Obama tax policy penalize family

[an]

[quote=gandalf]
As for the upper four quintiles, wealth distribution has shifted dramatically away from the middle quintiles and towards the upper quintile over the past 30 years. Labor hours per household have increased and household incomes remain stagnant. Explain the relative increase in wealth in the upper quintile? Income, no?
[/quote]
Could the savings rate and today’s generation of I want it and I want it now mentality exacerbated this distribution? Rich people will always be able to buy all the luxury stuff they want and they can afford it easily. However, today, you have a lot of middle class people trying to look rich or just want those luxury things now. Which in essence, reduced the cash they have to invest to make more money. I see more and more luxury things being bought by the middle class. If they would save more, in due time, they would become wealthy, but we all know the American way is to have our things and to have it now. So, yes, income has only risen in lock step with reported inflation, but spending habit does a bigger number on wealth creation. We all know it’s not how much you make, but how much you spend that really matter.

Another example of our spending habit is in the housing market. People of past generation would wait and save for a down payment before buying their first house. But now, you have people going out, buying the biggest house the bank is willing to let them with 0% down, etc. Then they complain they don’t make enough. How about spending less, so that you actually have $ left over to save.

[TheBreeze]

The richest 1 percent of Americans has more wealth than 90% of the population.

http://www.baltimoresun.com/entertainment/custom/today/bal-to.rich26jun26,0,3551938.story

With disparities like that, revolution can’t be far around the corner. I’m looking forward to Obama becoming president so that rich crooks like Angelo Mozilo and other crooked CEOs finally get their just desserts. There are so many CEOs of public companies that get paid huge money for doing absolutely nothing that it is disgraceful.

[TheBreeze]

The richest 1 percent of Americans has more wealth than 90% of the population.

http://www.baltimoresun.com/entertainment/custom/today/bal-to.rich26jun26,0,3551938.story

With disparities like that, revolution can’t be far around the corner. I’m looking forward to Obama becoming president so that rich crooks like Angelo Mozilo and other crooked CEOs finally get their just desserts. There are so many CEOs of public companies that get paid huge money for doing absolutely nothing that it is disgraceful.

[TheBreeze]

The richest 1 percent of Americans has more wealth than 90% of the population.

http://www.baltimoresun.com/entertainment/custom/today/bal-to.rich26jun26,0,3551938.story

With disparities like that, revolution can’t be far around the corner. I’m looking forward to Obama becoming president so that rich crooks like Angelo Mozilo and other crooked CEOs finally get their just desserts. There are so many CEOs of public companies that get paid huge money for doing absolutely nothing that it is disgraceful.

[TheBreeze]

The richest 1 percent of Americans has more wealth than 90% of the population.

http://www.baltimoresun.com/entertainment/custom/today/bal-to.rich26jun26,0,3551938.story

With disparities like that, revolution can’t be far around the corner. I’m looking forward to Obama becoming president so that rich crooks like Angelo Mozilo and other crooked CEOs finally get their just desserts. There are so many CEOs of public companies that get paid huge money for doing absolutely nothing that it is disgraceful.

[TheBreeze]

The richest 1 percent of Americans has more wealth than 90% of the population.

http://www.baltimoresun.com/entertainment/custom/today/bal-to.rich26jun26,0,3551938.story

With disparities like that, revolution can’t be far around the corner. I’m looking forward to Obama becoming president so that rich crooks like Angelo Mozilo and other crooked CEOs finally get their just desserts. There are so many CEOs of public companies that get paid huge money for doing absolutely nothing that it is disgraceful.

[an]

[quote=TheBreeze]The richest 1 percent of Americans has more wealth than 90% of the population.

http://www.baltimoresun.com/entertainment/custom/today/bal-to.rich26jun26,0,3551938.story

With disparities like that, revolution can’t be far around the corner. I’m looking forward to Obama becoming president so that rich crooks like Angelo Mozilo and other crooked CEOs finally get their just desserts. There are so many CEOs of public companies that get paid huge money for doing absolutely nothing that it is disgraceful. [/quote]
What make you think guys like Mozilo won’t find ways around the tax code? All they have to do is get paid $1/yr like Steve Jobs did and get paid the rest in option. They already have more than enough cash to sustain their life stile. They’re working to build wealth. Regardless what you do, short of setting a fixed ratio between CEO’s total compensation to the company’s average employee’s salary, there will be loop holes to be exploited by these people.

I’m also looking forward to see what will happen to small business when Obama come into office and raise the minimum wage by ~50%. Can small business handle a 50% increase in salary cost.

If a revolution happen like you say it would if nothing change, then this revolution will bring America to the Communism side. With Communism, everyone is equal and there will be no more rich people, period. Yay for equality.

[an]

[quote=TheBreeze]The richest 1 percent of Americans has more wealth than 90% of the population.

http://www.baltimoresun.com/entertainment/custom/today/bal-to.rich26jun26,0,3551938.story

With disparities like that, revolution can’t be far around the corner. I’m looking forward to Obama becoming president so that rich crooks like Angelo Mozilo and other crooked CEOs finally get their just desserts. There are so many CEOs of public companies that get paid huge money for doing absolutely nothing that it is disgraceful. [/quote]
What make you think guys like Mozilo won’t find ways around the tax code? All they have to do is get paid $1/yr like Steve Jobs did and get paid the rest in option. They already have more than enough cash to sustain their life stile. They’re working to build wealth. Regardless what you do, short of setting a fixed ratio between CEO’s total compensation to the company’s average employee’s salary, there will be loop holes to be exploited by these people.

I’m also looking forward to see what will happen to small business when Obama come into office and raise the minimum wage by ~50%. Can small business handle a 50% increase in salary cost.

If a revolution happen like you say it would if nothing change, then this revolution will bring America to the Communism side. With Communism, everyone is equal and there will be no more rich people, period. Yay for equality.

[an]

[quote=TheBreeze]The richest 1 percent of Americans has more wealth than 90% of the population.

http://www.baltimoresun.com/entertainment/custom/today/bal-to.rich26jun26,0,3551938.story

With disparities like that, revolution can’t be far around the corner. I’m looking forward to Obama becoming president so that rich crooks like Angelo Mozilo and other crooked CEOs finally get their just desserts. There are so many CEOs of public companies that get paid huge money for doing absolutely nothing that it is disgraceful. [/quote]
What make you think guys like Mozilo won’t find ways around the tax code? All they have to do is get paid $1/yr like Steve Jobs did and get paid the rest in option. They already have more than enough cash to sustain their life stile. They’re working to build wealth. Regardless what you do, short of setting a fixed ratio between CEO’s total compensation to the company’s average employee’s salary, there will be loop holes to be exploited by these people.

I’m also looking forward to see what will happen to small business when Obama come into office and raise the minimum wage by ~50%. Can small business handle a 50% increase in salary cost.

If a revolution happen like you say it would if nothing change, then this revolution will bring America to the Communism side. With Communism, everyone is equal and there will be no more rich people, period. Yay for equality.

[an]

[quote=TheBreeze]The richest 1 percent of Americans has more wealth than 90% of the population.

http://www.baltimoresun.com/entertainment/custom/today/bal-to.rich26jun26,0,3551938.story

With disparities like that, revolution can’t be far around the corner. I’m looking forward to Obama becoming president so that rich crooks like Angelo Mozilo and other crooked CEOs finally get their just desserts. There are so many CEOs of public companies that get paid huge money for doing absolutely nothing that it is disgraceful. [/quote]
What make you think guys like Mozilo won’t find ways around the tax code? All they have to do is get paid $1/yr like Steve Jobs did and get paid the rest in option. They already have more than enough cash to sustain their life stile. They’re working to build wealth. Regardless what you do, short of setting a fixed ratio between CEO’s total compensation to the company’s average employee’s salary, there will be loop holes to be exploited by these people.

I’m also looking forward to see what will happen to small business when Obama come into office and raise the minimum wage by ~50%. Can small business handle a 50% increase in salary cost.

If a revolution happen like you say it would if nothing change, then this revolution will bring America to the Communism side. With Communism, everyone is equal and there will be no more rich people, period. Yay for equality.

[an]

[quote=TheBreeze]The richest 1 percent of Americans has more wealth than 90% of the population.

http://www.baltimoresun.com/entertainment/custom/today/bal-to.rich26jun26,0,3551938.story

With disparities like that, revolution can’t be far around the corner. I’m looking forward to Obama becoming president so that rich crooks like Angelo Mozilo and other crooked CEOs finally get their just desserts. There are so many CEOs of public companies that get paid huge money for doing absolutely nothing that it is disgraceful. [/quote]
What make you think guys like Mozilo won’t find ways around the tax code? All they have to do is get paid $1/yr like Steve Jobs did and get paid the rest in option. They already have more than enough cash to sustain their life stile. They’re working to build wealth. Regardless what you do, short of setting a fixed ratio between CEO’s total compensation to the company’s average employee’s salary, there will be loop holes to be exploited by these people.

I’m also looking forward to see what will happen to small business when Obama come into office and raise the minimum wage by ~50%. Can small business handle a 50% increase in salary cost.

If a revolution happen like you say it would if nothing change, then this revolution will bring America to the Communism side. With Communism, everyone is equal and there will be no more rich people, period. Yay for equality.

[TheBreeze]

[quote=asianautica]
What make you think guys like Mozilo won’t find ways around the tax code? All they have to do is get paid $1/yr like Steve Jobs did and get paid the rest in option.[/quote]

That’s easily fixable. All we have to do is tax capital gains at the same rate as income. Problem solved.

[TheBreeze]

[quote=asianautica]
What make you think guys like Mozilo won’t find ways around the tax code? All they have to do is get paid $1/yr like Steve Jobs did and get paid the rest in option.[/quote]

That’s easily fixable. All we have to do is tax capital gains at the same rate as income. Problem solved.

[TheBreeze]

[quote=asianautica]
What make you think guys like Mozilo won’t find ways around the tax code? All they have to do is get paid $1/yr like Steve Jobs did and get paid the rest in option.[/quote]

That’s easily fixable. All we have to do is tax capital gains at the same rate as income. Problem solved.

[TheBreeze]

[quote=asianautica]
What make you think guys like Mozilo won’t find ways around the tax code? All they have to do is get paid $1/yr like Steve Jobs did and get paid the rest in option.[/quote]

That’s easily fixable. All we have to do is tax capital gains at the same rate as income. Problem solved.

[Author]

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