top 5 % own more than half of the wealth

Discussion in 'Economy' started by Truthmatters, Apr 2, 2011.

  1. Truthmatters
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  2. Trajan
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    Trajan conscientia mille testes

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    and 40% of the populace pay no nets taxes after its all over and that top 5% pays what portion of all fed. tax revenue?
     
  3. JBeukema
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    [​IMG]
     
  4. Truthmatters
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    the class war is being waged by the wealthy on the rest of us
     
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  5. Truthmatters
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    http://epi.3cdn.net/002c5fc0fda0ae9cce_aem6idhp5.pdf



    The wealthiest 1% of U.S. households had net worth that was 225 times greater than the median or typical household’s
    net worth in 2009. This is the highest ratio on record.
     
    Last edited: Apr 2, 2011
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    Fewer and fewer Americans hold all the wealth in this country and fools still vote for more of it.


    When will the right leaning voters wake up?
     
  7. LordBrownTrout
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    LordBrownTrout Gold Member

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    So what are we to do with those rich people????
     
  8. Truthmatters
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    Make them pay their fair share of taxes.
     
  9. LordBrownTrout
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    LordBrownTrout Gold Member

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    Flat tax everyone 15 percent and get away from the corrupt progressive tax system and everyone wins.
     
  10. Truthmatters
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    Because of the housing bust, home equity as a percent of home value fell from 59.5% in the first quarter of 2006 to
    36.2% in the fourth quarter of 2009. For the first time on record, the percent of home value that homeowners own
    outright dropped below 50%—meaning that banks now own more of the nation’s housing stock than people do.


    Banks got bailed out and then got more property in the deal.

    Average tax payers got hosed and the right thinks we need more hosing.
     

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