Its their money. They don't need to answer to me for how they
spend their money any more than I need to answer to them how I spend my
money.Whether they themselves earned it or their parents and it got
passed to them, either way its their money and I don't have claim to it.Only a lazy person would look at a rich person who is already paying
millions in taxes compared to a few thousand that I'm paying in income tax
and expect the rich to pay even more of my share.The rich guy and I
use about the same govt resources and barack doesn't spend more money the
more money the rich guy makes.So theres no reason the rich guy
should be paying even more for what I use.Lets not be lazy and
expect the rich to pay for what we use.
Isn't this what the progressives want? Rich people distributing a bunch of
their wealth to people eager to serve them. Every time some billionaire spends
$50,000 a night for a vacation, that means a bunch of maids, drivers, personal
trainers, and other service jobs make money. Same goes for all the expensive
things they buy like cars, boats, planes, and houses. Somebody with a job has to
make all that stuff.Do we want all the wealth to "trickle
down" or don't we? Or is it only good if the government takes it away
from them without them getting anything in return?
Gap between wealthiest travelers?Not everybody can afford trips to
Hawaii or campaign dinners.Just not fair.
Not sure what the point of the article is... Yes the wealthy act wealthy, spend
what many would consider an extravagant amount, but that is their business. If
the article is to point out that the extremely wealthy's wealth has
increased far more than the average middle class person income, then it would be
best to point out why that is (increase in stock market, very, very friendly
hand picked board and company ego). Otherwise the article just shows how
different the wealthy are from everyone else.
@Chris BIs there any level of corporate exploitation of employees for
personal gain that you have a problem with? Sweatshops in Bangladesh perhaps?
What about the system in the middle east heavily used in nations like Qatar
(notably of late for world cup sites), Kafala? Slavery (or would you just argue
that room and board is more expensive than minimum wage, because honestly that
wouldn't surprise me)?
Schnee: Why do some people just assume that everyone who is wealthy got that way
by running sweat shops in Bangladesh or by some other similar arrangement?And why do they also assume that even in those exploitive situations
that the workers would be better off if those places were shut down? Except for
slavery, people tend to choose the best alternative available to them. In the
poorest parts of the world, working in a "sweat shop" is 10 times better
than rummaging through the garbage looking for food.I would love for
everyone in the world to have an opportunity to get a living wage for a good
day's work. In a perfect world, everything would be fair but our current
capitalistic system is still the best thing we have.
@SchneeWhy is it that liberals assume that when someone makes money
somebody else is being exploited?I work for a corporation where the
CEO is very wealthy. Because he does his job well I have been able to keep my
job and pay off my mortgage. Thousands of other employees in this country (and
others) have done the same. I am very grateful for his skill and effort.The stress and pressure of his job quite frankly would not be worth it
to me. Even if you get to stay in five star hotels once or twice a year.
Chris B -"Lets not be lazy and expect the rich to pay for what
we use."No. Let's not be stupid and expect something to
work that has never worked.And Reaganomics has NEVER worked.Let's double the highest tax rate. That would take it up to 70
percent, still 7 percent lower than the high tax rate in 1969 when we fought the
cold war and the Vietnam War, and went to the moon, and STILL had a budget
surplus because we had adequate revenue.The disaster that was
Reaganomics is STILL with us. Reaganomics took a system that worked and left a
mess in its place.Let's reverse it, and actually do what works
for a change. Reality trumps an unworkable ideology.
@1978"Why is it that liberals assume that when someone makes money
somebody else is being exploited?"I don't actually assume
that (besides, liberals love Costco for example), I'm merely challenging
the notion that there isn't any exploitation with regards to the corporate
power brokers making an increasing proportion of wealth while workers seem to be
treading water in wages. My apologies for being unclear; since two of you
responded in a similar manner I clearly didn't do a good job with that.
GaryO: Liberals love to quote the top tax rate 50 years ago and claim that rich
people pay much lower taxes now.The truth is, no one ever paid those
top tax rates. When they got that high, everyone found creative ways to find tax
shelters, push income into other years or categories, or just pay lawyers and
accountants to find some way around the tax.So it is completely a
red-herring to suggest that real taxes on the wealthy were once 70%+ in the
past. If government does find a way to make federal taxes above 50%, everyone
will be a little poorer because wealthy people will move abroad or invest more
in off-shore ventures.
@GaryO"Reaganomics took a system that worked and left a mess in
its place."A system that worked? I was alive in 1980 and the
system was broken. There is a reason that Reagan won two landslide elections
including a 59% to 41% blowout in 1984 after Reaganomics had been put into
place. Revisionist history will never trump actual history.Here are
some facts: Inflation 1980: 14% Inflation 1988: 4%Interest Rate 1980: 21%Interest Rate 1988: 9%Unemployment 1980: 7.1%Unemployment 1988: 5.5%21 million
jobs created under the Reagan.As Reagan once said you are entitled
to your own set of opinions but not your own set of facts.
@GaryO,What "works" is irrelevant.It would
"work" for my financial situation if I robbed a bank or came to your
house and stole your assets and sold them. That would "work" very well
in improving my situation. I guess based on your "logic"
since that would "work" for me financially then its worth pursuing.Great "logic"
@Schnee,I don't feel sorry for someone making $8/hour when no
on in the world is willing to pay them more than that. What this means is their
skills don't merit anything more than $8/hour. It is irrelevant if the CEO
makes $10,000,000 an hour - if the greedy owners of a company think that a
certain person will make them more profitable by paying that CEO 10,000,000 an
hour, then that's the right of the owners of that company. They can do
what they want - its their company.As for the 8/hour guy - he's
free to go to another company whenever he wants. But again, if the greedy CEO
next door wont pay him more than 8/hour then clearly that 8/hour guy wont help
the company enough to justify paying him more. If he did offer more value -
then the greedy CEO would gladly pay him more
Hey Joe Capitalist -"The truth is, no one ever paid those top
tax rates."No one ever pays the top tax rates now, and that rate
is down to a measly 35%.Ever heard of the Buffet Rule? Look it
up."The Buffett Rule is the basic principle that no household
making over $1 million annually should pay a smaller share of their income in
taxes than middle-class families pay." Warren Buffet
thinks it's crazy that his secretary has to pay a higher tax rate than he
does.Reaganomics is still in effect, and it's steadily pushing
this nation closer and closer to ruin.The less money you make, the
lower your tax rate should be. The poor and middle class spend their money and
get it circulating in the economy. The rich, on the other hand,
tend to hoard their money or spend it ways that don't put money back into
the American economy.A rich man's spending spree in Europe
doesn't help America's economy. The money he spends for his Italian
villa does NOT help America.It's time to apply common sense
again.After 30 years of Reaganomics, WHERE are the jobs?
Hey 1978 -" Revisionist history will never trump actual
history."That's exactly right. And actual history tells us
that the economy contracted by 2% during the year after Reaganomics was
enacted.And then the economy recovered strongly. But the reason
wasn't because of Reaganomics.The reason for that economic
recovery was that the price of world oil plummeted during the Reagan
administration to less than 1/3 the price it had been during the Carter
administration. And cheap energy stimulates the economy like nothing else.You're not entitled to your own facts.And the fact is
that mere coincidence does not prove causality.Reaganomics was
implemented and a year later the economy started to recover. I
bought a used Chevy pickup at the same time and the economy started to
recover.The price of world oil plummeted and the economy
recovered.Lot's of coincidence there, but it was the plummeting
price of world oil that caused the economy to recover.Reaganism does
not work now, and it has NEVER worked.It was supposed to allow the
so-called Job Creators to create jobs.WHERE are the jobs?
Every gap between the wealthiest and everyone else has widened. No surprise.
Christopher B“What ‘works’ is
irrelevant?”You say that because “Conservatives”
can’t get anything to work in the real world.I get it, and I
completely understand why you feel that way.
Great Associated Press story - or should I say typical. The gap between the
"rich" and "poor" is closer than ever. Just look at the
separation in the 20s and the farther back you go the wider the gap gets. Yet
the crowd that finds a benefit in paring the two sides against each other keeps
pumping out these opinion pieces without a shred of evidence to support them.
Guess what, a middle income person could rent a helicopter to fly
them to a hotel and get the luxury treatment for a weekend if they want. 50
years ago or more that would have been impossible because they could barely make
ends meet with one car and a 1000 sf home. And the current administration is
driving us back to those days by "equalizing" us.
I think its GREAT that people have money to spend. I do get tired of hearing
about the "super rich". But since you have this pretty meaningless
article here... They have always been with us and always will. In communist
countries it is usually the top government officials. In capitalist countries
it is private citizens. YAY for capitalist countries! Yay for the rich! We
don't all want to be rich. It is a hassle to keep track of all that
"stuff". It gets in the way of what is really important. But some
people want that. Some people really value that. Good for them. I'm glad
to see it happens the good old fashioned way still. Hard work and good luck.
With communism and socialism.... someone is taking bribes in the government.
That means the system is sick.
Some simple facts:* All people in our country have the opportunity
to succeed.* Success are based on peoples decisions, and desire to
work.* People in our country are free to leave exploitation, and build
their own base.* Whining gets you nowhere, and will just turn you into a
liberal.Worf's law= Champions run alone!
Traveller wealth gap equals overall wealth gap. Widening.
After 6 years of spread the wealth, Obama has made the situation worse.......go
Obama, keep filling their empty heads full of mush!