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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: RMF who wrote (881826)	8/23/2015 1:44:16 AM
From: i-node	Read Replies (2) \| Respond to of 1577251

>> This whole income inequality thing BEGAN with Reagan. OMG. Can't believe you said that. The whole income inequality thing was rolling strong when TR decided to "bust" the trusts. The Rockefellers are worth $11 Billion today. When Andrew Mellon died his wealth was $50 Billion in today's dollars. No. It didn't begin with Reagan. That's absurd. The problem can't be solved by government because there will always be a Bill Gates or Elon Musk to muck up the works. Always. And just to put it in perspective, arithmetic gets in the way. There will always be SOMEONE who can out-earn everyone else. And that person will have $100,000 deposited on his or her behalf that he doesn't need to touch over his lifetime. It will average 8% after-taxes, compounded monthly. And there's $300 Million in a single 100 year lifetime on a measly $100K. You really can't confiscate everyone's wealth sufficiently to solve this problem without turning society into a country full of head-nodding drones.

To: RMF who wrote (881826)	8/23/2015 3:10:35 PM
From: Brumar89	1 Recommendation Recommended By FJB Read Replies (1) \| Respond to of 1577251

I well remember liberals pretending to care about income inequality long before Reagan. Re Reagan, with Volcker squeezing the economy with monetary policy to fight inflation, don't you think some fiscal stimulus via tax cuts to the economy was good? He made a point of splitting the Democratic Party in 1980 and gave us Reagan which left us with $18 Trillion in debt 35 years later. 35 years? You're worse than Wharf Rat who will cast off this mortal coil screeching RAAAAYGUNNNNN ..... and he's talking about when Reagan was governor. As for Ted Kennedy, he didn't actually split the Democratic vote since he gave up when he didn't get the party to nominate him. John Anderson DID try to split the Republican party though by actually running as an independent. Anderson was clearly trying to get Carter re-elected to keep Reagan out of office. But Kennedy and Anderson didn't matter ... Reagan won by a LANDSLIDE carrying 44 states.