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Wealth inequality in America - Printable Version +- Cincinnati Bengals Message Board / Forums - Home of Jungle Noise (http://thebengalsboard.com) +-- Forum: Off Topic Forums (http://thebengalsboard.com/Forum-Off-Topic-Forums) +--- Forum: Politics & Religion 2.0 (http://thebengalsboard.com/Forum-Politics-Religion-2-0) +---- Forum: P & R Archive (http://thebengalsboard.com/Forum-P-R-Archive) +---- Thread: Wealth inequality in America (/Thread-Wealth-inequality-in-America) Pages:
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RE: Wealth inequality in America - Belsnickel - 07-26-2017 (07-26-2017, 08:29 PM)TheLeonardLeap Wrote: Old enough that it's irrelevant. War in the ME means there is a need for more revenue. Tax cuts are good for the recession, but now that the economy has stabilized they need to go back up. This is far from irrelevant, this shows that economic growth is sustainable with higher corporate tax rates and income tax rates. For example, let's look at the corporate rate here: ![]() There was a significant amount of economic growth in this country when both the personal and corporate tax rates were higher than they are today. RE: Wealth inequality in America - oncemoreuntothejimbreech - 07-27-2017 (07-26-2017, 04:39 PM)StLucieBengal Wrote: We are headed towards a mincome. This will also allow the push for automation. That will really hurt manufacturing jobs and the middle class workers who rely on those jobs to support their families. Let's hope the corporate world never figures out how to reduce costs by shipping jobs overseas or import labor with work visas. Oh, wait; corporate has already done all that. Allow the push for automation. LOL RE: Wealth inequality in America - Benton - 07-27-2017 (07-26-2017, 06:36 PM)TheLeonardLeap Wrote: What'd be the point of working hard or innovating, and making over $1m then? You'd be working for free 3/4ths of the time. More once you figure in state taxes, and the costs of actually going to work (car, insurance, gas, etc.) Two things. One, would you want 25% of $1 million + $40 million? Or would you stop at $1 million and say "nay, I don't want $10 million" ? Two, even when the country had outrageously high taxes on capital gains and the 1%, they didn't pay it. Just like now, there were tax breaks. That was the intent in a lot of the tax breaks that exist today. You might be taxed at 75% over $1 million (or whatever percentage and dollar amount), but you got a break for reinvesting that money. Now, the country gives people the tax breaks, but the tax rates are much much lower. I'm ok with low rates, provided there's no breaks. Or conversely, make the rates high and give breaks to encourage growing the economy. Either way it should leave plenty of money in people's pockets and grow the economy. Right now, though, we've got low rates and lots of breaks... which is why we have such little growth regardless of what party is in power. RE: Wealth inequality in America - Dill - 07-27-2017 (07-26-2017, 04:34 PM)Yojimbo Wrote: There's a difference between what should/could be done and what will be done. Since our federal and most of our state governments are bought and paid for by the people/corporations that are causing the inequality problem, the "will be done" is more tax cuts for corporations and capital gains incomers. Commynism dont werk. Luk at Rusha and Obama. Rich cant hire us unles they hav muny. So quit always taxing them. Stp givin muny to welfair who don werk. If we ban aborton god wil reward us and Trump will bring back coal jobs mexiko stol. RE: Wealth inequality in America - Dill - 07-27-2017 (07-26-2017, 08:32 PM)Belsnickel Wrote: War in the ME means there is a need for more revenue. Tax cuts are good for the recession, but now that the economy has stabilized they need to go back up. This is far from irrelevant, this shows that economic growth is sustainable with higher corporate tax rates and income tax rates. For example, let's look at the corporate rate here: Yow! well said. If I were in the 1% I would rush up a chart showing how our tax dollars educate illegal immigrants in public schools or something. RE: Wealth inequality in America - xxlt - 07-27-2017 (07-26-2017, 03:56 PM)Belsnickel Wrote: Without doing any research, how do you think wealth is distributed in the U.S.? Divide the population into quintiles and assign a percentage of total wealth to each. How much total wealth is held by the bottom 20%, second 20%, third 20%, fourth 20%, and top 20%)? I was exactly right. And I've been told by a certain cross section of this very board since its inception and by others from the mother ship for years before that that I'm an idiot, don't understand economics, etc. Well, I understand reality better than 92% of Americans per the video. No wonder so many of them call me an idiot for speaking the truth. |