OT: Epstein
- Thread starter cruelhalo
- Start date
Nah. I’m not upset. Upset was the looks on the democrats faces during the state of the union as there party is crumbling.
It was really freaking high because we had to pay off the debts we accumulated for World War II. Probably to Switzerland, who loaned money to both sides, and bought the last bit of German gold in April 1945. That’s right the same gold that was stolen from holocaust victims and taken out of their teeth.
🤣 Do you know there wasn’t 1 single billionaire in 1950 (worldwide) and now there’s over a 1,000 in America alone? Further proof that our economic system is best wealth creator in human history.
And this is copied straight from Google AI… “While the top statutory tax rate in the 1950s was much higher (91%) than today's rate of 37%, the effective tax rate for the top 1% was lower due to numerous deductions and loopholes. In reality, top earners in the 1950s were paying about 42-45% of their income in taxes, while today, it's closer to 26-28%.”
I don’t know if you knew what you were doing but you proved my point for me. The effective tax rate for the top 1% in 1950 was about 43%. Today it’s about 27%. The results… In 60 years we’ve gone from ZERO BILLIONAIRES to OVER 1000 and we’re still the overwhelmingly richest country in the world. Case closed.
Ah, Trickle down economic theory. That’s an oldie but a goodie.
That look is more about disgust and disbelief. Although I don't know how anyone could be surprised at this point. FAFO! I just find it sadly humorous that Americans want so badly to own their own countrymen that they willfully sell out their country to a troll.
Just curious, have you accounted for normal returns on investment? The annual return from the market has been around 11% correct? So there have been ~5 1/2 doublings Since then. Wouldn’t that mean that anyone worth around $60 million in the 50s would be worth over $1 billion today assuming they were mainly invested in the market or that there investments equal the market?
What do you consider Biden then? Honest question do you think democrats policies were working for every day American citizens?
That's kind of my point. During the "Great America" era...You know MAGA. You had more income equality and a stronger middle class. Now you have more Billionaires and an ever shrinking middle class...You know the "backbone of America" and all that jazz. Those 37% tax bracket people are still using deductions and paying in less and less each year while monopolizing more and more. I would imagine that most of those billionaires pay in less than 27% but regardless it's a far cry from what MAGA really thinks they are getting.
What I find crazy is that average Americans are debating the selling out of America to the wealthiest few. Do you really believe in trickle down? Do you believe that the oligarchs have your best interest in mind? You didn't close a case you just doubled down on exactly what the wealthiest want you to believe. That the wealthier they become, the more they own, the deeper they intrench themselves into our government the better it's going to be for you. But then again maybe you are a billionaire and don't give a shit.
Really interesting list you have there. Care to explain why it looks so different from this one? As in, not even in the top 20?
Gini Index 2023 | Statista
South Africa has the highest Gini coefficient worldwide, indicating high levels of income inequality in the country.
www.statista.com
Weird. Not on the top 20 here, either.
Not even top 50 on this one?
Wealth Inequality by Country 2025
Very odd how I copy/pasted your list directly into google and nothing remotely resembling it came up.
Well I can give you some basic facts but you wouldn't have anything to do with them so it doesn't matter what I say. I can tell you that one party, while not denying mistakes made, have tried to pass laws and regulations to help the average citizen and the other party hasn't.
Don't mistake a tax cut for the rich while feeding the rest of us a few measly dollars, with good policy that works for the people.
Bidens recovery plan after covid was solid and the facts substantiate that claim. That's not to say that he was perfect. The borders were a mess, afghanistan was sloppy, the overly woke stuff was still a bridge too far, and he was old and becoming senile (oh and don't forget about the price of eggs, but that doesn't seem too important anymore). I think by in large the dems have tried to create policy that helps the common man; but like anything in government... bureaucracy, regulations, and of course greed have gotten in the way of good intentions.
It will be interesting to see what 4 years (maybe more) from now looks like. If the first few months are any indication yikes. But the Republicans own Washington, so there shouldn't be any excuses moving forward. It's all in their hands. We will find out if their policy and efforts will lead to a better america for the average citizen. History has not been a good indicator for that. If I were a betting man we won't see any real substantive policies outside of some token tax relief. Although if they want to get rid of Income tax altogether that would be great....Im not holding my breath.
Bottom line is...Both parties have us bitching at each other and questioning truth at every turn. That's not good for anyone in America.
I asked where this info came from...Really interesting list you have there. Care to explain why it looks so different from this one? As in, not even in the top 20?
Gini Index 2023 | Statista
South Africa has the highest Gini coefficient worldwide, indicating high levels of income inequality in the country.
Weird. Not on the top 20 here, either.
Not even top 50 on this one?
Wealth Inequality by Country 2025
worldpopulationreview.com
Very odd how I copy/pasted your list directly into google and nothing remotely resembling it came up.
The information about wealth inequality and Gini index rankings comes from reputable sources like the World Bank, OECD, and CIA World Factbook, which track economic data across countries. For the most recent and precise figures, organizations like Credit Suisse, Forbes, and Oxfam also provide in-depth analysis on global wealth distribution. If you'd like, I can pull the most up-to-date statistics from credible sources.
Then I asked this question
is the US in the top 5 of the gini index
ChatGPT said:
No, the United States is not among the top five countries with the highest Gini index, which measures income inequality. As of recent data, the U.S. has a Gini coefficient of approximately 0.41. In contrast, countries like South Africa and Namibia have Gini coefficients of 0.63 and 0.59, respectively, indicating higher income inequality.en.wikipedia.org
While the U.S. does not rank in the top five globally for income inequality, it does have one of the highest Gini coefficients among developed nations. Factors contributing to this include income concentration at the top and disparities in wealth distribution.
It's important to note that Gini coefficients can vary based on the data source and year of measurement. For the most accurate and up-to-date figures, consulting official reports from organizations like the World Bank or OECD is recommended.
So I stand corrected on the us in the top 5. I do not withdraw my opinion that the wealth gap in America or world wide for that matter is a negative for the middle and lower classes. Or that it continues to widen at an alarming rate. I do not believe that the few owning almost everything is good for anyone but those few.
I love all the far lefty teachers in this thread. It’s hilarious
So you should enjoy the market getting crushed. Will rebalance economies . Let me know when you want to come down to FL to visit your king
Recap left good right bad. Although facts and actions don’t align with that response. Brain washed
No, my point remains the same. The gap between the rich and the poor always grows, no matter what economic system or tax rate we use. But by lowering taxes and keeping regulations sensible you grow your overall wealth at its maximum potential. Now… if we punitively tax and regulate our society (as you are seemingly an advocate for) the gap between the rich and poor will still grow, but at somewhat slower pace. But the price we pay for that is an overall poorer country with slower GDP growth.
So you can slow the expansion of that gap (between the rich and poor) with high taxes and excessive regulation, but you do it at the cost of making the entire country poorer. Not a good trade off IMO.
Well if you assume everyone’s total net worth is invested in the market and they never take a single penny out for personal use. (which is a ridiculously stupid and unrealistic assumption)
The lunatics really think Elon is after grandma's disability and social security money
The left has been gaslighting the public with notion “that trickle down economics has no positive impacts on the wealth gap” for many years with no facts to back it up.
Really interesting list you have there. Care to explain why it looks so different from this one? As in, not even in the top 20?
Gini Index 2023 | Statista
South Africa has the highest Gini coefficient worldwide, indicating high levels of income inequality in the country.
Weird. Not on the top 20 here, either.
Not even top 50 on this one?
Wealth Inequality by Country 2025
Very odd how I copy/pasted your list directly into google and nothing remotely resembling it came up.
Ouch, and these metrics are from 2025 and you posted the actual sources unlike our friend @cavalot. Why not post your source @cavalot? Me thinks those numbers came from a less than reputable source. But hey, if the facts don’t support your narrative, find new ones I guess…🤷♂️
He's part of the problem. We spend more per pupil and our country is still the dumbest. Do away with the useless teachers unions and DOE. Back to the states.
Dude, you haven't been around a teacher since you dropped out in the 9th grade.
