Reply
Highlighted
Valued Social Butterfly
0
Kudos
139
Views

Re: Wealth Distribution

139 Views
Message 41 of 87

@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.

Report Inappropriate Content
0
Kudos
139
Views
Highlighted
Valued Social Butterfly
0
Kudos
131
Views

Re: Wealth Distribution

131 Views
Message 42 of 87

@mickstuder wrote:

@rk9152 wrote:

@mickstuder wrote:

@Soosie wrote:

Wealth Distribution.jpg

 


Trump is President now - What is his Plan?

 

More jobs, less unemployment seems like a good start.


 


It's a 4 year term - riding on Obama's coat tails for the first 2 years is Not Governing - 

 

Trump is President now - What is his Plan?

 

Still under Russian Election Attack - No Plan

 

Infrastructure Crumbling - No Plan

 

Opioid Epidemic - No Plan

 

Pharmaceutical Costs Rising Astronomical - No Plan

 

Healthcare Insurance - National Disaster - No Plan

 

Trade is a National Disaster - No Plan 

 

Where are the Plans for a Better Life for all Americans - there is none - not fit to be President.

 

Check the topic. 

 


 

Report Inappropriate Content
0
Kudos
131
Views
Highlighted
Valued Social Butterfly
0
Kudos
125
Views

Re: Wealth Distribution

125 Views
Message 43 of 87

@Olderscout66 wrote:

@rk9152 wrote:

@Olderscout66 wrote:


The glue that held that "recognition of their obligation to employees etc" together was the pre-Reagan tax structure.

 

Until 1981, if the managers of a Corporation who decide how profits are to be divided chose to keep more for themselves, Federal income tax would take 70 cents of every additional dollar and state and local taxes would remove another nickle's worth, leaving the dividers with 25 cents. But if they gave the money to their workers, the worker would spend it, demand would increase, the economy would grow to meet the higher demand, and the value of the boss's interest in the Comapny would grow by much more than that 25 cents they'd get by keeping the dollar themselves.

 

After 1985, those same managers could keep 68 cents of every dollar they gave themselves, so GUESS WHAT THEY DID?

 

Obviously they KEPT THE PROFITS FOR THEMSELVES:

From 1948 until 1985, worker productivity increased by 96.7% and their wages increased by 91.5% - they received 95 cents of every additional dollar they made for the Company. From 1985 until 2015, productivity increased 241% but wages increased only 112% - the workers only received 46 cents of every additional dollar they produced for the Company.

 

Republicans justify this rape of the working class by saying it's due to automation and globalization, not the greedy busters in the corner office. But from 1948 to 1985, companies were moving factories SOUTH to escape Unions so Dixiefacation had the same effect as Globalization, and face it GOPers, automation has been around since the Jochard Loom and Whitney figured out standardized parts, so that dog don't hunt either.

 

It IS the greedy busters in the corner offices, and they can be "reformed" in a heartbeat by repealing the Reagan taxscams.

 

All it takes to make this happen is removal of the Republican Majorities in Congress

VOTE OUT THE NRAGOP IN NOVEMBER  - give your kids a FUTURE!


A coupla thoughts - first, the assembly line workplace is gone and not coming back; Not so much a thought as another LIE. In 2008 there were 13.725M jobs in manufacturing, jrbush and Republicvan economic policy dropped that to 11.460M in 2011, but today we're back to 12.751(93% of the 2008 high), and the number has been steadily increasing for the last 7 years.

No, not a lie, just the real world. The assembly line is gone and it's jobs with it. Today's manufacturing is a whole different thing.

 

second, it still makes no sense that the filthy rich keep more for themselves instead of giving it to their employees because their taxes were cut; Second lie. It's not the "filthy rich" - its the ones who decide how profits are divided - which would be most of management - do try and keep up.

So, it's not the 1%ers you are complaining about.

Before the Reagan scam IF the managers gave the money to themselves, they could only keep 25 cents of each dollar, but giving it to their workers would boost the economy and increase their own stock options by more than they'd make from giving themselves a raise so they gave it to the workers. But AFTER the Reaganscam they could keep 75 cents, which was more than they could expect from the economic growth, so they gave the profits to themselves. What other explanation for the stagnation of worker's wages and astronomical increases in management wages 1985 to 2017 can you concoct?

If giving more to the employee while paying higher tax made sense, surely it would make as much sense with lower taxes.

 

By the way, if that money in your pocket is YOURS, does that mean YOU guarentee it's value to anyone who wants to accept it in exchange for goods and services? If not, then what does it mean for the money to be YOURS?  Or do you somehow not understand that whatever amount you receive in exchange for your efforts is subject to taxation and you only get to keep what's "net after taxes"? These are really simple principles - pre-Econ 101 - and it's amazing you cannot grasp the concepts.

Real world - what I earn is mine. Obviously there are expenditures including tax. Taxes are no different than mortgages - just bills that need paying.


 


 

Report Inappropriate Content
0
Kudos
125
Views
Highlighted
Valued Social Butterfly
1
Kudos
131
Views

Re: Wealth Distribution

131 Views
Message 44 of 87

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
Report Inappropriate Content
1
Kudos
131
Views
Highlighted
Treasured Social Butterfly
2
Kudos
138
Views

Re: Wealth Distribution

138 Views
Message 45 of 87

@rk9152 wrote:

@mickstuder wrote:

@Soosie wrote:

Wealth Distribution.jpg

 


Trump is President now - What is his Plan?

 

More jobs, less unemployment seems like a good start.


 


It's a 4 year term - riding on Obama's coat tails for the first 2 years is Not Governing - 

 

Trump is President now - What is his Plan?

 

Still under Russian Election Attack - No Plan

 

Infrastructure Crumbling - No Plan

 

Opioid Epidemic - No Plan

 

Pharmaceutical Costs Rising Astronomical - No Plan

 

Healthcare Insurance - National Disaster - No Plan

 

Trade is a National Disaster - No Plan 

 

Where are the Plans for a Better Life for all Americans - there is none - not fit to be President 

 

 

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

" )
" - Anonymous

Report Inappropriate Content
2
Kudos
138
Views
Highlighted
Valued Social Butterfly
1
Kudos
123
Views

Re: Wealth Distribution

123 Views
Message 46 of 87

@rk9152 wrote:

@Olderscout66 wrote:


The glue that held that "recognition of their obligation to employees etc" together was the pre-Reagan tax structure.

 

Until 1981, if the managers of a Corporation who decide how profits are to be divided chose to keep more for themselves, Federal income tax would take 70 cents of every additional dollar and state and local taxes would remove another nickle's worth, leaving the dividers with 25 cents. But if they gave the money to their workers, the worker would spend it, demand would increase, the economy would grow to meet the higher demand, and the value of the boss's interest in the Comapny would grow by much more than that 25 cents they'd get by keeping the dollar themselves.

 

After 1985, those same managers could keep 68 cents of every dollar they gave themselves, so GUESS WHAT THEY DID?

 

Obviously they KEPT THE PROFITS FOR THEMSELVES:

From 1948 until 1985, worker productivity increased by 96.7% and their wages increased by 91.5% - they received 95 cents of every additional dollar they made for the Company. From 1985 until 2015, productivity increased 241% but wages increased only 112% - the workers only received 46 cents of every additional dollar they produced for the Company.

 

Republicans justify this rape of the working class by saying it's due to automation and globalization, not the greedy busters in the corner office. But from 1948 to 1985, companies were moving factories SOUTH to escape Unions so Dixiefacation had the same effect as Globalization, and face it GOPers, automation has been around since the Jochard Loom and Whitney figured out standardized parts, so that dog don't hunt either.

 

It IS the greedy busters in the corner offices, and they can be "reformed" in a heartbeat by repealing the Reagan taxscams.

 

All it takes to make this happen is removal of the Republican Majorities in Congress

VOTE OUT THE NRAGOP IN NOVEMBER  - give your kids a FUTURE!


A coupla thoughts - first, the assembly line workplace is gone and not coming back; Not so much a thought as another LIE. In 2008 there were 13.725M jobs in manufacturing, jrbush and Republicvan economic policy dropped that to 11.460M in 2011, but today we're back to 12.751(93% of the 2008 high), and the number has been steadily increasing for the last 7 years.

 

second, it still makes no sense that the filthy rich keep more for themselves instead of giving it to their employees because their taxes were cut; Second lie. It's not the "filthy rich" - its the ones who decide how profits are divided - which would be most of management - do try and keep up. Before the Reagan scam IF the managers gave the money to themselves, they could only keep 25 cents of each dollar, but giving it to their workers would boost the economy and increase their own stock options by more than they'd make from giving themselves a raise so they gave it to the workers. But AFTER the Reaganscam they could keep 75 cents, which was more than they could expect from the economic growth, so they gave the profits to themselves. What other explanation for the stagnation of worker's wages and astronomical increases in management wages 1985 to 2017 can you concoct?

 

By the way, if that money in your pocket is YOURS, does that mean YOU guarentee it's value to anyone who wants to accept it in exchange for goods and services? If not, then what does it mean for the money to be YOURS?  Or do you somehow not understand that whatever amount you receive in exchange for your efforts is subject to taxation and you only get to keep what's "net after taxes"? These are really simple principles - pre-Econ 101 - and it's amazing you cannot grasp the concepts.


 

Report Inappropriate Content
1
Kudos
123
Views
Highlighted
Valued Social Butterfly
0
Kudos
125
Views

Re: Wealth Distribution

125 Views
Message 47 of 87

@Olderscout66 wrote:

@afisher wrote:

   Oh my, the ignoblers rant is specious...the low income people don't pay Federal Income Tax...but they do, they may or use to get it back at the end of the year when they filed their tax return. Which amounts to the Poor giving the Gov't an interest free LOAN of around 15% of their total income for the year.

    I suppose these ignoblers know that there is more to poverty than the metric of paying income tax...don't they. No, they don't

    Income has been flat for a long time.   And despite all the misinformation, the example by Pew Trust:   If you are given a $1200 raise and your rent goes up $100 / month, how has that benefited that worker or improved their lives.  It's worse than that for families with kids. In 1964 they didn't have to shell out hundreds of dollars each year for each kid to RENT their textbooks nor did they have to pay more hundreds of dollars for each kid to participate in sports of other "extra ciricular activities", and the schools provided low or no-cost school supplies.  A year at a State University cost $800 - tuition, lodging, food and books, and a minimum wage job could pay the tab. Now it's $20,000 - $10K for tuition and fees, $10K for room and board and the average worker at $22.65 would work 883 hours to cover the tab while the student with a minimum wage job would need  2,758 hours. 

 

     As Pew Trust points out - the income is not the issue, it is the puchasing power and that is about the same as it has been for nearly 40 years.    Not exactly - the Pew study only adjusts for INFLATION, not for all the things that have been added to the family budget, like those fees for school that did not exist in 1964.

 

       Americans' paychecks are bigger than 40 years ago, but their purchasing power has hardly budged  


 



@Olderscout66 wrote:

    I suppose these ignoblers know that there is more to poverty than the metric of paying income tax...don't they. No, they don't

    Income has been flat for a long time.   And despite all the misinformation, the example by Pew Trust:   If you are given a $1200 raise and your rent goes up $100 / month, how has that benefited that worker or improved their lives.  It's worse than that for families with kids. In 1964 they didn't have to shell out hundreds of dollars each year for each kid to RENT their textbooks nor did they have to pay more hundreds of dollars for each kid to participate in sports of other "extra ciricular activities", and the schools provided low or no-cost school supplies.  A year at a State University cost $800 - tuition, lodging, food and books, and a minimum wage job could pay the tab. Now it's $20,000 - $10K for tuition and fees, $10K for room and board and the average worker at $22.65 would work 883 hours to cover the tab while the student with a minimum wage job would need  2,758 hours. 

 

Which brings us back to the claim that the feds paid 75% of college and university costs before the Reagan tax cuts. Any proof of that????

Report Inappropriate Content
0
Kudos
125
Views
Highlighted
Valued Social Butterfly
0
Kudos
123
Views

Re: Wealth Distribution

123 Views
Message 48 of 87

@afisher wrote:

   Oh my, the ignoblers rant is specious...the low income people don't pay Federal Income Tax...but they do, they may or use to get it back at the end of the year when they filed their tax return. Which amounts to the Poor giving the Gov't an interest free LOAN of around 15% of their total income for the year.

    I suppose these ignoblers know that there is more to poverty than the metric of paying income tax...don't they. No, they don't

    Income has been flat for a long time.   And despite all the misinformation, the example by Pew Trust:   If you are given a $1200 raise and your rent goes up $100 / month, how has that benefited that worker or improved their lives.  It's worse than that for families with kids. In 1964 they didn't have to shell out hundreds of dollars each year for each kid to RENT their textbooks nor did they have to pay more hundreds of dollars for each kid to participate in sports of other "extra ciricular activities", and the schools provided low or no-cost school supplies.  A year at a State University cost $800 - tuition, lodging, food and books, and a minimum wage job could pay the tab. Now it's $20,000 - $10K for tuition and fees, $10K for room and board and the average worker at $22.65 would work 883 hours to cover the tab while the student with a minimum wage job would need  2,758 hours. 

 

     As Pew Trust points out - the income is not the issue, it is the puchasing power and that is about the same as it has been for nearly 40 years.    Not exactly - the Pew study only adjusts for INFLATION, not for all the things that have been added to the family budget, like those fees for school that did not exist in 1964.

 

       Americans' paychecks are bigger than 40 years ago, but their purchasing power has hardly budged  


 

Report Inappropriate Content
0
Kudos
123
Views
Highlighted
Valued Social Butterfly
0
Kudos
124
Views

Re: Wealth Distribution

124 Views
Message 49 of 87
Mick posted..

Trump is President now - What is his Plan?

-------------------------------------------

Thanks for asking. His plan like most Republicans and Independents is to be pro business...create jobs that get people into the middle class and out of poverty were they will be paying Federal Income taxes...reduce regulation that are not needed that are keeping businesses for expanding (lower corporation taxes are doing that).

The left on the other hand seem to think we need more government programs, more regulations, stop things that will create jobs like the XL pipe line. Their thinking is what is keeping people poor. But most people that are poor and dependent on "Big Brother) vote for liberals also called progressives ... we all see how that has worked.



Report Inappropriate Content
0
Kudos
124
Views
Highlighted
Valued Social Butterfly
0
Kudos
127
Views

Re: Wealth Distribution

127 Views
Message 50 of 87

@mickstuder wrote:

@Soosie wrote:

Wealth Distribution.jpg

 


Trump is President now - What is his Plan?

 

More jobs, less unemployment seems like a good start.


 

Report Inappropriate Content
0
Kudos
127
Views
cancel
Showing results for 
Search instead for 
Did you mean: 
Users
Announcements

AARP Coronavirus Call-in Event

AARP will host a weekly, live Coronavirus Information Tele-Town Hall on Thursdays at 1 pm (ET). Learn more on AARP's Coronavirus Tele-Town Hall page and join us each week for the latest information.

Calling is toll-free. During the 90-minute live event, government experts will answer your questions and address health concerns related to COVID-19.

Top Authors