by xArc of Godx Sun May 15, 2011 6:33 pm
Drunkenwolf7 wrote: "Make more money with your money." Yeah, that simple.
That's it. It's hard for the bottom 40% to get ahead because money breeds money and they struggle to get by as it is let alone risking what they do have. A study done in 2010 showed that only .3 percent of the wealth in America was owned by the bottom 40%. That should tell you something. The distribution of wealth in America is a joke.
That's not to say a portion of that 40% doesn't deserve it as some people have just given up on life. But some people bust their ass day in and day out. Some jobs that are well respected and extremely needed to improve on our society put people just slightly above that 40%. Also, in another study it was said that out of the small percent of Americans that make ten million a year, only 19% was income from work wages. Which goes back into money breeding money.
While the economy is run by the majority of the remaining percent group there is a small percent that hurts the economy as well, the top. The richest of the rich. The people that actually pay less in taxes, percentage wise, than people 10% below them. These are the people that, I believe, are talked about when people say tax the rich. If you make your way through this world with ambitions and dreams and hard work turns them into a reality than certainly you should pay your fair share but as well not get a dick in your butt from your government. It's the people that OWN EVERYTHING. They are the ones that do not pay their fair share. The distribution of wealth in this country is laughable. Honestly, the American dream is dead. Sorry. Work hard and maybe you'll get to the upper middle.
Also, a good portion of the 40-80% group own a decent bit of stocks and have a decent bit of investments. In America the average for the 40%-60% group makes 34k a year I believe, it might have changed. I haven't seen it in awhile.
Whatever... it's complicated. A lot of things need to be fixed in this country, more stringent laws on companies practices is probably a better place to start than taxing the rich. Though I do believe the highest fractions of a percent could be paying more without hurting the economy at all.
Money is power, power controls people, people control the government, the government controls the laws, laws can dictate advantageous positions for interested parties.