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Liberty News ForumLNF Forums HerePolitical Opinion Page - The Hot Seat › Gross Income inequality in the greatest nation on earth
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Very Hot Topic (More than 25 Replies) Gross Income inequality in the greatest nation on earth (Read 1,956 times)
Maestro
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Re: Income inequality in the greatest nation on earth
Reply #130 - Aug 13th, 2019 at 6:51pm
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Ulysses wrote on Aug 12th, 2019 at 8:11pm:
That's because remedying gross income inequality is not the same as absolute income equality.


That's true. I would suggest that those who are concerned about this issue call it what you just did: gross income inequality. Using that phrase makes it much more clear what your concern is and where the remedy lies.

Complaining about "income inequality" leaves you open to the criticism that Rabbit brought up. Income inequality is, to be honest, absolutely necessary in a healthy economy. And the only other logical possibility is income equality, which would be a disaster.

People who rail against mere "income inequality" sound like fools because it's a foolish thing to oppose.

I know this leads me open to the criticism of pedantry. I don't care. Words mean things. We should be clear what we mean if we want people to understand our position and especially if we want them to agree with it.
« Last Edit: Aug 13th, 2019 at 6:57pm by Maestro »  

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Ulysses
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Re: Income inequality in the greatest nation on earth
Reply #131 - Aug 13th, 2019 at 8:34pm
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Maestro wrote on Aug 13th, 2019 at 6:51pm:
That's true. I would suggest that those who are concerned about this issue call it what you just did: gross income inequality. Using that phrase makes it much more clear what your concern is and where the remedy lies.

Complaining about "income inequality" leaves you open to the criticism that Rabbit brought up. Income inequality is, to be honest, absolutely necessary in a healthy economy. And the only other logical possibility is income equality, which would be a disaster.

People who rail against mere "income inequality" sound like fools because it's a foolish thing to oppose.

I know this leads me open to the criticism of pedantry. I don't care. Words mean things. We should be clear what we mean if we want people to understand our position and especially if we want them to agree with it.


OK, very well. I'll add "Gross" to the thread title.

  

 
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Archie
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Re: Income inequality in the greatest nation on earth
Reply #132 - Aug 13th, 2019 at 10:04pm
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Ulysses wrote on Aug 13th, 2019 at 2:46pm:
The answer is so simple even you, Archie, should be able to comprehend it.

Eliminate the tax write-off for executive compensation. Period.

It's actually LESS government interference.

Now, did you understand that?

Thump your right foot if you did.


Trump already did tighten it up. How come you don’t know that?
If you rent property and have to replace a furnace or air conditioner, you can deduct some tax money.
And also, compensation deduction?
Updated October 17, 2018. Generally speaking, the salaries, wages, commissions, and bonuses you have paid to the employees of your small business are tax-deductible expenses if they are deemed to be: Ordinary and necessary. Reasonable in amount. Paid for services actually provided,
And also note the date.

IRS Clarifies Its $1 Million Tax Deduction Limit on Executive Pay - SHRM


https://www.shrm.org/.../compensation/.../irs-clarifies-$1-million-tax-deduction....

1.      Cached
Aug 29, 2018 - On Aug. 21, the IRS issued Notice 2018-68 with much-anticipated guidance on changes made to the tax deductibility of executive compensation under Internal Revenue Code Section 162(m), particularly as regards performance-based awards. Stricter limits on deducting executive pay were ...



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