Jobs used as bargaining chip

[TheMercenary]

Originally Posted by SamIam

Good question, Classic. I did a Google search on it and most of statistics I found seem to agree with you that the lower boundary of adjusted gross income for the upper 5% starts at about $159,000. For the top 1% AGI starts at $380,000 and goes up from there.

In addition, the top 50% have a share of 87% of the national AGI, while the bottom 50% have a share of 13% of the national AGI. Pretty wide gap there.

$150,000 may not be all that wealthy in the real world, but what does that then imply for $30,000 or $40,000? REALLY not all that wealthy?

More class warfare, it's all about the have's and have nots with you... You also ignore the fact that that top percent already pays almost all of the federal income tax....

[SamIam]

Originally Posted by TheMercenary

More class warfare, it's all about the have's and have nots with you... You also ignore the fact that that top percent already pays almost all of the federal income tax....

You bet! I think that disparity in income is outrageous. The United States is turning into a plutocracy if its not already there. Sure, let that top percent go back to paying the same amount amount of tax as before their minion, George W., pushed through those tax breaks for them.

[tw]

Originally Posted by SamIam

I think that disparity in income is outrageous.

Why so much surprise? Posted repeatedly was the problem when George Jr was promoting those tax cuts. Find previous claims that Kennedy tax cuts would make everything better. Also posted was the reality about a more massive downturn.

Worst recessions were preceded by the richest getting wealthier. Warren Buffet long ago was complaining about his receptionist paying tax rates much higher than he. When the rich were getting richer while all other were not, then the Great Depression occurred - as was posted back then. During George Jr's tenure, the only other time in America history that disparity was increasing. What resulted. Notice how many in the Cellar have problems finding work. We have the economy created when, well ...

Make a law that requires everyone to replace their lawn every year. Then GDP numbers will increase - as extremists politicians love. What happens many years later when that new lawn does not result in any return on investment? Welcome to this recession. That example was posted how long ago? We have the recession we wanted because so many remained silent or encouraged George Jr's welfare to the rich. So that lawn example was posted.

We are witnessing what was obvious long ago. Economics takes revenge on all when economics are 'improved' by money games. We have the economy that we all wanted.

[DanaC]

Originally Posted by TheMercenary

More class warfare, it's all about the have's and have nots with you... You also ignore the fact that that top percent already pays almost all of the federal income tax....

Class warfare is what that top 1% has been engaged in for the last few decades. Just because they don't use the 'C' word, doesn't make what they've been doing class neutral.

[TheMercenary]

Originally Posted by DanaC

Class warfare is what that top 1% has been engaged in for the last few decades. Just because they don't use the 'C' word, doesn't make what they've been doing class neutral.

Yea, we call that a free market economy. What do you call it? What system would you propose?

[bluecuracao]

You are such a bitch, Merc. Are you trying to make someone say, "socialism?"

What you imagine to be a "free market economy" is destroying this economy. There won't be a "free market" anything if large corporations and obscenely big earners don't stop sitting on their stockpiles of cash and start putting it into play.

[DanaC]

Originally Posted by TheMercenary

Yea, we call that a free market economy. What do you call it? What system would you propose?

One in which the gulf between the wealthy and the rest isn't widening practically by the hour. One in which big business and the financial sector aren't bailed out constantly and aren't allowed absolute free reign to act in ways contrary to the public good. One in which an economic and political elite isn't allowed to create an effective monopoly on wealth and capital.

[Spexxvet]

Originally Posted by DanaC

One in which the gulf between the wealthy and the rest isn't widening practically by the hour. One in which big business and the financial sector aren't bailed out constantly and aren't allowed absolute free reign to act in ways contrary to the public good. One in which an economic and political elite isn't allowed to create an effective monopoly on wealth and capital.