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Posted on 7/6/25 at 5:41 pm to UtahCajun
quote:
Capitalism is so great that it allows one to sell its own demise.
Stalin said the same. “Capitalist will sell communist the rope to hang them by”.
Posted on 7/6/25 at 5:42 pm to imjustafatkid
quote:
Just more garbage nonsense from this poster.
You mean Scott Bessent?
Loading Twitter/X Embed...
If tweet fails to load, click here. LINK
quote:
For the last four decades, Wall Street has grown wealthier than ever before. And it can continue to grow and do well. But for the next four years, it’s Main Street’s turn.
It’s Main Street’s turn to hire workers. It’s Main Street’s turn to drive investment. And it’s Main Street’s turn to restore the American Dream.
LINK
quote:
Since President Trump took office in January, blue-collar wages have increased 1.7%. This represents the largest increase in working-class wages to start a presidency in more than 50 years. For comparison, working-class wages decreased during the same period under every single president since Richard Nixon with only one exception—President Trump in his first term.
LINK
quote:
Bessent outlined a vision to restructure international trade, promoting domestic manufacturing through tariff incentives and supply chain resilience.
This strategy aims to revitalise the U.S. middle class by bringing high-paying manufacturing jobs back to American soil.
Etc.
Posted on 7/6/25 at 7:11 pm to BuckI
quote:
No but paying a living wage would.
You believe every job deserves a “living wage”?
Posted on 7/6/25 at 7:44 pm to HailHailtoMichigan!
quote:
but abstract income cohorts
quote:
were in a higher cohort ten years later.
quote:
moving up (and down) income cohorts.
quote:
are not statistical cohorts.
quote:
by HailHailtoMichigan!
I only downvoted because out of your 6 sentences, … you overdosed on cohort with 4.
What Kurt Cobain was to heroin, you are to cohort.
Don’t let cohort be the last syringe in your jargon overdose.
This post was edited on 7/6/25 at 8:21 pm
Posted on 7/7/25 at 7:34 am to Skippy1013
Income equality is a rhetorical term used by democrats to point out that capitalism isn’t “fair”. “Fair” is never defined because they know it ultimately ends in equal wages doled out by the government.
As long as we can capitalism, there will be poor and there will be disparity in income and it should grow if there are artificial elements in play like minimum wage. Minimum wage puts pressure in business to improvise and move toward machine labor. That widens the disparity.
Capitalism ain’t perfect but it’s the best system we got.
As long as we can capitalism, there will be poor and there will be disparity in income and it should grow if there are artificial elements in play like minimum wage. Minimum wage puts pressure in business to improvise and move toward machine labor. That widens the disparity.
Capitalism ain’t perfect but it’s the best system we got.
Posted on 7/7/25 at 7:36 am to SlowFlowPro
If the government would eliminate the caps on how much a person can save, it will help the savings rate.
As it stands fhough, people are disincentivized to save and that is criminal imo.
As it stands fhough, people are disincentivized to save and that is criminal imo.
Posted on 7/7/25 at 7:41 am to SlidellCajun
You mean tax friendly investment vehicles?
I think capital gains should be eliminated, generally. Then we wouldn't have to create the sherrod of tax friendly investment vehicles and anyone could invest as much as they wanted and not worry about tax consequences of selecting the right vehicle
However, the problem is this would greatly benefit Wall Street, so it goes against the administration's priorities
I think capital gains should be eliminated, generally. Then we wouldn't have to create the sherrod of tax friendly investment vehicles and anyone could invest as much as they wanted and not worry about tax consequences of selecting the right vehicle
However, the problem is this would greatly benefit Wall Street, so it goes against the administration's priorities
This post was edited on 7/7/25 at 7:42 am
Posted on 7/7/25 at 9:02 am to HailHailtoMichigan!
quote:Indeed. The discordant measures sort of bear out the adage that "figures don't lie, but liars figure." Anyway, the top 1% numbers can absolutely be skewed to mislead.
Income inequality has not increased much at all.
Accurate I/I measures are complicated by the transitory nature of individual income within various brackets. E.g., the current 1% threshold is around $750K/yr. Only about 0.5% of Americans make that income year over year though.
Further, around 10-15% of Americans will earn top 1% income at least one year between ages 25 and 65. Those numbers are driven by one-off occurrences: home sales, business buyouts, inheritance, etc. They make that income one year, then drop back to their baseline. Meanwhile someone else pops past the 1% threshold the next year.
That is the part of these calculations often overlooked.
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