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Started By
Message
Elizabeth Warren: 'Wealth trickles up'
Posted on 6/3/14 at 8:57 am
Posted on 6/3/14 at 8:57 am
quote:
Wealth does not trickle down. It trickles up. It trickles from everyone else to those who are rich.
quote:
When people feel like we're not all in this together, we're not all sharing, we're not all paying a fair share of our income or our wealth, then I think what you get is it all comes all unraveled. Everyone moves towards I will pay the least because he's paying the least.
quote:
There's a fundamental question in this country. Which do we think deserves reward: Is it those who work hard and who are smart, who get out there and make something happen? Or those were born into the right families and who are protected by a tax code that says generation after generation, they don't even have to work? We have prided ourselves as a country being built by a country of people who get out there and work. Our tax system has to reflect that same value. It has to reflect the importance of work and people who achieve and people who accomplish over being born into wealth
Forward, comrades!
CNN Money Interview 6-2-14
17
Posted on 6/3/14 at 8:59 am to HubbaBubba
Wealth is not created through a cycle.
People keep saying "A higher minimum wage means the lower classes have more money to spend in the economy which creates demand!"
Demand does not mean wealth creation. No wealth is created when a rich person transfers money to a poor person. Likewise no wealth is created when a poor person transfers money to a rich person.
People keep saying "A higher minimum wage means the lower classes have more money to spend in the economy which creates demand!"
Demand does not mean wealth creation. No wealth is created when a rich person transfers money to a poor person. Likewise no wealth is created when a poor person transfers money to a rich person.
Posted on 6/3/14 at 9:04 am to HubbaBubba
quote:
Wealth does not trickle down. It trickles up. It trickles from everyone else to those who are rich.
Why aren't these poor people creating any jobs then?
Posted on 6/3/14 at 9:05 am to HubbaBubba
quote:
Or those were born into the right families and who are protected by a tax code that says generation after generation, they don't even have to work?
Yeah, the increasing importance of the class of trust-fund babies over the last one generation is clearly a structural problem, and it is self-evidently a persistent one that will cripple our nation.
Whatever. Can't be too mad at her for her rhetoric. At least maybe she's a genuine true believer, and if so, she probably has real no shot at being a big dog.
This post was edited on 6/3/14 at 9:06 am
Posted on 6/3/14 at 9:09 am to 90proofprofessional
quote:But she could become a tribal elder.
Whatever. Can't be too mad at her for her rhetoric. At least maybe she's a genuine true believer, and if so, she probably has real no shot at being a big dog.
Posted on 6/3/14 at 9:12 am to HubbaBubba
quote::rimshot:
But she could become a tribal elder.
Well played.
Posted on 6/3/14 at 9:13 am to HubbaBubba
That's just stupid. Next thing you know, someone's gonna come out and say "No. Wealth trickles down".
Posted on 6/3/14 at 9:14 am to HubbaBubba
quote:
But she could become a tribal elder.
The tribe being a left-wing Tea Party?
I mean that comparison in terms of surprisingly-fast rise in party influence. If that's what you meant, I've been curious to see what the Dems will start to look like the next time the Reps control things. The loss of big-party money-power from Citizens United might then cause a similar fracturing on the left, since they won't still be united behind a popular president & stuff.
Posted on 6/3/14 at 9:15 am to 90proofprofessional
quote:
Yeah, the increasing importance of the class of trust-fund babies over the last one generation is clearly a structural problem, and it is self-evidently a persistent one that will cripple our nation.
Whatever. Can't be too mad at her for her rhetoric. At least maybe she's a genuine true believer, and if so, she probably has real no shot at being a big dog.
To bad she's such a nut on "fixing" income "inequality."
She actually has some good views on large financial institutions.
Posted on 6/3/14 at 9:15 am to Jbird
I apparently missed the reference :(
Posted on 6/3/14 at 9:15 am to HubbaBubba
Fauxcahontas make heap big bullshite.
Posted on 6/3/14 at 9:18 am to LSU0358
quote:
She actually has some good views on large financial institutions.
No. She doesn't.
Posted on 6/3/14 at 9:18 am to HubbaBubba
Wow, so it's communistic in your opinion to believe that the system is set up to benefit the wealthy? All it takes is an objective look at the situation to know that's the case. Do I think redistribution of wealth should happen? No, of course not. I think we just need to take a serious look at the current distribution and make moves to bring balance to a horribly unbalanced system.
Posted on 6/3/14 at 9:22 am to rbWarEagle
Donald Sterling paid 600 million in taxes. You won't pay a fraction of that in all your lifetime.
Wealth "unbalance" is dumb.
Wealth "unbalance" is dumb.
Posted on 6/3/14 at 9:29 am to WG_Tiger23
Right, because Donald Sterling paying 600+ million on a ridiculously priced $2 billion dollar basketball team really sums up the issue at hand.
Posted on 6/3/14 at 9:29 am to HubbaBubba
I wonder if she takes any tax deductions or does she pay more in taxes than is required. Why is it that people who are so willing to give your money to someone else are not willing to give more of their own.
Posted on 6/3/14 at 9:30 am to rbWarEagle
quote:
Do I think redistribution of wealth should happen? No
quote:
I think we just need to take a serious look at the current distribution and make moves to bring balance
Wut does this mean?
Posted on 6/3/14 at 9:33 am to WG_Tiger23
Anyone is welcome to have my effective tax rate as a single, healthy, successful, and white male.
Increased income taxes protect the currently wealthy. However, a bunch of idiots think that taking half of every additional dollar I make will make it easier for me to catch the billionaire crowd.
Those people are a special kind of stupid.
Increased income taxes protect the currently wealthy. However, a bunch of idiots think that taking half of every additional dollar I make will make it easier for me to catch the billionaire crowd.
Those people are a special kind of stupid.
Posted on 6/3/14 at 9:33 am to 90proofprofessional
quote:
Wut does this mean?
This.
Posted on 6/3/14 at 9:33 am to rbWarEagle
quote:
Do I think redistribution of wealth should happen? No, of course not.
quote:
I think we just need to take a serious look at the current distribution and make moves to bring balance to a horribly unbalanced system.
Are you this indecisive when getting dressed in the morning?
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