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Panthro

Wealth Inequality in America

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So you agree with the problem?

Sort of. I don't have a problem with wealth inequality per se and many will argue it's not that bad of a think in a semi-capitalist healthy economy. The "solution" for wealth inequality is wealth redistribution.

What I have a problem with is opportunity inequality. Whether we want to believe it or not, some people are born without a chance. Fix that and I don't care that the rich are rich.

I just don't think tax policy and welfare programs are the solution to providing opportunity but I haven't written my thesis yet on what the true solution is.

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the problem starts with the anti-success mentality that pervades low income cultures

while i agree it's a problem, that mentality didn't fall out of the sky. institutional inequality didn't rise up to meet low expectations.

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wonder how that corresponds to people sitting around on their asses waiting for the government to fix their lives because they think they're entitled to it

Very little.

The reality is policies and laws have been written by those with money in a way that benefits them the most.

I learned from my accountant that I don't have to pay taxes on any of the money I got for renting my house for the DNC because of a law called the "Augusta Rule." Basically rich people that owned property in Augusta had tax law re-written so that if you rent your home for less than 10 days per year you don't have to pay any income taxes on it...because they all make a healthy amount of money renting their homes to golfers, sponsors, etc during the Augusta National Golf Tournament.

While that law doesn't contribute to the wealth inequality in the U.S. it is a very visible policy that clearly demonstrates policies put in place by the wealthy to benefit themselves. There are hundreds, thousands even, of other, lesser visible policies that have allowed the richest people in the country to vastly increase their wealth in the last 30 years.

I'm not sure how you fix the problem though and I'm not going to pretend like I have the solutions.

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I too saw this forwarded on facebook.

Err, I mean shared.

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Very little.

The reality is policies and laws have been written by those with money in a way that benefits them the most.

I learned from my accountant that I don't have to pay taxes on any of the money I got for renting my house for the DNC because of a law called the "Augusta Rule." Basically rich people that owned property in Augusta had tax law re-written so that if you rent your home for less than 10 days per year you don't have to pay any income taxes on it...because they all make a healthy amount of money renting their homes to golfers, sponsors, etc during the Augusta National Golf Tournament.

While that law doesn't contribute to the wealth inequality in the U.S. it is a very visible policy that clearly demonstrates policies put in place by the wealthy to benefit themselves. There are hundreds, thousands even, of other, lesser visible policies that have allowed the richest people in the country to vastly increase their wealth in the last 30 years.

I'm not sure how you fix the problem though and I'm not going to pretend like I have the solutions.

maybe do as much as possible to remove the ability to use taxation as a punishment/reward depending on the situation or behavior?

nah, we need to give government more control so they can continue to play favorites

as far as the rich getting richer, and the poor getting poorer, i see too many broke motherfugers with a 300$ cell phone and a 75$ a month bill as well as 200 cable channels, brand new vehicle, and internet to buy that load of poo

plenty of people made it without being born with a silver spoon in their mouth, and plenty of those that were ended up broke

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the problem starts with the anti-success mentality that pervades low income cultures

Where do you fall on the chart?

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Where do you fall on the chart?

someone that's just living their life. you just can't wait to section people off into groups and demonize them with propaganda

sorry, not everyone falls into a category bro

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