uppityperson
(1000+ posts)
Send PM |
Profile |
Ignore
|
Sun Feb-10-08 02:21 PM
Original message |
Interesting graphic on how Americans spend money by 3 classes & who has what |
AX10
(1000+ posts)
Send PM |
Profile |
Ignore
|
Sun Feb-10-08 02:27 PM
Response to Original message |
1. K & R! Everyone should see this! |
uppityperson
(1000+ posts)
Send PM |
Profile |
Ignore
|
Sun Feb-10-08 02:45 PM
Response to Reply #1 |
Glenda
(1000+ posts)
Send PM |
Profile |
Ignore
|
Sun Feb-10-08 03:36 PM
Response to Reply #2 |
|
Edited on Sun Feb-10-08 03:38 PM by Glenda
i put this in the wrong spot
|
knitter4democracy
(1000+ posts)
Send PM |
Profile |
Ignore
|
Sun Feb-10-08 03:18 PM
Response to Original message |
|
This shows how sales taxes would hurt the poor far more than the rich, if I'm reading it right.
|
SoCalDem
(1000+ posts)
Send PM |
Profile |
Ignore
|
Sun Feb-10-08 03:21 PM
Response to Reply #3 |
4. The higher the income, the more "free stuff" one gets too.. |
|
A high school friend of mine got braces in exchange for the orthodontist's kid getting the use of a Mustang ..free.. her dad had the Ford dealership in town, and the Mustang was carried on the books as a "dealer car"..
|
knitter4democracy
(1000+ posts)
Send PM |
Profile |
Ignore
|
Sun Feb-10-08 03:34 PM
Response to Reply #4 |
5. I've never heard of that kind of thing. |
|
All the rich people I know never give away anything for free. Not anything, and not even to friends. Weird.
|
SoCalDem
(1000+ posts)
Send PM |
Profile |
Ignore
|
Sun Feb-10-08 03:36 PM
Response to Reply #5 |
6. no tax was paid on the "exhange"..tit-meet-tat |
Mountainman
(1000+ posts)
Send PM |
Profile |
Ignore
|
Tue Feb-12-08 11:15 AM
Response to Reply #5 |
11. There is a whole world of barter that doesn't involve money. |
|
Professionals trading services for services or tangible things. It is a barter economy where no money changes hands and no taxes are paid.
|
CTyankee
(1000+ posts)
Send PM |
Profile |
Ignore
|
Tue Feb-12-08 10:59 AM
Response to Reply #3 |
10. Sales taxes have pretty much always been regarded as a regressive tax. |
|
But good luck in trying to argue that point with a low income Republican. I truly don't know what they are smokin'...
|
Glenda
(1000+ posts)
Send PM |
Profile |
Ignore
|
Sun Feb-10-08 03:38 PM
Response to Original message |
8. How I interpret this is... |
|
Ok, I think this graph is confusing until you stare at it for 5 minutes. Possibly in the pink, blue, and black boxes, they could have put "after taxes/charity/education", where the final yearly net savings/loss are (which is found at the very right of the line graph as "financial flows"): lowest fifth: -$10,716 middle fifth: $2,395 top fifth: $47,171
People spend proportionately the same on categories, as their income level goes up except: - if you equate middle fifth with middle class, they are saving 5% of their income. Not a lot, is it? - wealthier fifth spends more on home, auto, and taxes. - wealthier fifth spends SOME on education, lower incomes almost not at all - lower fifth can't live on that income, and they might not be splurging proportionately compared to the other incomes - bottom graph - what we see, we want immediately - all of us. So maybe the lower fifth IS trying to keep up with the Jones's.
I'd like to see the other fifths as well.
|
grasswire
(1000+ posts)
Send PM |
Profile |
Ignore
|
Tue Feb-12-08 10:56 AM
Response to Original message |
9. is there a link to this on the internet? |
|
I want to print it out, but don't want to pirate without attribution and a link. Thanks.
|
DU
AdBot (1000+ posts) |
Wed Apr 24th 2024, 07:04 PM
Response to Original message |