5
0

I am telling you there is no trickle down economy. It is Hoarding Economy


 invite response                
2017 Jun 18, 1:58pm   27,094 views  204 comments

by Nobody   ➕follow (0)   💰tip   ignore  

http://www.msn.com/en-us/money/markets/the-hoarding-of-the-american-dream/ar-BBCKMQq?li=BBnb7Kz

It really doesn't make sense to give tax reduction to the rich and investors. The investors are motivated to invest, because
they are expecting a better return. The rich does not suffer from getting taxed more. In the end everyone wants to hoard.
Or they used that money that they hoard to invest in a system where they can squeeze more money from the middle class.

Comments 1 - 40 of 204       Last »     Search these comments

1   HEY YOU   2017 Jun 18, 4:51pm  

How dare anyone question The Great God Ronald Reagan's economic policies.
The latest figures: The 5 richest people in the world have more than half the worlds pop.?
Now that some bad ass hoarding.

2   justme   2017 Jun 18, 5:17pm  

Pretty much correct.

3   Strategist   2017 Jun 18, 5:59pm  

HEY YOU says

The latest figures: The 5 richest people in the world have more than half the worlds pop.?

Now that some bad ass hoarding.

Hello? Most of it is being given away.

4   Goran_K   2017 Jun 18, 6:49pm  

What a shit article. The real premise of this article is "A Complete misunderstanding of Capitalism, income mobility, and its advantages".

MSN has gone down the gutter with this socialist agenda.

They then pass those advantages onto their children, with parents placing a “glass floor” under their kids. They ensure they grow up in nice zip codes, provide social connections that make a difference when entering the labor force, help with internships, aid with tuition and home-buying, and schmooze with college admissions officers. All the while, they support policies and practices that protect their economic position and prevent poorer kids from climbing the income ladder: legacy admissions, the preferential tax treatment of investment income, 529 college savings plans, exclusionary zoning, occupational licensing, and restrictions on the immigration of white-collar professionals.

So buying a home in a good zip code, getting a 529 plan for your kids, helping your kids with tuition or buying a home, and using social connections to help your kids get employment opportunities is "keeping poor kids down"?

It's called hard work, and utilizing your assets.

What do you expect these people to do? Raise them in West Oakland, make them take massive loans so they can go to college, and give them absolutely no advice or help at all on how to succeed in the real world? Why would my kids need to do that when I already went through that hardship?

Because of my hard work, my kids now get to take part in the fruits of my work. It's a beautiful thing, seeing my kids actually getting their own rooms in a large house, never having to feel hunger, getting good private school educations, with fat 529 plans ready for them when they choose and are ready for college. I don't feel guilty for it and anyone who thinks I should be probably doesn't have those things in the first place.

Most socialist are huge hypocrites anyway. They lionize a man who owns 3 houses, pays a 13% tax rate and made over $1 million last year all the while criticizing the 1% of which he is firmly a part of.

Do as I say, not as I do.

Fuck socialism.

5   Strategist   2017 Jun 18, 7:15pm  

Goran_K says

So buying a home in a good zip code, getting a 529 plan for your kids, helping your kids with tuition or buying a home, and using social connections to help your kids get employment opportunities is "keeping poor kids down"?

It's called hard work, and utilizing your assets.

What do you expect these people to do? Raise them in West Oakland, make them take massive loans so they can go to college, and give them absolutely no advice or help at all on how to succeed in the real world? Why would my kids need to do that when I already went through that hardship?

Because of my hard work, my kids now get to take part in the fruits of my work. It's a beautiful thing, seeing my kids actually getting their own rooms in a large house, never having to feel hunger, getting good private school educations, with fat 529 plans ready for them when they choose and are ready for college. I don't feel guilty for it and anyone who thinks I should be probably doesn't have those thing...

The loser socialists on this board will not hesitate to lie, deceive, misinform, and defend socialism, even though it has repeatedly been proven a colossal failure.
They hate capitalism and love socialism, yet refuse to go live in a wonderful socialist paradise like Venezuela, Cuba, and Russia.
But that's OK, because these fools make this website fun.

6   Goran_K   2017 Jun 18, 7:37pm  

All socialist arguments always boil down to "you have a big house, money, and other forms of wealth. You are definitely engaging in some nefarious activity and keeping poor people down."

Translation: "I feel bad about myself because I haven't put in the hard work and personal sacrifice to also attain wealth, so I feel compelled to make you feel bad for your wealth because I'm petty and jealous."

Total utter shit.

7   Booger   2017 Jun 18, 7:39pm  

Trickle down works great. It's just that we were dumb enough to let it all trickle down to Mexico, China, India, etc.

8   Nobody   2017 Jun 18, 7:57pm  

Goran_K says

Total utter shit.

Goran,

No, the message is to tax the rich already. There is no reason for us to keep giving tax break. If I am paying 40% for the tax, so should the rich people like Romney. It really don't make sense that he and other rich people get away paying less than 15%. Giving the tax break to the rich does not help the economy. I mean trickle down economy has been proven wrong time and time The rich will just hoard the money and perhaps use it to extract more money from the middle class. When you have a skilled labor who can make products or provide services that are in high demand, it will improve the economy.. Only way to get there is through education. I mean investing in the future of our children.. It is very hard to enumerate the success of our education into a monetary return. But the government can as a form of tax. The rich people know this, That's why they invest in their kids.

I also hear the same rhetoric that 53% of the tax revenue is spent on the welfare to people who made bad choices and are basically lazy. That number is inflated. It is less than 11%. Just because you want to screw people who get welfare legitimately or illegitimately, you want to screw our children out of equal opportunity for education? Like I said, it won't help our economy or our country.

9   Strategist   2017 Jun 18, 8:05pm  

Goran_K says

All socialist arguments always boil down to "you have a big house, money, and other forms of wealth. You are definitely engaging in some nefarious activity and keeping poor people down."

Translation: "I feel bad about myself because I haven't put in the hard work and personal sacrifice to also attain wealth, so I feel compelled to make you feel bad for your wealth because I'm petty and jealous."

Total utter shit.

Yup, absolutely. I'm a greedy capitalist pig, because I chose to sacrifice my early days so that I could have a better future for my kids and my retirement. I had the same opportunities as anyone else, but I chose to go for maximum education, live frugally, never took a vacation for 17 years, saved for my children education, and carefully invested for the future. Now i'm in my late 50's, my youngest just graduated from college with no debt, just like his older sister. I have rental income to retire if I want to, means to travel, and assist my children to buy their first home in OC.
But, I am an evil person, a capitalist, who took advantage of others like the billionaires do. Well fuck you if you do nothing right, and blame people like me for your misery. I have no intention of supporting losers and freeloaders with my hard earned savings, and the sacrifices I have made in the last 30 years.
Fuck you.

10   bob2356   2017 Jun 18, 8:34pm  

Strategist says

HEY YOU says

The latest figures: The 5 richest people in the world have more than half the worlds pop.?


Now that some bad ass hoarding.

Hello? Most of it is being given away.

Instead of paying decent wages and benefits in the first place? I applaud the few true philanthropists, but most of the charity of the ultra rich is self dealing. Like the 501c non profits that are simply a conduit for dumping huge amounts of money into influencing the political process and gaining favourable legislation. .

11   Strategist   2017 Jun 18, 8:39pm  

bob2356 says

Instead of paying decent wages and benefits in the first place

Americans and the West get the most decent wages and standard of living than anywhere else.

bob2356 says

I applaud the few true philanthropists, but most of the charity of the ultra rich is self dealing. Like the 501c non profits that are simply a conduit for dumping huge amounts of money into influencing the political process and gaining favourable legislation. .

How can giving away everything be self serving?

12   bob2356   2017 Jun 18, 8:43pm  

Strategist says

The loser socialists on this board will not hesitate to lie, deceive, misinform, and defend socialism, even though it has repeatedly been proven a colossal failure.

They hate capitalism and love socialism, yet refuse to go live in a wonderful socialist paradise like Venezuela, Cuba, and Russia.

But that's OK, because these fools make this website fun.

What a load of crap even for you. So anyone who objects to people making millions a year and paying 15% taxes while people make 100k a year paying 30% taxes is a socialist by your definition?

You use plenty of government services every single day. Are you a socialist?

13   bob2356   2017 Jun 18, 8:48pm  

Strategist says

bob2356 says

I applaud the few true philanthropists, but most of the charity of the ultra rich is self dealing. Like the 501c non profits that are simply a conduit for dumping huge amounts of money into influencing the political process and gaining favourable legislation. .

How can giving away everything be self serving?

Didn't read very carefully did you? I said I applaud the few TRUE philanthropists. Very very few of those exist. For the rest using tax deductible contributions to get political flavors is as self serving as it gets. A big chunk of what is being called charitable giving falls into this category.

14   Strategist   2017 Jun 18, 8:51pm  

bob2356 says

Strategist says

The loser socialists on this board will not hesitate to lie, deceive, misinform, and defend socialism, even though it has repeatedly been proven a colossal failure.


They hate capitalism and love socialism, yet refuse to go live in a wonderful socialist paradise like Venezuela, Cuba, and Russia.


But that's OK, because these fools make this website fun.

What a load of crap even for you. So anyone who objects to people making millions a year and paying 15% taxes while people make 100k a year paying 30% taxes is a socialist by your definition?

You use plenty of government services every single day. Are you a socialist?

You tell me:
I believe in a minimum standard of living for all. Even the fucking useless able bodied bums who need their ass whipped.
Free education for all, all the way to PhD. This would create the maximum possible opportunities for all to help society.
True capitalism above what I mentioned to create wealth and progress.

15   Nobody   2017 Jun 18, 8:55pm  

Strategist says

I am an evil person, a capitalist, who took advantage of others like the billionaires do.

Strategist,
No, you are not en evil person but sound bitter. You worked hard and made the right choices. You have used our system, infrastructure, and education system with patience and perseverance to be successful. Why should you think there is something wrong with that? It is absolutely your right to enjoy the fruits of your hard work and your return from your investment. So let me ask you this, why can't the US enjoy the return on their investment (providing you of education that is established by the institution that is private or public supported by the tax money.) and return on our use of the infrastructure?

Why should some kids be denied of equal opportunity for education just because of location? Why should certain school have the access to music education and not other schools? Why should you blame 11% of the tax revenue to support the deadbeats to deny kids any equal opportunity? Why should the rich people blame the 11%, so they get the special treatment of lower tax? We have already established that trickle down economy does not work. .

Just for your info. I went to a private university, and the US government paid most of my education. I am thankful for that. Without it, I am not sure how successful I could have been. Now, I am in a position to provide all that and more for my kids.

16   PeopleUnited   2017 Jun 18, 8:56pm  

Strategist says

You tell me:

I believe in a minimum standard of living for all. Even the fucking useless able bodied bums who need their ass whipped.

Free education for all, all the way to PhD. This would create the maximum possible opportunities for all to help society.

True capitalism above what I mentioned to create wealth and progress.

I have advocated for state provided room and board on this forum as well. Education would be a reasonable addition. It may be a form of socialism, but it is a better form of socialism where everyone qualifies for government housing and food as long as they agree to live in government provided housing and eat at the government cafeteria. If you want to choose your own place to live and food to eat, you ought to pay for it yourself.

17   FortWayne   2017 Jun 18, 9:07pm  

Free everything never works out, seems to run out of money

18   Strategist   2017 Jun 18, 9:11pm  

Nobody says

Strategist says

I am an evil person, a capitalist, who took advantage of others like the billionaires do.

Strategist,

No, you are not en evil person but sound bitter. You worked hard and made the right choices. You have used our system, infrastructure, and education system with patience and perseverance to be successful. Why should you think there is something wrong with that? It is absolutely your right to enjoy the fruits of your hard work and your return from your investment.

Thank You, nobody. I'm just a middle class dude who did not care for immediate gratification, and lived for the future.

Nobody says

So let me ask you this, why can't the US enjoy the return on their investment (providing you of education that is established by the institution that is private or public supported by the tax money.) and return on our use of the infrastructure? Why should some kids be denied of equal opportunity for education just because of location? Why should certain school have the access to music education and not other schools? Why should you blame 11% of the tax revenue to support the deadbeats to deny kids any equal opportunity?

I believe in FREE education for all right up to PhD. In the long run it helps society and progress. Scientific progress is the key to a better world for all.

Nobody says

Why should the rich people blame the 11%, so they get the special treatment of lower tax? We have already established that trickle down economy does not work. Just one more thing. As the economy improve this 11% is going to come down even more. The choice you make would tell you what kind of person you are.

This is where I disagree. There will always be a certain number of people who will not be capable of much. I'm not criticizing them, i'm just being realistic. "No matter how much you swerve the water in a pail, some of it will always be in the bottom" These people and their supporters should not be blaming the rest of us for not rising from the bottom, when every available opportunity has been given to them to rise to the top.

19   Nobody   2017 Jun 18, 9:14pm  

PeopleUnited says

Free education for all, all the way to PhD. This would create the maximum possible opportunities for all to help society.

That is going too far. Why should anyone who doesn't deserve be a recipient of any investment (education)? Strategist hates the welfare deadbeats, but we need some losers and failures. It is a simple statistics. Not everyone can be a success or the 1%. We need the middle class to pay the return of our investment. If it is an income property, the tenants pay the rent to the owner. Just imagine everyone is a landlord or owner. So we need to create the middle class or uneducated bunch of people by denying the equal education and opportunity to the certain section of US. What better way to control this? By forcing the funding cut on the public school. The public school in the rich neighborhood will continue to do well, because people like us continues to donate.

20   Strategist   2017 Jun 18, 9:14pm  

FortWayne says

Free everything never works out, seems to run out of money

You have a good point, however, education is not an expense, it is an investment. It's the only path to progress.

21   Shaman   2017 Jun 18, 9:20pm  

Investment income should be taxed more highly, especially above a certain tax bracket. I think taxing investment income at 50% over $500,000 would produce a Renaissance in this country of wealthy people suddenly investing their massive hoards in business creation and research into product/science development. If they can no longer use passive investment income to rape the little guys, they have to #MAGA!!!!!!
MAGA BITCHES! MAGA!!!!

22   Y   2017 Jun 18, 9:26pm  

Liberals made it an expense with their unions, tenures, and funding of the border hordes...

Strategist says

You have a good point, however, education is not an expense, it is an investment. It's the only path to progress.

23   Nobody   2017 Jun 18, 9:28pm  

Strategist says

"No matter how much you swerve the water in a pail, some of it will always be in the bottom" These people and their supporters should not be blaming the rest of us for not rising from the bottom, when every available opportunity has been given to them to rise to the top.

Strategist, you are a very naive person. Do you honestly believe that everyone gets the equal chance? I grew up in the poverty stricken neighborhood, and the school district didn't offer any classes or opportunities that my kids are getting at their school. Not every public school is the same. Some school gets the state of art network server for them to work on. Some school gets nice music buildings.

Like I said, offering unequal opportunity for certain sector of people is not a bad thing, because we can't have everyone become the 1%. It is a simple statistics. But if you go too far, then it will also ruin the overall economy.

24   Strategist   2017 Jun 18, 9:29pm  

Nobody says

PeopleUnited says

Free education for all, all the way to PhD. This would create the maximum possible opportunities for all to help society.

That is going too far. Why should anyone who doesn't deserve be a recipient of any investment (education)?

You would need to be qualified for further education at public expense. Obviously, if you could not finish 9th grade, you will not be admitted to a University.

Nobody says

Strategist hates the welfare deadbeats, but we need some losers and failures. It is a simple statistics. Not everyone can be a success or the 1%.

I hate the able bodied welfare deadbeats. These are the true losers who undeservingly sponge off the hard work of others. I'm not asking them to be in the top 1%. I'm asking them to get a minimum paying job, and stop sponging off the rest of us. Why am I wrong?

25   Strategist   2017 Jun 18, 9:39pm  

Nobody says

Strategist says

"No matter how much you swerve the water in a pail, some of it will always be in the bottom" These people and their supporters should not be blaming the rest of us for not rising from the bottom, when every available opportunity has been given to them to rise to the top.

Strategist, you are being too naive and ignorant. I grew up in a poverty stricken neighborhood. Our school didn't offer the classes and opportunities that my kids are getting. The school gets so much donation, because the government has cut the school funding. So not all the public school are equal. So my wish is that the rich people stop seeing the taxation system as a socialist concept.

So lets offer all the classes needed to offer your children and all other children the classes needed, all the way to PhD. I don't see where we have the disagreement in this. But what do you do when some refuse to even finish 9th grade?

Nobody says

But then again, the rich needs the uneducated middle class, so we can squeeze more money from them. Despite your belief, you need the welfare deadbeats as much as middle class whom we can extract money from. You can't have everyone to become the 1%. It is simple statistics.

WTF. You are dead wrong here. The rich don't need the uneducated masses and the welfare deadbeats, because they have no money to squeeze out to begin with. In fact, they suck up the tax money that others pay.

26   Nobody   2017 Jun 18, 10:02pm  

Strategist says

I hate the able bodied welfare deadbeats. These are the true losers who undeservingly sponge off the hard work of others. I'm not asking them to be in the top 1%. I'm asking them to get a minimum paying job, and stop sponging off the rest of us. Why am I wrong?

You are right. You should not defraud the government and its welfare system. It is against the law. I thought I have been clear on this. I have also mentioned that 11% of the tax revenue is spent to support the welfare. Most of the 11% is spent legitimately. We are getting so caught up on the minor issue, because Republicans have inflated the number from 11% to 53%. And the number seemed scary. But the reality is that 11 of the tax revenue goes into the welfare. And, it is most likely that less than several % goes to the welfare deadbeats.

So you seem to be an advocator for the equal opportunity. Is it your choice to pay more tax to give equal opportunities to the kids at the cost of sacrificing several percent going to feed the able bodies welfare deadbeats. What is your choice? My choice is simple That several percent is a collateral damage for an overall good for our country and our economy. Yeah, it sucks. These fuckers don't deserve what they are getting. But kids and our economy need it. And in the end, cause i need better return on my investment. It is ok to be selfish and greedy. It is the capitalism.

27   anonymous   2017 Jun 18, 10:17pm  

Quigley says

Investment income should be taxed more highly, especially above a certain tax bracket.

Agreed. I disagree with Republicans on this one. Investment income should be taxed as ordinary income and not at a reduced rate. I don't mind simplifying the marginal tax rates as Trump is suggesting, but the loopholes have got to go.

28   bob2356   2017 Jun 18, 10:51pm  

Strategist says

You tell me:

I believe in a minimum standard of living for all. Even the fucking useless able bodied bums who need their ass whipped.

Free education for all, all the way to PhD. This would create the maximum possible opportunities for all to help society.

True capitalism above what I mentioned to create wealth and progress.

What exactly is true capitalism and where do we find it? The closest anyone has ever come is russia post fall of the berlin wall. The ongoing love fest between K street big business lobbyists and congress is a far cry from capitalism. You are paying far more to corporate welfare than what goes to mommies and kids. Yet not a peep out of you about it. Just blather about socialism.

29   Strategist   2017 Jun 19, 7:07am  

bob2356 says

You are paying far more to corporate welfare than what goes to mommies and kids. Yet not a peep out of you about it. Just blather about socialism.

Myth. Bottom line........Corporations end up paying a lot of taxes.
Tax breaks are given at times to encourage what may be a necessity for society. e.g. Agriculture and alternative energy tax breaks.

30   Strategist   2017 Jun 19, 7:13am  

Nobody says

So you seem to be an advocator for the equal opportunity. Is it your choice to pay more tax to give equal opportunities to the kids at the cost of sacrificing several percent going to feed the able bodies welfare deadbeats. What is your choice? My choice is simple That several percent is a collateral damage for an overall good for our country and our economy. Yeah, it sucks. These fuckers don't deserve what they are getting. But kids and our economy need it. And in the end, cause i need better return on my investment. It is ok to be selfish and greedy. It is the capitalism.

The able bodied collecting welfare is not collateral damage due to fraud. It's just stupidity on the part of the government. Just cut off their undeserved welfare and watch how quickly they find a job at Taco Bell.

31   FortWayne   2017 Jun 19, 7:59am  

Much agreed.

Strategist says

FortWayne says

Free everything never works out, seems to run out of money

You have a good point, however, education is not an expense, it is an investment. It's the only path to progress.

32   Goran_K   2017 Jun 19, 9:07am  

Nobody says

Goran,

No, the message is to tax the rich already. There is no reason for us to keep giving tax break. If I am paying 40% for the tax, so should the rich people like Romney.

That is not the message of the article you posted. Don't be deceitful. Reeves is not ONLY targeting the mega millionaires like Romney, or the mega billionaires like the Koch brothers, Bloomberg, or Soros. He's openly asking for the top 20% of wage/income earners to pay much more in taxes, the $150,000 type earners.

He makes this claim because like anyone who can do basic arithmetic, if you totally liquidated the assets of the 1%, you could never implement or pay for the type of socialist THEFT that idiots like Bernie Sanders continually shrieks about any time someone puts a microphone in front of him. Free college, healthcare, and housing is ridiculously expensive. Socialist Sanders loves to scream about his rainbow land, but he'll never discuss what it cost because the truth is too burdensome for someone who deals with fantasy.

The main meat of that article complains about the 1% AND top 20% pulling away from the bottom 80% because of supposed "unfair advantages" which the author does not honestly represent. Reeves is basically advocating for full on socialism because he believes the top 20% of wealthy in the country did not earn their wealth fairly, that's a very Marxist view of wealth.

Here's another quote from the article which sets that point home:

In part because the 20 percent are so much bigger than the one percent. If you are going to raise a considerable amount of new income tax revenue to finance social programs, as many Democrats want to do, dinging the top one percent won’t cut it: They are a lot richer, but a lot fewer in number. And if you are going to provide more opportunities in good neighborhoods, public schools, colleges, internship programs, and labor markets to lower-income families, it is the 20 percent that are going to have to give something up.

Like I said, Reeves, in his lunacy, thinks being able to afford to live in a good zip code, a 529 plan, helping your child pay for a house, and using personal connections to get them jobs is now "keeping poor people down". He never addresses how a Top 20 percenter actually EARNED all those advantages, he just assumes it's ill-gotten, and therefore unfair. The truth is, the majority of poor people are poor because of poor decision making in their life, and they stay poor because of continued poor decisions.

The majority of wealthy are not poor because they made good life decisions.

Poor decisions lead to poor outcomes. It's really that simple.

The funny part is Annie Lowry (author) uses Brookings Institute research from Reeves (far left leaning research house) to back up her main points about "sizable" wage and investments advantages that the Top 20% have.

Do you know what the Brookings Institute released a large study 5 years ago which made the complete OPPOSITE claim about Capitalism and income mobility in the United States? According to their research involving multi-decade data, they found you only have to do 3 basic things to NOT remain poor in the United States:

1. Graduate from high school.
2. Don't have children before marriage.
3. Get a job.

If you do those 3 things, the income mobility shown by that segment of their data not only didn't "stay poor", the majority became middle and upper class. They BECAME part of the Top 20%, which Reeves is now shitting on, by simply making good decisions in their lives. Funny that huh?

Reeves is a huge Marxist asshole who probably hasn't accomplished much in his life, and wants him and other losers to have a scapegoat about why he never made it in life. It's classic Marxist "blame the capitalist" tired bull shit that's been around for over 200 years. There's nothing nuanced in this article, and the fact that you're trying to pass it off as some attack ONLY on the 1%'ers shows you either didn't read the article or you're purposefully misrepresenting what was written by Annie Lowry and Reeves. So at least be honest about what was written in the article. We can't have a debate if you're going to post something and then misrepresent what was actually written and concluded.

33   NDrLoR   2017 Jun 19, 9:17am  

"The book traces the way that the upper-middle class has pulled away from the middle class and the poor on five dimensions: income and wealth, educational attainment, family structure, geography, and health and longevity."

It wasn't mentioned in the review, but of these five I think it has been proven time and again that family structure is the most important determinant of future success and also can heavily influence health and longevity. The married to each other mother and father and children they choose to have after marriage is the best predictor for future success. While it may appear simplistic, it reflects the presence of good judgment of character, the ability to defer gratification for future reward, honesty, which tend towards wealth accumulation--in short what used to be called the Protestant work ethic. And I might add religious observance in the Christian tradition. All these qualities were present in my parents and the 12 couples with whom they were friends from 1924 until the end of their lives. Blended step families are at a distinct disadvantage because they tend to dissipate wealth in the processes of child support for minor children living with the other spouse and the loss of equity when a home or property are divided up. Co-habiting and shacking up couples don't even come close as they reflect a cut-and-run mentality and the phenomenon of on-again off-again so common among co-dependent people.

34   Goran_K   2017 Jun 19, 9:26am  

Seriously, I challenge anyone to read this conclusion from Annie Lowrey, and not see how this author is just some loser who is jealous of people who actually accomplished something in life, unlike her, because they made good decisions and she didn't and now she can't make $150,000 a year because of "unfair advantages".

Members of the upper-middle class, as those viral stories show and Reeves writes, love to think of themselves as members of the middle class, not as the rich. They love to think of themselves as hard workers who played fair and won what they deserved, rather than as people who were born on third and think they hit a triple. They hate to hear that the government policies they support as sensible might be torching social mobility and entrenching an elite. That elite is them.

What a bitter Marxist bitch.

35   Nobody   2017 Jun 19, 9:29am  

Strategist says

The able bodied collecting welfare is not collateral damage due to fraud. It's just stupidity on the part of the government. Just cut off their undeserved welfare and watch how quickly they find a job at Taco Bell.

So your choice is not to pay the tax to give the equal opportunity to our kids, because you can't stand a few percent of your tax goes to the deadbeat welfare recipients.

My take is simple. The government has paid for my education through university. Yes, I went a private university. I am making a respectable salary, and I feel that the government has the right to the return on their investment. Call me liberal. But I am a capitalist. I understand it is important to pay the return to the investors, or there will be no more investment. The investors understand that their money could be lost on the fraud, as it happens often.

As for the statistics, I am going to say it again. Not everyone can be the 1%.

36   Strategist   2017 Jun 19, 9:40am  

Goran_K says

Like I said, Reeves, in his lunacy, thinks being able to afford to live in a good zip code, a 529 plan, helping your child pay for a house, and using personal connections to get them jobs is now "keeping poor people down". He never addresses how a Top 20 percenter actually EARNED all those advantages, he just assumes it's ill-gotten, and therefore unfair. The truth is, the majority of poor people are poor because of poor decision making in their life, and they stay poor because of continued poor decisions.

Talking about poor decision making.....Most lottery winners end up frittering away their winning, and are back to square one in a couple of years. How is the top 20% responsible for their stupidity?

37   Goran_K   2017 Jun 19, 9:57am  

Strategist says

Talking about poor decision making.....Most lottery winners end up frittering away their winning, and are back to square one in a couple of years. How is the top 20% responsible for their stupidity?

It's crazy man. I feel like the babies have taken over the Democrat party.

None of these people understand the meaning of culpability. They want to blame everyone else for their failures in life.

These people should fix their own fucking life. Get a job, do something, stop bitching about other people. It makes them look like weak ass bitches when they spend all their time complaining about other people all the time.

"Oh boo hoo, you make a lot of money, you ruined my life. I can't succeed because Bill Gates is a billionaire. Your kids live in a nice house which oppresses me!"

I can't even take these people like Annie Lowrey seriously anymore. When Black men are committing 50% of the violent crime in the United States, and have a 35% high school graduation rate, how the fuck is my big house and 529 college plans causing that?

38   Strategist   2017 Jun 19, 10:09am  

Goran_K says

When Black men are committing 50% of the violent crime in the United States, and have a 35% high school graduation rate, how the fuck is my big house and 529 college plans causing that?

Just 35% of Black men finish high school? I'm taken aback. I guess free college is of no use to the 65% who drop out.
The best way to help young Black men is to make them work for their welfare check. Be a janitor. Clean the freeways. Learn a trade. Every person has some skills, lets use it.

39   NDrLoR   2017 Jun 19, 11:27am  

Nobody says

to give the equal opportunity to our kids

Equality in any realm has never nor will ever exist. There are too many variables for it to ever exist.

40   Automan Empire   2017 Jun 19, 11:39am  

I wish the notion of "trickle down economics" would die already. As if benefits must all accrue at the top first, and THEN trickle down to the rest of society.

People love to jump to nonsense arguments like IF YOU CONFISCATE ALL THE WEALTH OF THE TOP 1% IT WOULDN'T FUND YOUR SOCIALIST PARADISE OF GIVING FREE SHIT TO EVERYONE SO JUST LEAVE THE FUCKED UP SYSTEM AS IS.

Nobody seriously engaging the topic of economic policy is recommending taking "all" or even "most" of the wealth of wealthy people. The main argument is, they should pay at minimum the same nominal tax rate as everyone else. This would bring down the tax obligation of everyone and improve the overall economy. It's irrational the way working people paying over 30% tax rate argue that those making more should pay 15% or less. So many people naively doing the bidding of oligarchs and arguing away their own self-interests.

Comments 1 - 40 of 204       Last »     Search these comments

Please register to comment:

api   best comments   contact   latest images   memes   one year ago   random   suggestions