Income Inequality

Posted by: Teaparty1

For those who consider income inequality a significant problem, how equal would you like income to be?

Vote
4 Total Votes
1

Everybody should make within 20 million dollars of each other

3 votes
0 comments
2

Nobody should make more than 5 million dollars

1 vote
0 comments
3

Everybody should make within 2 million dollars of eatch other

0 votes
0 comments
4

Nobody should be allowed more than one yacht

0 votes
0 comments
5

Nobody should have a savings of more than 80 million dollars

0 votes
0 comments
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(Maximum 900 words)
TBR says2015-08-09T19:34:52.0078465Z
This poll shows more about the misunderstanding of the issue from the author than the issue at hand.
Teaparty1 says2015-08-09T19:37:11.4883406Z
How do you want to address income inequality, TBR?
Teaparty1 says2015-08-09T19:41:37.0488429Z
Fill me in on the issue...
TBR says2015-08-09T19:41:47.1503970Z
Well lets start by seeing if we agree it is an issue. I would say it is. Our country has been measurable "better" when income inequality is lower. We, at this point, are near historic highs in inequality. This imbalance is bad for capitalism, innovation, societal health, almost every metric I can think of. Do we agree that this is an issue?
Teaparty1 says2015-08-09T19:45:33.6555596Z
Actually I am not 100% sure. I could see how it is bad for the economy, having massive inequality like you said. The problem is it doesn't seem right to me for the government to seize people's assets because they made too much.
TBR says2015-08-09T19:50:54.4872162Z
Well, that we have room to discuss. This article may be of interest to you http://www.nytimes.com/2015/08/09/opinion/sunday/capitalists-arise-we-need-to-deal-with-income-inequality.html?_r=0
Teaparty1 says2015-08-09T19:52:12.3317152Z
I think a good step towards a stronger middle class is to encourage businesses to grow and hire more. The millions and millions of people right now on food stamps, assistance, etc. need jobs. It seems like redistributing wealth from the top to the bottom is a very temporary fix.
TBR says2015-08-09T19:53:54.7078608Z
Well, its not all about funding food-stamps. Look, hoarded wealth does not make innovation. It does not drive capitalism, not in the way anyone would think is a positive way.
Teaparty1 says2015-08-09T19:54:01.4856149Z
Do you agree that the ACA is bad for economic growth in the sense that it discourages businesses from expanding and causes some to cut down on employees or employee's hours?
Teaparty1 says2015-08-09T19:55:24.2285453Z
Somethings off with the timing of these comments.
TBR says2015-08-09T19:56:39.5853177Z
@Teaparty1 - Not entirely. Look, we, the liberals, were pushing for single-payer. We will get there. That would be a HUGE thing for private companies. They would be completely removed from question of health care. It has always been a unnecessary burden to connect healthcare and employment.
Teaparty1 says2015-08-09T19:58:06.2667840Z
Yes I agree that hoarded wealth benefits no one but the owner. But redistributing that wealth doesn't help much either.
Discipulus_Didicit says2015-08-09T20:03:55.6622237Z
It's not just an economic issue TBR, but a moral one as well.
TBR says2015-08-09T20:05:03.0005447Z
Redistributing it does. One of the issues, addressed in the article I linked, is that the case system created by wealth inequality suppresses the very engine of capitalism, innovation.
TBR says2015-08-09T20:08:06.4889209Z
Lets say we did tax higher. The top of the scale is out of whack with the top of income. So, if we were to do that, say we could afford to provide an investment in education (investment is the right word too, not "freebe"). We provide all our citizens with higher education that they are capable of achieving. That is one hell of a good way to help our entire country and entire populous.
Teaparty1 says2015-08-09T20:14:20.8133204Z
Can you explain how income inequality suppresses innovation?
Teaparty1 says2015-08-09T20:14:50.0167076Z
Or wealth inequality
Teaparty1 says2015-08-09T20:17:54.5346904Z
When it comes down to it, there's gotta be a reason why the US had such an explosive economic and militarily growth in our short history. We have a high standard of living also. It wasn't the government that made it grow, and it wasn't by taking away peoples money
TBR says2015-08-09T20:25:19.8707451Z
Entrepreneurship is harmed (made much more difficult) in this hyper unequal environment. Innovation happens from the ground up. Read the article I linked to, most will dismiss what I or any other liberal will say about it. You should hear it from the uber-capitalists who see this as a huge issue too.
Teaparty1 says2015-08-09T20:30:30.4604467Z
Okaaaaayyyy, ill read it.
bballcrook21 says2015-08-09T21:46:54.3314303Z
In the end, we can tie all of this back to willpower. I consider willpower to be the strongest and most fortunate human trait. We have a horrible education system, that was perpetrated by our illustrious liberals. Our education system is a complete liberal indoctrination, and it raises people to feel dependent on government. Dependency and sympathy are the worst human traits. Income inequality will always occur, and to use legislation to combat it would be a direct violation of the inalienable right to property. Our middle class is shrinking drastically. We should lower taxes all around, cut off all useless government spending on non-necessities, and then create a more rewarding education system. Also, you state income inequality. In every nation, there is income inequality. One man makes 150,000 and another makes 125,000 - that is income inequality. On the other hand, there is wealth disparity, where few control most, and most control few. That is the overall outcome of Capitalism, and it should stay that way, for in division and distribution of capital there is an overall weakness. We would end this problem if we removed most liberals from office, lowered taxes and created a flat tax, abolish or at least make a federal minimum wage, and then allow people to do their business. We have so much legislation that makes it hard to work here. Remove all that legislation, and the middle class will come back.
the44thking says2015-08-20T23:13:09.0260282Z
I think that if you make over $5 million you should have to donate 5% of your income to charity

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