I want an argument presented with storng conviction as to what to do about the wealth gap in the United States. I wish I had one, and maybe that is the problem, maybe no one knows what to do about the problem.
I think that is the real problem with this. I tend to be in the middle (more right than left) and see this same thing. I am interested to hear some options as well. I am not so certain that there will ever be a fair way to do this.
I'm kind of mixed on the capital gains stuff. Part of my mixed emotions of that is because I feel like at some point in my life I will have a serious concern about that. Right now its not an impact to me, but I think in time with investments, etc. I can see this being an issue.
Just because it may not be impacting me today doesn't mean I should ignore it. I think at varying times in our life we will be more concerned with certain elements of finance and politics and sometimes stuff is like toothpaste out of the tube. Once its out, you can't really put it back. I think that's why we have seen the capital gains go up and down over the years. We've seen "loopholes" created and then become normal practice.
I'm not so sure there is a clear and perfect path to this. The only path to righting this is probably a separate and unpopular path, which means, it probably won't change.
What if we reduced all politicians salaries to that closer to the 99%? And capped their political campaigns to that of the 99%?
Based on much of what I have been reading and seeing based on what has been posted here, is that the cutoff for the these thresholds are $150,000 and $400,000. If your household income is over $150,000 you are the top 9% according to RJ's money map. If you are over $400,000 you are in the 1%.
Senators make $174,000 per year. The President makes $400,000.
The way I see it is, that will never change, so this argument of the 1%'s is also an attack on politicians and considering staying in power is part of politics, they will do whatever to keep it.