Soaking the rich doesn’t work

[bobabode]

Originally Posted by finnbow

I thought it was distasteful for Republicans to be jealous of wealthy people - class warfare and all that rot.

They're shapeshifters par excellance.

[whell]

Originally Posted by merrylander

Screw Forbes by all reports lately it is coming from crowd sourcing a new phenomena.

Sure. Crowd funding can be a great supplementary funding source.

[whell]

Originally Posted by finnbow

I thought it was distasteful for Republicans to be jealous of wealthy people - class warfare and all that rot.

I thought the left hated the rich...unless they're rich Dems.

[sheltiedave]

Soaking the rich is part of what created the middle class in America, Whell.

Giving the lower class access to college education, jobs that paid well, and opportunity to move up economically in a production based economy worked well for seventy years. Heck, most people managed to do it with just one parent working full time. Nowadays, you can pretty much kick that dream to the curb.

In 1980, my annual college bill at a private university WITH room and board was $4 grand a year. Today, at the same school, it won't even cover the first month's payment. My wife finished her accelerated nursing school and owed about $50 grand for the one year program. If she did the same program over four years, she would owe about $180,000.

The middle class, for the most part, does not talk the language of wealth management. We focus on paying bills and saving what we can. The lower class normally is a paycheck away from not paying bills.

What we have seen is tax laws and loopholes that favor the wealthy, and legislation that favors the wealthy, and a political party that attempts to demonize unions, when prevailing scale for government contract jobs are set by negotiated union contracts, and private scale is usually $20,000 less for the area, with zero benefits.

Whell, with all your abilities, would you please cite where a wealth creator started a new business with his/her tax cut wealth in the past five years that directly resulted in the hiring of 2000 skilled union craft?

[BlueStreak]

Originally Posted by whell

I thought the left hated the rich...unless they're rich Dems.

No, we hate stingy pricks. There just happen to be more of those voting Republican, these days............

Dave

[BlueStreak]

Originally Posted by sheltiedave

Soaking the rich is part of what created the middle class in America, Whell.

Giving the lower class access to college education, jobs that paid well, and opportunity to move up economically in a production based economy worked well for seventy years. Heck, most people managed to do it with just one parent working full time. Nowadays, you can pretty much kick that dream to the curb.

In 1980, my annual college bill at a private university WITH room and board was $4 grand a year. Today, at the same school, it won't even cover the first month's payment. My wife finished her accelerated nursing school and owed about $50 grand for the one year program. If she did the same program over four years, she would owe about $180,000.

The middle class, for the most part, does not talk the language of wealth management. We focus on paying bills and saving what we can. The lower class normally is a paycheck away from not paying bills.

What we have seen is tax laws and loopholes that favor the wealthy, and legislation that favors the wealthy, and a political party that attempts to demonize unions, when prevailing scale for government contract jobs are set by negotiated union contracts, and private scale is usually $20,000 less for the area, with zero benefits.

Whell, with all your abilities, would you please cite where a wealth creator started a new business with his/her tax cut wealth in the past five years that directly resulted in the hiring of 2000 skilled union craft?

Exactly. +1.

Dave

[Pio1980]

But soaking everyone else is working Sooooo well.

Sent from my SM-N900V using Tapatalk

[mpholland]

I suppose the right should praise a democrat. It was Kennedy who got the ball rolling on lowering taxes in the early 60's from 90% to 70%. He was right to a point. 90% probably was a bit high, and the high tax rates had pretty much been in place since WWII. The economy did get much better after the tax rates were lowered. That is where the republicans gleaned their slogan of lowering taxes helping the economy. Problem is that that strategy only works to a point, and Reagan took it past the limit. There have been prosperous times in America since, but it had nothing to do with taxation of the rich in either direction.

[nailer]

Bretton Woods doing what is was designed to do caused the recession in our economy that resulted in Kennedy becoming President instead of Nixon.

One of the most amusing aspects of our political game is how the President claims/gets the credit/blame for whatever happens.

[Boreas]

Originally Posted by nailer

Brenton Wood doing what is was designed to do caused the recession in our economy that resulted in Kennedy becoming President instead of Nixon.

Are you suggesting that the purpose of the Bretton Woods Conference was to undermine the US economy?

John