Who Owns America's Wealth?
D Peter Maus wrote:
Dave wrote:
D Peter Maus wrote:
Dave wrote:
D Peter Maus wrote:
Milton Friedman says that tax cuts are the only way to jump start
an economy.
Milton Friedman is Satan. Tax cuts for the rich benefit the rich.
Tax cuts for the rich are a myth. Tax cuts are tax cuts. If only the
rich are paying taxes, only the rich will experience the cuts.
You can't have a reduction in tax payments if you aren't making them.
Nothing trickles down.
Yeah? Your have a job?
Poor people do not create employment.
Worker productivity up, worker compensation down.
Hmmm....the middle class average income is up. Wealthy class has
expanded due to middle class families moving up.
How much capital investment by poor people have made that possible?
And when was it that the minimum wage went down. I must have missed that.
That ain't how the USA is supposed to work. We are being bled dry.
By whom? Those that take money from me and give it to you?
Yes, I agree.
Consider this...since 1964, we've spent $6 1/2 TRILLION in the 'War on
Poverty.' All of it tax money taken from the earnings of those working.
That's 7 figures for every man woman and child THAT"S EVER LIVED in
North America.
And yet...there are still poor people.
Hmmmm...
Do you think it might be because you can't change the economic status
of a poor person by giving them money? One of the reasons they're poor,
is because THEY DON"T KNOW WHAT TO DO WITH MONEY.
Hand a two people each a dollar and one will spend it. The other will
spend some of it, and turn the rest over to generate another dollar.
Which one becomes rich and which becomes poor? The one who spent his
dollar does not have a right to expect someone to take the other guy's
profits and give them to him.
The only thing that will reduce poverty in the US, is education and
opportunity. Education, we've ****ed up beyond all recognition.
Opportunity....well that has to be TAKEN. That never changes. Meaning
someone who wants to change his situation has to take the opportunity
and do what it takes.
What we need to do in Education is to teach that we have to TAKE THE
OPPORTUNITY AND DO THE WORK.
Sheesh.....
You can't change your situation by waiting for someone to hand you money.
A co-worker of mine, in 1995, won the Illinois lottery. Should have
been set for life. Everyone told him to invest the money to build
wealth. Not knowing what to do with money, and being unwilling to give
any of it to someone, like a financial planner, to help him, he was
broke in less than a year.
I could have retired on his winnings, and supported everyone in my
neighborhood. Matt...well...he's still living in a cold water walkup
driving a 20 year old Oldsmobile. Earning minimum wage.
That's not the fault of the rich.
I work for 3 millionaires. They are very generous.
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