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According to David Stockman, former budget director for Ronald Reagan:
"In 1985, the top 5% of the households, the wealthiest 5%, had net worth of $8 Trillion, which is a lot. Today after serial bubble after serial bubble, the top 5% have net worth of $40 Trillion. The top 5% have gained more wealth than the whole human race had created prior to 1980."
It would be interesting to see how this compares to the increased national debt. Compare the debt in 1985 to now.
According to David Stockman, former budget director for Ronald Reagan:
"In 1985, the top 5% of the households, the wealthiest 5%, had net worth of $8 Trillion, which is a lot. Today after serial bubble after serial bubble, the top 5% have net worth of $40 Trillion. The top 5% have gained more wealth than the whole human race had created prior to 1980."
Thanks the printing press berneke runs
$40 trillion isn't worth as much as 8 trillion was in 1985.
In the last year alone, the dollar has lost 21% of it's worth.
That's because it's hard to make money while pulling a welfare check.
When a bigger part of your population is sitting on its ass, it makes the top's riches look heavier.
It's a nice play on statistics.
So, you have bought the right wing propaganda, hook line and sinker. You really think a lot of your fellow Americans. Your country is packed full of hard working poor my friend but the lies that you have heard over and over have convinced you that they are just lazy good for nothings.
I would like to see these "lazy" working poor band together and have a general strike for livable wages. Then we will see just how lazy and good for nothing these people are as you nation grinds to a halt.
Location: In a Galaxy far, far away called Germany
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What are you democrats complaining about? 86 Million dollars was just given to President Obama for his re-election by those same rich people. That is a record too. So who is in the pocket of the rich again?
$40 trillion isn't worth as much as 8 trillion was in 1985.
In the last year alone, the dollar has lost 21% of it's worth.
That's very interesting. So everything in the country costs 21% more than it did a year ago????????? Are you another one of those tin hat wearing koolade drinking person that gets all his info from Rush or Beck. Maybe you have taken a step up and use a higher level of nonsence like O'reilly or that fool Hannity.
I think you had better check some reliable sources for the inflation rate and for that matter everything else you want to know!
First of all, there are always more than 10 bananas.
If some people choose to sell or trade their bananas to someone else for something that they desire more than the bananas, that's commerce.
If one steals or defrauds the others out of their bananas, that's theft.
It seems that people on the left want to have the people who create the engines of the economy stop creating once they have X amount of wealth.
How would that help with jobs and employment?
The left and the right politically have absolutely nothing to do with wealth or poverty. NOTHING, NADA....Thats just political pandering. The left are thieves or lazy,the right are filled with fairy dust and goodness. Politics have nothing to do with wealth, only casting blame and pointing fingers for it.
According to David Stockman, former budget director for Ronald Reagan:
"In 1985, the top 5% of the households, the wealthiest 5%, had net worth of $8 Trillion, which is a lot. Today after serial bubble after serial bubble, the top 5% have net worth of $40 Trillion. The top 5% have gained more wealth than the whole human race had created prior to 1980."
So, what is the problem with that??????? What's your point?????
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stop with the "left"
