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    what do you think of this chart?

    TPP
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    • Post n°1

    what do you think of this chart? Empty what do you think of this chart?

    Post by TPP Thu Mar 17, 2011 10:30 pm

    what do you think of this chart? Balance2

    It shows what the distribution of wealth is in the US and what American's think it is and what they want it to be.

    what do you think of this chart? Chart

    This one is harder for me to read but it shows the average tax burden for different wage earners:

    What to make of all those swirling lines? The chart shows how tax burdens for different income levels have fluctuated over the last century, adjusted for inflation. Blue areas represent a historically low tax burden for a specific income level, while red areas represent a historically high burden.
    So in a nutshell, the chart shows that until around 1940, tax burdens were low for everyone, in historical terms. Then they rose sharply for everyone until about 1970. At that point, the rich and poor began to diverge. Those making around $10,000 to around $50,000 per year enjoyed a comparatively low-tax period in the 70s, but by the early 80s they were taxed slightly higher than the historical average. In the 2000s, their tax rate came back down a bit. By contrast, those making more than roughly $200,000 a year saw a sharp decrease in their tax burden starting in the 80s. That trend has continued to this day.
    It's clear, then, that across the board, today's tax rates are low by historical standards--and for the rich they're very low. If the bottom of the chart showed more red and less blue, our deficit problem would be a lot more manageable.

    http://news.yahoo.com/s/yblog_thelookout/20110316/ts_yblog_thelookout/chart-shows-low-tax-burden-for-rich;_ylt=AqQRacAOhjtfyjgybwmruXWs0NUE;_ylu=X3oDMTRscmw0dHIwBGFzc2V0A3libG9nX3RoZWxvb2tvdXQvMjAxMTAzMTYvY2hhcnQtc2hvd3MtbG93LXRheC1idXJkZW4tZm9yLXJpY2gEY2NvZGUDbW9zdHBvcHVsYXIEY3BvcwM0BHBvcwMxBHB0A2hvbWVfY29rZQRzZWMDeW5faGVhZGxpbmVfbGlzdARzbGsDY2hhcnRzaG93c2xv


    Do you think that the gap between the rich and the poor is a problem in the US? If you do, what do you think could be done about it?


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    Marc™
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    • Post n°2

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    Post by Marc™ Fri Mar 18, 2011 4:13 pm

    thepossiblepolice wrote:Do you think that the gap between the rich and the poor is a problem in the US? If you do, what do you think could be done about it?

    It is a problem, but aside from higher taxes for the rich and boosting the economy (lowering minimum wage standards) so that fewer people are as destitute, I don't know how to reduce the line.
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    • Post n°3

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    Post by TPP Fri Mar 18, 2011 4:21 pm

    Marc™ wrote:
    thepossiblepolice wrote:Do you think that the gap between the rich and the poor is a problem in the US? If you do, what do you think could be done about it?

    It is a problem, but aside from higher taxes for the rich and boosting the economy (lowering minimum wage standards) so that fewer people are as destitute, I don't know how to reduce the line.

    My mom thinks there will be a revolution, like the French Revolution if it keeps getting worse. IDK, I think we're all too lazy and comfy for that to happen.
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    Nystyle709
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    • Post n°4

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    Post by Nystyle709 Fri Mar 18, 2011 6:37 pm

    thepossiblepolice wrote:
    Marc™ wrote:

    It is a problem, but aside from higher taxes for the rich and boosting the economy (lowering minimum wage standards) so that fewer people are as destitute, I don't know how to reduce the line.

    My mom thinks there will be a revolution, like the French Revolution if it keeps getting worse. IDK, I think we're all too lazy and comfy for that to happen.

    Not quite. I think the reality of it will hit like a ton of bricks eventually. It has to. People are tired of the shit.
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    • Post n°5

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    Post by TPP Fri Mar 18, 2011 6:46 pm

    Nystyle709 wrote:
    thepossiblepolice wrote:

    My mom thinks there will be a revolution, like the French Revolution if it keeps getting worse. IDK, I think we're all too lazy and comfy for that to happen.

    Not quite. I think the reality of it will hit like a ton of bricks eventually. It has to. People are tired of the shit.

    Part of me hopes that you are right, then the part of me who knows how "comfortable" our life is right now, even if we struggle, is scared for my kids. If I didn't have kids I'd be all about wanting things to change in a big way. The mom in me is too scared though.
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