Pie Charts of Wealth/Distribution - which chart is the USA?
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test your knowledge of economics......Taken from... Land of the Free, Home of the Poor | PBS NewsHour | Aug. 16, 2011 Financial gains over the last decade in the United States have been mostly made at the "tippy-top" of the economic food chain as more people fall out of the middle class. The top 20 percent of Americans now holds 84 percent of U.S. wealth, as Paul Solman found out as part of a Making Sen$e series on... http://www.pbs.org/newshour/bb/business/july-dec11/makingsense_08-16.html The GOP Wants To Raise Your Taxes By 25% politicususa.com — When House Republicans come back from their current recess, they are going to attempt to raise taxes by 25% on all middle and lower class working Americans. If you had any doubt about who the Republicans stand with and who they do not stand with, this quote from a Republican lawmaker says it all, "It's always a net positive to let taxpayers..... 21 hr 43 min ago http://www.politicususa.com/en/gop-tax-hike
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enjoy your capitalisn America :)
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Racist, very dumb; deleted, blocked. Have fun being poor and watching Youtube!
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Racist, very dumb; deleted, blocked Have fun being poor and watching Youtube!
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This is kinda old but it's actually Democrats that love raising taxes instead of doing things like creating a balanced budget or get their reckless spending in check. Take for say example Obama and the current dems all wanting to raise the debt ceiling on the country credit card instead of making cuts or addressing waste fraud and abuses or just doing their jobs and eliminating needless spending or giving trillions in bailout to fat cat bankers, wallstreet or our enemies over seas.
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The distribution of wealth, I don't think it really matters for the average Joe in any country, because governments the world over like nothing more than putting their hand up your shirt, and squeezing your tits until they turn purple to get there fucking tax revenue. Fuck taxes and governments right in the ear!
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Unlike the stinking liberals, I do not believe in equal outcomes. I believe in equal opportunity, and that is as far as it should go. Those who work harder and plan smarter and take the risks are entitled to their rewards. Those who want guarantees should be guaranteed NOTHING because THAT is what they risk: NOTHING!
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For every Steve Jobs there are thousands who are just as competent, just as innovative and really work their arse off and still end up miserable failures. This is partly by design. There is no greater enemy of capitalism than successful capitalists; they ALWAYS attempt to pull up the drawbridge and prevent competition. But mostly it's just that happenstance is the key determinant of success.
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A fraud, like everything else Reagan did.
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Reading comprehension failure.
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The savings and loans crisis was exactly the same thing as the housing bubble. The only difference is that during the S&L crisis you had regulators, who actually enforced existing regulations. They put a stop to the S&L crisis when banks were still reporting (fictional) record profits. There where over 2000 criminal convictions of senior banking executives. This time, there has been a total of ZERO, none, not one.
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The housing bubble was an accounting control fraud. You gut the underwriting, you make a tremendous amount of bad loans(bad loans pay higher interest and it's very difficult to grow fast by making good loans). You set loss reserves to something woefully inadequate. This gives you record, fictional, accounting profits that you can use to pay yourself millions in bonuses. In the longer term, over some years, this guarantees record losses; because the loss is 50%, not 2%
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No one but the banks are arguing for complex regulations. You had in office people who did not believe regulation was necessary or even useful. These people opened up a loophole around existing regulations that you could drive a super-tanker through(completely unregulated credit default swaps). Key regulations like Glass-Steagall, were cut. The number of white-collar criminologists was decimated. Existing regulations have not and are not being enforced.
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"Whoever gets rich in Sweden moves to the US" Good. You can keep our corporate leech-fucks, tax evaders and sociopaths. We don't want them. "So, pie 3 is nearly 32 times as large as pie 2....." Last I checked your population was 34 times larger, covering a land area 24 times larger.
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You must be one of the 47% that Willard Romney keeps talking about.
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you do know how precentages work right? Or are you American public school educated?
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Yes - we take all the selfish companies and evaders of taxes. Our nation is like the scabs that cross the union lines - only able to think in the short term and willing to race to the bottom of wages, quality of life and equality for selfish short term goals. That explains why we seem to do better than countries that are all about the unions and workers rights. We enjoyed the shor term success - now it's time to pay the piper.
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yeah it's pretty sickening that it has gotten like that, a lot of people can have an adequet life style but the top group is basically hording money and has so much they could never feasibly spend it all on non-pointless things
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So what evidence is there that the current tax policies are so perfect that we must not raise tax rates on the top bracket? Top rates were 70-90% from 1930's-1980s. We managed to fight 3 wars, sent a man to the moon, built a freeway system, water systems, public schools, airports etc - its the infrastructure you see around you today. We did all that and created the larges middle class in the world. The low rates since the 80's led to massive debt, crumbling infrastructure, & market collapses.
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Whoever gets rich in Sweden moves to the US (or other countries with more favorable tax laws). Also, the size of the different pies is interesting. GDP Sweden: 0.46 bn$ GDP USA: 14.53 bn$ So, pie 3 is nearly 32 times as large as pie 2.....
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Country 1 is a horrible place.
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