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Fault Lines: The Top 1% + Income In The USA

Hits: 13972 | Rating: (3.1) | Category: News & Politics | Added by: madest
Page: 1 2 3 Next >   Jump to: Bottom    Last Post
Linkenberger
Male, 18-29, Canada
 1166 Posts
Monday, August 08, 2011 10:29:36 PM
*dusts off soapbox* here we go again...

Here's the situation as I see it: there will always Always ALWAYS be a gap between the rich and poor; the world would not function without it. The issue now is how to manage that gap in a way that most benefits everyone.

The best way to solve it is to keep the rich from getting superfluously rich, and the poor from getting desperately poor. Keep the poor from revolting, but at the same time poor enough to have a drive to become wealthy. Keep the wealthy feeling important, but not so powerful they gain control of the system.

I'm all for not punishing people because they are successful, but when a contribution that wouldn't make a dent in the pocketbook is refused, then we need to evaluate ourselves as people.

ThunderDiety
Male, 30-39, Western US
 19 Posts
Monday, August 08, 2011 1:23:21 PM
Bush rearranges the tax code with tons of tax cuts. His ideas were unique very different than any other President. More than ten years of his idea and the economy has continually got worse. Obama says hey let's do it the Way Every Other President did and that's a bad idea. Bush ideas were the outlier and as it seems did not work at all. Why not put thing more inline with the way they were, when the economy was much better. How is this a hard idea to grasp?

swiftkeys
Male, 18-29, Eastern US
 481 Posts
Friday, August 05, 2011 11:00:32 PM
big paragraphs.

Hephaestus
Male, 18-29, Eastern US
 35 Posts
Friday, August 05, 2011 3:26:33 PM
@Macfan20
If you happen to come look at this later:

1) Why do you wish to be the top 1%, what goals do you have that require that kind of income?
2) I’m willing to bet the CEOs are barely phased by the protesters; I’d suspect a level of disconnect or apathy to the “common man” and his problems.
3) Education is one pathway to better finances, but it is not a certainty. Even if it were, there is a point where everyone can’t be the CEO of a company.... someone has to pick up the trash or maintain the building – they are crucial to the company... yet, they will get a crumb of the income compared to the CEO. And you can claim that t he CEO ‘s job is hard to replace... national companies seem to change their CEO’s often, I doubt it’s that difficult.
4) I would amend your final point to say: voice your

macfan20
Male, 18-29, Canada
 10 Posts
Friday, August 05, 2011 2:52:06 PM
Honestly, I feel little pity for these protesters. People who work hard should reap the benefits of that work and dedication, and should be compensated for it accordingly. As someone who is at the top of their class and is confident that they will reach the top 1% of earners in their country, I would find it discouraging to know that further taxes would be imposed on my earnings than those that already exist. It is a goal of mine to make it into the top tax bracket so I will finally be able to see the fruits of my labor. If these people want a better quality of living, the should go to university and educate themselves rather than living off of the taxes of those who do.
The CEO's are probably looking down from their sky scraper's at these demonstrations and telling themselves to work even harder to ensure they never end up like the peasants on the ground. Put your effort into becoming successful rather than complaining over the fact that you're not.

Hephaestus
Male, 18-29, Eastern US
 35 Posts
Friday, August 05, 2011 1:06:12 PM
@OutWest
It seems to me that labeling the issue as merely “class envy” really cheapens the moral dilemma of what responsibility we have for our fellow countrymen for everyone.
Worse, it makes the experience of those who are “lacking” look like they are having a tantrum because they couldn’t afford the same luxuries when really they just don’t want to worry about practical matters in this country. Such as an E.R. visit bankrupting them (even with insurance) or that the degree they are working on and spending money to get will actually afford them a job even though there is a glut of competing employees.

I guess I'd be less bothered if the gap wasn't so wide, growing and the strange assumption that those with wealth 100% earned it.

auburnjunky
Male, 30-39, Southern US
 10129 Posts
Friday, August 05, 2011 12:24:11 PM
"You have never been poor, that much I can certain."

I am poor right now, and on food stamps.

Doesn't mean I am not taking steps to alleviate the situation.

OutWest
Male, 50-59, Western US
 548 Posts
Friday, August 05, 2011 10:45:45 AM
Class envy is class envy. I am tired of it.

What our government should do is protect our rights to equal opportunity. Not level the playing field or redistribute property from some to others.

Focus on removing obstacles that keep us from our true potential. Not on how it's unfair for some to have more.

My son is a pilot and while in flight school he said to me, "Dad I work with some really brilliant men and women. Someday I will watch one of my peers fly into space. Some understand and learn what what we need in an hour. It might take me four hours but I can do it". He wasn't complaining that he had to work harder or that someone else had an advantage. He had the opportunity to succeed.

The rich are not bad, the poor are not dumb, the government is not the great equalizer. The power to succeed resides in each of us. Just give us the opportunity to let us go where we will. The government truly should treat us as equals, then we w

madest
Male, 40-49, Eastern US
 6458 Posts
Friday, August 05, 2011 6:18:23 AM
There's lots we can do to fix the system: Tax the rich. Close loopholes for corporations. Tax havens should be against the law. Heavily tax corporations who move overseas. Means test social security beneficiaries. End the wars.
We're not broke because of Medicare and Social Security. The politicians who tell you otherwise are con men doing corporations bidding.

ak47reaper
Male, 18-29, Midwest US
 117 Posts
Friday, August 05, 2011 6:05:56 AM
A government in debt is run by the wealthy. Force the rich to pay or leave. -Daniel Berg

MCMXCIII
Male, 18-29, Asia
 354 Posts
Friday, August 05, 2011 12:27:45 AM
"Long term poverty is a choice"
You have never been poor, that much I can certain.

Errand_boy
Male, 30-39, Eastern US
 623 Posts
Thursday, August 04, 2011 11:23:31 PM
I don't enjoy the movie Fight Club for the fighting, I enjoy it because I would back anyone who could set the debt of people being screwed back to zero. F**k policing the police, we should focus on people who "hand over fist" screw us day in and day out, 24/7, 365 days. They go after our families, lets go after theirs. If you can find their island or fortress.

auburnjunky
Male, 30-39, Southern US
 10129 Posts
Thursday, August 04, 2011 10:23:50 PM
Who the hell quoted that idiot Antoinette? I didn't.

Let me clarify. Long term poverty is a choice unless you are disabled.

Sachi001
Male, 30-39, Asia
 598 Posts
Thursday, August 04, 2011 9:56:40 PM
"Let them eat cake" right auburnjunky

Hmmm who said that? I wonder how hard she worked on the sweat of backs just before her head was lopped off.

shredder89
Male, 18-29, S. America
 6 Posts
Thursday, August 04, 2011 8:37:16 PM
the thing here that most of the people are missing is that there is a reason why poor people tend to stay poor and rich people tend to stay rich, and that is the enviroment that you grow up on. imagine growing up in a poor hood where someone in your family maybe takes drugs, or one of your siblings died because of gang fights and things like that. You will learn from that enviroment that you can´t trust de future, you don´t have any safeties that the choices and decitions you make will be backed up, so you learn to live the present, cause you don´t know what might happen to you tomorrow, it´s like fighting for survivor. SO obviously, if you have that kind of enviroment what do you expect to come out of that? hard working people willing to study and work hard and with innovative ideas?

Baalthazaq
Male, 18-29, Asia
 4753 Posts
Thursday, August 04, 2011 4:54:44 PM
Mcgovern:
"No it isn't if you don't have any 1 percenters in the countries you speak of you're either full of s**t or you've taxed them so much they've left for a place that dosen't."

Every country has people in the top 1%... the question is, how much wealthier are the top 1% compared to the rest of the country.

In yours, you have one of the worst income distributions. There are worse of course. Zambia, Malaysia, Rawanda, Nepal, Namibia.

But then there are better.
UK, France, Germany, Sweden, Denmark, Switzerland, Israel, Japan, Australia, New Zealand, etc.

The company you tend to keep in these ratings do not suggest a country at the top of their game.

Baalthazaq
Male, 18-29, Asia
 4753 Posts
Thursday, August 04, 2011 4:39:45 PM
Incidentally Dang:



This is how much the different groupings are making after tax "overburden". There is currently a pattern of wealth redistribution, from the bottom, to the top, with current tax brackets and figures.

If you compare disposable income, rather than just income by the way, your stats all go way off.

Furthermore offset by the fact that currently, 50% of Americans do not make enough to pay taxes. That all goes in to things like comparing disposable income.

Baalthazaq
Male, 18-29, Asia
 4753 Posts
Thursday, August 04, 2011 4:30:06 PM
Dang:
"Reading the stories of some of these people I find nothing to suggest that they had an overabundance of "luck." It seems more often that they made it by hard work and being willing to take risks."

If there is no luck, why is taking risks important?

In non question form: You're ignoring the luck when you see it.

alibi19
Male, 18-29, Western US
 73 Posts
Thursday, August 04, 2011 4:07:25 PM
@patchgrabber While there are inequalities among people, these can be easily overcome by motivation. To say a disadvantaged person can't become rich because there are more obstacles in his way, I feel, undermines human spirit and the drive to succeed.

McGovern1981
Male, 30-39, Eastern US
 13456 Posts
Thursday, August 04, 2011 3:51:50 PM
@EntrE

No it isn't if you don't have any 1 percenters in the countries you speak of you're either full of s**t or you've taxed them so much they've left for a place that dosen't.

cyborg
Male, 13-17, Midwest US
 2799 Posts
Thursday, August 04, 2011 3:44:14 PM
25 min. no thank you.

dang007
Male, 30-39, Southern US
 590 Posts
Thursday, August 04, 2011 3:09:57 PM
As to whether or not the poor have the means to become rich.

As a whole the poor lack some of the advantages that the more wealthy have in regards to opportunity. This is why the poor are poor. HOWEVER, this is looking at it as a group. If we were to focus on individuals we would see that many of those "Born poor" become succeed in life and even become "rich." Based on this fact I suggest that anyone that really wants to can become successful and perhaps even rich.

On the other hand one could argue that the poor that find success are the "exceptions that prove the rule." Reading the stories of some of these people I find nothing to suggest that they had an overabundance of "luck." It seems more often that they made it by hard work and being willing to take risks. So I tend to discount the "exceptions that prove the rule." hypothesis.

bentley22
Male, 30-39, Eastern US
 245 Posts
Thursday, August 04, 2011 3:03:10 PM
While not ALL poor people have chances to become un-poor, many do and don't do anything about it.

If there is one thing I've learned, it's that I will offer assistance, but I will never attempt to drag someone out of poverty.

One of my business partners grew up poorer than dirt. He had no real chances in life. In his heart, he wanted more. And at 13 years old he walked to a warehouse in his neighborhood and asked for a job. He got a job breaking up wooden pallets with a hammer. He did a good job, never missed a day or work. One day his boss said he needed to go back to school and learn something. But the boss told him to walk over to the private school just outside the projects and ask if they will let him in, just like he asked for his job. But tell them you can pay for it by doing odd jobs around the facility. They accepted him, he was one of 4 black kids.

Today he is a partner with me in a pretty successful distribution company. We met in college. He made

dang007
Male, 30-39, Southern US
 590 Posts
Thursday, August 04, 2011 3:02:44 PM
From video top 1% richest earn 20% of income. From quick google search top 1% pay ~38% of federal income tax. From video top 10 of earners earn ~50% of income. Quick google search they pay ~70% of federal tax. I do not see a need to "raise taxes on the rich."

auburnjunky
Male, 30-39, Southern US
 10129 Posts
Thursday, August 04, 2011 3:01:01 PM
Long term poverty in America is a choice.

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