Unacceptable Redistribution of Wealth

[rightwinger]

While we argue additional tax cuts for the wealthy and the merits of "trickle down" economics a strange thing has happened. The standard of living for working americans has fallen. We make less money than we did a decade ago while the rich have gotten richer

http://www.theweek.com/article/index/100378/Census_Were_poorer

The Census Bureau’s annual report on income is out, and “there’s no good news” in it, said Felix Salmon in Reuters, unless you’re “the kind of person who worries about inflation.” Median household income has fallen 3.6 percent, from $52,153 in 2007 to $50,303 in 2008—a loss of “real money.” And 2.5 million more people are living in poverty, including 19 percent of kids under 18. That’s “unconscionable, in the richest country in the world.”

The “big news” from the Census report isn’t the drop in income since 2007, said David Leonhardt in The New York Times. It’s that we’re earning less than a decade ago—median household income in 1998 was $51,295, in today’s dollars. There hasn’t been such a lost decade in 40 years of Census tracking, and probably not since the 1930s. “What’s going on here?” Very slow growth, and the fact that “much of the bounty from our growth” has gone to the very rich.

 

[rightwinger]

The value of tinkle down economics

Census Bureau reports fall in median household income - The Curious Capitalist - TIME.com

This leads to a couple observations:

(1) I don't know how much of this was bad luck and how much was bad policy (nobody does), but there's really no getting around the fact that the Bush presidency was an economic debacle. Americans got poorer on his watch. The last time that happened was, well, during his father's presidency. But that one only lasted four years, so it was different.

(2) We sure could use one of those income growth spurts about now. But I don't see any signs of one in the offing. Do you?

 

[driveby]

So let's have the gubment take it from the rich and redistribute it to people that don't work or pay taxes, sooper dooper idea ......

 

[CrusaderFrank]

The “big news” from the Census report isn’t the drop in income since 2007, which is when Democrats took control of Congress and Capital Markets responded by fleeing US investments like a house on fire; the big news is that the Dem Congress with a Marxists President means the Reagan Boom has formally ended

 

[nodoginnafight]

and they STILL have nothing better than "trickle down" to offer.
Seriously - is there any doubt in your mind why they lost????
The economy was in shambles and all they could do was to repeat the trickle down mantra ..... sort of like suggesting that brain cancer cures the common cold ........

 

[CrusaderFrank]

and they STILL have nothing better than "trickle down" to offer.
Seriously - is there any doubt in your mind why they lost????
The economy was in shambles and all they could do was to repeat the trickle down mantra ..... sort of like suggesting that brain cancer cures the common cold ........

What have Dems given us?

The Dollar totally collapsed, the DOW is off 6,000 points USA might lose its AAA Credit rating, record deficit in record time, nationalized car companies and

OUR ECONOMY SUCKS!

 

[concept]

Savage calls it "trickle up poverty".

I agree.

 

[rightwinger]

What is amazing about the census numbers is that in a collapsing economy, the rich somehow got richer. The rightwingnuts criticize the poor and somehow think that it is the poor who are getting hurt. It is every working American who has less. You pay more for homes, your childs education, energy, healthcare....meanwhile salaries remain stagnant and the rich get richer

 

[American Horse]

and they STILL have nothing better than "trickle down" to offer.
Seriously - is there any doubt in your mind why they lost????
The economy was in shambles and all they could do was to repeat the trickle down mantra ..... sort of like suggesting that brain cancer cures the common cold ........

Has anything ever trickled up to you? I spent 33 years as an independent contractor, and my employees and I always benefited from the work we did for people because they had enough extra to spend to make their own lives better. That made my employee's and my life better by filling each other's needs. That's trickle down for ya son, the same trickle down that the left has ridiculed since Reagan's time.

 

[CrusaderFrank]

What is amazing about the census numbers is that in a collapsing economy, the rich somehow got richer. The rightwingnuts criticize the poor and somehow think that it is the poor who are getting hurt. It is every working American who has less. You pay more for homes, your childs education, energy, healthcare....meanwhile salaries remain stagnant and the rich get richer

Why do Librul hate rich people? Why do they have such a limited understanding as to how people get rich in America?

 

[The T]

Savage calls it "trickle up poverty".

I agree.

Not only that? It's a PRELUDE to What I call "Forced Reparations", by Obama.

 

[manu1959]

While we argue additional tax cuts for the wealthy and the merits of "trickle down" economics a strange thing has happened. The standard of living for working americans has fallen. We make less money than we did a decade ago while the rich have gotten richer

Census: We’re poorer - THE WEEK

The Census Bureau’s annual report on income is out, and “there’s no good news” in it, said Felix Salmon in Reuters, unless you’re “the kind of person who worries about inflation.” Median household income has fallen 3.6 percent, from $52,153 in 2007 to $50,303 in 2008—a loss of “real money.” And 2.5 million more people are living in poverty, including 19 percent of kids under 18. That’s “unconscionable, in the richest country in the world.”

The “big news” from the Census report isn’t the drop in income since 2007, said David Leonhardt in The New York Times. It’s that we’re earning less than a decade ago—median household income in 1998 was $51,295, in today’s dollars. There hasn’t been such a lost decade in 40 years of Census tracking, and probably not since the 1930s. “What’s going on here?” Very slow growth, and the fact that “much of the bounty from our growth” has gone to the very rich.

the rich get richer because they worke harder and smarter and know what the fuck they are doing.....

the poor....hell you could give each of them a 100k and they would be poor again in less than a year.....

darwinism at work.....or evolution if you prefer....

 

[rightwinger]

While we argue additional tax cuts for the wealthy and the merits of "trickle down" economics a strange thing has happened. The standard of living for working americans has fallen. We make less money than we did a decade ago while the rich have gotten richer

Census: We’re poorer - THE WEEK

The Census Bureau’s annual report on income is out, and “there’s no good news” in it, said Felix Salmon in Reuters, unless you’re “the kind of person who worries about inflation.” Median household income has fallen 3.6 percent, from $52,153 in 2007 to $50,303 in 2008—a loss of “real money.” And 2.5 million more people are living in poverty, including 19 percent of kids under 18. That’s “unconscionable, in the richest country in the world.”

The “big news” from the Census report isn’t the drop in income since 2007, said David Leonhardt in The New York Times. It’s that we’re earning less than a decade ago—median household income in 1998 was $51,295, in today’s dollars. There hasn’t been such a lost decade in 40 years of Census tracking, and probably not since the 1930s. “What’s going on here?” Very slow growth, and the fact that “much of the bounty from our growth” has gone to the very rich.

the rich get richer because they worke harder and smarter and know what the fuck they are doing.....

the poor....hell you could give each of them a 100k and they would be poor again in less than a year.....

darwinism at work.....or evolution if you prefer....

The rich got richer because 99% of the tax code is written for their benefit. They got richer because the Government held down the Minimum wage for decades, They got richer because worker protections were eased, they got richer because of tax cuts that never trickled down, they got richer because they took an ever increasing slice of profits while they denied workers cost of living benefits.

 

[Fatality]

While we argue additional tax cuts for the wealthy and the merits of "trickle down" economics a strange thing has happened. The standard of living for working americans has fallen. We make less money than we did a decade ago while the rich have gotten richer

Census: We’re poorer - THE WEEK

The Census Bureau’s annual report on income is out, and “there’s no good news” in it, said Felix Salmon in Reuters, unless you’re “the kind of person who worries about inflation.” Median household income has fallen 3.6 percent, from $52,153 in 2007 to $50,303 in 2008—a loss of “real money.” And 2.5 million more people are living in poverty, including 19 percent of kids under 18. That’s “unconscionable, in the richest country in the world.”

The “big news” from the Census report isn’t the drop in income since 2007, said David Leonhardt in The New York Times. It’s that we’re earning less than a decade ago—median household income in 1998 was $51,295, in today’s dollars. There hasn’t been such a lost decade in 40 years of Census tracking, and probably not since the 1930s. “What’s going on here?” Very slow growth, and the fact that “much of the bounty from our growth” has gone to the very rich.

get used to it, obama has just made it worse, future generations will be slaves just like you wanted. fuck off

 

[garyd]

Where is the evidence that the rich got richer pray tell? Or was that just another bogus leftist assumption?

By the way the only times in history when the rich haven't getten richer - at least in comparison to the poor - are when no one has crap and we are all starving.

 

[Toro]

What is amazing about the census numbers is that in a collapsing economy, the rich somehow got richer. The rightwingnuts criticize the poor and somehow think that it is the poor who are getting hurt. It is every working American who has less. You pay more for homes, your childs education, energy, healthcare....meanwhile salaries remain stagnant and the rich get richer

The wealth of the rich has fallen since the crisis began. It has fallen more so than anyone else's because they are more reliant on the capital markets.

 

[rightwinger]

While we argue additional tax cuts for the wealthy and the merits of "trickle down" economics a strange thing has happened. The standard of living for working americans has fallen. We make less money than we did a decade ago while the rich have gotten richer

Census: We’re poorer - THE WEEK

The Census Bureau’s annual report on income is out, and “there’s no good news” in it, said Felix Salmon in Reuters, unless you’re “the kind of person who worries about inflation.” Median household income has fallen 3.6 percent, from $52,153 in 2007 to $50,303 in 2008—a loss of “real money.” And 2.5 million more people are living in poverty, including 19 percent of kids under 18. That’s “unconscionable, in the richest country in the world.”

The “big news” from the Census report isn’t the drop in income since 2007, said David Leonhardt in The New York Times. It’s that we’re earning less than a decade ago—median household income in 1998 was $51,295, in today’s dollars. There hasn’t been such a lost decade in 40 years of Census tracking, and probably not since the 1930s. “What’s going on here?” Very slow growth, and the fact that “much of the bounty from our growth” has gone to the very rich.

get used to it, obama has just made it worse, future generations will be slaves just like you wanted. fuck off

Fatality...we are talking about a trend over the last decade not eight months.

America is moving backward. Working class people pay more and receive less. The standard of living has gone down. We pay more for less house. Our kids education now costs more than most of us paid for our homes, healthcare has increased tenfold.

Meanwhile, wages remained stagnant. We were told everyone had to tighten their belts. But while we worked harder and received less...the ultra rich were the only ones to see an increase in their available wealth.

"Trickle down" meant they kept the money

 

[rightwinger]

Where is the evidence that the rich got richer pray tell? Or was that just another bogus leftist assumption?

By the way the only times in history when the rich haven't getten richer - at least in comparison to the poor - are when no one has crap and we are all starving.

The “big news” from the Census report isn’t the drop in income since 2007, said David Leonhardt in The New York Times. It’s that we’re earning less than a decade ago—median household income in 1998 was $51,295, in today’s dollars. There hasn’t been such a lost decade in 40 years of Census tracking, and probably not since the 1930s. “What’s going on here?” Very slow growth, and the fact that “much of the bounty from our growth” has gone to the very rich.

Americans tightened their belts and the rich just got richer

 

[Maple]

and they STILL have nothing better than "trickle down" to offer.
Seriously - is there any doubt in your mind why they lost????
The economy was in shambles and all they could do was to repeat the trickle down mantra ..... sort of like suggesting that brain cancer cures the common cold ........

Well that tricle up theory sure isn't working too well either now is it?? 9.7 % unemployment and rising, when Obama stated it would not go over 8% with his scare tactics of signing the no stimulus stimulus bill when no one had the chance to read it. 2 billion of that money going to the community organizors, ACORN, now there's a real job creator isn't it. Minors for prostitution????? Give me a break and get real.

The stimulus money went to state governments, NADA, NOTHING FOR the job creators, small business. It's not the government that drives the economy, it's the private sector that does. If the private sector isn't workin, nothing does. And it's not working now is it. This President has his cart before the horse and has yet to figure it out and you guys think he's sooooooooooooooooooooooooooo smart. He's the dumbest on economics that I have ever seen, either that or he's a commie.

 

[garyd]

Sorry that sentence doesn't prove a damn thing beyond the bias of the reporter.