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BAR[_2_] BAR[_2_] is offline
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First recorded activity by BoatBanter: Jun 2008
Posts: 5,868
Default OT Confiscatory taxation

wf3h wrote:
On Mar 22, 6:53 am, "Eisboch" wrote:
"wf3h" wrote in message

...

as the nobel prize winning economist paul krugman pointed it, it's as
if for every year of the last 30, every middle class family sent a
check for $10,000 to the richest 0.1% of americans.

--------------------------------------

Bull****.

"It's as if" is not "as it is".

The rich got richer because the world got richer.


funny the middle class got left out. productivity improved. more
wealth was created. and the wealthiest took it all for themselves.


The guy who used to live next door to me started out as a process
server. No college degree, no special training. Just a go getter type of
guy. His next job was selling commercial real estate. He didn't sit
around bemoaning his lack of education waiting for someone to give him a
job or tell him what to do. He went out and worked for hard and now
lives in a multi-million dollar home and at the age of 47 doesn't have
to work a day for the rest of his life if he doesn't want to.

He started out life in the lower middle class and is not in the top 1%.

Wealth was created, not
redistributed from the middle class. I agree that wealthy people are
typically in a better position to gain more wealth through wealth creation,
but they are not "taking it" from middle class.

Where you people get this goofy idea, I don't know.


you mean other than looking at the evidence? gee. i don't know. the
rich got richer. the middle class did not. how strange of me to think
the rich got richer and the middle class did not...


You don't seem to understand that not all people have the mental and
intellectual capacity to ascend to the top of their field or any field.
I think this is your particular affliction. This is not a bad thing it
just needs to be understood and accepted. How many Michael Jordan's have
there been and will there be? No one has come along to take Albert
Einsteins place.


BTW, Some of the "facts" that are throw around are also simply not true.
In reality, the upper 20 percent (wealth wise) control one third of the
wealth, not the ridiculous numbers perpertuated by some, like "the upper 1%
controls 80% of the nation's wealth".


the INCREASE in the amount of wealth held by the richest 1% over the
past 20 years in the US was incredible. hogs at the trough. now they
want the middle class to make up the difference they just lost in the
bonfire they made of the economy.


Jealousy rearing its ugly head? Bad career choice on your part? Stop
blaming others for your inadequacies and failures.