Comments on: Gap Between Rich And Poor Growing

Study Of Global Income Inequality Shows U.S. Middle Income, Poor Falling Further Behind Since 2000

[McHineguy]

KittenPower, (I had to split my answer into two parts)
I dont miss the points you make. I grew up poor, married a single mother who raised two kids on her wages as a store clerk. I have close relatives who cannot work for very valid reasons. I speak from experience.

I have no illusions, the hardest workers dont earn the most money. Never have, never will, even with "wealth sharing".

I am not sure where Obamas "tax cuts" are going. But I do know he plans to raise taxes on the guys who dont pay them anyway and pass them to the rest of us. Then he and the rest of our government will decide who "deserves" the money. Doesnt sound to be based on hard work and success to me.

If you want proof this fails look at our last 40 years, since Lyndon Johnson created "The Great Society". Our non-working class (people who dont even try to work) is growing, our place in the world economy declining. Electronics, Steel, clothing, cars, furniture "Made in Asia".

[kittenpower]

Machineguy - I think you are missing a few details: 1) Obama''s tax cut only goes to WORKING Americans 2) there is a false belief out there that those who work the hardest earn the most wealth - I for one don''t think all ceos work hard or rich porn stars, rockers or athletes....I general the DISTRIBUTION of wealth in this country is screwed up...under this system the rich (think W) get richer sometimes by sitting on their *****...furthermore, those who don''t work often are in that position because of mental illness, lack of skills etc...final comment-do rich oilmen deserve big bucks as they pollute our environment??

[McHineguy]

The real danger with distributing the wealth is when you do it correctly everyone in the WORLD gets equal shares. So we Americans end up with less than $5800 each.
Posted by Machineguy at 12:14 PM : Oct 21, 2008

Right,
What we have had instead for the last decade is a redistribution of any American job worth having, moved from America to the rest of the world.

Screww the majority of Americans bad enough and watch your ruling party lose big-time in the next election.

Happens every time, dont look so surprised.





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Posted by mytoosense at 03:43 PM : Oct 21, 2008

I agree with you in part. We are loosing our jobs to overseas economies. But the ruling parties cant stop that, only we can. Neither the Repubs or the Dems can ennact enough laws to stop the world from buying goods from the cheapest/best vendor. We need politicians who set us free, not set fences that the rest of the world ignores.

We are fighting with one hand tied behind our back. Fourty percent of our people dont pay taxes (dont work)!!!

Do you really think big government will treat you better than big business? My guess is you are the only one who has your best interest at heart and you need freedom, not more rules.

Obama says he will cut taxes for the middle class. Do we all hope to stay in the middle class? Who can we trust to decide that for us? What will happen to the rest of our pride?

[mytoosense]

You can not tax business - it is impossible. They will just cover that cost with higher prices. Obama maybe will lower the income tax but the secret is that Social Security tax is going up in his plan. That is what he is not telling you. Employers match that SS tax for each employee. Result; lay off employees. Not tax them a bit just to drive the nail in the coffin. Your taxes will go down and prices will go up. The ONLY way to keep more of your money is to make government SMALLER, so it do0esnt cost as much.

Posted by bailmeout1

What part of this Republican Economic Theory of yours can we thank for the current state this country is in?

So what if prices rise due to additional business tax.
If the price is too high the public wont buy the product. Then the company will have a capitalistic choice to make: Lower the price thus sacrificing some of the disgustingly high profits enjoyed lately by corporation OR chose to go out of business from a lack of sales.

I am looking forward to watching the fat cats having to make the tough decisions for a change.

[McHineguy]

ttinsly,
You seem to confuse capital with oportunity. Capital is a lever, not a barrier. Like Obama, I started with nothing (no capital, none) and succeeded beyond expectations. It took hard. Obama has succeeded even more than I because he is willing to lie and promise you things he cant deliver.

An economy is a fragile thing. If you control it, it will die. If you fence it in, it will move away. Social slavery results anytime someone has to work so someone else doesnt. Isnt that what welfare is all about?

[mytoosense]

The real danger with distributing the wealth is when you do it correctly everyone in the WORLD gets equal shares. So we Americans end up with less than $5800 each.
Posted by Machineguy at 12:14 PM : Oct 21, 2008

Right,
What we have had instead for the last decade is a redistribution of any American job worth having, moved from America to the rest of the world.

Screww the majority of Americans bad enough and watch your ruling party lose big-time in the next election.

Happens every time, dont look so surprised.

[McHineguy]

This study was done in France and finds France doing better than the rest of us. Of course France leads the civilized world, lol.

Our economy is going into decline because the rest of the world is outperforming us. We have too many people collecting government money. Japan took the steel industry, electronics and next automobiles. China took clothing, India is taking computer technologies.

The first 6 years of Bush II saw economic growth in spite of world competition. Its been a fast ride down hill since Nancy Pelosi came to power. But Obama will spread what is still left here so it wont feel too bad for a few years. Real wealth will move overseas like Madonna.

Wake up people, we live well when people work, people work when they get to keep the results. Our country will have all the wellfare we are willing to pay for until the wealthy move away.

[mtngurl8]

farpoint is drinking the pretty red Kool-Aid again. Who has been in power since 2000-not democrats but repukes. Trickle down is not an economic strategy. Bush was a disaster for this country and the repubs had control of congress long enough for us to see how successful there brand of economics is for the middle-class. VOTE OBAMA or be prepared for a nice facist future care of the neocon right.

[far_point200]

As our socialist government provides more and more for the lower levels of Maslow''s hierarchy of human needs, the propensity for indiviudals to seek employment to satisfy those needs is greatly diminished.

Hence, the disparity between the have''s and have not''s grows proportionately as government welfare increases.

Example: A neighbor receives food stamps and uses the local emergency room for medical attention (both free of cost to him and his family). He inherited his house, but has to come up with enough money to pay utilities, property taxes, car insurance and gas. He works (no w-2 jobs) just enough to generate cash to pay the bills. When asked who paid for his food and medical care, he replied, "the government". And when asked where the government got its money, he didn''t know.

Motivation, education and opportunity are the keys to bridging the income gap, not the redistribution of wealth, which is a proven negative motivator.

[McHineguy]

McSame is part of the problem. The right wing ideology of "trickle down", already discredited as a failure, is alive and well in the Con Men party. What has to happen, do the newspapers need to declare America a fascist country before you believe it? OMG, wake the F up already. The gap between the rich and poor is already the end result of the fascist policies. OMG.


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Posted by noloyalisti at 12:48 PM : Oct 21, 2008

"Trickle Down" is a left wing term for what conservatives call "Opportunity without Government intervention". Of course the LEFTIES dont understand it because it entails other terms they dont understand like "work", and "fair pay". So they made up a term that fits their concept of the world, "trickle down", with them sitting at the bottom instead of working to get on top.

fascist? you have no understanding of the word. And no, I wont believe it just because the papers say so. Do you?