Tapate50
Well-known member
LOLGOP
Tax Bill
- Thread starter sturg33
- Start date
LOLGOP
goldfly
<B>if my thought dreams could be seen</B>
i don't think people with money are bad
if that comment was directed at me
and the models of stock prices were going along with expected growth
which it was
just like i said i'm not shocked prices have gone up with people in charge who don't care about anything at all as long as more money can be made as if they can eat and breath money
but you guys have your talking points that ya stick to
if that comment was directed at me
and the models of stock prices were going along with expected growth
which it was
just like i said i'm not shocked prices have gone up with people in charge who don't care about anything at all as long as more money can be made as if they can eat and breath money
but you guys have your talking points that ya stick to
sturg33
I
57 - please do answer this question
sturg33
I
Again - you don't know how to read charts. The dow's performance was the highest post-election run up since 1945.
Look at the graph from 2014 to the election. Complete stagnation.
It's OK to admit when you're wrong since you claim to love your facts so much
sturg33
I
57Brave
Well-known member
were things better in 1914 than in 1932?
or 1926 than 1956?
how's about the 1880's vs the 1960's
were these lyrics
We don't even care, as restless as we are
We feel the pull in the land of a thousand guilts
And poured cement, lamented and assured
To the lights and towns below
Faster than the speed of sound
Faster than we thought we'd go, beneath the sound of hope
better than Taylor Swifts 1989
Please, answer those questions
...............
you ask stupid questions for such a self assured smart guy
or 1926 than 1956?
how's about the 1880's vs the 1960's
were these lyrics
We don't even care, as restless as we are
We feel the pull in the land of a thousand guilts
And poured cement, lamented and assured
To the lights and towns below
Faster than the speed of sound
Faster than we thought we'd go, beneath the sound of hope
better than Taylor Swifts 1989
Please, answer those questions
...............
you ask stupid questions for such a self assured smart guy
57Brave
Well-known member
i believe the quote posted said "gutted" rather than wiped out.
Where "gutted" implies dying from the inside out and wiped out means, "wiped out"
Your own graphs and numbers show a wealth distribution heading to the upper middle and rich classes
and a shrinking of the middle and lower middle.
There is a segment of society that is benefiting from 1980's on policies, but it is not the majority middle classes
Not sure what else there is to say.
..............
Where "gutted" implies dying from the inside out and wiped out means, "wiped out"
Your own graphs and numbers show a wealth distribution heading to the upper middle and rich classes
and a shrinking of the middle and lower middle.
There is a segment of society that is benefiting from 1980's on policies, but it is not the majority middle classes
Not sure what else there is to say.
..............
Are there less aggregate poor people as a percentage of total population?
Are there less lower middle class people as a percentage of total population?
Are there less middle class people as a percentage of total population?
50PoundHead
Hessmania Forever
I hesitate to wade in this cesspool, but everyone needs to read the legend in the graph sturg33 posted. It's not the percent of the population in each class. It's the percent of income held by each class. I don't know if it's divided by quintiles or quartiles, but it appears to provide a description of where income is situated, not where individual groups of taxpayers are situated. Plus, the source is the Urban Institute, which has been attacking inequality for years so I highly doubt they would put something together that would undercut their argument. Here's a different graph that shows how income is distributed by quintiles. You can see it has been going up for the top quintile and dropping for all quintiles bellow that.
Julio3000
<B>A Chip Off the Old Rock</B>
hmmmmm
Let's look here.
In 1979, the lower-middle and poor made up 23% of people. That number has since shrunk to 12%!
Meanwhile, the middle, upper-middle, and rich has grown from 76.4% in 1979 to 89% today.
I know math is hard... but I'm seeing more people in the middle class, and less people in the poor. It just so happens we're graduating more and more people above than below.
Reading is no picnic, either.
I hesitate to wade in this cesspool, but everyone needs to read the legend in the graph sturg33 posted. It's not the percent of the population in each class. It's the percent of income held by each class. I don't know if it's divided by quintiles or quartiles, but it appears to provide a description of where income is situated, not where individual groups of taxpayers are situated. Plus, the source is the Urban Institute, which has been attacking inequality for years so I highly doubt they would put something together that would undercut their argument. Here's a different graph that shows how income is distributed by quintiles. You can see it has been going up for the top quintile and dropping for all quintiles bellow that.
Thank you for the clarification. That's a bad oversight on my part.
goldfly
<B>if my thought dreams could be seen</B>
sturg33
I
I hesitate to wade in this cesspool, but everyone needs to read the legend in the graph sturg33 posted. It's not the percent of the population in each class. It's the percent of income held by each class. I don't know if it's divided by quintiles or quartiles, but it appears to provide a description of where income is situated, not where individual groups of taxpayers are situated. Plus, the source is the Urban Institute, which has been attacking inequality for years so I highly doubt they would put something together that would undercut their argument. Here's a different graph that shows how income is distributed by quintiles. You can see it has been going up for the top quintile and dropping for all quintiles bellow that.
50 - thanks for the helpful clarification and for providing substance to an argument that 57 was incapable of doing. This is helpful and I definitely did not see the fine print.
But let's address the graph you posted. I think the goal of any society should be to move people up in classes, right?
So, by the logic, we want to move people out of the 1st and 2nd quintile, up to the 3rd, 4th, and 5th quintile.
In 1970, the lowest and 2nd quintile made up 14.9% of people.
Today, that number is 11.3%.
That looks like a substantial improvement of moving people towards the middle class, no?
Now, in 1970, the 3rd, 4th and highest quintile made up 85.2%. Today, that is now 88.6%.
By any metric, the lives of Americans in this country is better than it was in 1970.
So let's go back to LOLGOP's tweet... how can we look at this and say the middle class has been gutted? When the reason for that is people advancing to the next class? Do we not want that in this country?
sturg33
I
Thanks for joining us
50PoundHead
Hessmania Forever
Qunitile is total population divided by 5. The graph I posted shows that the share of income in the top quintile (top 20%) has improved and for all other quintiles it has dropped. People move in and out of quintitles (for every unit that moves to a higher quintile, a unit has to move down), but the income seems to be moving up and staying steady or declining slightly for everyone else (in real terms). I can't comment as to whether or not things are better than they were in the 1970s or not. Apples and oranges and a vast movement of the population from rural areas to the suburbs and exurbs.
sturg33
I
OK looks again you are posting about the share of income, and not about people. I quickly search for households:
While it's true that the "middle" households are shrinking, it's because more people have graduated to the "top."
You'll see the lower third made up 58.2% of households in 1967, and has since shrunk to 46.8% in 2015.
Meanwhile, the households making over $100K has tripled over that same time period.
The % of households making at least $50K per year has gone from 41.8% in 1967 to 53.2% today.
That's great news for the people of this country