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View Diary: I am the 2% (92 comments)

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  •  Finally.... (21+ / 0-)

    4. "What I don’t need are those on the left telling me to pay my fair share"

    Oh yes you do. We all do. This is a discussion that we as a nation have to have if the middle class is to survive....

    ...and trust me on this..We are doomed as a nation without a strong, vibrant and engaged middle class. Period.

    The comfort, coddling and continued protection of the top 2% at the expense of the rest of the nation isn't fair and isn't working.

    We all need to hear this and no, I'm not "backing off".

    Wonders are many, but none so wonderful as man.

    by Morgan Sandlin on Sun Dec 09, 2012 at 10:08:27 AM PST

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    •  ...and really finally... (21+ / 0-)

      What sort of dirt sandwich are trying to serve up to the individuals reading this site with this comment???

      "I owe my mother and my late father for my start and my wife for being there since . Everything else I earned the old fashioned way: hard bloody work"

      If "hard bloody work" was all it took most of the readers of DKos would be rich. Its not like they lay back and wait for it to roll in and then can't understand why this month's rent is a "maybe".

      People are working bloody hard every damn day, many times with multiple jobs, and guess what. Its not enough because the cards are stacked against them.

      Short hours, no health insurance, no retirement, low wages, AND THEY ARE WORKING AS BLOODY HARD AS YOU JUST TO KEEP THE HEAT ON AND DINNER SERVED.

      Gosh, if only they knew you had the secret...and they just have to work even harder. That third or fourth job will surely do the trick!

      Wonders are many, but none so wonderful as man.

      by Morgan Sandlin on Sun Dec 09, 2012 at 10:34:21 AM PST

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      •  Agree strongly with this... (10+ / 0-)

        Barring inherited wealth, financial success in life depends on the circumstances you grew up in - both in terms of parents, and educational resources available to you.  Research has shown that expectations placed on you are also incredibly important for education achievement.  Then there's how hard you worked in school, starting from elementary school (When you had other, much more important priorities than mere financial success, and likely weren't thinking much of a time 20 years in the future).  Then there's the field you choose...Teachers are highly skilled, hard working professionals, and our economic future is highly dependent upon their success, yet they are not proportionately compensated for this.

        Sure, hard work matters, too, but what happened during your formative years matters much, much more.  And hard work and education aren't a guarantee to financial success.  Heck, the cooks who prepare my lunch probably work harder than I do, with longer hours, but they're not as well compensated.

        The whole "hard work ensures economic success, so therefore poor people are all lazy" meme is false, and used repeatedly by right wing to attack the poor.

        I should add that I say this as a member of the top 2% in terms of personal income, or there abouts.

        •  And one other thing... (9+ / 0-)

          Investing money creates fewer jobs than spending money.  That's why taxing the rich and giving the money directly to the poor increases GDP.  I don't have the numbers in front of me, but reducing taxes on the rich increases GDP by something like 40 or 60 cents per dollar, while putting the money towards unemployment benefits increases it by something like $1.40, with middle class tax cuts being in between.

          Why is this?  Supply and demand.  Demand goes up, companies grow to meet the demand, seeking financing as needed.  Making investment cheaper makes it easier for companies to grow, and may slightly affect the rate at which they choose do so, but what works much better is knowing that there's more demand in their existing markets, not knowing they have extra money to look for new markets.

          More intuitively, you give a rich man a dollar, and odds are he buys some stock with it.  That stock was most likely not newly issued stock, but stock bought from another investor.  Basically your money goes into making that stock worth more money, which the guy who sole it uses to buy yet more stock.

      •  One thing I found rather interesting about (3+ / 0-)

        this "new user" is that he is already following Keith Olbermann (who hasn't posted here for ages). I wonder that a new recruit would even know about that feature. Maybe he's a fake!  ;-)

        „Wer kämpft, kann verlieren. Wer nicht kämpft, hat schon verloren.“ - Bertolt Brecht

        by translatorpro on Sun Dec 09, 2012 at 12:13:25 PM PST

        [ Parent ]

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