Wealth Inequality In America

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It is kind of ridiculous though. I work in financial services and you see doctors who worked their whole life and have 2 million to retire on while some executive or sports guy makes more then that in a month

Or a teacher with 700,000 earned over a lifetime yet some coach can earns that much in six months
 

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Wow.... People made money and want to keep it. So, if someone earned it they should give it to people who didnt earn it or work hard for it? MAKES NO SENSE!!

Ok so if ALL the billionaires kept only $1,000,000 dollars in cash only... and gave everyone at the bottom 20% $1,000,000... in 10 years who would be multi-millionaires, and who would be flat broke with nothing to show for it?

There is a reason they are in the top % and those who are in the bottom.
 

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I'm not for wealth redistribution but we do need to fix our tax system.
 

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I'm not for wealth redistribution but we do need to fix our tax system.

How so?

The top % pay most of the taxes in America....

While the bottom pays NOTHING ... AND gets thousands of dollars back.

A millionaires pays millsions in taxes... Yet someone makes $30,000, and gets only $1100 taken out in federal income tax from their check, BUT THEN gets back close to $6k for a tax refund.

Yeah, lets fix that. NO ONE should be getting a refund!!
 

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How so?

The top % pay most of the taxes in America....

While the bottom pays NOTHING ... AND gets thousands of dollars back.

A millionaires pays millsions in taxes... Yet someone makes $30,000, and gets only $1100 taken out in federal income tax from their check, BUT THEN gets back close to $6k for a tax refund.

Yeah, lets fix that. NO ONE should be getting a refund!!


Fairtax.org

 

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Wow.... People made money and want to keep it. So, if someone earned it they should give it to people who didnt earn it or work hard for it? MAKES NO SENSE!!

Ok so if ALL the billionaires kept only $1,000,000 dollars in cash only... and gave everyone at the bottom 20% $1,000,000... in 10 years who would be multi-millionaires, and who would be flat broke with nothing to show for it?

There is a reason they are in the top % and those who are in the bottom.


I'm not for wealth re distribution either but don't say there is a reason they are the top %. In some cases yes. But there are many millionaire/billionaires where it is nothing but old family money that those individuals have done nothing to earn.

While someone not in that situation works their ass off their whole life just hoping to make 6 figures
 

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I'm not for wealth re distribution either but don't say there is a reason they are the top %. In some cases yes. But there are many millionaire/billionaires where it is nothing but old family money that those individuals have done nothing to earn.

While someone not in that situation works their ass off their whole life just hoping to make 6 figures

So what?
 

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Never made much sense to me how much ceo's earn. Just seems like bad economic business sense from the company point of view.
 

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If someone has it its thiers... no idea why people want to take something away from someone and just give it to another.

If you want something you got to earn it yourself or get lucky.
 

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Never made much sense to me how much ceo's earn. Just seems like bad economic business sense from the company point of view.

Yeah moving the goalposts. That was not what I meant.

How do you know people who inherited wealth from their parents/ grandparents/uncle, aunt...or whoever...done NOTHING to earn them?

BTW, estate tax exemption is @$5.25 million, above that threshold, it is 40% tax rate. That's why ultra rich liberal such as Bill Gates & Warren Buffet pledge to donate all their wealth to charitable trust because they don't want uncle Sam to touch not one penny of it. I think the government should rewrite the tax code that would allow the government to take all $$$ from those rich bastards when they die eh?
 

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Never made much sense to me how much ceo's earn. Just seems like bad economic business sense from the company point of view.

Guy playing basketball making $20MM/yr, golfer making $20MM, hollywood actor getting paid $20MM for shit movie...that is what makes no sense. These CEO's actually get out of bed before noon and bust there asses employing tens of thousands of people.
 

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Guy playing basketball making $20MM/yr, golfer making $20MM, hollywood actor getting paid $20MM for shit movie...that is what makes no sense. These CEO's actually get out of bed before noon and bust there asses employing tens of thousands of people.
Athletes and actors basically make commission. If they can't sell tickets, they won't be around long. BTW, how many of them end up broke when their career slows down?
 

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What stopped everyone who is complaining about millionaires, from becoming millionaires themselves?

Was it bad choices in life? Was it them not trying hard enough in school? I believe in something called "Personal Responsibility" here in America... Everyone has a chance, but what they do with it is mostly their own fault.

So many people came from absolutely nothing, and have become some of the greatest people in our country, because they took responsibility for their life and worked hard to become what they are.
 

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A young woman was about to finish her first year of college. Like so many others her age, she considered herself to be a very liberal Democrat and was very much in favor of the redistribution of wealth.

She was deeply ashamed that her father was a rather staunch Republican, a feeling she openly expressed. Based on the lectures that she had participated in and the occasional chat with a professor, she felt that her father had for years harbored an evil, selfish desire to keep what he thought should be his.

One day she was challenging her father on his opposition to higher taxes on the rich and the addition of more government welfare programs. The self-professed objectivity proclaimed by her professors had to be the truth and she indicated so to her father. He responded by asking how she was doing in school. Taken aback, she answered rather haughtily that she had a 4.0 GPA and let him know that it was tough to maintain, insisting that she was taking a very difficult course load and was constantly studying, which left her no time to go out and party like other people she knew. She didn't even have time for a boyfriend and didn't really have many college friends because she spent all her time studying.

Her father listened and then asked, "How is your friend Audrey doing?" She replied, "Audrey is barely getting by. All she takes are easy classes, she never studies and she barely has a 2.0 GPA. She is so popular on campus, college for her is a blast. She's always invited to all the parties and lots of times she doesn't even show up for classes because she's too hung over."

Her wise father asked his daughter, "Why don't you go to the Dean's office and ask him to deduct a 1.0 off your GPA and give it to your friend who only has a 2.0. That way you will both have a 3.0 GPA and certainly that would be a fair and equal distribution of GPA."

The daughter, visibly shocked by her father's suggestion, angrily fired back, "That wouldn't be fair! I have worked really hard for my grades! I've invested a lot of time, and a lot of hard work! Audrey has done next to nothing toward her degree. She played while I worked my tail off!"

The father slowly smiled, winked and said gently, "Welcome to the Republican Party."
 

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I have been a lot like you my whole life NFLTRENDS. I said the same things as you in this thread. That being said, I have done a lot of research and a lot of thinking on this topic and I urge you to do the same. I have always personally attacked entitlements and welfare, all that shit. However, I think that the top 1% is a little extreme. I work hard and will be a millionaire myself and trust me it kills me to pay the amount of taxes that I pay especially when you go to the gas station and see the abuse of EBT(For some reason that always gets my blood boiling). That being said, I think that it is unnecessary and a little inhumane that the CEO's are making more in an hour then the employees make in a month worth of work. Like the video said, are they really working 380x as hard as their employees? Would the money in the US be better spent by the employees. I mean at some point these top 1% can't possibly spend the money they make.
 

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While I somewhat agree Kruser... Did those CEO's get there by not working hard, or not attending school/college and doing their best? I am sure there is a tiny percentage that got there by sheer luck, but they put themselves in that position.
 

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