What caused the income inequality gap that started in the 70's?

Discussion in 'Free Speech Alley' started by LSUpride123, May 30, 2015.

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  1. shane0911

    shane0911 Helping lost idiots find their village

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    Well, it's better than giving it to someone else just because they didn't have any. Its bullshit. You want better or more stuff then you work harder and go get it. You don't sit in the corner sucking your thumb because someone else is better off.

    I'd never want to live in a place that rewards that type of behavior.
     
    shane0911, May 31, 2015
    #11
    StaceyO, Tiger Exile and TwistedTiger like this.
  2. LaSalleAve

    LaSalleAve when in doubt, mumble

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    So just because they "risk" it they should get a free ride? Even though the game is rigged and they really aren't risking anything?
     
    LaSalleAve, May 31, 2015
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  3. LaSalleAve

    LaSalleAve when in doubt, mumble

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    Pops made that money, junior who hasn't done shit except impregnate 8 women, snort cocaine every day and hasn't worked a day in his life, fuck him or her and the rest of the trust fund babies, they didn't earn shit.
     
    LaSalleAve, May 31, 2015
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  4. LaSalleAve

    LaSalleAve when in doubt, mumble

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    But your ok with rewarding nothing except a last name. How aristocratic of you.
     
    LaSalleAve, May 31, 2015
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  5. shane0911

    shane0911 Helping lost idiots find their village

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    How simplistic of you to assume that this is the same for everyone? When my mom died she left me a little bit of money, wasn't much, enough to pay off some bills but she worked her ass off for her entire life, same for myself to this point. Why should that money be taxed twice?

    And lets just take your example, it really doesn't matter what junior has or hasn't done. If his parents were smart enough to save some money so they could leave it to junior then good for junior. You have said you run a business, I'm sure you are planning to leave something to your kids, why is it okay for the gvt to come in and skim off the top of what you have already given your fair share? Is that okay with you? You seem to be one jealous mofo, has to be a sad existence.
     
    shane0911, May 31, 2015
    #15
  6. red55

    red55 curmudgeon Staff Member

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    We should change yours to Gomer. Pop is dead and the estate is a huge windfall income for the heirs. Of course they need to be taxed on it, just like other income.

    Inheritance taxes only apply to big estates $5-10 million and above. It only affects the 1%ers . . . the 1% who own most of the country. Those huge fortunes don't need to be generational wealth for successive generations of heirs who have earned nothing and paid nothing. The tax laws have been stacked in their favor for too long.
     
    red55, May 31, 2015
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  7. dudley

    dudley oops!

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    What do you mean the game is rigged? Investors lose money all the time. All a guy with a job does is go to work, do his little job, hob nob & kiss butt a little and collect his paycheck. He is not risking anything. Investors can lose their ass. Hopefully the investment succeeds and jobs are created so somebody can go to work, do his little job, hob nob & kiss butt a little and collect his paycheck. Tax policy should not create a disincentive to invest.
     
    dudley, May 31, 2015
    #17
  8. red55

    red55 curmudgeon Staff Member

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    So what? What is wrong is a system that taxes salary income higher than investment income. Actually most salaried people invest as well, only its a small portion of their income. The extremely rich make most of their income on low-taxed investment profits.

    There is always incentive to invest and people with money always invest it. What are they going to do with that money? Convert it to coins and bury it? The question is is only about how unfairly they are taxed for this particular income category that favors those with huge amounts of money to invest.

    Tuition is up because state university funding is down because Republicans don't think they should have to pay for anything. Once the states funded state universities of that state students could attend at reasonable costs. Now the state budgets are slashed and universities are forced to raise tuition and fees to keep program operating. So the nanny-state politicians now give tax money to students via TOPS to pay the high tuitions at the same time they starve the universities of funding. Stupid, stupid, stupid way to run a university system.
     
    red55, May 31, 2015
    #18
  9. Bengal B

    Bengal B Founding Member

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    LaSalle is always outraged about something beyond his control. Maybe he doesn't smole enough weed to really chill out.
     
    Bengal B, May 31, 2015
    #19
  10. dudley

    dudley oops!

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    I'd never want to live in a country with a privileged elite at the top and an underclass at the bottom, like England in years past. That seems to be the way our country is headed and I don't like it.
     
    dudley, May 31, 2015
    #20
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