I think some of you are missing the point. Nobody is "penalizing" the rich. It's allocation of taxes. An adjustment to the scale to lower taxes for the middle class, and poor, and raise them equally, so the same amount is generated before adjustment. $10 needs to be made. I pay $5 and joe millionaire pays $5. with the new adjustment, I pay $4 and Joe Millionaire pays $6.
or more like Joe pays 9.
And I say why not? They "earned" it? Joe Millionaire's entire wealth was made in the system called "America", and on the consumption, exploitation and/or backs of the poor and middle class. Why not give a little extra back? Why be greedy? That's consolidation of wealth.
Not everyone that is rich exploited the working class, in fact, majority of them don't. Majority of the rich are there because they invented something new(product, service, or method) or were just damn good at their field. My example of Bill Gates. The richest man in the world did NOT exploit the poor or middle class. In fact, he gave many of them jobs and freely gives his money to help them.
Not to say there aren't those who exploit people to get their wealth. Because there are. But you act like all rich are villians, and the vast majority of them aren't.
I completely disagree that trickle down economics are even feasible, let alone works. There is so much proof out there that it doesn't work, and no proof that it does work. Trickle down economics, or "reagonomics" is giving big tax breaks to businesses and the wealthy as well as capital gains and "hope" that wealth trickles down to everyone else. Sounds good in theory, but people are greedy. That's why it failed.
Except it does work, and that's why our country got to the state its in. Our country's standard of living had gone no where but up until we started issuing socialist programs. In fact, this whole economic crisis is caused because rules and regulations for banks were removed by democrats in order to "help" the poor buy houses they couldn't afford. Historically, there has been a boom and bust period every 15 years in our country, and after the great depression, we got smart and put all these rules and regulations in place, but some people saw this as limiting the poor, and removed them, and then bam we get this whole fiasco.
If socialist economics work, our standard of living would have gone up instead of becoming LESS THAN HALF of what it was in the 1940s. If welfare worked, then people would be getting out of the ghetto instead of it increasing in size. Trickle down economics work, they just take YEARS to take effect, socialist economics LOOK like they work, but all they end up doing is raising the rate of inflation. For example, my state just drastically raised the minimum wage from $4.75 to $7.75. INSTANTLY, I saw increases in price at most restaurants in the area. Doing things like this temporarily helps the poor, but all it does in reality is bump the costs of things up. A steady wage increase IS a good thing, but raising it so high also raises costs to owners, who then have to raise their prices to compensate, which costs the consumer more, thus giving the dollar less purchasing power and thus puts the poor back exactly where they were.
If you don't make 200k+ a year, I see no reason to even care, let alone fight for people who could care less about you.
I'd feel the same way if I never thought I would make that much. Because it's wrong. This whole idea of it doesn't concern me so why should I care is the exact problem this country has.
You will not make 200k a year. Hard work does not mean you will.
I made some great friends in college. And 2 of my old roommates went off to Toledo U for a pharm degree. Spent a tad over 6 years in college. Worked their asses off. Smartest people I know. Right now, one is in Arizona and the other is in Columbus Ohio. Both working as Pharmacists. Making 90k a year. With a masters degree.
I have an extremely high confidence that I will make much more than 200k a year. The average pay in my field is well over 100k, and I also have minors in fields which should put me above the average employee, as well as the fact that I'm REALLY good at what I do. I have recommendations out the ass and a portfolio that already puts most experienced employees to shame.
Hard work is a requirement for making money. It does not equal money. A college degree does not equal money.
No, but that and being smart definitely does. Your friends making 90k at their job could easily make more than 200k by properly saving and investing their money. People who just sit at their desks and do their jobs will never make it that high, but you look at what most rich people did do to get where they are, it's by investing and innovating. A good salary job is just a stepping stone.
