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US income inequality at record high

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Let's keep it in the 21st century here buddy. You sound like someone who has never known poverty to me......



....It's easy to reduce a complex web of social, economic, and cultural factors into a work/don't work dichotomy. No offense intended, but I sincerely doubt that you've ever been truly poor.

yes sir...let's keep up the ad hominem attacks...that'll move the ball down the field.

if you can't argue against their arguments, argue against THEM...

that will, at least, establish your moral superiority



davesignatureII-1.png
 
What constitutes "legitimate strive"? Is there any way to quantify such an ambiguous qualifier?

It's easy to reduce a complex web of social, economic, and cultural factors into a work/don't work dichotomy. No offense intended, but I sincerely doubt that you've ever been truly poor.

Fair enough. However, I have yet to see anything leaning toward proof that it is, in fact, harder to make it out of poverty here than either other places, or other times in this place. So it is a two-way street. How can one say, with impunity, that things are "unfair" here?

(By the way, I grew up pretty poor myself. So I guess that somehow qualifies me to comment? As if people who did not are somehow "not allowed" to comment on poverty?)
 
yes sir...let's keep up the ad hominem attacks...that'll move the ball down the field.

if you can't argue against their arguments, argue against THEM...

that will, at least, establish your moral superiority



davesignatureII-1.png

I'm not looking for moral superiority I'm looking for legitimate, honest debate. Claiming caveman had it worse than poor people in Jersey does not qualify.
 
Two things about the Laffer curve, which just knowing it exists is impressive.

There are many Laffer Curves, With their own assumptions that create their own unique results. IE the usual assumptions that if your tax at 100% no one will work and if you tax at 0% there will be no tax revenue. Both are debatable.

Second one has to wonder if the goal of the Laffer curve, to obtain maximum tax revenues is even desirable...

It's long been my view that there is an ideal tax rate, which is not defined necessarily by the largest amount of tax revenue, but rather by the largest GDP which results from government spending.

In other words, IMHO we need a certain amount of government spending on infrastructure, defense, and general public requirements. Spend less than that, the roads crumble, bridges fall down, hurricanes or tornados don't get predicted, etc. Spend too much and the tax burden becomes too restrictive.

Many folks are too quick to dismiss all government spending as wasteful and all government projects as boondoggles. Yet history has several shining examples of government projects which spurred this nation's growth, providing a phenomenal return on investment (and which private industry couldn't or wouldn't do). The Transcontinental Railroad completed in 1869 is a good example; it opened up the west for development.

The Panama Canal is another. Private industry tried but failed; massive American government funding (highly criticized at the time) completed what has now become one of the most important waterways in the world (and it was vital during World War 2).

The Interstate Highway System of the 1950's and 1960's is yet another. Again, it took massive government funding, but the interstates are vital for American business; not just for the truckers or regular drivers, but look at the number of businesses that grow up around Interstate interchanges. Private industry could not achieve the success of the Interstate system.

Again, I do believe that too much taxation will choke off the economy as well. There must be a balance; merely screaming that "taxes are too high and should be cut" is unrealistic.
 
What constitutes "legitimate strive"? Is there any way to quantify such an ambiguous qualifier?

To work one's tail off to get good grades in high school, stay out of trouble with the law, not impregnate any girls/do not become a pregnant girl, go to college and apply oneself, apply oneself in his chosen career, and stay married to only one person for life. How's that?


No offense intended, but I sincerely doubt that you've ever been truly poor.

Why would I take offense at that? I've been blessed to have lived my entire life in the United States of America, so of course I've never been truly poor. And neither have you.
 
so, is there ANYTING to be done, short of uprising?

Trying to avoid politics and using history as a guide, it appears that past episodes of gross inequality has led to revolutions, uprisings, etc. This is currently happening throughout much of the Middle East.

The Russian, American, and most other revolutions came about from unequal economic conditions. Yes, I fully realize that each of those noted nations took drastically different courses following their respective revolutions.

Leaving moral judgements out of it, based on similar historical conditions, I'd expect serious social unrest if this trend continues.
 
I'm not looking for moral superiority I'm looking for legitimate, honest debate. Claiming caveman had it worse than poor people in Jersey does not qualify.

and neither does insulting your adversary



.....Why would I take offense at that? I've been blessed to have lived my entire life in the United States of America, so of course I've never been truly poor. And neither have you.

TOUCHE'

davesignatureII-1.png
 
It's long been my view that there is an ideal tax rate, which is not defined necessarily by the largest amount of tax revenue, but rather by the largest GDP which results from government spending.

In other words, IMHO we need a certain amount of government spending on infrastructure, defense, and general public requirements. Spend less than that, the roads crumble, bridges fall down, hurricanes or tornados don't get predicted, etc. Spend too much and the tax burden becomes too restrictive.

Many folks are too quick to dismiss all government spending as wasteful and all government projects as boondoggles. Yet history has several shining examples of government projects which spurred this nation's growth, providing a phenomenal return on investment (and which private industry couldn't or wouldn't do). The Transcontinental Railroad completed in 1869 is a good example; it opened up the west for development.

The Panama Canal is another. Private industry tried but failed; massive American government funding (highly criticized at the time) completed what has now become one of the most important waterways in the world (and it was vital during World War 2).

The Interstate Highway System of the 1950's and 1960's is yet another. Again, it took massive government funding, but the interstates are vital for American business; not just for the truckers or regular drivers, but look at the number of businesses that grow up around Interstate interchanges. Private industry could not achieve the success of the Interstate system.

Again, I do believe that too much taxation will choke off the economy as well. There must be a balance; merely screaming that "taxes are too high and should be cut" is unrealistic.

That's an awesome post Bill!

I could add many more examples, but I think you stated it pretty well.
 
Right from the very beginning the US had a government controlled and funded:

Navy, Army, Post Office, Legal System, etc.

ALL of which are "socialist".

Umm, no. There are forms of government that lie between socialism and anarchy. Socialism has to do with central production of goods and redistribution of wealth. None of the things you mentioned have any direct link to socialism.
 
Right from the very beginning the US had a government controlled and funded:

Navy, Army, Post Office, Legal System, etc.

ALL of which are "socialist".

that's also absurd....to advocate with we live without the government providing the things you listed is to advocate anarchy...no one is doing that...complete straw man

what we are discussing here is "how much else should government be doing"?

those things you describe are the basic functions of all government.....i mean, if government doesn't do THEM what do we have a government for.

to say that they are socialist just boggles the mind....especially because your implied position is "see, government does those socialist things, so anything else government wants to do is OK".....

also preposterous

so if we are against government handouts...that means we are against the Navy....and that means we are against all government...and that means we are anarchists....is that your logic?


davesignatureII-1.png
 
Umm, no. There are forms of government that lie between socialism and anarchy. Socialism has to do with central production of goods and redistribution of wealth. None of the things you mentioned have any direct link to socialism.

Socialism has to do with government ownership or control of means of production or provision of a service.

TVA? Socialism.
Post Office (at the time it was founded) - socialism.
 
Let's keep it in the 21st century here buddy. You sound like someone who has never known poverty to me. To refer to it as a high standard of living is insulting to every person who has worked to get out of it.

Actually my father never got out of the eighth grade, My mother had 8 kids. I know things that may surprise you.

And even though I am not thrilled with this nation it did give me an opportunity to not only get educated but to get ahead.

As I've mentioned I've been fortunate enough to spend time working in a lab. This allowed to meet many people from around the world. And talk with them

I just got out of a nice hot shower and yes I appreciate it.

I recently read Jared Diamonds book Gun Germs and steel.

A surely appreciate that shower. Man it is living large!
 
you need to go back and re-read history...

the American Revolution did NOT come about because of unequal economic conditions....preposterous!

it came about because we were governed with no say in HOW we were governed

davesignatureII-1.png

Dave, I always enjoy your posts.

Yes, part of it was governance, but I think most colonists would have accepted things as they were if so much American wealth wasn't going to England. I think the governance issue was a result of the economic inequalities between the colonies and England. In other words, how they were being governed was by taking much their wealth which eventually became untenable.

At any rate, my main point was that historical periods of great inequality has usually led to uprisings, revolutions, etc. The French revolution fairly fits my thesis as well.
 
that's also absurd....to advocate with we live without the government providing the things you listed is to advocate anarchy...

No, it's pure capitalism.

Private police forces, private courts, etc.

what we are discussing here is "how much else should government be doing"?

If the government is providing or controlling any means of production or provision of a service - it's an example of socialism.

The US is mixed economy, made up of capitalist and socialist segments.

If you're having a discussion about the government doing something... well, I'll throw out a quote for you:

Man: “Would you sleep with me for ten thousand dollars?”

Woman: “Yes.”

Man: “And would you for two dollars?”

Woman: “Why, what do you think I am!”

Man: “We’ve already decided that. Now we’re just haggling about price.”

You're haggling price.
 
Actually my father never got out of the eighth grade, My mother had 8 kids. I know things that may surprise you.

And even though I am not thrilled with this nation it did give me an opportunity to not only get educated but to get ahead.

As I've mentioned I've been fortunate enough to spend time working in a lab. This allowed to meet many people from around the world. And talk with them

I just got out of a nice hot shower and yes I appreciate it.

I recently read Jared Diamonds book Gun Germs and steel.

A surely appreciate that shower. Man it is living large!

As a purely anecdotal response to this, when I think I'm having a rough day, I remind myself that there's 2 billion people who'd gladly trade me.
 
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