Census finds record gap between Rich and Poor

[rightwinger]

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.

 

[Avorysuds]

That's what big government gets yous... Look at FDR and see...

 

[topspin]

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.

Stop I'm blushing.

 

[DiamondDave]

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

 

[CrusaderFrank]

Maybe we need to teach students how to get rich?

 

[rightwinger]

More justification for why we need to extend Bush tax cuts for the rich

 

[loosecannon]

wave good bye to the middle class.

 

[CrusaderFrank]

What would life be like if we had more fun and interesting things than looking into everybody's pocket?

 

[rightwinger]

wave good bye to the middle class.

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

 

[Trajan]

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.

*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-

 

[uscitizen]

With good educations all people can have above average incomes.

 

[blastoff]

The below-the-poverty-line folks should be mad at all those government workers who are sucking up so much salary money. Shame on those government stooges.

 

[CrusaderFrank]

With good educations all people can have above average incomes.

The average would go up, but that's somewhere between clever and funny

 

[topspin]

democrats and republicans both have achilles heels.
Hating the rich is the dems, silly since the limosine (step over a homeless person to spit on someone wearing fur) liberal is a big wing of the party.

 

[Wry Catcher]

That's what big government gets yous... Look at FDR and see...

"The Great Depression was the worst economic slump ever in U.S. history, and one which spread to virtually all of the industrialized world. The depression began in late 1929 and lasted for about a decade. Many factors played a role in bringing about the depression; however, the main cause for the Great Depression was the combination of the greatly unequal distribution of wealth throughout the 1920's, and the extensive stock market speculation that took place during the latter part that same decade. The maldistribution of wealth in the 1920's existed on many levels. Money was distributed disparately between the rich and the middle-class, between industry and agriculture within the United States, and between the U.S. and Europe. This imbalance of wealth created an unstable economy. The excessive speculation in the late 1920's kept the stock market artificially high, but eventually lead to large market crashes. These market crashes, combined with the maldistribution of wealth, caused the American economy to capsize."

Link: The Main Causes of the Great Depression

FDR, huh? Read a bit before you post, or not and be an ignorant troll.

 

[CrusaderFrank]

Dante's Inferno Canto VII

Canto VII - Inferno by Dante Alighieri

Here saw I people, more than elsewhere, many,
On one side and the other, with great howls,
Rolling weights forward by main force of chest.
They clashed together, and then at that point
Each one turned backward, rolling retrograde,
Crying, "Why keepest?" and, "Why squanderest thou?"
Thus they returned along the lurid circle
On either hand unto the opposite point,
Shouting their shameful metre evermore.

 

[Big Fitz]

I'm still at the "and this is a bad thing how?" point.

The economy is not a zero sum game, and unless the rich can be proven to be using their wealth to make your life worse, what the fuck does anyone care if they're rich?

They employ people. They consume products and services. They invest in business ideas helping to make OTHERS rich and employed!

Where then, pray tell is the downside? Bill Gates personally helped to create 12,000 more millionaires in this nation thanks to his business. Where is this a bad thing? He gives tens of millions of dollars personally to charity. Do you want to deny those who receive his help that money?

None of your damn business unless they are abusing the power given to them to oppress their fellow man, and in that case, you need to show direct cause.

Otherwise, shut the fuck up.

 

[CrusaderFrank]

That's what big government gets yous... Look at FDR and see...

"The Great Depression was the worst economic slump ever in U.S. history, and one which spread to virtually all of the industrialized world. The depression began in late 1929 and lasted for about a decade. Many factors played a role in bringing about the depression; however, the main cause for the Great Depression was the combination of the greatly unequal distribution of wealth throughout the 1920's, and the extensive stock market speculation that took place during the latter part that same decade. The maldistribution of wealth in the 1920's existed on many levels. Money was distributed disparately between the rich and the middle-class, between industry and agriculture within the United States, and between the U.S. and Europe. This imbalance of wealth created an unstable economy. The excessive speculation in the late 1920's kept the stock market artificially high, but eventually lead to large market crashes. These market crashes, combined with the maldistribution of wealth, caused the American economy to capsize."

Link: The Main Causes of the Great Depression

FDR, huh? Read a bit before you post, or not and be an ignorant troll.

Progressive lies. All lies and bullshit.

Stop posting lies

 

[CrusaderFrank]

That's what big government gets yous... Look at FDR and see...

"The Great Depression was the worst economic slump ever in U.S. history, and one which spread to virtually all of the industrialized world. The depression began in late 1929 and lasted for about a decade. Many factors played a role in bringing about the depression; however, the main cause for the Great Depression was the combination of the greatly unequal distribution of wealth throughout the 1920's, and the extensive stock market speculation that took place during the latter part that same decade. The maldistribution of wealth in the 1920's existed on many levels. Money was distributed disparately between the rich and the middle-class, between industry and agriculture within the United States, and between the U.S. and Europe. This imbalance of wealth created an unstable economy. The excessive speculation in the late 1920's kept the stock market artificially high, but eventually lead to large market crashes. These market crashes, combined with the maldistribution of wealth, caused the American economy to capsize."

Link: The Main Causes of the Great Depression

FDR, huh? Read a bit before you post, or not and be an ignorant troll.

Every sentence in the above is an outright lie. The only thing that's true is FDR oversaw the greatest depression in world history eclipsing the 7 Biblical Lean years, everything else is a lie, a total, complete lie

 

[Wry Catcher]

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.

*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-

If what you say is so great an advantage, why don't most American choose to earn less and benefit more?
Would you be happy if the top 10% qualified for food stamps, and their kids got a free breakfast at school? Or, happier if the bottom 20% exercised personal responsibility and quite whinning about the problem they have deciding whether to pay their rent or buy food? 'F 'em, let them work three part-time jobs without benefits - this is America, right?