Well?

Discussion in 'Economy' started by JBeukema, May 6, 2011.

  1. JBeukema
    Offline

    JBeukema BANNED

    Joined:
    Apr 23, 2009
    Messages:
    25,613
    Thanks Received:
    1,703
    Trophy Points:
    0
    Location:
    everywhere and nowhere
    Ratings:
    +1,705
  2. sparky
    Offline

    sparky VIP Member

    Joined:
    Oct 19, 2008
    Messages:
    3,327
    Thanks Received:
    324
    Trophy Points:
    83
    Location:
    paradise
    Ratings:
    +341
    at the risk of rehashing the eculation of old news>


    22 Statistics That Prove The Middle Class Is Being Systematically Wiped Out Of Existence In America



    83 percent of all U.S. stocks are in the hands of 1 percent of the people.



    61 percent of Americans "always or usually" live paycheck to paycheck, which was up from 49 percent in 2008 and 43 percent in 2007


    66% of the income growth between 2001 and 2007 went to the top 1% of all Americans


    36 percent of Americans say that they don't contribute anything to retirement savings.



    A staggering 43 percent of Americans have less than $10,000 saved up for retirement.



    24% of American workers say that they have postponed their planned retirement age in the past year.



    Over 1.4 million Americans filed for personal bankruptcy in 2009, which represented a 32 percent increase over 2008


    Only the top 5 percent of U.S. households have earned enough additional income to match the rise in housing costs since 1975


    For the first time in U.S. history, banks own a greater share of residential housing net worth in the United States than all individual Americans put together


    In 1950, the ratio of the average executive's paycheck to the average worker's paycheck was about 30 to 1. Since the year 2000, that ratio has exploded to between 300 to 500 to one.



    As of 2007, the bottom 80 percent of American households held about 7% of the liquid financial assets.



    The bottom 50 percent of income earners in the United States now collectively own less than 1 percent of the nation’s wealth.



    Average Wall Street bonuses for 2009 were up 17 percent when compared with 2008.



    In the United States, the average federal worker now earns 60% MORE than the average worker in the private sector


    The top 1% of U.S. households own nearly twice as much of America's corporate wealth as they did just 15 years ago


    In America today, the average time needed to find a job has risen to a record 35.2 weeks.



    More than 40% of Americans who actually are employed are now working in service jobs, which are often very low paying


    For the first time in U.S. history, more than 40 million Americans are on food stamps, and the U.S. Department of Agriculture projects that number will go up to 43 million Americans in 2011


    This is what American workers now must compete against: in China a garment worker makes approximately 86 cents an hour and in Cambodia a garment worker makes approximately 22 cents an hour


    Despite the financial crisis, the number of millionaires in the United States rose a whopping 16 percent to 7.8 million in 2009


    Approximately 21 percent of all children in the United States are living below the poverty line in 2010 - the highest rate in 20 years


    The top 10% of Americans now earn around 50% of our national income.


    The 18 States Facing The Most Brutal Austerity Cuts
     
    • Thank You! Thank You! x 1
  3. editec
    Offline

    editec Mr. Forgot-it-All

    Joined:
    Jun 5, 2008
    Messages:
    41,427
    Thanks Received:
    5,598
    Trophy Points:
    48
    Location:
    Maine
    Ratings:
    +5,617
    There is, and long has been a complete diconnect between how the WALL STREET is doing and how Main Street is doing.

    In fact the relationship is often inverse.

    When the employment is down, stocks are up and vice versa.

    CAPITAL owes no allegiance to this or any other nation, folks.

    That is one of the reasons that I refer to much of what we have done as it regards TRADE as economic treason.

    Its a bit overstated, of course, because as I already said


    Obviously if one owes no allegiance to a nation, one cannot really be treasonous to it.
     
  4. expat_panama
    Offline

    expat_panama Silver Member

    Joined:
    Apr 12, 2011
    Messages:
    2,461
    Thanks Received:
    252
    Trophy Points:
    98
    Ratings:
    +253
    "Well..." is fine, but we need to be clear on whether hating and punishing the rich is what we want.
     
  5. expat_panama
    Offline

    expat_panama Silver Member

    Joined:
    Apr 12, 2011
    Messages:
    2,461
    Thanks Received:
    252
    Trophy Points:
    98
    Ratings:
    +253
    --and neither does labor, or computers, or rocks. There are some people creating wealth with their labor who are very loyal to America, as are some people who create wealth with their capital.
     
  6. JBeukema
    Offline

    JBeukema BANNED

    Joined:
    Apr 23, 2009
    Messages:
    25,613
    Thanks Received:
    1,703
    Trophy Points:
    0
    Location:
    everywhere and nowhere
    Ratings:
    +1,705
    :eusa_eh:

    No, it's not. Because nobody's doing or suggesting any such thing.

    The question is whether we want to return to socialism or let most Americans end up in poverty.
     
  7. sparky
    Offline

    sparky VIP Member

    Joined:
    Oct 19, 2008
    Messages:
    3,327
    Thanks Received:
    324
    Trophy Points:
    83
    Location:
    paradise
    Ratings:
    +341
    and laissez-faire capatalism will invite greed to create disparity pursuant to just that JB
     

Share This Page