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The Middle-Class Squeeze; Falling Wealth, Rising Costs
Topic Started: Oct 27 2011, 10:01 PM (867 Views)
colo_crawdad
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Pat,

Why do you think that personally insulting other by accusing them of envy and anger advances your argument in any way? I remember well when you used to rail against such posting.
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Pat
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How else would you describe the angst and despair being posted on this board about this subject matter? My post reflects what I believe is the driving force behind the comments. If there is some other driving force, then let's hear it. Maybe I'm wrong, but there is certainly something driving what I believe to be silly notions concerning wages and wage disparity.
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Jim Miller
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colo_crawdad
Oct 28 2011, 12:32 AM
But, Jim, didn't you say it was
"stolen" from you?
Nope. Social Security was stolen from me. My own government is a thief. Imagine that. I never counted of Social Security as my "pension". I would have to trust my government for that.
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colo_crawdad
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And payments into you State Pension fund were totally voluntary, Jim? You could have worked at your teaching job and chosen to pay nothing into that pension fund? (I am asking because I really do not know. I do know that my payments into PERA were required by State law.)
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Sea Dog
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Jim Miller
Oct 28 2011, 12:47 AM
colo_crawdad
Oct 28 2011, 12:32 AM
But, Jim, didn't you say it was
"stolen" from you?
Nope. Social Security was stolen from me. My own government is a thief. Imagine that. I never counted of Social Security as my "pension". I would have to trust my government for that.
I guess Jim, I am in error.

As the Americans that I know consider Social Security a part of their pension package,
I thought that you would feel the same.
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Chris
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Pat
Oct 28 2011, 12:46 AM
How else would you describe the angst and despair being posted on this board about this subject matter? My post reflects what I believe is the driving force behind the comments. If there is some other driving force, then let's hear it. Maybe I'm wrong, but there is certainly something driving what I believe to be silly notions concerning wages and wage disparity.
I think you nailed the emotionalism behind modern liberalism (including social cons and neocons).

If some find that personally insulting, then they shouldn't take up such positions.
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Jim Miller
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colo_crawdad
Oct 28 2011, 12:56 AM
And payments into you State Pension fund were totally voluntary, Jim? You could have worked at your teaching job and chosen to pay nothing into that pension fund? (I am asking because I really do not know. I do know that my payments into PERA were required by State law.)
Yes, it was the same for me. I don't think the same way about State and local governments as I do the federal government that won't stick to the constitution.
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Jim Miller
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Sea Dog
Oct 28 2011, 01:00 AM
Jim Miller
Oct 28 2011, 12:47 AM
colo_crawdad
Oct 28 2011, 12:32 AM
But, Jim, didn't you say it was
"stolen" from you?
Nope. Social Security was stolen from me. My own government is a thief. Imagine that. I never counted of Social Security as my "pension". I would have to trust my government for that.
I guess Jim, I am in error.

As the Americans that I know consider Social Security a part of their pension package,
I thought that you would feel the same.
Nope. Spending money.
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campingken
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The middle class is the strength of this nation. When they are gone we will be just another 3rd world country were 1% controls 95% of the wealth.

Earned wealth is fine but a large share of the big money people made their fortune the old fashioned way, they inherited it.

PS, Sea get your facts straight, the Feds "stole" Jim's SS money and he was "forced" to join the teachers union.

Edited by campingken, Oct 28 2011, 01:20 AM.
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Pat
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Inherited wealth is taxed Ken. And if you for example inherited a million dollars and sat on it, or budgeted it out over your remaining years, their would be no further tax liabilities. The money must be put to work before it earns any tax liability. If you use the government as a middleman to redistribute wealth, imagine how much would never reach the intended target. It's better to expand overall wealth in the economy through individual initiative and productivity. Those with the best ideas and who add more value to the economy will increase overall wealth in the economy. As the overall wealth of the economy grows, then the inherited wealth either rises with the process or assumes a lesser percentage of overall wealth and wages. None of this is rocket science.
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