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Old 01-31-2014, 06:25 PM  
petegz28 petegz28 is offline
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Income Inequality and the real reason it needs to be addressed

Okay, the Left loves to rant about "fairness" when it comes to income inequality but that's a bunch of liberal BS. So let's get past the emotional arguments of fair vs. unfair and address why and when income inequality becomes a bad thing.

There comes a point in just about every imaginable scenario where too much of a even a good thing becomes a bad thing. What we have seen in the last decade and even more so in the last 5-6 years is just that. What's good for the rich and big corporations is starting to become bad for the country as a whole. The middle class is being weeded out by liberal politicians as well as what is amounting to nothing more than corporate greed.

A financially healthy middle class is needed for a strong economy. Unfortunately that is not what we have nor are we headed on a path to getting back to healthy. The middle class is what drives this country and it is disappearing for all the wrong reasons. While big business is cutting jobs or import\exporting jobs, creating an environment of job insecurity and stagnant wages, liberal politicians are squeezing more money out of the middle class with their failed policies.

When you look at the last several years, everything has risen except 2 key factors, jobs and wages. The cost of gas has risen, the cost of food has risen, the cost of health care is rising and the stock market is rising. Meanwhile jobs and wages are doing dick.

There comes a point where "what's mine is mine" becomes a bad thing. The rich and big corporations who have enjoyed record profits and a rising stock market are doing so for what is tantamount to nothing more than a fleecing of the middle class. Companies have laid off thousands of workers to increase profits in the name of "shareholder value". As the record profits come in we seem trillions being spent on non-productive things such as share buy-backs and such. Couple with the Bernanke influenced environment of low interest rates, the rich and big corps are feasting while everyone in the middle class continues to famine.

I am a capitalist and a free-market kind of guy but I can also see what is happening right in front of our eyes. Corporations have no loyalty to their employees and thus in the long run their customers. Wall St. now dictates every move of these companies with their "quarterly earnings estimates" and companies are allowing it to happen.

The best analogy I can come up with to describe the problem is one of losing weight. If you are overweight then losing weight is good and healthy. However, losing too much weight becomes unhealthy and though your initial goal was to watch the scale go down the point comes when the scale going down is now bad. Companies have got to start valuing their employees more and their CEO's a little less. The "shareholders" in which whose name all this cutting and thievery is done will benefit just the same if not more so. A healthy employment base gives companies the consumer base they ultimately need to grow.

Right now as Democrats are pushing the Immigration Reform issue so the can garner more voters, the Chamber of Commerce and big business is championing the issue in the name of cheaper labor.

The middle class is running out of money, folks. The jobs are not coming fast enough, the pay is not rising fast enough and the job security is running away too fast.

So when it comes down to it, it is not about what's fair and what isn't. It's about what is healthy for this country's economy and what isn't.
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Old 01-31-2014, 07:09 PM   #2
cosmo20002 cosmo20002 is online now
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Good idea for a thread.
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Old 01-31-2014, 07:46 PM   #3
HonestChieffan HonestChieffan is offline
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If the top makes less the bottom does not make more
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Old 01-31-2014, 07:52 PM   #4
petegz28 petegz28 is offline
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Quote:
Originally Posted by HonestChieffan View Post
If the top makes less the bottom does not make more
That's a pretty narrow view. The more accurate statement however is the top won't make as much as fast.
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Old 01-31-2014, 07:59 PM   #5
HonestChieffan HonestChieffan is offline
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Quote:
Originally Posted by petegz28 View Post
That's a pretty narrow view. The more accurate statement however is the top won't make as much as fast.
And that helps the bottom how?
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Old 01-31-2014, 08:01 PM   #6
petegz28 petegz28 is offline
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Quote:
Originally Posted by HonestChieffan View Post
And that helps the bottom how?
I think you're missing the point. It's not about helping the bottom.
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Old 01-31-2014, 08:06 PM   #7
HonestChieffan HonestChieffan is offline
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Quote:
Originally Posted by petegz28 View Post
I think you're missing the point. It's not about helping the bottom.

Its about reducing the top?
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Old 01-31-2014, 08:08 PM   #8
petegz28 petegz28 is offline
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Quote:
Originally Posted by HonestChieffan View Post
Its about reducing the top?
Apparently you are stuck on this us vs. them mentality.
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Old 01-31-2014, 08:11 PM   #9
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Quote:
Originally Posted by petegz28 View Post
Apparently you are stuck on this us vs. them mentality.
You seem defensive. Instead of doing a Cosmo and attacking me why don't you state your point?
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Old 01-31-2014, 08:12 PM   #10
petegz28 petegz28 is offline
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Quote:
Originally Posted by HonestChieffan View Post
You seem defensive. Instead of doing a Cosmo and attacking me why don't you state your point?
Why don't you read the op again?
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Old 01-31-2014, 08:16 PM   #11
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Quote:
Originally Posted by petegz28 View Post
Why don't you read the op again?
You win. Im out.
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Old 01-31-2014, 08:22 PM   #12
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The difficulty is that earned income through the sweat of your brow has been earned and taxed.

You have that. You own that.

But the market still has a use for it.

People with great ideas or products would like to borrow the use of the money you have earned by the sweat of your brow and have rendered back to the government it's tax.

How do we treat that resource, if you happen to have enough of it not to need it for day to day expenses?

Is your wealth some kind of virtual slave that doesn't do work but still earns you and others money by it's existence? Well, kind of but what do we do about that.

We've heard since we understood speech that 'it takes money to make money.' And this is the cold hard truth of an aphorism.

A lot of people don't realize that aphorisms have at their foundation a cold hard truth.

A base wage earner only has his or her time and talent as an asset.

Anyone with disposable income has that, plus an income 'worker bot' to go out into the market and work on his or her behalf in the stock market.

But the 'worker bot' is already taxed income. What's fair about taxing what has been taxed for increasing the productivity of the system when it's not even a person who puts on a uniform and heads into a job, but is the monetary increase of someone who has already done that and paid their dues for it.
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Old 01-31-2014, 08:22 PM   #13
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Loneiguana just had an alarm go off in his little hovel to tell him this thread exists.
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Old 01-31-2014, 08:28 PM   #14
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Quote:
Originally Posted by HonestChieffan View Post
If the top makes less the bottom does not make more
But it also seems like its true the other way around, if the top makes more the bottom makes the same, at best.

Trickle Down doesn't work, it just doesn't, the balls on a man like Reagan were GREAT for this country... but he had it wrong on that, the top hordes it, it doesn't work its way down.
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Old 01-31-2014, 08:32 PM   #15
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Quote:
Originally Posted by petegz28 View Post
A financially healthy middle class is needed for a strong economy.
Why do you say this?
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