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(Guardian)   15% of Americans live in poverty, which is why America needs more tax cuts for the wealthy   ( divider line
    More: Obvious, Americans, tax cuts, war on poverty, poverty  
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1053 clicks; posted to Politics » on 05 Oct 2013 at 3:23 PM (4 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»

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2013-10-05 02:00:18 PM  
3 votes:

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. 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 11:51:26 PM  
2 votes:

Phil Moskowitz: Switzerland is voting on guaranteed minimum income and you jokers can't feed and cloth a metric ton of Americans.

Have you seen how fat most Americans are? A metric ton is, like, four of us.
2013-10-05 11:46:43 AM  
2 votes:
'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.
2013-10-05 06:04:56 PM  
1 vote:
The poor just need to work harder. Because you see, Arbeit Macht Frei.
2013-10-05 05:38:17 PM  
1 vote:

llortcM_yllort: Everyone is a dick.

So both sides are . . . bad?
2013-10-05 03:37:55 PM  
1 vote:

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 12:29:49 PM  
1 vote:

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.

[ image 678x460]

Okay, you're right.  If only the War on Poverty never got in the way, we'd have like -30% poverty.
2013-10-05 12:17:01 PM  
1 vote:
What Republicans want poor people to be like:

gdb.voanews.comView Full Size
2013-10-05 10:58:37 AM  
1 vote:
Yes but how many have refrigerators?
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