Flat Tax system

[Pine Mt Beagles]

Republicans ,,believe if they tell a lie long enough it's true,,

Most of you are typical Republicans,,just Brain dead ,,and think because you have your head up a Billionares butt,,you are rich to,,not one of you are real Republicans,,

Anyone who thinks this is good or even alright is mentally ill.

Growing apart

America’s income inequality is growing again. Time to cut subsidies to the rich and invest in the young
Sep 21st 2013

A BARRAGE of new statistics on American living standards offers some grounds for optimism. A typical American household’s income has stopped falling for the first time in five years, and the poverty rate has stopped rising. At last, it seems, the expansion is strong enough at least to stabilise ordinary people’s incomes.

But the main message is a grim one. Most of the growth is going to an extraordinarily small share of the population: 95% of the gains from the recovery have gone to the richest 1% of people, whose share of overall income is once again close to its highest level in a century. The most unequal country in the rich world is thus becoming even more so.

You do not have to be an egalitarian to worry about this trend. Although some degree of inequality is good for an economy, creating incentives to work hard and take risks, the recent concentration of income gains among the most affluent is both politically dangerous and economically damaging. The political worry is a descent into angry populism. Americans are not about to string up the wealthy, but there is growing evidence of fury—witness the Democratic left’s vilification of Larry Summers, a progressive economist who this week felt compelled to withdraw his candidacy for the chairmanship of the Federal Reserve, largely because he was seen as too soft on Wall Street.

Inequality can be a symptom of inefficiency. The implicit subsidy provided to banks that governments judge too big to fail allows bankers to overpay themselves. And a highly skewed distribution can lower growth, if it translates into less equality of opportunity for the next generation. This seems to be happening. The gap in test scores between rich and poor children is 30-40% wider than it was 25 years ago: given that the distribution of innate intelligence is unlikely to have shifted so much in a generation, that suggests that rich youngsters are benefiting more than ever from their economic and social advantages. Measures of social mobility between generations, already lower than in much of Europe, have stagnated.

[Rabbithoundjb]

LMAO!!!!!! Obama is the biggest elitest in america.

[Pine Mt Beagles]

Re: Flat Tax system
by Rabbithoundjb » Tue Oct 08, 2013 5:14 am

LMAO!!!!!! Obama is the biggest elitest in america.


This President,has done more for working Ameicans and the country than the entire Republican Party combined,,But,that has not been hard to do since the Republicans have been on strike for the last few years,,

But,they have killed jobs,trippled the debt,shut the country down.

[Rabbithoundjb]

Only in leftist tax payer funded dependent SHEEEEEEEPS worlds like you PMB. YOU wouldn't know what he's done too or for working people since you haven't been one for decades.