You I understand - those last couple o posts - wtf ???
well luckily they seem to be for allfor…..maybe there is something he is not telling us
You I understand - those last couple o posts - wtf ???
Getting a bit tired of the religious posts, but not getting Involved. For now.Really I don't lie, I tell it the way I see it. God is in control your difference of understanding is between you and your maker, I only mention God because many of what I post can't be expressed by me other then through my understanding and Faith.
Point well taken!]
Getting a bit tired of the religious posts, but not getting Involved. For now.
I remember everyone agreeing to keep God off here. Broken word?
Isn't that a shame, I don't recall my agreeing to that, so no broken word here. This is how I feel about that.]
Getting a bit tired of the religious posts, but not getting Involved. For now.
I remember everyone agreeing to keep God off here. Broken word?
Reagan also founded the "Trickel-Down-Economics-Theory", which only provided a "Smooth Highway of Excuses" to give massive tax breaks to the top 1- 5% and corporations! For the unknowing, the Trickel-Down-Economics-Theory claimed that if tax breaks were given to the very rich and large corporations, they'd reinvest every dollar of those tax breaks into business which in turn would create increased employment opportunities for the poor and under-employed! The only problem was, and still is, "it didn't work then, it doesn't work now and it won't work in the future! Why?
G-R-E-E-D!!! The top 1-5% will never be satisfied with the amount wealth they have, i.e., enough is never enough, likewise, corporations are the embryos of greed! Ask yourself this simple question, and honestly, "Have you ever heard of a corporation state they've made enough profit, again and likewise, have you ever heard of an ultra-rich individual say I got all the money I want?" A few give away a lot of money but guess what, it's always a tax write-off, so why not give it away, after all they get a lot of rewards and recognition by giving a few dollars away and bringing public attention to it! Finally, guess what, the joke is on those who may not be aware of it, their tax write-off's are eventually at the expense of those having to pay taxes, mostly the lower 50-60% of society's taxable income payers!
What nonsense.Isn't that a shame, I don't recall my agreeing to that, so no broken word here. This is how I feel about that.
Mark 8:38 - Whosoever therefore shall be ashamed of me and of my words in this adulterous and sinful generation; of him also shall the ******* of man be ashamed, when he cometh in the glory of his ******* with the holy angels.
Nonsense Huh ! Everything is falling into place all over this world, wake up.What nonsense.
God has nothing to do with it my friend. Humans are resourceful and cool brains and calm minds will win the day. Many will die but the human spirit shall prevail, as it always does.Nonsense Huh ! Everything is falling into place all over this world, wake up.
Answer to your thoughts !
Reagan's action, was to cut the tax rates of the bottom 38% of earners and the Top earners by 2% His Financial men Art Laffer was his chief policy advisor who gave the President what became known as the Laffer curve. Which are you lower the tax rate of the bottom earners, and give the top rate payers a tax break for business investment, It would send money into expanding Small Business, Thus creating jobs, and sending more spendable income into the economy or (The Trickle down theory} during that time America came out of the recession and high unemployment. If one did not work during the Reagan years, it is because he chose not too, The middle class, grew, and the poorest, started coming out of poverty.
Now the Democratic's to save themselves fought and passed the rewrite of the National Mortgage act. Allowing small banks to not have as much in the ratio of assets to loans. and eliminating the usual down payment of 20% and to lower credit standard so more people could buy houses. So savings banks began writing loans and selling the to Fanny May and Freddie Mack, they had to maintain a 45 % asset to outstanding loans Well you know the story it was called the saving & loan default in the eighties and as you know Reagan was the blame for this due to his tax cuts.which is not true
As for the greedy Corp thieves.and the overloads that keep the American middle class poor, I only need to say tell me one thing the Congress or the Senate just one product just ONE they have invented for the people, Name one thing they have done to advance medical, help or improve surgery cure a disease, or improve any product every made. The greatest achievement the Government has ever achieved, is making life harder, taking more of peoples money, creating roadblocks to stop Americans from succeeding. If they were a Company all would have been fired long ago, They create more problems than solutions.
Corporations put money into all America's communities, providing monies for people to spend for a better life. The Obama Lie was an affront to anyone with a brain, When he told America, (Business didn't build that, The Government did. What load of manure I just never understand the amount of ignorance that America produces from school's and collages people who just have no thought reason or even pursue the truth.
I have found those that spill all this nonsense is the poorest amongst us, and the least educated.
Answer to your thoughts !
Reagan's action, was to cut the tax rates of the bottom 38% of earners and the Top earners by 2% His Financial men Art Laffer was his chief policy advisor who gave the President what became known as the Laffer curve. Which are you lower the tax rate of the bottom earners, and give the top rate payers a tax break for business investment, It would send money into expanding Small Business, Thus creating jobs, and sending more spendable income into the economy or (The Trickle down theory} during that time America came out of the recession and high unemployment. If one did not work during the Reagan years, it is because he chose not too, The middle class, grew, and the poorest, started coming out of poverty.
Now the Democratic's to save themselves fought and passed the rewrite of the National Mortgage act. Allowing small banks to not have as much in the ratio of assets to loans. and eliminating the usual down payment of 20% and to lower credit standard so more people could buy houses. So savings banks began writing loans and selling the to Fanny May and Freddie Mack, they had to maintain a 45 % asset to outstanding loans Well you know the story it was called the saving & loan default in the eighties and as you know Reagan was the blame for this due to his tax cuts.which is not true
As for the greedy Corp thieves.and the overloads that keep the American middle class poor, I only need to say tell me one thing the Congress or the Senate just one product just ONE they have invented for the people, Name one thing they have done to advance medical, help or improve surgery cure a disease, or improve any product every made. The greatest achievement the Government has ever achieved, is making life harder, taking more of peoples money, creating roadblocks to stop Americans from succeeding. If they were a Company all would have been fired long ago, They create more problems than solutions.
Corporations put money into all America's communities, providing monies for people to spend for a better life. The Obama Lie was an affront to anyone with a brain, When he told America, (Business didn't build that, The Government did. What load of manure I just never understand the amount of ignorance that America produces from school's and collages people who just have no thought reason or even pursue the truth.
I have found those that spill all this nonsense is the poorest amongst us, and the least educated.
where in the hell do you get your info...…...way off......waaaaay off......greenspan is the one who told him how to fuck the country on taxes and etc...…..and when Greenspan saw trickle fucking down was not working and gov going broke......he convinced Reagan to raid Social security to pay the bills.....when he had robbed a bunch out of it and still not going well he had Reagan go in front of congress saying social security was going broke and needed to raise the amount paid in...….the Dems didn't buy it...but he convinced enough to get the raise......NONE of that raise ever went into social security and is still used to run the government
Reaganomics killed America’s middle class
This country’s fate was sealed when our government slashed taxes on the rich back in 1980
There's nothing "normal" about having a middle class. Having a middle class is a choice that a society has to make, and it's a choice we need to make again in this generation, if we want to stop the destruction of the remnants of the last generation's middle class.
Despite what you might read in the Wall Street Journal or see on Fox News, capitalism is not an economic system that produces a middle class. In fact, if left to its own devices, capitalism tends towards vast levels of inequality and monopoly. The natural and most stable state of capitalism actually looks a lot like the Victorian England depicted in Charles Dickens' novels.
At the top there is a very small class of superrich.
Below them, there is a slightly larger, but still very small, "middle" class of professionals and mercantilists - doctor, lawyers, shop-owners - who help keep things running for the superrich and supply the working poor with their needs.
And at the very bottom there is the great mass of people - typically over 90 percent of the population - who make up the working poor. They have no wealth - in fact they're typically in debt most of their lives - and can barely survive on what little money they make.
So, for average working people, there is no such thing as a middle class in "normal" capitalism. Wealth accumulates at the very top among the elites, not among everyday working people. Inequality is the default option.
You can see this trend today in America. When we had heavily regulated and taxed capitalism in the post-war era, the largest employer in America was General Motors, and they paid working people what would be, in today's dollars, about $50 an hour with benefits. Reagan began deregulating and cutting taxes on capitalism in 1981, and today, with more classical "raw capitalism," what we call "Reaganomics," or "supply side economics," our nation's largest employer is WalMart and they pay around $10 an hour.
This is how quickly capitalism reorients itself when the brakes of regulation and taxes are removed - this huge change was done in less than 35 years.
The only ways a working-class "middle class" can come about in a capitalist society are by massive social upheaval - a middle class emerged after the Black Plague in Europe in the 14th century - or by heavily taxing the rich.
French economist Thomas Piketty has talked about this at great length in his groundbreaking new book, Capital in the Twenty-First Century. He argues that the middle class that came about in Western Europe and the United States during the mid-twentieth was the direct result of a peculiar set of historical events.
According to Piketty, the post-World War II middle class was created by two major things: the destruction of European inherited wealth during the war and higher taxes on the rich, most of which were rationalized by the war. This brought wealth and income at the top down, and raised working people up into a middle class.
Piketty is right, especially about the importance of high marginal tax rates and inheritance taxes being necessary for the creation of a middle class that includes working-class people. Progressive taxation, when done correctly, pushes wages down to working people and reduces the incentives for the very rich to pillage their companies or rip off their workers. After all, why take another billion when 91 percent of it just going to be paid in taxes?
This is the main reason why, when GM was our largest employer and our working class were also in the middle class, CEOs only took home 30 times what working people did. The top tax rate for all the time America's middle class was created was between 74 and 91 percent. Until, of course, Reagan dropped it to 28 percent and working people moved from the middle class to becoming the working poor.
Other policies, like protective tariffs and strong labor laws also help build a middle class, but progressive taxation is the most important because it is the most direct way to transfer money from the rich to the working poor, and to create a disincentive to theft or monopoly by those at the top.
History shows how important high taxes on the rich are for creating a strong middle class.
If you compare a chart showing the historical top income tax rate over the course of the twentieth century with a chart of income inequality in the United States over roughly the same time period, you'll see that the period with the highest taxes on the rich - the period between the Roosevelt and Reagan administrations - was also the period with the lowest levels of economic inequality.
You'll also notice that since marginal tax rates started to plummet during the Reagan years, income inequality has skyrocketed.
Even more striking, during those same 33 years since Reagan took office and started cutting taxes on the rich, income levels for the top 1 percent have ballooned while income levels for everyone else have stayed pretty much flat.
Coincidence? I think not.
Creating a middle class is always a choice, and by embracing Reaganomics and cutting taxes on the rich, we decided back in 1980 not to have a middle class within a generation or two. George H.W. Bush saw this, and correctly called it "Voodoo Economics." And we're still in the era of Reaganomics - as President Obama recently pointed out, Reagan was a successful revolutionary.
This, of course, is exactly what conservatives always push for. When wealth is spread more equally among all parts of society, people start to expect more from society and start demanding more rights. That leads to social instability, which is feared and hated by conservatives, even though revolutionaries and liberals like Thomas Jefferson welcome it.
And, as Kirk and Buckley predicted back in the 1950s, this is exactly what happened in the 1960s and '70s when taxes on the rich were at their highest. The Civil Rights movement, the women's movement, the consumer movement, the anti-war movement, and the environmental movement - social movements that grew out of the wealth and rising expectations of the post-World War II era's middle class - these all terrified conservatives. Which is why ever since they took power in 1980, they've made gutting working people out of the middle class their number one goal.
We now have a choice in this country. We can either continue going down the road to oligarchy, the road we've been on since the Reagan years, or we can choose to go on the road to a more pluralistic society with working class people able to make it into the middle class. We can't have both.
And if we want to go down the road to letting working people back into the middle class, it all starts with taxing the rich.
The time is long past due for us to roll back the Reagan tax cuts.
Very well written and definitive! Both posts well researched! Great job, subhub174014
And did I read, or hear somewhere that "The Dear Donald" and his Trumpeteers (I.e., ex-Republicans) add an additional $1+ trillion to the US deficit and it continues growing by the day! So much for budget constraint!
I have those two articles stored on here....actually I have a folder full of facts in a folder I keep stored
Reagan...Social Security...NAFTA.....Clinton......etc
he was off on his first part....but pretty close on the second part about corps...and congress
Sub we differ in views, you seem like a nice enough person, but for one thing our value system is focused different, not a bad thing either way. I was raised dirt poor but my family never used government aid, dad almost went bankrupt and our old home was all we had to take from us. My ******* and mom both went to work in a woolen mill and managed to get us on a more successful path. My ******* worked double shifts sometimes 3 times each week. We had health insurance through the mill $2.50 a week that paid 100% when we needed a doctor. One year I saw my dad's gross pay stub for his W2 it was between 2 and 3 thousand dollars for the whole year. My family never asked for government handouts, as my ******* called them. I don't know your history but I hold on to these values.Reaganomics killed America’s middle class
This country’s fate was sealed when our government slashed taxes on the rich back in 1980
There's nothing "normal" about having a middle class. Having a middle class is a choice that a society has to make, and it's a choice we need to make again in this generation, if we want to stop the destruction of the remnants of the last generation's middle class.
Despite what you might read in the Wall Street Journal or see on Fox News, capitalism is not an economic system that produces a middle class. In fact, if left to its own devices, capitalism tends towards vast levels of inequality and monopoly. The natural and most stable state of capitalism actually looks a lot like the Victorian England depicted in Charles Dickens' novels.
At the top there is a very small class of superrich.
Below them, there is a slightly larger, but still very small, "middle" class of professionals and mercantilists - doctor, lawyers, shop-owners - who help keep things running for the superrich and supply the working poor with their needs.
And at the very bottom there is the great mass of people - typically over 90 percent of the population - who make up the working poor. They have no wealth - in fact they're typically in debt most of their lives - and can barely survive on what little money they make.
So, for average working people, there is no such thing as a middle class in "normal" capitalism. Wealth accumulates at the very top among the elites, not among everyday working people. Inequality is the default option.
You can see this trend today in America. When we had heavily regulated and taxed capitalism in the post-war era, the largest employer in America was General Motors, and they paid working people what would be, in today's dollars, about $50 an hour with benefits. Reagan began deregulating and cutting taxes on capitalism in 1981, and today, with more classical "raw capitalism," what we call "Reaganomics," or "supply side economics," our nation's largest employer is WalMart and they pay around $10 an hour.
This is how quickly capitalism reorients itself when the brakes of regulation and taxes are removed - this huge change was done in less than 35 years.
The only ways a working-class "middle class" can come about in a capitalist society are by massive social upheaval - a middle class emerged after the Black Plague in Europe in the 14th century - or by heavily taxing the rich.
French economist Thomas Piketty has talked about this at great length in his groundbreaking new book, Capital in the Twenty-First Century. He argues that the middle class that came about in Western Europe and the United States during the mid-twentieth was the direct result of a peculiar set of historical events.
According to Piketty, the post-World War II middle class was created by two major things: the destruction of European inherited wealth during the war and higher taxes on the rich, most of which were rationalized by the war. This brought wealth and income at the top down, and raised working people up into a middle class.
Piketty is right, especially about the importance of high marginal tax rates and inheritance taxes being necessary for the creation of a middle class that includes working-class people. Progressive taxation, when done correctly, pushes wages down to working people and reduces the incentives for the very rich to pillage their companies or rip off their workers. After all, why take another billion when 91 percent of it just going to be paid in taxes?
This is the main reason why, when GM was our largest employer and our working class were also in the middle class, CEOs only took home 30 times what working people did. The top tax rate for all the time America's middle class was created was between 74 and 91 percent. Until, of course, Reagan dropped it to 28 percent and working people moved from the middle class to becoming the working poor.
Other policies, like protective tariffs and strong labor laws also help build a middle class, but progressive taxation is the most important because it is the most direct way to transfer money from the rich to the working poor, and to create a disincentive to theft or monopoly by those at the top.
History shows how important high taxes on the rich are for creating a strong middle class.
If you compare a chart showing the historical top income tax rate over the course of the twentieth century with a chart of income inequality in the United States over roughly the same time period, you'll see that the period with the highest taxes on the rich - the period between the Roosevelt and Reagan administrations - was also the period with the lowest levels of economic inequality.
You'll also notice that since marginal tax rates started to plummet during the Reagan years, income inequality has skyrocketed.
Even more striking, during those same 33 years since Reagan took office and started cutting taxes on the rich, income levels for the top 1 percent have ballooned while income levels for everyone else have stayed pretty much flat.
Coincidence? I think not.
Creating a middle class is always a choice, and by embracing Reaganomics and cutting taxes on the rich, we decided back in 1980 not to have a middle class within a generation or two. George H.W. Bush saw this, and correctly called it "Voodoo Economics." And we're still in the era of Reaganomics - as President Obama recently pointed out, Reagan was a successful revolutionary.
This, of course, is exactly what conservatives always push for. When wealth is spread more equally among all parts of society, people start to expect more from society and start demanding more rights. That leads to social instability, which is feared and hated by conservatives, even though revolutionaries and liberals like Thomas Jefferson welcome it.
And, as Kirk and Buckley predicted back in the 1950s, this is exactly what happened in the 1960s and '70s when taxes on the rich were at their highest. The Civil Rights movement, the women's movement, the consumer movement, the anti-war movement, and the environmental movement - social movements that grew out of the wealth and rising expectations of the post-World War II era's middle class - these all terrified conservatives. Which is why ever since they took power in 1980, they've made gutting working people out of the middle class their number one goal.
We now have a choice in this country. We can either continue going down the road to oligarchy, the road we've been on since the Reagan years, or we can choose to go on the road to a more pluralistic society with working class people able to make it into the middle class. We can't have both.
And if we want to go down the road to letting working people back into the middle class, it all starts with taxing the rich.
The time is long past due for us to roll back the Reagan tax cuts.
Sub we differ in views, you seem like a nice enough person, but for one thing our value system is focused different, not a bad thing either way. I was raised dirt poor but my family never used government aid, dad almost went bankrupt and our old home was all we had to take from us. My ******* and mom both went to work in a woolen mill and managed to get us on a more successful path. My ******* worked double shifts sometimes 3 times each week. We had health insurance through the mill $2.50 a week that paid 100% when we needed a doctor. One year I saw my dad's gross pay stub for his W2 it was between 2 and 3 thousand dollars for the whole year. My family never asked for government handouts, as my ******* called them. I don't know your history but I hold on to these values.