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Re: Wealth Distribution

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Message 31 of 87

@Richva wrote:

The question before you is whether the children of people without money should be allowed to compete on a level playing field with the children of people who are already rich. 

 

Based on a comparison of United States economic mobility with countries such as, say, Canada, they are not. 


An admitted over-generalization but so is yours - Granted a kid whose parents were able to insure his hard work in school leading to access to better schools later on leading to a better job later on will be in a better position in life than one whose parent did not push him and who lived in a community where excelling in school might earn regular beatings.

 

Your solution??

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Re: Wealth Distribution

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Message 32 of 87

@rk9152 wrote:

@Olderscout66 wrote:

Here's a few charts that should illuminate the problem: First shows that ALL the gains in income from the Reaganscam went to increase the income of the top 10% (the managerial class who would be expected to decide how profits were divided and raises given). If they didn't change their method based on their newly awarded ability to keep most ofwhat they gave themselves, what prompted this total reversal of 40 years of "sharing the wealth" that had producedthe greatest expansion ofthe American economy and size and prosperity of the middle Class in history?

 

 

igure 2
 
Income Gains at the Top Dwarf Those of Low- and Middle-Income Households

 

 

Figure 1
 
Income Gains Widely Shared in Early Postwar Decades - But Not Since Then

Of course - taxpayers get tax cuts, why does that surprise you. And, as always, it makes no sense for an employer to pay his workers less because he got a tax cut.


Wakie wakie rk - The employers did not pay them LESS, that is, they did not CUT worker pay, they RAISED THEIR PAY BY MUCH LESS drastically reducing labor's share of the profits. Had labor's share of profits that held from 1948 until 1980 continued, today's AVERAGE worker would be getting $86,000, not $58,000 and the CEOs would be getting $1.3Million not $15.8Million

 

The change in how profits are distributed HAPPENED. It happened because before Reagan the ones dividing the profit could not keep the increases they gave themselves because they were at or near the TMR of 91% or 70%. Reagan cut the TMR to 28% but INCREASED taxes on the average worker by 44% (9.3% to 13.4% on average AGI) by slashing deductions and increasing the bottom rates.

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Re: Wealth Distribution

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Message 33 of 87

KidBoy2:  He stood up to Russia "tear down that wall" .

 

 

Here's an obvious question: How on earth does a person simultaneously support one president who recognized the threat from Russia (and rightly so) and acted on it, and another president that practically rolls over and piddles for Putin and refuses to even try to protect an upcoming election? Seems like classic cognitive dissonance to me.

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Re: Wealth Distribution

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Message 34 of 87

 

@KidBoy2  said: "FYI... The poor pay ZERO Federal income tax!!!"

 

If they make less than the standard deduction. But they still pay payroll taxes.

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Re: Wealth Distribution

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Message 35 of 87

@KidBoy2 wrote:
Older posted..

Here's a few charts that should illuminate the problem: First shows that ALL the gains in income from the Reaganscam went to increase the income of the top 10% (the managerial class who would be expected to decide how profits were divided and raises given). If they didn't change their method based on their newly awarded ability to keep most ofwhat they gave themselves, what prompted this total reversal of 40 years of "sharing the wealth" that had producedthe greatest expansion ofthe American economy and size and prosperity of the middle Class in history?


==========================================================

Ronald Reagan took office after Jimmy Carter. We got our country back on the track to prosperity with his leadership. His tax cut were needed and boy did they work! Tax cuts work.

He stood up to Russia "tear down that wall" .

He fired the Air Traffic Controllers for their illegal strike.

Gee, I am glad that when our country needed a great leader we got Ronald Reagan!


I'm glad people are willing to mention Reagan & Trump in the same sentence & with the same sycophantic admiration 

 

Americans in the Middle Class have been paying for Reagans Lies their whole lives 

 

Here is the Promise Reagan Made & Said Was Kept

 

This bill demonstrates for all time our nation’s ironclad commitment to social security. It assures the elderly that America will always keep the promises made in troubled times a half a century ago. It assures those who are still working that they, too, have a pact with the future. From this day forward, they have our pledge that they will get their fair share of benefits when they retire…

 

Today, all of us can look each other square in the eye and say, “We kept our promises.” We promised that we would protect the financial integrity of social security. We have. We promised that we would protect beneficiaries against any loss in current benefits. We have. And we promised to attend to the needs of those still working, not only those Americans nearing retirement but young people just entering the labor force. And we’ve done that, too…

 

So yeah @KidBoy2 - The Reagan Tax Cuts worked for the top 20% & they were going to pay the rest of us back after they did 

 

THEY NEVER PAID US BACK

 

Trumps Tax Cuts too are working & again for the top 20% and this time they didn't even need them - but now like then -  it's the Middle Class & Social Security recipients present & future who will pay the bill

 

So please excuse me while I Vomit

 

 

 

( " China if You're Listening - Get Trumps Tax Returns " )

" )
" - Anonymous

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Re: Wealth Distribution

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Message 36 of 87
Older posted..

Here's a few charts that should illuminate the problem: First shows that ALL the gains in income from the Reaganscam went to increase the income of the top 10% (the managerial class who would be expected to decide how profits were divided and raises given). If they didn't change their method based on their newly awarded ability to keep most ofwhat they gave themselves, what prompted this total reversal of 40 years of "sharing the wealth" that had producedthe greatest expansion ofthe American economy and size and prosperity of the middle Class in history?


==========================================================

Ronald Reagan took office after Jimmy Carter. We got our country back on the track to prosperity with his leadership. His tax cut were needed and boy did they work! Tax cuts work.

He stood up to Russia "tear down that wall" .

He fired the Air Traffic Controllers for their illegal strike.

Gee, I am glad that when our country needed a great leader we got Ronald Reagan!

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Re: Wealth Distribution

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Message 37 of 87

   Yessiree, people are moving on up.    

 

    

Per capita market income in Appalachian Kentucky equaled 48.3 percent of the national level in 2015, but that fell to 46.8 in 2016, according to the ARC report.

Nationally, the income figure went up in 2016 to $40,679, but in Kentucky’s Appalachian counties, it edged down from $19,204 in 2015 to $19,022 in 2016.

That was the lowest level of any area in Appalachia, which the federal government defines as covering all of West Virginia, about half of Kentucky and parts of 11 other states.

Per capita market income is a measure of an area’s total personal income not counting transfer payments such as public assistance, according to the ARC report.

Coal jobs in Eastern Kentucky have plummeted from 14,619 in 2011 to 3,909 in the second quarter of this year, according to the Kentucky Energy and Environment Cabinet.

Studies have cited competition from cheap natural gas for electricity generation as the biggest factor in coal’s decline, though other factors have played a role, including efforts to beef up environmental rules in the Obama administration and the rise of renewable energy such as wind power.

There has been no significant increase in coal jobs in Kentucky under President Donald Trump.

 

 The lowest level of poverty (see definition above) is the bottom 10%.   And yes sir, Kentucky is movin on up.   It climbed out of poverty row...only 81 counties are in the bottom...in 2018 is was 84...way to go KY.

 

I's sure that with that huge gain in purchasing power, KY is just a bunch of happy campers...NOT.

PRO-LIFE is Affordable Healthcare for ALL .
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Re: Wealth Distribution

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Message 38 of 87
Just for openers, anybody who thinks employers don't want to keep employees happy is an idiot.

=============================================================

Your opener is not so...good employees are hard to find and good employees are cherished by their employers.
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Re: Wealth Distribution

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Message 39 of 87

The question before you is whether the children of people without money should be allowed to compete on a level playing field with the children of people who are already rich. 

 

Based on a comparison of United States economic mobility with countries such as, say, Canada, they are not. 

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Re: Wealth Distribution

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Message 40 of 87

@GraysonL320504 wrote:

@afisher wrote:

   I will be the bubble burster of the moment:

 


 

No, no, I will be the bubble burster of the moment. 

 

Just for openers, anybody who thinks employers don't want to keep employees happy is an idiot. 

 

According to an NPR article, there's a lot more to the lack of wage growth than meets the eye.   Wages, like everything else, is based on supply and demand.  Since we are nearing full employment and wages have not increased significantly, economists began to wonder why today's high demand for workers hasn't translated into bigger increases in pay.  Researcher at the Fed and elsewhere concluded that it's due to a number of reasons that are actually good news.

1.  Many baby boomers are retiring creating openings for younger workers.  But because they are less experienced they get paid less initially.

2.  Employers are spending more on benefits and rewards outside of pay, e.g. healthcare costs are much more.  (Thank you, Obama.)  

3.  In 2012 the top reason people changed jobs was more pay.  Today it is "culture and purpose."  As one researcher said, "What we're seeing is that employees say, 'What I get out of working is not just a paycheck anymore." Consequently, employers are adding benefits like on-site health care, or adding more vacation, more paid time off, and increased retirement benefits to attract and retain employees.

4.  This has led to overall employee compensation growing faster than wages.

5.  One researcher concluded, "There's a changing balance of what drives an employee to move to a new organization, and sometimes it's not always pay."


And anyone who believes that ALL employers want to keep their employees happy is an idiot.

 

According to a report from the Economic Policy Institute, the average CEO pay is 271 times the nearly $58,000 annual average pay of the typical American worker. ... Compare that to 1978, when CEO earnings were roughly 30 times the typical worker's salary. -Jan 22, 2018

 

As for health care costs, the Kaiser study shows that average family premiums rose 20% from 2011 to 2016. That rate of increase is actually much lower than the previous five years (up 31% from 2006 to 2011) and the five years before that (up 63% from 2001 to 2006).

 

So, yes, thank you, Obama, for slowing the rising cost of health care.

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