Income Inequality

[brewster]

High Progressive taxation makes it unprofitable to squeeze every dime out of employees. We didn't start seeing EXTRAORDINARY executive pay until they got to keep most of it.

This is all back to Milton Friedman in the early 70's advocating supply side and tying executive pay to performance. They gamed it ever since to raise executive pay and order of magnitude over worker pay. When we should be taxing wealth not income, Capital Gains should be taxed higher, not lower than income.

The notion that money made off other money should be taxed less than what you worked your ass off for is insane. That people have bought this bullshit for 40 years is deeply depressing. Americans, R & D, are at their heart suckers for shysters who tell them heartwarming stories.

[Martin Hash]

I think only Fife drinks the Capital Gains Koolaid. Anybody else here believe in magic money?

[Fife]

I'm an anti-Marxist. If that makes me a candidate for Jonestown, clear the runway.

[Martin Hash]

I'm an anti-Marxist. If that makes me a candidate for Jonestown, clear the runway.

Dude, if you were an anti-Marxist, I'd know 'cuz I'm on the Membership committee.

Economies are games, and like any game, they can be gamed. That's why games have rules but, of course, the gamers don't like them.

[jbird4049]

I'm an anti-Marxist. If that makes me a candidate for Jonestown, clear the runway.

Dude, if you were an anti-Marxist, I'd know 'cuz I'm on the Membership committee.

Economies are games, and like any game, they can be gamed. That's why games have rules but, of course, the gamers don't like them.

Yes. I am amazed at the many who can't see this. Any economic system can be gamed, rigged, corrupted.

Almost all the increases in economic wealth in the past four decades have gone to the upper 1% with some crumbs to the top 10%. Yet, the solution is more of the same?

[Martin Hash]

"Collectivists advocate redistribution of wealth to increase fairness, but Liberals want to redistribute wealth to increase liberty." - me

"The opposite of 'redistribution' is 'concentration,' which pretty much describes the two competing ideologies in America." - me

[jbird4049]

"Collectivists advocate redistribution of wealth to increase fairness, but Liberals want to redistribute wealth to increase liberty." - me

"The opposite of 'redistribution' is 'concentration,' which pretty much describes the two competing ideologies in America." - me

Any attempts to reduce, or prevent, concentration is label Communist, or worse, Marxist.

[Fife]

What's the correct label?

[Martin Hash]

What's the correct label?

Anti-aristocracy.

But I understand that many people are looking forward to being a serf or owning one.

[brewster]

What's the correct label?

Anti-aristocracy.

But I understand that many people are looking forward to being a serf or owning one.

As long as the 90% are bamboozled into thinking they'll be in the 1% any day now, they're good with any amount of bullshit. Just look at the "death tax" nonsense, or good ole "Joe the Plumber" who had no idea that he'd never, ever be asked pay the tax he was against. We have a full on class war, but if anyone on the losing end says it, they're vilified as commies.