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No.Those gains came from bribing politicians for favorable tax treatment on "earnings" from "minimally taxed financial instruments" that have nothing to do with productive labor.
In 1980 the richest 1% earned 7% of our country's income.
Today they rake in over 20%
The only thing they've earned is a one-way ticket to supermax.
Do you think that we live in a Closed Economy?
That there is a finite amount of wealth to be made and that when someone makes more money someone else must make less in order for it to happen?
No.Those gains came from bribing politicians for favorable tax treatment on "earnings" from "minimally taxed financial instruments" that have nothing to do with productive labor.
In 1980 the richest 1% earned 7% of our country's income.
Today they rake in over 20%
The only thing they've earned is a one-way ticket to supermax.
Do you think that we live in a Closed Economy?
That there is a finite amount of wealth to be made and that when someone makes more money someone else must make less in order for it to happen?
I believe there is a finite amount of total US income earned every year.
In 1980 the richest 1% of Americans earned about 7% of that total national income.
Today, they earn over 20% of each year's total national income.
Do you believe they have been working three times harder than the other 99% of Americans over the last forty years?
US Worker bees have been victimized over the last forty years by the richest 1% of their countrymen.Hey, no matter how many ways you try to inject the poor abused worker bee card, your message still remains the same. You despise anyone who you deem to have somehow cheated you throughout your miserably unproductive life."The following fact was sent to numerous conservative pundits, politicians, and profit-seekers:
"Based on Tax Foundation figures, the richest 1% has TRIPLED its share of America's income over the past 30 years. Much of the gain came from tax cuts and minimally taxed financial instruments.
"If their income had increased only at the pace of American productivity (80%), they would be taking about a TRILLION DOLLARS LESS out of our economy.
"And a question was posed:
"In what way do the richest 1% deserve these extraordinary gains?
"This question was not posed in sarcasm.
"A factual answer is genuinely sought.
"It seems unlikely that 1% of the population worked three times harder than the rest of us, or contributed three times as much to American productivity.
"Money earned from tax cuts and minimally taxed financial instruments is not productive income."
Any takers, Cons?
The Question Conservatives Can't Answer | Common Dreams
Back under your rock.
It looks like 2008 is the most recent year data was available.No.Do you think that we live in a Closed Economy?
That there is a finite amount of wealth to be made and that when someone makes more money someone else must make less in order for it to happen?
I believe there is a finite amount of total US income earned every year.
In 1980 the richest 1% of Americans earned about 7% of that total national income.
Today, they earn over 20% of each year's total national income.
Do you believe they have been working three times harder than the other 99% of Americans over the last forty years?
Now quote for us the total income in 1980 and the total income for the year you stopped at.
"And a question was posed:
"In what way do the richest 1% deserve these extraordinary gains?
they want to do away with all the regulatory agencies, and then when something bad happens they want to turn around and say "See? The government is incompetent."where the jobs then? See implying thats its their money and agreeing they did in fact make more of it. You have to concede that trickle down does not work.
Instead what you see is Rich people keeping their money and not in fact expanding their work force.
But people like you cant admit this, because then your blaming of Obama and the current UE would look silly and just hateful.
We haven't cut taxes since 2001. And there was more jobs until this current crisis caused by our Governments screwed up financial problems.
If you want to see jobs, cut taxes, cut spending, and eliminate needless regulation and get the heck out of the way.
It's not the governments job to create jobs. We are supposed to create and find our own jobs. The government just needs to get the heck out of our way and stop burdening us by taxation, inflation, and overspending.
Yea, let's get rid of the job killing EPA and the FDA. I'm sure if there is any poison milk out there, you won't mind your kids finding it first.
China's Poisoned Milk Scandal: Is Sorry Enough? - TIME
You're conflating wealth and income."And a question was posed:
"In what way do the richest 1% deserve these extraordinary gains?
The reason conservatives can't answer that question is because its premise is a liberal fallacy, that wealth is distributed, not earned
That's been their plan over the last four decades.they want to do away with all the regulatory agencies, and then when something bad happens they want to turn around and say "See? The government is incompetent."We haven't cut taxes since 2001. And there was more jobs until this current crisis caused by our Governments screwed up financial problems.
If you want to see jobs, cut taxes, cut spending, and eliminate needless regulation and get the heck out of the way.
It's not the governments job to create jobs. We are supposed to create and find our own jobs. The government just needs to get the heck out of our way and stop burdening us by taxation, inflation, and overspending.
Yea, let's get rid of the job killing EPA and the FDA. I'm sure if there is any poison milk out there, you won't mind your kids finding it first.
China's Poisoned Milk Scandal: Is Sorry Enough? - TIME
I think the term "America's income" refers to the total US national income earned by all workers in a single year.The OP is flawed.
It's not "America's income"
Income belongs to those who earn it not to America.
The richest 1% of Americans have tripled their share of total income over the last 40 years.
I don't believe they've earned that money in any meaningful way; I'm even more certain that level of inequality is not sustainable over the next four decades.
I think the term "America's income" refers to the total US national income earned by all workers in a single year.The OP is flawed.
It's not "America's income"
Income belongs to those who earn it not to America.
The richest 1% of Americans have tripled their share of total income over the last 40 years.
I don't believe they've earned that money in any meaningful way; I'm even more certain that level of inequality is not sustainable over the next four decades.
Yet when gubmint bureaucrats and regulators display their staggering incompetence (see: Madoff) they claim that as evidence that they need even more power.they want to do away with all the regulatory agencies, and then when something bad happens they want to turn around and say "See? The government is incompetent."
It was their money to begin with. They earned it.
When are you on the left going to realize that taxes burden the American people with labor they have to pay the government before they can take care of themselves? The money is theirs.
At what point have they paid their fair share?
where the jobs then? See implying thats its their money and agreeing they did in fact make more of it. You have to concede that trickle down does not work.
Instead what you see is Rich people keeping their money and not in fact expanding their work force.
But people like you cant admit this, because then your blaming of Obama and the current UE would look silly and just hateful.
9.2%, suck it Obama!Too fucking bad....Those "gains" are in terms of money that belonged to them in the first place.Based on Tax Foundation figures, the richest 1% has TRIPLED its share of America's income over the past 30 years. Much of the gain came from tax cuts and minimally taxed financial instruments.
And if worms had machine guns, birds wouldn't fuck with them.If their income had increased only at the pace of American productivity (80%), they would be taking about a TRILLION DOLLARS LESS out of our economy.
The notion that someone "took money out of the economy" is pure commie bullshit, which is mind boggling in its sheer economic ignorance.
where the jobs twit.?
In 1980 the richest 1% earned at least $148,000 a year.It was their money to begin with. They earned it.
When are you on the left going to realize that taxes burden the American people with labor they have to pay the government before they can take care of themselves? The money is theirs.
At what point have they paid their fair share?
When they have none left. Of course, that begs the question, who are they going to take it from next?
Today they "earn" a minimum of $450,000 every year.
The didn't earn the extra money.
They bribed politicians to write tax policy shifting the tax burden to wages and salaries.
And they are not done taking.
When are you going to get smart enough to notice?
Those gains came from bribing politicians for favorable tax treatment on "earnings" from "minimally taxed financial instruments" that have nothing to do with productive labor.Too fucking bad....Those "gains" are in terms of money that belonged to them in the first place.Based on Tax Foundation figures, the richest 1% has TRIPLED its share of America's income over the past 30 years. Much of the gain came from tax cuts and minimally taxed financial instruments.
And if worms had machine guns, birds wouldn't fuck with them.If their income had increased only at the pace of American productivity (80%), they would be taking about a TRILLION DOLLARS LESS out of our economy.
The notion that someone "took money out of the economy" is pure commie bullshit, which is mind boggling in its sheer economic ignorance.
In 1980 the richest 1% earned 7% of our country's income.
Today they rake in over 20%
The only thing they've earned is a one-way ticket to supermax.
"The following fact was sent to numerous conservative pundits, politicians, and profit-seekers:
"Based on Tax Foundation figures, the richest 1% has TRIPLED its share of America's income over the past 30 years. Much of the gain came from tax cuts and minimally taxed financial instruments.
"If their income had increased only at the pace of American productivity (80%), they would be taking about a TRILLION DOLLARS LESS out of our economy.
"And a question was posed:
"In what way do the richest 1% deserve these extraordinary gains?
"This question was not posed in sarcasm.
"A factual answer is genuinely sought.
"It seems unlikely that 1% of the population worked three times harder than the rest of us, or contributed three times as much to American productivity.
"Money earned from tax cuts and minimally taxed financial instruments is not productive income."
Any takers, Cons?
The Question Conservatives Can't Answer | Common Dreams
What do you mean they took a trillion dollars "out" of the economy?? Unless you think it's all sitting in a swiss bank account, the money was invested in companies that help america, or spent (helping america), or loaned out (helping america).
Tax cuts that shift the tax burden from FIRE sector incomes to wages and salaries are theft.Did you bother reading the link?
"It seems unlikely that 1% of the population worked three times harder than the rest of us, or contributed three times as much to American productivity.
"Money earned from tax cuts and minimally taxed financial instruments is not productive income..."
The Question Conservatives Can't Answer | Common Dreams
I've never earned money from tax cuts.
Tax cuts means the gov't takes less than what they had been taking, of money someone earned on his own. No one gave it to him. He did something productive than someone was willing to pay him for.
What did he do to deserve that? He worked.
The better question is, what did people at the bottom of society do to deserve the unprecedented level of benefits they receive?
Taxpayer supplied bail outs supply the same service to our creditor class, as proven by the $14 trillion gift to Wall Street that doubled the richest 5% of Americans share of returns to wealth in less than a single decade while keeping the debt overhead in place for 98% of Americans.
Tax cuts that shift the tax burden from FIRE sector incomes to wages and salaries are theft.I've never earned money from tax cuts.
Tax cuts means the gov't takes less than what they had been taking, of money someone earned on his own. No one gave it to him. He did something productive than someone was willing to pay him for.
What did he do to deserve that? He worked.
The better question is, what did people at the bottom of society do to deserve the unprecedented level of benefits they receive?
Taxpayer supplied bail outs supply the same service to our creditor class, as proven by the $14 trillion gift to Wall Street that doubled the richest 5% of Americans share of returns to wealth in less than a single decade while keeping the debt overhead in place for 98% of Americans.
$14 trillion gift? Please explain further.
Yet when gubmint bureaucrats and regulators display their staggering incompetence (see: Madoff) they claim that as evidence that they need even more power.they want to do away with all the regulatory agencies, and then when something bad happens they want to turn around and say "See? The government is incompetent."
