BeAChooser
Banned
- Joined
- Jun 20, 2007
- Messages
- 11,716
However i do have to say that something does need to be done, maybe not socialism (even though i have to admit it would be better then where we are at now) something has to be done. Politicians, actors, directors, ceos etc make millions to billions of dollars every year (if not months for some) while the little guys bust thier asses off to make ends meet from paycheck to paycheck and still have taxes to pay. Some kind of cap of certain proffesions that doesnt really deserve the money they are making wouldnt be a bad idea.
Well I certainly hope you don't think the European socialists have the answer. Because they certainly have their privileged class too. In fact, income disparity in those countries is still just as great as here. Consider this. The Netherlands, which is often held up as a model by socialists (afterall, it has UHC!), still has a very lopsided distribution of income, despite the high taxes. The top 10 percent earn about 25% of the total income. The top 20 percent earn about 40% of income. And the next 20 percent earn about 23% of total income. Compare that to the US (http://www.heritage.org/Research/Taxes/images/9427120.gif and http://z.about.com/d/uspolitics/1/0/4/G/003_money_income.png ) where the top 5 percent earn about 22% of total income. The top 20 percent in the US earn about 50% of total income. The next quintile earns about 23%. In other words, the distribution of income between the two countries is rather similar. Also, about 10% of the Dutch live below the poverty line, which isn't all that different from the US (which has a much larger poor illegal immigrant problem). Some 14% of Dutch can't afford a week's vacation away from home (http://www.dutchnews.nl/news/archives/2010/01/dutch_unlikely_to_live_below_p.php).
Furthermore …
http://www.enotes.com/poverty-article
most poor American families own more luxury items and consumer appliances than average Europeans do. According to Human Development Report, the average per capita income in the Netherlands is $17,330, approximately three times larger than the per capita income of the poorest one-fifth in the United States. However, in 1994, nearly 93 percent of poor American families had a color television, almost 72 percent had at least one car, and approximately 60 percent had a microwave and a VCR. In comparison, in 1991 only 50 percent of all households in the Netherlands had a VCR and just 22 percent owned a microwave. Hence, as Bruce Bartlett writes, “Insofar as consumption is a truer measure of living standards than income, . . . many low-income Americans are far better off than their reported income suggests.”
The consequence of European socialist policies has been to make everyone poorer through substantially lower GDP growth over many years. The difference is now so large that the average American can buy all things that European governments supply for *free* and still have enough left over to take a nice vacation and/or buy a few toys each year.