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re: De Blasio: 'There's Plenty of Money in This Country, It's Just in the Wrong Hands'

Posted on 6/27/19 at 10:43 am to
Posted by Revelator
Member since Nov 2008
62080 posts
Posted on 6/27/19 at 10:43 am to
quote:

So you do not know the struggles people have to go through who are not born on a even playing field



If you put everyone on the same playing field with the same exact resources, within a year, the playing field would be uneven again because everyone has different abilities.
What would you do then? Start over again?
This post was edited on 6/27/19 at 10:45 am
Posted by Walkerdog14
Member since Dec 2014
1304 posts
Posted on 6/27/19 at 10:43 am to
What’s crazy is everyone of them saying this crap are Millionaires
Posted by the808bass
The Lou
Member since Oct 2012
128844 posts
Posted on 6/27/19 at 10:44 am to
They’re millionaires who are party to writing the rules.

The millionaire next door isn’t. And those are the ones that these elitist jackasses are after.
Posted by cas4t
Member since Jan 2010
72160 posts
Posted on 6/27/19 at 10:45 am to
quote:

And if they’re not, one of their predecessors was so responsible, productive or innovative that they passed it on.


eh, in my personal experience it's probably pretty close to 50/50. I work in an entrepreneurial setting, and those millionaires certainly meet this criteria.

And then I know a lot of snobby rich kids, who have done absolutely nothing with their lives.

quote:

So what?


I was simply adding some context to the previous post. It's simply not true that most wealthy people are innovative. The majority of the wealth in this country is inherited.
Posted by jchamil
Member since Nov 2009
19499 posts
Posted on 6/27/19 at 10:45 am to
quote:

Conservatives generally accept the fact that taxes are a necessary evil. The problem occurs when government spending is horribly frivolous and wasteful, and they want more of your money to piss away.


Republicans will give the shirt off of their back for a good cause. Democrats will give the shirt off of your back for any cause
Posted by cas4t
Member since Jan 2010
72160 posts
Posted on 6/27/19 at 10:46 am to
quote:

Congrats on a compelling example of tax fraud. What’s the point?



Just an example of an extremely wealthy person I know being innovative, I guess.
Posted by NIH
Member since Aug 2008
122900 posts
Posted on 6/27/19 at 10:47 am to
quote:

The majority of the wealth in this country is inherited.


The United States of America has been the most upwardly mobile country in this history of the modern world. Why do you pretend otherwise?
Posted by cas4t
Member since Jan 2010
72160 posts
Posted on 6/27/19 at 10:47 am to
quote:

The United States of America has been the most upwardly mobile country in this history of the modern world. Why do you pretend otherwise?



I agree

but my statement is still true
Posted by the808bass
The Lou
Member since Oct 2012
128844 posts
Posted on 6/27/19 at 10:49 am to
Only 21% of millionaires received any inheritance, per one study of 10,000 millionaires. 16% of them inherited over $100,000. Only 3% inherited over a million.

Posted by upgrayedd
Lifting at Tobin's house
Member since Mar 2013
138931 posts
Posted on 6/27/19 at 10:50 am to
quote:

I'm personally referring to income tax. But I'm also no accountant nor economist.

The biggest complaint from the left is that they say rich people hoard money and it doesn't go into the economy. So, without a wealth tax, there's no way for then to get that evil stockpiled cash.
Posted by the808bass
The Lou
Member since Oct 2012
128844 posts
Posted on 6/27/19 at 10:51 am to
Someone cheating on their taxes isn’t a story of anything but someone cheating on their taxes.
Posted by Zach
Gizmonic Institute
Member since May 2005
117592 posts
Posted on 6/27/19 at 10:51 am to
quote:

I thought Warren said this


Yeah, but she stole the line from Karl Marx.
Posted by LSU fan 246
Member since Oct 2005
90567 posts
Posted on 6/27/19 at 10:53 am to
quote:


eh, in my personal experience it's probably pretty close to 50/50


Let's say your personal experience is true, what's the poor people percentage?

90% irresponsible and pretty much worthless? Less, more?
Posted by cas4t
Member since Jan 2010
72160 posts
Posted on 6/27/19 at 10:53 am to
quote:

Only 21% of millionaires received any inheritance, per one study of 10,000 millionaires. 16% of them inherited over $100,000. Only 3% inherited over a million.



I'd be curious to read this study. I've seen other studies that have showed this figure to be anywhere between 1/3 to half.
This post was edited on 6/27/19 at 10:54 am
Posted by Lsuhoohoo
Member since Sep 2007
102331 posts
Posted on 6/27/19 at 10:54 am to
quote:

If you put everyone on the same playing field with the same exact resources, within a year, the playing field would be uneven again because everyone has different abilities.
What would you do then? Start over again?



Take from the person who made good choices and give it to the person who made bad choices to re-level the playing field.
Posted by NIH
Member since Aug 2008
122900 posts
Posted on 6/27/19 at 10:54 am to
Where’s your information coming from?
Posted by the808bass
The Lou
Member since Oct 2012
128844 posts
Posted on 6/27/19 at 10:56 am to
Here’s some details.

LINK

Fair warning, Dave Ramsey conducted it.
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11959 posts
Posted on 6/27/19 at 10:57 am to
Don't forget to factor in that most people who inherit wealth that puts them in the top 1% of net worth are the most economical mobile group in the country. They are mobile downwards. The rich getting richer is just an easily debunked media narrative. The middle class is getting richer and the poor are also getting richer. 1%ers aren't the same people every year so that groups constantly changing.
Posted by nugget
Abrego Garcia Fan
Member since Dec 2009
15735 posts
Posted on 6/27/19 at 10:57 am to
quote:

Most of you who think that they are lazy or didn't work hard enough to make it are usually people who are born into privilege, either being born white or into other advantages that not all people are born into. So you do not know the struggles people have to go through who are not born on a even playing field.


I was born in the poorest state with one of the worst economies in the country. Can I get reparations? Everyone has good things and bad things going for them. Stop being a pussy and make something for yourself.
Posted by cas4t
Member since Jan 2010
72160 posts
Posted on 6/27/19 at 10:58 am to
quote:

Where’s your information coming from?



sources you'd likely cast aside as fake news

I'll be the first to say there are numerous studies that show large % swings. Unfortunately, a few of them involve said wealthy people just answering the question if they are self made or inherited.
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