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Occupy Bay street

The key quote in your post is " according to buffet" if you do a search for 2011 US tax rates you will see that the more you make the higher your tax rate percentage goes. The highest tax rate is triple the lowest one. Do some research don't just get excited that a rich guy claims the rich should be taxed more
$0 – $6,000Nil
$6,001 – $37,00015c for each $1 over $6,000
$37,001 – $80,000$4,650 plus 30c for each $1 over $37,000
$80,001 – $180,000$17,550 plus 37c for each $1 over $80,000
Over $180,000$54,550 plus 45c for each $1 over $180,000
Taxable income Tax on this income

that's for regular salary, not dividends.
 
+1. The ones griping against the protesters aren't really looking at the bigger picture I think. There isn't that much interest in a capitalist society of the kind that we have to enable people to become rich simply by hard work alone. That's not in the interest of the filthy rich who depend on relatively cheap labour and a pool of people to buy their products. We might not have really bad unemployment but we have a terrible case of UNDERemployment for many people leaving college and university and no, I'm not talking about people with media studies degrees or psych degrees. I mean people with solid science degrees etc. We live in a country where innovation and technological development are way below the international average because of a lack of investment. We will be overtaken by many developing countries soon if we're not careful. The status quo will lead us to become an international laughing stock. Many things need to change, I'm not sure if this protest might be the start of that change but at least some people are doing something.

It all comes down to the distribution of wealth and the dying middle class. The middle class is what makes a healthy economy and it is fading. The rich are seeing their profits go up while the middle class are having wage freezes and salary/benefit rollbacks. This war on the middle class needs to stop if we are going to change the slide. I've read several studies that show that for every dollar given to the poor or middle class almost all of it ends up being reinvested into the local economy. Where as the same dollar given to the wealthy doesn't help any part of the local economy.

I'm not a believer in tax breaks to corporations breed job creation. We have been working at this mantra for a long time and it sure as hell doesn't seem to be working. Corporations are getting richer and creating more low pay jobs and firing middle class income jobs. Its not working.
 
It does. You can get by (majority do) by not being that good in a math, but it's hard to do if your english, the official language, sucks. But I guess, it could be relative to some people ...

Two credits from math should be enough to prevent bankruptcy of your household and keep the boat afloat ... :)

It's simple, you cannot spend more than you take in. Left side (the income side) must equal or be higher than the right side ....

you would think the bankers had more than 2 credits in math (probably did some post secondary math too) yet they needed a bail out and they were back high on the hog and a number of investments were ****ed. If we need a bail out we're told **** you.
 
It all comes down to the distribution of wealth and the dying middle class. The middle class is what makes a healthy economy and it is fading. The rich are seeing their profits go up while the middle class are having wage freezes and salary/benefit rollbacks. This war on the middle class needs to stop if we are going to change the slide. I've read several studies that show that for every dollar given to the poor or middle class almost all of it ends up being reinvested into the local economy. Where as the same dollar given to the wealthy doesn't help any part of the local economy.

I'm not a believer in tax breaks to corporations breed job creation. We have been working at this mantra for a long time and it sure as hell doesn't seem to be working. Corporations are getting richer and creating more low pay jobs and firing middle class income jobs. Its not working.

+1 I can get behind these kinds of frustrations. The trend seems to be turning public opinion against unionized/gov't employees who still seem to have decent wages, benefits and job security. These are becoming rarer in the private industry, yet we're angry at the well-off employees rather than questioning the private corporations and how they are contributing to the shrinking of the middle-class.

I don't begrudge the protestors, but I sometimes feel that these important messages are getting lost due to their lack of a clear, consistent message. Other than "life sucks because of capitalism", what are they bringing to the table here?
 
nothing, they just need to wake up and get a job or go back to school

LOL....is that your version of wake up? If your really awake, you will see our jobs have left the country towards Asia because all the money printing that's been done has made it impossible to produce anything here. Going to school here is pathetic. You don't learn anything here other then the crap you need to learn to work for the man.
 
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It does. You can get by (majority do) by not being that good in a math, but it's hard to do if your english, the official language, sucks. But I guess, it could be relative to some people ...

Two credits from math should be enough to prevent bankruptcy of your household and keep the boat afloat ... :)

It's simple, you cannot spend more than you take in. Left side (the income side) must equal or be higher than the right side ....

I wish I could live in your black and white world. People in general are stupid and especially teenagers. With all the advertising out there, it does make it more difficult for the average moron. Not saying its not there fault, but it is understandable.

Learning and interpreting Shakespeare is irrelevant if you English sucks in the first place. Learning trigonometry will not keep you from bankruptcy.

I'm just saying that one credit taken in grade 10 for budgeting and running a household would be a lot more beneficial than reading Shakespeare.
 
I'm going to say something that's probably not going to be popular but anyway here goes. I'm a socialist really and I support what this protest is about. However, there's a big problem that contributes to this situation a bit and that is that the school system is broken. Everyone goes off to university now and gets a degree. The new baseline for higher education is a masters, everyone and their dog has a degree and the problem is that many with those degrees are complaining that they aren't getting the right job. While there are many students graduating that are underemployed there's a ton of students at university that would have been way better off in the trades or apprenticing if only they were guided that way in High School. instead everyone is told they are special, all the kids get 90's in high school and think they are geniuses, deadlines are ignored because it's the "participation" that counts so what kind of message are these young people getting? That they are all bright and everything will be handed to them on a plate? No wonder there's a ton of disafected youth, they had the wrong attitude to begin with, most of them have never experienced failure.

The main gripes of the protest are spot on about the redistribution of wealth but something also needs to be done about the way we educate people these days. Correct that and I think we'll be on our way to having a more equal society with a few tweaks at the very top of the food chain.
 
I'm going to say something that's probably not going to be popular but anyway here goes. I'm a socialist really and I support what this protest is about. However, there's a big problem that contributes to this situation a bit and that is that the school system is broken. Everyone goes off to university now and gets a degree. The new baseline for higher education is a masters, everyone and their dog has a degree and the problem is that many with those degrees are complaining that they aren't getting the right job. While there are many students graduating that are underemployed there's a ton of students at university that would have been way better off in the trades or apprenticing if only they were guided that way in High School. instead everyone is told they are special, all the kids get 90's in high school and think they are geniuses, deadlines are ignored because it's the "participation" that counts so what kind of message are these young people getting? That they are all bright and everything will be handed to them on a plate? No wonder there's a ton of disafected youth, they had the wrong attitude to begin with, most of them have never experienced failure.

The main gripes of the protest are spot on about the redistribution of wealth but something also needs to be done about the way we educate people these days. Correct that and I think we'll be on our way to having a more equal society with a few tweaks at the very top of the food chain.

I agree with your post. Except maybe the socialist part. :p
 
I know what I said doesn't jibe with the socialist tagline but I really don't think that university is the answer for every single kid and it would be a lot fairer to those kids to help them realise that there are other ways that they can take their careers rather than meeting the big bad world and major disappointment head on just after graduation (if they get that far). This isn't a stupid/intelligent child argument or an elitist argument. It's an aptitude thing.
 
I know what I said doesn't jibe with the socialist tagline but I really don't think that university is the answer for every single kid and it would be a lot fairer to those kids to help them realise that there are other ways that they can take their careers rather than meeting the big bad world and major disappointment head on just after graduation (if they get that far). This isn't a stupid/intelligent child argument or an elitist argument. It's an aptitude thing.

Agreed. There's also a laziness to all of it that kind of bugs me as well. A lot of kids coming out of high school just go to university because that's what their friends are doing. I remember a lot of my classmates at U of T had no idea why they signed up for Engineering.

And that's another thing....as someone mentioned earlier, the education system here is garbage. I was a smart kid coming out of high school but compared to the international students that were in my class at University, I was out gunned big time. I have no idea how I managed to graduate LOL.
 
LOL....is that your version of wake up? If your really awake, you will see our jobs have left the country towards Asia because all the money printing that's been done has made it impossible to produce anything here. Going to school here is pathetic. You don't learn anything here other then the crap you need to learn to work for the man.

LOL.
You REALLY dont understand why production has moved out of north america.

What does printing money have to do with this, would love to hear this one.
 
If we need a bail out we're told **** you.

Unfortunately that isn't true.

People are defaulting and declaring bankruptcy every day. They are taking $50 000 on average bailouts by simply saying they are broke. Five years later they can start building credit from the banks that are so eager to give credit to anyone to make free money in interest.

You need to simply accept that EVERY class is at fault regardless of which class you fall into.

I wish they would say **** you pay your own debt but they don't.
 
Unfortunately that isn't true.

People are defaulting and declaring bankruptcy every day. They are taking $50 000 on average bailouts by simply saying they are broke. Five years later they can start building credit from the banks that are so eager to give credit to anyone to make free money in interest.

You need to simply accept that EVERY class is at fault regardless of which class you fall into.

I wish they would say **** you pay your own debt but they don't.

not all debts are washable with bankruptsy
 
Unfortunately that isn't true.

People are defaulting and declaring bankruptcy every day. They are taking $50 000 on average bailouts by simply saying they are broke. Five years later they can start building credit from the banks that are so eager to give credit to anyone to make free money in interest.

You need to simply accept that EVERY class is at fault regardless of which class you fall into.

I wish they would say **** you pay your own debt but they don't.

Great point
 

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