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Started By
Message

The paradox of America is in our faces
Posted on 1/27/19 at 1:20 pm
Posted on 1/27/19 at 1:20 pm
It is said that 80% of Americans do not have any money in savings.
Of that remaining 20%, about 10% have approximately 2 weeks of salary saved.
So, let's just say that approximately 10% of Americans have at least some of the recommended amount of savings (5-6 months worth) in the bank.
That 10% of course includes the 1% of millionaires and billionaires who make up the large majority of our economy.
On any given day, we are a 50/50 split of Republicans and Democrats (the number of democrats is larger overall). Of the 1%, I've read that there are actually more billionaires who are also Democrats, but let's just say that that number is about 50/50 too.
So, what's my point? My point is to make the distinction that there are a large majority of left winged people of great wealth that have no issue with handing over greater percentages of their wealth in income tax. Then, there's the other side who do not want to raise taxes for this reason or any other reason to expand the wealth of our government to spend money on the public or for the public.
I fully understand the want for smaller government and less dictation of how or why +/- .5% of Americans acquire or spend their wealth. It's this populous who control the majority of this board just like the majority of this board says democrats are.
Let's go back to the point ?80% of Americans don't have any savings in the bank. Going with percentages, 40% of Americans vote to protect the party who does not want governmental growth that includes growing support for those who don't have enough money (the reason does not matter) to support themselves or their families.
The other side of the argument is that welfare (like any governmental aid) is a form of control, and there can be some truth to that...just like there's truth to 40% of Americans with no wealth supporting a party who does not support financial support from the government.
Of that remaining 20%, about 10% have approximately 2 weeks of salary saved.
So, let's just say that approximately 10% of Americans have at least some of the recommended amount of savings (5-6 months worth) in the bank.
That 10% of course includes the 1% of millionaires and billionaires who make up the large majority of our economy.
On any given day, we are a 50/50 split of Republicans and Democrats (the number of democrats is larger overall). Of the 1%, I've read that there are actually more billionaires who are also Democrats, but let's just say that that number is about 50/50 too.
So, what's my point? My point is to make the distinction that there are a large majority of left winged people of great wealth that have no issue with handing over greater percentages of their wealth in income tax. Then, there's the other side who do not want to raise taxes for this reason or any other reason to expand the wealth of our government to spend money on the public or for the public.
I fully understand the want for smaller government and less dictation of how or why +/- .5% of Americans acquire or spend their wealth. It's this populous who control the majority of this board just like the majority of this board says democrats are.
Let's go back to the point ?80% of Americans don't have any savings in the bank. Going with percentages, 40% of Americans vote to protect the party who does not want governmental growth that includes growing support for those who don't have enough money (the reason does not matter) to support themselves or their families.
The other side of the argument is that welfare (like any governmental aid) is a form of control, and there can be some truth to that...just like there's truth to 40% of Americans with no wealth supporting a party who does not support financial support from the government.
Posted on 1/27/19 at 1:24 pm to jptiger2009
The Left votes to receive money.
The Right votes to receive opportunity.
The Right votes to receive opportunity.
Posted on 1/27/19 at 1:26 pm to jptiger2009
quote:
My point is to make the distinction that there are a large majority of left winged people of great wealth that have no issue with handing over greater percentages of their wealth in income tax.
This simply isn’t true. The wealthiest among the left use the same tactics to conceal their wealth and minimize their taxes as those on the right do. The only difference is the policies they publically support.
You think liberal multi-millionaires and billionaires actually pay taxes in the highest tax bracket on the entirety of their eligible earnings every year? LOL
Posted on 1/27/19 at 1:27 pm to Stingray
A bit more to it than that, but yeah, that's the way your party wants you to see it.
Posted on 1/27/19 at 1:27 pm to Roger Klarvin
quote:
You think liberal multi-millionaires and billionaires actually pay taxes in the highest tax bracket on the entirety of their eligible earnings every year? LOL
Just look at what the Obama administration did with complete control of Congress. He talked a big game about inequality, but in the end, there was only the slightest of bumps. His owners weren't just going to let him take their shite - only get elected based off of that premise.
Posted on 1/27/19 at 1:28 pm to jptiger2009
No thanks. The Republicans are controlled opposition.
Posted on 1/27/19 at 1:28 pm to jptiger2009
quote:
My point is to make the distinction that there are a large majority of left winged people of great wealth that have no issue with handing over greater percentages of their wealth in income tax
So why did Murdering Joe Scarborough move to FL so he didnt have to pay CT taxes?
Posted on 1/27/19 at 1:29 pm to Roger Klarvin
There are loop holes created by the wealthiest (that's capitalism), but they still vote to shell out more money.
Posted on 1/27/19 at 1:31 pm to jptiger2009
quote:
There are loop holes created by the wealthiest (that's capitalism)
The ability of a legislative body to give particular protections to a class of people is not an inherent feature of capitalism; it is a feature of governance of any type. There are always the privileged - I tend to think that our problems stem from the fact that those in power do not have formal power, so we don't really have a good clue of who runs the show.
Posted on 1/27/19 at 1:31 pm to SDVTiger
We talking state government now? That's a different measure, but sure, that's what he was doing.
Posted on 1/27/19 at 1:31 pm to jptiger2009
quote:
My point is to make the distinction that there are a large majority of left winged people of great wealth that have no issue with handing over greater percentages of their wealth in income tax.
You do realize these people can pay more income tax right now, and can more effectively help poor people by giving it away?
What's stopping them?
Posted on 1/27/19 at 1:33 pm to jptiger2009
quote:
but they still vote to shell out more money.
You're really really dumb if you believe this
They are going to protect their wealth as much as anyone
Posted on 1/27/19 at 1:33 pm to HempHead
I just find it a bit crazy that so many Americans with no money vote for others to keep their money.
Posted on 1/27/19 at 1:35 pm to jptiger2009
quote:
that so many Americans with no money vote for others to keep their money.
Because even people with little money will one day be in higher tax brackets if they're at least average.
Posted on 1/27/19 at 1:35 pm to jptiger2009
quote:
I just find it a bit crazy that so many Americans with no money vote for others to keep their money.
I don't want anyone else's money. I want to keep what has been given to me and have the opportunity to expand upon that.
Posted on 1/27/19 at 1:36 pm to jptiger2009
quote:
There are loop holes created by the wealthiest (that's capitalism)
Welp, I'm out of here. You're uninformed and uneducated.
Posted on 1/27/19 at 1:37 pm to HempHead
quote:
I want to keep what has been given to me and have the opportunity to expand upon that.
I want that too, but I don't want to prevent others from having the same opportunities.
Posted on 1/27/19 at 1:38 pm to RogerTheShrubber
quote:
You're uninformed and uneducated.
It's always the name callers
Posted on 1/27/19 at 1:38 pm to jptiger2009
quote:
I want that too, but I don't want to prevent others from having the same opportunities.
I don't follow. Are you suggesting that by letting others pay less in taxes that it prevents some from having the same opportunity?
Posted on 1/27/19 at 1:40 pm to HempHead
quote:
I don't want anyone else's money.
Two of the core tenants of Progressivism are envy and unaccountability. The OP is too arrogant and ignorant to realize what he is advocating.
quote:
I want to keep what has been given to me and have the opportunity to expand upon that.
Which leads to another issue with our Progressive friends: IF you are the domestic enemy, what you earned actually belongs to THEM. In essence, your money is their money. You couldn't have earned it without them.
You Didn't Build That. Remember?
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