Topic: Income Equality or Income Mobility
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Tue 03/05/13 12:53 PM
Which do you prefer?
Income Equality in which you make $50,000 a year and your boss making $60,00 a year.
Income Mobility where your boss incomes increase to $1,000,000 and yours increase to $500,000.

If you focus on Income Equality everyone will become poor but if you focus in Income Mobility, we all can become rich. Think about it, even though the rich have become richer, the poor also has become richer in out country. Not to say some don’t go through hard time but many of my customers are low-income families or what is called poor. Many of them have cell phones, least on color TV, refrigerators, video games systems, washing machines. We do have a few that are homeless and have trouble getting food but they make a small percent of what our government calls poor in this country.

Just think how many people Bill Gates has made rich because he got rich. Not just the investor and employees that worked for him. But he helped made computers cheap enough that many people could afford one. Many have taken that same computer and now make a living sitting at home. Him making billions has aloud other to make millions and even some other billions. Look at the people that created Youtube, Facebook and Twitter that made money because the computer was made cheaper.

Government rules and fees make it hard for people to move up the ladder. When you paycheck doubles but your income taxes quadruple, how are you able to pull yourself out of poverty? Some cities take up to six months just to start a business and require you meet curtains standard that make start up cost so high that you can’t afford to open.

Take New York, if you where to open a lemonade stand with the kool-aid lemonade, water, plastic cups and a table you are required by law to have a state approve fire extinguisher. You can’t start up your own taxi because the medallion law require you to buy a billion dollar piece of metal saying you have been approve to run a taxi.

Government is the biggest problem in keeping people from moving up the ladder and allows only the big boys the ability to make money.

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Tue 03/05/13 07:45 PM
one first has to know how to do something that is worth paying them $100,000.00 before that can be earned in a free market economy.

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Wed 03/06/13 07:55 AM
I’m still trying to figure out how to get that paycheck.

But free markets do work. Some high school graduates that have tech knowledge from vocational school are hired by companies at $16 an hour.