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Median net worth in the United States falling

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Median net worth in the United States falling

Postby Beaver » Tue Nov 27, 2012 9:55 pm

I say we tax the rich.

In 2010, America’s Median Wealth Was At Lowest Point Since 1969
http://thinkprogress.org/economy/2012/1 ... ?mobile=nc

"Median net worth in the United States reached its lowest point since 1969 in 2010, according to a new study by Professor Edward Wolff at New York University. Moreover, according to Wolff’s research, inequality skyrocketed as a consequence of the Great Recession, taking resources away from middle class, minority, and young families while the wealthy made significant gains.

Wolff’s study tracked changes in overall household wealth by race, class, and age from 1962 to 2012. He found that in the past 20 years, average wealth among wealthy families rose substantially whereas the middle class and poor lost out. Indeed, the average family in the bottom 40 percent of Americans had a substantially negative net worth as a consequence of indebtedness:"
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Re: Median net worth in the United States falling

Postby gargantua » Tue Nov 27, 2012 10:33 pm

You mean we should be takers from the makers? That would be......socialism!!!
The makers deserve to have and keep more and more money. Do you know why they deserve it?

Because they're rich. I can't believe it even needs to be said, but if you are rich, clearly you are better than people who are not as rich as you are. Thus you are a more deserving and worthy person.

People who watch Fox News know this. The rest of you need to get with the program. Go buy some stocks, trade some derivatives, be born to rich relatives. You can do this!
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Re: Median net worth in the United States falling

Postby Meade » Wed Nov 28, 2012 8:27 am

How much should we take from the rich? Why not hit them over their rich heads and take everything they've got? Why wouldn't that be fair?
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Re: Median net worth in the United States falling

Postby wack wack » Wed Nov 28, 2012 9:04 am

Meade wrote:How much should we take from the rich? Why not hit them over their rich heads and take everything they've got? Why wouldn't that be fair?


That would be fair.
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Re: Median net worth in the United States falling

Postby rabble » Wed Nov 28, 2012 9:08 am

No, that would be satisfying.

What would be fair would be to go back to the good old days that the Republicans love so much and start taxing at, say, the 1955 rates.

THAT would be fair.
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Re: Median net worth in the United States falling

Postby fisticuffs » Wed Nov 28, 2012 9:10 am

Or we could raise the minimum wage, close the loopholes that allow the exec to get paid in tax minimizing stock options, cap the amount execs can pay themselves versus the average worker, mandatory profit sharing, something anything to get these guys to invest in their employees, and their businesses instead of just themselves. Not a single one of them is worth 400 times the average worker.
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Re: Median net worth in the United States falling

Postby peripat » Wed Nov 28, 2012 9:14 am

Then there are inheritance taxes. Isn't it also socialism when the heirs of the 'makers' get all that money they didn't work for?
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Re: Median net worth in the United States falling

Postby wack wack » Wed Nov 28, 2012 9:21 am

Don't forget to flip capital gains and earned income.
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Re: Median net worth in the United States falling

Postby snoqueen » Wed Nov 28, 2012 10:17 am

I say we totally get rid of the mortgage deduction so it's more expensive for the takers to own a house. Then they'll have to rent from us, and we can jack up the rent some more.
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Re: Median net worth in the United States falling

Postby ArturoBandini » Wed Nov 28, 2012 11:02 am

rabble wrote:What would be fair would be to go back to the good old days that the Republicans love so much and start taxing at, say, the 1955 rates.

Can you give me an example of Republicans loving the good old days of the 1950's?

I say we go back to the tax rates of, maybe, 1895.
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Re: Median net worth in the United States falling

Postby Meade » Wed Nov 28, 2012 11:06 am

1 What type of benefits are you looking for?

Career Development Assistance
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http://www.benefits.gov/
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Re: Median net worth in the United States falling

Postby Mean Scenester » Wed Nov 28, 2012 11:18 am

ArturoBandini wrote:I say we go back to the tax rates of, maybe, 1895.

You pick the year whose Supreme Court decision regarding tax policy is directly responsible for the 16th Amendment which, as a "small l" libertarian, you presumably abhor?

You're a fucking enigma, man.

Oh ... and an idiot.
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Re: Median net worth in the United States falling

Postby ArturoBandini » Wed Nov 28, 2012 11:38 am

Mean Scenester wrote:
ArturoBandini wrote:I say we go back to the tax rates of, maybe, 1895.

You pick the year whose Supreme Court decision regarding tax policy is directly responsible for the 16th Amendment which, as a "small l" libertarian, you presumably abhor?
I don't see what's wrong with 1895. Yes, I abhor the income tax. In Pollock, the court took a stand against direct, unapportioned taxes, and this stand was strong enough to require a constitutional amendment to overcome.
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Re: Median net worth in the United States falling

Postby doppel » Wed Nov 28, 2012 11:59 am

Don't worry your pretty little heads. Our median net worth in the United States will probably be negative by the time Obama gets done raising the national debt.
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Re: Median net worth in the United States falling

Postby fisticuffs » Wed Nov 28, 2012 12:00 pm

What policies has Obama enacted that are contributing to the national debt?
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