couloir41 wrote:most wealth is generated from the honest toil...intellectual or manual labor...of employees for owners...so wealth is generated from the "sweat of laborers"...period
But where would the laborers have the means to produce the intellectual and manual labor if someone hadn't started the company? Owners/Presidents/CEO aren't simply riding the hard work of their employees. Most of them have had the vision to build a company and empower their employees to do great things.
couloir41 wrote:currently the gap between the wealthy and the poor is the widest it has ever been and it is growing...by the existence of the gap there is by definition a "caste" system in our economy (society)...there are many reasons for the gap but a major reason is because outsourcing among others...
I am not sure what your definition of a Caste system is, but by most definitions a wealth gap isn't the definition of a Caste system. A caste system is something you are born into and have no mobility among the classes.
For example:Caste systems are traditional, hereditary systems of social stratification(source
http://en.wikipedia.org/wiki/Caste)
couloir41 wrote:in simple terms if you make a lot of money you should pay a lot of taxes...because you use more resources...and as previously stated you can afford it...
While I don't disagree with the idea if you make more you should pay more tax as that seems pretty fair. However the wealthy do not use more resources. I would say the poor use more resources in term of medicare, welfare, public education, etc. That is a very blanket statement that I don't think you can say without a lot of further research.
couloir41 wrote:tax cuts...the middle class and lower class should received the bulk of future tax cuts...if those classes get a tax break it is spent almost immediately on goods that are in turn manufactured by the companies they work for and the owners get their cost profit...or return on investment...and indirectly...their share of the awarded tax break...and the economy rolls...simple...
Why shouldn't tax cuts work in the same fashion as tax breaks? Tax breaks should be proportional to the taxes you pay. In addition if you take your example of the impact on the economy the wealthy are more likely to invest their share of the tax break which inturn injects money into the economy, creates jobs, which trickles down to increase the money in everyone's pocket. Also, it allows for the wealthy to be even more philanthropic which takes pressure off of government programs and again the economy roles.
I was also going to take the Forbes 400 list and show GW just how many of those on the list came from a lower class and are now very wealthy. The idea that 90% of the top 100 inherited their wealth is inaccurate. I don't have time to break down the top 100, but looking at the top 10 there isn't one person that didn't improve their standing and make a lot more than their parents.
1 Gates, William Henry III Microsoft
2 Buffett, Warren Edward Berkshire Hathaway
3 Allen, Paul Gardner Microsoft, investments
4 Dell, Michael Dell
5 Ellison, Lawrence Joseph Oracle
6 Walton, Christy Wal-Mart
7 Walton, Jim C Wal-Mart
8 Walton, S Robson Wal-Mart
9 Walton, Alice L Wal-Mart
10 Walton, Helen R Wal-Mart
When the Walton Childern took over Wal-Mart it wasn't a multi-billion dollar company. They built on what their father started which was one small store. Michael Dell, Larry Ellison and Bill Gates all built their companies from the ground up and Warren Buffet came from a moderately wealthy family, but truly built his wealth on his own. The majority of the list reads that way. Take some time and get to understand the stories of these people, there are many incredible stories.