Poll: At what level should the 1%'s net wealth be capped?

Forum rules
As the title "Thoughtful and Intelligent Debates" implies we want quality discussion in this forum. If you're going to post a new topic or reply to one here please make sure it fits the following guidelines.

  • Clear and descriptive title for your topic.
  • You don't need to write a book but please have a reasonable amount of material to support or dispute what you are discussing.
  • Outside references to material to support or dispute your argument can be used but they should not wholly make up your argument. If for example you reference a news article please explain exactly what you are referencing and why.
  • Stay on topic, while topics will wander in the general forums we want to keep them strictly on topic in this forum. Flaming will not be tolerated at all.

How much money should the wealthiest 1% be allowed to keep?

$50,000
4
13%
$100,000
0
No votes
$250,000
0
No votes
$500,000
0
No votes
$1,000,000
0
No votes
$10,000,000
0
No votes
$100,000,000
1
3%
$500,000,000
0
No votes
$1,000,000,000
0
No votes
$10,000,000,000
0
No votes
No limit, let them keep whatever they have
26
84%
 
Total votes : 31

Re: Poll: At what level should the 1%'s net wealth be capped?

PostBy: jpete On: Fri Aug 23, 2013 5:36 am

I'm On Fire wrote:I voted $50k. *censored* them and their golden parachutes and dancing on the backs of the people. Let them see how the other side struggles to survive. They wouldn't last a day worrying about what bill they are going to pay this pay period because they can't afford food. *censored* the rich.


You working for the homeless guy down the street?

Or does a "rich guy" give you a place to go every day to earn money so you aren't standing next to that homeless guy?

If you don't like the rich guy you work for, find a different rich guy.

The owner of my company is known for strapping a ductless split A/C system to his back and climbing 8 stories to install it in his daughters apartment in NYC. I know for a fact he can outwork me all day long and he's almost twice my age.

I certainly don't begrudge him his old Porsche or his new Mercedes. His work ethic drives me to work harder.
jpete
 
Hand Fed Coal Stove: Harman Mk II
Coal Size/Type: Stove, Nut, Pea
Other Heating: Dino juice

Re: Poll: At what level should the 1%'s net wealth be capped?

PostBy: samhill On: Fri Aug 23, 2013 8:02 am

With all these people on welfare getting all these goodies for nothing but keeping their mouths shut & staying where they are. I believe most here know I'm not a fan of abled bodied or generational welfare. But what do you think costs the taxpayer more, slug welfare which we all despise or corporate welfare which the majority here seem to applaud & relish?
samhill
 
Hot Air Coal Stoker Furnace: keystoker 160
Hand Fed Coal Stove: hitzer 75 in garage
Stove/Furnace Make: keystoker/hitzer
Stove/Furnace Model: koker 160/ hitzer 75

Re: Poll: At what level should the 1%'s net wealth be capped?

PostBy: Flyer5 On: Fri Aug 23, 2013 10:30 am

samhill wrote:With all these people on welfare getting all these goodies for nothing but keeping their mouths shut & staying where they are. I believe most here know I'm not a fan of abled bodied or generational welfare. But what do you think costs the taxpayer more, slug welfare which we all despise or corporate welfare which the majority here seem to applaud & relish?



I don't like either. Hard work and Capitalism driven by desperation is what built this country. I don't want to see anyone starve but I don't care if they do without a cell phone.
Flyer5
 
Stoker Coal Boiler: Leisure Line WL110
Hot Air Coal Stoker Stove: Leisure Line Pioneer


Re: Poll: At what level should the 1%'s net wealth be capped?

PostBy: CoaLen On: Fri Aug 23, 2013 8:09 pm

samhill
Why aren't the & haven't the voters ever been up in arms about welfare in their states? I know I have brought up the subject with several of my state reps. but never seem to get any further than a brush off in person or a form letter that is much the same from either party, leading me to believe that all politicians are a bunch of cowards when it comes to certain subjects.


Cowards because they don't want to upset the "urban" voters and lose their support in the process. It's a form of buying votes and maintaining the status quo. It's all the rage these days at the state and Federal levels, coming soon to your local governing body. :mad:
There should not be a cap on wealth; it's what used to drive our economy and can do so again if the government would just get out of the way.
CoaLen
 
Hot Air Coal Stoker Furnace: Keystoker Koker
Coal Size/Type: rice

Re: Poll: At what level should the 1%'s net wealth be capped?

PostBy: plumb-r On: Fri Aug 23, 2013 9:22 pm

If you put a cap on amount that someone can earn and keep, you take away the incentive to do better. What made this the greatest country on earth? Incentive! Yes there is some greed mixed in there also. If you earn it you should keep it. :)
plumb-r
 
Stove/Furnace Make: Hitzer
Stove/Furnace Model: 608 Energy Master I Stoker

Re: Poll: At what level should the 1%'s net wealth be capped?

PostBy: jpete On: Fri Aug 23, 2013 10:59 pm

samhill wrote: corporate welfare which the majority here seem to applaud & relish?


Could you please point out where ANYONE has said this?
jpete
 
Hand Fed Coal Stove: Harman Mk II
Coal Size/Type: Stove, Nut, Pea
Other Heating: Dino juice

Re: Poll: At what level should the 1%'s net wealth be capped?

PostBy: KLook On: Fri Aug 23, 2013 11:04 pm

Now, now Jpete. It is otherwise known as talking points. The MSM uses them all the time to make their points.

Kevin
KLook
 
Stoker Coal Boiler: Harman VF 3000
Coal Size/Type: rice, bagged, Blaschak
Stove/Furnace Make: Harman (Back In Maine)
Stove/Furnace Model: VF 3000

Re: Poll: At what level should the 1%'s net wealth be capped?

PostBy: lsayre On: Sat Aug 24, 2013 6:03 am

The CATO institute (an independent but libertarian leaning "think tank" in Washington DC) estimates the cost of "Corporate Welfare" at about $100 billion annually. The cost of Welfare proper (from all sources derived, local, state, federal) is estimated at $1.1 trillion annually.

The nations annual GDP is somewhere between $14 (bad years) and $16 trillion (good years).

PS: Libertarians are not big fans of corporate welfare by any means. Just ask Ron Paul. If the libertarian leaning CATO institute could find more evidence of it, I think they would report it. Their low figure here speaks to their honesty.
lsayre
 
Stoker Coal Boiler: AHS S130 Coal Gun
Coal Size/Type: Anthracite Pea
Other Heating: Resistance Boiler (It has been fixed!)

Re: Poll: At what level should the 1%'s net wealth be capped?

PostBy: samhill On: Sat Aug 24, 2013 8:07 am

Once again, don't know where CATO gets it's #s but come on now, think about it $1.1 trillion annually & we have had deficit spending for how many decades it doesn't quite add up somehow. Just to make it easier think back to from where Romney got his 47% from, I would think that would be more like it & Corp. Welfare has been going on from way before social. :roll: http://www.huffingtonpost.com/2012/09/2 ... 12835.html
samhill
 
Hot Air Coal Stoker Furnace: keystoker 160
Hand Fed Coal Stove: hitzer 75 in garage
Stove/Furnace Make: keystoker/hitzer
Stove/Furnace Model: koker 160/ hitzer 75

Re: Poll: At what level should the 1%'s net wealth be capped?

PostBy: lsayre On: Sat Aug 24, 2013 11:11 am

We have a Federal deficit because the Federal Government annually takes in ~$2.4 trillion in taxes (corporate and income) and all other forms of revenue and it annually spends ~$3.5 trillion.

With $3.5 trillion being 23% of the nations GDP, are we getting the proper bang for the buck? Or could the private sector (including you and I) spend that 23% far more wisely?
lsayre
 
Stoker Coal Boiler: AHS S130 Coal Gun
Coal Size/Type: Anthracite Pea
Other Heating: Resistance Boiler (It has been fixed!)

Re: Poll: At what level should the 1%'s net wealth be capped?

PostBy: lsayre On: Wed Sep 11, 2013 6:10 am

The 2102 figures are in. The top 1 percent of American households had pretax income above $394,000 last year. The top 10 percent had income exceeding $114,000. Quite good gains at the top.
lsayre
 
Stoker Coal Boiler: AHS S130 Coal Gun
Coal Size/Type: Anthracite Pea
Other Heating: Resistance Boiler (It has been fixed!)

Re: Poll: At what level should the 1%'s net wealth be capped?

PostBy: gunloader55 On: Sun Sep 22, 2013 10:42 pm

poor man near gave anyone a job.I worked 12-14hr every day to build electricial co. and pawn shop glad no one told me how much i could make.
gunloader55
 
Stove/Furnace Model: Glenwood 6 & wm 414a

Re: Poll: At what level should the 1%'s net wealth be capped?

PostBy: KLook On: Mon Sep 23, 2013 6:58 am

Now now gunloader, just remember, you didn't build that. You have all the gov. entities making things happen for you that you didn't even realize. You just thought you were doing the hard work at 12 to 15 hrs a day. But the heavy lifting was being done behind you. :roll: :sick:

Kevin
KLook
 
Stoker Coal Boiler: Harman VF 3000
Coal Size/Type: rice, bagged, Blaschak
Stove/Furnace Make: Harman (Back In Maine)
Stove/Furnace Model: VF 3000

Re: Poll: At what level should the 1%'s net wealth be capped?

PostBy: Flyer5 On: Mon Sep 23, 2013 8:26 am

KLook wrote:Now now gunloader, just remember, you didn't build that. You have all the gov. entities making things happen for you that you didn't even realize. You just thought you were doing the hard work at 12 to 15 hrs a day. But the heavy lifting was being done behind you. :roll: :sick:

Kevin



There it is. :D

We have a moron running this country. He understands nothing about finance's.
Flyer5
 
Stoker Coal Boiler: Leisure Line WL110
Hot Air Coal Stoker Stove: Leisure Line Pioneer

Re: Poll: At what level should the 1%'s net wealth be capped?

PostBy: gunloader55 On: Mon Sep 23, 2013 8:52 pm

how could he never had a real job,wish i had digging ditch or pulling wire for a week,maybe he might see who built it.
gunloader55
 
Stove/Furnace Model: Glenwood 6 & wm 414a