Thursday, April 29, 2010
Wednesday, April 21, 2010
Tax, Income, Education and Government Spending
Marginal Tax rate of the top income earners (historical america)
notice how the federal debt spikes and stays highest during same years of high taxes
real median income has actually risen as the top tax rate has fallen...so no correlation to needing higher tax rates helping the average person..actually it might even hurt them (rich ppl and their companies create less jobs because of higher tax)
income determined by education...this is result of capitalism...no gov't program needed
so why are asians highest? and blacks and hispanics lowest? pretty sure there is a big correlation to their education level
yup...data confirms that asians have more education..direct correlation for personal wealth if looking at this chart and the above chart
biggest correlation is that all races earned more with more education...whites do make more but more important than race is education
what about unemployment and pay? capitalism rewards the educated and skillful...less unemployment and higher pay....its the one who don't have education who are hurt the most...if they don't want high unemployment and low pay, they should get an education, not beg the gov't to raise minimum wage
we now know that education is key...so is congress tackling the problem or not? chart below shows how little education spending there is...money is being wasted mainly on defense, health care (guessing medicaid + other programs), social security, and debt interest....they are doing nothing for the real problems...just boosting debt and making the problem worse by overspending on health care and defense mainly....cut out the bad spending and put money to work into education which boosts people skill's and the country's production and u will solve the main problems related to wage, unemployment, retirement wealth, and health care...ALSO NOTICE HOW EDUCATION SPENDING ACTUALLY DECREASED EVERY YEAR WHILE DEFENSE, HEALTH AND DEBT INTEREST HAVE BEEN INCREASING BIG TIME?
but note that income is not that lopsided....not nearly as bad as what i thought...
notice how the federal debt spikes and stays highest during same years of high taxes
real median income has actually risen as the top tax rate has fallen...so no correlation to needing higher tax rates helping the average person..actually it might even hurt them (rich ppl and their companies create less jobs because of higher tax)
income determined by education...this is result of capitalism...no gov't program needed
so why are asians highest? and blacks and hispanics lowest? pretty sure there is a big correlation to their education level
yup...data confirms that asians have more education..direct correlation for personal wealth if looking at this chart and the above chart
biggest correlation is that all races earned more with more education...whites do make more but more important than race is education
what about unemployment and pay? capitalism rewards the educated and skillful...less unemployment and higher pay....its the one who don't have education who are hurt the most...if they don't want high unemployment and low pay, they should get an education, not beg the gov't to raise minimum wage
we now know that education is key...so is congress tackling the problem or not? chart below shows how little education spending there is...money is being wasted mainly on defense, health care (guessing medicaid + other programs), social security, and debt interest....they are doing nothing for the real problems...just boosting debt and making the problem worse by overspending on health care and defense mainly....cut out the bad spending and put money to work into education which boosts people skill's and the country's production and u will solve the main problems related to wage, unemployment, retirement wealth, and health care...ALSO NOTICE HOW EDUCATION SPENDING ACTUALLY DECREASED EVERY YEAR WHILE DEFENSE, HEALTH AND DEBT INTEREST HAVE BEEN INCREASING BIG TIME?
but note that income is not that lopsided....not nearly as bad as what i thought...
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