Comments about ‘Gap between wealthiest travelers, everyone else has widened’

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Published: Wednesday, June 4 2014 12:00 a.m. MDT

Updated: Friday, June 6 2014 6:28 a.m. MDT

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Chris B
Salt Lake City, UT

Its their money.

They don't need to answer to me for how they spend their money any more than I need to answer to them how I spend my money.

Whether they themselves earned it or their parents and it got passed to them, either way its their money and I don't have claim to it.

Only a lazy person would look at a rich person who is already paying millions in taxes compared to a few thousand that I'm paying in income tax and expect the rich to pay even more of my share.

The rich guy and I use about the same govt resources and barack doesn't spend more money the more money the rich guy makes.

So theres no reason the rich guy should be paying even more for what I use.

Lets not be lazy and expect the rich to pay for what we use.

JoeCapitalist2
Orem, UT

Isn't this what the progressives want? Rich people distributing a bunch of their wealth to people eager to serve them. Every time some billionaire spends $50,000 a night for a vacation, that means a bunch of maids, drivers, personal trainers, and other service jobs make money. Same goes for all the expensive things they buy like cars, boats, planes, and houses. Somebody with a job has to make all that stuff.

Do we want all the wealth to "trickle down" or don't we? Or is it only good if the government takes it away from them without them getting anything in return?

worf
Mcallen, TX

Gap between wealthiest travelers?

Not everybody can afford trips to Hawaii or campaign dinners.

Just not fair.

cocosweet
Sandy, UT

Not sure what the point of the article is... Yes the wealthy act wealthy, spend what many would consider an extravagant amount, but that is their business. If the article is to point out that the extremely wealthy's wealth has increased far more than the average middle class person income, then it would be best to point out why that is (increase in stock market, very, very friendly hand picked board and company ego). Otherwise the article just shows how different the wealthy are from everyone else.

Schnee
Salt Lake City, UT

@Chris B
Is there any level of corporate exploitation of employees for personal gain that you have a problem with? Sweatshops in Bangladesh perhaps? What about the system in the middle east heavily used in nations like Qatar (notably of late for world cup sites), Kafala? Slavery (or would you just argue that room and board is more expensive than minimum wage, because honestly that wouldn't surprise me)?

JoeCapitalist2
Orem, UT

Schnee: Why do some people just assume that everyone who is wealthy got that way by running sweat shops in Bangladesh or by some other similar arrangement?

And why do they also assume that even in those exploitive situations that the workers would be better off if those places were shut down? Except for slavery, people tend to choose the best alternative available to them. In the poorest parts of the world, working in a "sweat shop" is 10 times better than rummaging through the garbage looking for food.

I would love for everyone in the world to have an opportunity to get a living wage for a good day's work. In a perfect world, everything would be fair but our current capitalistic system is still the best thing we have.

1978
Salt Lake City, UT

@Schnee

Why is it that liberals assume that when someone makes money somebody else is being exploited?

I work for a corporation where the CEO is very wealthy. Because he does his job well I have been able to keep my job and pay off my mortgage. Thousands of other employees in this country (and others) have done the same. I am very grateful for his skill and effort.

The stress and pressure of his job quite frankly would not be worth it to me. Even if you get to stay in five star hotels once or twice a year.

GaryO
Virginia Beach, VA

Chris B -

"Lets not be lazy and expect the rich to pay for what we use."

No. Let's not be stupid and expect something to work that has never worked.

And Reaganomics has NEVER worked.

Let's double the highest tax rate. That would take it up to 70 percent, still 7 percent lower than the high tax rate in 1969 when we fought the cold war and the Vietnam War, and went to the moon, and STILL had a budget surplus because we had adequate revenue.

The disaster that was Reaganomics is STILL with us. Reaganomics took a system that worked and left a mess in its place.

Let's reverse it, and actually do what works for a change.

Reality trumps an unworkable ideology.

Schnee
Salt Lake City, UT

@1978
"Why is it that liberals assume that when someone makes money somebody else is being exploited?"

I don't actually assume that (besides, liberals love Costco for example), I'm merely challenging the notion that there isn't any exploitation with regards to the corporate power brokers making an increasing proportion of wealth while workers seem to be treading water in wages. My apologies for being unclear; since two of you responded in a similar manner I clearly didn't do a good job with that.

JoeCapitalist2
Orem, UT

GaryO: Liberals love to quote the top tax rate 50 years ago and claim that rich people pay much lower taxes now.

The truth is, no one ever paid those top tax rates. When they got that high, everyone found creative ways to find tax shelters, push income into other years or categories, or just pay lawyers and accountants to find some way around the tax.

So it is completely a red-herring to suggest that real taxes on the wealthy were once 70%+ in the past. If government does find a way to make federal taxes above 50%, everyone will be a little poorer because wealthy people will move abroad or invest more in off-shore ventures.

1978
Salt Lake City, UT

@GaryO

"Reaganomics took a system that worked and left a mess in its place."

A system that worked? I was alive in 1980 and the system was broken. There is a reason that Reagan won two landslide elections including a 59% to 41% blowout in 1984 after Reaganomics had been put into place. Revisionist history will never trump actual history.

Here are some facts:

Inflation 1980: 14%
Inflation 1988: 4%

Interest Rate 1980: 21%
Interest Rate 1988: 9%

Unemployment 1980: 7.1%
Unemployment 1988: 5.5%

21 million jobs created under the Reagan.

As Reagan once said you are entitled to your own set of opinions but not your own set of facts.

Christopher B
Ogden, UT

@GaryO,

What "works" is irrelevant.

It would "work" for my financial situation if I robbed a bank or came to your house and stole your assets and sold them. That would "work" very well in improving my situation.

I guess based on your "logic" since that would "work" for me financially then its worth pursuing.

Great "logic"

Christopher B
Ogden, UT

@Schnee,

I don't feel sorry for someone making $8/hour when no on in the world is willing to pay them more than that. What this means is their skills don't merit anything more than $8/hour. It is irrelevant if the CEO makes $10,000,000 an hour - if the greedy owners of a company think that a certain person will make them more profitable by paying that CEO 10,000,000 an hour, then that's the right of the owners of that company. They can do what they want - its their company.

As for the 8/hour guy - he's free to go to another company whenever he wants. But again, if the greedy CEO next door wont pay him more than 8/hour then clearly that 8/hour guy wont help the company enough to justify paying him more. If he did offer more value - then the greedy CEO would gladly pay him more

GaryO
Virginia Beach, VA

Hey Joe Capitalist -

"The truth is, no one ever paid those top tax rates."

No one ever pays the top tax rates now, and that rate is down to a measly 35%.

Ever heard of the Buffet Rule? Look it up.

"The Buffett Rule is the basic principle that no household making over $1 million annually should pay a smaller share of their income in taxes than middle-class families pay."


Warren Buffet thinks it's crazy that his secretary has to pay a higher tax rate than he does.

Reaganomics is still in effect, and it's steadily pushing this nation closer and closer to ruin.

The less money you make, the lower your tax rate should be. The poor and middle class spend their money and get it circulating in the economy.

The rich, on the other hand, tend to hoard their money or spend it ways that don't put money back into the American economy.

A rich man's spending spree in Europe doesn't help America's economy. The money he spends for his Italian villa does NOT help America.

It's time to apply common sense again.

After 30 years of Reaganomics, WHERE are the jobs?

GaryO
Virginia Beach, VA

Hey 1978 -

" Revisionist history will never trump actual history."

That's exactly right. And actual history tells us that the economy contracted by 2% during the year after Reaganomics was enacted.

And then the economy recovered strongly. But the reason wasn't because of Reaganomics.

The reason for that economic recovery was that the price of world oil plummeted during the Reagan administration to less than 1/3 the price it had been during the Carter administration. And cheap energy stimulates the economy like nothing else.

You're not entitled to your own facts.

And the fact is that mere coincidence does not prove causality.

Reaganomics was implemented and a year later the economy started to recover.

I bought a used Chevy pickup at the same time and the economy started to recover.

The price of world oil plummeted and the economy recovered.

Lot's of coincidence there, but it was the plummeting price of world oil that caused the economy to recover.

Reaganism does not work now, and it has NEVER worked.

It was supposed to allow the so-called Job Creators to create jobs.

WHERE are the jobs?

dalefarr
South Jordan, Utah

Every gap between the wealthiest and everyone else has widened. No surprise.

GaryO
Virginia Beach, VA

Christopher B

“What ‘works’ is irrelevant?”

You say that because “Conservatives” can’t get anything to work in the real world.
I get it, and I completely understand why you feel that way.

PP
Eagle Mountain, UT

Great Associated Press story - or should I say typical. The gap between the "rich" and "poor" is closer than ever. Just look at the separation in the 20s and the farther back you go the wider the gap gets. Yet the crowd that finds a benefit in paring the two sides against each other keeps pumping out these opinion pieces without a shred of evidence to support them.

Guess what, a middle income person could rent a helicopter to fly them to a hotel and get the luxury treatment for a weekend if they want. 50 years ago or more that would have been impossible because they could barely make ends meet with one car and a 1000 sf home. And the current administration is driving us back to those days by "equalizing" us.

Lilalips
Attleboro, MA

I think its GREAT that people have money to spend. I do get tired of hearing about the "super rich". But since you have this pretty meaningless article here... They have always been with us and always will. In communist countries it is usually the top government officials. In capitalist countries it is private citizens. YAY for capitalist countries! Yay for the rich! We don't all want to be rich. It is a hassle to keep track of all that "stuff". It gets in the way of what is really important. But some people want that. Some people really value that. Good for them. I'm glad to see it happens the good old fashioned way still. Hard work and good luck. With communism and socialism.... someone is taking bribes in the government. That means the system is sick.

worf
Mcallen, TX

Some simple facts:

* All people in our country have the opportunity to succeed.
* Success are based on peoples decisions, and desire to work.
* People in our country are free to leave exploitation, and build their own base.
* Whining gets you nowhere, and will just turn you into a liberal.

Worf's law= Champions run alone!

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