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Damn those evil rich people!!!!Follow

#102ThiefX, Posted: Apr 09 2010 at 8:21 PM, Rating: Sub-Default, (Expand Post) This right here. This is the reason we should fire all public school teachers.
#103 Apr 09 2010 at 8:26 PM Rating: Good
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ThiefX wrote:
This right here. This is the reason we should fire all public school teachers.


Yet you are the one that created this whole topic about how people with the majority of the earned income pay the majority of the income tax. Surprise Surprise!
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#104 Apr 09 2010 at 8:32 PM Rating: Decent
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TirithRR the Eccentric wrote:
ThiefX wrote:
This right here. This is the reason we should fire all public school teachers.


Yet you are the one that created this whole topic about how people with the majority of the earned income pay the majority of the income tax. Surprise Surprise!


And yet, the very first response to that statement was that those people held 90% of the wealth. The implication being that it's ok to tax them that much because they have so much...


I'll point out again that if you think it's a good idea to tax people because of their wealth, you don't actually understand what wealth is, how it's obtained, or how it's used.
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#105 Apr 09 2010 at 8:40 PM Rating: Good
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gbaji wrote:
And yet, the very first response to that statement was that those people held 90% of the wealth. The implication being that it's ok to tax them that much because they have so much...


Or that since they make more money, it's pretty damn obvious that they would pay more taxes.
That people shouldn't be surprised or offended. Seems fair enough.
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#106 Apr 09 2010 at 8:44 PM Rating: Decent
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gbaji wrote:
And yet, the very first response to that statement was that those people held 90% of the wealth. The implication being that it's ok to tax them that much because they have so much...

The implication was that they were paying less than what many would call their fair share of taxes.

Using the numbers given (which I'm sure are wrong, but they illustrate the concept), the average top 10% earner pays about a third of the percentage of their income in taxes that the lower 90% do. If the rest are paying 30% of our income in taxes; then they're paying 10%.

The assertion there is that the top earners earn a greater percentage of the income in the U.S. than the percentage they pay in taxes. If we assume the the fair amount of tax to pay is a set percentage of your income, then the rich are mooching off the middle class.

Oh, and I'll accept that you understand what is mathematically occurring here if you can tell me what is the proportion (to 3 decimal places) of bottom 90% to top 10% percentage income tax paid assuming that the top 10% pay 73% of the taxes and earn 90% of the income. If you can't do that, then you don't understand the math.

Edited, Apr 9th 2010 9:51pm by Allegory
#107 Apr 09 2010 at 9:38 PM Rating: Decent
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Allegory wrote:
gbaji wrote:
And yet, the very first response to that statement was that those people held 90% of the wealth. The implication being that it's ok to tax them that much because they have so much...

The implication was that they were paying less than what many would call their fair share of taxes.

Using the numbers given (which I'm sure are wrong, but they illustrate the concept), the average top 10% earner pays about a third of the percentage of their income in taxes that the lower 90% do. If the rest are paying 30% of our income in taxes; then they're paying 10%.

The assertion there is that the top earners earn a greater percentage of the income in the U.S. than the percentage they pay in taxes. If we assume the the fair amount of tax to pay is a set percentage of your income, then the rich are mooching off the middle class.

Oh, and I'll accept that you understand what is mathematically occurring here if you can tell me what is the proportion (to 3 decimal places) of bottom 90% to top 10% percentage income tax paid assuming that the top 10% pay 73% of the taxes and earn 90% of the income. If you can't do that, then you don't understand the math.


Allegory? IIRC, when Varus made the same mistake of mixing "percentage of wealth" with "percentage of income paid in taxes" you are making, everyone rightly called him on it. What the hell is your excuse?

You get that you can't equate the percentage of the total amount of taxes paid by a given percentile of income earners to the actual percentage of income being paid, right? I mean, that's like a rookie mathematics mistake...


How about you figure out what the hell point you're trying to make and then try again?
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#108 Apr 09 2010 at 9:39 PM Rating: Default
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I'll add that you apparently don't understand the difference between "wealth" and "income" either...
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#109 Apr 09 2010 at 9:43 PM Rating: Default
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TirithRR the Eccentric wrote:
gbaji wrote:
And yet, the very first response to that statement was that those people held 90% of the wealth. The implication being that it's ok to tax them that much because they have so much...


Or that since they make more money, it's pretty damn obvious that they would pay more taxes.


Is it? And remember, it's not just that they pay more, but that they pay a higher percentage of their income in taxes. I'm not saying that this is a horribly bad way to assess taxes, but I'm not sure why one would just state that it's "obvious" that they would (should?) pay that much more.

How much higher a percentage of their income is it "obvious" that someone earning 100k/year should pay than someone making 30k? The devil's kinda in the details, isn't it?
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#110 Apr 09 2010 at 10:15 PM Rating: Good
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It's not about what the company *will* do, but what it *might* do.


And we are saying what that company will *probably* do, because it is what they *do* do.

How many grocery stores have self check-out lanes now? Each one of those (or maybe every two) is a job lost. Say it took 100 people to create the machine (and for whatever asinine reason, we are assuming they were Americans in an American company). Well, that's thousands (maybe tens of thousands) of jobs lost throughout the country.

And even when it isn't a case of robot vs. human, there is STILL no reason to assume a company will focus on job creation over other things. Actually, policy generally leads them to eliminate as many unnecessary positions as possible, which is why under-performing branches of corporations are forced to downsize. They don't have this ridiculous idea that more workers = more profit. They want to pay as few people as possible to do the same amount of work. They WILL NOT create jobs they don't have to, unless it will lead to an ultimate profit boost for the top. And that is very often not the prediction.

Furthermore, one of the huge issues in our current economy is that money isn't moving. The people that have a little aren't spending it, our of fear. Many people just don't have any. And the rich don't invest in small businesses (and aren't consumers in a very large part of the market).

If all the money is at the top, the economy is doomed to crash. Because it just can't be stable like this. When 90% of your consumer base doesn't have the money to consume (and 9% does, within very limited boundaries), then your company can't create jobs because there's no customers.

It isn't a hard concept for someone who isn't desperately grasping at the illusion that the CEOs of the big corporations have nothing but our best interests at heart.

You know, that's why hundreds of thousands of little brown kids are working for a quarter a week doing work in such horrible conditions it would be illegal in the US. It's because the rich wanted to teach them a good work ethic.
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#111 Apr 09 2010 at 10:16 PM Rating: Good
If you're making a bottom of the barrel income, then you have less wiggle room for general survival. I guarantee, if someone making $20,000 has to pay an extras $2,000 in taxes, they're going to miss it a hell of a lot more than someone making $200,000 will miss that extra $20,000. And that's on the "fair tax" plan everyone seems to spout.

#112 Apr 09 2010 at 10:41 PM Rating: Good
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gbaji wrote:
You get that you can't equate the percentage of the total amount of taxes paid by a given percentile of income earners to the actual percentage of income being paid, right? I mean, that's like a rookie mathematics mistake...

Yeah, I am definitely more knowledgeable about math than you. I never asserted a value for the percentage of income each group paid in taxes, I asserted a proportion of those percentages. Silly of me to think you'd understand the difference.

Based on all of the given values here it is possible to know that proportion. Assuming the top 10% earn 90% of the income and pay 73% of the taxes the proportion of percentage of taxes that the bottom 90% pay over the top 10% is 3.328 (rounded to three decimal places).

Do I have to teach you high school algebra?

Edited, Apr 9th 2010 11:57pm by Allegory
#113 Apr 09 2010 at 11:06 PM Rating: Excellent
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Do I have to teach you high school algebra?


Only if you promise that doing so will prove his arguments correct. If it proves them wrong, it's a no go.
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#114 Apr 10 2010 at 9:32 AM Rating: Good
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gbaji wrote:
That would be counter to the purpose of investing, wouldn't it?


The problem is that most people are consumers. They have been taught their entire lives via example that money exists to buy things. Thus, they assume that if someone has access to money, they'll take it and spend it on themselves. But somewhat by definition, the majority stockholders in a company don't think like this. They invest their money. They understand that if instead of spending the money on themselves today, they invest that money in some venture, that they'll have more tomorrow.
Did you know that some companies pay out dividends to their shareholders? Did you know that some investors specifically target companies that pay out dividends? Guess that's not really counter productive, is it?

Now, unlike you, I'm not dumb enough to state/imply/assume that this is the only scenario. Which is why I pointed it out. Oh, and yes, this group is large enough to be an impact.
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#115ThiefX, Posted: Apr 10 2010 at 10:07 AM, Rating: Sub-Default, (Expand Post) Your an idiot.
#116 Apr 10 2010 at 11:16 AM Rating: Excellent
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Your arguments are the rhetorical equivalent of a stoner jabbering on about the profundities of life.
#117 Apr 10 2010 at 1:42 PM Rating: Excellent
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lol, right?

Yes. Many (not most) rich people "earned" their money. Doesn't change anything. There's a hell of a lot more people that work twice as hard but will never have anything to show for it, because they won't be getting a lucky break.

Or, you know, all those people who work really hard and enter into VERY important fields and get paid nothing for it. My brother, for instance, teaches in a NJ charter school (and he LITERALLY teaches every student K-8, as he's a language instructor). He get's paid 90% of what normal teachers get for way more work, due to the fact that charter schools receive lower funding. His job is extremely important in the grand scheme of human affairs--far more so than the corporate lawyer for Burger King. Yet he gets paid a pittance next to those less important jobs, and is losing benefits because New Jersey has a ridiculous deficit.

And, at the end of the day, the people making way more do so BECAUSE others make less. If all the workers in a corporation made $20 an hour, the heads wouldn't have nearly the incomes they do now. It's by exploiting the bottom that they get to the top. People who don't have an interest in completely ******** over their fellows tend to have much lower incomes (being a public defender vs. corporate lawyer, for instance). So, at the end of the day, I DON'T care that the top get a higher tax, because they *are* a major reason many at the bottom has no money.

Plus, what conservatives never seem to care about is that this is the only option we have. We CANNOT tax the bottom more. They can't pay the taxes and survive. The reason we tax more as incomes become higher is twofold:

1. We need the money.

2. They can afford to lose it.

We can't lower the taxes on the rich--we just don't have the money we need NOW, let alone if we reduced it. And the poor can't make up the difference with higher taxes, even if we ignore the fact that they can't pay them and survive, because as we pointed out, all the money is held by the top.

The bottom can't pay what they don't have.
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#118 Apr 10 2010 at 2:45 PM Rating: Good
Edited by bsphil
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ThiefX wrote:
Your an idiot.

[...]you think your clever.
This pretty much sums up your qualifications to speak about anything.

Wait, I'll rephrase that in a way you'd understand. You're* qualifications.

ThiefX wrote:
Did it ever occur to you that "rich" people spend money too? They spend money at grocery stores, clothing stores and restaurants? and they also spend money on high ticket items like cars (Hello car salesmen) and houses (Real estate agents) and that when they are hit with high taxes they like "poor" people stop spending.
Cost of living does not scale upward directly with your salary, either.

Edited, Apr 10th 2010 4:36pm by bsphil
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#119 Apr 10 2010 at 3:36 PM Rating: Good
ThiefX wrote:
Did it ever occur to you that store who uses self checkouts isn't cutting any jobs?
Do you understand the concept of "underemployment"?

No, they're not cutting jobs - they just shave a few extra hours off everyone's time. If someone (or several someones) quits as a result of this, are they hiring to fill that position? Probably not - it'd be cheaper to double the amount of self-checkout instead since they already have the technician (or, more likely, the contract with a technician) to handle anything that goes wrong with those.

Automation is all fine and dandy in general, but it does lead into a spiral of squeezing out low-end jobs - and these are people who can't readily afford any sort of retraining.

Shorter explanation of the cycle that occurs:

1. Store decides to install self-checkout lanes on a trial basis.
2. Store funds self-checkout lanes by cutting checkers' hours.
3. People go into store, see horrendous lines at checkers, use self-checkout.
4. Store notices lots of people using self-checkout.
5. Small proportion of the checkers quit due to insufficient income (presumably to try and move somewhere with a lower cost of living, if such a place exists and is readily reachable).
6. Store notices savings due to fewer people on payroll.
7. Due to volume of self-checkout business and savings on payroll, store installs more self-checkout lanes.
8. Store realizes they're not going to cover it just through that, so go back to #2 if any checkers are still employed.
9. Unemployment goes up; ThiefX blames Obama.
#120 Apr 10 2010 at 4:16 PM Rating: Excellent
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Can we use a different example. I rather like the automated cashiers as I don't have to speak to any retarded cashiers anymore.
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#121 Apr 10 2010 at 4:18 PM Rating: Good
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Uglysasquatch, Mercenary Major wrote:
Can we use a different example. I rather like the automated cashiers as I don't have to speak to any retarded cashiers anymore.
A dirty look while I swipe my card suffices.

Edited, Apr 10th 2010 5:18pm by Sweetums
#122 Apr 10 2010 at 5:55 PM Rating: Good
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Around here, Kroger is doing it both ways. They have self check-out, but they have at least 5-7 checkers on regular lines with 2-3 people working per line. One to unpack your cart, one to check your groceries and one to bag and possibly take it to your car for you. So unless I only have about 5 things, I like using the check-out lines at Kroger.

I posted this because the rest of the topic bores me.
#123 Apr 10 2010 at 6:11 PM Rating: Good
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I miss Kroger's down in Austin and Houston when I visited my friend. They seem to at least pretend about your business, even if you were just in there to buy a couple items. Here in Grand Island I am barely able to get that out of Hyvee on a good day. :l
#124 Apr 10 2010 at 6:18 PM Rating: Good
Uglysasquatch, Mercenary Major wrote:
Can we use a different example. I rather like the automated cashiers as I don't have to speak to any retarded cashiers anymore.
It's an example everyone is probably familiar with.

And this is what's wrong with Canada. In Soviet America (heh) the retarded people are all bagboys.
#125 Apr 10 2010 at 7:26 PM Rating: Good
Wal-Mart pulled out all their self-checkout lanes around here, because of inventory loss. All lanes are now fully-staffed again.
#126 Apr 10 2010 at 7:26 PM Rating: Good
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I rather like the automated cashiers as I don't have to speak to any retarded cashiers anymore.


I'm from NJ. We don't do small talk.
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