$106,000 more for the 1 percent

#1
lawgator1

lawgator1

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#1
That's how much more on average they made in 2010.

The 99 %? Eighty bucks.


Folks, if something isn't done to change the distribution of income in this country and very, very soon, that kind of thing is going to be our undoing.
 
#2
#2
lawgator1 said:
That's how much more on average they made in 2010.

The 99 %? Eighty bucks.


Folks, if something isn't done to change the distribution of income in this country and very, very soon, that kind of thing is going to be our undoing.
Click to expand...

Enlighten us
 
#4
#4
OrangeEmpire said:
Enlighten us
Click to expand...


End the Bush tax cuts for those making over $250,00 a year.

Tax investment income the same as ordinary working income.

Use the money to combo pay down the deficit, increase education spending, create bailout program for middle class families underwater on mortgages, invest in energy technologies like natural gas for automobiles.

Tomorrow.
 
#6
#6
many of those are just terrible, wasteful ideas. Only thing you got right was the deficit

lawgator1 said:
I don't know.

Would be less if we didn't harbor billionaires from paying taxes as any of the rest of us do.
Click to expand...

still clinging to that one?
 
#8
#8
lawgator1 said:
That's how much more on average they made in 2010.

The 99 %? Eighty bucks.


Folks, if something isn't done to change the distribution of income in this country and very, very soon, that kind of thing is going to be our undoing.
Click to expand...

Crazy analysis -

1) you are assuming the 1% is static - there will always be a 1% but it's composition changes

2) what is the percentage change for the categories

3) why lump 99% of the population in one group and 1% in the other - it will always give you results like this

More fear mongering
 
#10
#10
lawgator1 said:
You mean the truth?

Yes, sure am.
Click to expand...

your view of redistribution is very disturbing. I also find it funny you complain about billionaires (as if they're so plentiful) while advocating increased taxes for anything over $250k regardless of their cost of living.
 
#11
#11
volinbham said:
Crazy analysis -

1) you are assuming the 1% is static - there will always be a 1% but it's composition changes

2) what is the percentage change for the categories

3) why lump 99% of the population in one group and 1% in the other - it will always give you results like this

More fear mongering
Click to expand...

All day long
 
#13
#13
Wealth distribution is not a problem. In every economic system past, present, and future (of reasonable size) there has always been and always will be an fairly dramatic "inequality" of wealth between the top one percent and the lowest ninety-nine percent.

Let's get spending under control, then we can talk about your taxing of the rich.
 
#15
#15
lawgator1 said:
That's how much more on average they made in 2010.

The 99 %? Eighty bucks.


Folks, if something isn't done to change the distribution of income in this country and very, very soon, that kind of thing is going to be our undoing.
Click to expand...

Explain?

Why is it our undoing if both are doing better?
 
#17
#17
it got lost during the faux outrage over Limbaugh v. Fluke, but it has been determined that the "Buffet Rule" would generate only 31 billion over 11 years

smart, but otherwise naive folks like LG still can't get it through their heads that this country doesn't have a revenue generation problem
 
#19
#19
volinbham said:
Crazy analysis -

1) you are assuming the 1% is static - there will always be a 1% but it's composition changes

2) what is the percentage change for the categories

3) why lump 99% of the population in one group and 1% in the other - it will always give you results like this

More fear mongering
Click to expand...



93 % of the additional income created in this country in 2010 -- $288 billion -- went to the top 1 %.

That is, 93 cents of very new dollar of income generated by the recovery went to the very top of the economic ladder. That is absolutely shocking. How can the economy recover if all the money generated by any growth goes to the billionaires?

And, if the key to economic growth is to give the rich more so that they will hire, why is UE still hovering close to 9 %?

To answer your question, the top 1 % saw their average income soar by 11.6 % in just that year, alone.

The recovery, such as it is, has been very uneven. Those at the very top are doing better. The lower and middle classes are making just a sliver of income better (and infinitesimally small compared to the top income earners).

Average people hear in the news that there is a recovery. They hear that the stock market has rebounded nicely this year. And yet they remain a paycheck away from bankruptcy.

And the GOP wants to cut taxes for the wealthy and corporations while also cutting long term benefits for the lower and middle classes.

http://www.nytimes.com/2012/03/26/opinion/the-rich-get-even-richer.html
 
#20
#20
MG1968 said:
it got lost during the faux outrage over Limbaugh v. Fluke, but it has been determined that the "Buffet Rule" would generate only 31 billion over 11 years
Click to expand...

Yep - sounds good to the "masses" but it's not anywhere close to a solution and would not change the income gap.
 
#21
#21
I'd like to see the numbers for the middle 50%. From 25 to 75. Lumping those in the top 98% in with the bottom 1% is naturally going to skew the number down in a major way. It's a simple matter of statistics.
 
#23
#23
If the rich don't do well, the poor do very poorly. If the Rich do very well, the poor do well. LG should be rooting for the rich to do well. For some reason, no matter how evident it is, people can't grasp that free exchange is not a zero sum game.
 
#24
#24
lawgator1 said:
That is, 93 cents of very new dollar of income generated by the recovery went to the very top of the economic ladder. That is absolutely shocking. How can the economy recover if all the money generated by any growth goes to the billionaires?
Click to expand...

you do know what a billionaire is right?

went to the top 1 percent of taxpayers, those with at least $352,000 in income.
Click to expand...
 
#25
#25
Billionaire makes billions inventing a clothes cleaning product that retails at $50, but saves poor people $150/year in laundromat fees. This must be stopped!!!
 
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