Obama 1998--speech--"I actually believe in redistribution"--aka Socialism

[oreo]

Nice job....Reps will follow as allowed.

"Barack Obama the greatest HOAX ever perpetrated on the American population"--Clint Eastwood

 

[Star]

These bums are the rights most hated in society.But you RWer's would gladly go down on the spot to these people cause they is rich. get them lips ready.




4,000 of the richest in Romney's '47%' - Sep. 18, 2012

The bigger question is..

Why do so many Americans work their asses off..but do not make enough to pay federal taxes..

While other Americans do absolutely nothing..but draw incomes on the basis of the families they were born into..and have more power politically then most of the country.

Gotta love it.

The new aristocracy.

America(ns) thrived during the Great Compression. Republican plutocrats hate it when Americans thrive.



The Great Compression refers to "a decade of extraordinary wage compression" in the United States in the early 1940s. During that time economic inequality as shown by wealth distribution and income distribution between the rich and poor became much smaller than it had been in preceding time periods. The term was reportedly coined by Claudia Goldin and Robert Margo[1] in a 1992 paper,[2] and is a takeoff on the Great Depression, an event during which the Great Compression started.

​

According to economists Thomas Pikketty and Emmanuel Saez, analysis of personal income tax data shows that the compression ended in the 1970s and has now reversed in the United States, and to a lesser extent in Canada, and England where there is greater income inequality metrics and wealth concentration. In France and Japan, who have maintained progressive taxation there has not been an increase in inequality. In Switzerland, where progressive taxation was never implemented, it never occurred.[5]

Economist Paul Krugman gives credit for the compression not only to progressive income taxation but to other New Deal and World War II policies of President Franklin Roosevelt. From about 1937 to 1947 highly progressive taxation, the strengthening of unions of the New Deal, and the regulation of the National War Labor Board during World War II, raised the income of the poor and working class and lower that of top earners. Krugman argues these explanation are more convincing then the conventional Kuznets curve cycle of inequality driven by market forces because a natural change would have been gradual and not sudden as the compression was.[6]

Explanation for the length of the compression's lasting have attributed to the lack of immigrant labor in the US during that time (immigrants often not being able to vote and so support their political interests) and to the "Treaty of Detroit" -- a landmark 1949 business-labor bargain struck between the United Auto Workers union and General Motors. Under that agreement, UAW members were guaranteed wages that rose with productivity, as well as health and retirement benefits. In return GM had few if any strikes, slowdowns, etc.[7]

Decades of conservative economic policies beginning in the 1980s have slowly resulted in a re-emergence of the wealth inequality that had existed prior to the great compression.[8] The reversal of the great compression has been called "the Great Divergence" by Krugman and is the title of a Slate article by Timothy Noah.[9] Krugman also notes that era before the Great Divergence was one not only of relative equality but of economic growth far surpassing the "Great Divergence". [10]

Republicans don't like redistribution of wealth? Poofuckingleeze, they're kidding right?

Republicans live for redistribution of wealth. Wealth is redistributing upward, exponentially so for the past 30 years or so.

Republicans love redistribution-----love redistribution so long as wealth redistributes up, rather than out.

Check out the chart below---see what I'm sayin', Republicans love redistribution -pewsh!-



Winners Take All

The superrich have grabbed the bulk of the past three decades' gains.

Theodore Roosevelt called redistribution to the middle class, the New Nationalism​

"We grudge no man a fortune in civil life if it is honorably obtained and well used. It is not even enough that it should have gained without doing damage to the community. We should permit it to be gained only so long as the gaining represents benefit to the community." ~ Theodore Roosevelt, August 31, 1910​