But there's no income inequality

[Jim in CT]

who said there’s no income inequality? who??

the wealthy will always benefit more, when the economy grows.

all your stats, left out taxes paid by these people, how
much they give to charity, and how
many jobs they create.

they are not the cause of others’ poverty.


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[Pete F.]

Originally Posted by Jim in CT

who said there’s no income inequality? who??

the wealthy will always benefit more, when the economy grows.

all your stats, left out taxes paid by these people, how
much they give to charity, and how
many jobs they create.

they are not the cause of others’ poverty.


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Possibly you could ask Abraham Lincoln or Tucker Carlson about the difference between labor and capital.

Can you have one without the other and does balancing the two have any value.
Lincoln said “ Labor is prior to, and independent of, capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration.”
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[Jim in CT]

Originally Posted by Pete F.

Possibly you could ask Abraham Lincoln or Tucker Carlson about the difference between labor and capital.

Can you have one without the other and does balancing the two have any value.
Lincoln said “ Labor is prior to, and independent of, capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration.”
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i don’t have an issue with tweaking capital gains and dividend tax rates.

my point was, and i’m correct, that no one would
be better off if the
billionaires all burned their money.
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[Nebe]

Originally Posted by Jim in CT

i don’t have an issue with tweaking capital gains and dividend tax rates.

my point was, and i’m correct, that no one would
be better off if the
billionaires all burned their money.
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It’s called trickle up economics. It’s what made the middle class a powerhouse in the 50s
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[Jim in CT]

Originally Posted by Nebe

It’s called trickle up economics. It’s what made the middle class a powerhouse in the 50s
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come on. what made the
middle
class was the fact that american manufacturing was king. that made the middle class. we
manufactured everything.
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[Nebe]

Originally Posted by Jim in CT

come on. what made the
middle
class was the fact that american manufacturing was king. that made the middle class. we
manufactured everything.
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What did ceos and owners earn in proportion to their employees then vs now. What changed in tax laws to make this extreme difference now?

Think hard. You can do it.
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[Jim in CT]

Originally Posted by Nebe

What did ceos and owners earn in proportion to their employees then vs now. What changed in tax laws to make this extreme difference now?

Think hard. You can do it.
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it’s not ceos that destroyed the middle class. i did the math for walmart, if their ceo worked for free and gave his pay to the US workers, it worked out to like $35 a year. big whoop. ceo pay is disgusting, but it’s not a big line item on the balance sheet for a large company.

that’s what ‘thinking’ looks like. put down your copy of Chairman Maos Little Red Book and try it. stop crying about what someone else has. they aren’t taking anything away from you.
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[spence]

Originally Posted by Jim in CT

come on. what made the
middle
class was the fact that american manufacturing was king. that made the middle class. we
manufactured everything.
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That’s because there was a higher value for labor then there is today. Guess what, the world evolved and we have to adapt.

You keep clamoring that creating wealth doesn’t take from the poor but that’s not really true. As the old adage goes, it takes money to make money. All the security and infrastructure that the taxpayer funds via government benefits the wealthy much more than the rest even considering their contributions. That’s a big reason why wealth inequality has continued to shift dramatically for the last 50 years and why the often brilliant Nebe noted wages for most working people are flat since the 1970s.
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[Jim in CT]

Originally Posted by spence

That’s because there was a higher value for labor then there is today. Guess what, the world evolved and we have to adapt.

You keep clamoring that creating wealth doesn’t take from the poor but that’s not really true. As the old adage goes, it takes money to make money. All the security and infrastructure that the taxpayer funds via government benefits the wealthy much more than the rest even considering their contributions. That’s a big reason why wealth inequality has continued to shift dramatically for the last 50 years and why the often brilliant Nebe noted wages for most working people are flat since the 1970s.
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you provided zero evidence thatbthe wealthy, writ large, arevtaking from the poor. everyone has the same access to roads and infrastructure.

yes it takes
money to make
money. but the wealthy don’t generally steal their seed
money, they inherit it. big difference.
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[Jim in CT]

Originally Posted by spence

That’s because there was a higher value for labor then there is today. Guess what, the world evolved and we have to adapt.

You keep clamoring that creating wealth doesn’t take from the poor but that’s not really true. As the old adage goes, it takes money to make money. All the security and infrastructure that the taxpayer funds via government benefits the wealthy much more than the rest even considering their contributions. That’s a big reason why wealth inequality has continued to shift dramatically for the last 50 years and why the often brilliant Nebe noted wages for most working people are flat since the 1970s.
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you’re saying security and infrastructure caused the pullback
ifnthe middle class?

wow..
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[scottw]

Originally Posted by spence

the often brilliant Nebe noted wages for most working people are flat since the 1970s.

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yet the modern average family struggling to make ends meet still has big screen tvs, cable/statellite, several cell phones, multiple gas guzzling cars, kids in expensive club sports, eat out more that any 70's family, have you seen what the average American family spends on Christmas?....in the 70's NOBODY in my neighborhood owned a new car or went on vacation very often and it was a pretty average neighborhood...you wanna go back to the 70's...Eben just likes the clothes

[Pete F.]

Originally Posted by Jim in CT

come on. what made the
middle
class was the fact that american manufacturing was king. that made the middle class. we
manufactured everything.
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Several things that made the middle class are different today.
People were trained and promoted from within.
Before we were married my wife rented an apartment in someone’s Vermont home that was the Head of one of the big brokerage houses on the NYSE
He started in the mailroom and worked his way up.
My father started in aerospace out of HS and worked his way up.
These guys knew what the people below them do and they were not just occupants of a cubicle.
Corporations acted as important members of communities and felt responsible to them and their employees and also their shareholders.
With the prevalence of the MBA
Shareholders have become #1 and employees and communities are just a somewhat necessary evil.
There were also strong unions that stood up for their members and increased wages and benefits which then raised opportunities across the board.
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[Jim in CT]

Originally Posted by Pete F.

Several things that made the middle class are different today.
People were trained and promoted from within.
Before we were married my wife rented an apartment in someone’s Vermont home that was the Head of one of the big brokerage houses on the NYSE
He started in the mailroom and worked his way up.
My father started in aerospace out of HS and worked his way up.
These guys knew what the people below them do and they were not just occupants of a cubicle.
Corporations acted as important members of communities and felt responsible to them and their employees and also their shareholders.
With the prevalence of the MBA
Shareholders have become #1 and employees and communities are just a somewhat necessary evil.
There were also strong unions that stood up for their members and increased wages and benefits which then raised opportunities across the board.
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“communities are a necessary evil”.

gimme a break. you spout off all these vague generalizations which can’t be proven nor disproven. i worked at aetna, travelers, and the hartford, all
werenterrific
corporate citizens.

you are correct when you say companies are leaner and
more efficient. the downside is reductions in employee perks. what you
conveniently
left out, is that the upside
is lower prices. do you never ship
for the best price? how do you suppose “best price” happens?
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[Sea Dangles]

Originally Posted by Pete F.

Several things that made the middle class are different today.
People were trained and promoted from within.
Before we were married my wife rented an apartment in someone’s Vermont home that was the Head of one of the big brokerage houses on the NYSE
He started in the mailroom and worked his way up.
My father started in aerospace out of HS and worked his way up.
These guys knew what the people below them do and they were not just occupants of a cubicle.
Corporations acted as important members of communities and felt responsible to them and their employees and also their shareholders.
With the prevalence of the MBA
Shareholders have become #1 and employees and communities are just a somewhat necessary evil.
There were also strong unions that stood up for their members and increased wages and benefits which then raised opportunities across the board.
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Opportunity is still there. My friend is CEO of a fortune 100 company. His CFO is a man who came from India as child with $300 in his pocket. Smart guy,hard worker. Just another success story in the USA.
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[Pete F.]

Originally Posted by Jim in CT

i don’t have an issue with tweaking capital gains and dividend tax rates.

my point was, and i’m correct, that no one would
be better off if the
billionaires all burned their money.
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You’re the only one I’ve ever heard suggest that as a solution for anything.
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[Jim in CT]

Originally Posted by Pete F.

You’re the only one I’ve ever heard suggest that as a solution for anything.
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then what’s the problem with income inequality? why are rich people
part of the conversation, when talking anout ending poverty? they didn’t cause poverty, and they aren’t the cure.
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