danielpalos
Diamond Member
- Banned
- #221
Why not simply deny and disparage the one percent, steak and lobster privileges until the employment situation improves?It didn't. That is why it is a lie. If the GOP National Debt rose by $10 trillion it would be $22 trillion by now. It isn't!!!LIAR!
How then did the DEBT rise $10 TRILLION over EIGHT YEARS?
Agreed. It won't hit $22T by end of BO final fiscal yr. Congratulations!In 2007, the top 20% wealthiest possessed 80% of all financial assets.[18] In 2007 the richest 1% of the American population owned 35% of the country's total wealth, and the next 19% owned 51%. Thus, the top 20% of Americans owned 85% of the country's wealth and the bottom 80% of the population owned 15%. In 2011, financial inequality was greater than inequality in total wealth, with the top 1% of the population owning 43%, the next 19% of Americans owning 50%, and the bottom 80% owning 7%.[19] However, after the Great Recession which started in 2007, the share of total wealth owned by the top 1% of the population grew from 35% to 37%, and that owned by the top 20% of Americans grew from 85% to 88%. The Great Recession also caused a drop of 36% in median household wealth but a drop of only 11% for the top 1%, further widening the gap between the top 1% and the bottom 99%.[17][19][20]
According to PolitiFact and others, in 2011 the 400 wealthiest Americans "have more wealth than half of all Americans combined."[21][22] Inherited wealth may help explain why many Americans who have become rich may have had a "substantial head start".[23][24] In September 2012, according to the Institute for Policy Studies, "over 60 percent" of the Forbes richest 400 Americans "grew up in substantial privilege".[25]--https://en.wikipedia.org/wiki/Wealth_inequality_in_the_United_States
can you explain why the one percent, need any form of tax break?
I'm no expert but since "47%" pay zero FED income Tax........if you are going to charge the "payees" less the 1% are paying, thereby affected.
The theory is the 1% do most of the investments, loans, risks, start companies.......they will juice things up rather than slow bloated GOVT taking it.
Two big booms might be 15% corporate tax and one-time lower fee to bring back overseas earnings. The rest of cuts will put more money into avg Joe's hands each week.....to spend.
Too difficult to post on tablet keyboard and add links. I leave it to experts.