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#21
02-28-2003, 02:12 PM
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Re: \"the rich get richer\"
"the top income earning households are making a bigger share of the available income."
I agree with that sentence. Note that you didn't say the wealthiest households are making a bigger share... Top income-producers tend to have education and experience on their side, and thus can make even more in subsequent years. Sounds reasonable to me; work harder, bring home more dough. "What it all means is that over the last 20 years the USA has moved more in the direction of pure capitalism than socialism." --I don't have a problem with that. "As far as a black woman becoming a billionaire, I think it says something very positive about the opportunities available here to make money." --Bingo. 
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#22
02-28-2003, 02:16 PM
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Re: \"the rich get richer\"
"What it all means is that over the last 20 years the USA has moved more in the direction of pure capitalism than socialism."
--I don't have a problem with that. --------------- r we paying more in taxes? i think so.
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#23
02-28-2003, 02:23 PM
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Re: \"the rich get richer\"
"r we paying more in taxes? i think so."
--I know I am. I have to admit I haven't compared what I would be paying in taxes 20 years ago in the same job, same age. I'd love to see taxes lower than they are right now, but they could be a LOT worse under a more socialist setup.
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#25
02-28-2003, 02:47 PM
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Re: \"the rich get richer\"
"but how can we both be getting less socialist and more taxed?"
--We must be getting less socialist, otherwise the rich wouldn't be getting richer [img]/forums/images/icons/shocked.gif[/img] Actually, I think we're becoming more capitalist RELATIVE to the rest of the world as other countries become more socialist. It's my impression that while we may have increased taxes over the years, we've done it less than other countries. As usual, I have no data to support my claim, but it sounds good enough for me. When I say that we are more capitalist, I mean that there is no better country in the world for a competitive individual to increase his relative market value, and as a result, his net wealth. Okay, so that's a shoddy response, but cut me some slack... It is Friday, after all.
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#26
02-28-2003, 03:18 PM
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Re: \"the rich get richer\"
Good points you made above about the top quintile of income earners. I posted a link a few weeks ago about how the Bush tax plan would actually help middle and lower income earners more than the top earners. What's happened over the last 20 years is that the top income producers are also paying a bigger share of the taxes i.e. the tax system has gotten more progressive. I heard Dr. Kathleen Connell, the former California state controller, say on a business show that in California the wealthiest 5% of the residents pay 65% of the state taxes. Her concern was of course the looming California budget crunch and she feared that wealthy Californians might exit the state. On a national level the same kind of thing has happened. Anyway I'll try and dig up my statistics and hopefully post them.
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#27
02-28-2003, 03:35 PM
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Re: Mason and David
Hi Roy:
There's no question that the demand for our products is on the rise and we're actually having trouble keeping up with everything. Best wishes, Mason
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#29
02-28-2003, 11:47 PM
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Re: \"the rich get their God
This debate goes all the way back to the first establishment of a National bank in 1791, Chartered for 20 years, as the website you posted informed us. It is a very old and contentious debate. Alexander Hamilton convinced G.Washington to establish the National Bank. Jefferson was staunchly against this policy and claimed that it was unconstitutional. I think it went all the way to the Supreme Court, anyway, the National Bank was set up. This was one of the first major splits in American politics - between the "Federalists" and Jefferson’s “democrats”.
I think this debate is about monetary rich and monetary not-so-rich or poor etc. There are other forms of riches. Of course, those other forms of riches can be very much tied to Money - The God in which we All Trust and Pledge Allegiance. [img]/forums/images/icons/wink.gif[/img] -Zeno
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#30
03-01-2003, 06:08 AM
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Re: \"the rich get richer\"
He is the richest. The Rockefellers can't touch him. It's been split up in too many directions.
The Saudis might have a case but I don't think so...there are too many of them and the fact that America is the economic giant of the world and Gates is on top of the heap by a large margin give him the clear edge.
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