@tomsdesk said:
Alinsky: thank for the heads-up, sounds like someone interesting to read...and kuddos to Obama for studying him!
Kudos for studying a Machiavellian? Horse puckey (to quote you). If you really think that the ends justify the means, then you have absolutely no business complaining about anything you've complained about or mentioned so far, and you have no business saying anything else about the campaign, period. In fact, if you really believe that, you should applaud any smear tactic against Obama OR McCain as an embodiment of that philosophy.
That is, unless you intend to claim hypocrisy...
@schreiberbike said:
Would you believe that the 400 richest American families have more wealth than the the bottom half of American families put together. Is this healthy? Inequality has never been this high before. The last time it was close was the year before the great depression. Could there be a connection?
Full image here: http://www.thenation.com/special/images/extreme_inequalitychart.jpg
There's no connection, and it's irresponsible (though not unexpected) for The Nation to claim one. Charts like that are only good for class warfare hysteria to support socialist ideologies of income redistribution. To analyze the graph, note how much the ratio dropped after the 1929 crash, despite an unchanged tax rate combined with 25% unemployment. As unemployment exploded, the ratio should have climbed - unless the super-rich were losing disproportionately more income than the poor were, and with the losses went the means for providing jobs. If the claim were accurate, then the Depression should have ended around 1932, once the ratio got back to "normal".
No, the only connection between then and now is that average people (not the super-rich) were overextended on debt-to-income. The question is how they got overextended. The [url=http://www.lewrockwell.com/suprynowicz/suprynowicz95.html:212zuz9f]current answer[/url:212zuz9f] is liberal social policy, specifically the Community Reinvestment Act of 1977, pushed by a Democrat-controlled Congress and signed by a Democrat President, then broadly expanded by another Democrat President in 1995 - forcing lenders to approve large numbers of subprime loans (loans to people without the demonstrable means of paying back). This was exacerbated by Democrats stonewalling regulatory efforts throughout the first half of this decade that might have lessened the impact we are seeing now.
The problem is (generally) left-leaning politicians who think "economic growth" is higher taxes and massive government spending. It makes little sense for the fed to take money, filter it through a fed bureaucracy that doles it back out to state bureaucracies who then put it to work back where it came from, resulting in only a fraction of each dollar actually doing anything where that dollar originated. We as a society have become so entitlement-minded, thinking the government owes us handouts, that we forget it was the money we earned in the first place that is getting filtered back to us at a loss. I'm not giving a pass to Republicans, either, some of whom (especially G W Bush) have adopted the same "money is the answer" mentality.
@solo said:
um... If indeed Obama does win it will be the first time you 'pick up some slack' as currently you pay proportionately less taxes and the poor and middle class carry you thanks to Bush's tax cut for the rich.
That was a thoroughly uninformed statement. See [url=http://www.irs.gov/pub/irs-soi/05in05tr.xls:212zuz9f]the IRS data[/url:212zuz9f] on who is paying how much of the taxes, from 1986 to present, then get back with us on who's carrying whom.
@dcke88 said:
i know i am a newbie here, but under Obama's plan, why is my family being penalized for making more money?
FYI - my wife is the one who's job pushes us into the higher tax bracket.
It's not a penalty, it's an involuntary opportunity for you to be more patriotic. At least, that's the word according to Joe Biden.
@solo said:
WTF is up with all this marxist, communist, socialist talk, missing the cold war? need another McCarthy era?
We all remember (and are taught) the evils of the fascist Nazi Party in Germany during the 1930s-40s, but we seem to gloss over (or forget, or be ignorant of) the evils of communism/socialism. The fascists killed about 10 million in the 20th century - the communists killed about 100 million. Just for that reason alone, we should be much more seriously concerned about communism than we are. Paul Kengor had [url=http://www.americanthinker.com/2008/10/why_obamas_communist_connectio.html:212zuz9f]this to say[/url:212zuz9f] about it.
@unknownuser said:
The culture of greed has been allowed to progress to the point that the wealthy literally have more money than they know what to do with. They certainly are not trickling it down. And if the tax laws allow them to keep more of it than they are not pulling their proportionate share of the cart.
With all due respect: First, please check the IRS data for who is paying the bulk of the income taxes. Second, I'll agree that some of them probably have more money than they know what to do with (Paris Hilton comes to mind, who clearly has more dollars than sense), but many of them give away a considerable amount of money through foundations and charities, invest in enterprises that create jobs, and buy stuff (tons of stuff!), thus sending the money back into the economy. Trickling? Probably not. More like "pouring". And more and more families are getting "rich" (breaking the $250,000 bracket), too - through hard work, perseverance, and an entrepreneurial spirit, more are in the top tax bracket than 20 years ago, pouring more money into taxes. Yes, the rich are getting richer, but at the same time, more people are getting "rich" - and not by inheriting it.
Also, the "culture of greed" doesn't apply only to the rich - if it weren't for greed and envy, there would be no discussion of income redistribution.