Either we have insane income disparity or it's... eek! Marxism!
The Cliff of DOOM
Re: The Cliff of DOOM
by Indy » Wed Jan 02, 2013 12:31 pm
LOL! Whaaaaaat a false choice.
Either we have insane income disparity or it's... eek! Marxism!
Either we have insane income disparity or it's... eek! Marxism!
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Indy - VIP
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Re: The Cliff of DOOM
by Kane » Wed Jan 02, 2013 12:34 pm
It's not equity in the strictest sense, it's equity in terms of opportunity. This is basically an argument for social mobility.
If you want to charge a $40K household the same rate as a $40 Million household you're significantly affecting social mobility due to the regressive scheme imposed. It doesn't make a lot of sense if the goal is to improve the prospects of the country as a whole. If all you're concerned with is the protection of the wealthy then you're walking down a path to confrontation.
If you want to charge a $40K household the same rate as a $40 Million household you're significantly affecting social mobility due to the regressive scheme imposed. It doesn't make a lot of sense if the goal is to improve the prospects of the country as a whole. If all you're concerned with is the protection of the wealthy then you're walking down a path to confrontation.
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Kane - Vice President
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Re: The Cliff of DOOM
by Bill_in_Bethlehem » Wed Jan 02, 2013 12:36 pm
really disappointed how this was "resolved"
so we added only 4 more trillion to the debt
these buffoons in congress are a disgrace
party politics above all
so we added only 4 more trillion to the debt
these buffoons in congress are a disgrace
party politics above all
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Bill_in_Bethlehem - Congressman
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Re: The Cliff of DOOM
by Kane » Wed Jan 02, 2013 12:39 pm
Wait until March. Possibly even the end of February. Shit will heat up again.
Also...Japan appears to be entering full on into the central bank wars. More competition in export oriented industries as the yen falls. It's going to be so interesting.
Also...Japan appears to be entering full on into the central bank wars. More competition in export oriented industries as the yen falls. It's going to be so interesting.
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Kane - Vice President
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Re: The Cliff of DOOM
by John Galt » Wed Jan 02, 2013 12:42 pm
Americans learn only from catastrophe and not from experience. -- Theodore Roosevelt
My life has become a single, ongoing revelation that I haven’t been cynical enough.
My life has become a single, ongoing revelation that I haven’t been cynical enough.
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