US inequality of wealth....shocking statistics

[Gandalf]

The 1950s, 60s and 70s. A 91% top rate of income tax in the 1950s and at the same time the strongest period of economic growth in American history.

OK so incredibly high taxation CAUSED growth....ok, that works for me

Can you explain your objection to the superrich paying in a progressive taxation system without using loopholes to end up paying proportionally less than people on far lower incomes?

I don't know, can you defend lazy assholes abusing welfare and disability funds supplied by taxes from the aforementioned "superrich"?

The impact of the welfare recipients, is infinitely tiny compared to the impact made by the super rich. The rich in any society have an obligation to pay more. It's a progressive taxation system. Nobody is making them poor and in fact they aren't even paying their share anyway as they hide their money.

The debt of your country is so high because of the elite and they are handing money over to the elite. You could give every unemployed person 100,000 dollars for that, or wipe out student debt and give a cash incentive to look for a job. Instead, they gave it to banks who sat on the money and swapped it with the government.

If you really wanted people to spend and stimulate an economy, you should have instead have given free money to the people who have less. At least they would have bought things and put it in the economy. The US showed it's true colours.

The goal is money printing, inflation, and the erasing of debt all at the expense of the middle classes. The rich are protected as they are rich and have handouts, the poor are safe as they had nothing and get handouts, the victims are the middle classes; they are getting gauged to pay for all the shoddy crooks.

[El Kabong]

We HAVE "Progressive taxation" you dolt! And what does it do?

You know why the liberals love taxes? Because they don't fucking pay taxes!

[Gandalf]

Of course, but less progressive than in the past.

Liberals....no idea what that means in your language. But the middle classes pay their heavy share and are being eradicated. It hasn't been enough to destroy entire countries, but you had to turn upon your own populace too. It will be a disaster. This year or next, your economy will tank and of course bring the world down with it. Or else Japan gets there first. Or Britain. They are all on the same path.

[El Kabong]

Of course, but less progressive than in the past.

When the government treats MY MONEY with some fucking respect maybe then I won't care about how high taxes are.

[Gandalf]

Of course, but less progressive than in the past.

When the government treats MY MONEY with some fucking respect maybe then I won't care about how high taxes are.

What is treating your money with respect?

[El Kabong]

Of course, but less progressive than in the past.

When the government treats MY MONEY with some fucking respect maybe then I won't care about how high taxes are.

What is treating your money with respect?

Not this...
Debt Up $6.666 Trillion Under Obama | CNS News

[Gandalf]

Of course, but less progressive than in the past.

When the government treats MY MONEY with some fucking respect maybe then I won't care about how high taxes are.

What is treating your money with respect?

Not this...
Debt Up $6.666 Trillion Under Obama | CNS News

True.

QE, ZIRP, and the other fancy big letters are a mafia hit upon your economy. Britain, the US and Japan, are in quicksand and they carry on printing grains of sand. It's just crminal. They are getting away with it. For now. Their systems are unsustainable. Broke and bubbling their ways to new brokeness.

The sooner the world dumps these nations and their fraud currencies, the world can move on from this. They have ripped up the economic rulebook and are now making it up as they go along with the printing and zero interest rates. It won't end well.

Inflation is far higher than they are letting on already, it will run riot. It won't end well for anyone. All you can do is hedge your bets.

[Kirkland Laing]

The 1950s, 60s and 70s. A 91% top rate of income tax in the 1950s and at the same time the strongest period of economic growth in American history.

OK so incredibly high taxation CAUSED growth....ok, that works for me

I didn't say it did. I'm saying that it clearly doesn't prevent economic growth. It does prevent unstable economies and volatility in financial markets, the situation we find ourselves in now.

[Kirkland Laing]

Of course, but less progressive than in the past.

When the government treats MY MONEY with some fucking respect maybe then I won't care about how high taxes are.

What is treating your money with respect?

Not this...
Debt Up $6.666 Trillion Under Obama | CNS News

Which President treated YOUR dad's money with respect?

[El Kabong]

No, no, no, you implied that "progressive taxation" AIDED economic growth. It in fact does NOT...JFK lowered taxes on the wealthy saying "A rising tide floats all boats" was that evil of him? LBJ started many socialist programs that we all know you love like "The War on Poverty"...and to date there are more people in poverty than before...but the hits don't stop there with the progressive communist liberal democrats you love to ass kiss so much, how's about God King Barack Obama's namesake "Obamacare" which the CBO just said de-incentivized people to work and although it was created to get 30 million people without health insurance covered with health insurance in 10 years 30 million people would still not be covered by the panacea that is Obamacare

Which President treated YOUR dad's money with respect?

Oh you capitalized "YOUR" ....don't you know that's.....racist?

Hey everyone, Kirkland is racist, he's capitalizing shit!!!! Or does that only look good to you when you post it pussy?

[Kirkland Laing]

No, no, no, you implied that "progressive taxation" AIDED economic growth. It in fact does NOT...JFK lowered taxes on the wealthy saying "A rising tide floats all boats" was that evil of him? LBJ started many socialist programs that we all know you love like "The War on Poverty"...and to date there are more people in poverty than before...but the hits don't stop there with the progressive communist liberal democrats you love to ass kiss so much, how's about God King Barack Obama's namesake "Obamacare" which the CBO just said de-incentivized people to work and although it was created to get 30 million people without health insurance covered with health insurance in 10 years 30 million people would still not be covered by the panacea that is Obamacare

Which President treated YOUR dad's money with respect?

Oh you capitalized "YOUR" ....don't you know that's.....racist?

Hey everyone, Kirkland is racist, he's capitalizing shit!!!! Or does that only look good to you when you post it pussy?

This is just a giant word salad. If you manage to post a coherent argument I'll reply to it.

[El Kabong]

Alright Cunty McCunterson, how's about you explain how Obamacare deincentivizing people going to work is going to "fix" this wealth gap issue you seem to be so fucking worried about?

[El Kabong]

Teen unemployment 21%, black teen unemployment 38%....that's got to be great for "income disparity" eh comrade?

[Beanz]

You can't put a giant word salad on toast.Jam on the other hand is great on toast. Jam toasts companion and friend like a long term gay couple without a dog.Jam.

[El Kabong]

You can't put a giant word salad on toast.Jam on the other hand is great on toast. Jam toasts companion and friend like a long term gay couple without a dog.Jam.

Brockton