What part of the word "present" is hard for you to understand? If your point is that in the FUTURE everyone will be pulling in these radical pensions then say that. Because as of RIGHT NOW thats not the case.
Oh I'm sorry, you are right. The top 5% hold 68% of the wealth. Not 50%. Go back to your infowars spamming I even posted the graphics for you to make it easier...scroll up...
Anyways we are getting off topic. Pabst is right generally, pensions and government spending in general is out of control. But thats not my point. My point is what is the difference between redistributing wealth from the middle class (via higher tax rates) to the upper class (via lower tax rates) and redistributing wealth from the upper class (via higher tax rates) to the lower class (via lower tax rates). The only difference i see is that the "lower class" I was referring to contains 90% or so of the entire US population.
Getty Heir, LOL! The last time I talked with her, the daughter had just lost her job and was going into the family postal service legacy. Lot's of folks don't know how well the PO pays if you can get in over fifteen years. And it's just massive after you pass 25 years. My ex started there when she was 20.
Most Americans actually pay more payroll taxes than federal income taxes. http://www.taxpolicycenter.org/taxfacts/displayafact.cfm?Docid=230 <object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/3z_UrOKtjHk&hl=en&fs=1"></param><param name="allowFullScreen" value="true"></param><embed src="http://www.youtube.com/v/3z_UrOKtjHk&hl=en&fs=1" type="application/x-shockwave-flash" allowfullscreen="true" width="425" height="344"></embed></object>
A young woman was about to finish her first year of college. Like so many others her age, she considered herself to be a very liberal Democrat, and among other liberal ideals, was very much in favor of higher taxes to support more government programs, in other words redistribution of wealth. She was deeply ashamed that her father was a rather staunch Republican, a feeling she openly expressed. Based on the lectures that she had participated in, and the occasional chat with a professor, she felt that her father had for years harbored an evil, selfish desire to keep what he thought should be his. One day she was challenging her father on his opposition to higher taxes on the rich and the need for more government programs. The self-professed objectivity proclaimed by her professors had to be the truth and she indicated so to her father. He responded by asking how she was doing in school. Taken aback, she answered rather haughtily that she had a 4.0 GPA, and let him know that it was tough to maintain, insisting that she was taking a very difficult course load and was constantly studying, which left her no time to go out and party like other people she knew. She didnât even have time for a boyfriend, and didnât really have many college friends because she spent all her time studying. Her father listened and then asked, âHow is your friend Audrey doing?â She replied, âAudrey is barely getting by. All she takes are easy classes, she never studies, and she barely has a 2.0 GPA. She is so popular on campus; college for her is a blast. Sheâs always invited to all the parties, and lots of times she doesnât even show up for classes because sheâs too hung over.â Her wise father asked his daughter, âWhy donât you go to the Deanâs office and ask him to deduct a 1.0 off your GPA and give it to your friend who only has a 2.0. That way you will both have a 3.0 GPA and certainly that would be a fair and equal distribution of GPA.â The daughter, visibly shocked by her fatherâs suggestion, angrily fired back, âThatâs a crazy idea, how would that be fair! Iâve worked really hard for my grades! Iâve invested a lot of time, and a lot of hard work! Audrey has done next to nothing toward her degree. She played while I worked my tail off!â The father slowly smiled, winked and said gently, âWelcome to the Republican party.â