My name is spelt "Luxury Yacht" but it's pronounced "Throatwobbler Mangrove."

Firearm sales are up. It's a booming business.

Nnnyyyess - one finds that there are fewer pan-handlers in the middle of the ocean.
Captain - be a dear and refill this martini, will you?

Maybe someone could come up with a tax on really expensive shiat that the richers tend to buy...That will really put the screw to 'em!

Julieahni: My name is spelt "Luxury Yacht" but it's pronounced "Throatwobbler Mangrove."

Thread over, won by a landslide.

oldfarthenry: Nnnyyyess - one finds that there are fewer pan-handlers in the middle of the ocean.
Captain - be a dear and refill this martini, will you?

You've read this (new window)?

Just you wait. Any day now all that spending will trickle down to us working schlubs just like the Lord Reagan promised it would.

......any time now.

...any time. Just you wait and see.

xalres: Just you wait. Any day now all that spending will trickle down to us working schlubs just like the Lord Reagan promised it would.

......any time now.

...any time. Just you wait and see.

It's trickling down to the guy that gets this job. (new window)

USA, it's the new Brazil

it's trickling down alright... down your chin!

(clicky for poppy biggy)

People, people. Don't worry the free market is going to fix everything. At least that is what I read from the Fark conservatives.

This is why the top two marginal tax rates need to be moved up to 35% and 42%.

So, were these yacht builders just resently woken up from Magrathia? I guess the economy is strong enough for their trade now.

Gregory F. Stuart: DaSwankOne: People, people. Don't worry the free market is going to fix everything. At least that is what I read from the Fark conservatives.

That's right. I don't know why people are in such a panic.

The invisible hand will even everything out in the end.

Is that the same invisible hand that wastes our tax dollars on oil subsidies and corporate welfare?

The invisible hand is giving me a prostate exam, so I'm getting a kick blah blah blah....

/It not news, it's Fark we're farked.

After reading this article, I'm thinking I should've taken up a career in Piracy.

Bladel: After reading this article, I'm thinking I should've taken up a career in Piracy.



Approves

I feel like i'm being too obscure recently.

Everybody look out! Here comes STAGNATION!!!

High taxes always increase the sales of ultra-luxury items. If the wealthy can't invest money, they blow it. If 98% is your top marginal rate, inesting money is the same as losing it.

Sorry for the reality check, resume mindless class envy.

alex_dularge: Sorry for the reality check, resume mindless class envy.

When you begin to mistake justice for envy you might want to start wearing a turttleneck.


History repeats itself but nobody pays attention.

Bah, lost the image somehow, comments don't make as much sense wihtout it.

alex_dularge: High taxes always increase the sales of ultra-luxury items. If the wealthy can't invest money, they blow it. If 98% is your top marginal rate, inesting money is the same as losing it.

Sorry for the reality check, resume mindless class envy.

Yes, everyone in this thread is advocating taxing away every penny rich people earn. It's not like they'd prefer a moderate approach, where rich people get to keep most of their money and poor people get access to basic goods and services, such as medical care and adequate housing. No, everyone who isn't a market fundamentalist is a communist. There is no middle ground at all!

I once had to use the emergency room after an accident. It was full of poor families who use it the way one would use a private doctor's office. Also, as a kid I worked in a grocery store and saw the crowd on food-stamp day. A very big percentage of poor people are poor because they are lazy and/or stupid. Many of them can barely put a sentence together. That is why they earn very little. But go right ahead tell people who have a brain and who have never been lazy that it is their duty to take some of what is rightfully theirs and toss it in the trough.

Moochers.

gshepnyc: I once had to use the emergency room after an accident. It was full of poor families who use it the way one would use a private doctor's office. Also, as a kid I worked in a grocery store and saw the crowd on food-stamp day. A very big percentage of poor people are poor because they are lazy and/or stupid. Many of them can barely put a sentence together. That is why they earn very little. But go right ahead tell people who have a brain and who have never been lazy that it is their duty to take some of what is rightfully theirs and toss it in the trough.

Moochers.

Yep. Every poor person in America is lazy and stupid. There are no people that work hard and are semi-intelligent that are not rich. Being rich is easy if people would just learn to work harder and be as smart as you. Hell, they could all be millionaires.

So the question is, what is your net worth? What did you net last year? I sure hope you are rich because if not we will all know you are stupid and lazy.

the headline is false, makes for good class warfare rhetoric though

DaSwankOne: gshepnyc: I once had to use the emergency room after an accident. It was full of poor families who use it the way one would use a private doctor's office. Also, as a kid I worked in a grocery store and saw the crowd on food-stamp day. A very big percentage of poor people are poor because they are lazy and/or stupid. Many of them can barely put a sentence together. That is why they earn very little. But go right ahead tell people who have a brain and who have never been lazy that it is their duty to take some of what is rightfully theirs and toss it in the trough.

Moochers.

Yep. Every poor person in America is lazy and stupid. There are no people that work hard and are semi-intelligent that are not rich. Being rich is easy if people would just learn to work harder and be as smart as you. Hell, they could all be millionaires.

So the question is, what is your net worth? What did you net last year? I sure hope you are rich because if not we will all know you are stupid and lazy.

Reading comprehension makes all the difference, little feller. I know you tried your best. Better luck next time.

/suck it libs

gshepnyc: So the question is, what is your net worth? What did you net last year? I sure hope you are rich because if not we will all know you are stupid and lazy.

Reading comprehension makes all the difference, little feller. I know you tried your best. Better luck next time.

Are you afraid of the question? I am only using your logic. If a very large percentage of people that are poor are lazy and dumb then that would mean that if you are not lazy and dumb you are rich. Where am I wrong? Answer the question. Let us all know how smart and hard working you really are. This obviously correlates to income.

014789: /suck it libs

So things were better for the rich before the Bush tax cut?

DaSwankOne: 014789: /suck it libs

So things were better for the rich before the Bush tax cut?

who knows, but it sure looks like the poor made out like bandits.

DaSwankOne: gshepnyc: So the question is, what is your net worth? What did you net last year? I sure hope you are rich because if not we will all know you are stupid and lazy.

Reading comprehension makes all the difference, little feller. I know you tried your best. Better luck next time.

Are you afraid of the question? I am only using your logic. If a very large percentage of people that are poor are lazy and dumb then that would mean that if you are not lazy and dumb you are rich. Where am I wrong? Answer the question. Let us all know how smart and hard working you really are. This obviously correlates to income.

I'm not wealthy but I am definitely not poor. The extraordinarily bad logic you used doesn't surprise me at all but please don't start insisting on policies based on it.

How about this? Just because I don't have a yacht doesn't mean I think we ought to start stealing from the people who do. You seem to have a lot of resentment toward people who are better off than you. Sorry about that but you don't get to punish people just because they are successful.

I can live comfortably because my boss is very wealthy. That is what trickle-down is. Trickle down doesn't work for people who themselves do not work. I want my boss to be rich so he can continue to afford me. What do the ranks of foodstamp users do for me, or you? They rob us because people like you are convinced it's their right to do so.

I won't lower myself to respond to any more of your poor-mouth, whiney socialist crap.

gshepnyc: DaSwankOne: gshepnyc: So the question is, what is your net worth? What did you net last year? I sure hope you are rich because if not we will all know you are stupid and lazy.

Reading comprehension makes all the difference, little feller. I know you tried your best. Better luck next time.

Are you afraid of the question? I am only using your logic. If a very large percentage of people that are poor are lazy and dumb then that would mean that if you are not lazy and dumb you are rich. Where am I wrong? Answer the question. Let us all know how smart and hard working you really are. This obviously correlates to income.

I'm not wealthy but I am definitely not poor. The extraordinarily bad logic you used doesn't surprise me at all but please don't start insisting on policies based on it.

How about this? Just because I don't have a yacht doesn't mean I think we ought to start stealing from the people who do. You seem to have a lot of resentment toward people who are better off than you. Sorry about that but you don't get to punish people just because they are successful.

I can live comfortably because my boss is very wealthy. That is what trickle-down is. Trickle down doesn't work for people who themselves do not work. I want my boss to be rich so he can continue to afford me. What do the ranks of foodstamp users do for me, or you? They rob us because people like you are convinced it's their right to do so.

I won't lower myself to respond to any more of your poor-mouth, whiney socialist crap.

so youre saying law makers legalize stealing based on income

gshepnyc: I won't lower myself to respond to any more of your poor-mouth, whiney socialist crap.

It is better to keep your mouth shut and be thought an idiot then to open it and remove all doubt. Thanks to you I am now certain of one more thing than i was 15 minutes ago.

Are you even aware of why the French revolution happend?

Sincere ignorance should be a crime.

014789: /suck it libs

014789: /suck it libs

shipud: 014789: /suck it libs

yeah...nice source. Heres what the treasury department has to say

"The Treasury study examined a huge sample of 96,700 income tax returns from 1996 and 2005 for Americans over the age of 25. The study tracks what happened to these tax filers over this 10-year period. One of the notable, and reassuring, findings is that nearly 58% of filers who were in the poorest income group in 1996 had moved into a higher income category by 2005. Nearly 25% jumped into the middle or upper-middle income groups, and 5.3% made it all the way to the highest quintile.

Of those in the second lowest income quintile, nearly 50% moved into the middle quintile or higher, and only 17% moved down. This is a stunning show of upward mobility, meaning that more than half of all lower-income Americans in 1996 had moved up the income scale in only 10 years.

Also encouraging is the fact that the after-inflation median income of all tax filers increased by an impressive 24% over the same period. Two of every three workers had a real income gain"

014789: shipud: 014789: /suck it libs

yeah...nice source. Heres what the treasury department has to say

"The Treasury study examined a huge sample of 96,700 income tax returns from 1996 and 2005 for Americans over the age of 25. The study tracks what happened to these tax filers over this 10-year period. One of the notable, and reassuring, findings is that nearly 58% of filers who were in the poorest income group in 1996 had moved into a higher income category by 2005. Nearly 25% jumped into the middle or upper-middle income groups, and 5.3% made it all the way to the highest quintile.

Of those in the second lowest income quintile, nearly 50% moved into the middle quintile or higher, and only 17% moved down. This is a stunning show of upward mobility, meaning that more than half of all lower-income Americans in 1996 had moved up the income scale in only 10 years.

Also encouraging is the fact that the after-inflation median income of all tax filers increased by an impressive 24% over the same period. Two of every three workers had a real income gain"

I suppose the fact that people generally earn a higher annual income as they age has nothing to do with it.

Idiot.

014789: Also encouraging is the fact that the after-inflation median income of all tax filers increased by an impressive 24% over the same period. Two of every three workers had a real income gain

Yep. When I stopped waiting tables in college and entered the white collar job market, I had a real income gain too. This is NOT income mobility.

shipud: 014789: Also encouraging is the fact that the after-inflation median income of all tax filers increased by an impressive 24% over the same period. Two of every three workers had a real income gain

Yep. When I stopped waiting tables in college and entered the white collar job market, I had a real income gain too. This is NOT income mobility.

thats why they only looked at tax returns of people over 25 years old. most people are out of college and in the real world by 25

El_Dan: 014789: shipud: 014789: /suck it libs

yeah...nice source. Heres what the treasury department has to say

"The Treasury study examined a huge sample of 96,700 income tax returns from 1996 and 2005 for Americans over the age of 25. The study tracks what happened to these tax filers over this 10-year period. One of the notable, and reassuring, findings is that nearly 58% of filers who were in the poorest income group in 1996 had moved into a higher income category by 2005. Nearly 25% jumped into the middle or upper-middle income groups, and 5.3% made it all the way to the highest quintile.

Of those in the second lowest income quintile, nearly 50% moved into the middle quintile or higher, and only 17% moved down. This is a stunning show of upward mobility, meaning that more than half of all lower-income Americans in 1996 had moved up the income scale in only 10 years.

Also encouraging is the fact that the after-inflation median income of all tax filers increased by an impressive 24% over the same period. Two of every three workers had a real income gain"

I suppose the fact that people generally earn a higher annual income as they age has nothing to do with it.


and how is that not upward mobility? what is your point?

014789: thats why they only looked at tax returns of people over 25 years old. most people are out of college and in the real world by 25

Unless you believe those DeVry commercials.

alex_dularge: High taxes always increase the sales of ultra-luxury items. If the wealthy can't invest money, they blow it. If 98% is your top marginal rate, inesting money is the same as losing it.

Sorry for the reality check, resume mindless class envy.

What I was trying to say has nothing to do with class envy. I'm relatively well-educated, I'm a PhD candidate, and I will definitely be moving up the economic ladder in terms of real wages and real wealth.

I was referring to this headline with respect to America's political economy and the well-being of the American economic machine. I'm not complaining about a bunch of wealthy people having a good time- that's certainly no crime. I'm just saying that this country is in deep shiat at the public savings level and those who can afford to pay more should pay more right now, along with a reduction in government spending.

Then after we balance the budget and possibly get a budget surplus, then lower back the marginal tax rates for the wealthiest people.

lolmao666: Why firearms are booming? Because people know that the next president will ban them all.

Also, if there's an economic crash, it will be war in the streets.

At that level of paranoia, i find it hard to believe you listened to the tiny voice which gave you that information.

014789: and how is that not upward mobility? what is your point?

The statistics you are showing are explained mainly by income increase over age. Individuals earn more as they age, with a large leap from low income to high income during their 20's as promotions ensue, careers develop and loans are paid off. You will see the same kind of statistics in most industrialized nations. This is not "rags to riches" but simply the natural gain of income over time.

"Upward mobility" is about the ability of families to better themselves economically over years generation spans. In that, the US ranks behind most industrialized nations, with a prominent decline in the past 30 years.

In other words: someone from a poor family in the US has less of a chance to move into a higher socioeconomic level than someone in Sweden. there is no argument that that person may earn more over time, but if that person goes from minimum wage at age 25 to $25,000 a year at age 40, it's still not "upward mobility".

014789: most people are out of college and in the real world by 25

Not really. 44% of American students go to community colleges. The average age is 29.

shipud: 014789: most people are out of college and in the real world by 25

Not really. 44% of American students go to community colleges. The average age is 29.

http://www.colleges.com/admissions/articles/commtech.html

shipud: shipud: 014789: most people are out of college and in the real world by 25

Not really. 44% of American students go to community colleges. The average age is 29.

http://www.colleges.com/admissions/articles/commtech.html

the study had a fair representation of earners. I doubt it was made up of college students. I dont give a damn about sweden, America is about making your own life and provides the best chance of any industrialized country to literally going from "rags to riches". people like you dont want to make it on your own but want the government to provide a minimum standard of living. fark that, I'll take my chances without the government help any day.

014789: shipud: shipud: 014789: most people are out of college and in the real world by 25

Not really. 44% of American students go to community colleges. The average age is 29.

http://www.colleges.com/admissions/articles/commtech.html

the study had a fair representation of earners. I doubt it was made up of college students. I dont give a damn about sweden, America is about making your own life and provides the best chance of any industrialized country to literally going from "rags to riches". people like you dont want to make it on your own but want the government to provide a minimum standard of living. fark that, I'll take my chances without the government help any day.

Sorry, dude, even if most people graduate in their mid 20s, they don't reach their full earning potential for a few decades. And even if your study has a fair range of wage earners, it had enough younger ones to skew the results upward. And, of course, at the same time, most of the highest earners are close to retirement age, so 10 years later their income is way down.

A ten year longitudinal study isn't an accurate representation of income gaps over time, period.