The Greatest Redistribution of Income in History

Discussion in 'Politics' started by georgephillip, Jan 24, 2011.

  1. georgephillip
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    georgephillip Gold Member Supporting Member

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    From Common Dreams.org:

    How much have the richest 1% stolen since 1980?

    "If you make less than $114,000 a year (90% of us), you've been financially damaged by the flow of income to the richest 1% of Americans over the past 30 years.

    "Based on Internal Revenue Service figures, if middle- and upper-middle class families had maintained the same share of American productivity that they held in 1980, they would be making an average of $12,500 more per year."

    Since US GDP has increased five-fold since 1980 is it not reasonable to say upper-middle class families should have maintained their same share of the economic pie?

    "But if earnings since 1980 were based on this measure of productiveness, the richest 1% of Americans would be making $1 trillion less per year.

    "A trillion dollars a year. That's more than we spend on the entire military.

    "A trillion dollars a year. That's seven times more than the budget deficits of all 50 states combined...

    "Who are the people making up the richest 1%? Bankers, CEOs, upper management, university presidents, Congressmen...

    "Taxing them is not 'soaking the rich.'

    "The greatest redistribution of income in history has taken place over the last 30 years, and the victims are beginning to make a fuss about it."

    MAKE a FUSS!
     
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  2. DiamondDave
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    DiamondDave Army Vet

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    You are free to do as you choose... live by your decisions, efforts, achievements, etc... I certainly do not fault others in getting what they can in this free society... at least it is not involuntary confiscation of contributors to distribute thru government bureaucracy to con contributors, which is against the concept of a free society

    So go for the gusto, idiot, shoot for the moon... go for that promotion from fry cook to cashier at McDonalds
     
  3. Oddball
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    Oddball BANNED Supporting Member

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    Quit reading the rank covetousness after that.

    Try another note, tovarich.
     
  4. Claudette
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    Claudette Gold Member

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    Jealous are we??
     
  5. Soggy in NOLA
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    Soggy in NOLA Platinum Member

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    Next time, try "I want what you have worked so hard for, handed to me for nothing"

    It's a lot more to the point.

    Thanks.
     
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  6. The Rabbi
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    The Rabbi Diamond Member

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    Well, Sergey Brin, one of the founders of Google, was 7 years old in 1980. Now he is worth about $15B and one of the richest men in the world.
    So he must have stolen all that money from other wealthy people.

    Georgephilip is a crank of the first order. It is no wonder he is also a Jew-hater.
     
  7. signelect
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    signelect BANNED

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    We always blame someone else for our own inability to get what we want. I don't make alot of money but no one stole from me I just made some bad choices. Most people in the higher incomes either were born into it or just plain worked harder or luckier. You will drive your self crazy with the why me question. If you think your life is not going well take a look in the mirror.
     
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  8. Jenn14
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    Jenn14 Rookie

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    georgephillip - thanks for posting this. It's so interesting that things are getting more and more unfair and more and more unbalanced in this country...
     
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  9. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    You can't steal what you earn through hard work.
     
  10. Meister
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    Meister VIP Member Supporting Member

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    What's your solution, young lady?
     
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