. No one does anything, unless it is profitable to do so.

Regardless, all people are involved in the "economy" I agree. But to deny that rich people create jobs and wealth, you are crazy. Look at any economy where the rich and wealthy are removed. You see how happy and productive and wealthy they are? NO. Flat out, you do not.

How many countries around the world, and the vast population is the economy there to... yet you remove the wealthy, and the economy is destroy, and people are starving. Happens routinely.

I never even hinted that rich people don't play a role. I just said they don't drive the economy in the ways you guys characterize.

Not all rich people run enterprises with thousands of employees. There's plenty of rich folks who just make money with money.

Certainly Lebron James is not creating jobs in any significant way.

You’re wrong. Ask the restaurant owners in Cleveland along with those who work at the arena. He created mega jobs.

Not directly or purposefully.

Others capitalized on the existing demand.
Try again.

LBJ is a brand. More than just a player. You don’t think Tom Brady creates jobs?

 

[Hutch Starskey]

And this was your quote..

Yes, and I never said I didn't say it. If they didn't steal it then how did the poor make the rich, rich?

Because they spend money with them, dope.

No need for ad Hominems. Do you think the middle class makes the rich, rich?

No need to characterize me as a liar, dope.

Of course they do.

I misunderstood your intent my apologies. So the rich as you admitted are rich because they are better with money than those who are not rich?

Better?

Better at extracting it from others. Sure.

 

[AzogtheDefiler]

Yes, and I never said I didn't say it. If they didn't steal it then how did the poor make the rich, rich?

Because they spend money with them, dope.

No need for ad Hominems. Do you think the middle class makes the rich, rich?

No need to characterize me as a liar, dope.

Of course they do.

I misunderstood your intent my apologies. So the rich as you admitted are rich because they are better with money than those who are not rich?

Better?

Better at extracting it from others. Sure.

Consumers don’t have to buy from them. Toys R Us is out of business because their mousetrap was not a good one. Home Depot and Lowe’s meanwhile are thriving.

 

[AzogtheDefiler]

Nonsense? How many of the bottom income people, produce jobs? How many poor people have offered you full time jobs? Do tell. I can't wait to see your statistical numbers of how many poor people create long-term jobs in the country.

Jobs are created to meet demand. Demand comes from consumers.
There aren't wal marts all over the country because of rich people.

But it was the "rich people" who developed, financed and executed on the WalMart premise. If it were easy then anyone could do it.

Sure, because it's profitable. A good investment and only because there were and are consumers demanding what they offer. It's the bulk of America that makes our economy work. Not rich people.

Investment only makes up 15% of GDP.
Consumer spending is 70%.

Yet Sears failed. Sometimes "rich people" make mistakes. Consumers have a plethora of options. The key is to build the best mousetrap.

I suspect that for every success there are usually several failures.

That is why it is called risk.

It is despicable that people put up their money and take risk to create jobs and then the friggin oppressive government takes a good size portion of the profits and then gives the money to worthless welfare queens and Illegals.

This dude is hopeless. You’re wasting your time. He doesn’t understand economics, business or finance.

 

[Hutch Starskey]

It was your quote:

"The poor make the rich, rich."

I don't have a problem with that quote. It's partially true, at the very least. Every person who spends money helps to make the rich rich. Every time we make a purchasing decision we're deciding who we want to be rich. That's why I don't have a problem with income inequality in and of itself. It's only a problem when people are using coercion to acquire wealth (either through fraud and theft, or via manipulating laws).

Well yes.... if you think about it, everyone that buys or sells anything, is helping someone become rich.

I think the problem many have with this, is that people seem to have a one-way view of how wealth works. Like if I buy something, I get poorer, and the rich get richer.

If that was true.... at all.... I wouldn't do it. If every time I bought gasoline for my car, I was worse off than before I bought it.... I wouldn't buy it.

The rich get rich, because they provide value and wealth to the rest of society. The poorest person, is better of with a working car, than they are without one. So when they pay money to a rich person for a product, they are getting an exchange in value.

Additionally, the vast majority of cost in any product, is the labor. So most of what you pay for any given product, goes to the employees, not the CEO.

Consider McDonald's for example. The entire store chain serves roughly 69 Million people a day. That's 25 Billion a year. The CEO last year got $21.8 Million. Now assuming that is all cash (which it is not), that means the CEO of McDonald's earned roughly 8/100th of a penny, per customer.

So when you drive through McDonald's and buy your $10 value meal.... a fraction of a penny of that price is going to the CEO. Where is the rest of that money going? To the employees, to the employees of the stores suppliers, and so on.

You just made my case for me. Thanks.

 

[Flash]

Jobs are created to meet demand. Demand comes from consumers.
There aren't wal marts all over the country because of rich people.

But it was the "rich people" who developed, financed and executed on the WalMart premise. If it were easy then anyone could do it.

Sure, because it's profitable. A good investment and only because there were and are consumers demanding what they offer. It's the bulk of America that makes our economy work. Not rich people.

Investment only makes up 15% of GDP.
Consumer spending is 70%.

Yet Sears failed. Sometimes "rich people" make mistakes. Consumers have a plethora of options. The key is to build the best mousetrap.

I suspect that for every success there are usually several failures.

That is why it is called risk.

It is despicable that people put up their money and take risk to create jobs and then the friggin oppressive government takes a good size portion of the profits and then gives the money to worthless welfare queens and Illegals.

This dude is hopeless. You’re wasting your time. He doesn’t understand economics, business or finance.

I know.

Most of the Moon Bats are dumber than a door knob and unwilling to learn. He is no exception. You can't explain Economics to a Communist or Socialist.

These Moon Bats know nothing about Economics, History, Ethics, The Constitution, Biology or Climate Science.

 

[Hutch Starskey]

Because they spend money with them, dope.

No need for ad Hominems. Do you think the middle class makes the rich, rich?

No need to characterize me as a liar, dope.

Of course they do.

I misunderstood your intent my apologies. So the rich as you admitted are rich because they are better with money than those who are not rich?

Better?

Better at extracting it from others. Sure.

Consumers don’t have to buy from them. Toys R Us is out of business because their mousetrap was not a good one. Home Depot and Lowe’s meanwhile are thriving.

Great. So what?
Their owners are rich AF. You're making my point.

 

[AzogtheDefiler]

No need for ad Hominems. Do you think the middle class makes the rich, rich?

No need to characterize me as a liar, dope.

Of course they do.

I misunderstood your intent my apologies. So the rich as you admitted are rich because they are better with money than those who are not rich?

Better?

Better at extracting it from others. Sure.

Consumers don’t have to buy from them. Toys R Us is out of business because their mousetrap was not a good one. Home Depot and Lowe’s meanwhile are thriving.

Great. So what?
Their owners are rich AF. You're making my point.

Rich because they created their wealth. And thanks to them the rest of us benefit. You don’t think consumers exist in communist countries? LOL

 

[Hutch Starskey]

But it was the "rich people" who developed, financed and executed on the WalMart premise. If it were easy then anyone could do it.

Sure, because it's profitable. A good investment and only because there were and are consumers demanding what they offer. It's the bulk of America that makes our economy work. Not rich people.

Investment only makes up 15% of GDP.
Consumer spending is 70%.

Yet Sears failed. Sometimes "rich people" make mistakes. Consumers have a plethora of options. The key is to build the best mousetrap.

I suspect that for every success there are usually several failures.

That is why it is called risk.

It is despicable that people put up their money and take risk to create jobs and then the friggin oppressive government takes a good size portion of the profits and then gives the money to worthless welfare queens and Illegals.

This dude is hopeless. You’re wasting your time. He doesn’t understand economics, business or finance.

I know.

Most of the Moon Bats are dumber than a door knob and unwilling to learn. He is no exception. You can't explain Economics to a Communist or Socialist.

These Moon Bats know nothing about Economics, History, Ethics, The Constitution, Biology or Climate Science.

Go back to your ginseng hunting, Jethro.