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1) Real compensation for workers has more than doubled over the past 50 years, so that's a moot pointThank you. I'll accept it as a valid point.
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2) If a blender is a larger % of your income than a rich person, it benefits you much more than the rich person if the price of that blender goes down (assuming you need a blender - I would have used a fridge as a better example)You are missing the point. Yes, the price of blenders has gone down. So has the price of a 1950s yacht. More affordable technology isn't something that you only apply to working class people. It applies to rich people, too.
Secondly, its also cherry picking data. What they did was they took this graph, focussed on everything that got cheaper, ignored everything that got more expensive, and then applied that argument only toward middle class people and not toward rich people.
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3) The rich do take massive risks. And they make a lot of dumb investments, too (e.g. WeWork). Didn't you see my link about most families losing their wealth in 2-3 generations? The 1% isn't a permanent upper class.Being the dumb child of a rich person who blows away all of his money isn't a "risk" that deserves a tax break.
Regardless, its not even an argument. "Jeff Bezos is taking a lot of risk" with his 200 Billion (with a B) dollars means what? That he should pay no taxes? That he should pay some taxes? That he should pay less taxes than a single mother as a waitress? His kid will probably blow it all away anyway and therefore we should have a dumb rich kid tax shelter? Are you arguing the Bezos is at more risk of becoming poor than you or I?
What exactly is your point? Being extremely, in and of itself, isn't a risk.
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4) The backstop provided by the Fed is the biggest enemy of the working man and subsidizes too big to fail. End the Fed.How about this. There's lots of things that benefit rich people and lots of things the hurt rich people. Lets say that we stand for all of them, vote in the politicians who say they stand for all of them, and then when they only do the half that benefit the rich we say, "Well, at least they got it half right."
-----------------------------Baron Von Speedypants
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