Gap keeps growing between rich, poor
A new study recently release by the Institute on Taxation and Economic Policy tells us something that you likely already know. But, here goes.
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Boy, thank you for the article! One thing for sure, I’LL NEVER VOTE FOR A DEMOCRAT POLITICIAN AGAIN! They are calling for tax heights on everyone right now to fund their universal health care that will bankrupt our economy! What a bunch of idiots! Thank God for President Trump’s tax relief to all US citizens who pay taxes, and his planned 10% tax cut targeted to the middle class that is coming soon! The gap in income is shrinking now!!
There is no evidence of any planning for any 10% tax cut and there is no evidence of middle easterners in the caravan. These are simply throw away lines to get the Republic Party base to vote!
Obviously the solution is to cut taxes on the rich. If the rich paid less taxes, the HGEA would not be able to create as many ‘positions’. With fewer ‘positions’, the HGEA would not have personnel to handle all the tax returns filed by poor people, thus eliminating the need to tax them. Taxes on the poor could then be zeroed out.
Thank you, Bernie Sanders, for your point of view. Yes, we should do away with all incentive to improve oneself and make it so that everyone makes exactly the same amount of money regardless of talent, skills, knowledge, experience, work ethic (if any) or dedication to advancement…or lack thereof. So why waste time finishing high school or contemplating college. It won’t make a difference in your standard of living. The State should take ALL earnings and divide them up according to the whims of our elected officials as Bernie wants. I’ve been to Cuba and seen how that works. Even the poorest street sandwich-maker pays 50% of his/her revenue (off the top) in taxes. Tobacco growers pay 90% of their sales to the government. Now that’s a sales tax for you. Yet in all the time since the Cuban revolution, these outrageous taxes have done nothing to lift the Cuban people out of poverty. It all goes into the pockets of government officials. Yes, poverty for all is only fair and it makes sure that no one has anything more than anyone else…even though they’ve earned it. Working for the government is the only way to get ahead because it doesn’t need to make a profit. It just reaches into the pockets of those who are productive and gives the money to the slackers. So why work for anything? Let’s live on the beach and party!
Using the mean spirited “Strict Father” approach of the Republic Party, whereby the less successful people and countries are to be disrespected as erring children, the rich deserve to get more and should always be rewarded for being rich and successful. If you agree, then you should join the Republic Party!
@ gordon oswald:
I think we’re all well aware by now that you won’t be voting Democrat, however to assume that Universal Healthcare will bankrupt the economy is, in typical Republican style, stretching it. BTW, it’s important to note that Universal Health Care premiums are based on income = not free for all.
“According to a newly published United States Department of Defense “cost of war” report, U.S. taxpayers have shelled out $1.46 trillion for war since September 11, 2001, when the War on Terror began. This amounts to around $250 million per day. As the report notes, nearly $1.3 trillion of the total cost spent on the Iraq and Afghanistan wars alone. On top of this, continuing operations in Afghanistan and the U.S.-led air campaign in Iraq and Syria has totaled $120 billion.
In July, the House of Representatives approved $696.5 billion in defense spending, which includes a base budget of $621.5 billion and $75 billion in ‘Overseas Contingency Operations dollars’, commonly referred to as ‘war money’. Conversely, the Senate passed a $640 billion base defense budget with a $60 billion allocation for war money. Both versions of the budget well exceed the Trump administration’s proposal, making this defense budget, by far, the largest defense budget in U.S. history.”
Yet, according to you > subsidized medical insurance premiums for low & modest income earners will bankrupt us. Good one G.O.
“War money” is also spent on many poor young people who join the military and come out with some training and education – SKILLS – when they had almost nothing from their own families.
The military is a HUGE EDUCATIONAL SYSTEM and those in the military can help the nation in TWO WAYS – our defense if needed and by being well-disciplined citizens who don’t usually have a big chip on their shoulder like some liberals.
My brother went into the service at 18 and came out much more confident as they wanted to make him an officer. He went to college with a renewed sense of confidence he didn’t get from my father – and ended up with a Master’s degree and a professional job.
As for the poor – they don’t pay taxes – if they are on welfare. It isn’t their money – but something given to them and if you are too poor in Hawaii, you can move on – there is nothing promised you just because you are born in a place. The Hawaiians MOVED to Hawaii and poor Europeans moved out of Europe, too.
Don’t sit and whine.
The French taxed the wealthy too much and they moved away. Then the poor were sadder, because everyone became poorer. Stop dwelling on what someone else has! Money doesn’t even buy happiness – remember that?