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!
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!