When will Republicans learn the rich have gotten richer at their expense since Reagan

[Craig234]

Simple chart:

https://upload.wikimedia.org/wikiped...percentUSA.png

What it shows is that FDR started an improvement in the country, since when inequality was too high, reducing it by taxing the biggest incomes more.

As a result, the share of income going to the top 1% shrunk from nearly 25% to under 10% just before Reagan.

And that was great for the American people. That's when the middle class exploded - and we had all kinds of progress and businesses growing.

Were the rich horribly off, mistreated, with only 10% of the income? No, we still had rich people, we still had Wall Street, we still had CEO's, we still had mansions.

But it was a lot better for most Americans at sharing in the prosperity. People could buy a home and make a living for their family on one normal income.

Republicans, ask yourselves a question. What is the best share of income for the top 1%?

I'll wait a moment. OK, you didn't answer, just sputtering about some ideology that we shouldn't care or something.

But as their share goes up - 5%, to 10%, to 15%, 20%, to 25% - by definition, that's all money from your (the American people's) pockets. That's your wages NOT going up. That's every dollar of real growth being taken by the top few.

And what do we have to show for the decades of the chart above of the rich taking so much more?

The answer is, nothing for the American people.

Not that much changed. No explosion of better companies with better products more than before. No benefits. Just the same type of companies, the same types of CEOs, but being paid far more. Their wages going from 25 times the average worker to up to 400 times the average worker. And guess where all that increase came from? Yes, by definition, the rest of society, the workers. The company made a lot more money, and it all went to the top. No trickle down in decades.

So what have you learned about having the rich skyrocket in wealth at the expense of the rest of society? You have learned that no, the rich getting a lot richer doesn't create some massive increase in higher growth. Not only was growth higher with the rich taking a smaller share, but then that higher growth was shared - now it's not. You have learned there is no 'trickle down'.

You have learned that the only thing the rich getting richer does is make the rich richer, at the expense of everyone else, that it LOWERS growth by diverting wealth away from the economy to be used and simply bids up the prices of companies and stocks instead of being in the hands of people to start companies or buy products. And don't forget to include our going from under $1 trillion in debt to over $20 trillion, because every dollar of the tax cuts for the rich since Reagan is added to debt.

That's the dirty little secret behind the policy, that makes the tax cuts for the rich seem like less problem than they are, because the American people aren't paying for them all now - they're just adding them to our debt. And the American people
are increasing their own debt to make up for all the lost share of income.

Look at this chart, the growth of debt before and after Reagan:

http://static6.businessinsider.com/i...27.03%20am.jpg

And for that matter, look at how our debt is increasing to others - how before Reagan, non-Americans owned a steady under 5% of our debt, but since Reagan it's increased to nearly 20%:

http://static3.businessinsider.com/i...29.04%20am.jpg

Republicans need to learn that the reduction of the taxes on the rich has been a scam with a heavy price for the American people, doing nothing but making the rich richer.

It's estimated that wages are about a third lower than they wold have been under the tax rates before Reagan. That's handing over trillions to the rich. It hurts growth and it's given our country a huge amount owed. And the interest on that debt is taken out of the American people's pockets - and future Americans' pockets.

There is no better economic policy we could do right now than raising taxes on the rich - preferably to the JFK-Carter rates - and we just did the opposite, cutting taxes on the rich and corporations $5 trillion more, paid for by slashing Medicaid and other benefits to the American people, and adding over $1 trillion more to the debt in the next decade.

Republican voters have been conned - to think of these tax cuts as helping them, to think that giving the rich more benefits them. A huge propaganda operation has sold them on the con. Pictures aren't lying here.

The rich should at least send these Republican voters who have handed over the wealth of the American people to the rich a thank you. But why?

[CFM]

Simple chart:

https://upload.wikimedia.org/wikiped...percentUSA.png

What it shows is that FDR started an improvement in the country, since when inequality was too high, reducing it by taxing the biggest incomes more.

As a result, the share of income going to the top 1% shrunk from nearly 25% to under 10% just before Reagan.

And that was great for the American people. That's when the middle class exploded - and we had all kinds of progress and businesses growing.

Were the rich horribly off, mistreated, with only 10% of the income? No, we still had rich people, we still had Wall Street, we still had CEO's, we still had mansions.

But it was a lot better for most Americans at sharing in the prosperity. People could buy a home and make a living for their family on one normal income.

Republicans, ask yourselves a question. What is the best share of income for the top 1%?

I'll wait a moment. OK, you didn't answer, just sputtering about some ideology that we shouldn't care or something.

But as their share goes up - 5%, to 10%, to 15%, 20%, to 25% - by definition, that's all money from your (the American people's) pockets. That's your wages NOT going up. That's every dollar of real growth being taken by the top few.

And what do we have to show for the decades of the chart above of the rich taking so much more?

The answer is, nothing for the American people.

Not that much changed. No explosion of better companies with better products more than before. No benefits. Just the same type of companies, the same types of CEOs, but being paid far more. Their wages going from 25 times the average worker to up to 400 times the average worker. And guess where all that increase came from? Yes, by definition, the rest of society, the workers. The company made a lot more money, and it all went to the top. No trickle down in decades.

So what have you learned about having the rich skyrocket in wealth at the expense of the rest of society? You have learned that no, the rich getting a lot richer doesn't create some massive increase in higher growth. Not only was growth higher with the rich taking a smaller share, but then that higher growth was shared - now it's not. You have learned there is no 'trickle down'.

You have learned that the only thing the rich getting richer does is make the rich richer, at the expense of everyone else, that it LOWERS growth by diverting wealth away from the economy to be used and simply bids up the prices of companies and stocks instead of being in the hands of people to start companies or buy products. And don't forget to include our going from under $1 trillion in debt to over $20 trillion, because every dollar of the tax cuts for the rich since Reagan is added to debt.

That's the dirty little secret behind the policy, that makes the tax cuts for the rich seem like less problem than they are, because the American people aren't paying for them all now - they're just adding them to our debt. And the American people
are increasing their own debt to make up for all the lost share of income.

Look at this chart, the growth of debt before and after Reagan:

http://static6.businessinsider.com/i...27.03%20am.jpg

And for that matter, look at how our debt is increasing to others - how before Reagan, non-Americans owned a steady under 5% of our debt, but since Reagan it's increased to nearly 20%:

http://static3.businessinsider.com/i...29.04%20am.jpg

Republicans need to learn that the reduction of the taxes on the rich has been a scam with a heavy price for the American people, doing nothing but making the rich richer.

It's estimated that wages are about a third lower than they wold have been under the tax rates before Reagan. That's handing over trillions to the rich. It hurts growth and it's given our country a huge amount owed. And the interest on that debt is taken out of the American people's pockets - and future Americans' pockets.

There is no better economic policy we could do right now than raising taxes on the rich - preferably to the JFK-Carter rates - and we just did the opposite, cutting taxes on the rich and corporations $5 trillion more, paid for by slashing Medicaid and other benefits to the American people, and adding over $1 trillion more to the debt in the next decade.

Republican voters have been conned - to think of these tax cuts as helping them, to think that giving the rich more benefits them. A huge propaganda operation has sold them on the con. Pictures aren't lying here.

The rich should at least send these Republican voters who have handed over the wealth of the American people to the rich a thank you. But why?

When will the Democrats learn that handing poor people someone else's money to the tune of $22 trillion in 50 years won't, as Johnson claimed it would, "cure it" nor "prevent it"?

[cawacko]

You make no reference to technology and its role in inequality. I guess it's strictly a political issue and nothing market driven about it?

[Craig234]

You make no reference to technology and its role in inequality. I guess it's strictly a political issue and nothing market driven about it?

That's a little like saying, 'so no German Jews were killed by anything other than the Holocaust?' Well, yes they were, but that doesn't change the issue. Yes, technology is another factor. That doesn't change the importance of the tax cut policies.

[cawacko]

That's a little like saying, 'so no German Jews were killed by anything other than the Holocaust?' Well, yes they were, but that doesn't change the issue. Yes, technology is another factor. That doesn't change the importance of the tax cut policies.

Unless you are going to try and stop future growth technology is the major driver. It has created astronomical wealth but along with globalization has left some folks behind. Our housing policies in California create more inequality than taxes do.

[canceled.2021.2]

Simple chart:

https://upload.wikimedia.org/wikiped...percentUSA.png

What it shows is that FDR started an improvement in the country, since when inequality was too high, reducing it by taxing the biggest incomes more.

As a result, the share of income going to the top 1% shrunk from nearly 25% to under 10% just before Reagan.

And that was great for the American people. That's when the middle class exploded - and we had all kinds of progress and businesses growing.

Were the rich horribly off, mistreated, with only 10% of the income? No, we still had rich people, we still had Wall Street, we still had CEO's, we still had mansions.

But it was a lot better for most Americans at sharing in the prosperity. People could buy a home and make a living for their family on one normal income.

Republicans, ask yourselves a question. What is the best share of income for the top 1%?

I'll wait a moment. OK, you didn't answer, just sputtering about some ideology that we shouldn't care or something.

But as their share goes up - 5%, to 10%, to 15%, 20%, to 25% - by definition, that's all money from your (the American people's) pockets. That's your wages NOT going up. That's every dollar of real growth being taken by the top few.

And what do we have to show for the decades of the chart above of the rich taking so much more?

The answer is, nothing for the American people.

Not that much changed. No explosion of better companies with better products more than before. No benefits. Just the same type of companies, the same types of CEOs, but being paid far more. Their wages going from 25 times the average worker to up to 400 times the average worker. And guess where all that increase came from? Yes, by definition, the rest of society, the workers. The company made a lot more money, and it all went to the top. No trickle down in decades.

So what have you learned about having the rich skyrocket in wealth at the expense of the rest of society? You have learned that no, the rich getting a lot richer doesn't create some massive increase in higher growth. Not only was growth higher with the rich taking a smaller share, but then that higher growth was shared - now it's not. You have learned there is no 'trickle down'.

You have learned that the only thing the rich getting richer does is make the rich richer, at the expense of everyone else, that it LOWERS growth by diverting wealth away from the economy to be used and simply bids up the prices of companies and stocks instead of being in the hands of people to start companies or buy products. And don't forget to include our going from under $1 trillion in debt to over $20 trillion, because every dollar of the tax cuts for the rich since Reagan is added to debt.

That's the dirty little secret behind the policy, that makes the tax cuts for the rich seem like less problem than they are, because the American people aren't paying for them all now - they're just adding them to our debt. And the American people
are increasing their own debt to make up for all the lost share of income.

Look at this chart, the growth of debt before and after Reagan:

http://static6.businessinsider.com/i...27.03%20am.jpg

And for that matter, look at how our debt is increasing to others - how before Reagan, non-Americans owned a steady under 5% of our debt, but since Reagan it's increased to nearly 20%:

http://static3.businessinsider.com/i...29.04%20am.jpg

Republicans need to learn that the reduction of the taxes on the rich has been a scam with a heavy price for the American people, doing nothing but making the rich richer.

It's estimated that wages are about a third lower than they wold have been under the tax rates before Reagan. That's handing over trillions to the rich. It hurts growth and it's given our country a huge amount owed. And the interest on that debt is taken out of the American people's pockets - and future Americans' pockets.

There is no better economic policy we could do right now than raising taxes on the rich - preferably to the JFK-Carter rates - and we just did the opposite, cutting taxes on the rich and corporations $5 trillion more, paid for by slashing Medicaid and other benefits to the American people, and adding over $1 trillion more to the debt in the next decade.

Republican voters have been conned - to think of these tax cuts as helping them, to think that giving the rich more benefits them. A huge propaganda operation has sold them on the con. Pictures aren't lying here.

The rich should at least send these Republican voters who have handed over the wealth of the American people to the rich a thank you. But why?

I’m good wit it

[Nordberg]

Yeah, giving it to the wealthy is such a great idea. You guys cannot learn. The wealthy are training their lap dogs.

[Ralph]

Simple chart:

https://upload.wikimedia.org/wikiped...percentUSA.png

What it shows is that FDR started an improvement in the country, since when inequality was too high, reducing it by taxing the biggest incomes more.

As a result, the share of income going to the top 1% shrunk from nearly 25% to under 10% just before Reagan.

And that was great for the American people. That's when the middle class exploded - and we had all kinds of progress and businesses growing.

Were the rich horribly off, mistreated, with only 10% of the income? No, we still had rich people, we still had Wall Street, we still had CEO's, we still had mansions.

But it was a lot better for most Americans at sharing in the prosperity. People could buy a home and make a living for their family on one normal income.

Republicans, ask yourselves a question. What is the best share of income for the top 1%?

I'll wait a moment. OK, you didn't answer, just sputtering about some ideology that we shouldn't care or something.

But as their share goes up - 5%, to 10%, to 15%, 20%, to 25% - by definition, that's all money from your (the American people's) pockets. That's your wages NOT going up. That's every dollar of real growth being taken by the top few.

And what do we have to show for the decades of the chart above of the rich taking so much more?

The answer is, nothing for the American people.

Not that much changed. No explosion of better companies with better products more than before. No benefits. Just the same type of companies, the same types of CEOs, but being paid far more. Their wages going from 25 times the average worker to up to 400 times the average worker. And guess where all that increase came from? Yes, by definition, the rest of society, the workers. The company made a lot more money, and it all went to the top. No trickle down in decades.

So what have you learned about having the rich skyrocket in wealth at the expense of the rest of society? You have learned that no, the rich getting a lot richer doesn't create some massive increase in higher growth. Not only was growth higher with the rich taking a smaller share, but then that higher growth was shared - now it's not. You have learned there is no 'trickle down'.

You have learned that the only thing the rich getting richer does is make the rich richer, at the expense of everyone else, that it LOWERS growth by diverting wealth away from the economy to be used and simply bids up the prices of companies and stocks instead of being in the hands of people to start companies or buy products. And don't forget to include our going from under $1 trillion in debt to over $20 trillion, because every dollar of the tax cuts for the rich since Reagan is added to debt.

That's the dirty little secret behind the policy, that makes the tax cuts for the rich seem like less problem than they are, because the American people aren't paying for them all now - they're just adding them to our debt. And the American people
are increasing their own debt to make up for all the lost share of income.

Look at this chart, the growth of debt before and after Reagan:

http://static6.businessinsider.com/i...27.03%20am.jpg

And for that matter, look at how our debt is increasing to others - how before Reagan, non-Americans owned a steady under 5% of our debt, but since Reagan it's increased to nearly 20%:

http://static3.businessinsider.com/i...29.04%20am.jpg

Republicans need to learn that the reduction of the taxes on the rich has been a scam with a heavy price for the American people, doing nothing but making the rich richer.

It's estimated that wages are about a third lower than they wold have been under the tax rates before Reagan. That's handing over trillions to the rich. It hurts growth and it's given our country a huge amount owed. And the interest on that debt is taken out of the American people's pockets - and future Americans' pockets.

There is no better economic policy we could do right now than raising taxes on the rich - preferably to the JFK-Carter rates - and we just did the opposite, cutting taxes on the rich and corporations $5 trillion more, paid for by slashing Medicaid and other benefits to the American people, and adding over $1 trillion more to the debt in the next decade.

Republican voters have been conned - to think of these tax cuts as helping them, to think that giving the rich more benefits them. A huge propaganda operation has sold them on the con. Pictures aren't lying here.

The rich should at least send these Republican voters who have handed over the wealth of the American people to the rich a thank you. But why?

Sure....its called "capitalism". And of course...goods and services are provided in exchange for currency. Its all done under FREE WILL market exchanges. If you don't want a product....don't buy it. If you aren't happy making someone wealthy stop purchasing their goods and services. Damn SNOWFLAKES.

It should be a simple thing to provide the objective news article of the last person to starve to death in the United States of America....or the last person to die due to a lack of emergency medical help (that they did not willingly refuse).

The US does not have a TAX PROBLEM....as the governments of the US take in almost 7 trillion dollars annually......the US has a spending and waste problem....on top of a left wing "JEALOUSLY" problem. I suggest reading the 10th commandment. "Thou shalt not covet anything belonging to one's neighbor......". Or another commandment, "Thou shalt nor worship a graven image...." Money is always the first and last thing worshiped by any leftist....especially OPM....other peoples money.

[CFM]

Yeah, giving it to the wealthy is such a great idea. You guys cannot learn. The wealthy are training their lap dogs.

You idiots on the left have given $22 trillion to the poor over the past 50 years with the stated goal of prevent poverty. What has that done? Nothing. The poor are still poor and as long as you continue to give them something they didn't earn, they'll continue to be poor.

[cawacko]

Yeah, giving it to the wealthy is such a great idea. You guys cannot learn. The wealthy are training their lap dogs.

How are we "giving" anything to the wealthy?

[Craig234]

How are we "giving" anything to the wealthy?

Predictably, you ignore the information in the OP showing the rich getting vastly richer at the expense of the American people, and all you have is a semantic topic.

[Craig234]

Unless you are going to try and stop future growth technology is the major driver. It has created astronomical wealth but along with globalization has left some folks behind. Our housing policies in California create more inequality than taxes do.

The topic of this thread is tax policy, not technology.

If you want to discuss the issue of how technology affects inequality, do it in your own thread. You're not capable of actually discussing the threat topic of tax policy at the same time, and that means you would just try to derail.

[cawacko]

Predictably, you ignore the information in the OP showing the rich getting vastly richer at the expense of the American people, and all you have is a semantic topic.

How is it "at the expense of the American people?" You act like all money accumulated is the gov'ts in a zero sum game scenario and they disperse it at their will.

That's not how things operate

[cawacko]

The topic of this thread is tax policy, not technology.

If you want to discuss the issue of how technology affects inequality, do it in your own thread. You're not capable of actually discussing the threat topic of tax policy at the same time, and that means you would just try to derail.

Maybe you could acknowledge tax policy is lower on the ladder for causes of inequality. Again, look at our state with its high taxes and massive inequality.

[Minister of Truth]

Yeah, giving it to the wealthy is such a great idea. You guys cannot learn. The wealthy are training their lap dogs.

Who is giving to the wealthy?