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Valued Social Butterfly
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Re: U.S. Billionaires worry about the future of Capitalism

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Message 41 of 53

@Olderscout66 wrote:

Charitable giving cannot provide public schools, police and fire protection, courts or a transportation system. Charity will not print or guarentee the value of money, enforce commercial laws and contracts or incarcerate the guilty. "Charity" hospitals can only operate with Federal funding. There are no successful crowd-source funded armies, navies or air forces, nor will the alms box provide the weapons and logistical support for such forces.

All true - we have taxes to pay for that stuff. However, you have heard of charities have you not?

 

Republicans always neglect to mention that the above items account for +95% of Federal spending and there is virtually NOTHING that is simply given to the poor - Welfare goes to the provider of the service needed by the poor, not to the poor. The Earned Income Tax Credit is a subsidity to EMPLOYERS who do not pay their workers enough to live on and those workers could not stay on the job without that subsidity. 

So, they pay for the services received by the poor rather than just sending them a check - sounds wise.

 

Repeal the Reagan taxscam! It's only lasting effect has been the redistribution of trillions of dollars from the Middle Class to the top 10%, most going to the top 1%. Before 1980, NO managers quit because their taxes were to burdensome, and every year the rich got richer, BUT THE POOR GOT RICHER FASTER so the gap between rich and poor SHRANK.

A tax cut cuts taxes of those who pay taxes, and yes, those who pay more get  more cut - that makes sense - no?

 

GOPers insist tax laws do not effect distribution of profits, but IF that were true, why have ALL the income gains since 1980 gone to the top 10% with the "middle" 80% purchasing power stagnating and the bottom 10% losing ground?

Do you want to talk about income or tax on income - they are separate.

 

Restore the system that made America great by making all Americans richer, and giving us all an ever-improving infrastructure with the World's Best k-12 education, transportation system, technology, and living standards.

Restore what system - the one set up to pay the cost of WWII? How do you see increasing taxes as improving living standards?

 

 


 

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Re: U.S. Billionaires worry about the future of Capitalism

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Message 42 of 53

@williamb39198 wrote:

@rk9152 

Once again, wealth redistribution already took place via the “welfare program” repub tax cuts for the wealthy.

A real repub “socialist” program...government redistribution. 

Again - those who don't pay tax do not get a tax cut. Those who do pay taxes (aka "the wealthy") do benefit from tax cuts.

 

would be interesting to see the percentage of charitable giving by the wealthy. Charitable giving does not have the same impact as government programs for those who need help. 

True - the point however was the cheapness of those so anxious to spend other people's money.


 

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Re: U.S. Billionaires worry about the future of Capitalism

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Message 43 of 53

Charitable giving cannot provide public schools, police and fire protection, courts or a transportation system. Charity will not print or guarentee the value of money, enforce commercial laws and contracts or incarcerate the guilty. "Charity" hospitals can only operate with Federal funding. There are no successful crowd-source funded armies, navies or air forces, nor will the alms box provide the weapons and logistical support for such forces.

 

Republicans always neglect to mention that the above items account for +95% of Federal spending and there is virtually NOTHING that is simply given to the poor - Welfare goes to the provider of the service needed by the poor, not to the poor. The Earned Income Tax Credit is a subsidity to EMPLOYERS who do not pay their workers enough to live on and those workers could not stay on the job without that subsidity.

 

Repeal the Reagan taxscam! It's only lasting effect has been the redistribution of trillions of dollars from the Middle Class to the top 10%, most going to the top 1%. Before 1980, NO managers quit because their taxes were to burdensome, and every year the rich got richer, BUT THE POOR GOT RICHER FASTER so the gap between rich and poor SHRANK.

 

GOPers insist tax laws do not effect distribution of profits, but IF that were true, why have ALL the income gains since 1980 gone to the top 10% with the "middle" 80% purchasing power stagnating and the bottom 10% losing ground?

 

Restore the system that made America great by making all Americans richer, and giving us all an ever-improving infrastructure with the World's Best k-12 education, transportation system, technology, and living standards.

 

 

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Re: U.S. Billionaires worry about the future of Capitalism

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Message 44 of 53

@rk9152 

Once again, wealth redistribution already took place via the “welfare program” repub tax cuts for the wealthy.

A real repub “socialist” program...government redistribution. 

 

would be interesting to see the percentage of charitable giving by the wealthy. Charitable giving does not have the same impact as government programs for those who need help. 

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Re: U.S. Billionaires worry about the future of Capitalism

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Message 45 of 53

 

The folks who currently control all the money have some nice, if fact-less, claims about the current situation.  Most of those claims were aptly summarized by Marie Antoinette. "If they have no bread, let them eat cake".

 

While I doubt we will see heads being chopped off by starving mobs, I do think the current generations are looking more to the actual impact of American style Capitalism and no longer at the slogans. If American style capitalism provides equal opportunity for economic advancement, how is it that only the children of the wealthy are advancing?  How is it that the wealthy control 90% of the wealth in America but not other Capitalist countries? 

 

 

He wasn’t the only one who felt a sense of alarm. One of the most popular classes at Harvard Business School, home to the next generation of Fortune 500 executives, was a class on “reimagining capitalism.” Seven years ago, the elective started with 28 students. Now there were nearly 300 taking it. During that period the students had grown increasingly cynical about corporations and the government, said Rebecca Henderson, the Harvard economist who teaches the course.

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Re: U.S. Billionaires worry about the future of Capitalism

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Message 46 of 53

@Richva wrote:

@rk9152 wrote:

All the class-envy posts overlook the fact that when considering charitable giving, the right does more than the left. It seems like the right takes personal action where the left wants to redistribute other peoples' money.


America has an economic system which delivers and protects the top 10% with 90% of America's wealth and much of it is delivered through inheritance. This is why the wealthy are so upset when Sanders, Obama, or the Clintons become wealthy.  They believe economic mobility is just not done.  if the system were not rigged against the 90%, how could this situation come about? It is time to stop the system of inherited aristocracy in America. 

 

What makes you think anyone gets upset when Obama makes a buck?

 

And what has that to do with the tight-fisted lefties I referred to?


 

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Re: U.S. Billionaires worry about the future of Capitalism

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Message 47 of 53

@ManicProgressive wrote:

@rk9152 wrote:

All the class-envy posts overlook the fact that when considering charitable giving, the right does more than the left. It seems like the right takes personal action where the left wants to redistribute other peoples' money.


No. Liberals want to actually solve problems. And higher taxes and support for social services, education, etc. does that more effectively than charity ever has.

 

“Those in favor of lower taxes have argued that individuals are more capable than the government of allocating money to important causes, including people in need of assistance. But the study found that was not true. Donations do not match government assistance, and without tax money, social services are not funded as robustly. 

 

“The evidence shows that private philanthropy can’t compensate for the loss of government provision,” Dr. Nesbit said. “It’s not equal. What government can put into these things is so much more than what we see through private philanthropy.”

 

 

https://www.nytimes.com/2018/11/03/your-money/republicans-democrats-charity-philanthropy.html

 


Yes, the liberals want the government to solve the problem using other people's money. Conservatives personally make the effort using their own money.

 

Your source is only saying that philanthropy can't replace government programs. My point has to do with the individual willingness (or lack thereof) to put their own money into charities.

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Re: U.S. Billionaires worry about the future of Capitalism

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Message 48 of 53

@rk9152 wrote:

All the class-envy posts overlook the fact that when considering charitable giving, the right does more than the left. It seems like the right takes personal action where the left wants to redistribute other peoples' money.


America has an economic system which delivers and protects the top 10% with 90% of America's wealth and much of it is delivered through inheritance. This is why the wealthy are so upset when Sanders, Obama, or the Clintons become wealthy.  They believe economic mobility is just not done.  if the system were not rigged against the 90%, how could this situation come about? It is time to stop the system of inherited aristocracy in America. 

 

 

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Re: U.S. Billionaires worry about the future of Capitalism

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Message 49 of 53

@rk9152 wrote:

All the class-envy posts overlook the fact that when considering charitable giving, the right does more than the left. It seems like the right takes personal action where the left wants to redistribute other peoples' money.


No. Liberals want to actually solve problems. And higher taxes and support for social services, education, etc. does that more effectively than charity ever has.

 

“Those in favor of lower taxes have argued that individuals are more capable than the government of allocating money to important causes, including people in need of assistance. But the study found that was not true. Donations do not match government assistance, and without tax money, social services are not funded as robustly. 

 

“The evidence shows that private philanthropy can’t compensate for the loss of government provision,” Dr. Nesbit said. “It’s not equal. What government can put into these things is so much more than what we see through private philanthropy.”

 

 

https://www.nytimes.com/2018/11/03/your-money/republicans-democrats-charity-philanthropy.html

 

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Re: U.S. Billionaires worry about the future of Capitalism

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Message 50 of 53

All the class-envy posts overlook the fact that when considering charitable giving, the right does more than the left. It seems like the right takes personal action where the left wants to redistribute other peoples' money.

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