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Income Inequality
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 Income Inequality
April 29, 2015 at 10:30 am
(This post was last modified: April 29, 2015 at 10:31 am by Neo-Scholastic.)
Just a thought but it seems like part of income inequality stems simply from compound interest. There may be some exploitation sure but it seems that longer held wealth builds on itself to outpace the growth of more recent investor's money. Just a speculation.
RE: Income Inequality
April 29, 2015 at 10:35 am
(This post was last modified: April 29, 2015 at 10:35 am by The Grand Nudger.)
Old money has been gathering interest longer, and is therefore a larger sum from which to calculate further interest. I think, though, that when people discuss income inequality, they're talking about the difference between those -who can invest- and those who cannot.... not who, from a group of two investors, got in earlier and thus draws a greater stipend, eh?
I am the Infantry. I am my country’s strength in war, her deterrent in peace. I am the heart of the fight… wherever, whenever. I carry America’s faith and honor against her enemies. I am the Queen of Battle. I am what my country expects me to be, the best trained Soldier in the world. In the race for victory, I am swift, determined, and courageous, armed with a fierce will to win. Never will I fail my country’s trust. Always I fight on…through the foe, to the objective, to triumph overall. If necessary, I will fight to my death. By my steadfast courage, I have won more than 200 years of freedom. I yield not to weakness, to hunger, to cowardice, to fatigue, to superior odds, For I am mentally tough, physically strong, and morally straight. I forsake not, my country, my mission, my comrades, my sacred duty. I am relentless. I am always there, now and forever. I AM THE INFANTRY! FOLLOW ME!
Income inequality stems from the fact the means of production and capital are privately owned by a small group of people. There is nothing more to explain about it
Whoever fights monsters should see to it that in the process he does not become a monster. And if you gaze long enough into an abyss, the abyss will gaze back into you
 RE: Income Inequality
April 29, 2015 at 11:20 am
(This post was last modified: April 29, 2015 at 11:22 am by Faith No More.)
Sure, compound interest is a factor in income equality, but I'd say its relevance to finding a solution is insignificant.
Even if the open windows of science at first make us shiver after the cozy indoor warmth of traditional humanizing myths, in the end the fresh air brings vigor, and the great spaces have a splendor of their own - Bertrand Russell
Interest rates are so low that they are virtually a non-factor.
The graphs show that income inequality began as soon as Reagan pushed his tax reform for the rich through congress. It has been a downhill death spiral ever since. 
It existed before Ronny was born.
Remember making money from finance means making money from other peoples debt and that is how the rich get richer.
They live on the shattered dreams and broken bodies of the poor. You can fix ignorance, you can't fix stupid. Tinkety Tonk and down with the Nazis.
It is not a question of "did it exist." It is a question of "was it economic policy?"
![[Image: earnings%20growth%20mishel.png]](https://images.weserv.nl/?url=cdn.theatlantic.com%2Fstatic%2Fmt%2Fassets%2Fbusiness%2Fearnings%2520growth%2520mishel.png) ![[Image: wealth-will-trickle-down.jpg]](https://images.weserv.nl/?url=www.leedems.org%2Fwp-content%2Fuploads%2F2012%2F07%2Fwealth-will-trickle-down.jpg)
 RE: Income Inequality
April 29, 2015 at 7:12 pm
(This post was last modified: April 29, 2015 at 7:13 pm by Polaris.)
(April 29, 2015 at 12:00 pm)Minimalist Wrote: Interest rates are so low that they are virtually a non-factor. Didn't taxes get raised 11 times during his administration along with the institution of the AMT?
But if we walk in the light, as He is in the light, we have fellowship with one another, and the blood of Jesus, His Son, purifies us from all sin.
Reagan slashed income tax rates on the wealthiest from 70 to 28%.
Then he tinkered around the edges of some deductions but also raised Social Security taxes and gasoline taxes. Republicunts don't mid regressive taxes like social security and gasoline and sales taxes because those hit the poor disproportionately. But income taxes hit THEM and the motherfuckers won't stand for that! It's going on in Kansas as we speak. http://www.kansascity.com/news/governmen...52741.html Quote:Brownback's plan to hike Kansas sin taxes gets little support in the Legislature But heaven forbid that rich motherfuckers pay their fair share. |
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