Ugh, if you hadnt have compared Trump to bloody Hitler again, I would have responded to that post with a simple, well, a lot more people around the world both liberal and conservative have been talking about some kind of universal welfare / basic income thing....so maybe its inevitable But no, you had to go full nutter with the Hitler thing. Never go full nutter
Plenty of people have off the books income. You cannot hide a McMansion; yes quarry tile instead of linolium. Quartzite instead of formica kitchen countertops, stainless steel gleaming. Think of all of the people you could house by re-apportioning all of those building materials into a dozen smaller homes on a lot the same size.
Still its not like the magical little world over there many make it out to be. They are paying a shitload of income tax. Not to mention an eye watering 25% sales tax on some products They can pretend its free healthcare, but its not really if the government is screwing you over 2, 3 times as much in other areas to pay for it
What's really weird to me is how the governments of various states are collecting taxes on food. The way our food system in the US works, even with massive spoilage and product aging, the profits are high enough to justify it. There's a stigma in the US regarding bare store shelves that goes back to the 1930s. Over the years this stigma has become the focal point of food marketing. How many of us push a cart (another way to encourage overbuying and waste) through narrow aisles, 8' high shelves and a big wad of "sale" crap tightening each end? What's really scary is how little of the produce is produced in the US. And I am not taking a protectionist position on this. I'm saying that most of the crops in the US these days are what can survive the depleted soil with a generous helping from Dow, Monsanto and Ortho. And these are primarily conversion crops like grains that can be easily rendered into ethanol while the rest becomes animal feed and Metamucil. Warning: Tangent...... I was at a hotel in Arizona a couple of years ago, the Sonesta it was called. They had a decent breakfast spread. I picked up a tangerine from Spain, which I was thrilled to have since it was likely grown far closer to organic than a tangerine from that dick shaped state. So I went to the sink and washed it and the woman next to me said something like "so you're washing it because it's not from the US". It reminded me of the woman in the Wisconsin coffee shop who lamented me for being from that horrible, racist Atlanta. Anyway, I told her that a bird may have shit on it along the way. </tangent>
The goal of the author was to compare what households in the different income categories have beyond their basic necessities after taxes. Dividing pre-tax household income by actual taxes paid won't give that to you. That's where the $ 2,000 per month comes in.The bottom line is that a millionaire with a higher tax bill has a lot more left beyond basic necessities after paying his taxes than most of us in the lower ranks do. If you have difficulty understanding that, or want to dispute it further, I suggest you contact Mr. Talbott.
The lowest quintile is marked N/A--non applicable. So what they do or don't get back from the government is irrelevant. Talbott says the second lowest quintile "owes more taxes each year than it has available after paying for basic necessities." Is he lying or in error? I'm taking him at his word. My Buffet example comes from Buffet, who is presumably better acquianted with his taxes and those of his employees than you and Steve Forbes are. But again, even if he pays 31% and his employees 21%, betcha they have a much harder time making it than he does. If you doubt what he says, you might contact him in Omaha. I'm sure he'd be glad to enlighten you if you soften your abrasive tone. BTW, I haven't read your Forbes link, because they would require me to trun off my ad blocker, which I won't do for them or you.
I consider this to be a personal attack. Are you in charge of teaching sixth graders? What a splendid example you must set for them! Behind all the invective and superior tone, the hollowness of your own arguments is readily apparent.
Are we still talking about your little Professer in Dubai with the quintuples. Because that was obviously thrown in to decieve So is stuff like this Very different population spread nowadays, life expectancy 57 in 1928, 80 nowadays, a lot more old people to be taken care of. Comparing todays income inequality with 1928, an obvious non sequitar
"Little"? Actually, he seems to be at least average in size and gearth. As for the obviousness of his deceptiveness, I see no evidence of that. Speaking of non sequitors, what does the population spread have to do with the fact that real income for blue collar workers has been stagnant since the mid-1970s while that of the 1% has been growing exponentially?
Id answer if either of those statements were true. Stagnant means no growth, and 1% of 7.8 billion is 78 million people
Surprisingly, I would venture to guess that in today's world economy where $1 million isn't much, 78 million is representative of the number of worldwide millionaires.
Well 'much' is relative, but your guess is really close. 48.6 million earlier last year. Nearly half of the world's entire wealth is in the hands of millionaires
Vanilla Gorilla - The reference to Hitler & Mussolini is regarding their tactic & method of bewitching and brainwashing a great number of people who were hurting financially and felt their futures were being taken away from them. I'm NOT referring to their evil, hellish, brutal murders of millions of innocent people, and those that disagreed with them - that's a whole different topic. Hitler and Mussolini knew their audiences and fed their anger at people & systems they felt they had no control over. Hitler and Mussolini offered simple solutions to very complex problems. Same as what Trump has been doing here. "I'm going to put tariffs on Chinese and other countries' goods. Trade wars are easy to win." (Trump's cocky bragging.) We Americans are paying more for imported goods since the tariffs were placed. Trump's promises that the other countries would be the ones paying are simply FALSE. Manufacturing is NOT coming back to the U.S. from China. If so-called "American companies" wanted to create good-paying jobs here in the U.S. …………… why did they leave in the first place?? Because they thought American workers were vastly overpaid, so they went to China, Mexico, Indonesia, India, Pakistan, Bangladesh, Thailand, etc. I heard with my own ears a Republican governor from my own state say a few years ago that today's (American) workers are making "outrageously high wages." He said it & it was in the newspapers. Any Republican workers out there want to try and defend THAT STATEMENT?? Do you feel as if you're being paid WAY TOO MUCH?? If American workers want all that manufacturing to come back to the "good 'ol U.S.A." - then just agree to work for $1 to $3 an hour and no benefits, safety rules, or environmental laws. I read a U.S. News and World Report story when the auto manufacturers ran away to Mexico, that the Mexican auto workers were among the highest paid workers in Mexico. Their pay?? $2.50 per hour. So if American workers want to get those manufacturing jobs back here ……………. just underbid those highly-paid Mexican workers. $2.00 per hour ought to win that "smart" battle. Just take a look at the education levels and communication skills of many of Trump's base. They can't even speak well. They can't construct sentences properly. How in God's name do they think Trump is going to somehow get them good-paying, highly skilled jobs?? Or that he even cares about them after he ridiculed under-educated, unskilled people from "shithole countries" ?? (Trump's words - not mine.) Trump IS NOT going to bring back highly-paid manufacturing jobs to the U.S. It's all hot air just like he's going to resurrect coal mining. Coal fired anything is filthy and the whole world is moving away from coal except China. Anyone seen pictures of their air over their?? You can catch some in a net. Forget the pipe dreams and bragging folks. It's not going to happen.
Underestimating Trump and his supporters is a mistake and a propaganda tactic. It failed the democrats miserably in 2016 (even though NPR said this morning that Hillary "won" by 5%). If you listen to what Trump is saying lately, it's obvious he is worried about November. But most of the hard left would rather have a jalapeno enema than listen to Trump. Which must make opposition research very difficult. I realize it's human nature to dehumanize a perceived "enemy" to the point of caricature, but somebody eventually has to step outside of that and examine the landscape logically. On the Democrat side Hillary was surrounded by Yes actors who convinced her that campaigning was not necessary. Huge mistake.
My view on Trump's flawed acquittal is clear. I wish he would have been removed by an honest senate. I wish they would have allowed the missing evidence to be a part of his trial. I would like to see what William Barr prevented people from seeing, like Jared Kushner's answers to Robert Mueller.
Articles like that are useless if the wealth of world's richest 0.000001% grew by $100 trillion in a decade. What do they even mean by millionaire? Seriously doubt there are only 48 million worldwide if they are including the family home Article says worldwide wealth is $360 trillion, but doesn't mention worldwide debt is $250 trillion at the same time Article says global Wealth grew by 2.6% in 2019 at the same time inflation rate in the US same year was 2.5% so in real terms didn't really grow at all Article also says "Researchers also found that China had more members in the top global 10% than the United States for the first time" That 1% gets repeated over and over, but when they are talking about it here they are really talking about that too 0.000001%, the world's richest 78 people. The richest being Bezos, and how did Amazon get so big? Who's fault is that? It's our fault, it's not any governments fault