Quote:
Originally Posted by Minte
It's not that black and white. And I don't drink Kool-Aid. The majority of people do live the kind of life you describe. Unemployment may be at 10%. That means that 90% are working and paying their mortgages, taking vacations, getting a new car every 3 years.
And for that group of people, they are successful. They live the life they want. If the government didn't need 35+% of their income in taxes they would have more to spend.
But those aren't the people we are talking about. It's that lower group. The entitlement mentality. People who feel that they are owed more. People who buy things they don't need and can't afford. And that group is growing.
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But that is the point. Wealth is being concentrated so the less able to fight for their slice of the pie are going to get hit the hardest. I know this goes against the Conservative mantra but that is who needs help the most. The social safety net benefits them the most. The good news is it is actually cheap on a per person basis to support that system versus spend on the jails/security etc to keep them down. This model has been proven over and over.
After WWII we had very high taxes on the wealthy and it flattened our pyramid shape for wealth distribution. It was one of our golden eras of productivity growth.