Workers, REAL workers, need to realize they are the real "wealth creators" in this country. If Ford fired every single worker below executives, they would make no cars. Simple as that. I don't see the CEO going down to the line and welding spot 1. That's the reality. When workers draw a line and say "this is it, we're not going backwards", then we'll be able to deal with executives who think THEY are all that matter
@MagnesDrachen13 they hire those who live in other countries? Move their business to another country? Would this situation occur? I'm all for taxing the rich, but this is an argument I hear and don't know what the answer to it.
Its evil when the money goes to war, and its evil when it goes to corporations, and its evil when it goes to the poor. The recipient is irrelevant. Its wrong because it is sticking guns in peoples facing and stealing their money.
If you think im exxagerating, dont pay your taxes, when when thugs come to kidnap you, defend yourself like you would against any other kidnapper.
The reality is that theft and violence is inherent in government spending.
For many many decades blacks and women alike fought for rights and equality.but today our government leaders(dems) want too invoke slavery in america once again
by enslaving the richto a higher tax rate. now, thats rich men,women,blacks,whites and even latinos. once slavery starts again where do you think it will end and with whom?
The ultimate "trickle-down" economics is Keynesianism where gov't "stimulates" the economy by flying over businesses with helicopters full of taxed, printed, borrowed & redistributed cash.
The Fed & IRS corrupt crony politicians with power to redistribute, borrow & debase to buy “support” from Special Interest Groups, Unions, “Too Big to Fail” Corporations, the Military-Industrial Complex & Wall Street cartel.
Watch: “Money As Debt” & “Statism's Assembly Line” here on YouTube
Plus, a bigot is someone who is devoted to his own beliefs while expressing animosity towards anyone who has different beliefs. You fit the bill quite nicely there.
You don't seem to be understanding what I'm writing... If you gave an ounce of thought on it I know you'd get it. If you are too narrow-minded to listen to what other people are saying then people must not enjoy speaking with you. I am repeating myself so you can have another look at what I said and realize that ypu're attempting to put words in my mouth. As for Wal-Mart, they provide subpar jobs and shitty low quality products made by workers who get paid peanuts. Think a bit outside your box.
It doesn't matter if you're on the left or on the right of the political spectrum: if you don't give some sources to your "facts" and resort to name-calling to prove your point, no one will take you seriously. It doesn't matter if your name is Uygur or O'Reilly- you'll be a bigot who just wants to be right, instead of a truehearted American who is working to see the nation become every good thing that it can become.
"you'll be a bigot who just wants to be right, instead of a truehearted American who is working to see the nation become every good thing that it can become."
So now I'm a bigot because I won't do some libtard's homework for him? Explain how I'm a bigot. Obviously you don't even know what the word means, just like you don't know what "free market" means. Yep, that confirms it: you're an ignorant clown who hasn't done a shred of research. Go find out what you're talking about first.
1. Between the free and controlled markets lie a continuum. I argue that we are in a free market system, but it could be freer.
2. I'm not implying that big corporations are intended to hurt people. Read my statement again: "They're not geared to better society." Their primary and immediate goal is to engender personal profit. Who can argue with that? I would argue that Wal-Mart, for example, is not a benefit to society when you weigh all the impacts it has on the world.
1. Wrong still. There are regulations in all industries, you simpleton. Name a market that has no regulations. Again, you don't know what the fuck "free market" means since you said we should get rid of the regulations in the "free market". You've contradicted yourself twice now.
2. Wal-Mart is bad for the world? It would appear you're wrong (as usual) since many people shop and save a lot of money there and they provide jobs all over the world, including to third world countries.
3. I'm not asking you to do *my* homework. I'm asking you to do yours. Provide some sources for your citations. In an academic setting, you would be plagiarizing by not providing your sources. I think it's meant to tell us that giving information without backing it up can have very serious ramifications. If "Curveball" had provided some proof about his wild stories of Iraq's bioweapons, we would have seen that he was lying, and thus no Iraq war... interesting eh?
4. You are a bigot because instead of looking at my argument and being willing to listen to what I'm saying, you're closing your eyes, shutting your ears and shouting "I can't hear you over my self-righteousness!" I'm ready and willing to learn from you, provided you give me some sources for your claims: however, you resort to insulting those whose opinion is different enough from yours. Ergo, a bigot, just like Cenk Uygur and Bill O'Reilly can be.
3. Just repeating yourself again I see. Usual libtard stalling/rhetoric. Either debate a particular point or shut the fuck up.
4. That's not what "bigot" means. Goddamn, are you this retarded through birth or did you have to work on it? Go buy a dictionary, you loon; learn some fucking vocabulary.
one person can only spend so much money but many people can spend a lot of money and that would increase demand and create more jobs. if someone who makes a billion dollars a year is taxed at 35% that's $650,000,000 a year to keep. these people have more money than they know what to do with so let's have them help pay down the national deficit.
The stupidity of the left never ceases to amaze me. All of you boneheads have got your "facts" completely wrong. The fact of the matter is the rich pay WAY more than the middle and lower class. This is proven FACT seen by statistics. What's more, the left is always in favor of crying how the rich should help pay off the debt while also arguing for larger government, thus increasing the debt at the same time. You clowns need a reality check. Liberals = idiots.
@kommisar As long as you just say shit without backing it up, you will be considered the unprofessional one. Cite your sources. Cite your statistics. Give me some meat on that bone you're throwing.
So you're disputing my claims? Whatever, clown. You lefto socialist libtards usually stick your head in the sand when given facts. Hell, what else do you expect from people who ask that the government take care of them from cradle to grave? Grow up.
@kommisar Calling me names won't make your case any stronger, nor will it serve to convince me that you're right or wrong. The problem with your idea is that corporations are geared to make profit. They're not geared to benefit society as a whole. The latter is a supposed byproduct of their activities. You say you have facts, I answer, give me your sources. Until then, you fail to convince me or anyone else. I really don't care about what Cenk says until he gives me sources, either.
The problem with your liberal logic though is by saying, "They're not geared to better society," you're IMPLYING that they hurt people. It's a skewed perception to say the least.
I frankly couldn't give two shits if a half-wit like you doesn't believe me. You're well below my league when it comes to these subjects, especially when you can't even dispute a particular point. It's obvious you've done zero research yourself, and expect people to do your homework for you. You know fuck all.
@kommisar Of course the rich inherently pay more than the middle class... 1% of 100 000 is ten thousand, 1% of 10 000 is a thousand. Statistics also balance this out, because a smaller percentage of the population is in the rich bracket than in the average bracket. So the middle class ends up paying more overall.
Actually, no, you're still wrong. The rich pay the majority of the nation's income taxes. This is an undisputed statistical fact, and has been for many years. Cenk's just another partisan liberal who's for redistributing the wealth. Why don't any of these partisan clowns ever lobby to cut spend and reduce or even eliminate taxes for everyone? It's because they want all the entitlement programs and police state.
It's called google. AND NO SHIT people's lives were so great when they took the rich's money... Except, there were no more rich people to give people jobs =/
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Most of the income for the rich comes from investments which is taxed differently, so it doesn't really matter if you increase taxes for the rich to 100%, they'd still pay a smaller portion of their income compared to you and me.
All that would accomplish is to encourage people to make money off others work, instead of their own.
Well I do think those people should pay the majority of taxes (because they have the majority of the money) but I don't necessarily want to punish people for being successful either. It hurt when my taxes went up just because I worked harder and made more money so I can feel those rich peoples pain (I'm not rich...only in spirit! LOL) but its clear for the good of our society the rich people need to pay more...
@Yewon2001 tax isn't punishment. Its the way a country works. Not maintaining a tax reduction for the people who can afford normal tax levels is not something bad, its something right.
Not giving them a tax reduction will not cause them to stop being rich all the sudden, it just won't make them richer and allow more money to be spent on project that ARE needed and won't happen unless there is money. And the top 1-2% are not richer because they worked harder than anyone else, that's bullshit
@andreas55k LMAO.......he was joking around!! Especially for Dylan Ratigan....he's extremely liberal and very progressive by News network standards! Knowing that, I found it HILARIOUS that he said that!
If Rush said that, then yeah I would have been sooooooooooo pissed!!
the rich make their money off of the labor of the poor they aren't going to sacrifice their business because of taxes then they wouldn't make any money
wow. There is a lot of emotional baggage there. Hey, I am a regular volunteer and I believe my community does benefit from charity dollars. However, if it comes down to a choice of either 1: equal and fair taxation laws OR 2: someone deciding on their own accord to give a certain amount of their own choosing, I'd like to have equal and fair laws.
Don't blackmail us with your charity or threaten to "fire everybody". Won't you be out of business or not producing if you fire your entire staff?
@ilmenidren It should be noted that Dylan wasn't saying that seriously - he was playing the devil's advocate for Cenk with responses that your average republican fiscal conservative would volley at him during such a debate.
Cenk is truly a retard, he doesn't understand corporate accounting principles and rules of taxation
reason why Warren Buffet pays a lower tax rate than his secretary is that he CHOSE DELIBERATELY to take the profits out of his company by way of DIVIDENDS and capital gains. Had he decided to take out profits by charging his company a management fee for his services, he would be paying taxes at a much HIGHER rate than his secretary
It's not all of the rich we have a problem with.. it's the rich who have no morals that are causing the problem. The ones who could care less about anyone but themselves...and it just so happens that most of them are running this country.
@TheRedbander Thats also a really good point! Old wealth versus new wealth. But the rich depend on ordinary people like us to think we will all get there too, to keep the right politicians in power. For example, the whole "Joe the Plumber" fiasco during the election. That man argued not to raise taxes on the rich because of the possibility he'd be successful and one day may make over 250,000 dollars from his own start up business....Teased like a dog begging for a T-bone steal hell never get.
Legislate it so that the lowest salary has to be a set percentage (no lower than 5%) of the highest salary in a business. In other words, the CEO wants a large salary, fine, but he has to pay a larger sum to the workers, and has a lower profit in the company savings.
My problem is that 99% toil to earn 1% of the resources, while a 1% of the population hordes the other 99%. (a little less extreme , since there are other classes between the dirt poor and the filthy rich, but that's the idea).
@mrslair This is not spam. Stupid as hell? Absolutely, but not spam. He wasn't questioning whether they are people or not, and I HOPE you actually know that.
"In life, my spirit never rose beyond the limits of our money-changing holes! Now I am doomed to wander without rest or peace, incessant torture and remorse!"
Ebenezer:
"But it was only that you were a good man of business, Jacob!"
Jacob Marley:
"BUSINESS? Mankind was my business! Their common welfare was my business! And it is at this time of the rolling year that I suffer most!"
@netiaz I'm a hippy liberal. I think that people that graduate college are lazy and the 30% of Americans that can't graduate high school are really hard working.
Liberal solution to every problem= tax the rich. and when all else fails, tax the rich even more. Well because obviously if your rich you must be evil, so the people have to right to steal your money through force. Oh and in California being rich is anyone making over 50,000 a year. According to tax codes.
Yea, but at least back then the dollar was much stronger and cost of living much lower. Now days, the inflation tax makes it hard for a middle class family to survive.(wages never keep up with the inflation tax)
When the rich get taxed, the tax can be spent to improve education, infrastructure etc which lead to more jobs and more spending and higher standard of living.
@mengwise36 .Savings leads to investment, which leads to an increase in capital, which leads to an increase in production. More production means more goods and services to go around for everyone. That brings a higher standard of living. Taxing just takes some money and resources and puts them some where else. It doesn't increase wealth. Regardless of mainstream thought, more spending is not the answer,> That's actually what bankrupted the country.
@19TEC85 Is important to differentiate between taxes. Many left-wingers love the European comparison. Well, the EU average corporate tax has been cut a 1/3 in last 10 years. Specially in Germany, from 50% in 2000 to 25% in 2010. German federal corporate tax rate is 15% (flat) which is closer to Switzerland (8.5%). Who is the last US president to cut the corporate federal rate? Reagan, from 46 to 34% 28 years ago. Even Scandinavians pay 25%. While the personal income tax has remained the same.
I will give you "savings leads to investment" which is not entired true since I won't call political contribution and such "investment". I will give you that "investment leads to increase in capital". However, to say that leads to increase in production is far fetched. The whole stock exchange is nothing but a casino. Once the IPO is over, the company who issues the stock no longer get more capital. Take Google. IPO at $80. $454.62 right now. Did Google get 454.62 to invest? No
Take your next statement. "More production means more goods and services to go around for everyone." That is only a good thing when a) the goods and services were scarce and b) "everyone" can afford the goods and services. Remember the dot com bubble? Over investment lead to over production which lead to over capacity. While most Americans were stuck using dial up modems, the companies who produced fiber cable went bust. Not all goods and services can be directly used by "everyone".
Bubbles get started through artificial credit expansion from the central banks policy. What happens is, the central bank pumps money into the system which gets mistaken for real savings, meanwhile, people are still out spending on consumption...Which always ends in a bust. If the speculation was based on real savings their wouldn't be a bust and speculation would be more realistic. High consumption spending and high speculation at the same time leads to a bust every single time.
So point being if the speculation is based on real savings, the goods and services would be based on what people really want and are able to afford during that time. Eventually prices would fall if the supply increases.
Now let's look at standard of living. I think we can all agree that everything else being equal, the person who has more money (either because he is paid more or taxed less) can afford to consume more. However, the standard of living also include the non consumables. Is it good for me to have a big TV but my kids have to go to crappy schools? Is it good for me to have a big house but spend 4 hours a day getting to work? Someone has to pay for things that are for the common good.
@thedude1325 This is the worldwide problem. Rich dont have have high enough taxes & its being paid out from the poor/middle class.
I mean in my country after taxes & bills we dont have enything left. And i live in finland (google it)
Only reason why we "have" high income per person because the low income is being balanced out by the top 100 rich people. Since its being shared by every1 (taxes for work are around 40% /over. add bills to that and you have another 40%) No god jobs here...
wow, this is one of the better debates i've seen on mass media! they disagreed and argued, but were respectful and didn't spew hate. please tell me this is a new trend.
Dylan Ratigan is just as liberal as Cenk, he is simply playing devils advocate, and responding how these greedy corporate rats, and their puppet political slaves, the Republicans would respond.
35% FOR THE RICH WHAT THE FUCK!?! In Norway it's 49%(max tax rate+additional fees) and in Denmark even more as far as i know.... jesus christ, you americans need to learn to tax.
@mengwise36 Common good such as securing oil interest in the middle east and blowing people up? Common good such as giving out billions to wall street? You actually think Federal taxes are charity? At least a case for common good can be made for local taxes but don't tell me taxes are mostly used for good. Not to mention the gov spends whether they have tax revenues or not.
It might be cruel but have you ever considered that what is good for the Americans might be hazardous for the rest of the world?
Of course as soon as you argue common good for all, you are accused of pushing NWO agenda.
Common good is education, infrastructure and health care that will benefit ALL people. How do you pay for it? The rich will have to contribute more or the government will have to go into debt.
@mengwise36 I just don't believe those things must be done through the force of government. I work in education and whenever they send money to "help education" all it does is give a bunch of middle managers and teacher union raises.the kids are forgotten. The system itself never changes and kids keep failing.
there is a big difference between saying that the bottom 80% of americans SHARE of income shrank by 10% vs saying that there income shrank by 10%. Let me put it to you this way, if the top 1% of Americans income quadrupled yet there share only doubled, then simple statistics tells us that the other 99% must have gotten richer too.
Secondly what is meant by shrank by 10%? did it go from 30% to 20% or 30% to 27%?
@interstate317 in easy to understand plain English: Workers have been screwed since around 1976, It really got worst from 1981 on, but from 1976 onward, the supply increased and demand did not. Demand is basically wages. This in-balance was met with debt. Workers now are being more productive, working more hours for less wages and benefits.
@danniboi07 Well then he is LYING, the median income has increased by 17% from 1980 to 2004 (source: Stephen Moore "The American" Dec 2007 issue). I've also read some sources that claim that increased by 15% since 1980 to 2010 (wikipedia: Median houshold income). All are adjusted for inflation and NO source claims that the median is losing money, at least none that I've seen.
this kind of disinformation is truly typical liberal propaganda
A very large majority of the very rich people in America, like the group of billionaires Buffett and Gates have assembled to donate to charity are LIBERALS and DEMS, NOT REPUBLICANS
@genie0390 "A very large majority of the very rich people in America, like the group of billionaires Buffett and Gates have assembled to donate to charity are LIBERALS and DEMS, NOT REPUBLICANS"
I'm not doubting you but can you give me a source for this statement? I never knew that a vast majority of the richest Americans are liberal democrats.
Let me help the people who don't understand(including Cenk). They take a company they own and basically become landlords to somebody else. It's run independent from the actual company and they take a piece without paying any of the expenses, lowering the salaries and profits for the people actually doing the work. They have the money so they have all the leverage.
America had the highest standard of living for the average American when taxes on the rich were 90 percent. Every tax cut in the last 30 years has resulted in the rich taking the money and using it to move plants and factories to communist countries. There should be a 50 percent estate tax on all these bums who inherited all their wealth from daddy and never did an honest days work in their lives.
the reason companies move plants and outsource labor is because unions in America have driven our labor rates sky high, not because rich were given more money.
it's a favorite ploy by dishonest Dems to buy your votes by claiming they will get at the rich, knowing that most people dislike the rich due to a constant culture war they promote
@battlecreekonline Every country, mainly those still in development, has an internal fight to reduce their taxes. Who is ingenuous enough to believe that this fight is willing to reduce poverty?
@battlecreekonline The last time income rates were that high was the early 1950's. The standard of living for the average American has risen considerably since then.
@jeskao3 the guy on the right was dylan rattigan, and he was playing a bit of a devils advocate. He and Cenk share alot of the same views, however Dylan was posing possiblities "the rich" could (and probably would) take even in the even their taxes were raised to still keep as much money as possible.
@jeskao3 he's just playing the devil's advocate... but he is representing some of the key point the 1% make, perhaps not out in the open but yeah, lol
How a nation comprised mostly of people who can hardly afford to eat at McDonalds could EVER be sold on a bunch of millionaires and billionaires getting tax cuts at all is just insane. That they're expiring and there's even a debate that anyone with a bit of shame would take up for extending them is absolutely comical. No shame, meet no brain.
Maybe what we need is total collapse of the dollar. Put everybody on equal footing. Obviously the reason that the middle class don't have money isn't taxes, but the fact that the wealthy hold so much of it and put such a small percentage of their holdings back into the economy. We need a law that says any net worth held over $100,000,000 goes to the government at the end of the year where it is fed to the middle and working classes. That would jump start the economy.
Why do we have to raise taxes? If you tax something, there less of the something you are taxing. I don't know about you but i don't mind rich people around.
Income Tax cuts DID NOT CAUSE economy to go down the drain!
Proof: No matter how bad the shit hit the fan, the Federal Government still was and is paying for all its expenses.
Sure, it's paying by increasing debt, so it CAN'T pay for debt, but the debt was NOT called yet! So nobody saw a slump in economy because of decrease in income taxes yet.
It's a ruse, the reason why economy is fucked is because people don't produce anything because they have no money to run businesses due to high taxes.
You think the lowest taxes in the short history of the country are "high taxes" and that caused businesses to lost profit? Do you even know what you are saying? They have the lowest taxes and they STILL pocket all the fucking profit. They have no incentive to create more jobs.
@PzownedProductions Lowest taxes in history? Get your facts straight. Before 1913 USA didn't even HAVE federal income tax, so there, proof by example, QED.
But I am not here to compare apples to oranges, the USA was a NET EXPORTER during its higher tax years.
TODAY USA IS A NET IMPORTER and a NET DEBTOR. THERE ARE NO JOBS.
How can you tax people's income in a situation where they need to save to creates small business jobs - the only real jobs?
So since there were no taxes before, there can be no "lowest" tax cuts? Does that mean that you can't be at your poorest when you're 45 because when you were 5 you had no income and thus can never be "poorest" unless you're back to 0?
Are you subscribing the ideology by Cenk that tax cuts caused this economic failure?
Because you have to get your facts straight, tax cuts only affect government's ability to pay for its expenses and government did NOT cut any expenses even in 2008, it only increased them, so it's paying for them.
Sure, it's paying with debt, but there was NO cuts to expenses, so tax cuts are a non-issue, they never caused anything to change at all YET.
@PzownedProductions So the other part of Cenk's ideology is that government needs to collect more taxes and DO WHAT WITH THAT?
Government does NOT have an issue with too little money, it has too much money, it's printing cash and t-bills and bonds, and idiots across the world are still buying US debt obligations. US Government has no problem with cash. The debt is growing, but NOBODY asked for the money back YET.
So what is this about then? It's just a talking point for personal gratification
My point is valid: in times of no jobs taxes must be cut. What are they taxing? How can they bleed a stone?
But the reason, best reason to get rid of income taxes completely right now is to allow people to SAVE THEIR CASH to be able to INVEST and create small business JOBS.
I don't care about the richest, but you can't cut taxes for all except the 1% on top, they'll corrupt the government more and will move capital out, it's a retarded ideology.
Ironically, through the arguing, we've reached the same point: Taxing the rich is economically sound. Our means may be different but at least we seem to agree on the end.
@PzownedProductions I NEVER had a reason to CARE about the richest 1%! What are you talking about? Look at my posts below, I have an entire essay here explaining this.
Search for this: "My name is Roman"
My point is that all income taxes must be cut for the middle class, which must start saving and producing jobs, but I have a valid REALISTIC argument that trying to tax the rich too much will end up worsening the situation in terms of corruption and lack of capital.
People are arguing about taxing more to give more CASH to government, which is printing and borrowing all the cash it needs, while the actual problem is not lack of cash, but lack of jobs, for fuck's sake.
@PzownedProductions It's a misconception that anybody was actually PAYING those insane 90% taxes, can ANYBODY fucking separate REALITY from MAGIC?
Nobody was paying those taxes because nobody would be stupid enough to take that kind of money out of a business and declare it as personal income, when all they had to do not to pay the insane taxes was to take DIVIDENDS!
I like Dylan Ratigan. Good questions. Perfect answer. The more people who are employed, the more money you will make. You don't want to fire people who are making you a profit, if your goal is making profit. The more you tax the rich, the more they'll spend on tax deductible items like business which will make more money than just paying income tax. So it's a win-win situation by putting the money into business. Help the economy and feed the business for more profits.
Giving money to the rich does NOT create jobs.. it only creates more jobs to be shipped overseas :P. My god you tell the rich that their taxes will increase it's like telling them to break their arm! The fact of the matter is they'll still be plenty wealthy even if the government decided to reiterate the old fashion tax rates to the upper class. So stop the bitch fit you rich snobs and go back eating your caviar!
You all achieve massive success at completely missing the point...Should there be taxes at all is the proper argument, but you all just buy into the lie and your subsequent rambling about who and how much see the lie continue unchallenged. it's all distraction from the real issue and evidently it's working perfectly...enjoy your continued misery...
@ObservationaLee so who will pay the police and the fire dept the board of ed the judges and the light bill for the street lights and the traffic???i don't know about you but i am kind of used to living in a civilized society.
@cjfilmproductions ObservationaLee is talking about federal income taxes. Police Fire dept, street lights, schools..... basically all citizen services are state government unless it effects all states equally like military & mail. you would still have a civilized society even if you didn't have a federal government.......although maybe not for long without a military.
Don't tax the higher race. Remember, those that have a lot of money have greater souls then simple puppets like you. You have to bend over and let them enjoy themselves, because if they don't enjoy your rear end they will send you to Hell.
It is in the Bible: "A poor person can only go to heaven if a rich more valuable person morally accept such an act; only those that have performed enough services for the rich will see the kingdom of Heaven" - Job 6:66
@davidpark68 I made it up as the opposite of what the bible actually says. It says simply "it is easier for a camel to go through the eye off a needle then a rich man to go to heaven".
This fucking idea that the PERSONAL income of a CEO or executive dictates how their COMPANY manages ITS OWN separate income is ridiculous and is really starting to piss me off. The money to hire more people does not come out of a CEO's pocket. If Kraft the company is doing well, and multiple people think it is profitable to expand, then they will hire, regardless of whether the CEO takes a pay cut. That concept applies to small business owners who don't make millions in the first place.
I used to think this way, Milton Friedman changed all of that for me. The one thing he said that I will never forget was that there were four ways to spend money.
1.YOU spending YOUR money on YOURSELF
2.YOU spending YOUR money on SOMEONE ELSE
3.SOMEONE ELSE spending YOUR money on YOU
4.SOMEONE ELSE spending YOUR money on SOMEONE ELSE
The best bang for the buck and least wasteful will ALWAYS be 1 and 2. Number 4 being government spending. No one gives a sh*t.
Unlike you all. The rich have the ability to get up and move just about anywhere they want in the world. Taking their money and business with them. Over tax them and they will leave.
Wrong! WAKE UP you FOOL, thanks to outsourcing, American workers must compete against Chinese garment workers making approximately 86 cents an hour & Cambodian garment workers making approximately 22 cents an hour.
Rich investors prefer poor populations. The poorer you are, the harder you will work for less. Because the poorer you are, the less equipped you are to defend yourself against the abuses of wealth.
Stop buying into this free market bullshit, the rich don't give a fuck about America.
@tannersanta You are saying Rich Investors Prefer Poor Populations because of lower wages?
Do YOU BUY MORE EXPENSIVE OR LESS EXPENSIVE SHIT?
Because if you always buy more expensive stuff when presented with a choice, then you have a point, otherwise, SHUT THE FUCK UP!You are JUST AS GUILTY FOR CHOOSING LESS EXPENSIVE CRAP MADE IN CHINA.
@tannersanta thank god anyway, someone has some sense, I am socialist aswell but only as a route to communal anarchism, which is truely the internationale ideal :D
@tannersanta don't sweat it, the governments fixing all that......after they're finished running up the debt, inflating the money supply & devaluing the dollar you too will be a Zimbabwe millionaire........... of coarse it will just be a pretty piece of paper with lots of 0's on it worth about 86 cents but look on the positive side, at least we'll be able to compete with Cambodia & China for those manufacturing jobs.
Govt. cant fix shit, bcuz there is nothing to fix.
Just because the system does NOT work for the majority of people it does not mean it does not work at all!
FACT: Despite the financial crisis the rich keep getting richer while mass poverty grows faster than the world population.
The system works indeed, but ONLY 4 a wealthy few who control it & seek nothing but a plutocracy, government & the fear propaganda of ur money being worthless are just 2 of the many weapons in their arsenal. WAKE UP!!
@tannersanta that's the problem, the government created a class of voters dependent on tax dollars. as long as they promise more entitlements, government jobs or government contracts they get reelected. I guess they never thought about what would happen if they couldn't tax or sell our debt to cover their promises. the only thing they can do now is to monetize the debt. ask a left winger what that means & you get the deer in the headlights look followed by "it's bushes fault"................
You're absolutely correct...it is Bush's fault. For the greater part of 2000-2008, the conservatives had free rein to try out their theories...ie cut taxes for the rich, start a war just because you want to, and deregulate the free market. Their little experiment (at our expense) put the country in the toilet. Now they're running around screaming that it's all the Libs fault. BS.
@momzacarp you do know that Neocons are republican progressives, yes? "cut taxes for the rich" & increased spending. Agreed, Bush increased the size of the federal government & entitlements but instead of taxing he increased our debt...Obama is Increasing the size of government, increasing taxes & maxed out our debt. "deregulate the free market" you mean repealed the Glass–Steagall Act then bailed out wall street bankers when they got themselves in trouble..........
Please give one example of Obama raising taxes. He lowered taxes for everyone who makes under $200,000 a year.
Bush encouraged people who couldn't afford to buy a house to do so, saying that "everyone deserves to live in a beautiful home" at the onset of the subprime mortgage fiasco.
@momzacarp increasing the money supply is the worst of them all because it sells future tax debt so not only does it increase taxes but we also have to pay the interest & that's the best case scenario. if we print the money to pay the debt then we devalue the currency.
artificial interest rates & easy credit encouraged people who couldn't afford to buy a house to do so. oh, don't forget Bush's answer for 911 was for us to go shopping.
@momzacarp by saying "letting the Bush tax cuts expire" you assume the government owns your property & it's doing you a favor by allowing you to have some of it. Obama isn't "letting the Bush tax cuts expire" he's raising taxes.
"The democracy will cease to exist when you take away from those who are willing to work and give to those who would not." Thomas Jefferson
we are seeing the collapse under our entitlement system. politicians buying votes with tax dollars.
"Another means of silently lessening the inequality of property is to exempt all from taxation below a certain point, and to tax the higher portions of property in geometrical progression as they rise. Whenever there is in any country, uncultivated lands and unemployed poor, it is clear that the laws of property have been so far extended as to violate natural right. The earth is given as a common stock for man to labour and live on."
Workers, REAL workers, need to realize they are the real "wealth creators" in this country. If Ford fired every single worker below executives, they would make no cars. Simple as that. I don't see the CEO going down to the line and welding spot 1. That's the reality. When workers draw a line and say "this is it, we're not going backwards", then we'll be able to deal with executives who think THEY are all that matter
MagnesDrachen13 7 months ago 4
@MagnesDrachen13 they hire those who live in other countries? Move their business to another country? Would this situation occur? I'm all for taxing the rich, but this is an argument I hear and don't know what the answer to it.
Yu5b0w 1 month ago
Dude, taking 40% of someone's income is out and out theft.
resincoatedlungs 9 months ago
@resincoatedlungs
It that is true the great Republican Eisenhower was the biggest theif of all. His tax rate on those making over a million was NINTY PERCENT.
An analysis of history shows the higher tax rates produce more wealth for more people.
15% is theft, because that low tax rate puts the burden of the debt it creates on the very people who do not benefit from it, and who can't afford it.
The Republican tax policy is a lie, that benefits NO ONE but the Rich.
blueboyblue 8 months ago
@resincoatedlungs howmuch do you think normal people end up paying int axes and indirect taxes
alliencedful 2 months ago
If that makes me a crazy anarchist then so be it. I call it having consistent morality.
Equity213 9 months ago
Stealing is immoral. Period.
Its evil when the money goes to war, and its evil when it goes to corporations, and its evil when it goes to the poor. The recipient is irrelevant. Its wrong because it is sticking guns in peoples facing and stealing their money.
If you think im exxagerating, dont pay your taxes, when when thugs come to kidnap you, defend yourself like you would against any other kidnapper.
The reality is that theft and violence is inherent in government spending.
Equity213 9 months ago
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For many many decades blacks and women alike fought for rights and equality.but today our government leaders(dems) want too invoke slavery in america once again
by enslaving the richto a higher tax rate. now, thats rich men,women,blacks,whites and even latinos. once slavery starts again where do you think it will end and with whom?
GrasshopperScott 9 months ago
This has been flagged as spam show
The ultimate "trickle-down" economics is Keynesianism where gov't "stimulates" the economy by flying over businesses with helicopters full of taxed, printed, borrowed & redistributed cash.
The Fed & IRS corrupt crony politicians with power to redistribute, borrow & debase to buy “support” from Special Interest Groups, Unions, “Too Big to Fail” Corporations, the Military-Industrial Complex & Wall Street cartel.
Watch: “Money As Debt” & “Statism's Assembly Line” here on YouTube
LEARN!
yakyakyak69 9 months ago
Plus, a bigot is someone who is devoted to his own beliefs while expressing animosity towards anyone who has different beliefs. You fit the bill quite nicely there.
SLNoel 11 months ago
You don't seem to be understanding what I'm writing... If you gave an ounce of thought on it I know you'd get it. If you are too narrow-minded to listen to what other people are saying then people must not enjoy speaking with you. I am repeating myself so you can have another look at what I said and realize that ypu're attempting to put words in my mouth. As for Wal-Mart, they provide subpar jobs and shitty low quality products made by workers who get paid peanuts. Think a bit outside your box.
SLNoel 11 months ago
It doesn't matter if you're on the left or on the right of the political spectrum: if you don't give some sources to your "facts" and resort to name-calling to prove your point, no one will take you seriously. It doesn't matter if your name is Uygur or O'Reilly- you'll be a bigot who just wants to be right, instead of a truehearted American who is working to see the nation become every good thing that it can become.
SLNoel 11 months ago
"you'll be a bigot who just wants to be right, instead of a truehearted American who is working to see the nation become every good thing that it can become."
So now I'm a bigot because I won't do some libtard's homework for him? Explain how I'm a bigot. Obviously you don't even know what the word means, just like you don't know what "free market" means. Yep, that confirms it: you're an ignorant clown who hasn't done a shred of research. Go find out what you're talking about first.
kommisar 11 months ago
1. Between the free and controlled markets lie a continuum. I argue that we are in a free market system, but it could be freer.
2. I'm not implying that big corporations are intended to hurt people. Read my statement again: "They're not geared to better society." Their primary and immediate goal is to engender personal profit. Who can argue with that? I would argue that Wal-Mart, for example, is not a benefit to society when you weigh all the impacts it has on the world.
SLNoel 11 months ago
1. Wrong still. There are regulations in all industries, you simpleton. Name a market that has no regulations. Again, you don't know what the fuck "free market" means since you said we should get rid of the regulations in the "free market". You've contradicted yourself twice now.
2. Wal-Mart is bad for the world? It would appear you're wrong (as usual) since many people shop and save a lot of money there and they provide jobs all over the world, including to third world countries.
kommisar 11 months ago
3. I'm not asking you to do *my* homework. I'm asking you to do yours. Provide some sources for your citations. In an academic setting, you would be plagiarizing by not providing your sources. I think it's meant to tell us that giving information without backing it up can have very serious ramifications. If "Curveball" had provided some proof about his wild stories of Iraq's bioweapons, we would have seen that he was lying, and thus no Iraq war... interesting eh?
SLNoel 11 months ago
4. You are a bigot because instead of looking at my argument and being willing to listen to what I'm saying, you're closing your eyes, shutting your ears and shouting "I can't hear you over my self-righteousness!" I'm ready and willing to learn from you, provided you give me some sources for your claims: however, you resort to insulting those whose opinion is different enough from yours. Ergo, a bigot, just like Cenk Uygur and Bill O'Reilly can be.
SLNoel 11 months ago
3. Just repeating yourself again I see. Usual libtard stalling/rhetoric. Either debate a particular point or shut the fuck up.
4. That's not what "bigot" means. Goddamn, are you this retarded through birth or did you have to work on it? Go buy a dictionary, you loon; learn some fucking vocabulary.
kommisar 11 months ago
one person can only spend so much money but many people can spend a lot of money and that would increase demand and create more jobs. if someone who makes a billion dollars a year is taxed at 35% that's $650,000,000 a year to keep. these people have more money than they know what to do with so let's have them help pay down the national deficit.
megeles 1 year ago
The stupidity of the left never ceases to amaze me. All of you boneheads have got your "facts" completely wrong. The fact of the matter is the rich pay WAY more than the middle and lower class. This is proven FACT seen by statistics. What's more, the left is always in favor of crying how the rich should help pay off the debt while also arguing for larger government, thus increasing the debt at the same time. You clowns need a reality check. Liberals = idiots.
kommisar 1 year ago
@kommisar As long as you just say shit without backing it up, you will be considered the unprofessional one. Cite your sources. Cite your statistics. Give me some meat on that bone you're throwing.
SLNoel 11 months ago
So you're disputing my claims? Whatever, clown. You lefto socialist libtards usually stick your head in the sand when given facts. Hell, what else do you expect from people who ask that the government take care of them from cradle to grave? Grow up.
kommisar 11 months ago
@kommisar Calling me names won't make your case any stronger, nor will it serve to convince me that you're right or wrong. The problem with your idea is that corporations are geared to make profit. They're not geared to benefit society as a whole. The latter is a supposed byproduct of their activities. You say you have facts, I answer, give me your sources. Until then, you fail to convince me or anyone else. I really don't care about what Cenk says until he gives me sources, either.
SLNoel 11 months ago
The problem with your liberal logic though is by saying, "They're not geared to better society," you're IMPLYING that they hurt people. It's a skewed perception to say the least.
I frankly couldn't give two shits if a half-wit like you doesn't believe me. You're well below my league when it comes to these subjects, especially when you can't even dispute a particular point. It's obvious you've done zero research yourself, and expect people to do your homework for you. You know fuck all.
kommisar 11 months ago
@kommisar Of course the rich inherently pay more than the middle class... 1% of 100 000 is ten thousand, 1% of 10 000 is a thousand. Statistics also balance this out, because a smaller percentage of the population is in the rich bracket than in the average bracket. So the middle class ends up paying more overall.
SLNoel 11 months ago
Actually, no, you're still wrong. The rich pay the majority of the nation's income taxes. This is an undisputed statistical fact, and has been for many years. Cenk's just another partisan liberal who's for redistributing the wealth. Why don't any of these partisan clowns ever lobby to cut spend and reduce or even eliminate taxes for everyone? It's because they want all the entitlement programs and police state.
kommisar 11 months ago
It's called google. AND NO SHIT people's lives were so great when they took the rich's money... Except, there were no more rich people to give people jobs =/
Weeman9287 1 year ago
@Weeman9287 You don't need to be rich to be able to give people jobs. Lord knows my father isn't rich but he gives people jobs all the same.
SLNoel 11 months ago
i heard taxe rate in the 40-50's was like 80%
tdrobar 1 year ago
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TheRiyad1 1 year ago
Most of the income for the rich comes from investments which is taxed differently, so it doesn't really matter if you increase taxes for the rich to 100%, they'd still pay a smaller portion of their income compared to you and me.
All that would accomplish is to encourage people to make money off others work, instead of their own.
Mastikator 1 year ago
Well I do think those people should pay the majority of taxes (because they have the majority of the money) but I don't necessarily want to punish people for being successful either. It hurt when my taxes went up just because I worked harder and made more money so I can feel those rich peoples pain (I'm not rich...only in spirit! LOL) but its clear for the good of our society the rich people need to pay more...
Yewon2001 1 year ago
@Yewon2001 tax isn't punishment. Its the way a country works. Not maintaining a tax reduction for the people who can afford normal tax levels is not something bad, its something right.
Not giving them a tax reduction will not cause them to stop being rich all the sudden, it just won't make them richer and allow more money to be spent on project that ARE needed and won't happen unless there is money. And the top 1-2% are not richer because they worked harder than anyone else, that's bullshit
TheWidowmaker01 1 year ago
"but are poor people actually people"
...
WHAT WHAT WHAT!?!?!
Ok i have never.... Ever... before in my life... Felt a greater urge to dig forth a red barret and begin to scream "Viva la revolution!"
That is a statement of a Cave Capie... I. E. the first capitalists before the works of Marx and other socialists got their speaches out...
andreas55k 1 year ago
@andreas55k Ratigan was playing devil's advocate, and he's very good at doing it if you've ever watched his show.
Macabre215 1 year ago
@Macabre215
So.... your saying what exactly ?
andreas55k 1 year ago
@andreas55k I thought maybe you were taking him seriously, as in that's what he thought. I wasn't sure, sorry for misinterpreting.
Macabre215 1 year ago
@Macabre215
Oh god good... if he did not mean that then im more calm ^^
andreas55k 1 year ago
@andreas55k LMAO.......he was joking around!! Especially for Dylan Ratigan....he's extremely liberal and very progressive by News network standards! Knowing that, I found it HILARIOUS that he said that!
If Rush said that, then yeah I would have been sooooooooooo pissed!!
lebaneseameer 1 year ago
@lebaneseameer
Oh god thank you.... Thats calming ^^
andreas55k 1 year ago
the rich make their money off of the labor of the poor they aren't going to sacrifice their business because of taxes then they wouldn't make any money
megeles 1 year ago
wow. There is a lot of emotional baggage there. Hey, I am a regular volunteer and I believe my community does benefit from charity dollars. However, if it comes down to a choice of either 1: equal and fair taxation laws OR 2: someone deciding on their own accord to give a certain amount of their own choosing, I'd like to have equal and fair laws.
Don't blackmail us with your charity or threaten to "fire everybody". Won't you be out of business or not producing if you fire your entire staff?
annapreble 1 year ago
@annapreble >choke< did he just say are poor people real people? where did they dig this guy up...???
annapreble 1 year ago
"Are poor people really People" Really? man i would fucking reach across that table rip of fucking voice box out....
ilmenidren 1 year ago
@ilmenidren It should be noted that Dylan wasn't saying that seriously - he was playing the devil's advocate for Cenk with responses that your average republican fiscal conservative would volley at him during such a debate.
justus4justice 1 year ago
@justus4justice
ah ok, it was a little hard to tell by his expression, after re-watching it i feel a little sheepish now.
ilmenidren 1 year ago
To answer Dylan's question "are the poor people?"
No; they are not. They are mearly a food source for the rich. Has he not read "A Modest Proposal"?
NDstephan 1 year ago
@NDstephan greatest essay ever
rodrommel 1 year ago
Wow! How did Cenk make it on tv!?
lmaostrnoob 1 year ago
Cenk is truly a retard, he doesn't understand corporate accounting principles and rules of taxation
reason why Warren Buffet pays a lower tax rate than his secretary is that he CHOSE DELIBERATELY to take the profits out of his company by way of DIVIDENDS and capital gains. Had he decided to take out profits by charging his company a management fee for his services, he would be paying taxes at a much HIGHER rate than his secretary
genie0390 1 year ago
Those 15 people must be rich
JerkyChid 1 year ago
It's not all of the rich we have a problem with.. it's the rich who have no morals that are causing the problem. The ones who could care less about anyone but themselves...and it just so happens that most of them are running this country.
shaveonne23 1 year ago
@TheRedbander Thats also a really good point! Old wealth versus new wealth. But the rich depend on ordinary people like us to think we will all get there too, to keep the right politicians in power. For example, the whole "Joe the Plumber" fiasco during the election. That man argued not to raise taxes on the rich because of the possibility he'd be successful and one day may make over 250,000 dollars from his own start up business....Teased like a dog begging for a T-bone steal hell never get.
Missylisa517 1 year ago
A market free of heavy regulation that benefits all mutually is impossible,yet when anything else is suggested it is viewed as insanity
Whiteplane 1 year ago
Legislate it so that the lowest salary has to be a set percentage (no lower than 5%) of the highest salary in a business. In other words, the CEO wants a large salary, fine, but he has to pay a larger sum to the workers, and has a lower profit in the company savings.
My problem is that 99% toil to earn 1% of the resources, while a 1% of the population hordes the other 99%. (a little less extreme , since there are other classes between the dirt poor and the filthy rich, but that's the idea).
spritestouch 1 year ago
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'but are poor people actually people?' I can't believe he said this on television...
mrslair 1 year ago
@mrslair This is not spam. Stupid as hell? Absolutely, but not spam. He wasn't questioning whether they are people or not, and I HOPE you actually know that.
firegod001 1 year ago
Dickens said it best.
Jacob Marley:
"In life, my spirit never rose beyond the limits of our money-changing holes! Now I am doomed to wander without rest or peace, incessant torture and remorse!"
Ebenezer:
"But it was only that you were a good man of business, Jacob!"
Jacob Marley:
"BUSINESS? Mankind was my business! Their common welfare was my business! And it is at this time of the rolling year that I suffer most!"
hassleoffa 1 year ago
@netiaz I'm a hippy liberal. I think that people that graduate college are lazy and the 30% of Americans that can't graduate high school are really hard working.
interstate317 1 year ago
Liberal solution to every problem= tax the rich. and when all else fails, tax the rich even more. Well because obviously if your rich you must be evil, so the people have to right to steal your money through force. Oh and in California being rich is anyone making over 50,000 a year. According to tax codes.
19TEC85 1 year ago
@19TEC85
I would not call Eisenhower a liberal but the top marginal
tax rate was 91%. Look it up.
mengwise36 1 year ago
@mengwise36
Yea, but at least back then the dollar was much stronger and cost of living much lower. Now days, the inflation tax makes it hard for a middle class family to survive.(wages never keep up with the inflation tax)
19TEC85 1 year ago
@19TEC85
That does not make any sense.
When the rich get taxed, the tax can be spent to improve education, infrastructure etc which lead to more jobs and more spending and higher standard of living.
mengwise36 1 year ago
@mengwise36 .Savings leads to investment, which leads to an increase in capital, which leads to an increase in production. More production means more goods and services to go around for everyone. That brings a higher standard of living. Taxing just takes some money and resources and puts them some where else. It doesn't increase wealth. Regardless of mainstream thought, more spending is not the answer,> That's actually what bankrupted the country.
19TEC85 1 year ago
@19TEC85 Is important to differentiate between taxes. Many left-wingers love the European comparison. Well, the EU average corporate tax has been cut a 1/3 in last 10 years. Specially in Germany, from 50% in 2000 to 25% in 2010. German federal corporate tax rate is 15% (flat) which is closer to Switzerland (8.5%). Who is the last US president to cut the corporate federal rate? Reagan, from 46 to 34% 28 years ago. Even Scandinavians pay 25%. While the personal income tax has remained the same.
xaviqaz 1 year ago
@19TEC85
I will give you "savings leads to investment" which is not entired true since I won't call political contribution and such "investment". I will give you that "investment leads to increase in capital". However, to say that leads to increase in production is far fetched. The whole stock exchange is nothing but a casino. Once the IPO is over, the company who issues the stock no longer get more capital. Take Google. IPO at $80. $454.62 right now. Did Google get 454.62 to invest? No
mengwise36 1 year ago
@19TEC85
Take your next statement. "More production means more goods and services to go around for everyone." That is only a good thing when a) the goods and services were scarce and b) "everyone" can afford the goods and services. Remember the dot com bubble? Over investment lead to over production which lead to over capacity. While most Americans were stuck using dial up modems, the companies who produced fiber cable went bust. Not all goods and services can be directly used by "everyone".
mengwise36 1 year ago
@mengwise36
Bubbles get started through artificial credit expansion from the central banks policy. What happens is, the central bank pumps money into the system which gets mistaken for real savings, meanwhile, people are still out spending on consumption...Which always ends in a bust. If the speculation was based on real savings their wouldn't be a bust and speculation would be more realistic. High consumption spending and high speculation at the same time leads to a bust every single time.
19TEC85 1 year ago
So point being if the speculation is based on real savings, the goods and services would be based on what people really want and are able to afford during that time. Eventually prices would fall if the supply increases.
19TEC85 1 year ago
@19TEC85
Now let's look at standard of living. I think we can all agree that everything else being equal, the person who has more money (either because he is paid more or taxed less) can afford to consume more. However, the standard of living also include the non consumables. Is it good for me to have a big TV but my kids have to go to crappy schools? Is it good for me to have a big house but spend 4 hours a day getting to work? Someone has to pay for things that are for the common good.
mengwise36 1 year ago
The US Government needs to learn how to tax. 35% for the rich?!
In the UK it's 50% for those earning over £150,000, and 70% was almost imposed for over £1,000,000.
thedude1325 1 year ago 16
@thedude1325 Your government is going to cut the corporate tax to 24% in 4 years. In USA remains 35-40%, one of the world´s highest nominal rates.
xaviqaz 1 year ago
@xaviqaz That tax cut is for businesses, not individuals. It's improving the growth of the economy and trade, not the riches' salaries
thedude1325 1 year ago
@thedude1325 Those tax cuts are specially for big business. A good thing.
xaviqaz 1 year ago
@thedude1325 This is the worldwide problem. Rich dont have have high enough taxes & its being paid out from the poor/middle class.
I mean in my country after taxes & bills we dont have enything left. And i live in finland (google it)
Only reason why we "have" high income per person because the low income is being balanced out by the top 100 rich people. Since its being shared by every1 (taxes for work are around 40% /over. add bills to that and you have another 40%) No god jobs here...
justmymage 1 year ago
wow, this is one of the better debates i've seen on mass media! they disagreed and argued, but were respectful and didn't spew hate. please tell me this is a new trend.
danniboi07 1 year ago
@danniboi07 I dont think they disagree at all.
Dylan Ratigan is just as liberal as Cenk, he is simply playing devils advocate, and responding how these greedy corporate rats, and their puppet political slaves, the Republicans would respond.
ByronC900 1 year ago
35% FOR THE RICH WHAT THE FUCK!?! In Norway it's 49%(max tax rate+additional fees) and in Denmark even more as far as i know.... jesus christ, you americans need to learn to tax.
dahvisibleinvisible 1 year ago 4
@dahvisibleinvisible
translation, "you americans need to learn how to rob and steal property"
19TEC85 1 year ago
@19TEC85
translation, "you Americans need to learn how to pool the resources for common good".
mengwise36 1 year ago
@mengwise36 Common good such as securing oil interest in the middle east and blowing people up? Common good such as giving out billions to wall street? You actually think Federal taxes are charity? At least a case for common good can be made for local taxes but don't tell me taxes are mostly used for good. Not to mention the gov spends whether they have tax revenues or not.
19TEC85 1 year ago
@19TEC85
It might be cruel but have you ever considered that what is good for the Americans might be hazardous for the rest of the world?
Of course as soon as you argue common good for all, you are accused of pushing NWO agenda.
Common good is education, infrastructure and health care that will benefit ALL people. How do you pay for it? The rich will have to contribute more or the government will have to go into debt.
mengwise36 1 year ago
@mengwise36 I just don't believe those things must be done through the force of government. I work in education and whenever they send money to "help education" all it does is give a bunch of middle managers and teacher union raises.the kids are forgotten. The system itself never changes and kids keep failing.
19TEC85 1 year ago
there is a big difference between saying that the bottom 80% of americans SHARE of income shrank by 10% vs saying that there income shrank by 10%. Let me put it to you this way, if the top 1% of Americans income quadrupled yet there share only doubled, then simple statistics tells us that the other 99% must have gotten richer too.
Secondly what is meant by shrank by 10%? did it go from 30% to 20% or 30% to 27%?
interstate317 1 year ago
@interstate317 in easy to understand plain English: Workers have been screwed since around 1976, It really got worst from 1981 on, but from 1976 onward, the supply increased and demand did not. Demand is basically wages. This in-balance was met with debt. Workers now are being more productive, working more hours for less wages and benefits.
lisabob22 1 year ago
@interstate317 It means you take the (I'm assuming either average or median, let's use median) income and shrink it by 10%.
eg: $54,000 (random number) shrinks to $48,600
danniboi07 1 year ago
@danniboi07 Well then he is LYING, the median income has increased by 17% from 1980 to 2004 (source: Stephen Moore "The American" Dec 2007 issue). I've also read some sources that claim that increased by 15% since 1980 to 2010 (wikipedia: Median houshold income). All are adjusted for inflation and NO source claims that the median is losing money, at least none that I've seen.
interstate317 1 year ago
yeah republicans don't think poor people are people, that is why they want the rich to get richer because they are already rich themselves
DeagleBeagle 1 year ago
@DeagleBeagle
this kind of disinformation is truly typical liberal propaganda
A very large majority of the very rich people in America, like the group of billionaires Buffett and Gates have assembled to donate to charity are LIBERALS and DEMS, NOT REPUBLICANS
genie0390 1 year ago
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@genie0390 "A very large majority of the very rich people in America, like the group of billionaires Buffett and Gates have assembled to donate to charity are LIBERALS and DEMS, NOT REPUBLICANS"
I'm not doubting you but can you give me a source for this statement? I never knew that a vast majority of the richest Americans are liberal democrats.
worldsavy 1 year ago
Let me help the people who don't understand(including Cenk). They take a company they own and basically become landlords to somebody else. It's run independent from the actual company and they take a piece without paying any of the expenses, lowering the salaries and profits for the people actually doing the work. They have the money so they have all the leverage.
eliosh 1 year ago
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eliosh 1 year ago
America had the highest standard of living for the average American when taxes on the rich were 90 percent. Every tax cut in the last 30 years has resulted in the rich taking the money and using it to move plants and factories to communist countries. There should be a 50 percent estate tax on all these bums who inherited all their wealth from daddy and never did an honest days work in their lives.
battlecreekonline 1 year ago 31
@battlecreekonline You are all too correct
ziggy8392 1 year ago
@battlecreekonline
the reason companies move plants and outsource labor is because unions in America have driven our labor rates sky high, not because rich were given more money.
it's a favorite ploy by dishonest Dems to buy your votes by claiming they will get at the rich, knowing that most people dislike the rich due to a constant culture war they promote
genie0390 1 year ago
@battlecreekonline 90% in a multipolar and hypercompetitive world, is nonsense. It was justified after world war, to pay debts, but not today.
xaviqaz 1 year ago
@battlecreekonline Every country, mainly those still in development, has an internal fight to reduce their taxes. Who is ingenuous enough to believe that this fight is willing to reduce poverty?
guircosta 1 year ago
@battlecreekonline The last time income rates were that high was the early 1950's. The standard of living for the average American has risen considerably since then.
studentofsmith 1 year ago
The guy on the right is insanely arrogant and shows alot of why the super rich should be taxed. unbelievable !!
jeskao3 1 year ago
@jeskao3 the guy on the right was dylan rattigan, and he was playing a bit of a devils advocate. He and Cenk share alot of the same views, however Dylan was posing possiblities "the rich" could (and probably would) take even in the even their taxes were raised to still keep as much money as possible.
maxdecphoenix 1 year ago
@jeskao3 he's just playing the devil's advocate... but he is representing some of the key point the 1% make, perhaps not out in the open but yeah, lol
birthdaynick80 1 year ago
Did Cenk just say "Blackstone buys a company like Crack."?
LeLimeLine 1 year ago
ah truth...I like it
gunsmonkey22 1 year ago
This has been flagged as spam show
How a nation comprised mostly of people who can hardly afford to eat at McDonalds could EVER be sold on a bunch of millionaires and billionaires getting tax cuts at all is just insane. That they're expiring and there's even a debate that anyone with a bit of shame would take up for extending them is absolutely comical. No shame, meet no brain.
john176900 1 year ago
IS YOUR NAME "Cenk" or Glenn Beck Jr.????
BoyJay2009 1 year ago
Maybe what we need is total collapse of the dollar. Put everybody on equal footing. Obviously the reason that the middle class don't have money isn't taxes, but the fact that the wealthy hold so much of it and put such a small percentage of their holdings back into the economy. We need a law that says any net worth held over $100,000,000 goes to the government at the end of the year where it is fed to the middle and working classes. That would jump start the economy.
jstutz2003 1 year ago
Why do we have to raise taxes? If you tax something, there less of the something you are taxing. I don't know about you but i don't mind rich people around.
saper321 1 year ago
Yahoo news says TYT made $112,000 last year.
KnightKu 1 year ago
@KnightKu No, that's $112,000 from YouTube. Remember, they have contracts with Sirius, GoDaddy, Netflix, and the membership fees from their website.
z0mgz0rs 1 year ago
Loved Dylan playing Devil's Advocaat (sic).
BigMrFirebird 1 year ago 2
Income Tax cuts DID NOT CAUSE economy to go down the drain!
Proof: No matter how bad the shit hit the fan, the Federal Government still was and is paying for all its expenses.
Sure, it's paying by increasing debt, so it CAN'T pay for debt, but the debt was NOT called yet! So nobody saw a slump in economy because of decrease in income taxes yet.
It's a ruse, the reason why economy is fucked is because people don't produce anything because they have no money to run businesses due to high taxes.
romanmir01 1 year ago
@romanmir01
You think the lowest taxes in the short history of the country are "high taxes" and that caused businesses to lost profit? Do you even know what you are saying? They have the lowest taxes and they STILL pocket all the fucking profit. They have no incentive to create more jobs.
PzownedProductions 1 year ago
@PzownedProductions Lowest taxes in history? Get your facts straight. Before 1913 USA didn't even HAVE federal income tax, so there, proof by example, QED.
But I am not here to compare apples to oranges, the USA was a NET EXPORTER during its higher tax years.
TODAY USA IS A NET IMPORTER and a NET DEBTOR. THERE ARE NO JOBS.
How can you tax people's income in a situation where they need to save to creates small business jobs - the only real jobs?
Still, tax cuts did NOT cause economy to fall.
romanmir01 1 year ago
@romanmir01
So since there were no taxes before, there can be no "lowest" tax cuts? Does that mean that you can't be at your poorest when you're 45 because when you were 5 you had no income and thus can never be "poorest" unless you're back to 0?
PzownedProductions 1 year ago
@PzownedProductions
Are you subscribing the ideology by Cenk that tax cuts caused this economic failure?
Because you have to get your facts straight, tax cuts only affect government's ability to pay for its expenses and government did NOT cut any expenses even in 2008, it only increased them, so it's paying for them.
Sure, it's paying with debt, but there was NO cuts to expenses, so tax cuts are a non-issue, they never caused anything to change at all YET.
romanmir01 1 year ago 2
@PzownedProductions So the other part of Cenk's ideology is that government needs to collect more taxes and DO WHAT WITH THAT?
Government does NOT have an issue with too little money, it has too much money, it's printing cash and t-bills and bonds, and idiots across the world are still buying US debt obligations. US Government has no problem with cash. The debt is growing, but NOBODY asked for the money back YET.
So what is this about then? It's just a talking point for personal gratification
romanmir01 1 year ago
@PzownedProductions
My point is valid: in times of no jobs taxes must be cut. What are they taxing? How can they bleed a stone?
But the reason, best reason to get rid of income taxes completely right now is to allow people to SAVE THEIR CASH to be able to INVEST and create small business JOBS.
I don't care about the richest, but you can't cut taxes for all except the 1% on top, they'll corrupt the government more and will move capital out, it's a retarded ideology.
romanmir01 1 year ago
@romanmir01
Ironically, through the arguing, we've reached the same point: Taxing the rich is economically sound. Our means may be different but at least we seem to agree on the end.
PzownedProductions 1 year ago
@PzownedProductions I NEVER had a reason to CARE about the richest 1%! What are you talking about? Look at my posts below, I have an entire essay here explaining this.
Search for this: "My name is Roman"
My point is that all income taxes must be cut for the middle class, which must start saving and producing jobs, but I have a valid REALISTIC argument that trying to tax the rich too much will end up worsening the situation in terms of corruption and lack of capital.
romanmir01 1 year ago
@PzownedProductions It's like it's an insane land.
People are arguing about taxing more to give more CASH to government, which is printing and borrowing all the cash it needs, while the actual problem is not lack of cash, but lack of jobs, for fuck's sake.
romanmir01 1 year ago
@romanmir01
Ironically, all these old-timer fucktards keep referring to the "Golden Age" of the 50's and shit, which is when the rich were taxed high as fuck.
PzownedProductions 1 year ago
@PzownedProductions It's a misconception that anybody was actually PAYING those insane 90% taxes, can ANYBODY fucking separate REALITY from MAGIC?
Nobody was paying those taxes because nobody would be stupid enough to take that kind of money out of a business and declare it as personal income, when all they had to do not to pay the insane taxes was to take DIVIDENDS!
Fuck.
romanmir01 1 year ago
Comment removed
romanmir01 1 year ago
Nobody should be taxed
welck74 1 year ago
@welck74
lol
bevon17 1 year ago
I like Dylan Ratigan. Good questions. Perfect answer. The more people who are employed, the more money you will make. You don't want to fire people who are making you a profit, if your goal is making profit. The more you tax the rich, the more they'll spend on tax deductible items like business which will make more money than just paying income tax. So it's a win-win situation by putting the money into business. Help the economy and feed the business for more profits.
soulsurfer69 1 year ago
Giving money to the rich does NOT create jobs.. it only creates more jobs to be shipped overseas :P. My god you tell the rich that their taxes will increase it's like telling them to break their arm! The fact of the matter is they'll still be plenty wealthy even if the government decided to reiterate the old fashion tax rates to the upper class. So stop the bitch fit you rich snobs and go back eating your caviar!
jayops 1 year ago
I am loving Cenk on MSNBC, I hope TYT gets a spot on Cable. I just hope if it happens that they don't lose their essence.
p00j2620 1 year ago
Every assclown in DC is a millionaire!!!! You can start with them!!!! Chunk!
Mrcharliebobo 1 year ago
You all achieve massive success at completely missing the point...Should there be taxes at all is the proper argument, but you all just buy into the lie and your subsequent rambling about who and how much see the lie continue unchallenged. it's all distraction from the real issue and evidently it's working perfectly...enjoy your continued misery...
ObservationaLee 1 year ago 4
@ObservationaLee so who will pay the police and the fire dept the board of ed the judges and the light bill for the street lights and the traffic???i don't know about you but i am kind of used to living in a civilized society.
cjfilmproductions 1 year ago 3
@cjfilmproductions ObservationaLee is talking about federal income taxes. Police Fire dept, street lights, schools..... basically all citizen services are state government unless it effects all states equally like military & mail. you would still have a civilized society even if you didn't have a federal government.......although maybe not for long without a military.
davidpark68 1 year ago
Don't tax the higher race. Remember, those that have a lot of money have greater souls then simple puppets like you. You have to bend over and let them enjoy themselves, because if they don't enjoy your rear end they will send you to Hell.
It is in the Bible: "A poor person can only go to heaven if a rich more valuable person morally accept such an act; only those that have performed enough services for the rich will see the kingdom of Heaven" - Job 6:66
GnosticAtheist 1 year ago 2
@GnosticAtheist not much up on the bible, are they talking about rich & poor economically or spiritually?
davidpark68 1 year ago
@davidpark68 I made it up as the opposite of what the bible actually says. It says simply "it is easier for a camel to go through the eye off a needle then a rich man to go to heaven".
GnosticAtheist 1 year ago
MSNBC is trying to pull Cenk for the TYT crew. Its a conspiracy, a C-O-N...spiracy.
TheMotherfer 1 year ago
Other 1st world nations manage with higher taxes for the wealthy.
jotunobsidianeyes 1 year ago 2
This fucking idea that the PERSONAL income of a CEO or executive dictates how their COMPANY manages ITS OWN separate income is ridiculous and is really starting to piss me off. The money to hire more people does not come out of a CEO's pocket. If Kraft the company is doing well, and multiple people think it is profitable to expand, then they will hire, regardless of whether the CEO takes a pay cut. That concept applies to small business owners who don't make millions in the first place.
Sonnera 1 year ago 7
"are poor people actually people?" HAHAHAHAHA
famousmanbearpig 1 year ago 39
@famousmanbearpig HAHAH I love that line. LOL
Stingerbillion 1 year ago
@famousmanbearpig
They are 1% people. Rich people are 99% people
benkenser 1 year ago
@famousmanbearpig : Yeah, like.. WTF was THAT all about???
SrLaberynto 9 months ago
Cenk was in good form during that clip.
mishyprizes 1 year ago 3
@LibertyRadical He's said time and again capital gains tax is laughably low.
danmarg83 1 year ago
@DisturbedHavok YES!!! Why don't people get this???
danmarg83 1 year ago
I used to think this way, Milton Friedman changed all of that for me. The one thing he said that I will never forget was that there were four ways to spend money.
1.YOU spending YOUR money on YOURSELF
2.YOU spending YOUR money on SOMEONE ELSE
3.SOMEONE ELSE spending YOUR money on YOU
4.SOMEONE ELSE spending YOUR money on SOMEONE ELSE
The best bang for the buck and least wasteful will ALWAYS be 1 and 2. Number 4 being government spending. No one gives a sh*t.
AroundSun 1 year ago
Unlike you all. The rich have the ability to get up and move just about anywhere they want in the world. Taking their money and business with them. Over tax them and they will leave.
Raising taxes is stupid. Cut spending instead.
st4ticblu3 1 year ago
Wrong! WAKE UP you FOOL, thanks to outsourcing, American workers must compete against Chinese garment workers making approximately 86 cents an hour & Cambodian garment workers making approximately 22 cents an hour.
Rich investors prefer poor populations. The poorer you are, the harder you will work for less. Because the poorer you are, the less equipped you are to defend yourself against the abuses of wealth.
Stop buying into this free market bullshit, the rich don't give a fuck about America.
tannersanta 1 year ago 47
@tannersanta a fellow socialist i see? non? if not at least liberal :D (thts proper liberal)
DomhnallX50 1 year ago 3
@DomhnallX50 Yes I am a democratic socialist indeed and VERY VERY VERY proud of it!
tannersanta 1 year ago 4
@tannersanta You are saying Rich Investors Prefer Poor Populations because of lower wages?
Do YOU BUY MORE EXPENSIVE OR LESS EXPENSIVE SHIT?
Because if you always buy more expensive stuff when presented with a choice, then you have a point, otherwise, SHUT THE FUCK UP!You are JUST AS GUILTY FOR CHOOSING LESS EXPENSIVE CRAP MADE IN CHINA.
romanmir01 1 year ago
@tannersanta thank god anyway, someone has some sense, I am socialist aswell but only as a route to communal anarchism, which is truely the internationale ideal :D
DomhnallX50 1 year ago 2
@tannersanta don't sweat it, the governments fixing all that......after they're finished running up the debt, inflating the money supply & devaluing the dollar you too will be a Zimbabwe millionaire........... of coarse it will just be a pretty piece of paper with lots of 0's on it worth about 86 cents but look on the positive side, at least we'll be able to compete with Cambodia & China for those manufacturing jobs.
watch?v=0-ZZFmKFk1s
davidpark68 1 year ago
Govt. cant fix shit, bcuz there is nothing to fix.
Just because the system does NOT work for the majority of people it does not mean it does not work at all!
FACT: Despite the financial crisis the rich keep getting richer while mass poverty grows faster than the world population.
The system works indeed, but ONLY 4 a wealthy few who control it & seek nothing but a plutocracy, government & the fear propaganda of ur money being worthless are just 2 of the many weapons in their arsenal. WAKE UP!!
tannersanta 1 year ago
@tannersanta that's the problem, the government created a class of voters dependent on tax dollars. as long as they promise more entitlements, government jobs or government contracts they get reelected. I guess they never thought about what would happen if they couldn't tax or sell our debt to cover their promises. the only thing they can do now is to monetize the debt. ask a left winger what that means & you get the deer in the headlights look followed by "it's bushes fault"................
davidpark68 1 year ago
@davidpark68
You're absolutely correct...it is Bush's fault. For the greater part of 2000-2008, the conservatives had free rein to try out their theories...ie cut taxes for the rich, start a war just because you want to, and deregulate the free market. Their little experiment (at our expense) put the country in the toilet. Now they're running around screaming that it's all the Libs fault. BS.
momzacarp 1 year ago 4
@momzacarp you do know that Neocons are republican progressives, yes? "cut taxes for the rich" & increased spending. Agreed, Bush increased the size of the federal government & entitlements but instead of taxing he increased our debt...Obama is Increasing the size of government, increasing taxes & maxed out our debt. "deregulate the free market" you mean repealed the Glass–Steagall Act then bailed out wall street bankers when they got themselves in trouble..........
davidpark68 1 year ago
@davidpark68
Please give one example of Obama raising taxes. He lowered taxes for everyone who makes under $200,000 a year.
Bush encouraged people who couldn't afford to buy a house to do so, saying that "everyone deserves to live in a beautiful home" at the onset of the subprime mortgage fiasco.
momzacarp 1 year ago 3
@momzacarp increasing the money supply is the worst of them all because it sells future tax debt so not only does it increase taxes but we also have to pay the interest & that's the best case scenario. if we print the money to pay the debt then we devalue the currency.
artificial interest rates & easy credit encouraged people who couldn't afford to buy a house to do so. oh, don't forget Bush's answer for 911 was for us to go shopping.
davidpark68 1 year ago
@davidpark68
You make valid points that both sides share responsibility for this mess. Where do you stand on letting the Bush tax cuts expire?
momzacarp 1 year ago
@momzacarp by saying "letting the Bush tax cuts expire" you assume the government owns your property & it's doing you a favor by allowing you to have some of it. Obama isn't "letting the Bush tax cuts expire" he's raising taxes.
"The democracy will cease to exist when you take away from those who are willing to work and give to those who would not." Thomas Jefferson
we are seeing the collapse under our entitlement system. politicians buying votes with tax dollars.
davidpark68 1 year ago
@davidpark68 Another quote from Jefferson:
"Another means of silently lessening the inequality of property is to exempt all from taxation below a certain point, and to tax the higher portions of property in geometrical progression as they rise. Whenever there is in any country, uncultivated lands and unemployed poor, it is clear that the laws of property have been so far extended as to violate natural right. The earth is given as a common stock for man to labour and live on."
revelwoodie 1 year ago
@revelwoodie this quote was taken from a letter from Thomas Jefferson to James Madison on Private Property. he was in France