American Dream!?

travisw said:
Not to get in the way of everyone calling each other dolts and miserable pieces of shit and whatnot, but I was just reading a paper from a couple of guys at Harvard about whether or not a rising tide does lift all boats or not. http://andrewleigh.org/pdf/TopIncomesGrowth.pdf

They don't argue that trickle down policies don't work but do contend, "There appears to be some trickle-down effects in the long run, but since the impact of a change in inequality on economic growth is quite small, it is difficult to be sure from our estimates whether the bottom 90% will really be better off or not."

Essentially the policies don't deliver nearly as much as many claim and their effects are quite small.
Click to expand...

The phrase *A rising tide lifts all boats* does not infer that the little boats will rise faster.

Because people are financially mobile it is hard to apply class philosophy to the issue.
 
abandonconflict said:
Oh, so you're not rich and never will be. I'll ask my question to an actual rich person.
Click to expand...

According to the IRS, NLXSK1 makes more than 75% of Americans, seems pretty well off to me.



[h=2]Who Pays Income Taxes and How Much?[/h]
Tax Year 2009​

[TD="width: 148"]
Percentiles Ranked by AGI​
[/TD]
[TD="width: 148"]
AGI Threshold on Percentiles​
[/TD]
[TD="width: 148"]
Percentage of Federal Personal Income Tax Paid​
[/TD]

[TD="width: 148"]
Top 1%​
[/TD]
[TD="width: 148"]
$343,927​
[/TD]
[TD="width: 148"]
36.73​
[/TD]

[TD="width: 148"]
Top 5%​
[/TD]
[TD="width: 148"]
$154,643​
[/TD]
[TD="width: 148"]
58.66​
[/TD]

[TD="width: 148"]
Top 10%​
[/TD]
[TD="width: 148"]
$112,124​
[/TD]
[TD="width: 148"]
70.47​
[/TD]

[TD="width: 148"]
Top 25%​
[/TD]
[TD="width: 148"]
$66,193​
[/TD]
[TD="width: 148"]
87.30​
[/TD]

[TD="width: 148"]
Top 50%​
[/TD]
[TD="width: 148"]
$32,396​
[/TD]
[TD="width: 148"]
97.75​
[/TD]

[TD="width: 148"]
Bottom 50%​
[/TD]
[TD="width: 148"]
<$32,396​
[/TD]
[TD="width: 148"]
2.25​
[/TD]

[TD="width: 443, colspan: 3"] Note: AGI is Adjusted Gross Income
Source: Internal Revenue Service
[/TD]
 
beenthere said:
According to the IRS, NLXSK1 makes more than 75% of Americans, seems pretty well off to me.



Who Pays Income Taxes and How Much?

Tax Year 2009​
Percentiles Ranked by AGI​

[TD="width: 148"]
AGI Threshold on Percentiles​
[/TD]
[TD="width: 148"]
Percentage of Federal Personal Income Tax Paid​
[/TD]

[TD="width: 148"]
Top 1%​
[/TD]
[TD="width: 148"]
$343,927​
[/TD]
[TD="width: 148"]
36.73​
[/TD]

[TD="width: 148"]
Top 5%​
[/TD]
[TD="width: 148"]
$154,643​
[/TD]
[TD="width: 148"]
58.66​
[/TD]

[TD="width: 148"]
Top 10%​
[/TD]
[TD="width: 148"]
$112,124​
[/TD]
[TD="width: 148"]
70.47​
[/TD]

[TD="width: 148"]
Top 25%​
[/TD]
[TD="width: 148"]
$66,193​
[/TD]
[TD="width: 148"]
87.30​
[/TD]

[TD="width: 148"]
Top 50%​
[/TD]
[TD="width: 148"]
$32,396​
[/TD]
[TD="width: 148"]
97.75​
[/TD]

[TD="width: 148"]
Bottom 50%​
[/TD]
[TD="width: 148"]
<$32,396​
[/TD]
[TD="width: 148"]
2.25​
[/TD]

[TD="width: 443, colspan: 3"] Note: AGI is Adjusted Gross Income
Source: Internal Revenue Service[/TD]
Click to expand...

Not trolling or anything but why use 2009, was it the newest they had?
 
NLXSK1 said:
The entire economy is trickle down but none of these knuckleheads seem to understand that...
Click to expand...

"Aggregate Demand" can of course build an economy, but "Aggregate Supply" of capital is of course NONSENSE...
/sarcasm.

your summation is delightfully succinct bro.

people with big fat sacks of cash in matresses or buried in coffee cans in the back yard are letting their money rot away through inflation, while "investing" in even a savings account with 2-3% interest can at least hold inflation at bay while the bankers put that money to work which will of course drive more economic activity, causing that money to actually GROW, even after the bankers take their cut.

meanwhile, when GOVERNMENT takes that money and redistributes it, every dime gets fondled caressed, and molested by numerous bureaucrats who each shave off a little piece for themselves until that dime, when it finally hits the streets, is now a nickel.

but bankers eventually handle EVERY dime, and take their cut, so the magic of compound interest and exponential mathematics ensures that bankers will never be poor.

/sarcasm
thats just WRONG! we should hang them by their toes and beat them with iron rods, then put a group of highschool dropouts and financially illiterate Occupy-Tards in their place to manage those institutions, then you'll REALLY see some Progress*
/sarcasm
 
NLXSK1 said:
When the economy does better rich people make more money.

Rich people making more money spend more money.

The money they spend trickles down to the business owners who have more money to expand or pay better wages.

The people that are getting paid better buy more things and the cycle continues.

Trickle down does not guarantee that you get rich sitting on your ass, it describes a rising tide lifting all boats.
Click to expand...

2007-09-14-happy-pink-unicorn.jpg
 
The logic of capitalism almost got through to UB but he countered with his magical horse shield...
 
NLXSK1 said:
The logic of capitalism almost got through to UB but he countered with his magical horse shield...
Click to expand...

capitalism and trickle down are two different things entirely.

the former works when implemented correctly, the latter is as real as the unicorns i am posting.
 
NLXSK1 said:
So predictable...

UB tears down anyone who is a success by making gay slurs.

It just demonstrates how insecure he really is. He is such a failure and takes it out on everyone not like him...
Click to expand...

dude.


duuuuuuuuude.

you just told this forum that you "service" 10-15 people day at $20 a pop.

what the fuck else are we supposed to think you are doing?
 
Why are progressives so afraid of something they can't comprehend (capitalism)?

OOOH, the big bad 1% monster is coming to get them.:hump:
 
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