CBO: one percent explode

Discussion in 'Politics' started by Truthmatters, Oct 26, 2011.

  1. Truthmatters
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    CBO: Income Of The Top 1 Percent Exploded Over The Last Three Decades | ThinkProgress



    CBO: Income Of The Top 1 Percent Exploded Over The Last Three Decades | The Congressional Budget Office today released a new report on the growth in income that’s occurred in the U.S. over the last three decades. CBO found that, “for the 1 percent of the population with the highest income, average real after-tax household income grew by 275 percent between 1979 and 2007,” while it grew by just 18 percent for the bottom 20 percent of the income scale. “As a result of that uneven income growth, the distribution of after-tax household income in the United States was substantially more unequal in 2007 than in 1979,” CBO said.
     
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    Income inequality is unhealthy for ANY country
     
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  3. Seawytch
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    Seawytch Information isnt Advocacy

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    Keep thinking it doesn't matter, RWers...
     
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  4. Truthmatters
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    It is unhelathy for ANY country to concentrate wealth in to too few hands.

    It KILLS capitalism and democracy
     
  5. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Hateful failures always fail
     
  6. Dot Com
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    Dot Com Nullius in verba Supporting Member

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    RW's think as long as they can subsist & buy an Ayn Rand or Glen beck book every once in a while, its the bee's knees el oh el.
     
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    How did the kings of europe develop?


    Through concentration of wealth.
     
  8. Dot Com
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    Dot Com Nullius in verba Supporting Member

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    The RW's think that an american aristocracy is just fine. No matter that the last time there was a concentration of wealth of this extreme and duration was during the Great Depression. :eusa_eh: :clap2:
     
  9. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Tearing down people who have succeeded won't make you less of a failure

    If you feel bad about your life, that's the work you need to do, fix yourself, stop hating
     
  10. Truthmatters
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    speaking outr against a trend that will KILL our democracy is not hate.

    What you traffic in is HATE.

    Hate of our democratic system.

    The founders stood up against concentrated wealth when they fought the kings and queens of europe.
     

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