View Single Post
  #8   Report Post  
Old August 2nd 10, 09:04 AM posted to rec.radio.shortwave,alt.news-media,alt.fan.rush-limbaugh,alt.politics.economics,alt.politics.liberalism
RHF RHF is offline
external usenet poster
 
First recorded activity by RadioBanter: Jun 2006
Posts: 8,652
Default Tax Burden of Top 1% Now Exceeds That of Bottom 95% - COMBINED!

On Aug 1, 5:24*pm, wrote:
On Sun, 1 Aug 2010 11:54:54 -0700 (PDT), ?baMa? Tse Dung



wrote:
On Jul 31, 9:15*pm, wrote:
On Sat, 31 Jul 2010 16:57:17 -0700 (PDT), ?baMa? Tse Dung


wrote:
Mr. Dionne’s view of “undertaxed” is odd. *The IRS reports that in
2007 (the latest year for which data are available) the top 1 percent
of taxpayers in the U.S. paid 40.4 percent of the total income taxes
collected by Uncle Sam.


However, they own 90% of all the wealth. *


Also, their contributions stop at less than 1% of their total income
to SS, and the tax code makes it possible for them to pay nearly
nothing.


They contribute nothing of value to the Nation, provide no military
service, can buy their way out of most everything, afford anything


This income disparity of which you point to is not a result of
Capitalism.


- It is. *Money is generated by market forces----and IF unregulated
and
- unrestricted will ONLY do what is best for a return of
- profit----INDEPENDENT of what society requires.

-so- "Money is generated by market forces"

In a Communist Society ruled by a Cadre of {Elite}
Communist Leaders : What Are The Market Forces ?

On the contrary! *It is the result of ever increasing government
interference in free market capitalism.


The history of "less government" is STANDARD reading for anyone above
the age of 12---in High schools (or used to be) and certainly in
college dealing with turn of the 20th century society in American.

Various books have been written about the squalor, exploitation,
misery, filth, disease, and outright abuse of people by the business
and wealth class in the early part of the 20th century (after 1860
orso)

If this interference is allowed to continue, and God forbid increase,
it will result in far more disastrous consequences which are not so
far off on the economic horizon.


Once again--read history

Detroit and Chicago are well on this path.


Major Urban centers do not fare well when Conservative/loonytarian
government rears it's ugly head. *That's a historical fact.

Here is what is happening thanks to an ever increasing Socialist Creep
of government influence and regulations of the U.S. economy.


You need to look up the difference between "socialism" and "social
policy" *Both use the same word---in different meanings.

I post the following for study as an example of the increasing rate of
Socialism's detrimental creep into our economy.


I post laughter at your loony crap

A capitalist marketplace is a sort of Darwinian organism, evolved
through natural selection as the fittest way to satisfy our needs.


CHristsakes

Do you know how many years social darwinism has been discredited as a
theory?