America’s Unequal Economic Recovery


Wally

Well-known member
Joined
Dec 15, 2016
Messages
12,395
Reaction score
5,483
Points
113
Capital gains are taxed differently for good reason Wally. When it comes to income tax the rich pay a higher percentage and you trying to frame it as if they don't is dishonest, at best.

Ok, if we aren't raising capital gains tax then we need to tax wealth.

I think its bullshit that a billionaire can earn income on their money and pay a lower tax rate than someone who actually works.

Double taxation is completely bs argument because all money gets taxed over and over and over.



The rich have funded a bunch of bs braindead economists to push the narrative that keeps them wealthy. We have a resident one here.
 

Random Gopher Fan

Well-known member
Joined
Jul 21, 2021
Messages
1,286
Reaction score
1,081
Points
113
Capital gains are taxed differently for good reason Wally. When it comes to income tax the rich pay a higher percentage and you trying to frame it as if they don't is dishonest, at best.
The rich pay a higher percentage of their new wealth every year? The greatest trick the devil ever pulled was getting working class people to defend Jeff Bezos’ right to pay essentially $0 in taxes every year.
 

Wally

Well-known member
Joined
Dec 15, 2016
Messages
12,395
Reaction score
5,483
Points
113
The rich pay a higher percentage of their new wealth every year? The greatest trick the devil ever pulled was getting working class people to defend Jeff Bezos’ right to pay essentially $0 in taxes every year.
Spoof is so proud to have paid for part of his flight to space.🤪
 



Spoofin

Well-known member
Joined
Aug 11, 2013
Messages
23,196
Reaction score
6,931
Points
113
I clicked on your link. I read as far as the very first bullet point at the very top which already contradicted Dan Price's opening statement:

States that withdrew from federal unemployment programs in June saw slightly higher job growth through early August relative to states that didn’t end benefits, according to a new study.
 

Spoofin

Well-known member
Joined
Aug 11, 2013
Messages
23,196
Reaction score
6,931
Points
113
Reading further... I also love the fact that the article is about villianizing how cutting the extra $300 payment is hurting the ones who didn't find a job in the first month after the change. GO FIND A JOB THEN! There are literally a record number of open jobs available - more lenient with hiring and paying more than ever before. smh
 

Wally

Well-known member
Joined
Dec 15, 2016
Messages
12,395
Reaction score
5,483
Points
113
States that withdrew from federal unemployment programs in June saw slightly higher job growth through early August relative to states that didn’t end benefits, according to a new study.
Big News!
 

Spoofin

Well-known member
Joined
Aug 11, 2013
Messages
23,196
Reaction score
6,931
Points
113
Big News!
Up is Up and that contradicts Dan's statement (which is what I said). No one said it was "big news", but the data is based on only approximately 1-month after removal of the $300. It takes time to get a job sometimes, so a "slightly" higher job growth is what it is - an increase compared to those that didn't remove the $300. 🤷‍♂️ Give it some time - maybe after the "victims" who are now having a harder time money-wise decide they don't like that they might decide to go get a job? Until then, you and Dan Price can fight for their right to make more $ doing nothing than working.
 



Ogee Oglethorpe

Over Macho Grande?
Joined
Nov 20, 2008
Messages
11,519
Reaction score
3,263
Points
113
Up is Up and that contradicts Dan's statement (which is what I said). No one said it was "big news", but the data is based on only approximately 1-month after removal of the $300. It takes time to get a job sometimes, so a "slightly" higher job growth is what it is - an increase compared to those that didn't remove the $300. 🤷‍♂️ Give it some time - maybe after the "victims" who are now having a harder time money-wise decide they don't like that they might decide to go get a job? Until then, you and Dan Price can fight for their right to make more $ doing nothing than working.
This is a good explanation of why wealth redistribution is flat out a 100% failed notion. I think it's best summed up by the modified phrase; "A fool and his money were probably lucky to get together in the first place".

Accountability for the decisions that you make is a terrible thing, I know.
 

Bob_Loblaw

Well-known member
Joined
Oct 23, 2009
Messages
14,649
Reaction score
4,687
Points
113
Reading further... I also love the fact that the article is about villianizing how cutting the extra $300 payment is hurting the ones who didn't find a job in the first month after the change. GO FIND A JOB THEN! There are literally a record number of open jobs available - more lenient with hiring and paying more than ever before. smh
Those have been earmarked for our incoming surplus of Afghani goat herders and their 37 family members. It's good for Americans because those people will then be Americans and they will have jobs. Who else is going to deliver for uber eats? It'll also actually make the schools better too. I think it's nice of the upper class people to allow the poor schools and neighborhoods to have all of them.

That makes way more sense than cutting handouts and raising wages to a level where Americans will get off their butts and go back to work.
 


Random Gopher Fan

Well-known member
Joined
Jul 21, 2021
Messages
1,286
Reaction score
1,081
Points
113
Those have been earmarked for our incoming surplus of Afghani goat herders and their 37 family members. It's good for Americans because those people will then be Americans and they will have jobs. Who else is going to deliver for uber eats?

Of course Bob thinks Afghans are too dumb to do anything else besides herd goats and deliver your food. Those jobs are beneath BobBlobLaw! And even scarier they have 37 kids! It's far fetched for Bob to think they could possibly offer any other benefits to America.
 



Wally

Well-known member
Joined
Dec 15, 2016
Messages
12,395
Reaction score
5,483
Points
113
Those have been earmarked for our incoming surplus of Afghani goat herders and their 37 family members. It's good for Americans because those people will then be Americans and they will have jobs. Who else is going to deliver for uber eats? It'll also actually make the schools better too. I think it's nice of the upper class people to allow the poor schools and neighborhoods to have all of them.

That makes way more sense than cutting handouts and raising wages to a level where Americans will get off their butts and go back to work.

I am all for the raising of wages. You will NEVER get the righties to go along.
 

KillerGopherFan

Well-known member
Joined
Nov 15, 2013
Messages
21,750
Reaction score
3,845
Points
113
Worst ranked unemployment states are overwhelmingly run by Democrat governors. Check out the bottom of this list:
6AF25786-FEC0-44C1-9001-F76F3AA18B09.jpeg
03CB1519-40AC-471F-A752-504DCDF1AF09.jpeg
 

Random Gopher Fan

Well-known member
Joined
Jul 21, 2021
Messages
1,286
Reaction score
1,081
Points
113
Worst ranked unemployment states are overwhelmingly run by Democrat governors. Check out the bottom of this list:
View attachment 13961
View attachment 13962
States with a lot of agriculture have low UE and states that rely on tourism and production have high UE. Is this really that tough to understand.

Governor Walz thanks you for your support though. For him to make the top 12 and the rest of the democratic governors doing worse I think KGF understandably is giving a shoutout to Walz. Thanks for the bipartisanship KGF!
 


KillerGopherFan

Well-known member
Joined
Nov 15, 2013
Messages
21,750
Reaction score
3,845
Points
113
States with a lot of agriculture have low UE and states that rely on tourism and production have high UE. Is this really that tough to understand.

Governor Walz thanks you for your support though. For him to make the top 12 and the rest of the democratic governors doing worse I think KGF understandably is giving a shoutout to Walz. Thanks for the bipartisanship KGF!
Florida has a huge reliance on tourism. It’s not at the bottom like other highly populated, tourism heavy states.

Thanks for supporting Gov. DeSantis!

BTW, there are plenty of blue states with high unemployment, like Illinois and Connecticut, that don’t fit your narrative.
 

Random Gopher Fan

Well-known member
Joined
Jul 21, 2021
Messages
1,286
Reaction score
1,081
Points
113
Florida has a huge reliance on tourism. It’s not at the bottom like other highly populated, tourism heavy states.

Thanks for supporting Gov. DeSantis!

BTW, there are plenty of blue states with high unemployment, like Illinois and Connecticut, that don’t fit your narrative.
Connecticut actually ranks 12th on dependence on tourism. I will give Desantis credit for trying to keep businesses and the economy open.
 





Wally

Well-known member
Joined
Dec 15, 2016
Messages
12,395
Reaction score
5,483
Points
113

The Real Socialism in America Isn't What You Think​

By Robert Reich, Robert Reich's Blog

27 August 21



rsn-Y.jpg
ou may have heard Republicans in Congress rail about how the Democrats’ agenda is chock-full of scary “socialist” policies.

We do have socialism in this country — but it’s not Democrats’ policies. The real socialism is corporate welfare.

Thousands of big American corporations rake in billions each year in government subsidies, bailouts, and tax loopholes – all funded on the taxpayer dime, and all contributing to higher stock prices for the richest 1 percent who own half of the stock market, as well as CEOs and other top executives who are paid largely in shares of stock.

Big Tech, Big Oil, Big Pharma, defense contractors, and big banks are the biggest beneficiaries of corporate welfare.

How? Follow the money. These corporations and their trade groups spend hundreds of millions each year on lobbying and campaign contributions. Their influence-peddling pays off. The return on these political investments is huge. It’s institutionalized bribery.

An even more insidious example is corporations that don’t pay their workers a living wage. As a result, their workers have to rely on programs like Medicaid, public housing, food stamps and other safety nets. Which means you and I and other taxpayers indirectly subsidize these corporations, allowing them to enjoy even higher profits and share prices for their wealthy investors and executives.

Not only does corporate welfare take money away from us as taxpayers. It also harms smaller businesses that have a harder time competing with big businesses that get these subsidies. Everyone loses except those at the top.

It’s more socialism for the rich, harsh capitalism for the rest.

It should be ended.
 

Angry

Well-known member
Joined
Apr 8, 2012
Messages
2,414
Reaction score
789
Points
113
^ It’s something that has been well known for the last hundred years. The US’s move away from capitalism and towards corporatism. It’s taken a while but capitalism has been nearly removed from all American life.
 

Wally

Well-known member
Joined
Dec 15, 2016
Messages
12,395
Reaction score
5,483
Points
113
^ It’s something that has been well known for the last hundred years. The US’s move away from capitalism and towards corporatism. It’s taken a while but capitalism has been nearly removed from all American life.
Enabled to a large degree by right wing supreme court justices.

The right uses fake social issues to get power and they only use that power to benefit the corporatists.
 

Angry

Well-known member
Joined
Apr 8, 2012
Messages
2,414
Reaction score
789
Points
113
Enabled to a large degree by right wing supreme court justices.

The right uses fake social issues to get power and they only use that power to benefit the corporatists.
Funny the shift happened under Wilson. It’s almost as his policies had the opposite effect of which they were intended. This always happens. Wilson, LBJ, Obama all implemented policies that had the opposite effect of what they were trying to do. But hey it felt good though.
 

Wally

Well-known member
Joined
Dec 15, 2016
Messages
12,395
Reaction score
5,483
Points
113
Funny the shift happened under Wilson.
What shift?
What did Wilson do?
My guess is he did what the oligarchs of the day wanted, they had peak power then.
 

Angry

Well-known member
Joined
Apr 8, 2012
Messages
2,414
Reaction score
789
Points
113
What shift?
What did Wilson do?
My guess is he did what the oligarchs of the day wanted, they had peak power then.
The shift started during WW1 to a semi-fascism/corporatism. There’s a good amount of academic papers/articles on it. I can’t seem to find ones that don’t cost money. I’ll look later.
 





Top Bottom