Off-the-charts income gains for super-rich

Chadman

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Link to story here:
http://news.yahoo.com/s/yblog_thelookout/20110408/ts_yblog_thelookout/off-the-charts-income-gains-for-super-rich/print

The gist:
But over the last 35 years, there's been an abrupt shift: Total growth has slowed marginally, but the real change has been in how the results of that growth are distributed. Now, the bottom 90 percent have seen their income rise only by a tiny fraction of total growth, while income for the richest 1 percent has exploded by upwards of 275 percent.

The question:
How again are the wealthy being hurt so badly by our tax system and the supposed "redistributing the wealth" attempts claimed by some here and elsewhere? Seems that the claims of redistribution are correct, just not in the way they are used by those that complain about it.
 

Trench

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Revealing once again how absurd it is for middle-class citizens (right wingers charading as tea partiers) to be accusing Obama of "redistributing the wealth", as if they themselves have a vested interest in protecting the wealth of the super-rich.
 

Lumi

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LET'S KNOW THE DIFFERENCE WHO ARE THE TRUE PATRIOTS !

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Duff Miver

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How's that "trickle-down" working?

Republicans would have you believe all we need is more tax cuts for the rich. Somehow they get the teabaggers to believe that.

"You can fool some of the people all of the time; you can fool all of the people some of the time,"

and that's all Republicans need.
 

Skulnik

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How's that "trickle-down" working?

Republicans would have you believe all we need is more tax cuts for the rich. Somehow they get the teabaggers to believe that.

"You can fool some of the people all of the time; you can fool all of the people some of the time,"

and that's all Republicans need.

Duff, the TEA PARTY must be a kick in the ass for you, you're OBSESSED.


jmho


:142smilie
 

ssd

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Muff:
ever been to a Tea Party rally? I have been twice. These people were not NEO-Cons, etc.
They want fiscal responsibility. They want a fair tax code. They want an end to the welfare state as it is being created. They want smaller federal government and more power to the individual states.

At least at the two I was at.

Painting them all as racist homophobic bigots, etc is using a very broad brush and in my experience, is wrong.
 

Lumi

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Muff:
ever been to a Tea Party rally? I have been twice. These people were not NEO-Cons, etc.
They want fiscal responsibility. They want a fair tax code. They want an end to the welfare state as it is being created. They want smaller federal government and more power to the individual states.

At least at the two I was at.

Painting them all as racist homophobic bigots, etc is using a very broad brush and in my experience, is wrong.

Nice effort SSD,

but you have wasted your time and space with this post. :0003
 

Duff Miver

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Muff:
ever been to a Tea Party rally? I have been twice. These people were not NEO-Cons, etc.
They want fiscal responsibility. They want a fair tax code. They want an end to the welfare state as it is being created. They want smaller federal government and more power to the individual states.

At least at the two I was at.

Painting them all as racist homophobic bigots, etc is using a very broad brush and in my experience, is wrong.

Naw, I paint them as uninformed folks who are motivated by sloganeering. They may claim to want fiscal responsibility, but I'll bet not one in ten knows where money comes from or where it is spent. Remember the woman who bellowed "Keep your government hands off my Medicare"?

That's the teaparty problem. They want spending cuts, but no cuts for THEIR share of the goodies.

I like the enthusiasm of the teaparty. As I said before, we could use a revolution, but first the teaparty is going to have to educate themselves about how government works and how to make meaningful reforms.

I have a friend who is a teapartier. The other day he was ranting about excess government spending. I asked him what he would cut. The only thing he could think of was Michelle Obama's staff, 1/10,000,000 of the budget. Cut his SS or Medicare? No way, Jose.

Look at this week's budget debate. The teapartiers pushing to cut funding for NPR, which is a grand total of $5 million, and not one word about cutting the hundreds of billions of shortfall in Medicare/Medicaid/Social Security.

I'll take the teaparty seriously when they begin to act seriously. For now they're just noise.

Are they all racists and bigots? No, but many are, and they are tolerated, even encouraged by the teaparty heroes like Palin, Beck and Bachman.
 
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The Sponge

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Muff:
ever been to a Tea Party rally? I have been twice. These people were not NEO-Cons, etc.
They want fiscal responsibility. They want a fair tax code. They want an end to the welfare state as it is being created. They want smaller federal government and more power to the individual states.

At least at the two I was at.

Painting them all as racist homophobic bigots, etc is using a very broad brush and in my experience, is wrong.

Where were they when the Republicans were spending like drunken sailors the six years they were in control of everything? The debt went from 3 to 12 trillion. The budget deficit went from a surplus to a deficit. Where were they :shrug: If they just made a comment back then then maybe u could take them seriously but not one peep just like DTB. Not one peep.
 

StevieD

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Everything the tea party says is just a smoke screen being put up to hide the shift of money that has gone to the super rich. The super rich and their supporters are ruining this country!
 

Lumi

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Naw, I paint them as uninformed folks who are motivated by sloganeering. They may claim to want fiscal responsibility, but I'll bet not one in ten knows where money comes from or where it is spent. Remember the woman who bellowed "Keep your government hands off my Medicare"?

That's the teaparty problem. They want spending cuts, but no cuts for THEIR share of the goodies.

I like the enthusiasm of the teaparty. As I said before, we could use a revolution, but first the teaparty is going to have to educate themselves about how government works and how to make meaningful reforms.

I have a friend who is a teapartier. The other day he was ranting about excess government spending. I asked him what he would cut. The only thing he could think of was Michelle Obama's staff, 1/10,000,000 of the budget. Cut his SS or Medicare? No way, Jose.

I'll take the teaparty seriously when they begin to act seriously. For now they're just noise.

Are they all racists and bigots? No, but many are, and they are tolerated, even encouraged by the teaparty heroes like Palin, Beck and Bachman.

And yet you continue to attack the Snapple Tea Party and don't even acknowledge where it started.

Who are the true racists Duff?

The ones in Congress who continue social programs that enable the impoverished to continue that lifestyle generation after generation.....

Poverty Pimps like Jesse, Al, Bill, Barry, Rev Wright... I can go on :SIB

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It's easy to parrot your Alinksy Handbook, when you pull it from your man purse :shrug:

Just because you keep repeating it doesn't make it true.

I know your Alinsky, GE News and Brzezinski tells you what to think and say.

Zbigniew Brzezinski:
How Jimmy Carter and I Started the Mujahideen


Brzezinski Assesses Obama's Foreign Policy


:facepalm: :mj07:

Your true colors are shown !

You are afraid to acknowledge the truth about the "TRUE TEA PARTY"

You would much rather bloviate about the NEO CLOWNS instead of talk about a man of Honor and Integrity, somethings you know nothing about.

miss-me-yet-jefferson-neocon-bush-sucks-political-poster-1280316408.jpg
 

ssd

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Sponge: I think your deficit facts are wrong
Depending on the source, National Debt increased $4.9T under Bush's two terms. in ONE year of Obama admin, it has increased $3T.

I am not a Bushie. I think the BS with TARP and Stimulus, passed under both of these guys, was horrible.

I do not know where all the Tea Party people were under Bush. I know that I heard some people who I know voted for Bush decrying his spending habits in the second term.

Perhaps the country just reached a tipping point to where these people, the Tea Party people, said enough is enough - we can not pay for this anymore and formed up. I do not think it is so much a group that is anti-democrat - I see them as more anti-big government.

Jury is out as to how much effect they will have.
I do find it hypocritical - if anyone wants reform but do not touch my bennies.....not going to have any real effect if that is how this is treated.

Less benefits or a higher age of acquiring benefits as well as higher taxes and less spending to start digging out of this hole.

Do you realize - the $38B in 'cuts' are not really cuts? Fed Gov't is on pace to spend more this year than last so any 'cut' is really just a reduction in the increased spending. I do not call that a 'cut'.
 

Lumi

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Where were they when the Republicans were spending like drunken sailors the six years they were in control of everything? The debt went from 3 to 12 trillion. The budget deficit went from a surplus to a deficit. Where were they :shrug: If they just made a comment back then then maybe u could take them seriously but not one peep just like DTB. Not one peep.

I fully agree Sponge,

but that is all behind us now.

I was not happy about the mass shopping sprees by Gee Wiz and The Dick.

We have to move forward and attack todays issues.



:toast:
 

Lumi

LOKI
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Everything the tea party says is just a smoke screen being put up to hide the shift of money that has gone to the super rich. The super rich and their supporters are ruining this country!

Steve,

Who are the super rich?

What is the dollar figure that we define that as?

Both parties? Yes...

So, as I have been stating, screaming, ranting....

We have to tear down the walls ! !!

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ssd

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I blame the international banks and bankers.

Thomas Jefferson:

I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.

The FED is a private bank.

The super rich/elite have benefited from the Fed's actions the past 2 years. Main street has not.
 
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