Between 1947 and 1973, the typical American family’s income roughly doubled

Discussion in 'Economy' started by Modbert, Apr 27, 2010.

  1. Modbert
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    Modbert Daydream Believer Supporting Member

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    Social mobility and inequality: Upper bound | The Economist

    :eusa_think:
     
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  2. Oddball
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    Oddball BANNED Supporting Member

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    What was the tax burden, at all levels, in relation?

    Why did I just know that somehow the "those evil rich people are hogging up all the money" template would be squeezed into this? :rolleyes:
     
  3. Modbert
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    Modbert Daydream Believer Supporting Member

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    The rich had a much lower tax burden. Obviously the marginal tax rates for the top % by 1980 had taken a dive to the lowest ever at 28% thanks to Reagan. Now, the rich earn more than half the income.

    Trickle down economics turned out to be trickle up economics.
     
  4. Modbert
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    Modbert Daydream Believer Supporting Member

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    You don't like the facts, why is that?
     
  5. Oddball
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    Oddball BANNED Supporting Member

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    I said at all levels, as in federal state and local, sales taxes, fuel taxes, etcetera.
     
  6. Oddball
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    Oddball BANNED Supporting Member

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    Because you're a knee-jerk class warrior, that's how I knew.
     
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  7. jillian
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    jillian Princess Supporting Member

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    that's because prior to 1980, the laws protecting the middle class were honored and unions were strong. CEO's earned what? 12 times what workers earned? now 1% of the population holds 95% of the wealth and artificially inflates market prices. health costs increase at absurd percentages and the price of energy has been inflated at a rate which would have been considered unthinkable prior to the 1970's.

    to be fair, at least one of the reasons for this is not governmentally related. quite simply, the baby boomers grew up. their are too many of them and they are too expensive to maintain. one of my co-workers calls them the pig in the snake. if it doesn't kill the snake while passing through, we'll be all right.
     
    Last edited: Apr 27, 2010
  8. Modbert
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    Modbert Daydream Believer Supporting Member

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    Class warrior? No. You are, however.

    I'm merely pointing out the facts, you're using your emotions.
     
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  9. Oddball
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    Oddball BANNED Supporting Member

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    Not at all...I'm not jealous of wealthy people, as you obviously are.

    Que lastima.
     
  10. Modbert
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    Modbert Daydream Believer Supporting Member

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    I'm not jealous of wealthy people at all. However, you are jealous of something most certainly for you to be acting like a child at the moment. I am merely using facts, you are using your emotions and lashing out at me because I'm not laying down.

    Go back to the environment section of the board Dude, least there you can use your emotions with your buddies in the right wing echo chamber while your competition at best is Old Rocks and Chris. :thup:
     

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