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Who cares about the top 1%? How about the top 2%, or 3%? At that level, share of wealth is irrelevant. Who cares about any of them?
The growth of the income disparity is the issue. People today earning no more today than they did 30 years ago is the issue.
WHy don't those people retool, add additional skills to their abilities...geez, vthose who are successful in life are those who grow and make themselves marketable...I always here people playing the victim card, ..why not add an MBA, why not switch to another company, why not get an adidtional certification, ....
Inflation is just an invisible tax. If there is no inflation, the poor class will getting smaller and smaller and middle class will grow. But since there is inflation that eat away the little saving they have, the middle class move down to be the poor class.
Government wouldn't be printing money and devaluing currency IF we had not incurred deficits to give unneeded tax cuts and run two wars. Blame GWB for that. I remember first time he was running, Cheney (that rat) debating Lieberman and saying there was nothing wrong with borrowing money. Handwriting was on the table at that time. GOP used the Treasury as their OWN PERSONAL ATM to steal from Treasury via borrowed money to pay themselves. Sort of like running up a credit card debt and then declaring bankruptcy. It's theft from the creditor. And, now, they are complaining there isn't enough revenue to run the government when they have been DEFUNDING government for 12 years.
Quote:
Originally Posted by Roadking2003
The income gap is irrelevant. Why do you care what other people make?
Uh..... because last time I checked, that's the title of this thread??
Government wouldn't be printing money and devaluing currency IF we had not incurred deficits to give unneeded tax cuts and run two wars. Blame GWB for that. I remember first time he was running, Cheney (that rat) debating Lieberman and saying there was nothing wrong with borrowing money. Handwriting was on the table at that time. GOP used the Treasury as their OWN PERSONAL ATM to steal from Treasury via borrowed money to pay themselves. Sort of like running up a credit card debt and then declaring bankruptcy. It's theft from the creditor. And, now, they are complaining there isn't enough revenue to run the government when they have been DEFUNDING government for 12 years.
Uh..... because last time I checked, that's the title of this thread??
Are you freaking for real?
This is more than GWB or the GOP. You can man Obama, Clinton, GHW, Reagon, Johnson, FDR, they are all the same.
Inflation became a real big problem after we default in 1971. When we default, interest rate went up the roof. This is what will happen when we default again this time. Only different is, in 1971, we have a lot more savings. This time, it will be hell.
Government gave corporates all these breaks, tax holidays, etc. and in return corporates claimed that extra money would go to more jobs and lower prices. What really happened was that the prices didn't change much, the jobs went to low cost countries and the corporates kept that money and awarded themselves higher salaries, bonuses and stock options with the incentive to cut even more so they could earn more.
This is not small business mind you but the big boyz, the multi-nationals, the monopolies, the movers and shakers.
Small business is just as screwed as regular employees.
Government gave corporates all these breaks, tax holidays, etc. and in return corporates claimed that extra money would go to more jobs and lower prices. What really happened was that the prices didn't change much, the jobs went to low cost countries and the corporates kept that money and awarded themselves higher salaries, bonuses and stock options with the incentive to cut even more so they could earn more.
This is not small business mind you but the big boyz, the multi-nationals, the monopolies, the movers and shakers.
If so, why has the top 1%'s share of the wealth DECLINED since 1995? If what you claim is true, their share of the wealth should be higher, not lower.
If so, why has the top 1%'s share of the wealth DECLINED since 1995? If what you claim is true, their share of the wealth should be higher, not lower.
As with recessions all wealth declines. Do you really have a recovery when it's called a "jobless" recovery ? We found out that it was loose credit that caused people to think they had more than they really did.
But if you look at salaries you can see the difference.
If so, why has the top 1%'s share of the wealth DECLINED since 1995? If what you claim is true, their share of the wealth should be higher, not lower.
The wealth of the top 1% has not declined since 1995, it has gone up. The bottom 99% has also gone up but at a much smaller percentage.
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