9 Responses to “Income Inequality”

1. captaal Says:
   August 3rd, 2012 at 9:52 pm

   Beez, You obviosly hate all who have become rich through their own innovation and hard work. You’re a poster child for class envy but do you realize it is these people who create jobs and are the philanthropists of our society? You like Obama feel it’s not the creators of buisnesses that actually do the creation but it is the govt that made it happen and therefore the fruits belong to all. You believe that bureucrats or politictans that have no experiance in the private sector are far more capable of determining what is best for not only the buisness sector but all of is. The over regulations and over taxation by these idiots only put a strangle hold on entrepeneurship.You and liberals like you will eventually choke the life out of all who strive for a better life and a better country and soon you will drain the life out of all. You can see the decline in europe and that’s where we are heading.

2. chris Says:
   August 4th, 2012 at 9:18 am

   I don’t know who I envy. Never think about it. A waste of time, I suspect.

   I’ve just done a lot of reading, studying and thinking about how economies work well. I come to certain conclusions, things like the more people participating in an economy the better it develops. Income inequality at levels we haven’t seen since the Gilded Age is not a good sign. And that the economy has blown up and can’t recover quickly doesn’t surprise me in the least given the income disparities.

   Investors, inventors, enterepreneurs play important roles in building a robust economy, but they are not the center of the economic universe. Demand is at the center of the economic universe. Stagnant wages for a majority of working people, even real loss of purchasing power for a majority of working people, is a sure sign an economy is weakening. This has been going on for 30 years, with a brief inturlude during Clinton’s terms, and that interlude has been effectively reversed this century.

   Your understanding of how economies work is flawed in a number of ways, in my opinion. I don’t blame you. Being wrong isn’t a rare human mistake. But it’s about time we all started learning from our mistakes and put in better policies: Ones that create new jobs, not just talk about ‘maybe’ creating new jobs; ones that pay the bills; ones that discourage fraud and over speculation on financial assets; ones that make health care a right, not a privilege.

   Ones that are inclusive, not exclusive.

3. captaal Says:
   August 4th, 2012 at 9:54 am

   The new jobs you speak of can be created if govt gets out of controling and over taxing.Demand is only created by invention and paid for by those who work for the inventor.It takes the entrepeneur to start the cycle………he is the center, not the worker nor demand. I don’t blame your flawed thinking …. it’s probably from the misguided crap you’re reading.

4. Chris Herbert Says:
   August 4th, 2012 at 1:55 pm

   All economic activity is done in anticipation of demand. No demand, no economic activity.

   For most of the world’s history, demand was deficient in part because a very small group of people had all the money and much of it sat idle. Not until incomes began to increase among a larger group of people (think of early artisan guilds, for one early example) did economic activity pick up.

   We have the lowest tax rates in history. Real corporate tax revenue is an afterthought. According to your theory we should be swimming in jobs and income growth.

   Exactly the opposite happened. Just can’t believe your lying eyes Capt?

5. captaal Says:
   August 4th, 2012 at 2:35 pm

   The demand product must be invented first. The trouble is you fail to recognize the individualism that creates. Everything else follows, jobs and demand. We have the highest corp taxes in the world and if we re- patrioted industry that left to avoid those excessive taxes and over govt regulations our economy would boom.Unfortunately the liberal hate and envy for industry and those who lead it, will prevent that happening.TOO BAD, OUR LOSS.

6. captaal Says:
   August 4th, 2012 at 2:42 pm

   How can you say demand comes first if the gadget is not even invented?People were happy with horses before Ford came along.

7. Chris Herbert Says:
   August 5th, 2012 at 12:59 pm

   Ford was a new method of transportation. The demand for transportation existed before Ford did.

   As for company’s redirecting overseas profits into domestic investment, sure let’s do it. But they have to invest the profits. Otherwise you’re just encouraging them to stockpile money overseas, avoiding taxes and knowing they will eventually be forgiven those taxes. Not good to reward bad behaviour.

8. Chris Herbert Says:
   August 5th, 2012 at 1:00 pm

   And corporations don’t pay much in federal taxes anyway. Hardly over taxed if you ask me.

9. captaal Says:
   August 5th, 2012 at 3:11 pm

   I agree that should be the stipulation……….profits should br reinvested. True, transportation was used, i think walking was the first invented. Your resoning is flawed.

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