Can You Spot The Difference?
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Eagle_Eye
Well-known member
Hate to tell you sport but the rich have run things from the very beginning of civilization. Hell even under communism the rich were in charge.
"Might makes Right" is an old human reality. Not the optimal way to go, IMO.
Your tone in this post is somewhat cynical, but nevertheless reeks of truth. In fact, it reminds me very much of what one of my favorite authors -- Heinlein -- might have said. In fact, YOU are starting to remind me of Heinlein. lol
On a more serious note, history has shown us for thousands of years that the most productive, peaceful, prosperous societies are those where there is not a huge income disparity between high and low. Education is available and encouraged to those who seek it, and education and instruction in the trades -- including war -- are easily obtained. Those who for whatever reason have no way to have enough -- widows with children, the disabled, the elderly, mentally crippled, and so on -- are provided for by the community.
It's called cooperative behavior and it is the main reason that our species has managed to become the dominant (large) species on this planet. When we forget that, we lose our humanity, our souls, and our dominance.
Right! And that is why communism got a hold on people in the early 20th century, and why similar schemes have attracted peons and peasants for all of our existence.
Our country was born from a desire to escape the feudal, wealth=might type of existence. That's what modern conservatives don't seem to understand. You've been taught by corporate masters that taxes = no jobs.
Your tone in this post is somewhat cynical, but nevertheless reeks of truth. In fact, it reminds me very much of what one of my favorite authors -- Heinlein -- might have said. In fact, YOU are starting to remind me of Heinlein. lol
On a more serious note, history has shown us for thousands of years that the most productive, peaceful, prosperous societies are those where there is not a huge income disparity between high and low. Education is available and encouraged to those who seek it, and education and instruction in the trades -- including war -- are easily obtained. Those who for whatever reason have no way to have enough -- widows with children, the disabled, the elderly, mentally crippled, and so on -- are provided for by the community.
It's called cooperative behavior and it is the main reason that our species has managed to become the dominant (large) species on this planet. When we forget that, we lose our humanity, our souls, and our dominance.
Agreed. The problem isn't just one side or the other but both. Neither seems interested in doing what's best for the nation; they are both more interested in taking power. I blame the populace for not being more active in their own government.
Maybe that will change. The possibility that this generation of Americans will be the Greatest Generation of this century is getting stronger. You and I can't be the only ones who are growing increasingly dissatisfied with the results produced over the past 30 years by our national government and elected leaders.
Eagle_Eye
Well-known member
Let's look at communism. Everyone is equal was the dream. Reality was the leaders lived a life of luxury while the masses just got by. Your side believe that government can make everyone equal ie. tax the rich, but in reality the rich have loop holes to avoid taxes so the burden falls to the middle class. I don't know about you but I never got a job from a poor man. I will agree that many CEO's are way over paid but that is the free market system. These companies are using their money not ours to pay those high salaries so how can you fault them? Clearly the stock holders are making money or they would sell and the company would go broke (very simplified).
So in effect higher taxes do mean less jobs. Small businesses make up about 47% of the workforce thus logic shows raise costs fewer jobs lower costs more jobs. But the left always use the mega companies as an example of why we should raise taxes. The other thing your side forgets is make it too expensive and companies move taking the jobs with them.
saltydancin
Verified User
The USA has the communism of Christiananality = type of existence minus America.
Incorrect. We only have to look back a few years to see.
"WASHINGTON (AP) — President Barack Obama’s 2013 tax increases for wealthy Americans neither slowed their income growth nor hurt the economy, according to a study that taps into a key debate in the current presidential race.
"The top 1 percent of earners managed to increase their share of the nation’s income at about the same pace after their taxes were raised as they had before, according to the study , released Thursday by Emmanuel Saez, an economics professor at University of California, Berkeley.
"That outcome suggests that wealthier Americans did not respond to the higher taxes by either working less or saving less, as many economists often say will happen."
https://apnews.com/article/87553d69f3294e1fb3d0a5912f2e6e31
According to economists*, an income of $421K/year and above puts you in the top 1%. If you are a small business owner and making over that, either you're not a small business any more, or you have more than enough to live on w/o taking away from your employees. We need to close loopholes and tax the 1%. We can also make Medicare and Social Security solvent for decades more by removing the income cap.
* https://www.cnbc.com/2018/07/27/how...p,threshold varies significantly among states.
Who was the other
Obviously Voodoo Economics doesn't work. Americans are under taxed compared to the amount of money the Trump has been spending the past four years. Good thing Trump has so much experience with Bankruptcy, eh? LOL
https://www.thebalance.com/the-u-s-debt-and-how-it-got-so-big-3305778
The U.S. debt is the sum of all outstanding debt owed by the federal government. On June 10, 2020, it exceeded $26 trillion.1 The U.S. Treasury Department tracks the current total public debt outstanding and this figure changes daily. The debt clock in New York also tracks it.
About two-thirds is debt held by the public.1 The government owes this to buyers of U.S. Treasury bills, notes, and bonds, including individuals, companies, and foreign governments.
The remaining third is intragovernmental debt. The Treasury owes this debt to its various departments who hold government account securities, such as Social Security, which is one of the biggest owners. These government account securities have been running surpluses for years and the federal government uses these surpluses to pay for other departments. These securities will come due as baby boomers retire over the next two decades. Since Social Security and trust funds are the largest owners, the answer as to who owns the U.S. debt is basically everyone’s retirement money.
https://www.investopedia.com/articles/economics/10/national-debt.asp
The National Debt Affects Everyone
Given that the national debt has recently grown faster than the size of the American population, it is fair to wonder how this growing debt affects average individuals. While it may not be obvious, national debt levels directly affect people in at least five ways.
First, as the national debt per capita increases, the likelihood of the government defaulting on its debt service obligation increases, and therefore the Treasury Department will have to raise the yield on newly issued treasury securities to attract new investors. This reduces the amount of tax revenue available to spend on other governmental services because more tax revenue will have to be paid out as interest on the national debt. Over time, this shift in expenditures will cause people to experience a lower standard of living, as borrowing for economic enhancement projects becomes more difficult.
Second, as the rate offered on treasury securities increases, corporations operating in America will be viewed as riskier, necessitating an increase in the yield on newly issued bonds. This, in turn, will require corporations to raise the price of their products and services to meet the increased cost of their debt service obligation. Over time, this will cause people to pay more for goods and services, resulting in inflation.
Third, as the yield offered on treasury securities increases, the cost of borrowing money to purchase a home will increase because the cost of money in the mortgage lending market is directly tied to the short-term interest rates set by the Federal Reserve and the yield offered on treasury securities. Given this established interrelationship, an increase in interest rates will push home prices down, because prospective home buyers will no longer qualify for as large of a mortgage loan since they will have to pay more of their money to cover the interest expense on the loan they receive. The result will be more downward pressure on the value of homes, which in turn will reduce the net worth of all homeowners.
Fourth, since the yield on U.S. Treasury securities is currently considered a risk-free rate of return, and as the yield on these securities increases, risky investments such as corporate debt and equity investments will lose appeal. This phenomenon is a direct result of the fact it will be more difficult for corporations to generate enough pre-tax income to offer a high enough risk premium on their bonds and stock dividends to justify investing in their company. This dilemma is known as the crowding out effect and tends to encourage the growth in the size of the government and the simultaneous reduction in the size of the private sector.
Fifth, and perhaps most importantly, as the risk of a country defaulting on its debt service obligation increases, the country loses its social, economic, and political power. This, in turn, makes the national debt level a national security issue.
cancel2 2022
Canceled
Nasty Knoblicker takes it in the head!
saltydancin
Verified User
Obviously not yet a disability under the communism of Christiananality reduction in voters from coronavirus "will disappear" or from 9/11 reductions or by thieving US Constitution arsonists reductions while the communism of SCOTUS granting standing thru fabricated misnomer immaculate conceptions Christiananality as the County has time to landscape the swales in the neighborhood for water drainage, but nothing to repair the excess rain water damages to the pool & house as the pool deck of black mold & mildew must be an intentional reminder of all those burned & blackened US Constitutions + when attending university where absentee voting ballot thefts were Klues Klucks duh Klans churchstate jabberwocky sermons.
Translation: Why, yes, Dutch, I do speak Jabberwocky. I knew the Bandersnatch and the Jabberwock himself. Dutch, do you live in the Jabberwock dreamland as I do?
No, I don't, Salty. Acid trips are not my thing.
Well said, well copied anyways. lol
What do you want to bet that on November 4th, 2020, suddenly the debt matters to "conservatives" again? Insider tip: Buy stock in makers of tricorn hats, tea bags, and Don't Tread On Me flags.
No bet; the Republicans will spend the next 4 years bitching and moaning about Tax and Spend Democrats then whine about the National Debt.
Eagle_Eye
Well-known member
You forget that part of that tax increase was offset by the following.
https://www.treasury.gov/press-center/press-releases/Pages/tg1414.aspx
So yes what you say is technically correct there were also tax incentives that had a large effect on the job market and economy.
So in the end, raising taxes on the 1% did not cause loss of jobs or hinder new job creation.
Back to your original statement that (D)s want to control our lives. In what ways? Wearing masks during a lethal pandemic does not equal control.
Mandating something is control when those in power do the mandating.