36 replies to this topic

[arbman]

You have to tax the top 10% rich by 90%...

[SemiBizz]

My point here was pretty simple, I am surprised at the response. As for "community organizers" I have seen this directly in San Francisco. Here's what I am asking. Why are we attacking employees in Silicon Valley in the name of "Income Inequality"? What does this accomplish? What is the aim of this exercise? To penalize entrepreneurship? The bankers I can understand, they are directly responsible for income inequality. They made "easy money" policies in the mid-2000 and directly contributed to our 2008 demise. I just want to know why the "community organizers" let up on them? Why aren't these bankers in jail? I can only guess somebody is getting paid.

[arbman]

Why aren't these bankers in jail?

Because they got Obama.

[slupert]

"It's just another tactic by your friendly "Community Organizers" that brought you the "Occupy" Movement."

So not true. Income differences have widened, and it's very easy to prove. I wonder which claim that Reich makes, that you would debate with facts that show otherwise?

Recently, while accepting the Nobel prize for Economics, Yale Economist Robert Shiller emphasized the importance of income inequality and said that a contingency plan
should be made to tax the rich We're already cycling towards another crash, ya just don't know it yet.

[slupert]

"It's just another tactic by your friendly "Community Organizers" that brought you the "Occupy" Movement."

So not true. Income differences have widened, and it's very easy to prove. I wonder which claim that Reich makes, that you would debate with facts that show otherwise?

Even if we taxed the billionaires 50 percent, it would only go so far...

The real money is in the middle class as seen by most health care premiums going up (tax)...

My tax was 2500 extra...

This is partly why the middle class is shrinking IMHO...

My barber came from Hungary about 50 years ago..

He tells me socialism means everyone is equally poor and then you have the wealthy...

I am not sure if the guy has a high school education, but has seen it first hand, he says we are going this way...

He is old and wise and I wouldn't bet against him...

The destruction of the Middle Class is central to Reich's thesis

[andiron]

income equality is a symptom of the deep canker...it has spread wildly & globally... it will be addressed by global asset bust...free market attempted to do that in 08..however tinkering has bought some time...but nature will ultimately prevail... last time inequality was this skewed was in 1930s.... global bust should be over in 4-5 yrs...than we can live more normal global finance as Global Finance shrinks inexorably

Edited by andiron, 02 January 2014 - 08:39 AM.

[MikeyG]

You have to tax the top 10% rich by 90%...

Way too broad of a stroke...

But I do agree someone making 250 Million per year...

Is a lot different than someone making 2.5 Million Per Year...

Or 250K per year...

And instead of the government taxing them 90%, which gets the government wealthy and their cronies, there should be a different way...

[...]

Reich is a LAWYER and has devoted himself to promoting the usual propaganda of the day, in this case "inequality." He is NOT an economist in any way, shape or form and, to his credit has never claimed to be one. However, everything he has ever claimed regarding economics has been refuted at great length if one could be bothered to read. For instance, that no "stimulus" could ever be too big, back in 2009. Well, we know how that turned out. Not refuted is that he admitted that he was a fool for believing Clinton with regard to Monica when Clinton (who he had known for 30 years) lied about it directly to his face. Along with the rest of the Cabinet. Sorry, but being appointed Secretary of Labor by an old crony from your college days doesn't qualify you to comment on anything. Especially if you're not smart enough to figure out when your old buddy, famous for chasing tail is outright lying to you. I can't believe that this board, which allegedly doesn't allow politics has allowed this blatantly political post by an obvious liberal promoting propaganda from another obvious liberal to survive this long. Whether or not this thread thread survives any longer, Reich knows absolutely nothing about economics and should be totally ignored, along with this thread.

[James Quillian]

Reich actually is a decent economist. His observations are likely to be on the money. He is almost always wrong in suggesting solutions. Inequality is a fact and not automatically a problem. Inequality becomes a problem when it is accomplished by rigging markets. No one need be faulted for accepting charity in the form of capital gains but is a disservice to everyone to pretend that stock market profits under these circumstances are anything but welfare.

Reich is a LAWYER and has devoted himself to promoting the usual propaganda of the day, in this case "inequality."

He is NOT an economist in any way, shape or form and, to his credit has never claimed to be one.

However, everything he has ever claimed regarding economics has been refuted at great length if one could be bothered to read. For instance, that no "stimulus" could ever be too big, back in 2009.

Well, we know how that turned out.

Not refuted is that he admitted that he was a fool for believing Clinton with regard to Monica when Clinton (who he had known for 30 years) lied about it directly to his face. Along with the rest of the Cabinet.

Sorry, but being appointed Secretary of Labor by an old crony from your college days doesn't qualify you to comment on anything. Especially if you're not smart enough to figure out when your old buddy, famous for chasing tail is outright lying to you.

I can't believe that this board, which allegedly doesn't allow politics has allowed this blatantly political post by an obvious liberal promoting propaganda from another obvious liberal to survive this long.

Whether or not this thread thread survives any longer, Reich knows absolutely nothing about economics and should be totally ignored, along with this thread.

[thespookyone]

"You totally miss the point, is it fair to blame employees in Silicon Valley for income inequality? " Sorry Semi, I missed your point, and of course not-I wouldn't blame them.