Taxing the upper income more than they are already taxed doesn't work, because they supply the jobs. That you have a job doesn't entitle you to big money, but it keeps food on the table. Many of these workers are unskilled, and you can't expect a businessman to pay like a skilled worker. The poor generally drive pick-up trucks that get lousy gas mileage. They could drive economy cars. They smoke cigarettes and weed. Just an observation. There are adjustments that they can make to help their situation.
If all controls are eliminated, as you seem to support, all hell will break loose. That is why regulations were introduced. The system was being taken advantage of by greedy capitalists. Now do you understand?
capitalism is naturally controlled. Consumers only buy the best products at the lowest prices and workers only take the best jobs available. Thus capitalism is slave to workers and consumers. This is the best of all possible worlds. Now do you understand?
wrong of course regulations were introduced because stupid libsoviets thought they could improve capitalism but instead they slowly starved 120 million humans to death.
Progressive taxation can easily be offset. With a 90% tax rate a 3% pay increase is achieved by a 30% pay raise. The $50,000 workers pay is raised to $51,500 while Bernie Sanders proposed 90% tax rate on those earning more than $10M would receive a $3M raise, $2.7M going to government at the 90% marginal rate (for those who are unable to find a loophole to avoid it) resulting in an additional $30,000 or 3% increase in their after tax income. Politicians then can complain about the widening income disparity while spending whatever additional revenue was collected on new and/or existing social programs.
This the the ideal, but it doesn't work that way in the real world. Consumers buy what they perceive to be the best products that they think is affordable at not necessarily the lowest prices, and workers take the jobs that they perceive to be the best available. Now do you understand?
No. Regulations are introduced to preclude some capitalists from continuing to take advantage of the consumer and environment. The government at times overdoes it with regulations, but doesn't make the correction which may result in a negative result.
Nobody is talking about entitlements. The notion of Societal Fairness is very, very simple. It is that not all incomes can be identical. That just doesn't work. But, neither does it work to shift insufficiently taxed incomes up into Wealth such that the proportions are so disastrously dissimilar. As shown here: Do you really understand what it means when the top 0.1% of the population garner as much Wealth as the bottom 90? Do you?!? Answer the question by explaining how the above is "perfectly natural and not wildly irrational"...
Do you think raising taxes on wage earners is going to solve this? This is the fault of the guy making a couple hundred grand?
May I suggest that depends upon where "your real world" is? Since we have, in the US, very little notion of Societal Fairness (aka Social Justice), we are incarcerated in unfairness. It does work that way in Europe, and has done so since tertiary education was made nearly free a long, long time ago. As well, the National Health Systems in Europe started first in the UK in the 1950s, and now encompass the total population of 743 million (more than twice that of the US). These National Health Systems are based upon periodic national negotiation of the cost of medical practitioner-services as well as the bulk-cost of pharmaceutical products. The cost of a postsecondary Education in Europe is way below that of the US. See infographic on this page here. Note that the average cost of EU countries was (as of the date 2008/9) about 1200 dollars versus five times that amount for the US! So, for these two "services" (Health Care and Post-secondary Education), "yes, we can" in Europe. And in the US? Try it, you'll like it!!!!
You are looking to point the finger of "blame". Me too, it's Reckless Ronnie's reduction of Upper-income taxation. You are as well obviously deficient in understanding "Societal Fairness/Justice". (Maybe just selfish naturally?) Whatever. Moving right along ...
There is no such thing as the "real world" other than what we make of it. You want to accept it as it is - because you do not perceive the acute necessity of change due to acute Income Disparity in the US. We are bound not to agree with one another. Moving right along ...
What are you proposing? Tax the rich at 90%? They will stop spending, just as they have in the past. That will cost jobs, and nothing will change. When the wealthy stop supplying jobs, a recession follows. Do you really understand reality? Do you? What company do you work for?
I as a worker, might like it. However, many of these countries are essentially bankrupt, and business suffers greatly. So, it sounds good, but is it?
I'm looking to take your finger of blame off of wage earners. The wealth disparity is not happening because we're failing to tax guys making a few hundred G's more "aggressively". But those are the guys that get hammered by the tax code and you would only harm them more without doing a thing to solve the wealth disparity.
then how did Stalin Mao Pol Pot Castro etc slowly starve 120 million to death???? Do you consider 120 million slowly starving to death a negative result?? Do you see why they say liberalism is based in pure ignorance?
exactly, in fact he would violently tax the wealthy more, at gun point, and use the money for more crippling welfare which would make things far worse!
yes we should try to copy loser countries like France and Italy and see if we too can be as poor as they are. Italy has the per capita income of Mississippi about our poorest state. Without continuing American defense and inventions they would not exist today!!
True when you have freedom and capitalism anyway!! Then the distribution of wealth is whatever free people want. If they feel Bill Gates has too much money and gives too much to charity they are free to not buy his products and not enrich him further. The notion of buying his products and then using govt violence to steal the money back for crippling, vote buying welfare is Nazi inspired!
The wealth disparity is coming from the financialization if the economy, fueled by the FED and the wall street banks. Cheep credit and speculation have replaced productivity, savings and investment. But the dolts still think taxing themselves more, preventing themselves from ever accumulating wealth will be the cure
more from 1) liberal programs attacking family, religion, schools rendering many Americans unfit for work and marriage, the traditional ways out of poverty 2) liberal taxes regulations deficits taxes and trade deals that shipped their jobs off shore 3) 30 million liberal illegals taking their jobs and bidding down wages of remaining jobs 4) welfare programs that discourage people from gaining wealth but whose cash payments are not counted as income or wealth
