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Originally Posted by dippin
You are still not getting it. Unemployment rate is 10%. Unless you employ every one of those in a job that pays over half a million at least, that is not enough to make up the difference.
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Yes, I am getting it. The reported rate maybe 10% but what about those that can't file unemployment, can only find part time jobs and work where wages are barely liveable? I'd say you combine all those the rate reaches 20-25%
And no the job doesn't have to pay half a million.
Increasing factories, businesses, employment and streamlining programs will make a difference.
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And if you increase income through some other magical way, guess what: that is the nature of entitlements, they go up with income as well. You increase income through some magic policy, pensions go up, military salaries have to go up to keep up, doctor compensation has to go up.
And that is all not considering the fact that social security and medicare costs will go up significantly over the next two decades.
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Did you even read the above where I said if people make more they save more thus lessening the need for financial aid, welfare, social security?
I will say this executive salaries must in some way be kept in check and the profits more evenly distributed.
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So it is not a matter of opinion, it is a mathematical fact that you cannot keep those programs as they are without tax increases.
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I never said you did, I said you streamlined them and made them more effective cutting the pork.