Choice

[4-2-7]

Originally Posted by donquixote99

Income is proportionate to wealth, for the wealthy.
Income increases wealth, so the income of the wealthy grows.
Wages, meantime, are flat.
The percentage of income going to the wealthy, now vastly increased, will continue increasing.

Here's a simple table, that assumes wealth grows at a net rate of 10% a year:



Wealth % = wealthy income / total income (worker + wealthy)

This is just a figure demonstration, to illustrate the basic process at work.

So basically BS based on assumptions

[mpholland]

Precisely. Not to mention, there are ample opportunities for them to take that capital and make even more on certain investments, where the worker doesn't have enough or can't spare the cash to take advantage of it. More money can also be tied up for longer periods which commands even higher return rates. If you can make more money in the market than you can investing it in the "real" economy, why would you invest it. Then, if you get tax breaks on top of it because you "say" you are going to invest it in the economy, you can make even more. Then, when you finally got so much money, the market actually watches you and you become a market manipulator.

Back before Reagan, when the tax rates were a lot higher for the uber-wealthy, it wasn't as easy to attain that stature. Now things are just getting stupid.

I don't remember who said it, but I remember reading a statement on here once that 1,000 millionaires is much better for the economy than a single billionaire, and I wholeheartedly agree.

[BlueStreak]

Originally Posted by mpholland

Precisely. Not to mention, there are ample opportunities for them to take that capital and make even more on certain investments, where the worker doesn't have enough or can't spare the cash to take advantage of it. More money can also be tied up for longer periods which commands even higher return rates. If you can make more money in the market than you can investing it in the "real" economy, why would you invest it. Then, if you get tax breaks on top of it because you "say" you are going to invest it in the economy, you can make even more. Then, when you finally got so much money, the market actually watches you and you become a market manipulator.

Back before Reagan, when the tax rates were a lot higher for the uber-wealthy, it wasn't as easy to attain that stature. Now things are just getting stupid.

I don't remember who said it, but I remember reading a statement on here once that 1,000 millionaires is much better for the economy than a single billionaire, and I wholeheartedly agree.

By "real economy", I'm assuming you mean investing directly in starting a business and hiring people as opposed to simply buying stock and expecting a return? Is that correct?

If so then I agree. Tax cuts for the ultra-rich and corporations who weasel out of paying anyways, are a waste of time and money. It must be invested in the middle class, the people who do the bulk of buying things and building businesses.

Dave

[mpholland]

Originally Posted by BlueStreak

By "real economy", I'm assuming you mean investing directly in starting a business and hiring people as opposed to simply buying stock and expecting a return? Is that correct?

If so then I agree. Tax cuts for the ultra-rich and corporations who weasel out of paying anyways, are a waste of time and money. It must be invested in the middle class, the people who do the bulk of buying things and building businesses.

Dave

Yes Dave, that is precisely what I meant.

[Ike Bana]

Originally Posted by BlueStreak

By "real economy", I'm assuming you mean investing directly in starting a business and hiring people as opposed to simply buying stock and expecting a return? Is that correct?

If so then I agree. Tax cuts for the ultra-rich and corporations who weasel out of paying anyways, are a waste of time and money. It must be invested in the middle class, the people who do the bulk of buying things and building businesses.

Dave

We chose to invest our money in equity instruments and not only did we expect a return, we have had a quite nice return. I'm long past running my ass into the ground building a business.

So I hope this doesn't mean that anybody is assuming that we are in any way ultra-rich or that we are weaseling out of paying whatever taxes we are exposed to. Which is the expectation with most equity investors in this country.

[BlueStreak]

Originally Posted by Ike Bana

We chose to invest our money in equity instruments and not only did we expect a return, we have had a quite nice return. I'm long past running my ass into the ground building a business.

So I hope this doesn't mean that anybody is assuming that we are in any way ultra-rich or that we are weaseling out of paying whatever taxes we are exposed to. Which is the expectation with most equity investors in this country.

I have investments too, Ike. But, I'm one hell of a long way from rubbing elbows with Ann and Mitt. And, I suspect you are too.

Dave

[BlueStreak]

Thought so.

Do you still agree with this entirely reasonable line of thinking, Dan?

[4-2-7]

Originally Posted by mpholland

Precisely. Not to mention, there are ample opportunities for them to take that capital and make even more on certain investments, where the worker doesn't have enough or can't spare the cash to take advantage of it. More money can also be tied up for longer periods which commands even higher return rates. If you can make more money in the market than you can investing it in the "real" economy, why would you invest it. Then, if you get tax breaks on top of it because you "say" you are going to invest it in the economy, you can make even more. Then, when you finally got so much money, the market actually watches you and you become a market manipulator.

Back before Reagan, when the tax rates were a lot higher for the uber-wealthy, it wasn't as easy to attain that stature. Now things are just getting stupid.

I don't remember who said it, but I remember reading a statement on here once that 1,000 millionaires is much better for the economy than a single billionaire, and I wholeheartedly agree.

I can agree with that on individuals have a verity of needs and wants. They will spend and be divers in there needs.

Originally Posted by BlueStreak

By "real economy", I'm assuming you mean investing directly in starting a business and hiring people as opposed to simply buying stock and expecting a return? Is that correct?

If so then I agree. Tax cuts for the ultra-rich and corporations who weasel out of paying anyways, are a waste of time and money. It must be invested in the middle class, the people who do the bulk of buying things and building businesses.

Dave

I don't agree with this, "MUST" nope not at all. It's individual wealth and they are entitled to utilize it in what ever way they chose.

Originally Posted by mpholland

Yes Dave, that is precisely what I meant.

Originally Posted by BlueStreak

Thought so.

Do you still agree with this entirely reasonable line of thinking, Dan?

Some of it, but not the attitude you display that others must do things with their money to help others.

If you believe that I got dibs on your Challenger. You "must" help me since you have more than I do.

[BlueStreak]

Originally Posted by 4-2-7

I can agree with that on individuals have a verity of needs and wants. They will spend and be divers in there needs.



I don't agree with this, "MUST" nope not at all. It's individual wealth and they are entitled to utilize it in what ever way they chose.





Some of it, but not the attitude you display that others must do things with their money to help others.

If you believe that I got dibs on your Challenger. You "must" help me since you have more than I do.

Sorry, Cliven Bundy took my Challenger this morning after he and his armed thugs let his cattle graze on my lawn. I had no right to stop them. I know it's true, they told me so.

Dave

[BlueStreak]

Originally Posted by 4-2-7

I can agree with that on individuals have a verity of needs and wants. They will spend and be divers in there needs.



I don't agree with this, "MUST" nope not at all. It's individual wealth and they are entitled to utilize it in what ever way they chose.





Some of it, but not the attitude you display that others must do things with their money to help others.

If you believe that I got dibs on your Challenger. You "must" help me since you have more than I do.

BTW, I did not mean "must" as in they should be forced. I meant "must" as in the economic system won't work any other way. If they choose to fuck the rest of us, that is their choice. Just don't lose sight of who did it or blame anyone else when they do it.

Dave