America's wealth distribution is wrong: Do the wealthy get all the breaks?

Asked by: GWL-CPA
  • How Unequal We Are: The Top 5 Facts You Should Know About The Wealthiest One Percent Of Americans

    This article is over a year old, but still true; and it is getting worse.
    "As the ongoing occupation of Wall Street by hundreds of protesters enters its third week — and as protests spread to other cities such as Boston and Los Angeles — demonstrators have endorsed a new slogan: “We are the 99 percent.” This slogan refers an economic struggle between 99 percent of Americans and the richest one percent of Americans, who are increasingly accumulating a greater share of the national wealth to the detriment of the middle class."
    The old adage that it take money to make money may not be totally correct; but, it sure helps. Since most of the wealth in American is in the hands of the top 10%, mainly the top 1%. The 99% don't stand a chance.
    The wealthy, the Plutocracy control the means of production and the labor market and the price that is paid for labor. If labor cost to much in America, they outsource jobs (over 20 million) to third world toilets. And, our Congress representatives do nothing to stop it.
    Most of our Congress members are crooked wealthy criminals too. They own stock in all these corporations that have outsourced over 20 millions jobs and get hundreds of thousands in dividends and campaign contributions from those corporations.
    America's political system is broken; and, the only party wanting to fixed it correctly right now are the Democrats.
    If that does not work, it will take a revolution to kick the wealthy out and take back America for the majority.
    We needs laws that make it illegal to have any job outsourced to other countries that forced all companies that have outsourced jobs to bring those jobs back to America now. If not, the Federal Government takes ownership of those companies/corporations on eminent domain, and brings over 20 million jobs back to America.
    Laws needs to be enacted whereby no more work visas can be issued in there are unemployed Americans who can do those jobs or no company may hire anyone from a foreign country if there are unemployed Americans that can do those jobs. And, this must be proven to a Federal Labor agency. So if Bill Gates wants more programmers from India, he need to prove that he tried to hire unemployed Americans and that he could not find any; and that must be document and proven to the Federal Agency. Companies that fail to do this should be fined billions and those they hired kicked out of America.
    No American should have to pay more than 5% of their adjusted gross income for 100% medical, dental, and vision insurance coverage, which means we need Universal Health Care.

  • It's in Statistics.

    Using the Tax Bracket System we have, everyone is taxes equally based on wealth. You enter higher brackets as your pay increases. The Wealthy have a lot of deductions and tax cuts, but NONE of them are for being wealthy. They get the same cuts we can get, for donations, liability, etc... All poorer people use these too... So much so that 47% of the poor don't even pay income tax (yes, that statistic IS real.) While virtually all wealthy still pay something.

  • Depends what you mean by "wrong".

    Things are as they would naturally occur. What you're proposing is a socialist (and I don't mean to add any connotations positive or negative) system of your own personal belief of how to balance morality by forcing and limiting the freedom of some individuals for the economic benefit of other individuals. If that was an incorrect summary, please say so. As for Congress (and the President, you're a fool if you think Democrats don't play for the same team as Republicans), being corrupt, that is obviously wrong as they are to represent their constituents, WHILE AT THE SAME TIME upholding the Constitution and individual liberties. The question is, which is more important: Individual Liberties or Benefit of Larger Number of People?

  • No, Socialism will only benefit those already rich

    No this isn't true but anyone trying to use this to turn America into a socialist society needs to know that a majority of rich people support socialism cause they know it benefits them.
    A list of American billionaires who support socialism and communism (many more but couldn't fit the whole lists)
    George Soros, Bill Gates, Zuckerberg, Michael Bloomberg, Warren Buffett, Oprah, Paul Allen, Steve Ballmer, Thomas Steyer, James Simmons, Haim Saban, David Shaw, Steven Speilberg, Thomas Tull, Alice Walton, S. Daniel Abraham, Jay Robert (J.B.) Pritzker, Sheryl Sandberg, Marc Benioff Jon and Pat Stryker

  • Depends on what "breaks" you're talking about.

    If the question is regarding tax breaks, then possibly. However, I believe the wealthiest have more stress and worry than those that live a simple moderate life. Besides, they are not free from the human curse of sickness and death, and they can't bring their money with them when they die. In addition, who says the distribution is wrong?

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