The rich have become too rich.
didnt you claim your grandparents have over $2m? i think you should convince your grandparents to write a big check to the irs.
This is true, but when you can put money into an appreciable asset and defer your taxation until that asset is sold, potentially indefinitely, then it slows down MV, which is where wealth and tax-base truly comes from. Even worse, it artifically changes balance sheets which allows people to borrow money and purchase more assets. The cycle perpetuates itself and it is consolidating far too much wealth in the hands of too few.
Of course my grandparents have over 2 million. I'd love for them to pay their fair share.
![[roll]](http://l.yimg.com/j/assets/img/emoticons/classic/roll.r191677.gif "roll [roll]")
You think I'm bragging about my grandparents having 2 Million? That's how I know you're a grunt for the wealthy. 2M in retirement is nothing. It's a scrap. People who are 80 years old who have managed to save 2 Million bucks are not even close nor have they ever been close to earning even 200k per year throughout their life. No one is saying the people with small 2 million dollar retirement accounts are the problem. Everyone should aim for that amount.
The epitome of a liberals' tax policy desire. Brag about your grandparents working and saving all their life to have $2M in retirement, then bash them for being evil rich people, and declare that you want to punitively tax that wealth to make them poorer, thereby making them more likely to need more government assistance that they want funded by...…..wealthy people subject to a wealth tax.
My God
I want everyone to pay their fair share. Is this hard to understand?Ok, so $2M in retirement really isn't that much, but you want them to pay more in taxes to "pay their fair share"?
Are you being this incoherent on purpose?
https://www.nytimes.com/2019/04/05/business/jobs-report-unemployment-march.html
https://www.cnbc.com/2019/04/05/nonfarm-payrolls-march-2019.html
https://www.bloomberg.com/news/articles/2019-04-05/u-s-payrolls-top-estimates-with-196-000-rise-wage-gains-ease
ECONOMY ADDS 196,000 JOBS IN MARCH, BEATING EXPECTATIONS
by Kevin Ryan
The economy grew by 196,000 jobs in March, beating economists’ expectations and providing reassuring evidence that the economy remains strong. Economists had forecast a gain of 170,000 jobs.
Unemployment remained at 3.8%, near its 50 year low.
Wages were 3.2% higher than a year earlier. That’s slightly smaller than February’s growth, which was the largest wage increase in a decade.
The strong March numbers are a welcome sign that job creation remains robust and relieves some of the doubts hanging over the economy since last month’s unexpectedly weak report. Most economists shrugged off February’s anemic job creation of just 33,000 new jobs, saying the numbers were affected by cold weather and the partial government shutdown.
While analysts still expect the economy to slow from last year’s strong pace amidst a continuing international downturn, domestic economic conditions now look more favorable than they did at the start of the year. First-quarter GDP is now projected to rise 2.1%, according to the Atlanta Fed, which had been tracking gains of just 0.2% only a few weeks ago.
terrible news.
Economy has improved some and some more people working. That is all good, but it doesnt paint the whole picture, especially when you have large numbers of people simply not looking for work anymore.
This result even though you have more states passing $15+ minimum wage laws slowing growth in small businesses and losing small businesses in some cases.https://www.nytimes.com/2019/04/05/business/jobs-report-unemployment-march.html
https://www.cnbc.com/2019/04/05/nonfarm-payrolls-march-2019.html
https://www.bloomberg.com/news/articles/2019-04-05/u-s-payrolls-top-estimates-with-196-000-rise-wage-gains-ease
ECONOMY ADDS 196,000 JOBS IN MARCH, BEATING EXPECTATIONS
by Kevin Ryan
The economy grew by 196,000 jobs in March, beating economists’ expectations and providing reassuring evidence that the economy remains strong. Economists had forecast a gain of 170,000 jobs.
Unemployment remained at 3.8%, near its 50 year low.
Wages were 3.2% higher than a year earlier. That’s slightly smaller than February’s growth, which was the largest wage increase in a decade.
The strong March numbers are a welcome sign that job creation remains robust and relieves some of the doubts hanging over the economy since last month’s unexpectedly weak report. Most economists shrugged off February’s anemic job creation of just 33,000 new jobs, saying the numbers were affected by cold weather and the partial government shutdown.
While analysts still expect the economy to slow from last year’s strong pace amidst a continuing international downturn, domestic economic conditions now look more favorable than they did at the start of the year. First-quarter GDP is now projected to rise 2.1%, according to the Atlanta Fed, which had been tracking gains of just 0.2% only a few weeks ago.
terrible news.
I think statement stands. It's very important to paint the whole picture. I'm sure all the red hats like you and @UCFWayne can agree with that.
yea the whole picture looks really good for trumps economy. for people that suffer from tds thats terrible news.
Yeah I do agree that it's strange how people with a political motive create qualifiers of when unemployment rate is valid and when it's not valid based only on what political party is in charge when they are trying to make their point.
Uh yeah, we have a system based on allowing people to get wealthy and the assumption that by allowing that to happen they will reinvest and provide jobs and try to get richer and pull people up with them. It used to benefit society, that's changing.
I actually like them as a tool for measuring unemployment and I've never been stupid enough to try to diminish the data by adding pointless qualifiers like the labor participation rate.
your family is made up of terrible people that amassed a great deal of money at the expense of a lot of hard working people. you proclaim that you are one of the regular people while actually being part of the problem. i dont know how you sleep at night.
Lol someone with 2 million bucks after a lifetime of work being who you think of as wealthy.
We support a system that allows people to get insanely wealthy. If people being insanely wealthy is no longer good for society then we need to change the way we do business. No one should be worth 100 billion dollars while putting a net Americans out of work and not paying taxes. We have that in America which means the system is not working as intended any longer.
Since you're on the board can you take a look over in this thread and explain your stance on brown people not being able to be trusted with social safety nets but white people can be. Thanks.
No one should make bad choices in their lives to neglect their education or break the laws or get hooked on drugs either. Taking money from people making good decisions with their lives is not going to fix the problems of people making bad decisions. Even if you were right about the free market being bad, how are you going to fix the cultural issues in the poorer communities other than just redistributing wealth?
