Census finds record gap between Rich and Poor

Discussion in 'Politics' started by rightwinger, Sep 28, 2010.

  1. rightwinger
    Online

    rightwinger Paid Messageboard Poster Gold Supporting Member Supporting Member

    Joined:
    Aug 4, 2009
    Messages:
    120,318
    Thanks Received:
    19,835
    Trophy Points:
    2,190
    Location:
    NJ & MD
    Ratings:
    +45,374
    Census finds record gap between rich and poor Americans -

    The income gap between rich and poor Americans grew to the widest amount on record and represents the greatest disparity among Western industrialized nations, according to U.S. Census data.

    The census finds that the top-earning 20% of Americans (those making $100,000 each year) received 49.4% of all income generated in the U.S., compared with the 3.4% earned by those below the poverty line.

    That ratio of 14.5-to-1 was an increase from 13.6 in 2008 and nearly double a low of 7.69 in 1968, the Associated Press reports.

    At the top, the wealthiest 5% of Americans, who earn more than $180,000, added slightly to their annual incomes last year, the data show. Families at the $50,000 median level slipped lower.
     
    • Thank You! Thank You! x 5
    Last edited: Sep 28, 2010
  2. Avorysuds
    Offline

    Avorysuds Gold Member

    Joined:
    Jul 4, 2010
    Messages:
    13,834
    Thanks Received:
    1,655
    Trophy Points:
    245
    Location:
    Eugene Oregon
    Ratings:
    +2,141
    That's what big government gets yous... Look at FDR and see...
     
  3. topspin
    Offline

    topspin BANNED

    Joined:
    Apr 29, 2010
    Messages:
    4,149
    Thanks Received:
    196
    Trophy Points:
    0
    Ratings:
    +196

    Stop I'm blushing.
     
  4. DiamondDave
    Offline

    DiamondDave Army Vet

    Joined:
    Jun 30, 2008
    Messages:
    18,169
    Thanks Received:
    2,812
    Trophy Points:
    183
    Location:
    MD, on the Potomac River
    Ratings:
    +2,816
    And you have the freedom to succeed that goes hand in hand with the freedom to fail...

    Your earning or money envy has no end, wrongwinger
     
    • Thank You! Thank You! x 2
  5. CrusaderFrank
    Offline

    CrusaderFrank Diamond Member

    Joined:
    May 20, 2009
    Messages:
    81,222
    Thanks Received:
    14,910
    Trophy Points:
    2,210
    Ratings:
    +37,000
    Maybe we need to teach students how to get rich?
     
  6. rightwinger
    Online

    rightwinger Paid Messageboard Poster Gold Supporting Member Supporting Member

    Joined:
    Aug 4, 2009
    Messages:
    120,318
    Thanks Received:
    19,835
    Trophy Points:
    2,190
    Location:
    NJ & MD
    Ratings:
    +45,374
    More justification for why we need to extend Bush tax cuts for the rich
     
  7. loosecannon
    Offline

    loosecannon Senior Member

    Joined:
    May 7, 2007
    Messages:
    4,888
    Thanks Received:
    263
    Trophy Points:
    48
    Ratings:
    +264
    wave good bye to the middle class.
     
  8. CrusaderFrank
    Offline

    CrusaderFrank Diamond Member

    Joined:
    May 20, 2009
    Messages:
    81,222
    Thanks Received:
    14,910
    Trophy Points:
    2,210
    Ratings:
    +37,000
    What would life be like if we had more fun and interesting things than looking into everybody's pocket?
     
    Last edited: Sep 28, 2010
  9. rightwinger
    Online

    rightwinger Paid Messageboard Poster Gold Supporting Member Supporting Member

    Joined:
    Aug 4, 2009
    Messages:
    120,318
    Thanks Received:
    19,835
    Trophy Points:
    2,190
    Location:
    NJ & MD
    Ratings:
    +45,374
    This is a glaring example of why the GOP/Reagan concepts of trickle down economics do not work. The idea that cutting taxes on the wealthy will result in more jobs and a rising tide for all Americans has been a farce.

    In reality, the wealthy has kept the additional money and sent jobs overseas.

    The standard of living for the middle class is disappearing and we continue to reward the wealthy for it
     
    • Thank You! Thank You! x 1
  10. Trajan
    Offline

    Trajan conscientia mille testes

    Joined:
    Jun 17, 2010
    Messages:
    29,048
    Thanks Received:
    4,751
    Trophy Points:
    48
    Location:
    The Bay Area Soviet
    Ratings:
    +4,756

    *yawn* more envy driven sour grapes.

    see who pays what................National Taxpayers Union - Who Pays Income Taxes?


    .....oh and keep in mind, running the numbers from say 70K on down in AGI, the lower you go the higher the 'take back' in goods and servcies; in short someone who has a AGI of say 35K uses or gets 5-6 dollars back in goods and services for what they pay out on a dollar for dollar basis as in taxes etc. ( hello safety net) , this shrinks as you move up the food chain....this has always been so, their take back now is probably even higher than average.




    and-
     

    Attached Files:

    Last edited: Sep 28, 2010

Share This Page