pal_of_poor
VIP Member
- Aug 14, 2009
- 193
- 29
- 66
People should focus on how much they make, and whether the supply-side corporate policies of Republicans, and conservative Democrats have helped them economically, more than their hatred of gays, loathing of abortion, or love of God, like he's got stock in any party?!?
These figures are pre-2000, and include the Carter, and a right-of-center Clinton, that was always misrepresented as a "liberal" on FAUX, and generally in the media. And by the way, these losses/gains are even larger now, after Bush's tax cuts, the poor have continued the trend of getting poorer, and the gilded are just laying in more gold on their ceilings.
Income Growth Exponential at Top, figures from 1970 - 2000
Lower 90% incomes dropped 0.1% from $27,060 to $27,035
From 90-95%, incomes grew 29.6%, from $80,148 to $103,860
From 95-99%, incomes grew 54.2%, from $115,472 to $178,067
From 99 to 99.5%, incomes grew 89.5% from $202,792 to $384,192
From 99.5% to 99.9% incomes grew 144.8% from $317,582 to $777,450
From 99.9 to 99.99% incomes grew 322% from $722,480 to $3,049,226
The top 13,400 (.01%) incomes grew 558.3%, from $3,641,285 to $23,969,767.
Perfectly Legal, The Covert Campaign to Rig our Tax System to Benefit the Super-Rich, and Cheat Everyone Else, by David Cay Johnston p. 38 (chart)
So, 90% of us have lost ground, while the top ten percent have profited. The very top percent have profited tremendously over the last 30 years, and those at the very top have gained fabulous degrees of wealth.
Clearly, we can see why these people got the biggest tax cut, since , hey wait, why did they get the tax cut since they are earning so incredibly much more than the rest of us. Oh, that's right, Bush only cares about the top one or two percent, that's the way fascism works, master race and all that.
This is their big trick, focus all on tax-cuts, which are eaten up in the middle class, non-existent in the lower-classes, and only received by the very incredibly richest. This takes your focus off the fact that incomes are rigged in this country, and that the huge majority of us are just getting poorer, while a few of the richest families are propped up at the expense of the rest of us.
These figures are pre-2000, and include the Carter, and a right-of-center Clinton, that was always misrepresented as a "liberal" on FAUX, and generally in the media. And by the way, these losses/gains are even larger now, after Bush's tax cuts, the poor have continued the trend of getting poorer, and the gilded are just laying in more gold on their ceilings.
Income Growth Exponential at Top, figures from 1970 - 2000
Lower 90% incomes dropped 0.1% from $27,060 to $27,035
From 90-95%, incomes grew 29.6%, from $80,148 to $103,860
From 95-99%, incomes grew 54.2%, from $115,472 to $178,067
From 99 to 99.5%, incomes grew 89.5% from $202,792 to $384,192
From 99.5% to 99.9% incomes grew 144.8% from $317,582 to $777,450
From 99.9 to 99.99% incomes grew 322% from $722,480 to $3,049,226
The top 13,400 (.01%) incomes grew 558.3%, from $3,641,285 to $23,969,767.
Perfectly Legal, The Covert Campaign to Rig our Tax System to Benefit the Super-Rich, and Cheat Everyone Else, by David Cay Johnston p. 38 (chart)
So, 90% of us have lost ground, while the top ten percent have profited. The very top percent have profited tremendously over the last 30 years, and those at the very top have gained fabulous degrees of wealth.
Clearly, we can see why these people got the biggest tax cut, since , hey wait, why did they get the tax cut since they are earning so incredibly much more than the rest of us. Oh, that's right, Bush only cares about the top one or two percent, that's the way fascism works, master race and all that.
This is their big trick, focus all on tax-cuts, which are eaten up in the middle class, non-existent in the lower-classes, and only received by the very incredibly richest. This takes your focus off the fact that incomes are rigged in this country, and that the huge majority of us are just getting poorer, while a few of the richest families are propped up at the expense of the rest of us.
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