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2013-08-05 Government
Champ: Fixing Income Disparity Must Be Washington's Highest Priority
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Posted by Besoeker 2013-08-05 00:00|| || Front Page|| [11126 views ]  Top

#1 Ok, Social Justice. But what does The Affordable Care Act have to do with that?

Making sure everyone is equally miserable?
Posted by gorb 2013-08-05 00:15||   2013-08-05 00:15|| Front Page Top

#2 Maybe they should fix the 'no-Income' situation first!
Posted by Skidmark 2013-08-05 00:26||   2013-08-05 00:26|| Front Page Top

#3 
Posted by junkiron 2013-08-05 01:23||   2013-08-05 01:23|| Front Page Top

#4 "Fixing" income disparity is impossible, because there will always be some who are smater than others, some who work harder than others, and some who simply have better sense than others. The only way you can eliminate disparity is to force everyone down to the salary level of a pakistani bricklaye. ANd I for one do not want my surgeon or pilot or or my RN or ... paid like that. Why? Because they will simply disappear.

Is Obama really that stupid - and are his followers really that blind that they think they can "solve" this by any manner other than totalitarian flattening of everything in society - aka Communism?
Posted by OldSpook 2013-08-05 01:29||   2013-08-05 01:29|| Front Page Top

#5 Gonna cut your own salary, Mr President?
Posted by g(r)omgoru 2013-08-05 02:41||   2013-08-05 02:41|| Front Page Top

#6 but...but...I thought HE was the Messiah.

I mean what are thrills up your leg for?

Remember when you could actually say and be saying the truth," Its a Free Country"?

Can you believe that half the United States population was so STU-pid they elected this clown? Share the wealth. Occupy Wall Street, Dude.

Got a job yet?
Posted by Threater Flusoper9823 2013-08-05 04:17||   2013-08-05 04:17|| Front Page Top

#7 I mean what are thrills up your leg for?

Gout ?
Posted by Besoeker 2013-08-05 04:19||   2013-08-05 04:19|| Front Page Top

#8 Must be nice, to tell your Boss "Gimme More" And not worry about being fired.
Posted by Redneck Jim 2013-08-05 08:04||   2013-08-05 08:04|| Front Page Top

#9 What part of 'Thou Shall Not Covet' don't you understand?

..the same part that eludes you about Thou Shall Not Bear False Witness along with Thou Shall Not Steal?

Of course Coveting, Lying, and Stealing are basic fundamental practices of Socialism.
Posted by Procopius2k 2013-08-05 08:43||   2013-08-05 08:43|| Front Page Top

#10 interesting that approximately half of income tax payers pay zero (and a larger and larger population actually gets more back than withheld during the year) yet there is still a growing disparity?

Sounds like the rich are working harder, investing more and saving more than the non-tax payer population.

Posted by airandee 2013-08-05 11:29||   2013-08-05 11:29|| Front Page Top

#11 Who in the hell is John Galt?
Posted by Alaska Paul 2013-08-05 14:08||   2013-08-05 14:08|| Front Page Top

#12 Ever notice how none of the calls for redistribution never involve redistribution of 'responsibility'? Never ask those receiving the purloined resources of others to give up behaviors and practices that are self destructive and limiting in their ability to actually contribute in bettering their position in life.
Posted by Procopius2k 2013-08-05 16:16||   2013-08-05 16:16|| Front Page Top

#13 Why Proc... that would be RACIST!
Posted by CrazyFool 2013-08-05 16:43||   2013-08-05 16:43|| Front Page Top

#14 AP I dont give a crap who John Galt is, I just want to know where Galt's Gulch is, so I can get moving. Unlike the novel, it doesn't seem to be in Colorado - maybe Texas?
Posted by OldSpook 2013-08-05 19:57||   2013-08-05 19:57|| Front Page Top

#15 The standard of living is the level of wealth, comfort, material goods and necessities available to a person or population.
In 1970 the U.S. had the highest standard of living in the world. Today there are sixteen countrys in the world that have a higher standard of living than the U.S.

Balance of trade is the amount of money spent on imports compared to the amount of money recieved on exports. A country that spends more than it receives has a negative balance of trade. Between 1945 and 1969 the U.S. had a positive balance of trade. Since 1970 until today the U.S. has had an increasingly negitave balance of trade.

Balance of trade is like a nations bank account. Any country that spends more than it receives reduces it's national wealth. Reducing the total national wealth reduces the amount of money available to everyone and the country's standard of living falls.

Since 1970 the U.S. has proped up our standard of living by borrowing money to offset our negative balance of trade. Today the interest on that borrowed money is larger than our negative balance of trade. Which in turn means we can no longer prop up our standard of living on borrowed money.

The increasing gap between the wealthy and the poor is due in large part to the wealthy's ability to earn money in overseas markets (that are not available to the poor). This money never comes back into U.S. because of the U.S. tax policy and regulations, and is therefore unavailable to be shared by the working class.
There is an estimated 28 trillion dollars of U.S. money invested in the global economy outside the U.S. This amount has grown by an estimated 7 to 10 trillion dollars since Obama took office.

Wealthy people DO NOT keep their money in offshore bank accounts. They INVEST IT in economically emerging nations. Stifling any person's or business's ability to earn a profit will never put money into the pockets of the poor. Only by repairing our catastrophic trade inbalance and by incorporating tax and regulation policies that encourage investment in OUR OWN businesses and infrastructure will we elevate the standard of living for the middle and lower classes.

It is well known that the lower the population perceives their standard of living to be,
the easier it is to force an autocratic system of government on those people.

This should explain a lot about the true motives behind Obama's excessive and ignorant castigations of the wealthy. His orations are aimed primarily to incite the masses in our country, who appear mostly uneducated on, or unwilling to acknowledge Obama's fallacies and distortions of even the most basic and proven economic principles.
Posted by junkiron 2013-08-05 20:28||   2013-08-05 20:28|| Front Page Top

#16 John Galt lives in New York. He runs a chain of quick stops that serves a 44 oz drink, the Galt's Gulp.
Posted by Thing From Snowy Mountain 2013-08-05 21:33||   2013-08-05 21:33|| Front Page Top

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