The Truth About John McCain's Money

TDMize15

slightofjeff wrote:

Taking money from people who have a surplus to give it to people who don't have a surplus sounds an awful lot like communism to me.

Then you should get a dictionary

Taking money away from people sounds like taxes to me.

Giving to people who don't have a lot of money sounds like welfare to me.

He is not saying take all their money and let everyone have equal money. He is saying that the less fortunate should be helped out by the more fortunate.

slightofjeff

Don't Know Myself wrote:

Then you should get a dictionary

Taking money away from people sounds like taxes to me.

Giving to people who don't have a lot of money sounds like welfare to me.

He is not saying take all their money and let everyone have equal money. He is saying that the less fortunate should be helped out by the more fortunate.

And I'm saying that already happens ... anything more is flirting with socialism.

How much is enough?

TDMize15

slightofjeff wrote:

And I'm saying that already happens ... anything more is flirting with socialism.

How much is enough?

Well at least I've backed you off from communism to socialism

Ask most European countries and Canada. It's all personal opinion on how to redistribute wealth... however I personally believe that something has to be done about it in the U.S.


Quote on the U.S.'s distribution of wealth: "In the United States at the end of 2001, 10% of the population owned 71% of the wealth, and the top 1% controlled 38%. On the other hand, the bottom 40% owned less than 1% of the nation's wealth."

How is this right? Do you think that that bottom 40% are all undeserving people?

I think this is definitive proof that the current system does not work.

slightofjeff

Don't Know Myself wrote:

Well at least I've backed you off from communism to socialism

Ask most European countries and Canada. It's all personal opinion on how to redistribute wealth... however I personally believe that something has to be done about it in the U.S.


Quote on the U.S.'s distribution of wealth: "In the United States at the end of 2001, 10% of the population owned 71% of the wealth, and the top 1% controlled 38%. On the other hand, the bottom 40% owned less than 1% of the nation's wealth."

How is this right? Do you think that that bottom 40% are all undeserving people?

I think this is definitive proof that the current system does not work.

As we are supposed to learn in about the third grade, sometimes life is not fair. Maybe someone has more money than you because they work harder, or are smarter, or more talented. Or maybe they just fucking got lucky and won the lottery in life.

So be it.

I think everyone deserves the basics -- food, water, shelter and (you could argue) basic health care. The government does a decent job of providing in at least those first three areas. There are social programs funded by taxpayer money. I am not against those programs in principal at all.

Above and beyond that, I don't give a shit. Let one man have a plasma TV in every room of his house, while another man can't even afford basic cable.

I'm not going to vilify the rich for being rich. And I'm loathe to ask them to pay more in taxes, when they are already giving close to 40 percent of their hard-earned money to the government as it is.

Asking a man to give nearly half his income to the government ... THAT isn't right.

TDMize15

slightofjeff wrote:

As we are supposed to learn in about the third grade, sometimes life is not fair. Maybe someone has more money than you because they work harder, or are smarter, or more talented. Or maybe they just fucking got lucky and won the lottery in life.

So be it.

I think everyone deserves the basics -- food, water, shelter and (you could argue) basic health care. The government does a decent job of providing in at least those first three areas. There are social programs funded by taxpayer money. I am not against those programs in principal at all.

Above and beyond that, I don't give a shit. Let one man have a plasma TV in every room of his house, while another man can't even afford basic cable.

I'm not going to vilify the rich for being rich. And I'm loathe to ask them to pay more in taxes, when they are already giving close to 40 percent of their hard-earned money to the government as it is.

Asking a man to give nearly half his income to the government ... THAT isn't right.

And that is simply a difference of opinion that I can respect.

slightofjeff

Don't Know Myself wrote:

And that is simply a difference of opinion that I can respect.

Agreed. Even though you are dead wrong

RolandTD20Kdrummer

If McCain is up for 14 hours in a row in a casino...he's either hitting the ice pipe, or tooting on some big fluffy lines...

raszputini

In every economic system there are winners and losers. I agree that the rich/poor gap is far too wide in the U.S.. But redistributing the wealth is not the answer, for many reasons.

There are plenty of problems with our system, but probably the two biggest are 1) The Federal Reserve System and 2) money is king in the political process.

Until the US starts printing it's OWN money and removes private bankers from currency creation and management, and until we find a way to separate money from the political process, we will always have this problem.

The Federal Reserve system enables a small few (that top 1% you were talking about) to make money simply by having money while at the same time, controlling all the factors that affect the market, so that they can maximize how much money their money makes. The problem isn't capitalism, it's speculative capitalism.\

Then those same individuals have a disproportionate impact on the political process by controlling media outlets, agenda-setting, campaign contributions, etc. Politicians are accountable to those who get them elected, and they don't view the voters as the people who get them elected anymore. It's the contributor that enabled them to run that ad that reached 200,000 voters, or the one that bankrolled a trip overseas, or better yet, the one that sponsored a $5000 a seat lunch that made them half a million dollars. Those are the people they are accountable to, and those are the people in the top 10%.

Any system of redistribution in our current political statement ends up screwing over the middle and working class, and that is where the money comes from. The Top 10% has a stable of tax and estate attorneys that can find loopholes in the tax law, create trusts to hide money, and has a ton of money to lobby so that the loopholes are in the legislation.