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Kasz216 on 05 May 2009
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ManusJustus said:
Kasz216 said:
txrattlesnake said:
I really don't think the Libertarian party has the interest of most Americans at heart, and from what I've seen most people attending tea parties are wasps.

I think this past election most people in America were so fed up with the rich get richer and the poor get poorer policy of the previous eight years that if only third parties were in the election, then the communist or a true socialist party would still have won.

Once again.  Not what happened.  Bush... best president at maintaining the Gini Coefficent since WW2.

If the GINI coefficient has anything to do with political and economic policy, then its obvious that America is doing something wrong while other developed countries are doing something right.  Also note that those other countries are much more liberal and left-leaning that Obama ever thought of being.

Some of the image was cut off, but Denmark and Japan have the best GINI coeficients.

It doesn't really.  Tax policy has little to do with the Gini Coeefficent.  As can be seen by Bush... who once again... best president for the Gini Coeefficent since WW2.

ALL Gini Coeeficents are rising... across the world.  It's fairly obvious why.  People with money, can take more risks with money... and those risks lead to more rewards. 

For example I couldn't bet 30 grand on an investment that has a 70% chance of paying off... and it pays off 10 to 1.  If I did and i failed...  I'd be bankrupt.

A rich guy however can bet on a few of these.  Raising income tax isn't really going to effect this since said investments aren't counted under income law. 

Make said taxes higher... and less people are going to be willing to invest... and gamble since the benefit to odds ration has shrunk... etc. 

Which is why such things aren't counted in income tax to begin with.  It's also why people like Warren Buffet can "cheat" the tax code and pay less then their income then there secretaries.

Raising income tax on the "rich" just penalizes upper middle class and buisnesses more then it does the investment guys who everyone is subsidizing.  Well that and all the stock funds and IRAs and such that middle america depends on for it's retirement.