Thread: The Real Causes of Income Inequality

Has anyone ever stopped to think why they get taxed so much? Why you got income tax to begin with? Vested interests. Yet somehow no matter which party is in power you get less and less. Government revenues decreased or were sacrificed to increase MNC profits. See a health program on the horizon? I wonder if corporate profits will increase? M/I complex profits down? How about vested interests start a war, profits back up. Loans to R+D ... whose brother in Congress owns the business?

If the interests of republicans and democrats (citizens) are not seen in government ... whose interests are they? What mysterious group desires to blow money no matter who is in power and who benefits from blowing all that cash?

Originally Posted by USCitizen

Oh yeah, that's why JP Morgan just offered to settle for 250 million for robo-signing about 2.5 million mortgages?
Not to mention their attempt to foreclose on millions of homes that they never gave mortgages for.
The judge doesn't want a settlement.
JP is the tip of the iceberg.

Did you ever work on Wall Street?

Robo signing is not a crime and personally I don't believe any company tried to foreclose on any home for which a lien was not held. And you wonder why I won't accept CBS as a valid source.

Originally Posted by USCitizen

You are comparing a compact appliance to a full size washer/ dryer.

A 16 lb washer dryer combo is a compact appliance? Since when? The one in our utility room is a 16 lb.

BTW, when they are built to fit into an RV they tend to add a few hundred dollars just for effect.

Originally Posted by dnsmith

Robo signing is not a crime and personally I don't believe any company tried to foreclose on any home for which a lien was not held. And you wonder why I won't accept CBS as a valid source.

Robo-Signing someone's else signature is forgery.
Robo-Signing someone who doesn't qualify is a crime.
There's a trial going on.

Did you ever work on Wall Street or for any large corporation?

Originally Posted by USCitizen

FoxNews, CNN, rarely MSNBC, Bloomberg, Asian Financial Network.
Wall Street Journal, Forbes, Fortune, Economist.

But it doesn't really matter because I will remember what you post but you always conveniently forget what the Independents post because the Conservative mind can't seem to ingest anything other than, "No taxes, no regulations.".

Since I am not a conservative, why are you constantly trying to shoot me down? I don't post things that are not fact checked. BTW, at least 2 or your list of sources are left wing propaganda mills.

Originally Posted by thanatos144

You see it as China's fault or India....The whole reasons they are now prospering was because of OUR jealousy of the rich. Did you think it wasn't a factor that we have the highest corporate taxes in the world????????? or that we have have more and more college educated people who cant even hold a screwdriver? We as Americans think we are Above doing certain things or that if we do them we deserve as much as those employing us. Hell you should thank those foreign countries cause without them you wouldn't be able to afford the computer you are using now. This is not even touching regulation.

I don't blame China or India ... I blame those who gave them market access. The functionial tax rate was not 35% ... it averaged out to about 11.2%.

Jealousy and shit relations between labor and ownership ... are of little interest ... after our country lives in the crappah. You could just as easily say ownership "created" unions from abuses of labor (often neglected point).

When all the finger pointing is done, your left with a shit economy, to help market entry that hurts Americans and America.

Originally Posted by HonorsDaddy

Yeah, because reducing spending wouldn't help at all...

You have an interesting definition of "fair". Sounds to me like you'd be penalizing those who made a lot of money via investments

The only way you could believe that is to think nobody would find a way to hide that money, or that people would continue to invest in the United States regardless of how much they lost to taxes.

Your homework for the day is to study what happens when you increase the rate on capital gains. Not what happens in theory - but in real world application. When you understand that, you'll realize why your idea is, at best, naive.

Goober likely doesn't know the definition of Tax Incidence let along how it transfers much of the corporate tax from capital to labor.

Originally Posted by USCitizen

Show me a media CEO that doesn't do extremely well.
That's why all of us have to get our information on a current basis from a number of sources so we can ferret out, as best as possible, what's really going on.
I'm not my own source of information.

Of course, unlike GE, Leslie Moonves didn't just close up a whole bunch of factories and move them to our closest ally China.

That's wh

Media tends to make a larger net profit on investment than even major oil producing/distributing companies.

Originally Posted by USCitizen

Having ANYBODY, such as Tokyo Rose, debasing the merits of ANY nation's populace en masse, is deplorable.
Agree or disagree?

Agree? Disagree? Relevance please.

Originally Posted by michael h

Would be just as right to say a problem with them creating unemployment to increase wealth?

What some do not understand is, the more money the rich have the more likely they will invest, divert their money to capital, which in my opinion increases it utility. (Even if some of those jobs are over seas)

Originally Posted by USCitizen

Portfolio Conservatives and Libertarians only give a sh!t about their money (avarice).
You know that thing that has no marginal utility.

Baloney! They invest that portfolio money (capital) where it does the most good for all. (greater marginal utility). Less marginal utility would only exist if they kept their money in a lock box like some people wanted to do with FICA premiums.

Originally Posted by USCitizen

Than why is an Indian or Chinese guaranteed a job?

Guaranteed? No! Deserving? Absolutely! Every human deserves as much consideration for a job and a decent standard of living without regard to borders.

Noone in specific but certainly SOMEONE while an American is guaranteed NOT to get a job.

No one any where is guaranteed a job. Who cares who said it first?

This was michael's statement a week or two ago; I don't want to take credit for it.

Originally Posted by dnsmith

What some do not understand is, the more money the rich have the more likely they will invest, divert their money to capital, which in my opinion increases it utility. (Even if some of those jobs are over seas)

Investing overseas isn't an issue with me ... it's someones property, not mine.