Comments on: The Triumph Of "Trickle Up" Economics

CBS' Dick Meyer Stands On The Income Gap Precipice And Ponders The View

[bm6005]

BTW I can inject IQ into this. I expect the president of our country to be smarter than I. All he''s had going for him are Daddy''s connections. He''s failed every frickin'' business venture he was involved with except the ball team and that was a present from Daddy''s friends!!

[bm6005]

Sorry but Bush is a major league idiot no matter how you hide his frickin'' cheese!! Outsourcing is also taking away many high pay engineering jobs. I lost a high pay job to outsourcing (mex & asia). Once they found out these people couldn''t do my job they hired me back as a contractor. I don''t worry so much for me as I''m 62, but how about my kids generation? Both of my sons are engineers also and it took one a year and a half to land a job after graduation because all the high tech jobs went offshore. I say hang the present administration from their overly stuffed wallets.

[donbl1]

Does anyone notice that the last time the top 1% made this much was during the last year of the CLINTON presidency just before the Tech Bust?

This is not a Bush problem it is a market problem. The smarter or better educated with the most risk taking ability (and luckiest) who work hard make more money in a growing economy. They also get hit in a slowdown as the data show.

The bigger question is this how we are going to evolve in America? Is this how a democracy with a free market economy works? Some make ever more?

You can not inject IQ...... or luck for that matter. However, we do need to find a way to take care of the less fortunate if this is what we face.

The outsourcing is also taking away jobs from those in the bottom 20%. How do we replace those jobs and what is the role of government?

[bm6005]

p.s. Not unemployment during mr bush''''s presidency has been consistently at an all time low. I hear no point made of this
Posted by alanrobisch2

Yup, lot''s of McDonalds jobs open Genius. Know anyone hiring any AMERICAN software engineers? Bush is an IQ 91 MORON!!

[alanrobisch]

p.s. Not unemployment during mr bush''s presidency has been consistently at an all time low. I hear no point made of this

[alanrobisch]

SURPRISE AMERICA!!!,....You''''ve just been boned by the Bush/Cheney Crime Cartel,....and to all those who helped elect these Scumbags???,....Thanks a lot, dumba$$e$!!!


Posted by veteran71 at 07:13 PM : Oct 18, 2007

You haven''t got a clue. Lose the attitude and maybe think about things rather than posting mindless insults
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[alanrobisch]

I think Mr Meyers is your basic socialist. I live better than I ever have and much better than my parents and I have 5 siblings 4 of which have better incomes than I do and live better. We came from a low income family where my father often could not find work as a carpenter.

I did not have health insurance as a child. I rarely saw a doctor. I almost never went to the dentist. We didn''t go on vacations. We never ate out and my mother earned some money from taking in laundry she stayed home. We had one car not two.

We got toys at christmas time. to have an ice cream sundae was an exceptional treat. stocking stuffers were oranges and chocolates and nuts not expensive small items

[tnt1954]

why communism came about? to make the rich, richer.
from slave labor, an entire slave country.
where everyone volunteered to have a cot, three
hots and a real job to go everyday, all day, and
sometimes all night, so they could be worked
to death, literally, so that the gravy could
go to the financiers on wall street and london, england who formulated the Plan. beats stealing
from each other. how cheap can you get it? wholesale
is too expensive. stealing is more cost effective.
read about the history of the pirates, and then
how the pirates got pirated by the government leaders.
most enlightening. mother russia fed so many
americans during the dust bowl and the Great Depression, while the high rollers, continued
to control the dice at the table, always was that
way, always will be that way. the wobblies? sure.
fat chance.

[archangelric]

looked at historically; middle class is the amount of income required to buy the average house in one year up to the amount required to buy an expensive house in one year in the average (i.e. NOT California or New York) market. $50 K is nowhere near middle class.

The issue I have with *** Meyer''s argument is that regardless of what he might think, ALL wealth depends on government actions. Take Inheritance: it takes laws allowing wealth to pass on to descendants rather than be 100% taxed (whether you believe either is correct - it takes laws to provide that action)

The same for income; the argument that wages are kept in place by competition falls apart when you get to upper management who set their own wages. In a 1989 study, japan and european executives wages were 17 times their lowest workers while american executives were making 2014 times their lowest workers AND the lowest workers were making roughly the same in wages and benefits (generally the japanese and europeans had far more benefits, more vacation days, etc.); IN OTHER WORDS while american workers were getting a competitive wage american executives were getting 125 TIMES the competitive wage. Invisible hand of the market be damned!

I think the average tax payer finds it galling that through special tax breaks for "capital gains", etc. he is basically subsidizing the super rich. For Fairness and for the markets to work we need a deductionless, exemptionless, exceptionless graduated income tax.

[geoffgw]

Of course $365k is not middle class, the data show its top 1%. It''s as quartermass says, the pursuit of happiness has us trapped going after all this stuff!