wages up 3.2% year over year

[Nebe]

What is the inflation rate? If you account for inflation and subtract that from the average wage increase you will find that you might be quite humbled Jim.
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[Jim in CT]

Originally Posted by Nebe

What is the inflation rate? If you account for inflation and subtract that from the average wage increase you will find that you might be quite humbled Jim.
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probably not as high as 3.2%.

nebe, i’m not saying this ends poverty. i’m saying it was the highest annual growth in ten years. i’m truly sorry if it bothers you that it happened under trumps watch. but if you can’t celebrate good economic news unless you happen to like the current potus, that’s your problem. this is good news.
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[spence]

Originally Posted by Nebe

What is the inflation rate? If you account for inflation and subtract that from the average wage increase you will find that you might be quite humbled Jim.
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As usual, Nebe is right. Adjusted for inflation wage growth the last 40 years has been pretty flat. At the same time wealth inequality has continued to deepen and the new tax laws are just going to make things worse for the bottom half.
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[Nebe]

Originally Posted by spence

As usual, Nebe is right. Adjusted for inflation wage growth the last 40 years has been pretty flat. At the same time wealth inequality has continued to deepen and the new tax laws are just going to make things worse for the bottom half.
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The rich keep on getting richer and the poor keep in getting poorer. However, the GOP is doing an excellent job with the distraction game by making the poor think that the greatest threat to them is those less fortunate than themselves or people who hold different beliefs.
What you won’t hear is the GOP saying that the rich continue to pull the rug out from under the people in this country that are just getting by. The stupid wall could be abandoned and that money could be used to feed the homeless or fund public education.
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[Jim in CT]

Originally Posted by Nebe

The rich keep on getting richer and the poor keep in getting poorer. However, the GOP is doing an excellent job with the distraction game by making the poor think that the greatest threat to them is those less fortunate than themselves or people who hold different beliefs.
What you won’t hear is the GOP saying that the rich continue to pull the rug out from under the people in this country that are just getting by. The stupid wall could be abandoned and that money could be used to feed the homeless or fund public education.
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"The rich keep on getting richer"

How would you stop that? Would you pass a law saying that people can't add to their net worth after some point?

The wealthy have more disposable income to invest. So when the economy grows, they benefit more. That's just the math. How would you stop that?

"he GOP is doing an excellent job with the distraction game by making the poor think that the greatest threat to them is those less fortunate than themselves or people who hold different beliefs. "

Who in God's name is saying that?

[Nebe]

Originally Posted by Jim in CT

"The rich keep on getting richer"

How would you stop that? Would you pass a law saying that people can't add to their net worth after some point?

The wealthy have more disposable income to invest. So when the economy grows, they benefit more. That's just the math. How would you stop that?

"he GOP is doing an excellent job with the distraction game by making the poor think that the greatest threat to them is those less fortunate than themselves or people who hold different beliefs. "

Who in God's name is saying that?

Think hard Jim. You can do it. Bad hombres.

I’d heavily tax incomes over 1 million $ per year and impose a CEO pay rate cap. This would force reinvestment and higher payrolls.
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[Got Stripers]

Originally Posted by Nebe

Think hard Jim. You can do it. Bad hombres.

I’d heavily tax incomes over 1 million $ per year and impose a CEO pay rate cap. This would force reinvestment and higher payrolls.
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OMG tax the rich more, not under Trumps watch.

[Jim in CT]

Originally Posted by Nebe

Think hard Jim. You can do it. Bad hombres.

I’d heavily tax incomes over 1 million $ per year and impose a CEO pay rate cap. This would force reinvestment and higher payrolls.
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Fine. But unless you tax them at 100% or more, they will still get richer. You don't understand arithmetic. I have an IRA, Bill Gates hs a zillion dollars in the market. If the market goes up 10%, he and I each gain 10%, but his is way larger than mine. Tax him more, he still increased the gap between him and me.


4th grade arithmetic Nebe.

I'm in favor of making capital gains and dividends taxes more progressive than they are. It won't stop the rich from getting richer. You cant stop that, and no earthly reason why you'd want to.

[Nebe]

Originally Posted by Jim in CT

Fine. But unless you tax them at 100% or more, they will still get richer. You don't understand arithmetic. I have an IRA, Bill Gates hs a zillion dollars in the market. If the market goes up 10%, he and I each gain 10%, but his is way larger than mine. Tax him more, he still increased the gap between him and me.


4th grade arithmetic Nebe.

I'm in favor of making capital gains and dividends taxes more progressive than they are. It won't stop the rich from getting richer. You cant stop that, and no earthly reason why you'd want to.

Read my post again.
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[spence]

Originally Posted by Jim in CT

Fine. But unless you tax them at 100% or more, they will still get richer. You don't understand arithmetic. I have an IRA, Bill Gates hs a zillion dollars in the market. If the market goes up 10%, he and I each gain 10%, but his is way larger than mine. Tax him more, he still increased the gap between him and me.


4th grade arithmetic Nebe.

I'm in favor of making capital gains and dividends taxes more progressive than they are. It won't stop the rich from getting richer. You cant stop that, and no earthly reason why you'd want to.

So if taxing the rich more will not prevent them from accumulating more wealth what’s the problem with generating more tax revenue to invest in things like infrastructure and education that benefit all Americans and make our country stronger?
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