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(Bill Moyers)   The good news: Political polarization and gridlock in Washington DC creates wealth and stability for Americans. The bad news: The top 1% of Americans   (billmoyers.com) divider line 114
    More: Interesting, Political Polarization, Washington DC, Americans, University of New York, wealths  
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603 clicks; posted to Politics » on 07 Jan 2014 at 6:41 PM (41 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2014-01-07 06:07:28 PM  
And by stability, he means, "not at the gate to our circular driveway with torches and pitchforks".
 
2014-01-07 06:15:07 PM  
Is the Obvious tab out taking a smoke break?
 
2014-01-07 06:21:02 PM  
Some douche said the same in Forbes last week.

It's all fun and games until everybody is poor and won't buy your shiat.
 
2014-01-07 06:40:14 PM  
So gridlock is an end in itself? Huh.
 
2014-01-07 06:45:28 PM  
Wait, so you mean Obama's constant socialist assault on the free market isn't causing unthinkable levels of uncertainty among job creators?
 
2014-01-07 06:46:04 PM  

UberDave: And by stability, he means, "not at the gate to our circular driveway with torches and pitchforks".


They'll just hire a private army if they haven't already if people ever do go that far.
 
2014-01-07 06:46:39 PM  
When the only common sense legislation is to skim from the rich's unprecedented holdings for the betterment of the nation, it's in the interests of the selfish among the rich to prevent any legislation at all.
 
2014-01-07 06:46:57 PM  

UberDave: And by stability, he means, "not at the gate to our circular driveway with torches and pitchforks".


Unlikely to happen anyway. Exhibit A:

Angry mob in europe
gdb.voanews.com


Angry mob in US
static3.businessinsider.com
 
2014-01-07 06:48:17 PM  

edmo: Some douche said the same in Forbes last week.

It's all fun and games until everybody is poor and won't buy your shiat.


This.
 
2014-01-07 06:57:05 PM  

Tetzlaff: UberDave: And by stability, he means, "not at the gate to our circular driveway with torches and pitchforks".

Unlikely to happen anyway. Exhibit A:

Angry mob in europe
[gdb.voanews.com image 640x360]


Angry mob in US
[static3.businessinsider.com image 848x602]


Well know which one looks more fun at least for a bit : )
 
2014-01-07 06:59:43 PM  
Serious question:

If the 1% gets taxed out of being the 1%, won't the economy take a dive?

Aren't they holding this place together, so to speak?
 
2014-01-07 07:01:27 PM  

The_Man_On_The_Phone: Serious question:

If the 1% gets taxed out of being the 1%, won't the economy take a dive?

Aren't they holding this place together, so to speak?


Popcorn, please.

/you're new here, aren't you?
 
2014-01-07 07:02:49 PM  

The_Man_On_The_Phone: Serious question:

If the 1% gets taxed out of being the 1%, won't the economy take a dive?

Aren't they holding this place together, so to speak?


Serious answer : they take disproportionately more money out of the economy than they put in. So no, they are tearing the place apart.
 
2014-01-07 07:05:07 PM  

The_Man_On_The_Phone: Serious question:

If the 1% gets taxed out of being the 1%, won't the economy take a dive?

Aren't they holding this place together, so to speak?


That was the best laugh I've had all day.
 
2014-01-07 07:06:44 PM  

Peki: The_Man_On_The_Phone: Serious question:

If the 1% gets taxed out of being the 1%, won't the economy take a dive?

Aren't they holding this place together, so to speak?

Popcorn, please.

/you're new here, aren't you?


Gonna need a lot of it...
www.milehimama.com
 
2014-01-07 07:09:07 PM  

coyo: The_Man_On_The_Phone: Serious question:

If the 1% gets taxed out of being the 1%, won't the economy take a dive?

Aren't they holding this place together, so to speak?

Serious answer : they take disproportionately more money out of the economy than they put in. So no, they are tearing the place apart.


How do they take "disproportionately" more money? They earn what they earn, like everyone else.
 
2014-01-07 07:12:09 PM  

tinfoil-hat maggie: Peki: The_Man_On_The_Phone: Serious question:

If the 1% gets taxed out of being the 1%, won't the economy take a dive?

Aren't they holding this place together, so to speak?

Popcorn, please.

/you're new here, aren't you?

Gonna need a lot of it...
[www.milehimama.com image 348x208]


Get out of my head!

/thanks for the laugh; I love that movie
 
2014-01-07 07:12:11 PM  

The_Man_On_The_Phone: Serious question:

If the 1% gets taxed out of being the 1%, won't the economy take a dive?

Aren't they holding this place together, so to speak?


I sure it does!  Dont you remember the massive economy crash when we let the Bush tax cuts expire for the 1%!  Oh wait.....
 
2014-01-07 07:15:48 PM  

Debeo Summa Credo: coyo: The_Man_On_The_Phone: Serious question:

If the 1% gets taxed out of being the 1%, won't the economy take a dive?

Aren't they holding this place together, so to speak?

Serious answer : they take disproportionately more money out of the economy than they put in. So no, they are tearing the place apart.

How do they take "disproportionately" more money? They earn what they earn, like everyone else.


"Earn" doesn't mean what you seem to think it does, in the context of the 1%ers.
 
2014-01-07 07:17:48 PM  

fusillade762: Is the Obvious tab out taking a smoke break?


Obvious tag is out panhandling since its unemployment ran out and its food stamps were cut.
 
2014-01-07 07:17:52 PM  

The_Man_On_The_Phone: Serious question:

If the 1% gets taxed out of being the 1%, won't the economy take a dive?

Aren't they holding this place together, so to speak?


without the serfs, the king is a nobody.
 
2014-01-07 07:19:44 PM  

Debeo Summa Credo: They earn what they earn, like everyone else.


they put their pants on just like everyone else, they have their servants put'em on.
 
2014-01-07 07:20:58 PM  
The 1% would be making more money if the gridlock and polarization weren't keeping the rest from making money.  The 1% will always make money, but too many of them see it as a zero-sum game so for them to win, somebody has to lose, and for them to win big, many people have to lose.
 
2014-01-07 07:21:06 PM  
Well, if nothing else the last few years have shored up the 'dependents' vote.    People who need handouts are certainly getting a good deal  lately.

Next election will be more of the same,  what can I get with my vote.   More handouts, freebies, welfare, food stamps and free poor people insurance like Medicaid or OBAMACARE.   Redistribute me some wealth.
 
2014-01-07 07:23:20 PM  

Debeo Summa Credo: coyo: The_Man_On_The_Phone: Serious question:

If the 1% gets taxed out of being the 1%, won't the economy take a dive?

Aren't they holding this place together, so to speak?

Serious answer : they take disproportionately more money out of the economy than they put in. So no, they are tearing the place apart.

How do they take "disproportionately" more money? They earn what they earn, like everyone else.


They don't spend as much relative to their income, and what they do spend often doesn't have as positive of an impact. For example, if your entertainment budget was $5000/year, nearly all of that would be spent on your local economy in activities like eating out, bowling, going to movies, etc. If it was $50,000, there's a significant probability it would be spent elsewhere.
 
2014-01-07 07:24:47 PM  

toadist: Well, if nothing else the last few years have shored up the 'dependents' vote.    People who need handouts are certainly getting a good deal  lately.

Next election will be more of the same,  what can I get with my vote.   More handouts, freebies, welfare, food stamps and free poor people insurance like Medicaid or OBAMACARE.   Redistribute me some wealth.


LOL!  they have refrigerators!
 
2014-01-07 07:24:55 PM  
I see a lot of grumbling over the rich in here, but not really an answer to my question, so I'll just cut to the chase-- if the 1% were to be taxed like liberals want them to be, our economy would plummet from the drain on their resources.  We all benefit from them being on top.
 
2014-01-07 07:25:41 PM  

toadist: People who need handouts are certainly getting a good deal lately.


Yeah, that food stamp cut and the continuing wrangling over unemployment benefits sure is a sweet deal.
 
2014-01-07 07:27:27 PM  

Aquapope: The 1% would be making more money if the gridlock and polarization weren't keeping the rest from making money.  The 1% will always make money, but too many of them see it as a zero-sum game so for them to win, somebody has to lose, and for them to win big, many people have to lose.


Well there always will be a top 1% but historically the divide between the poorest to the wealthiest has never be this much at least in this country.
 
2014-01-07 07:29:17 PM  

The_Man_On_The_Phone: I see a lot of grumbling over the rich in here, but not really an answer to my question, so I'll just cut to the chase-- if the 1% were to be taxed like liberals want them to be, our economy would plummet from the drain on their resources.  We all benefit from them being on top.


King George (the 3rd) wishes he had more people like you.
 
2014-01-07 07:31:36 PM  

The_Man_On_The_Phone: I see a lot of grumbling over the rich in here, but not really an answer to my question, so I'll just cut to the chase-- DERP.


FTFY
Capital is nothing without labor. The wealthy can speculate their fortunes higher and higher, but they're not the ones moving the wheels of society, they're not the ones making, building, producing. All capital can do is grease the wheels, and from the anemic way our economy is piddling along, those wheels are screaming for it.
The only way is to get that capital moving throughout the economy, not bouncing from stock pick to stock pick or sitting in a Cayman Island account. We have to get it moving, so everyone from the bottom up gets a chance to touch that money, or we're going to see continuing stagnation. And the thing is, even after that wealth has been redistributed, it'll find its way back to the rich.
 
2014-01-07 07:34:33 PM  

The_Man_On_The_Phone: I see a lot of grumbling over the rich in here, but not really an answer to my question, so I'll just cut to the chase-- if the 1% were to be taxed like liberals want them to be, our economy would plummet from the drain on their resources.  We all benefit from them being on top.


The question isn't who is rich or otherwise. They can stay on top, just not so on top.
 
2014-01-07 07:34:42 PM  

Isitoveryet: The_Man_On_The_Phone: I see a lot of grumbling over the rich in here, but not really an answer to my question, so I'll just cut to the chase-- if the 1% were to be taxed like liberals want them to be, our economy would plummet from the drain on their resources.  We all benefit from them being on top.

King George (the 3rd) wishes he had more people like you.


i.imgur.com

What people imagine a three percent increase on top income brackets looks like.
 
2014-01-07 07:36:03 PM  

The_Man_On_The_Phone: I see a lot of grumbling over the rich in here, but not really an answer to my question, so I'll just cut to the chase-- if the 1% were to be taxed like liberals want them to be, our economy would plummet from the drain on their resources.  We all benefit from them being on top.


Ok, kid, I'll put it nicely, this time....
How about if 'we liberals' only bumped up their tax rates back to where the glorious St. Ronnie had them? Be a hell of a sight better revenue-wise than we have now.
Quick, move those goalposts, because we all know the rich will not suffer ANY tax increase!

Now, cut the crap thinking liberals are actually the problem.
 
2014-01-07 07:36:40 PM  

The_Man_On_The_Phone: I see a lot of grumbling over the rich in here, but not really an answer to my question, so I'll just cut to the chase-- if the 1% were to be taxed like liberals want them to be, our economy would plummet from the drain on their resources.  We all benefit from them being on top.


They always will be the 1% now if we taxed them the same as was done in the 40's and 50's they'd still have more money than you will ever have over you lifetime. Also how do we benefit? It's a global economy and free trade so Americans can compete for $2 a day making Nikes right because I bet you also think we don't need a minimum wage.

So really what do they do?
 
2014-01-07 07:36:40 PM  

The_Man_On_The_Phone: I see a lot of grumbling over the rich in here, but not really an answer to my question, so I'll just cut to the chase-- if the 1% were to be taxed like liberals want them to be, our economy would plummet from the drain on their resources.  We all benefit from them being on top.


Sadly, this is only the second most ridiculous post I've seen today.  You really,  really, ought to look up historical tax rates.  HINT: They were a LOT higher!
 
2014-01-07 07:38:06 PM  

Debeo Summa Credo: coyo: The_Man_On_The_Phone: Serious question:

If the 1% gets taxed out of being the 1%, won't the economy take a dive?

Aren't they holding this place together, so to speak?

Serious answer : they take disproportionately more money out of the economy than they put in. So no, they are tearing the place apart.

How do they take "disproportionately" more money? They earn what they earn, like everyone else.


Shuffling money from one place to another without actually creating anything does not count as "earning" it.
 
2014-01-07 07:39:14 PM  
Sergeant Grumbles: The_Man_On_The_Phone: I see a lot of grumbling over the rich in here, but not really an answer to my question, so I'll just cut to the chase-- DERP.

FTFY
Capital is nothing without labor. The wealthy can speculate their fortunes higher and higher, but they're not the ones moving the wheels of society, they're not the ones making, building, producing. All capital can do is grease the wheels, and from the anemic way our economy is piddling along, those wheels are screaming for it.
The only way is to get that capital moving throughout the economy, not bouncing from stock pick to stock pick or sitting in a Cayman Island account. We have to get it moving, so everyone from the bottom up gets a chance to touch that money, or we're going to see continuing stagnation. And the thing is, even after that wealth has been redistributed, it'll find its way back to the rich.

This is simply not true. They very much are the architects of modern-day society. This is why you have an iPhone, an iPad, a personal computer,  all the modern conveniences you enjoy.  You seem to think that eliminating them through high taxes is simply going to replace them with something else, when it's far more likely they are going to cut corners to save money, including leaving areas where they employ hundreds if not thousands of people.  You simply cannot "unplug" the 1% without heavy repercussions.
 
2014-01-07 07:40:49 PM  

The_Man_On_The_Phone: Serious question: Begin Troll:

If the 1% gets taxed out of being the 1%, won't the economy take a dive?


We only tax income. Their fortunes aren't being confiscated. In other words, they can't be "taxed out of being the top 1%".

Aren't they holding this place together, so to speak?

No.

You must be pathetic. That's the best you can do? 0/10.
 
2014-01-07 07:41:24 PM  

tinfoil-hat maggie: UberDave: And by stability, he means, "not at the gate to our circular driveway with torches and pitchforks".

They'll just hire a private army if they haven't already if people ever do go that far.


Mags, I have to wonder how effective that approach will be when it's the guards' families who are carrying the torches and pitchforks. And just how long the guards will want to hold out when hungry people with modern arms offer the guards the opportunity to live if they open the gates.
 
2014-01-07 07:41:56 PM  

Tomahawk513: The_Man_On_The_Phone: I see a lot of grumbling over the rich in here, but not really an answer to my question, so I'll just cut to the chase-- if the 1% were to be taxed like liberals want them to be, our economy would plummet from the drain on their resources.  We all benefit from them being on top.

Sadly, this is only the second most ridiculous post I've seen today.  You really,  really, ought to look up historical tax rates.  HINT: They were a LOT higher!


This is easily addressed. There was no competition.  Now we have China and other markets where the stakes are much higher.
 
2014-01-07 07:45:59 PM  

The_Man_On_The_Phone: I see a lot of grumbling over the rich in here, but not really an answer to my question, so I'll just cut to the chase-- if the 1% were to be taxed like liberals want them to be, our economy would plummet from the drain on their resources.  We all benefit from them being on top.


Income tax rates on the top income earners in the 1940's - 50's was at 90%. Most people consider this to be the most prosperous time in US history. It wasn't until the early 1980's that we lowered the top tax rate from 70%.

2.bp.blogspot.com
 
2014-01-07 07:48:22 PM  

Debeo Summa Credo: coyo: The_Man_On_The_Phone: Serious question:
If the 1% gets taxed out of being the 1%, won't the economy take a dive?
Aren't they holding this place together, so to speak?

Serious answer : they take disproportionately more money out of the economy than they put in. So no, they are tearing the place apart.

How do they take "disproportionately" more money? They earn what they earn, like everyone else.


Oh, look, it's the moronic argument that gambling on Wall Street is earningmoney, building things for people to buy, harvesting food and raw materials by the sweat of the brow, or providing services that have any impact on communities anywhere outside gated enclaves. They build nothing. They create nothing. They contribute nothing of any value to society. They pay lower tax rates. And they suck money out of the economy that could go toward building things, harvesting food and raw materials, or providing services that improve people's lives.

Come back when the Walton heirs do anything useful to anybody but the Walton heirs. (No farking tax dodges allowed.)
 
2014-01-07 07:49:11 PM  

The_Man_On_The_Phone: Tomahawk513: The_Man_On_The_Phone: I see a lot of grumbling over the rich in here, but not really an answer to my question, so I'll just cut to the chase-- if the 1% were to be taxed like liberals want them to be, our economy would plummet from the drain on their resources.  We all benefit from them being on top.

Sadly, this is only the second most ridiculous post I've seen today.  You really,  really, ought to look up historical tax rates.  HINT: They were a LOT higher!

This is easily addressed. There was no competition.  Now we have China and other markets where the stakes are much higher.


i am scratching my head trying to make sense of how easily you addressed that.
 
2014-01-07 07:49:45 PM  

demaL-demaL-yeH: tinfoil-hat maggie: UberDave: And by stability, he means, "not at the gate to our circular driveway with torches and pitchforks".

They'll just hire a private army if they haven't already if people ever do go that far.

Mags, I have to wonder how effective that approach will be when it's the guards' families who are carrying the torches and pitchforks. And just how long the guards will want to hold out when hungry people with modern arms offer the guards the opportunity to live if they open the gates.


So you've never heard of foreign mercenaries before? Sure Machiavelli wasn't crazy about them but that was for defense of a nation-state/city-state and this would just be an estate.
 
2014-01-07 07:51:06 PM  

The_Man_On_The_Phone: I see a lot of grumbling over the rich in here, but not really an answer to my question, so I'll just cut to the chase-- if the 1% were to be taxed like liberals want them to be, our economy would plummet from the drain on their resources.  We all benefit from them being on top.


And how do you think "liberals" want the rich to be taxed, exactly, sweetie?

/By the way, tell your bosses you are a horrible plant.
 
2014-01-07 07:52:40 PM  

The_Man_On_The_Phone: This is easily addressed. There was no competition. Now we have China and other markets where the stakes are much higher.


There was plenty of competition - a post war Germany was rapidly expanding, England was still a major player, and soon Japan became a major trading force.. And it is easily argued that we've greatly benefitted from cheap labor and bond financing from China.

We're still one of the world's top goods manufacturers, top energy producers, the world's top innovator (in terms of new global companies and patents), top software creator, tied for aerospace manufacture, and create more college educated people than any other nation.

And with the rise of China's economy, it opens up a massive market for us to sell to. They're already trying to tear down our doors for our ample fossil fuel supplies.
 
2014-01-07 07:52:43 PM  

tinfoil-hat maggie: So you've never heard of foreign mercenaries before? Sure Machiavelli wasn't crazy about them but that was for defense of a nation-state/city-state and this would just be an estate.


o.k. the shiat hits the fan right now, the poors are storming the estate, what do you do, what do you do?

foreign mercs.

you have 2 choices, drug addled farmers who you can't communicate with & the Mexicans to the south.

check and mate
 
2014-01-07 07:55:41 PM  

tinfoil-hat maggie: The_Man_On_The_Phone: I see a lot of grumbling over the rich in here, but not really an answer to my question, so I'll just cut to the chase-- if the 1% were to be taxed like liberals want them to be, our economy would plummet from the drain on their resources.  We all benefit from them being on top.

They always will be the 1% now if we taxed them the same as was done in the 40's and 50's they'd still have more money than you will ever have over you lifetime. Also how do we benefit? It's a global economy and free trade so Americans can compete for $2 a day making Nikes right because I bet you also think we don't need a minimum wage.

So really what do they do?


DEREGULATE, WHARGARBL! NO CHILD LABOR LAWS, WHARGARBL!, NO SAFETY NETS, BOOTSTRAPS WHARGARBL!!!
 
2014-01-07 07:55:42 PM  

tinfoil-hat maggie: demaL-demaL-yeH: tinfoil-hat maggie: UberDave: And by stability, he means, "not at the gate to our circular driveway with torches and pitchforks".

They'll just hire a private army if they haven't already if people ever do go that far.

Mags, I have to wonder how effective that approach will be when it's the guards' families who are carrying the torches and pitchforks. And just how long the guards will want to hold out when hungry people with modern arms offer the guards the opportunity to live if they open the gates.

So you've never heard of foreign mercenaries before? Sure Machiavelli wasn't crazy about them but that was for defense of a nation-state/city-state and this would just be an estate.


Yeah. No. They aren't getting in the country. And they'd be cut off and sitting ducks if they did, especially in your neck of the woods. It's not like we can't find somebody who speaks their lingo well enough to tell them that they get to live if they throw open the gates. (A few well-placed rounds of .308 Win does wonders for motivation and cooperation.)
 
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