Is Wealth Inequality the Future of Capitalism?

[mr lovah]

so what do you do pad? how have you improved yourself, or do you still live with mommy?

 

[Canna Sylvan]

Because structuring the tax system in a way that ensures the wealthy pay their share is "fucking over the top"...

When you liquidate, your cash is then taxed at a lower rate than if you made a salary. This is to promote risk that you consider fucking over the top. What you fail to realizr is for every successful businessman, there are scores more who lose it all. Why will a businessman risk so much without getting a payoff? America already has the highest corporate tax rate of anywhere in the world. You just don't understand because you're not a bussiness owner and a commie who has a knee jerk reaction about how unfair life is. Well, life ain't fair. Deal with it.

 

[mr lovah]

i think he blocked me lol

 

[Canna Sylvan]

the thing pad would never admit-


if he actually made good money and was in the upper tax brackets, he wouldn't complain about any of this and he certainly would not advocate for higher taxes

fucking hypocrite

That's untrue. Look at Warren Buffet. But it doesn't matter. People tith and give to a church which is only after money and lies about it being for god. I consider that worse than the liberal do gooder who lies it's about saving trees when banning plastic bags and charging a $0.25 tax per paper bag which will come in effect here in Comiefornia.

 

[ttystikk]

the thing pad would never admit-


if he actually made good money and was in the upper tax brackets, he wouldn't complain about any of this and he certainly would not advocate for higher taxes

fucking hypocrite

As it happens, plenty of the extremely wealthy do in fact 'complain' about this and actively advocate for change. George Soros, Bill Gates, Sir Richard Branson, Warren Buffett and many, many more all believe the current situation is untenable, unstable and unfair.

The average wealthy Republican is not so rich, they're more in the one to ten million net worth bracket. In the other hand, these people are also much more likely to have built their fortunes themselves.

'Richistan', by Robert Frank

http://www.amazon.com/Richistan-Journey-Through-American-Wealth/dp/0307339262

 

[mr lovah]

im saying if pad made more money, i'm sure he'd complain like everyone else does in the 35%+ brackets


My argument wasn't "if Pad was the richest man on earth...."

 

[mr lovah]

^lol you've mentioned a bunch of criminals as vocal advocates of higher taxes. Other than the name Bill Gates, I'm reading a few inside traders and a banker....lol

and i'm sure that if they could rewrite their own tax codes themselves, they'd all pay more than they currently do

(lololol)

 

[ttystikk]

im saying if pad made more money, i'm sure he'd complain like everyone else does in the 35%+ brackets


My argument wasn't "if Pad was the richest man on earth...."

Those in the income brackets we're concerned with make their money through investments and ownership, not wage income. Therefore, their tax bracket is closer to 15% than it is to 35%- and of course it's deferred until it's realized, rather than taken out before you even see your paycheck.

If that doesn't adequately illustrate the starkness of the divide between rich and the rest of us in this country, I have no hope of making it clearer.

 

[Canna Sylvan]

im saying if pad made more money, i'm sure he'd complain like everyone else does in the 35%+ brackets


My argument wasn't "if Pad was the richest man on earth...."

Unlike the richest man on earth, he'd be like all those professional athletes who lose over $100 million because of not understanding even a huge amount of money isn't endless.

 

[heckler73]

So I'm looking for something to play on the screen while I scribble away solving incoherent, "operator" proofs, and think, "I haven't watched a Perimeter Institute lecture in a while".
I go to the PI website, open up all the recent media they've uploaded...my eyes bug out when I see this amongst the immense list of physics lectures (holy shit...I didn't realize how much material they've put out recently):

http://perimeterinstitute.ca/videos/economic-inequality

Yup...physicists talking about economics

 

[Canna Sylvan]

Those in the income brackets we're concerned with make their money through investments and ownership, not wage income. Therefore, their tax bracket is closer to 15% than it is to 35%- and of course it's deferred until it's realized, rather than taken out before you even see your paycheck.

If that doesn't adequately illustrate the starkness of the divide between rich and the rest of us in this country, I have no hope of making it clearer.

Those who make an insane amount of money are like those working paycheck to paycheck.

It becomes an illness to make more and more money. Many work for decades like
Mike Lazaridis the founder of Blackberry who lost his empire.

 

[UncleBuck]

even though you had no part in their earning of it, some of it must be yours

that describes perfectly the false entitlement attitude of racists and white nationalists like you and desert dude.

you guys like to talk about which races have accomplished what and then take co-ownership of it, as if you hand any part in shaping western culture.

you didn't. you clean pools for a living. kynes stocks boxes at a big box store. desert dude is forever suckling off the government teat, whether it be for his degree or his living.

 

[Padawanbater2]

the thing pad would never admit-

if he actually made good money and was in the upper tax brackets, he wouldn't complain about any of this and he certainly would not advocate for higher taxes

I realizing it's tough for people like you to imagine caring about anything other than yourself, but you'd be surprised to find out a lot of Americans care more about the current and future state of the country, and the only proven successful way to strengthen a strained economy is ensure people who spend money have money to spend

 

[Canna Sylvan]

I realizing it's tough for people like you to imagine caring about anything other than yourself, but you'd be surprised to find out a lot of Americans care more about the current and future state of the country, and the only proven successful way to strengthen a strained economy is ensure people who spend money have money to spend

Which is why our dollar is becoming worthless. Caring has no place in capitalism.

Did I mention I'm not a capitalist? But you said you are.

Just because the game isn't turning out the way you like.

 

[Padawanbater2]

Which is why our dollar is becoming worthless. Caring has no place in capitalism.

Did I mention I'm not a capitalist? But you said you are.

Just because the game isn't turning out the way you like.

Complete nonsense

Henry Ford

Case closed

 

[Canna Sylvan]

Complete nonsense

Henry Ford

Case closed

Which is why I advocate for Technocracy not the mediocracy of democracy with capitalism.

 

[Padawanbater2]

Which is why I advocate for Technocracy not the mediocracy of democracy with capitalism.

Capitalism is so embedded in American culture, and indeed, most western culture, you will not change it. The only way it could change is with the complete collapse of the country

 

[Canna Sylvan]

Capitalism is so embedded in American culture, and indeed, most western culture, you will not change it. The only way it could change is with the complete collapse of the country

We're well on our way to that.

Our resources are becoming so limited, something will force my hand. The other alternative is we become a former shell of ourselves.

My way is more compassionate.

The road towards either mine or a collapse will be met with apprehension. It's not going to be pretty.

 

[Padawanbater2]

We're well on our way to that.

Our resources are becoming so limited, something will force my hand. The other alternative is we become a former shell of ourselves.

My way is more compassionate.

The road towards either mine or a collapse will be met with apprehension. It's not going to be pretty.

There is no valid basis to make that claim

The Great Depression is a testament to that, and if we reform campaign finance and get money out of politics it would change the entire economic climate, and we're well on our way to doing just that

 

[mr lovah]

There is no valid basis to make that claim

The Great Depression is a testament to that, and if we reform campaign finance and get money out of politics it would change the entire economic climate, and we're well on our way to doing just that

we can't even follow the constitutional clause 5 in article 1, section 8 to grant congress the sole power to coin our money

and you think we're on our way toward getting "money" out of politics?


your argument is fundamentally flawed because now you've argued TWO topics that DO NOT EXIST IN AMERICA: "money" nor "capitalism"