America’s wealthiest families smash income ceiling, middle-class left far behind

[bendog]

Growing income disparity is not only a problem here.

Report Income inequality rising in most developed countries - The Washington Post

 

[Dad2three]

Sure, only Faux propagandized people or hate talk radio followers believe your nonsense!

too stupid!! so you beleive the higher the corporate tax rate the more corporations are inclined to stay here and pay the tax rather than move. See why we are positive that liberalism is based in pure ignorance?

Warren Buffett: ‘It Is A Myth’ That U.S. Corporate Taxes Are High



“Corporate taxes are not strangling American competitiveness,” Buffett explained, even bringing a chart to prove his point:

The interesting thing about the corporate rate is that corporate profits, as a percentage of GDP last year were the highest or just about the highest in the last 50 years. They were ten and a fraction percent of GDP. That’s higher than we’ve seen in 50 years. The corporate taxes as a percentage of GDP were 1.2 percent, $180 billion. That’s just about the lowest we’ve seen. So our corporate tax rate last year, effectively, in terms of taxes paid for the United States, was around 12 percent, which is well below those existing in most of the industrialized countries around the world. So it is a myth that American corporations are paying 35 percent or anything like it…Corporate taxes are not strangling American competitiveness.

 

[Dad2three]

Got it, you didn't REALLY mean this

" Either way, his single digit claim is BS"

He claimed he made millions and his "trust" allowed him to pay low single digits.
He lied. Get it?

Nope, AS I SHOWED, there were 6 families averaging over $200 million EACH who paid zero federal taxes. The top 400 only paid 19% on the $200+ million average. Get it? Your 39% is just BS

Lots of rich people lost a lot in 2008. Of course their 2009 taxes were lower.
So what?

BTW, they averaged over $200+ million PER family in 2009, lol

China is creating new billionaires all the time now too. Under capitalism all incomes turn sharply up!!

Yeah, weird how the right LOVES gangster capitalism practiced by China and Russia!

 

[Dad2three]

Growing income disparity is not only a problem here.

Report Income inequality rising in most developed countries - The Washington Post

They bought into "trickle down" thanks to the right wing think tanks they created in those nations like they started in the US in the 1970's!

 

[EdwardBaiamonte]

Top 1% who TAKE over 20% of ALL US income

1) they don't take it, they earn it in voluntary peaceful transactions
2) you are the typical violent liberal scum who wants to take or steal it at the point of a gun
3) there is no reason why they should pay a higher % for govt than food in a supermarket where rich and poor pay same amount for a loaf of bread.

 

[Dad2three]

We

In 1980 the top 1% earned 8.5% of total income. In 2007 they earned 23%.

In 1980 the bottom 90% earned 68% of total income. In 2007 they earned 53%.

Summary of Latest Federal Income Tax Data Tax Foundation

GOV'T POLICY MATTERS !!!

In 1980 the bottom 90% earned 68% of total income. In 2007 they earned 53%.

Let's import millions of low skilled illegals, to make it harder for those on the bottom.

Yeah, since wall street BONUSES in 2013 alone were double the min wage workers entire incomes, it's the low wage workers that are the problem *shaking head*


Ronald Reagan calls for an open border with Mexico, 1980

Yeah, since wall street BONUSES in 2013 alone were double the min wage workers entire incomes,

Yes, skilled workers make more than unskilled workers. Good catch.

Ronald Reagan calls for an open border with Mexico,

Obama agrees with Reagan? LOL!

Yes, took lot's of skills to crash the worlds economy, again, of course like the last 2 times, the y did it with a GOPer in office!

Well, I bet you you couldn't it.

NOT a sociopath like wall street or a right winger. Sorry

 

[EdwardBaiamonte]

He claimed he made millions and his "trust" allowed him to pay low single digits.
He lied. Get it?

Nope, AS I SHOWED, there were 6 families averaging over $200 million EACH who paid zero federal taxes. The top 400 only paid 19% on the $200+ million average. Get it? Your 39% is just BS

Lots of rich people lost a lot in 2008. Of course their 2009 taxes were lower.
So what?

BTW, they averaged over $200+ million PER family in 2009, lol

China is creating new billionaires all the time now too. Under capitalism all incomes turn sharply up!!

Yeah, weird how the right LOVES gangster capitalism practiced by China and Russia!

too stupid as always. China just instantly eliminated 40% of world poverty and the liberal cant stand it

 

[EdwardBaiamonte]

Growing income disparity is not only a problem here.

Report Income inequality rising in most developed countries - The Washington Post

They bought into "trickle down" thanks to the right wing think tanks they created in those nations like they started in the US in the 1970's!

a liberal wants trickle down welfare and food stamps

 

[Dad2three]

, it was conservatives and their "free trade" and tax benefits that shifted jobs off shore!

too stupid as always. the highest liberal corporate taxes in the world, liberal labor unions, and liberal deficits shipped 40 million jobs off shore

Yeah, since wall street BONUSES in 2013 alone were double the min wage workers entire incomes, it's the low wage workers that are the problem *shaking head*


Ronald Reagan calls for an open border with Mexico, 1980

Yeah, since wall street BONUSES in 2013 alone were double the min wage workers entire incomes,

Yes, skilled workers make more than unskilled workers. Good catch.

Ronald Reagan calls for an open border with Mexico,

Obama agrees with Reagan? LOL!

Yes, took lot's of skills to crash the worlds economy, again, of course like the last 2 times, the y did it with a GOPer in office!

any economic crash is caused by liberal intervention. Name one that is not or admit as a typical liberal you lack the IQ to be here??

Sure Pal, sure, NOT the guys in charge in the 1920's (Harding/Coolidge/Hoover) or when Ronnie ignored regulator warnings that started in 1984 ion HIS S&L crisis, or Dubya ignoring regulator warnings AND cheering on the Banksters, it was liberals *shaking head*

any economic crash is caused by liberal intervention. Name just one that is not or admit as a typical liberal you lack the IQ to be here?? HOw will you learn if you are afriad to try????

Sure Bubba, sure

Jun 16, 2005 - The worldwide rise in house prices is the biggest bubble in history


NEVER before have real house prices risen so fast, for so long, in so many countries. Property markets have been frothing from America, Britain and Australia to France, Spain and China. Rising property prices helped to prop up the world economy after the stockmarket bubble burst in 2000. What if the housing boom now turns to bust?

According to estimates by The Economist, the total value of residential property in developed economies rose by more than $30 trillion over the past five years, to over $70 trillion, an increase equivalent to 100% of those countries' combined GDPs. Not only does this dwarf any previous house-price boom, it is larger than the global stockmarket bubble in the late 1990s (an increase over five years of 80% of GDP) or America's stockmarket bubble in the late 1920s (55% of GDP). In other words, it looks like the biggest bubble in history.

The global housing boom In come the waves The Economist


"Another form of easing facilitated the rapid rise of mortgages that didn't require borrowers to fully document their incomes. In 2006, these low- or no-doc loans comprised 81 percent of near-prime, 55 percent of jumbo, 50 percent of subprime and 36 percent of prime securitized mortgages."

Q HOLY JESUS! DID YOU JUST PROVE THAT OVER 50 % OF ALL MORTGAGES IN 2006 DIDN’T REQUIRE BORROWERS TO DOCUMENT THEIR INCOME?!?!?!?

A Yes.




Q WHO THE HELL LOANS HUNDREDS OF THOUSANDS OF DOLLARS TO PEOPLE WITHOUT CHECKING THEIR INCOMES?!?!?

A Banks.

Q WHY??!?!!!?!

A Two reasons, greed and Bush's regulators let them.

FACTS on Dubya s great recession US Message Board - Political Discussion Forum

 

[JimH52]

But leave those subsidies for the wealthy and corporations alone! We cannot disrupt this cycle of prosperity for the wealthy. the GOP majorities in Congress will see to that.

How long before the middle class and the poor say "Enough is Enough!" Really sickening to see a Repub defend monetary handouts for the rich.

"IF WE CUT SOCIAL PROGRAMS WE CAN BALANCE THE BUDGET!" All the while they defend tax shelters for the wealthy and the super wealthy. JUST INCREDIBLE!

 

[Dad2three]

Top 1% who TAKE over 20% of ALL US income

1) they don't take it, they earn it in voluntary peaceful transactions
2) you are the typical violent liberal scum who wants to take or steal it at the point of a gun
3) there is no reason why they should pay a higher % for govt than food in a supermarket where rich and poor pay same amount for a loaf of bread.

"The only orthodox object of the institution of government is to secure the greatest degree of happiness possible to the general mass of those associated under it." Thomas Jefferson


80% of the population owns 5% of the wealth.

Who Rules America Wealth Income and Power

The middle class has been eviscerated.

 

[EdwardBaiamonte]

But leave those subsidies for the wealthy and corporations alone! !

dear, please name just one or admit as a typical liberal you lack the IQ to be here

 

[EdwardBaiamonte]

Top 1% who TAKE over 20% of ALL US income

1) they don't take it, they earn it in voluntary peaceful transactions
2) you are the typical violent liberal scum who wants to take or steal it at the point of a gun
3) there is no reason why they should pay a higher % for govt than food in a supermarket where rich and poor pay same amount for a loaf of bread.

"The only orthodox object of the institution of government is to secure the greatest degree of happiness possible to the general mass of those associated under it." Thomas Jefferson


80% of the population owns 5% of the wealth.

Who Rules America Wealth Income and Power

The middle class has been eviscerated.

dumb to 3 is back to cartoons, colors and big letters!! Total idiot liberal!

 

[Dad2three]

But leave those subsidies for the wealthy and corporations alone! We cannot disrupt this cycle of prosperity for the wealthy. the GOP majorities in Congress will see to that.

How long before the middle class and the poor say "Enough is Enough!" Really sickening to see a Repub defend monetary handouts for the rich.

"IF WE CUT SOCIAL PROGRAMS WE CAN BALANCE THE BUDGET!" All the while they defend tax shelters for the wealthy and the super wealthy. JUST INCREDIBLE!

 

[Dad2three]

But leave those subsidies for the wealthy and corporations alone! !

dear, please name just one or admit as a typical liberal you lack the IQ to be here

How corporate socialism destroys: David Cay Johnston

A proposal to spend $250 million of taxpayer money on a retail project here illustrates the damage state and local subsidies do by taking from the many to benefit the already rich few.

Nationwide state and local subsidies for corporations totaled more than $70 billion in 2010

RPT-COLUMN-How corporate socialism destroys David Cay Johnston Reuters

 

[EdwardBaiamonte]

, it was conservatives and their "free trade" and tax benefits that shifted jobs off shore!

too stupid as always. the highest liberal corporate taxes in the world, liberal labor unions, and liberal deficits shipped 40 million jobs off shore

Yeah, since wall street BONUSES in 2013 alone were double the min wage workers entire incomes,

Yes, skilled workers make more than unskilled workers. Good catch.

Ronald Reagan calls for an open border with Mexico,

Obama agrees with Reagan? LOL!

Yes, took lot's of skills to crash the worlds economy, again, of course like the last 2 times, the y did it with a GOPer in office!

any economic crash is caused by liberal intervention. Name one that is not or admit as a typical liberal you lack the IQ to be here??

Sure Pal, sure, NOT the guys in charge in the 1920's (Harding/Coolidge/Hoover) or when Ronnie ignored regulator warnings that started in 1984 ion HIS S&L crisis, or Dubya ignoring regulator warnings AND cheering on the Banksters, it was liberals *shaking head*

any economic crash is caused by liberal intervention. Name just one that is not or admit as a typical liberal you lack the IQ to be here?? HOw will you learn if you are afriad to try????

Sure Bubba, sure

Jun 16, 2005 - The worldwide rise in house prices is the biggest bubble in history


NEVER before have real house prices risen so fast, for so long, in so many countries. Property markets have been frothing from America, Britain and Australia to France, Spain and China. Rising property prices helped to prop up the world economy after the stockmarket bubble burst in 2000. What if the housing boom now turns to bust?

According to estimates by The Economist, the total value of residential property in developed economies rose by more than $30 trillion over the past five years, to over $70 trillion, an increase equivalent to 100% of those countries' combined GDPs. Not only does this dwarf any previous house-price boom, it is larger than the global stockmarket bubble in the late 1990s (an increase over five years of 80% of GDP) or America's stockmarket bubble in the late 1920s (55% of GDP). In other words, it looks like the biggest bubble in history.

The global housing boom In come the waves The Economist


"Another form of easing facilitated the rapid rise of mortgages that didn't require borrowers to fully document their incomes. In 2006, these low- or no-doc loans comprised 81 percent of near-prime, 55 percent of jumbo, 50 percent of subprime and 36 percent of prime securitized mortgages."

Q HOLY JESUS! DID YOU JUST PROVE THAT OVER 50 % OF ALL MORTGAGES IN 2006 DIDN’T REQUIRE BORROWERS TO DOCUMENT THEIR INCOME?!?!?!?

A Yes.




Q WHO THE HELL LOANS HUNDREDS OF THOUSANDS OF DOLLARS TO PEOPLE WITHOUT CHECKING THEIR INCOMES?!?!?

A Banks.

Q WHY??!?!!!?!

A Two reasons, greed and Bush's regulators let them.

FACTS on Dubya s great recession US Message Board - Political Discussion Forum

dear W is not president, not running and he was not conservative!!

 

[bendog]

Growing income disparity is not only a problem here.

Report Income inequality rising in most developed countries - The Washington Post

They bought into "trickle down" thanks to the right wing think tanks they created in those nations like they started in the US in the 1970's!

I think its more an effect of globalization. At one time, on a board with a union organizer who also had an economics degree, I thought perhaps the answer was electing people on the basis of their being willing to pass laws providing for taxes on the very very rich to pay for things .... like more support for education and healthcare.

But, it turns out that even the dems want workers to help pay for others care under the ACA and free tuition to community college with no requirement for gpa or even graduation.

 

[Dad2three]

Top 1% who TAKE over 20% of ALL US income

1) they don't take it, they earn it in voluntary peaceful transactions
2) you are the typical violent liberal scum who wants to take or steal it at the point of a gun
3) there is no reason why they should pay a higher % for govt than food in a supermarket where rich and poor pay same amount for a loaf of bread.

"The only orthodox object of the institution of government is to secure the greatest degree of happiness possible to the general mass of those associated under it." Thomas Jefferson


80% of the population owns 5% of the wealth.

Who Rules America Wealth Income and Power

The middle class has been eviscerated.

dumb to 3 is back to cartoons, colors and big letters!! Total idiot liberal!

 

[Dad2three]

too stupid as always. the highest liberal corporate taxes in the world, liberal labor unions, and liberal deficits shipped 40 million jobs off shore

Yes, took lot's of skills to crash the worlds economy, again, of course like the last 2 times, the y did it with a GOPer in office!

any economic crash is caused by liberal intervention. Name one that is not or admit as a typical liberal you lack the IQ to be here??

Sure Pal, sure, NOT the guys in charge in the 1920's (Harding/Coolidge/Hoover) or when Ronnie ignored regulator warnings that started in 1984 ion HIS S&L crisis, or Dubya ignoring regulator warnings AND cheering on the Banksters, it was liberals *shaking head*

any economic crash is caused by liberal intervention. Name just one that is not or admit as a typical liberal you lack the IQ to be here?? HOw will you learn if you are afriad to try????

Sure Bubba, sure

Jun 16, 2005 - The worldwide rise in house prices is the biggest bubble in history


NEVER before have real house prices risen so fast, for so long, in so many countries. Property markets have been frothing from America, Britain and Australia to France, Spain and China. Rising property prices helped to prop up the world economy after the stockmarket bubble burst in 2000. What if the housing boom now turns to bust?

According to estimates by The Economist, the total value of residential property in developed economies rose by more than $30 trillion over the past five years, to over $70 trillion, an increase equivalent to 100% of those countries' combined GDPs. Not only does this dwarf any previous house-price boom, it is larger than the global stockmarket bubble in the late 1990s (an increase over five years of 80% of GDP) or America's stockmarket bubble in the late 1920s (55% of GDP). In other words, it looks like the biggest bubble in history.

The global housing boom In come the waves The Economist


"Another form of easing facilitated the rapid rise of mortgages that didn't require borrowers to fully document their incomes. In 2006, these low- or no-doc loans comprised 81 percent of near-prime, 55 percent of jumbo, 50 percent of subprime and 36 percent of prime securitized mortgages."

Q HOLY JESUS! DID YOU JUST PROVE THAT OVER 50 % OF ALL MORTGAGES IN 2006 DIDN’T REQUIRE BORROWERS TO DOCUMENT THEIR INCOME?!?!?!?

A Yes.




Q WHO THE HELL LOANS HUNDREDS OF THOUSANDS OF DOLLARS TO PEOPLE WITHOUT CHECKING THEIR INCOMES?!?!?

A Banks.

Q WHY??!?!!!?!

A Two reasons, greed and Bush's regulators let them.

FACTS on Dubya s great recession US Message Board - Political Discussion Forum

dear W is not president, not running and he was not conservative!!

Ignored the 1920's and Ronnie huh? lol

 

[Dad2three]

Growing income disparity is not only a problem here.

Report Income inequality rising in most developed countries - The Washington Post

They bought into "trickle down" thanks to the right wing think tanks they created in those nations like they started in the US in the 1970's!

I think its more an effect of globalization. At one time, on a board with a union organizer who also had an economics degree, I thought perhaps the answer was electing people on the basis of their being willing to pass laws providing for taxes on the very very rich to pay for things .... like more support for education and healthcare.

But, it turns out that even the dems want workers to help pay for others care under the ACA and free tuition to community college with no requirement for gpa or even graduation.

IT'S GOV'T POLICY. Either bad or good, and conservatives/GOP have pushed it bad for 30+ years now

Grove Norquist stating "I want to make government so small, I could drown it in a bathtub."

Republicans have hordes of people more than willing to vote against their own best interest in the deluded belief that if they support the 1%ers they will magically become one of them some day in the not so distant future!!