Obama's income inequality scam

Discussion in 'Too Hot for Swamp Gas' started by PSGator66, Apr 25, 2014.

  1. PSGator66
    Offline

    PSGator66 Well-Known Member

    Joined:
    Apr 29, 2011
    Messages:
    6,345
    Likes Received:
    165
    Trophy Points:
    63
    Ratings Received:
    +724
    • Winner Winner x 1
  2. Sohogator
    Offline

    Sohogator Premium Member

    Joined:
    Aug 22, 2012
    Messages:
    861
    Likes Received:
    57
    Trophy Points:
    28
    Ratings Received:
    +574
    To be fair he proposed higher taxes on the rich that was curb stomped by the GOP.
    • Agree Agree x 1
    • Winner Winner x 1
  3. wgbgator
    Offline

    wgbgator Sub-optimal Poster Premium Member

    Joined:
    Apr 19, 2007
    Messages:
    23,165
    Likes Received:
    408
    Trophy Points:
    83
    Location:
    Orlando, FL
    Ratings Received:
    +1,722
    Probably because he can look at data prior to 2009 (because life didnt start then) and see that there has been a long standing trend, not a sudden occurence.
  4. MichiGator2002
    Online

    MichiGator2002 VIP Member

    Joined:
    Apr 3, 2007
    Messages:
    16,171
    Likes Received:
    495
    Trophy Points:
    83
    Ratings Received:
    +2,331
    Thankfully - have to mitigate the unqualified damage liberalism causes somehow, after all.

    Income inequality is meaningless, valid demagoguery. The second someone brings it up as a crisis, it is the greenlight to not take them seriously on politics or economics.

    Unless it is proven that we have effort equality, and talent equality, income inequality isn't worthy of concern. In a free and functioning society where there are gaps in effort and gaps in talent, the ability to make smart or bad choices, income inequality is a natural fact of life.
    • Winner Winner x 2
    • Like Like x 1
    • Disagree Disagree x 1
  5. gatorman_07732
    Online

    gatorman_07732 Well-Known Member

    Joined:
    Jun 17, 2007
    Messages:
    31,287
    Likes Received:
    2,251
    Trophy Points:
    113
    Location:
    The Irish Riviera
    Ratings Received:
    +4,308
    Actually, I don't think it's the governments job to do anything about inequality but is has in fact increase under Obama. Factual data can back up that in 2012 income inequality in the U.S. has been the greatest since the 1920's.
  6. Sohogator
    Offline

    Sohogator Premium Member

    Joined:
    Aug 22, 2012
    Messages:
    861
    Likes Received:
    57
    Trophy Points:
    28
    Ratings Received:
    +574
    I am less concerned about income inequity than wealth inequity. Hence my reasonable proposal for a tax on wealth.
  7. Sohogator
    Offline

    Sohogator Premium Member

    Joined:
    Aug 22, 2012
    Messages:
    861
    Likes Received:
    57
    Trophy Points:
    28
    Ratings Received:
    +574
    It will continue as long as their is no tax on wealth.
  8. fredsanford
    Offline

    fredsanford VIP Member

    Joined:
    Dec 1, 2008
    Messages:
    12,080
    Likes Received:
    199
    Trophy Points:
    63
    Ratings Received:
    +1,400
    Good luck making THAT happen.
    • Funny Funny x 1
  9. mdgator05
    Offline

    mdgator05 Premium Member

    Joined:
    Dec 9, 2010
    Messages:
    6,747
    Likes Received:
    195
    Trophy Points:
    63
    Ratings Received:
    +700
    Except of course, that the cause of the current income inequality is not because lower income people are unproductive. In fact, they are far more productive than they used to be, when their income stopped growing. The issue is a supply and demand issue on labor, and a refusal to deal with that issue by either of the parties except to complain about it.

    Labor markets are not as attractive a position for economic mobility as they once were due to increased supply and decreased demand of labor. Capital markets are where this economy outputs its gains. So currently, if you don't have resources to extract money from capital markets, you are in more trouble than you would have been 30-40 years ago. So what results is that people with effective amounts of resources by which to extract gains from the capital markets do better, those without those resources have to compete with additional labor, causing them to do worse, and income inequality increases. Now the question is, should the decline in mobility due to the shift to the more capital based market be a cause for concern/something that needs to be dealt with at some level.
    • Winner Winner x 2
  10. MichiGator2002
    Online

    MichiGator2002 VIP Member

    Joined:
    Apr 3, 2007
    Messages:
    16,171
    Likes Received:
    495
    Trophy Points:
    83
    Ratings Received:
    +2,331
    Taxes on wealth are per se unreasonable. Just small people grabbing at what others have; pure and venal envy. In a just society, let alone a free one, individuals have the right to profit from the fruit of their labor.
    • Agree Agree x 2
    • Disagree Disagree x 1
    • Winner Winner x 1
  11. gatorman_07732
    Online

    gatorman_07732 Well-Known Member

    Joined:
    Jun 17, 2007
    Messages:
    31,287
    Likes Received:
    2,251
    Trophy Points:
    113
    Location:
    The Irish Riviera
    Ratings Received:
    +4,308
    Wasn't this the President's pet peeve coming into office in 2008? Wasn't this something that he wanted to rectify? In fact this has been the lefts crusade for as long as I can remember and it has only got worse in the last 6 years.
  12. gatorbronco
    Offline

    gatorbronco Member

    Joined:
    Mar 3, 2008
    Messages:
    633
    Likes Received:
    14
    Trophy Points:
    18
    Location:
    Jacksonville, Mcall, Idaho
    Ratings Received:
    +44
    The supply of labor will continue to go up, as those not currently looking for work will start doing as the economy improves.
  13. PSGator66
    Offline

    PSGator66 Well-Known Member

    Joined:
    Apr 29, 2011
    Messages:
    6,345
    Likes Received:
    165
    Trophy Points:
    63
    Ratings Received:
    +724
    Ok libs - please enlighten us with what is false about this column? It is factually correct even if you don't like what it says. Just like David Gregory - you likely need a pyschologist to inform you that liberalism is a mental illness.
  14. mdgator05
    Offline

    mdgator05 Premium Member

    Joined:
    Dec 9, 2010
    Messages:
    6,747
    Likes Received:
    195
    Trophy Points:
    63
    Ratings Received:
    +700
    If you are looking for something above the partisan ridiculousness on income inequality, here is a terrific article outlining some of the basics of the research that has been done on the topic of how automation is changing the demand for labor as written by two great researchers from MIT. The change in labor supply should be fairly self-evident due to globalization.

    http://www.theatlantic.com/business...war-against-machines/247278/?single_page=true

    They basically break it down into three major dichotomies: High- and low-skilled labor, superstars versus non-superstars, and capital versus labor. Fascinating stuff all around with the added bonus of being probably the biggest economic issue (or at least in the top 2) of the world economy as we move further into the 21st Century.
    • Informative Informative x 2
  15. gatorman_07732
    Online

    gatorman_07732 Well-Known Member

    Joined:
    Jun 17, 2007
    Messages:
    31,287
    Likes Received:
    2,251
    Trophy Points:
    113
    Location:
    The Irish Riviera
    Ratings Received:
    +4,308
    But the argument is it's got worse.
  16. Sohogator
    Offline

    Sohogator Premium Member

    Joined:
    Aug 22, 2012
    Messages:
    861
    Likes Received:
    57
    Trophy Points:
    28
    Ratings Received:
    +574
    Yeah when the rich have a strangle hold on economic and political power that's what happens. It will continue to accelerate until finally we have riots on the streets.
  17. harwil
    Offline

    harwil Premium Member

    Joined:
    Apr 16, 2007
    Messages:
    1,765
    Likes Received:
    27
    Trophy Points:
    48
    Ratings Received:
    +145
    Uh, not quite .The top bracket was lowered ;there was a Medicare tax imposed on investment income and the limit on Charitable deductions was lowered.
    • Winner Winner x 1
  18. cjgator76
    Offline

    cjgator76 Well-Known Member

    Joined:
    Apr 9, 2007
    Messages:
    17,253
    Likes Received:
    66
    Trophy Points:
    48
    Ratings Received:
    +427
    And it will be a crusade for as long as any of us lives and beyond, no matter what the numbers do. It's like " fairness" - a problem that can never be "fixed" and thus a handy perpetual rallying cry.
  19. harwil
    Offline

    harwil Premium Member

    Joined:
    Apr 16, 2007
    Messages:
    1,765
    Likes Received:
    27
    Trophy Points:
    48
    Ratings Received:
    +145
    Wealth tax and cappysocialism.Sounds like you've been reading reviews of Piketty's tome
    • Disagree Disagree x 1
  20. gatorman_07732
    Online

    gatorman_07732 Well-Known Member

    Joined:
    Jun 17, 2007
    Messages:
    31,287
    Likes Received:
    2,251
    Trophy Points:
    113
    Location:
    The Irish Riviera
    Ratings Received:
    +4,308
    No question about it. It will be a political rallying cry as long as there are people on this earth.

Share This Page