The One Cause of Poverty That’s Never Considered

[Kfox]

You seriously don't have a clue of how macro-economics works. As anthropologists, we study societies all over the world, past and present. We know what income disparity can do to a society as it has happened so many times in the past.

Then provide some examples of when income inequality was at it’s greatest in the USA and the poor was worse off as a result. I’ve already provided some examples on post #130 when inequality lead to the poor better off to make my case; how about if you do the same to make your case

Sorry, but I'm not going to waste my time with your ignorance of the subject because I don't think you'd ever agree with the reality of the negative effects of income disparity.

Ahh so you aren't gonna waste your time with my ignorance? Of course! Why am I not surprised.

 

[Kfox]

Just for the record: Elon Musk's SpaceX has spent nearly $1.8 million on political lobbying this year, CNBC first reported. Meanwhile, Jeff Bezos' Blue Origin has spent just under $1.4 million, data from Open Secrets shows.-- Elon Musk's SpaceX has spent nearly $1.8 million on political lobbying this year, more than Jeff Bezos' Blue Origin.

And how are the middle income and poor worse off due to this? I think they are better off due to the jobs those companies create and the taxes generated as a result.

 

[Heyo]

Interesting that you consider the only two options to be a Trump coup or the same old same old. What about an anarcho-syndicalist commune, where everyone takes turns to be a sort of executive officer for the week?



Still works out the same.

:Winner:

 

[Heyo]

Just for the record: Elon Musk's SpaceX has spent nearly $1.8 million on political lobbying this year, CNBC first reported. Meanwhile, Jeff Bezos' Blue Origin has spent just under $1.4 million, data from Open Secrets shows.-- Elon Musk's SpaceX has spent nearly $1.8 million on political lobbying this year, more than Jeff Bezos' Blue Origin.

:informative:

 

[Lyndon]

The Stock Market was at record high, and Unemployment was near record low under Trump. The poor, and minority business did very well under his administration as well.

you're totally out of touch with reality, I run a small business and times were not booming under Trump at all, in fact they were much worse than under Obama

 

[Heyo]

That isn't profiting from the poor.
Moreover, I don't believe that anyone enjoys
wealth because there are poor people.

There are a lot of people who enjoy their wealth and wouldn't give away any of it - even when the poor have to pick up the tab for them.

 

[mikkel_the_dane]

Yes there is a lot of jealousy by those who have less, rather than being happy they have more, they are unhappy because the other guy got a lot more. This is more of a jealousy problem than an economic one. ...

I am one of them. So you can read my mind.

 

[Revoltingest]

Interesting that you consider the only two options to be a Trump coup or the same old same old. What about an anarcho-syndicalist commune, where everyone takes turns to be a sort of executive officer for the week?

It's more fun to imagine that you envisioned Trump's reign.

 

[Revoltingest]

There are a lot of people who enjoy their wealth and wouldn't give away any of it - even when the poor have to pick up the tab for them.

How are the poor picking up the tab?
I've never seen them or even the hoi polloi
at restaurants treating the gentry to meals.

 

[Revoltingest]

Yes there is a lot of jealousy by those who have less, rather than being happy they have more, they are unhappy because the other guy got a lot more. This is more of a jealousy problem than an economic one.

True dat.
We see much of it here on RF.

Absurd. I can’t believe there are still people in the real world who still believe this. The US economy is NOT based on a zero/sum game, it is constructed in a way that there is unlimited potential for growth.

Consistent with their plight, many of the jealous poor don't
understand that creation of wealth can be done more ways
than working for more money. They can also cut their expenses,
or add value to things they own by sweat equity.

The reason we got off the Gold standard is because there is only a limited amount of gold in existence, but there is an unlimited amount of wealth to be created in the USA. If you disagree, I challenge you to point to a specific incident (sometime this century) where the rich got richer at the expense of the poor.

How have Elon Musk and Jeff Bezos influenced democracy?
Most Political Action Committees (PAC’s) influence for the benefit of the middle income and the poor.

The poor wield great power with their & allies votes.
Just look at Democrats' promises to them...some have
even been carried out.
But note that I think they could a far better job with
the money available. The poor need more help, &
less punishment than they're currently receiving.

 

[Heyo]

How are the poor picking up the tab?
I've never seen them or even the hoi polloi
at restaurants treating the gentry to meals.

That may be because you are biased.

 

[Revoltingest]

That may be because you are biased.

Meh...everyone is biased.
But enuf about me...back to the issues...
That doesn't answer my question.

 

[Heyo]

Meh...everyone is biased.
But enuf about me...back to the issues...
That doesn't answer my question.

Someone has to pay taxes in a capitalist country. When the rich don't, the poor have to. That's how the rich get richer by letting the poor pay the taxes. When they pay into the system, they want return of investment, i.e. they finance campaigns of those who promise to cut taxes on the rich.

 

[Revoltingest]

Someone has to pay taxes in a capitalist country. When the rich don't, the poor have to. That's how the rich get richer by letting the poor pay the taxes. When they pay into the system, they want return of investment, i.e. they finance campaigns of those who promise to cut taxes on the rich.

You'll learn something if you look up statistics
on who pays how much in taxes, & who
receives how much in social assistance.
It's not what you think.

The poor expensive. I favor enabling them
to become more productive.

High-income Americans pay most income taxes, but enough to be ‘fair’?

By design, wealthier Americans pay most of the nation’s total individual income taxes.

www.pewresearch.org

Report: More Than Half of Americans Collect More in Welfare Than They Pay in Taxes

Only the top two income quintiles in the U.S. pay more in taxes than they receive in government transfers.

moneyandmarkets.com

 

[Kfox]

you're totally out of touch with reality, I run a small business and times were not booming under Trump at all, in fact they were much worse than under Obama

I'm sure there are plenty of business that did poorly under Trump, but there were a lot that did good under Trump. Under Trump;

*The unemployment rate for blacks reached a record low of 5.2 percent and black labor-force participation reached 63.2 percent,
*Black home ownership rose to nearly 50%
*Black weekly earnings rose at a slightly higher rate than white weekly earnings.

African Americans and the Economy under Trump | National Review

Democrats may not have noticed how the black community benefited from this economy, but black voters sure did.

www.nationalreview.com

 

[Heyo]

You'll learn something if you look up statistics
on who pays how much in taxes, & who
receives how much in social assistance.
It's not what you think.

The poor expensive. I favor enabling them
to become more productive.

High-income Americans pay most income taxes, but enough to be ‘fair’?

By design, wealthier Americans pay most of the nation’s total individual income taxes.

www.pewresearch.org

Report: More Than Half of Americans Collect More in Welfare Than They Pay in Taxes

Only the top two income quintiles in the U.S. pay more in taxes than they receive in government transfers.

moneyandmarkets.com

This statistic?

 

[Kfox]

I am one of them. So you can read my mind.

Naaw not reading your mind; just a common observation of human nature.

 

[Revoltingest]

View attachment 73780

This statistic?

Income inequality isn't the claim you're making.
How do the wealthy profit from poor people?
Or that the poor are picking up the tab for the wealthy?
It looks like the poor are just a burden.
Dang...losing track of what we're talking about.

 

[metis]

Yes! Under Obama, we sunk to the worse recession since the Depression and began coming out of it.

The Great Recession started under Bush, not Obama, and the congressional Pubs fought any bailout until they were told by economists that our entire economic system could crash until the DOW took a big noser and woke them up.

 

[Revoltingest]

The Great Recession started under Bush, not Obama, and the congressional Pubs fought any bailout until they were told by economists that our entire economic system could crash until the DOW took a big noser and woke them up.

Could it be related to Bush's (don't read his lips) income tax increase?