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Author Topic:   Wealth Distribution in the USA
New Cat's Eye
Inactive Member


Message 526 of 531 (712782)
12-06-2013 3:24 PM
Reply to: Message 523 by Theodoric
12-06-2013 3:07 PM


Re: Let’s Cap CEO Pay
If religion is what made the man so easy to fool, then how was he so easily fooled into religion?
The parts of that sentence have nothing do with each other. The premise and conclusion are faulty. Logically it is flawed and has no meaning.
But it was a question

This message is a reply to:
 Message 523 by Theodoric, posted 12-06-2013 3:07 PM Theodoric has not replied

  
RAZD
Member (Idle past 1488 days)
Posts: 20714
From: the other end of the sidewalk
Joined: 03-14-2004


(1)
Message 527 of 531 (712792)
12-06-2013 6:56 PM
Reply to: Message 517 by dronestar
12-06-2013 1:56 PM


We've tried trickle-down -- why not try trickle-up?
Not surprisingly, I haven't seen this story in america's corporate media, what do you think:
I saw that and also that they had a proposal (don't know if it is voted on yet) to guarantee minimum living wage to every citizen.
Both are good ideas, but the second is more likely, imho, to pass.
This is why I advocate the 50-50-50 plan.
Thus my 50-50-50 plan:
  • the first $50,000 annual income (including dividends and any other sources of money) is tax free,
  • after subtracting $50,000 annual income from total income (from all sources) the rest is taxed at 50%,
  • everybody that files a tax return gets a $50.00 per day economy dividend -- your return on investing in the economy.
This amounts to base income of $18250.00(365x50) per year, and replaces social security, unemployment and welfare, etc. Everybody gets this, and they can select on their tax return whether they want it weekly, monthly or annually (taken off next years taxes). The whole program is run by IRS, so the other programs can be shut down and the people can engage in productive jobs or retire.
Tax returns would be simple one page documents anyone could fill out.
Enjoy.

we are limited in our ability to understand
by our ability to understand
Rebel American Zen Deist
... to learn ... to think ... to live ... to laugh ...
to share.


Join the effort to solve medical problems, AIDS/HIV, Cancer and more with Team EvC! (click)

This message is a reply to:
 Message 517 by dronestar, posted 12-06-2013 1:56 PM dronestar has not replied

Replies to this message:
 Message 530 by jar, posted 12-06-2013 7:55 PM RAZD has replied

  
RAZD
Member (Idle past 1488 days)
Posts: 20714
From: the other end of the sidewalk
Joined: 03-14-2004


(1)
Message 528 of 531 (712793)
12-06-2013 7:00 PM
Reply to: Message 518 by Phat
12-06-2013 2:00 PM


Re: Let’s Cap CEO Pay
Its all rather disgusting, and is a reason that I count on unionism to get a fair wage. The wealthy wont give up anything without pressure.
Relying on unions will not get any universal relief, and all non-union people will vote against it. There needs to be regulation across the board that applies to everyone.
Message 509: Thus my 50-50-50 plan:
  • the first $50,000 annual income (including dividends and any other sources of money) is tax free,
  • after subtracting $50,000 annual income from total income (from all sources) the rest is taxed at 50%,
  • everybody that files a tax return gets a $50.00 per day economy dividend -- your return on investing in the economy.
This amounts to base income of $18250.00(365x50) per year, and replaces social security, unemployment and welfare, etc. Everybody gets this, and they can select on their tax return whether they want it weekly, monthly or annually (taken off next years taxes). The whole program is run by IRS, so the other programs can be shut down and the people can engage in productive jobs or retire.
Rebuild the economy from the bottom and let it trickle up.
Enjoy

we are limited in our ability to understand
by our ability to understand
Rebel American Zen Deist
... to learn ... to think ... to live ... to laugh ...
to share.


Join the effort to solve medical problems, AIDS/HIV, Cancer and more with Team EvC! (click)

This message is a reply to:
 Message 518 by Phat, posted 12-06-2013 2:00 PM Phat has not replied

  
RAZD
Member (Idle past 1488 days)
Posts: 20714
From: the other end of the sidewalk
Joined: 03-14-2004


Message 529 of 531 (712794)
12-06-2013 7:02 PM
Reply to: Message 521 by New Cat's Eye
12-06-2013 3:01 PM


fools and fooled fools
Hmm. If religion is what made the man so easy to fool, then how was he so easily fooled into religion?
Don't remember who said this:
... It is easier to fool someone than to convince them that they have been fooled ...
So true.
Enjoy

we are limited in our ability to understand
by our ability to understand
Rebel American Zen Deist
... to learn ... to think ... to live ... to laugh ...
to share.


Join the effort to solve medical problems, AIDS/HIV, Cancer and more with Team EvC! (click)

This message is a reply to:
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jar
Member
Posts: 34058
From: Texas!!
Joined: 04-20-2004
Member Rating: 4.9


Message 530 of 531 (712798)
12-06-2013 7:55 PM
Reply to: Message 527 by RAZD
12-06-2013 6:56 PM


Re: We've tried trickle-down -- why not try trickle-up?
The problem with that proposal is that it specifies dollar amounts. If it is going to work it needs to be tied to some measurement of cost of living.

Anyone so limited that they can only spell a word one way is severely handicapped!

This message is a reply to:
 Message 527 by RAZD, posted 12-06-2013 6:56 PM RAZD has replied

Replies to this message:
 Message 531 by RAZD, posted 12-06-2013 8:53 PM jar has seen this message but not replied

  
RAZD
Member (Idle past 1488 days)
Posts: 20714
From: the other end of the sidewalk
Joined: 03-14-2004


Message 531 of 531 (712799)
12-06-2013 8:53 PM
Reply to: Message 530 by jar
12-06-2013 7:55 PM


Re: We've tried trickle-down -- why not try trickle-up?
If it is going to work it needs to be tied to some measurement of cost of living.
Agreed. There is some difficulty with c.o.l. being different in different parts of the country (cost of housing in particular) so it may need to be locally adjusted as well as inflation adjusted.
Cost of Living Calculator
What we should really want is living wage (that's what all the latest protests at fast food franchises are about):
Living Wage Definitions
MIT Living Wage Calculator
Living Wage Calculation for Austin city, Travis County, Texas = $9.43 for a single person, $19.56 for an adult with one child.
Living Wage Calculation for Topeka town, LaGrange County, Indiana = $8.65 for a single person, $16.99 for an adult with one child.
$9.00/hr x 8hr/day = $72/day = $18,720 for 52 five day work weeks per year, so this is close to the $50/day every day = $18,250.00 (this would compare to $8.77/hr for 54 five day weeks per year) so this is in the right ball-park and still leaves some room for 'incentivising' people to work to realize better living conditions.
Poverty wages for the same areas are all the same: $5.21 for a single person, $7.00 for adult with one child
It seems rather onerous to me for someone earning below the living wage to be paying taxes, but they get dinged several thousand dollars annually.
This would also need to include universal health care for everyone ... if you have a $50.00 annual copay each for Dr visits, annual medications, etc, then you pay cost for anything below that or $50.00.
Enjoy.

we are limited in our ability to understand
by our ability to understand
Rebel American Zen Deist
... to learn ... to think ... to live ... to laugh ...
to share.


Join the effort to solve medical problems, AIDS/HIV, Cancer and more with Team EvC! (click)

This message is a reply to:
 Message 530 by jar, posted 12-06-2013 7:55 PM jar has seen this message but not replied

  
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