You're a joke!!!

Island Dog and Drmiler

You two are the joke but not a funny one. The long term strength of the economy depends on spending. Continued spending required Jobs that pay a living wage. Every time a good paying job leaves our country or some one must take a job for less money the spending of those individuals’ drops. When that takes place millions of times the entire economy is impacted.

The wealthy would do well to follow the advice of Gates and Buffet when that advised Bush to use the tax cuts to the wealthy to meet our countries more pressing needs. The issue is not hate for the wealthy. It is not Class warfare. It is not stealing the profits of the wealthy. It is to maintain a STRONG economy by protecting the ability of the low and middle income Americans to purchase the goods and services from which the wealthy derive their wealth! Things like balancing the budget, paying down the debt, investing in new technology to make us less dependent of foreign oil. These are the things that will help keep our economy strong and maintain the profits from which the rich derive their wealth!!! You two have a much understanding of our economic system as a two rocks!

LOL. 

That is an option if there is another choice. The issue with jobs leaving this country or like Circuit City may not provide any real options that can offset the problem!

There was a really interesting series of articles on MSN money about this issue at Home Depot. They brought in the new CEO with a multi-million dollar compensation package. He increased profits by cutting hours which made the stockholders happy but the customers not so much. There were tons of stories from irate customers. Now Home Depot is promising to add more employees to the store but is it enough. Will those customers come back? Especially if there is a competitor in their area with better customer service? Time will tell. In this case the consumer can speak by taking their business elsewhere.

Col, our economy is strong and growing.  I'm not saying it's perfect by any means, but for you to sit there and say America is going to become a thrid world country is hillarious.  This is the kind of emotional dramatics that is common among the left.

IslandDog

Better read whet the Comptroller General said about the impending financial crises that will hit the U.S. as the Boomers retire and we are saddled with the huge National debt. You are kidding yourself if you do not understand the hole we are digging for our children! This is the report released this week about who is benefiting from that economic growth:


TAXING TIMES

The Center on Budget and Policy Priorities will release a report today showing that for middle-income Americans, the share of income taken by federal taxes has been mostly unchanged for four decades. By comparison, it has fallen by half for those at the very top of the ladder.
Income inequality grew significantly in 2005, with the top 1 percent of Americans — those with incomes that year of more than $348,000 — receiving their largest share of national income since 1928, analysis of newly released tax data shows. The top 10 percent, roughly those earning more than $100,000, also reached a level of income share not seen since before the Depression.


The gains went largely to the top 1 percent, whose incomes rose to an average of more than $1.1 million each, an increaWhile total reported income in the United States increased almost 9 percent in 2005, the most recent year for which such data are available, average incomes for those in the bottom 90 percent dipped slightly compared with the year before, dropping $172, or 0.6 percent.
se of more than $139,000.
The new data also show that the top 300,000 Americans enjoyed almost as much income as the bottom 150 million Americans. Per person, the top group received 440 times as much as the average person in the bottom half earned, nearly doubling the gap from 1980.
Emmanuel Saez, a University of California at Berkeley economist who analyzed the Internal Revenue Service data with Thomas Piketty of the Paris School of Economics, said such growing disparities were significant in terms of social and political stability.


"If the economy is growing but only a few are enjoying the benefits, it goes to our sense of fairness," Saez said. "It can have important political consequences."
Last year, according to other data, incomes for average Americans increased for the first time in several years. But because those at the top rely heavily on the stock market and business profits for their income, both of which were strong last year, it is likely that the disparities in 2005 are the same or larger now, Saez said.
He noted that the analysis was based on preliminary data and that the highest-income Americans were more likely than others to file their returns late, so his data might understate the growth in inequality.

Pathetic is too kind a word for this drivel.  

Yeah, this was and is being tried in Europe and you see how well that is working. When the taxes get too high the smart rich people move to America and change their citizenship. This leaves the country of their birth short but the only other choice is to not keep a majority of the money they earned. In Sweden if you are caught speeding the police have a direct connection to the tax rolls when they write you a ticket the fine is based on your previous taxes paid. So if you are poor you pay 75 dollars and if you are rich you pay 158,000 dollars and yes, the rich can afford it and they both broke the law but how is it fair to pay that much money for 20 miles over the speed limit?

In France if you hire someone you can’t fire them unless the person breaks the law and goes to jail. So if your employee hurts business you can’t get rid of them. This explains why I had such a horrible time over there. It also explains why businesspeople only hire when they have to and why unemployment is in the double digits. If you start a new business you must be rich so you are hammered with taxes and heavy restrictions so there is very little new growth businesses.

Yup the rich pay their fair share and more killing growth but the workers get to work a 30 hour work week and get at least two months off with pay each year. So much for productivity.

Poverty is rampant in Europe because they take from the rich and give to the government. European unemployment is around 11% to 20% while here in America where we allow people to chase their dreams unemployment is around 4% or 5%. Percentage wise we should have more people unemployed but we don’t so don’t let the dream of socialism fool you. Paying ones fair share under that failed system is more than just taking money from the rich it takes jobs and hope from the poor. 1.5 million out of work or 30 million out of work

Gene, your ideas are nice, but putting them into practice is what is stupid. Communism fails because of corruption. Socialism fails because of corruption. Capitalism succeeds in spite of corruption. Yes, in each case we will see corrupt people in positions of power but only in the American style of capitalism are we able to make it work, the rich get rich but in our system anyone can become rich, this is not the case in the other two. Yes, it is not easy to succeed but even the poor in America are better off than the middle class in most countries.

Our poor only have one television set, most own a car, have hot running water, electricity. I have been to countries where this is not the case. You go to the local store to watch TV and the owner chooses what you will watch.

Third world countries such as Italy and France to name two are like that. Japan had to invent a word to describe a personally owned vehicle in the 1980’s because until then only the very rich could afford a car so there was no need to have a term to describe ones own car. How did Japan get this super wealth? Capitalism is the answer. They copied our system of capitalism for the most part and in 30 years dug the nation out of poverty to become a world economic power.

China tossed communism overboard for capitalism and is working on becoming a world economic power.

South Korea is a glaring example of what happens when you turn to capitalism as opposed to North Korea which if you look at a satellite picture of both countries at night proves the point. You have most of the nation of South Korea in light and one city in North Korea lit up and the rest of the nation in darkness.

Does this mean that our style of capitalism is perfect? No! it does mean that where capitalism is allowed to grow the poor get better off.

When American buyers do comparison shopping to find the best price, they're considered smart shoppers.

But when corporations do the same thing, they're considered evil.

 

Draginol

The most basic requirement of economic strength is the ability of the population to earn a living wage. Without that there is no economic or any other security. What is taking place is that both manufacturing and high Tec jobs are leaving the United States and are being replaced with low paying jobs with few benefits. In time that will impact spending and that will end the gravy train for the wealthy that NEED the spending of the masses to generate the profits there wealth comes from.
Papadin77

What I have suggested will not create ANYTHING like the tax structure in Europe. Adding 4-3 % to the tax rate in the wealthy will not drive people from the U.S. That is just like Dragional saying it will turn America into a communist state. When 90% of the wealth is held by 10% of the people you do not have ANYTHING like a Communist State. If the top 10% pad another 4% in tax that will not alter the fact that the vast majority of the wealth in the U.S. will still be held by the top 10% of the population. The argument that a small increase in taxes on the wealthy will cause the sky to fall is like Saddam causing mushroom clouds over our cities when he did not have nuclear weapons. ALL HYPE so the wealthy can add more zeroes to their net worth statements!

I left the Marine Corps in 1988 with 50k in debts. By 1990 I was debt free bought a house and then started my own business. My wife sat at home taking care of the kids until they were old enough to walk to school alone then she started working on her career. If you want to make it all you have to do is not stop trying. If you want to be part of that 1% or that 10% don’t stop until you get there. If your business fails figure out where you went wrong and try again. Most rich people have been fired at least twice and have had their business fail a few times. The difference is they did not stop until they succeeded. Then you insult me by saying my hard work does not deserve reward of wealth I should give it to the poor. I earned my money why should I give it to the government that has never been able to prove to me they can manage it properly no matter who is in the majority or the white house? If the person is poor they should go to their church and see how the community can help them get on their feet. Most local churches are much better at taking care of the needs of the poor than the government.

The unemployment rate in the United States is very low. The economy is growing at a healthy rate.

I don't see the problem.