Debt Ceiling Deadline - August 2nd

How do I want rich people's money? Not going to me is it?

 

oburn is gonna get hammered from all sides. there appear to be no sacred cows. slashing cuts, raising taxes, and eliminating subsidies.

but i do like with the last sentence of the article....

i give him props for having the cajones to put something out there, no matter how much it is gonna inflame some people.

 

You want to give it to someone else. Even worse.

 

No the American people won't stand for it. They will bend over and take it like the good little sheep they have become. If a third party doesn't step in and radically change the way our government does business, this place is doomed. This country was built on the backs of the middle class and now the middle class is being raped to death by both sides. The right wants the middle class to become slave labor, while the left wants them to become carrion for the entitled lazy to feed on. The middle class is a dying breed and the competition to kill them off is fierce. Neither the left nor the right is interested in finding a solution that works for everyone. It will be business as usual again.

 

ooooh the dreaded redistribution of wealth, which is already going on, except we are distributing TO the wealthy....

 

I don't think you understand what you are talking about. What is taken from anyone and given to the wealthy? The correct answer is nothing. You act as if someone's wealth growing inhibits another person's wealth from growing, but wealth is not a finite thing. If Warren Buffet has another billion dollars next year it isn't as if he got it from the savings accounts of Jack and Jill.

 

the classic, just because I don't agree with you, I have no idea what I am talking about. The wealth gap has grown to great depression levels. This is what low taxes and deregulation does. It creates the new millennium's version of the robber barons. And now you want to take away people's right to collectively bargain as well. You are a pretty smart dude, how can you sit here and defend policy that has failed over and over and over and over and over again. Voodoo economics and the trickle down theory, does absolutely nothing except make the rich richer, on the back of working Americans, and their families. I can understand why Republican politicians fight for the richest Americans, because they fund their campaigns, but normal people, makes no sense to me.

 

No. I say you don't understand what you are talking about because you don't. The amount of wealth is not a zero sum game. When one person gets richer by X dollars another does not get poorer by X dollars.

That only means the rich are building wealth faster than others. And why is the wealth gap at all important?

Yes it causes economic growth. A growing economy tends to benefit those with more most and fastest.

What?

How does the rich getting richer hurt anybody? The only way the growth of wealth is bad is if it is some finite thing which it isn't.

If the economy is just you and me and you have 450 clams and I have 50 clams the wealth gap is 400 clams. If your wealth grows by 25% and my wealth grows by 15% you will have 563 clams and I wil have 58 clams, and the wealth gap is now 505 clams. So even though I had a great year the wealth gap still grew.