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(Guardian)   15% of Americans live in poverty, which is why America needs more tax cuts for the wealthy   (theguardian.com) divider line 19
    More: Obvious, Americans, tax cuts, war on poverty, poverty  
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1041 clicks; posted to Politics » on 05 Oct 2013 at 3:23 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-10-05 12:01:45 PM  
5 votes:

Mrbogey: Typically though, the old saw goes, poverty and homelessness aren't a problem when Democrats are in charge. It's an old concern trolling that goes back decades. Homelessness stopped being a problem when Clinton was elected and started back up when W Bush won.


8 million people were lifted out of poverty under Clinton. 8.3 million fell back into poverty under W. Maybe poverty and homelessness are perceived as less of a problem because it becomes less of a problem when Democrats are in charge.
2013-10-05 02:00:18 PM  
4 votes:
*sigh*

OK, subby, let me try to illustrate this with an analogy that uses a slightly simplified view of society. Imagine all of America with a population of only 10 people. OK? And in this 10-person America, just for the sake of argument, "middle class" is considered having an income of $4200 per year. Yes, I know, that's unrealistic. Like I said, simplified.

Now, this society, like ours, has a top 1 percent who are the wealthy job creators. So that's one person who in this society earns triple income...that's $15000. The next 6 under him -- numbers 2 through 7 -- they're middle class, so they earn $6000 each. And the bottom two, they're poor. They only earn $3000 each.

OK, got it?

Now, the poorest two people don't pay taxes, just like in real life. So they get to keep all $3000 of their dollars and spend it on whatever the want, prime rib or rims for their hoopdies or sneakers or whatever. The middle class, they get taxed at 25 percent. So they're not *actually* worth $6000 each...they're only worth $4500. Hmm...you see what just happened there? Taxes actually pushed them almost to the poverty line. That's another issue, though, we'll deal with that another time.

Now, the job creator. He's taxed at 40 percent, which means that his $15000 is really only $9000. That's $9000 he now has to put back into the economy, by creating new jobs, giving raising, donating to charity, etc. So, divide $9000 by the remaining 9 people, that's $1000 each. What's that mean?

It means that the middle class is back up to $5500 -- just over middle class -- and the poor are up to $4000. Still poor.

Now, what happens if you cut the job creator's taxes to, say 20 percent? Now he's worth $12000. That divided by 9? $1333. Add that to the poor's $3000, and what's happened?

That's right. Poverty has disappeared.

Think about what you say before you say it, subby. Hurtful snark gets you nowhere.
2013-10-05 12:27:36 PM  
4 votes:

Dusk-You-n-Me: Mrtroll: Typically though, the old saw goes, poverty and homelessness aren't a problem when Democrats are in charge. It's an old concern trolling that goes back decades. Homelessness stopped being a problem when Clinton was elected and started back up when W Bush won.

8 million people were lifted out of poverty under Clinton. 8.3 million fell back into poverty under W. Maybe poverty and homelessness are perceived as less of a problem because it becomes less of a problem when Democrats are in charge.


More to the point, Clinton actually went to work fixing the problem.  Whereas lowering the top tax bracket 3.6% and playing geopolitical hopscotch were more important to Bush.

I'm not gonna keep calling 911 once the medics arrive.
2013-10-05 03:37:55 PM  
2 votes:

Il Douchey: Funny thing about welfare people.  First they appreciate the handouts, then they expect them, then they take them for granted, and finally, they resent them.  They hate the people who are literally putting food on their table, paying their rent and earning their welfare money.  It's not enough, it's never enough.

Never Enough


Funny how nobody ever tries to make the argument that taxing capital gains at a lower rate than income breeds dependency...
2013-10-05 03:34:51 PM  
2 votes:

Il Douchey: Funny thing about welfare people.  First they appreciate the handouts, then they expect them, then they take them for granted, and finally, they resent them.  They hate the people who are literally putting food on their table, paying their rent and earning their welfare money.  It's not enough, it's never enough.

Never Enough


That has never been true, ever, and is dogmatic nonsense from lying assholes who want to steal more and more from people with less and less to steal. You know what creates systemic poverty? Wealth disparity.
2013-10-05 10:58:37 AM  
2 votes:
Yes but how many have refrigerators?
2013-10-05 11:40:13 PM  
1 votes:
Do any of you Americans understand artificial scarcity? Does it impact your understanding of the econometrics of today's society?
2013-10-05 11:03:03 PM  
1 votes:

Linux_Yes: PC LOAD LETTER: What Republicans want poor people to be like:

[gdb.voanews.com image 850x566]


More for them
less for everyone else.

and the so called 'free enterprise market' in America is all but gone.  its a controlled market now.


That's true in a way. Capitalism has been replaced with corporate capitalism. It's much more difficult for small players to compete now. And the corporations have enough money to able to pervert the course of democracy by buying allegiance from corrupt politicians.

I'm really surprised that their are so many ordinary people who defend and support this system. It's not the way
2013-10-05 06:25:33 PM  
1 votes:

PC LOAD LETTER: What Republicans want poor people to be like:

[gdb.voanews.com image 850x566]



More for them
less for everyone else.

and the so called 'free enterprise market' in America is all but gone.  its a controlled market now.
2013-10-05 06:24:14 PM  
1 votes:

Mrbogey: Dusk-You-n-Me: 8 million people were lifted out of poverty under Clinton. 8.3 million fell back into poverty under W. Maybe poverty and homelessness are perceived as less of a problem because it becomes less of a problem when Democrats are in charge.

[blogs-images.forbes.com image 678x460]


the Poverty rate was falling until the 1980's when ronnie raygun began looking the other way while companies began offshoring american jobs for cheap labor and when ronnie/congress began cutting taxes for the rich/big businesses.  the slow slide downward and  the shrinking middle class/growning poor class began in the 80's.

ain't Freedom great!
2013-10-05 06:20:49 PM  
1 votes:
15% live in poverty.

and the other 83% are there to send all their GDP to the richest 2% who own America and its Government.

the Rich live off the Poor
and the Poor live off their labor.

ain't Freedom/Democracy great!
2013-10-05 04:17:11 PM  
1 votes:
2013-10-05 04:00:30 PM  
1 votes:
More like the 1% has overextended itself hogging all the resources and capital in the past 50 years alone that they NEED tax cuts to continue the illusion of their wasteful flamboyant lives, both in business and privately.
2013-10-05 03:59:06 PM  
1 votes:

SevenizGud: how would you cut their taxes? Reduce the tax rate to -40%?


That would be a negative income tax. Some believe it a good idea.
2013-10-05 03:54:15 PM  
1 votes:

Infernalist: Sure we have tons of poors in this country, but hey, poors in other countries have it much worse, so ours better not complain too loudly, cause the GOP is always looking for a reason to cut food assistance and unemployment insurance.


Worse yet, the louder people complain, the more likely it becomes that a lot of white rural social conservatives will look up and find out which side of the poverty line they- and most everyone they know- have really been sitting on for all these years.  Can't have that.
2013-10-05 03:31:56 PM  
1 votes:

Mrbogey: timujin: Well, let's see here. Right this minute, there's a linked article talking about how poverty's a problem. And right this minute, a Democrat is in charge. Therefore, poverty is a problem while a Democrat is in charge. Huh, you're a liar, imagine that.

First of all, the Guardian is criticizing the lack of coverage of poverty in the US media. Second of all, the Guardian isn't a US media outlet.

Should I use hand puppets so you can understand this better?


And there it is. Has anyone else noticed how over the past few weeks right wingers have become increasing defensive and belligerent? Desperation is never a good look guys.
2013-10-05 02:51:02 PM  
1 votes:

Mrbogey: 'Nearly 50 years after President Lyndon B Johnson launched the "war on poverty" program that ushered in social security, Medicare and Medicaid amongst others ...'

Perhaps it's because those tactics are fundamentally flawed. Oh, and a nice tip of the hat to LBJ's alterations to SS.

Typically though, the old saw goes, poverty and homelessness aren't a problem when Democrats are in charge. It's an old concern trolling that goes back decades. Homelessness stopped being a problem when Clinton was elected and started back up when W Bush won.


Well, let's see here.  Right this minute, there's a linked article talking about how poverty's a problem.  And right this minute, a Democrat is in charge.  Therefore, poverty is a problem while a Democrat is in charge.  Huh, you're a liar, imagine that.
2013-10-05 12:17:01 PM  
1 votes:
What Republicans want poor people to be like:

gdb.voanews.com
2013-10-05 11:16:36 AM  
1 votes:
But all those tax cuts for the rich will trickle done to the poor any day now. Reagan said so....and I believe him because I love that movie "Bedtime for Bonzo"

Monkeys are adorbs!
 
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