The top 1% get 93% of income growth: Bloomberg

Discussion in 'Economy' started by Rshermr, Dec 5, 2012.

  1. Rshermr
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    Rshermr VIP Member

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    So, listening to the cons on this board, you would think that the whining employees of this country, the lazy middle class, are completely at fault for their economic reality. This article looks at the issue from a non partial point of view.

    Top 1% Got 93% of Income Growth as Rich-Poor Gap Widened - Bloomberg

    So, maybe a good look at what is being said in this study can generate some discussion. Over the years, my reading of the subject of income distribution heavily weighted to the top is a really really good indication of the end of the reign of leading economies.

    But always, always, the wealthy fight any changes, clear to the bitter end.

    The other question that comes to mind is obvious. Is this the country that you expected to see, and is it the economy that you want to live with.
     
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  2. Moonglow
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    Moonglow Diamond Member

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    But repubs are not interested in knowing anything but how to lick the boots of the filthy rich.
     
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  3. DiamondDave
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    DiamondDave Army Vet

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    Outcome is not guaranteed, for ANYONE.. and with freedom, comes positives and negatives.. I will still take the freedom over government or the greedy progressives trying to regulate or limit what a person can earn
     
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  4. Oddball
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    Oddball BANNED Supporting Member

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    And we also have more rules, regulations, restrictions, bureaucracy and crony capitalism than ever before.

    I've had an epiphany!....We need more rules, regulations, restrictions, bureaucracy and crony capitalism to solve the issue!
     
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  5. Sallow
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    Sallow The Big Bad Wolf. Supporting Member

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    Me too.

    Glad we agree.

    I think I should freely be able to beat the shit out of my boss without interference from the coppers if I think he's to greedy.
     
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  6. Sallow
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    Sallow The Big Bad Wolf. Supporting Member

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    Me too!

    We need less rules..and less interference from the government when we haul a robber baron out of his house, pour pitch and feathers on him..and hang him from the nearest street lamp.
     
  7. DiamondDave
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    DiamondDave Army Vet

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    Yeah... :rolleyes:

    So I guess you then support workers in this country beating the shit out of the greedy entitlement junkies who believe they are owed the fruits of someone else's labor
     
  8. oldfart
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    oldfart Older than dirt

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    This is a bit I posted on another thread:

    There's a good CBO report on this issued May 16, 2012 called "Trends In The Distribution Of Household Income, 1979-2007" CBO | Trends in the Distribution of Household Income Between 1979 and 2007
    I don't seem to be able to copy the cool looking graph, but you can get that from the link to the report.


    Quote: Originally Posted by _CBO"
    CBO finds that, between 1979 and 2007, income grew by:

    275 percent for the top 1 percent of households,
    65 percent for the next 19 percent,
    Just under 40 percent for the next 60 percent, and
    18 percent for the bottom 20 percent.

    The upshot is that over the last 28 years real income has grown faster for the top 1% than everyone else, which is why I conclude that income inequality is increasing.
     
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  9. Oddball
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    Oddball BANNED Supporting Member

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    Had a clearance on straw today at the farm and fleet, did they? :rofl:
     
  10. Sallow
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    Sallow The Big Bad Wolf. Supporting Member

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    Cornered the market.

    Just tryin' to make a buck.

    :cool:

    How much can I put you in for..since it seems you are running out.
     
    Last edited: Dec 5, 2012

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