Charts from the senate income inequity hearing

[sparky]

Mind-Blowing Charts From the Senate's Income Inequality Hearing | Mother Jones



The 1 percent hasn't controlled such a large share of the economy since the eve of the Great Depression:

But as the rich have earned a larger share, they've paid a smaller and smaller share in taxes

 

[Norman]

What I am interested is the real tax rate rich have paid. Marginal tax rate is... marginal.

Take top 5% or 1% and how much taxes they have paid out of their income. Do that for income tax and overall tax % as well.

 

[Two Thumbs]

The crying never stops.

I'm just amazed at how long you babies can keep this shit up.

 

[Truthmatters]

http://motherjones.com/mojo/2012/02/mind-blowing-charts-senates-income-inequity-hearing

 

[Truthmatters]

scary facts the right will pretend mean nothing.

Its why they are headed for the trash heap of history

 

[Mr. H.]

From your link, it appears that the Tax Code favors investment which seems to be the main "culprit" in disparities.

Capital is best left to markets where it belongs, rather than being confiscated and redistributed based upon archaic and obtuse concepts such as "fairness".

 

[Truthmatters]

Only in your addled brain

 

[georgephillip]

"Since 1979, adjusted for inflation, incomes of the broad middle class (solid blue line labeled '21st to 80th percentiles') have increased about 40 'percent, which comes to a sluggish 1 percent per year. During the same period, the incomes of the richest 1 percent have increased about 280 percent, or 7 percent per year.

"This is a pretty familiar chart by now, but one thing to note is that the incomes of the rich are pretty volatile: They drop a lot during recessions, but they also bounce back pretty quickly and regain their high growth rates as soon as the recession is over.

"This chart only goes through 2007, but the same dynamic has been at work in the aftermath of the Great Recession: a steep drop followed by an equally steep recovery."

Yet More Grim Inequality News from the CBO | Mother Jones

 

[Truthmatters]

No democracy survives this type of inequity sustained.


Do you want our democracy to live on?

 

[Mr. H.]

Only in your addled brain

It's easier to condemn something you don't understand rather than seek the truth of it.

 

[CaughtInTheMid]

there is no doubt that CEO salaries are growing exponentially faster then workers salaries.

 

[Truthmatters]

Only in your addled brain

It's easier to condemn something you don't understand rather than seek the truth of it.

You dont understand, you buy a certain brand of poltical hackery.

It doesnt make you special

 

[Skull Pilot]

Do you sheep really think that the government taking money away from those who make more than you will increase your income?

 

[Truthmatters]

The pattern seen in these charts is unsustainable for any society based on Democracy

 

[Truthmatters]

http://www.brainyquote.com/quotes/quotes/g/grovernorq182534.html


My goal is to cut government in half in twenty-five years, to get it down to the size where we can drown it in the bathtub.
Grover Norquist


Read more: http://www.brainyquote.com/quotes/quotes/g/grovernorq182534.html#ixzz1mAuKEQG9

 

[Skull Pilot]

The pattern seen in these charts is unsustainable for any society based on Democracy

Do you really think that having the government take money away from those who make more than you will increase your income?

 

[Truthmatters]

When you "starve the beast" quess what happens?

the "beast" dies.

 

[Truthmatters]

The monied interests are duping you into killing your own democracy

 

[Skull Pilot]

When you "starve the beast" quess what happens?

the "beast" dies.

You didn't answer my question, as usual.

 

[Truthmatters]

Starve the beast - Wikipedia, the free encyclopedia


"Starving the beast" is a fiscal-political strategy of some American conservatives[1][2][3] to cut taxes in order to deprive the government of revenue in a deliberate effort to create a fiscal budget crisis that would then force the federal government to reduce spending. The short and medium term effect of the strategy has been increased United States public debt rather than reduced spending.

The term "beast" refers to the government and the programs it funds, particularly social programs[4] such as welfare, Social Security, Medicare[5] and public schools. The proponents of the starve-the-beast strategy have never advocated cuts in military, weapons, or prisons spending.