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originally posted by: LogicalGraphitti
for all those that think trickle-down doesn't work either weren't an adult in the 80's or just weren't paying attention. Our economy was a complete mess and it was Reagan that pulled us out of it. Bush 1 and Clinton both inherited a fixed economy. The 90's were the best economic years in my lifetime. That didn't just happen by itself. Trump is our modern Reagan.
What astonishes me is that the Right wingers hate taxes for social programs but are more than happy to support any and all war machines of the Military industrial complex, paying for $600 toilet seats, do nothing generals making 1mil a year with life long pensions, and our tax dollars going to rebuild countries that we destroyed. Obscene profits for corps like Halliburton and the private military while ignoring the enlisted man. Here's how it breaks down....
originally posted by: olaru12
What astonishes me is that the Right wingers hate taxes for social programs but are more than happy to support any and all war machines of the Military industrial complex, paying for $600 toilet seats, do nothing generals making 1mil a year with life long pensions, and our tax dollars going to rebuild countries that we destroyed. Obscene profits for corps like Halliburton and the private military while ignoring the enlisted man. Here's how it breaks down....
You know what the capital H is for.....
Entitlements......just a reminder, I payed into the system my entire working life. Touch SS or medicare and you have dembs all over again.
originally posted by: MOMof3
a reply to: Edumakated
In a town in Idaho with a population of 20k? Hahaha. If it were not for wash state next door, this town would die like the others. That’s why they voted for trump. His promises to rural counties about jobs. All the rich people live in resorts about 2 weeks in summer then gone.
I'm middle class and don't really have the money for it but I still donate to charity. I believe in helping the poor. I like my tax dollars helping them.
Lawrence Katz, the Elisabeth Allison Professor of Economics in Harvard’s Faculty of Arts and Sciences (FAS), says the most damaging aspects of the gap between the top 1 percent of Americans and everyone else involve the increasing economic and political power that the very rich wield over society, along with a growing educational divide, and escalating social segregation in which the elites live in literal and figurative gated communities.
If the rate of economic mobility — the ability of people to improve their economic station — was higher, he says, our growing income disparity might not be such a problem. “But what we have been seeing is rising inequality with stagnant mobility, which means that the consequences of where you start out, whether it’s in a poor neighborhood, whether it’s from a single-parent household, are more consequential today than in the past. Your ZIP code and the exact characteristics of your parents seem to matter more,” said Katz. “And that’s quite disturbing.”
The U.S. government does “considerably less” than comparable democracies to even out disposable family incomes, Jencks says. And current state and local tax policies “actually increase income inequality.”
“All the costs and risks of capitalism seem to have been shifted largely to those who work rather than those who invest,” he said. Compounding the economic imbalance is the unlikely prospect that those at the bottom can ever improve their lot.
“We have some of the lowest rates of upward mobility of any developed country in the world,” said Nathaniel Hendren, an associate professor of economics at FAS who has studied intergenerational mobility and how inequality transmits across generations.
originally posted by: MOMof3
a reply to: Edumakated
The “resorts” are cabins they own and fly into for 2 weeks. This isn’t like the east. These are just a had full of anglers and hunters. The town people don’t even see them because their property is inaccessibile. People work in the blue state of wa because it doesn’t have income tax. The red state of Idaho does with high property taxes compared to wages and bad roads.
Graduate psychology student Felix Warneken not only tests toddlers' altruism, he also tests their patience. To determine their willingness to help him out, he has devised experiments in which he drops an object on the floor as many as 15 times and then watches as the toddlers hand it to him again and again.
The old idea was that we're born purely selfish and become helpful, prosocial beings through moral education and other socialization processes, says Warneken, a doctoral student in the department of developmental and comparative psychology at the Max Planck Institute for Evolutionary Anthropology in Leipzig, Germany. "It rather seems to be the case," he explains, "that selfish and altruistic motives are there from the beginning in competition with each other, but we can build upon those altruistic, prosocial tendencies."
Warneken is part of a cadre of researchers studying altruism in children. They're examining inborn altruism and exploring external forces, such as parental role modeling, that have an impact on children's altruistic behavior. They're also studying explicit efforts to foster altruism in children, such as classrooms that emphasize cooperation rather than competition and school programs that require students to give back to their communities..
originally posted by: AboveBoard
a reply to: Grambler
The issue is NOT "hatred of the rich" or "despising the poor" but it IS "class warfare" - of the RICH against EVERYONE ELSE.
That is the concern over "income inequality" and the vast amounts raked in by a tiny majority that seems insatiable to the point of destructive madness.
Income Inequality Study - Harvard
Lawrence Katz, the Elisabeth Allison Professor of Economics in Harvard’s Faculty of Arts and Sciences (FAS), says the most damaging aspects of the gap between the top 1 percent of Americans and everyone else involve the increasing economic and political power that the very rich wield over society, along with a growing educational divide, and escalating social segregation in which the elites live in literal and figurative gated communities.
If the rate of economic mobility — the ability of people to improve their economic station — was higher, he says, our growing income disparity might not be such a problem. “But what we have been seeing is rising inequality with stagnant mobility, which means that the consequences of where you start out, whether it’s in a poor neighborhood, whether it’s from a single-parent household, are more consequential today than in the past. Your ZIP code and the exact characteristics of your parents seem to matter more,” said Katz. “And that’s quite disturbing.”
And this:
The U.S. government does “considerably less” than comparable democracies to even out disposable family incomes, Jencks says. And current state and local tax policies “actually increase income inequality.”
“All the costs and risks of capitalism seem to have been shifted largely to those who work rather than those who invest,” he said. Compounding the economic imbalance is the unlikely prospect that those at the bottom can ever improve their lot.
“We have some of the lowest rates of upward mobility of any developed country in the world,” said Nathaniel Hendren, an associate professor of economics at FAS who has studied intergenerational mobility and how inequality transmits across generations.
So this really isn't hatred towards out of touch "let them eat cake" rich people, though there is frustration at the sheer cluelessness of some such individuals, but instead the educated realization that the more money that gets sucked up to the top 1% and beyond that, the ultra rich, the less our government and its policies are "for the people" and the more they are to benefit rich people, giving them a status that "trumps" the welfare of the nation and its future.
One might note that such vast income inequality seems to always, historically, proceed a major economic crash, which the wealthy can survive, but the middle class is left to clean up and suffer from. I'm not optimistic about the outcome of the current tax legislation.
When has there ever been a time that we didn't have income inequality? Further, what does income equality look like? Be specific.
The wealthiest 1 percent of American households own 40 percent of the country's wealth, according to a new paper by economist Edward N. Wolff.
That share is higher than it has been at any point since at least 1962, according to Wolff's data, which comes from the federal Survey of Consumer Finances.
From 2013, the share of wealth owned by the 1 percent shot up by nearly three percentage points.
Wealth owned by the bottom 90 percent, meanwhile, fell over the same period.
Today, the top 1 percent of households own more wealth than the bottom 90 percent combined. That gap, between the ultrawealthy and everyone else, has only become wider in the past several decades.