We can't discuss the economy in here?That this is going to get moved in the political forum toot sweet.
And, it is a huge issue.
I don’t see how this is discussed without a political angle being introduced.We can't discuss the economy in here?
If the test is "anything that has a political angle," just rename the FFA the PSF?I don’t see how this is discussed without a political angle being introduced.
I guess Chet jokes and such.
The political forum isn’t bad. Don’t be scared.
1% laugh at people diacussing First. Might as well be Greyhound.First class flying bastards! Power to the people!
Etc.
Not sure how this is political since this wealth concentration has been progressing through multiple administrations. Federal Reserve policy probably has more to do with it than anything.I don’t see how this is discussed without a political angle being introduced.
I guess Chet jokes and such.
The political forum isn’t bad. Don’t be scared.
I’m just saying there’s threads in there about Jeep commercialsIf the test is "anything that has a political angle," just rename the FFA the PSF?
Perhaps.Not sure how this is political since this wealth concentration has been progressing through multiple administrations. Federal Reserve policy probably has more to do with it than anything.
Jeez. It does look cool, but that's a bit excessive.Good example of the excess of wealth today: This Miami Condo features a $1.5M Pagani Zonda race car as a room divider.
People with a few hundred million laying around.Jeez. It does look cool, but that's a bit excessive.
Quirky, too. Who thinks of that?
Ridiculous. That Zonda could be helping a poor family get around town instead. So selfish.Good example of the excess of wealth today: This Miami Condo features a $1.5M Pagani Zonda race car as a room divider.
I’ll pass.Good example of the excess of wealth today: This Miami Condo features a $1.5M Pagani Zonda race car as a room divider.
Oats,
You could but it always gets ruined by someone.....within first 5 posts here.We can't discuss the economy in here?
Its horrible....I waded in there after an absence for a while, I don't understand how FBGs can be so bad to one another.I don’t see how this is discussed without a political angle being introduced.
I guess Chet jokes and such.
The political forum isn’t bad. Don’t be scared.
They are like hungry coyotes trying to lure this back to the pack......keep it on the economy and in FFA. I think you are correct a lot of it’s on Fed policy.Not sure how this is political since this wealth concentration has been progressing through multiple administrations. Federal Reserve policy probably has more to do with it than anything.
I post and read in there quite a bit. There are a handful of folks that argue in weird ways after that I find it pretty good place to have back and forth.Its horrible....I waded in there after an absence for a while, I don't understand how FBGs can be so bad to one another.
I mean Trump or not--it saddens me what has become of this place. This used to be our fun place where we could disagree but at the end of the day, still all laugh if off.
Maybe I am just naive or drunk (I am guessing the later )
Fed policy and tech innovation are behind this. Trickle down and centrist policies since then as well. Wall Street allowing Bezos to kill retail didn’t help and letting the waltons do it before as the rationale is not the appropriate answer.They are like hungry coyotes trying to lure this back to the pack......keep it on the economy and in FFA. I think you are correct a lot of it’s on Fed policy.
How did Wall Street allow this? There’s nothing that could have been done to stop it is there?Fed policy and tech innovation are behind this. Trickle down and centrist policies since then as well. Wall Street allowing Bezos to kill retail didn’t help and letting the waltons do it before as the rationale is not the appropriate answer.
It’s not about me; I’m not in that wealth bracket.@Otis how much do you think you should be taxed?
Agree with this. The math alone combined with capitalism natural inclination to hold down wages can lead to no other outcome without some kind of intervention by government.It’s not about me; I’m not in that wealth bracket.
My view on it has always been pretty simple. People outside the one percent, and even in the one percent, who have to work for a living to make money, to pay a mortgage, to save for college etc.? Those people should be taxed within a certain range and this includes high earners. But those truly rich dudes who make money off of other money — the trust fund babies, the ones amassing wealth just by virtue of having wealth through enormous amounts of investment income—should be taxed at a far far higher rate.
Where is the cutoff before that second range should hit? I don’t know. $5MM income per year? $10MM? You’d have to set it high enough such that you don’t impact a “regular guy” who has busted his butt to save money and who lives a “normal” or modest life off the interest he’s saved. But let’s tax the #### out of the guy taking regular helicopter rides to his luxury condo that has a supercar doubling as a room divider.
Crazy. That means if you halved the income of those 400 people, you could double the income of the 60% of the country that needs it most.I’m going to quote this again just because it’s an astounding thing to read:
”Those 400 Americans own more of the country’s riches than the 150 million adults in the bottom 60 percent of the wealth distribution”
Wealth does not equal income.Crazy. That means if you halved the income of those 400 people, you could double the income of the 60% of the country that needs it most.
Funny how that book is the first thing that came to mind for me, too.The Green egg in the outdoor grill is like Gatsby's green light.
If your net worth is $1 you own more than most of the bottom half.I’m going to quote this again just because it’s an astounding thing to read:
”Those 400 Americans own more of the country’s riches than the 150 million adults in the bottom 60 percent of the wealth distribution”
In fairness, using it that way at least shows an appropriate concern for climate change.Ridiculous. That Zonda could be helping a poor family get around town instead. So selfish.
Why would he ever have to do that?If we could travel back in time to when Bezos was fulfilling Amazon orders driving them in his Civic to the Post Office and ask him: "In 20 years years you will be the worlds richest man, but you will have to pay 90% in taxes." I'm sure he'd say: "If that's the case, I'll just keep my day job."
I don’t think they’d agree with that.It’s gonna trickle down, just ask anyone at the Federal Reserve.
Exactly. The concern about disincentivizing people like him is stupid. He’s going to do what he did regardless of taxes. The bigger problem is the stranglehold the super rich have on politics and our government.If we could travel back in time to when Bezos was fulfilling Amazon orders driving them in his Civic to the Post Office and ask him: "In 20 years years you will be the worlds richest man, but you will have to pay 90% in taxes." I'm sure he'd say: "If that's the case, I'll just keep my day job."
If we could travel back in time to 1976 when Steve Jobs and Woz first met and started Apple, and ask him: "In 30 years years you will be one of the worlds richest men, but you will die of cancer in 2011 at age 56." I'm sure he'd say: "If that's the case, I'll just keep my day job."If we could travel back in time to when Bezos was fulfilling Amazon orders driving them in his Civic to the Post Office and ask him: "In 20 years years you will be the worlds richest man, but you will have to pay 90% in taxes." I'm sure he'd say: "If that's the case, I'll just keep my day job."
The top taxation rate in American history is 94%Why would he ever have to do that?