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These charts show what has happened to the wealthiest 1% since Reagan and Bush's Daddy quadrupled the national debt and funneled half of the borrowed money to them:
It's the Inequality, Stupid | Mother Jones
I remember the trickle down...it was warm piss running down my back.
These charts show what has happened to the wealthiest 1% since Reagan and Bush's Daddy quadrupled the national debt and funneled half of the borrowed money to them:
It's the Inequality, Stupid | Mother Jones
I remember the trickle down...it was warm piss running down my back.
Aww, baby needs a hug.
Grow up loser.
These charts show what has happened to the wealthiest 1% since Reagan and Bush's Daddy quadrupled the national debt and funneled half of the borrowed money to them:
It's the Inequality, Stupid | Mother Jones
I remember the trickle down...it was warm piss running down my back.
Aww, baby needs a hug.
Grow up loser.
I haven't lost a damn thing...neither did my children. It's my grandchildren I'm concerned about...I have eight.
These charts show what has happened to the wealthiest 1% since Reagan and Bush's Daddy quadrupled the national debt and funneled half of the borrowed money to them:
It's the Inequality, Stupid | Mother Jones
I remember the trickle down...it was warm piss running down my back.
Aww, baby needs a hug.
Grow up loser.
I haven't lost a damn thing...neither did my children. It's my grandchildren I'm concerned about...I have eight.
These charts show what has happened to the wealthiest 1% since Reagan and Bush's Daddy quadrupled the national debt and funneled half of the borrowed money to them:
It's the Inequality, Stupid | Mother Jones
I remember the trickle down...it was warm piss running down my back.
Aww, baby needs a hug.
Grow up loser.
I haven't lost a damn thing...neither did my children. It's my grandchildren I'm concerned about...I have eight.
Aww, baby needs a hug.
Grow up loser.
I haven't lost a damn thing...neither did my children. It's my grandchildren I'm concerned about...I have eight.
And the rich being rich will have no adverse affect on them, no matter how much bullshit you suck up from big o and the liberal media.
I haven't lost a damn thing...neither did my children. It's my grandchildren I'm concerned about...I have eight.
And the rich being rich will have no adverse affect on them, no matter how much bullshit you suck up from big o and the liberal media.
You're so full of shit you stink. While the people who don't even need the money have been quadrupling their wealth and sucking of money Reagan and the Bushes borrowed from Communist Chinese banks the middle class in this country has all but disappeared. I witnessed the whole goddam thing.
All empires and dynasties have fallen when the rich or royalty got too goddam big for their britches. I'd say America is on the fringe of the abyss as we speak. It ain't hard...each one shoot one. After they're gone we can start over.
I haven't lost a damn thing...neither did my children. It's my grandchildren I'm concerned about...I have eight.
And the rich being rich will have no adverse affect on them, no matter how much bullshit you suck up from big o and the liberal media.
You're so full of shit you stink. While the people who don't even need the money have been quadrupling their wealth and sucking off money Reagan and the Bushes borrowed from Communist Chinese banks the middle class in this country has all but disappeared. I witnessed the whole thing.
All empires and dynasties have fallen when the rich or royalty got too goddam big for their britches. I'd say America is on the fringe of the abyss as we speak. It ain't hard...each one shoot one. After they're gone we can start over.
And the rich being rich will have no adverse affect on them, no matter how much bullshit you suck up from big o and the liberal media.
You're so full of shit you stink. While the people who don't even need the money have been quadrupling their wealth and sucking of money Reagan and the Bushes borrowed from Communist Chinese banks the middle class in this country has all but disappeared. I witnessed the whole goddam thing.
All empires and dynasties have fallen when the rich or royalty got too goddam big for their britches. I'd say America is on the fringe of the abyss as we speak. It ain't hard...each one shoot one. After they're gone we can start over.
Ahh, I see the communist are getting bolder and more honest about their murderous lust and envy for those that have what they want.
Please list the country empire that fell b/c of wealth, with links, backing up your bullshit.
You're so full of shit you stink. While the people who don't even need the money have been quadrupling their wealth and sucking of money Reagan and the Bushes borrowed from Communist Chinese banks the middle class in this country has all but disappeared. I witnessed the whole goddam thing.
All empires and dynasties have fallen when the rich or royalty got too goddam big for their britches. I'd say America is on the fringe of the abyss as we speak. It ain't hard...each one shoot one. After they're gone we can start over.
Ahh, I see the communist are getting bolder and more honest about their murderous lust and envy for those that have what they want.
Please list the country empire that fell b/c of wealth, with links, backing up your bullshit.
Hell...I'm not going to do your research for you. Start with the Ming dynasty in China and look at the fall of the Roman and British empires. When Russia was totally divided between the less than 1% rich and the rest poor as Job's turkey they fought a revolution. When this country declared it's independence it was because of taxation without representation.
This country is on the verge of a revolution and doesn't even realize it. When enough people get desperate something always gives. Look at Corzine and MF Global. The bastard came off Wall St. with $400 million but that wasn't enough. He came back and was in the process of stealing another $200 million. His ass is caught but the damage has been done. Do you think people who are having trouble feeding their kids make much sense out of one greedy bastard being worth $600 million dollars?
These charts show what has happened to the wealthiest 1% since Reagan and Bush's Daddy quadrupled the national debt and funneled half of the borrowed money to them:
It's the Inequality, Stupid | Mother Jones
I remember the trickle down...it was warm piss running down my back.
These charts show what has happened to the wealthiest 1% since Reagan and Bush's Daddy quadrupled the national debt and funneled half of the borrowed money to them:
It's the Inequality, Stupid | Mother Jones
US Federal Deficit As Percent Of GDP
2001 -1.25
2002 1.48
2003 3.39
2004 3.48
2005 2.52
2006 1.85
2007 1.14
2008 3.18
2009 9.91
2010 10.64
US Federal Deficit by Year - Charts Analysis
U.S. Debt Reaches 100 Percent of Country's GDP
These charts show what has happened to the wealthiest 1% since Reagan and Bush's Daddy quadrupled the national debt and funneled half of the borrowed money to them:
It's the Inequality, Stupid | Mother Jones
I remember the trickle down...it was warm piss running down my back.
Were all just slaves to the Oligarchy. There is no freedom here, there is no prosperity. There is only work your service job untill you die. This country is a fucking joke. It looks more like mexico everyday. Money will only continue to concentrate due to our total fucking failure of a government, and soon you will have people living in huts next to rich people hiding behind walls and gates.
These charts show what has happened to the wealthiest 1% since Reagan and Bush's Daddy quadrupled the national debt and funneled half of the borrowed money to them:
It's the Inequality, Stupid | Mother Jones
Are you guys just stupid?
Really? You have to go back to that decades old canard that Reagan qudrupled the debt?
Really?
Better think again as to who quadrupled spending.
US Federal Deficit As Percent Of GDP
2001 -1.25
2002 1.48
2003 3.39
2004 3.48
2005 2.52
2006 1.85
2007 1.14
2008 3.18
2009 9.91
2010 10.64
US Federal Deficit by Year - Charts Analysis
Compare that to Obama NOW, who has upped the deficit so much it is now 100% of GDP!
U.S. Debt Reaches 100 Percent of Country's GDP
Read more: U.S. Debt Reaches 100 Percent Of Country's GDP | Fox News
I mean how clueless are you to scream about Reagan and Bush spending in the face of Obama spending?
Do you liberals EVER think before you open your mouths?
Hilarious!
Don't Mind the Gap
What matters is income mobility, not income inequality.
Shikha Dalmia | November 1, 2011
I hate to be the bearer of good news just as the Occupy Wall Street movement is gathering steam, but protesters can stop worrying about rising inequality and go home. New evidence suggests that the super-rich got hit by the recession much harder than the rest of the 99 percent. This doesnt mean that they will be filing for food stamps any time soon. But it does mean that, contrary to progressive mythology, natural market forces might be restoring some semblance of cosmic justice.
There is no doubt that the cupidity of Wall Street fat cats combined with the perverse incentives established by federal policy created a financial bubble from which the uber-wealthy reaped rich rewards. In fact, over the last three decades, the top 1 percent of earners more than doubled their share of the national income from 8 to 17 percent, the Congressional Budget Office said last week. And it wasnt because they generated real value for the economy. Rather, notes Tyler Cowen, an economist at George Mason University, the expectation of government bailouts prompted financial managers to engage in riskier investment practices such as shorting volatility than they otherwise would have, ignoring long-term consequences in exchange for fat, immediate paychecks.
But long-term eventually arrived. New data from the University of Chicagos Steven Kaplan shows that, despite government bailouts, in 2008 and 2009 the adjusted gross income of the top 1 percenta disproportionate number of whom work in the financial industryfell to 1997 levels. All in all, the fat cats took a 20 percent income hit, compared with the 7 percent lower earners suffered in the aggregate. Few economists believe that the super-rich will ever reclaim all their pre-bubble earnings.
But if the wealthy are not as well off as they once were, the middle classes were never as poorly off as liberal pundits claim. Indeed, their case that income disparity is growing rests on the notion that national productivity grew four times faster (1.95 percent per year) than median household income (0.49 percent per year) between 1979 and 2007. The remaining 1.46 percent in annual productivity gains, they postulate, must have gone straight into the Swiss bank accounts of the rich.
But there are enough holes in this argument for a Zuccotti Park cleanup crew to drive a fleet of garbage trucks through. For starters, Northwestern University economist Robert Gordon has pointed out that this analysis is based on the common price index, a number that both overstates the growth in real income among the haves and understates it for the have-nots. Indeed, globalization and big-box shopping outlets such as Walmartthe very forces that liberals blame for inequalityhave vastly reduced prices for modest-income folks who shop at such venues. But the Paris Hiltons of the world who patronize stores like Versace and Roberto Cavalli havent benefited as much, because these businesses are almost completely immune to competitive price pressures. Once the productivity data is adjusted for such factors, Gordon found, the gap between the rich and poor grew only by 0.16 percent per yearor one-tenth of the 1.46 percent that liberals tout.
But none of this says anything about what Cowen has dubbed the personal well-being gapthe only gap that matters. Indeed, this gap, which measures the difference between basic goods that average people and gazillionaires like Bill Gates can afford, has been steadily closing. Gates might have personal physicians, private jets, and multiple computers. But thanks to technology-driven increases in productivity, almost everyone can afford bypass surgery, vacations and Internet access.
In America, well-being mobility, in a sense, comes to you without you having to go it. You dont have to be income-mobile to improve your quality of life. But that doesnt mean that Americans dont have income mobility. Far from it. Odds are, anyone who makes basically sensible life choices such as going to college, getting and staying married (preferably to a working spouse), and working full-time will find themselves in the top income quintile in their peak earning years.
This allows more Americans to be threshold earners: After they reach a certain income level, they can trade more work for greater leisure, a luxury that only the filthy rich enjoy in poor countries. Were this not the case, the ranks of the Zuccotti Park protesters might have been thinner by about a third. A recent survey by business analyst Harrison Schultz and Baruch College professor Hector Cordero-Guzman found that about 30 percent of them had individual incomes between $50,000 and $150,000-plus (about the same percentage as are under- and unemployed). These people have obviously decided that they have enough money, and that theyd rather use their spare time protesting than working.
Surplus wealth, then, is driving the Occupy Wall Street movement as much as the alleged growth of income inequality. Somewhere, Joseph Schumpeter, the political economist who predicted that the very wealth that capitalism generates will undermine the intellectual case for capitalisms existence, must be saying, I told you so.
Reason Foundation Senior Analyst Shikha Dalmia is a columnist at The Daily, where this column originally appeared.
Ahh, I see the communist are getting bolder and more honest about their murderous lust and envy for those that have what they want.
Please list the country empire that fell b/c of wealth, with links, backing up your bullshit.
Hell...I'm not going to do your research for you. Start with the Ming dynasty in China and look at the fall of the Roman and British empires. When Russia was totally divided between the less than 1% rich and the rest poor as Job's turkey they fought a revolution. When this country declared it's independence it was because of taxation without representation.
This country is on the verge of a revolution and doesn't even realize it. When enough people get desperate something always gives. Look at Corzine and MF Global. The bastard came off Wall St. with $400 million but that wasn't enough. He came back and was in the process of stealing another $200 million. His ass is caught but the damage has been done. Do you think people who are having trouble feeding their kids make much sense out of one greedy bastard being worth $600 million dollars?
So you lied, I caught you in it, called you out and as a result you had to lie some more.
The russian civil war occured b/c the zsars were ruthless tyrants.
Rome fell b/c they were under constant attack, and could no longer hold themselves together, after 1000 years.
Damn, you're a grandfather? You're to uneducated to be a teenager.
That growing inequity in wealth and incomes is effecting the entire economy negatively.
Some of us can understand why that's so bad for this nation generally, many here simply can't.
These charts show what has happened to the wealthiest 1% since Reagan and Bush's Daddy quadrupled the national debt and funneled half of the borrowed money to them:
It's the Inequality, Stupid | Mother Jones
Are you guys just stupid?
Really? You have to go back to that decades old canard that Reagan qudrupled the debt?
Really?
Better think again as to who quadrupled spending.
Compare that to Obama NOW, who has upped the deficit so much it is now 100% of GDP!
U.S. Debt Reaches 100 Percent of Country's GDP
Read more: U.S. Debt Reaches 100 Percent Of Country's GDP | Fox News
I mean how clueless are you to scream about Reagan and Bush spending in the face of Obama spending?
Do you liberals EVER think before you open your mouths?
Hilarious!
These Pee Partiers make the hippies look like members of Mensa. What Reagan did, didn't put us near the brink of financial disaster.
