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Posted on 05/01/2025 12:26:02 PM PDT by Kaiser8408a
Republicans are trying to lock in Trump’s tax cuts and Democrats are resisting. We now know that DOGE is trying to end the wasteful spending in DC. But I would really like to see tax rates on the middle class fall.
The wealth gap between the top 1% of taxpayers and the bottom 50% of taxpayers is enormous. And has gotten worse since 1990.
Meanwhile. to fight off the temporary effects of the tariff war, Trump is urging Fed Chair Powell to cut rates.
Powell will likely NOT cut rates. But what does “Lunatic Liz” Warren say about rate cuts??
(Excerpt) Read more at confoundedinterest.net ...
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Jesus said the poor will always be with us.
True, but our government is intentionally making us poor. There will always be be those who are poor for God’s people to care for them, but government is making us poor as well.
“Privitize” Social Security. That would move every American family into the investor class. A generation later, the results would be significant.
Stop flooding the country with millions of destitute people without the skills to contribute. A rising tide can’t lift all boats if we kick holes in the hull and keep flooding the boat. Why should we be hell bent to double the population every 50 years?
the ‘wealth gap’ is an issue only because of the envy stoked by marxists ...
Yes, God asks for 10%. Imagine if a government did that! And in the Bible, all debts were erased after 7 years. Heck, I’m still paying off my Sears credit card from high school
The wealth gap is a divisive argument fostered by demagogues seeking to increase their power and wealth by exploiting class envy.
If we were both worth $100K last year, we have wealth parity. If after 5 yrs you are now worth $1 million and I am now worth $200K, the wealth gap has opened from parity to 500% difference. Am I worse off because you have more?
It also ignores the circumstances that created the gap, like hours intelligently worked, fiscal discipline and the benefit of getting education in a field with a large potential upside.
Equity is the professed goal of Communism. The goal of Free Enterprise is to create a wealth gaps through voluntary transactions.
Thank you.
I don’t read many posts like yours here at free Republic.
The more government attempts to “solve” the wealth gap, the bigger the gap gets.
Look at how communism worked in the Soviet Union or China. The top 1% of 1% own everything.
The answer is less government, less regulations.
The wealth gap argument is used to create division.
It’s purpose is emotional exploitation for power.
Correct. Gutting the Middle Class is both morally wrong and politically destabilizing. Most of us have worked hard nearly all of our lives (I’ve had a job of one kind or other since I was nine) to stay afloat and maybe grab a bit of joy once in a while. “Inflation”, skyrocketing insurance, and tax increases over the past five years have increased my monthly costs by roughly $1,800. That used to be my ‘walking around’ money; my reward at 63 that allowed me to travel and enjoy meals out with friends. No longer. The turning of the screws continues. The wealthiest don’t feel it. The poorest continue to live dismal lives. We workers continue to fund both, and it’s getting really, really old.
So unless we keep the tariffs that idea would be the end of manufacturing in the USA.
When the 1% can outsource the jobs of the 50% and make them desperately compete with illegals for whatever little jobs are left, it becomes a race to the bottom for low wages and makes the 1% even richer.
Go TARIFFS!!! Stay strong Don!
Consider the “wealth pump” that the Treasury has become;The cantillion effect. Those closest to the source gain the greatest benefit. (Banks, Wall Street, NGOs)
All that wealth is transferred through the magic of Debt-currency as Cantillion wealth flows to Financiers, Government, and their Cronies.
The wealthy benefits, the poor benefits and the middle class pays for it.
The bottom 50% pay almost zero taxes. 5he top 1% pay over 50% of taxes.
The premise assumes equal contributions. It is a false premise. To generate wealth, get people working for you. Earn a bit on each hour they earn much more for contributing. If the workers feel they are justly comp3nsated, they will be productive, enriching their own pockets while they enrich the boss.
False argument from a false premise.
You think that everyone with an IRA, 401k, or any other thrift savings plan is a “globalist free traitor?????”
Where do you park your retirement savings? Gold bullion buried in the backyard? Bitcoin? Or do you limit your investments to guns and ammo?
Wages have remained stagnant for 50 years now despite the growth in GDP.
Government has grown; NGOs have grown; and of course the number or regular middle-wage jobs have either been sent offshore, or replacements (H1-Bs and illegals) imported to take them.
The MBA / political consultant class, the lawyer class, and other parasites have all spread like fungus, where they didn’t used to be a problem.
Plus the rise of Double-Income No Kids...
The top 1% has had an increasing share of total wealth for a long time now; COVID only accentuated that.
the poor will always be with us, and if any try to break free of poverty and achieve anything... the d***ed income tax system will kick them right back down again
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