Income inequality is a national problem. CA is between Florida and Mississippi.
We do have a billionaire problem…we need tax rates similar to what it was under Kennedy/Johnson and Nixon.
You are correct. We have been straddled with Reaganomics over many Presidents and many congresses. I blame all of them, Dems and Pubs. it is a failed economic policy…(except for the very rich)
No, our healthcare system sucks…not the folks working in the system, the way we pay for it.
Medical bills make up 40% of people filing bankruptcy.
We are the only 1st world country where that happens.
We are #1 in that category!
Nonetheless
BEFORE Obamacare da poors were covered by Medicaid etc. Mcdonalds Walmart etc. got a free ride
AFTER Obamacare da poors who have full-time jobs are covered by their employers. Others are still covered by Medicaid etc.
No one had zero coverage then
No one has zero coverage now.
Obamacare did not add coverage for previously not-covered persons
It merely shifted some of them off a single-payer system.
That’s all it did. (Well taht and give a huge mega-welfare payout to the baby boomers.) It did not add coverage for the not-covered.
It isn’t so much that liberals critprogs are ignorant. It’s just that they know so many things that aren’t so.
Ronald Reagan
@Guilds is convoluting healthcare with health *insurance. *
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Confiscating even more money from the citizens will only drive those citizens from the state, taking their wealth outside of the reach of the state tax collectors.
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Exactly, the deductibles required before that “insurance” pays a dime for actual health care (a service) means that it isn’t actually economically any better for those who had no coverage before. Now they have a premium obligation, but are still on the hook for massive deductibles, well outside of their ability to pay. And before our progressive neighbors claim universal care will be free, taking an additional 20-25% of our total income in payroll taxes, to cover the cost of the universal coverage make it definitely not free.
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These economic royalists (Billionaires) complain that we seek to overthrow the institutions of America. What they really complain of is that we seek to take away their power. Our allegiance to American institutions requires the overthrow of this kind of power.
A number of my friends who belong in these very high upper brackets have suggested to me, more in sorrow than in anger, that if I am reelected they will have to move to some other Nation because of high taxes here. I shall miss them very much… but if they go they will soon come back. For a year or two of paying taxes in almost any other country in the world will make them yearn once more for the good old taxes of the U.S.A.
FDR 1936
Who said leave the country? They will just leave California for one of the truly free states that don’t seek to economically enslave them.
What if we raise the federal Tax rates…and close all tose loopholes. Where will they go?
No one needs anything close to Elon or Bezos money… Look at the influence they have over our pols.
it is dangerous. A democratic cannot function with so much mower and wealth in the hands of a few people
These economic royalists (Billionaires) complain that we seek to overthrow the institutions of America. What they really complain of is that we seek to take away their power. Our allegiance to American institutions requires the overthrow of this kind of power.
Ah, the obligatory reference to class warfare… Your little Red Book is showing.
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There you are definitely imagining things.
The economic royalists of today tend to be jackpot billionaires (Jobs, Gates, Musk etc.) who far from building a company piece-by-piece had an idea, raised money and hit a HR early in their careers.
In that regard they are little different than jackpot stories in muic and entrtianment. (Work really hard and be really por a few years, tehn et a big break and become rich.)
(more in a bit)
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That mindset (the one that develops from that)
- Tends to make people think the basic alws of economics don’t apply. (“I won by hitting the jackpot, that menas jackpots and lotteries are all it has ever been about.”)
and
- Tends to be hugely arrogant (“Since my ideas about a Midnight Taco ordering app worked so well all myideas are brilliant, I should use my brilliant intellect to fo the betterment of manking by commanding people to wear masks, drive smaller cars, eat bugs ands let men play in girls sports.”)
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Ah, the old playbook of equating taxing the wealthy with communism.
Weak effort.
There are about a dozen billionaires in the entertainment industry…there are over 800 billionaires in the USA.
Another weak effort.
Umm Notice I alsom mntioned types like Bill Gates (HINT: he is not a singer he is ntoe a dancer.)
I did not say “A lot of musicians and actors are billionaires.”
I merely compared the mindsets of the two groups.
The mindset:
“It’s not about building a buisness one store at a time, one property at a time. It is about getting a big break and hitting the jackpot like I did.”
If they had one hundredth of the wealth these billionaires had now, they would have enough to maintain their current lifestyles. So that is indeed the real question. Should the economy be controlled in large part by powerful individuals or should we rely on one all powerful government to control the economy. Before you default to the latter, remember that was the system of the old Soviet Union and Eastern European bloc nations.
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