The Truth About the Economy in 2.5 mins - PowerStrokeNation : Ford Powerstroke Diesel Forum
 
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post #1 of 10 (permalink) Old 06-19-2011, 04:39 PM Thread Starter
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The Truth About the Economy in 2.5 mins

good to watch clears up most for us simple minded

http://youtu.be/JTzMqm2TwgE
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post #2 of 10 (permalink) Old 06-19-2011, 07:26 PM
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Re: The Truth About the Economy in 2.5 mins

Very oversimplified, but there is an important point made in that video.


Kinda ironic though, not too long ago people on this forum were blasting the idea of tax increases for the rich. I figured by now some of those guys would have come in this thread and called that video "liberal dribble".

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post #3 of 10 (permalink) Old 06-19-2011, 07:46 PM
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Re: The Truth About the Economy in 2.5 mins

I have know this for years!!! Just not all the detials.. The rich get richer and the poor get even poorer..


I will say this the union is not the trouble.. It what the goverment lets the union get away with is what the trouble is..

We work with the union every week on jobs. they get the job done and in good time. But when a plumber gets paid 30 to 40 dollars on hour. the same for electical workers.. Something is not right..

Infact out here the union is loseing work because they cant compet agenst the non union labor.. the union on averagr out here or 20% TO 30% higher for there bids!!! and some times more!!!

Federal and goverment jobs are a joke!! yea the commen worker get paid more. But it is still a joke..


I will add this to. Now the union thinks they are not getting paid good enough.. So they want a pay raise!!

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post #4 of 10 (permalink) Old 06-19-2011, 09:28 PM
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Re: The Truth About the Economy in 2.5 mins

Hmmmm...... something not right with that video. Wages are flat huh?????Thats funny right there. I agree, the rich get richer. Nothing new there. Union and non union have had huge wage increases down here. I will probably never be able to buy all the spin from just one video.

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post #5 of 10 (permalink) Old 06-19-2011, 09:41 PM
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Re: The Truth About the Economy in 2.5 mins

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Originally Posted by irontx25 View Post
Hmmmm...... something not right with that video. Wages are flat huh?????Thats funny right there.
You missed something important......... adjustment for inflation.

When you account for inflation, wages have held flat. In other words, we aren't really earning more than we did a few decades ago.

Now, what gets interesting is that when adjusted for inflation, personal wealth has INCREASED. Not only that, but individual purchasing power has also increased. There's a very simple explanation as to why.

Of course that's not discussed in the video. It was massively over-simplified. The only real points that were made clear is the tax rate that the super rich pay on average (far less of a percentage of income than what I pay and probably most folks here), the tax revenue as a percentage of GDP, and wages when adjusted for inflation. Sure those are some fairly key points, but there's more to it.

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post #6 of 10 (permalink) Old 06-20-2011, 03:50 AM
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Re: The Truth About the Economy in 2.5 mins

Oh so we are all to hate on the rich and those who have had the initiative to succeed in life. So we will penalize the hell out of them for doing so. So you say the rich lets say who makes $2,000,0000, @ the 15% he/she will pay $300,000 in taxes if you use his 15% level. So lets say you or I make $100,000. We will maybe pay $30,000 tops. That rich person has paid 10 times more than you and I. I am just using this as an example. Who pays your paycheck? Well for the most part, those who have wealth and for the most part have earned it. My boss is wealthy (we have $45-50 million dollar in sales annually). Look at all the taxes he pays and contributes to the economy. You remove his business, you take 35 full time employees out of the neighborhood, and look at all the tax revenue that will be lost.

The government needs to get out of the union business period. The union= government. Does anyone know Dumka Trumpka? That mofo is in Obama's left pocket.
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post #7 of 10 (permalink) Old 06-20-2011, 02:02 PM
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Re: The Truth About the Economy in 2.5 mins

Video is way to oversimplified. Misses all kinds of important factors

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post #8 of 10 (permalink) Old 06-20-2011, 03:07 PM
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Re: The Truth About the Economy in 2.5 mins

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Originally Posted by Binderpower View Post
Oh so we are all to hate on the rich and those who have had the initiative to succeed in life. So we will penalize the hell out of them for doing so. So you say the rich lets say who makes $2,000,0000, @ the 15% he/she will pay $300,000 in taxes if you use his 15% level. So lets say you or I make $100,000. We will maybe pay $30,000 tops. That rich person has paid 10 times more than you and I. I am just using this as an example. Who pays your paycheck? Well for the most part, those who have wealth and for the most part have earned it. My boss is wealthy (we have $45-50 million dollar in sales annually). Look at all the taxes he pays and contributes to the economy. You remove his business, you take 35 full time employees out of the neighborhood, and look at all the tax revenue that will be lost.

The government needs to get out of the union business period. The union= government. Does anyone know Dumka Trumpka? That mofo is in Obama's left pocket.
Aaaaaaaand there it is.....

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post #9 of 10 (permalink) Old 06-20-2011, 03:27 PM
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Re: The Truth About the Economy in 2.5 mins

The government loves big business and the poor. Their policies #### the middle class.

The government would love to institute policies to #### the rich but the rich can and do fend off such polices.

Until the middle class decides to defend itself we will continue to get ####ed.

Just because the middle class gets ####ed does not mean I am for allowing the government to #### the rich or in reality continue to #### the poor.

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post #10 of 10 (permalink) Old 06-20-2011, 09:51 PM
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Re: The Truth About the Economy in 2.5 mins

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Originally Posted by Pocket View Post
Aaaaaaaand there it is.....
Pocket, I am looking out for ya!!! I always have one finger in the pudding.
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