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More social conflict now over wealth inequality than immigration, race, and age
- Thread starter birddog7
- Start date
SLOPPYSECONDS
Albatross
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well get hollywood make endin ta 10000 yrs ans all simle in teddybear outfits
dat make all land of usa go arrrrrr
ans a new daw in everyday wear
there go
dat make all land of usa go arrrrrr
ans a new daw in everyday wear
there go
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Shoudl the rich be shocked? I've had friends who lost their jobs, their pensions while their bosses who caused the places they worked at to go under walk away with pensions worth millions while they have to struggle to survive.
It's way too late now. No solution is possible to this mess. It cannot be undone now.
Only the end of the world in December will change things. It can't come quickly enough.
SLOPPYSECONDS
Albatross
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ans all da univeristys try ta think
but da washin alway cum out pink
haaaaaaa
but da washin alway cum out pink
haaaaaaa
I'm afraid what is happening to this country. I'm afraid when all this reaches a boiling point. I don't want to even begin to think about that reality - it's frightening.
Yes, there's a large gap. No, there's no fix. Few will be able to jump that gap. The fallacy of "the American dream" is that many think they, too, will become millionaires. Look at a majority of the middle class (what's left of it) that are against elimination of the estate (see death) tax. Almost all of them will be dying with an estate well under the threshold.
It comes down to percentages. 10% to someone making $1,000,000($1m) doesn't sting as bad as 10% to someone making $15,000. $8,000 a month doesn't sound so bad when there's another $75,000 left over.
For me, personally, my savings have allowed me about $15,000 a year since I got fired January, 2011. I can say first-hand that an extra $125 could come-in handy sometimes. I do splurge here and there, but most don't have that luxury.
Back to percentages. With the amount of money controlled by the ueber wealthy it's impossible to not make money even invested conservatively. When the depression hit (don't be fooled when people use the word "recession"), I lost about half of retirement funds. The more money people have in, the less it can hurt. Sure, there's less, but I'm sure they'll still not need to work after retirement.
The treatment of the worker and the executive need to come back in-line. First, look at the ratio of board-level executive pay relative to the regular worker over the last, say, 10 years. It's increased substantially. There's also little, if no, penalty for fuck-ups at the top. If a CEO who runs a company into the ground is fired, sometimes he or she is left with a severance package of an amount on which I, at the age of 31, could retire. But I have a slow month in sales and ohnoes! Sorry Mr. Liam, we have to let you go.
Let us level the field - make it sting equally. teadrinker posted a thread recently about mega yachts. It got me to thinking: how much could be brought-in by a huge luxury tax on shit like that? I'm talking 100%. The same goes for the 7-series BMW and the Mercedes-Benz S-class. Need basic transport? No problem. Want something big and flashy? You'll have to pay. This can also be used to offset taxes on basic necessities for 90% of the population. Food, clothing, etc.
Close the loopholes. Tax capitol gains at one's income rate, not at the warm-and-fuzzy level. It's income, plain and simple.
VAT. I'll say it again: VAT. Those that use loopholes, cook tax returns, still have to buy things. I don't think there's really a way to get out of paying VAT at a Jewel-Osco or Nieman Marcus.
I fear too many of our representatives see the big picture and are are overwhelmed, not surprisingly. Instead, I feel that making some improvements along the way, however small, is better than throwing ones hands in the air declaring, "it can't be fixed."
And if you're reading this, thanks for reading my drivel.
Yes, there's a large gap. No, there's no fix. Few will be able to jump that gap. The fallacy of "the American dream" is that many think they, too, will become millionaires. Look at a majority of the middle class (what's left of it) that are against elimination of the estate (see death) tax. Almost all of them will be dying with an estate well under the threshold.
It comes down to percentages. 10% to someone making $1,000,000($1m) doesn't sting as bad as 10% to someone making $15,000. $8,000 a month doesn't sound so bad when there's another $75,000 left over.
For me, personally, my savings have allowed me about $15,000 a year since I got fired January, 2011. I can say first-hand that an extra $125 could come-in handy sometimes. I do splurge here and there, but most don't have that luxury.
Back to percentages. With the amount of money controlled by the ueber wealthy it's impossible to not make money even invested conservatively. When the depression hit (don't be fooled when people use the word "recession"), I lost about half of retirement funds. The more money people have in, the less it can hurt. Sure, there's less, but I'm sure they'll still not need to work after retirement.
The treatment of the worker and the executive need to come back in-line. First, look at the ratio of board-level executive pay relative to the regular worker over the last, say, 10 years. It's increased substantially. There's also little, if no, penalty for fuck-ups at the top. If a CEO who runs a company into the ground is fired, sometimes he or she is left with a severance package of an amount on which I, at the age of 31, could retire. But I have a slow month in sales and ohnoes! Sorry Mr. Liam, we have to let you go.
Let us level the field - make it sting equally. teadrinker posted a thread recently about mega yachts. It got me to thinking: how much could be brought-in by a huge luxury tax on shit like that? I'm talking 100%. The same goes for the 7-series BMW and the Mercedes-Benz S-class. Need basic transport? No problem. Want something big and flashy? You'll have to pay. This can also be used to offset taxes on basic necessities for 90% of the population. Food, clothing, etc.
Close the loopholes. Tax capitol gains at one's income rate, not at the warm-and-fuzzy level. It's income, plain and simple.
VAT. I'll say it again: VAT. Those that use loopholes, cook tax returns, still have to buy things. I don't think there's really a way to get out of paying VAT at a Jewel-Osco or Nieman Marcus.
I fear too many of our representatives see the big picture and are are overwhelmed, not surprisingly. Instead, I feel that making some improvements along the way, however small, is better than throwing ones hands in the air declaring, "it can't be fixed."
And if you're reading this, thanks for reading my drivel.
SLOPPYSECONDS
Albatross
- Joined
- Sep 10, 2007
- Posts
- 15,618
- Reaction score
- 11
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usa happen long time ago fa 1 second
dude go WE WON
ans then wot do now?
north ans south america is so lucky of gift of settles wot come form great ans make lot a turkeys ans hats ans stuff
ans now hole planet of lands share da turkey ways
da so sweet
thankyou
dude go WE WON
ans then wot do now?
north ans south america is so lucky of gift of settles wot come form great ans make lot a turkeys ans hats ans stuff
ans now hole planet of lands share da turkey ways
da so sweet
thankyou
fetaby
dances atop the bellcurve
There's sooo many things to be said on this topic, but it can be summed up in one word... Bullshit!
Anyway, Liam said this...
And this should have been done 30 years ago. Am I mistaken that the 80s ushered in a new era of corporate level bullshit? Is that not when "downsizing" became a cost effective solution towards increasing the bottom line?
Anyway, I don't particularly fear when the pot boils over. I'm not a 1%er.
Anyway, Liam said this...
And this should have been done 30 years ago. Am I mistaken that the 80s ushered in a new era of corporate level bullshit? Is that not when "downsizing" became a cost effective solution towards increasing the bottom line?
Anyway, I don't particularly fear when the pot boils over. I'm not a 1%er.
^ not to brag, but I was once part of the 1%. My old company was once the largest supplier of flash memory. My partners and I had the same philosophy: happy employees make for happy customers. We paid well above the minimum wage. We hired local people. We gave part-time employees healthcare and retirement benefits. Why? There were only 4 people who owned the company. I think a lot of corporate problems stem from the shareholders. Even with a large staff for customer service, etc., we never even considered outsourcing even though it would have put more money in our pockets; we were in it for the long-haul.
You mention the 80's. Though I was still a wee lad back then, from what I know people then and well before invested for the long term, dividends. Now, it seems, too many are in for a quick-buck. Take a look at oil speculations and how it affects the price of gas and you'll see what I'm talking about.
It's one thing to blame the company brass for not seeing the long-term, big picture. It's another to hold the shareholder accountable for wanting a quick buck. Too many seek "get-rich-overnight" and it's detrimental, I think.
You mention the 80's. Though I was still a wee lad back then, from what I know people then and well before invested for the long term, dividends. Now, it seems, too many are in for a quick-buck. Take a look at oil speculations and how it affects the price of gas and you'll see what I'm talking about.
It's one thing to blame the company brass for not seeing the long-term, big picture. It's another to hold the shareholder accountable for wanting a quick buck. Too many seek "get-rich-overnight" and it's detrimental, I think.