francoHFW
Diamond Member
your sympathy for the greedy idiot GOP rich is touching, brainwashed functional moron. Meanwhile, the GOP rape of the middle class and the country goes on, brainwashed functional moron., brainwashed functional moron./----/ Your class envy is comical. Yes, let people keep more of the money they earn. Want more money - then go out and earn it.You mean letting the rich keep their money while you screw the rest of us, brainwashed functional moron./----/ "We are the only rich country that is a GOP giveaway to the rich"there have been three definitions of socialism and we have moved on to progressive Democratic type now. Marxism is the first definition, communism being the second, and today it is always democratic fair capitalism with a good safety net. We are the only rich country that is a GOP giveaway to the rich Mess. The first was proven wrong, then the second was proven wrong, now we believe in the final solution, a fair Society that every successful rich country has but us, thanks to you brainwashed morons and the scumbag lying thieving GOP. You are a waste of time and a pathetic brainwashed, terminally confused, GOP troll. Not too worry you are about 20 to 30% of our stupid country....Yep, if it's not GOP giveaway to the rich and screw everyone else, it's Marxist LOL. Brainwashed functional moron troll.
Yup, our resident Marxists are brainwashed morons.
Letting people keep more of their own money isn't a give away; however, welfare is a give away.
Demise of the American Middle Class In Numbers.
Over the past 60 years the American dream has gradually disappeared. The process was slow, so most people didn’t notice. They just worked a few more hours, borrowed a little more and cut back on non-essentials. But looking at the numbers and comparing them over long time periods, it is obvious that things have changed drastically. Here are the details:
1. WORKERS PRODUCE MORE BUT THE GAINS GO TO BUSINESS.
Over the past 63 years worker productivity has grown by 2.0% per year.
But after 1980, workers received a smaller share every year. Labor’s share of income (1992 = 100%):
1950 = 101%
1960 = 105%
1970 = 105%
1980 = 105% – Reagan
1990 = 100%
2000 = 96%
2007 = 92%
A 13% drop since 1980
2. THE TOP 10% GET A LARGER SHARE.
Share of National Income going to Top 10%:
1950 = 35%
1960 = 34%
1970 = 34%
1980 = 34% – Reagan
1990 = 40%
2000 = 47%
2007 = 50%
An increase of 16% since Reagan.
3. WORKERS COMPENSATED FOR THE LOSS OF INCOME BY SPENDING THEIR SAVINGS.
The savings Rose up to Reagan and fell during and after.
1950 = 6.0%
1960 = 7.0%
1970 = 8.5%
1980 = 10.0% – Reagan
1982 = 11.2% – Peak
1990 = 7.0%
2000 = 2.0%
2006 = -1.1% (Negative = withdrawing from savings)
A 12.3% drop after Reagan.
4. WORKERS ALSO BORROWED TO MAKE UP FOR THE LOSS.
Household Debt as percentage of GDP:
1965 = 46%
1970 = 45%
1980 = 50% – Reagan
1990 = 61%
2000 = 69%
2007 = 95%
A 45% increase after 1980.
5. SO THE GAP BETWEEN THE RICHEST AND THE POOREST HAS GROWN.
Gap Between the Share of Capital Income earned by the top 1%
and the bottom 80%:
1980 = 10%
2003 = 56%