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Comments about ‘Gap widens between U.S. rich, poor as top 1 percent controls 25 percent of wealth’

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Published: Tuesday, Sept. 27 2011 9:36 a.m. MDT

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10CC
Bountiful, UT

How do conservatives explain the views of Warren Buffett and Bill Gates, the two wealthiest Americans, who both feel the ultra rich are not taxed enough?

Are they also engaging in class warfare - against themselves?

Or are they rightfully concerned about the direction of American society... ie, higher & higher concentrations of wealth are not conducive to a properous society, overall.

Happy Valley Heretic
Orem, UT

It's because those two gentlemen Earned there money, and understand that it took many others for them to make their fortunes... unlike those who inherited it and have never lifted a finger for want and now want more for nothing.
Talk about a handout?

averageguy
WASHINGTON, UT

The real question here is where money comes from... There is no such thing as collective wealth. Money comes from creating value in the marketplace. Just because two people work the same hours does not mean they create the same marketplace value. No amount of government regulation or sympathy for the poor will create parity of wealth and a sustainable economy.

Government taxation and regulation can kill the few rich, but they will never elevate the whole class of poor. To create equal pay based upon anything other than what a free market economy says it should be will fail and reduce the wealth of the nation, both rich, middle class and poor as a whole.

A free market economy with low taxation, plenty of incentive to succeed and a big dose of self imposed charity by those blessed to be rich, along with an accountable determination of self reliance by the poor will work towards solving the wealth gap.

Brother Chuck Schroeder
A Tropical Paradise USA, FL

Toss the untra-rich under the bus, give all their money to the poor and middle-class. Their spending will jump-start-America. What do you get when you mix the GOP's shameless voter suppression, hyper-partisan gerrymandering, and other outrageous schemes to rig our electoral process?. You get proof. Proof that Republican state legislators have no respect. But we already knew they have no respect for the President or for their Democratic colleagues. Now we know Republican legislators have no respect for you, the voters, either. The rules of our democracy are not supposed to be abused for partisan gain. Our constitutional right to vote is not supposed to be attacked through frivolous new hurdles aimed at suppressing certain voters. None of that is what our founders intended. This is more than just the GOP's typical dirty tricks this is an attack on basic democratic values. The Koch Brother's sponsors of these shameless GOP schemes to suppress the vote won't go unpunished. We need to stop this radicalism today and start undoing the damage right-wing legislators are causing. Their proposed plan is to gerrymander the Electoral College.

Obama 4 more yesrs come 2012?.

We'll see.

My views.

peacemaker
Provo, UT

Old Story: Separate the classes to gain support from the masses. Used in past history to destroy the establishment of Free Governments.

Ronald Regan identified our need: "Cut taxes to starve government".

Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.
~ Ronald Reagan

atl134
Salt Lake City, UT

@jsf
"After a year of this, you now want to tax me at a higher tax rate, because I am earning interest on what I didn't spend and have more wealth than you."

Interest rates are so low you'd have to have tens of thousands of dollars in the bank before the capital gains tax affects you to any noticable extent. Plus you'd be charged taxes on the interest, not what you saved. That's new income for you being taxed at a lower rate than regular income.

peacemaker
Provo, UT

Lest we forget:

No arsenal or no weapon in the arsenals of the world is so formidable as the will and moral courage of free men and women.
~ Ronald Reagan

It is not my intention to do away with government. It is rather to make it work -- work with us, not over us; stand by our side, not ride on our back. Government can and must provide opportunity, not smother it; foster productivity, not stifle it.
~Ronald Reagan, First Inaugural Address, January 20, 1981

abinadi
Magna, UT

The rich get rich by exploiting and praying on the poor by exploiting their labor and paying low wages and then by selling goods and services to them at inflated prices. It is only right that they should give some of it back. We all live in a giant company, after all, and we buy our necesities from the company store. The purpose of a democracy is to keep the power out of the hands of the rich and powerful, who have it by default, and protect the rest of us from them.

KM
Cedar Hills, UT

This is the silliest debate that keeps on recycling and revisiting. The godly dems have framed the argument in the fashion that one group is mistreated and if the other group just would "pay their fair share" everything would work out for the collective US. I think that people know that its not just or fair to take anothers property from them. Its theirs. They earned it. Not you. Small children are taught not to steal other childrens toys just because you want it. Yet, some people never grow up and never stop coveting anothers toys.

abinadi
Magna, UT

Before the French Revolution, the upper crust owned all the assets in the entire country and the other 95% had nothing - not even a crust of bread. Crime was rampant because that was the only way people could survive - very much like Central and South America today. Why should 5% of the people own everything and the rest own nothing? Can anyone see the injustice of that? Is the US heading toward the same situation? I believe it is. Of course, it is our own fault for letting it happen. One only has to visit Wasatch Junior High one day and Westlake the next to see where things are headed - who the educated upper crust will be and who will have the crust of bread. The rest of us ought to wake up!

Truthseeker
SLO, CA

Re:KM
Agree. This issue has been recycled and rehashed many times over.
Question. Do you believe it harmful to have a large imbalance between a smaller wealthy class and average Americans?
OR do you believe the disparity is exaggerated and no need to be concerned?
What do you think of the statistics presented, that there are fewer countries with disparity greater than ours?

Curious
BTW
(For the record, count me in the class whose taxes Democrats want to increase.)

Northern
Logan, UT

These comments are ludicrous.

Part of being in America means you too can be rich, but you have to stop buying all the crud that you don't need. 50 inch LCD plasmas, you don't need that cruise you don't need that Yukon you don't need a unlimited cell phone plan.

Being rich is just a choice. So take some accountability get up off your couch turn off American Idol and start a lawn mowing business.

worf
Mcallen, TX

LDS Aerospace Engineer,

I agree. Good comment.

UtahBlueDevil
Durham, NC

A government of democratically elected people that collects "taxes" to do the peoples work, or even pay for bonds approved by the voting public = stealing

Interesting

And I suppose the the imprisonment of those who break laws passed by these same elected officials equals slavery, or something like that.

Or do we just pick and choose what parts of the constitution we like, and claim those parts we don't like as illegal activities.

Understood.

the truth
Holladay, UT

I am stil waiting for a LEFTY to explain how making the rich poorer will change anything.

HOW will poor get richer?

HOW will the middle class get richer?

HOW does enriching the government fix anything?

How does rich liberal elite rule any better than the rich right?

How are poor any differnet under communism than they were under czars or the french aristocracy?

dependency on government is NOT and improvement.

If you take from the rich you will change the disparty gap, by making someone else pooer,

but poor and middle class are unchanged.

Enough with the LEFTEST lies, and explain how you are going make the poor richer not more dependent on government and a political party.

carman
Wasatch Front, UT

The key difference between rich and poor? A relevant education, that's what! We have 70% or more of the population who have no clue what it takes to provide real value in the marketplace. They either lack an education, or have wasted their time in college on largely irrelevant degrees. Even many who have reasonable educations don't know how to work hard, fail to focus on delivering real value to their employers and customers, and generally have an entitlement mentality - believing that if they show up to work and put in a half-hearted effort, that they somehow deserve a good lifestyle.

joecoog
North Las Vegas, NV

lds engineer
Seriously, 17 to 35 an hour is borderline poverty. Thats a joke. It basically comes down to the decisions we make. I make 12 an hour and work 40 hrs a week. My wife makes 13.70 an hour and works 25 to 30 hrs a week. We are deffinitely not rich but we are also deffinitely not poor and its because the decisions we make. We have one kid with one on the way. We own own home. We have two tvs with direc tv and dvr. We have internet. We have 2 lap tops and a desk top computer. We have two cars with no loans on them. We are able to max out my wifes company 401k match. We have a yellow lab. And earlier this year we bought a property that we pay 400 a month for and we are renting out on a 2 year lease at 650 a month. I beleive all these things poor people cant afford but the left will tell you that Im poor. What it comes down to is our choices. I make sure I dont overpay for anything

Hawkeye79
Iowa City, IA

Pagen | 3:47 p.m. Sept. 27, 2011
SALT LAKE CITY, UT
"When Republicans had control of the House, Senate and Presidency from 2000-2006 the national unemployment rate AND the national debt...doubled.
Clinton left office with 4.5% unemployment and Obama inherited...8.1%."

Silly Pagen. You're obfuscating the truth once again. Obama took over the presidency in 2008. In 2006, the unemployment rate was still under 5% (far from double the 4.5% rate, as you erroneously claim).

I willingly recognize that both parties share in the blame for our economic situation, but, factually, it was only after the Democrats took control of the House and Senate that the national unemployment rate DOUBLED.

Life's better without partisan blinders on. Come, join the rest of the thinkers who read more than just headlines. You might just like it!

carman
Wasatch Front, UT

To abinadi:

The rich aren't ABLE to exploit the poor. This is Marxist, leftist babble - nothing more. With few exceptions, the market determines the wages of the poor. It is simply that the poor have non-unique skills, little education, and often have other problems such as self-destructive habits or mental or physical health issues. The latter can and should be addressed via a social safety net and by local charities. The former issues are more difficult. Investing in education is a start, but focusing on reasonable access to education is much more reasonable than all the hand-wringing about equality of outcomes. We should focus on making the playing field as level as possible in terms of access to education, then get out of the way and let people determine their own success of failure via their choices. There is ZERO way to get to equal distribution of wealth because human beings by nature respond to incentives not to work.

FDRfan
safety dictates, ID

XelaDave | 11:07 a.m. Sept. 27, 2011
Salem, UT
We insist on voting like a rich person and then living poor- the great American paradox

Did you ever hit the nail on the head. You articulated my feelings so perfectly. I don't understand how so many LDS vote emphatically Republican but live as Democrats. Rush Limbaugh and Glen Beck are almost idolized.

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