WelfareQueen
Diamond Member
- Sep 4, 2013
- 15,973
- 13,303
You do realize, that bush took office in 2008, almost right when bush dumped the recession on him. We are recovering better then most countries, Obama has tried to raise taxes to alleviate inequality, he has tried to help small businesses, conservatives aren't letting him, or forcing him to make ridiculous compromises. Conservatives don't want to bring home jobs, they don't want to help veterans. His policies aren't trickle down economics, but great job trying to spew idiocy.This has nothing to do with resenting successful people, these are facts that you are free to look at. Trickle down garbage doesn't work, never has.How much income do they take in compared to the other 60%?They have lots of taxable income, dumbshit. Because there are lots of them. Again you confuse income and wealth, because you're an ignoramus. They dont pay ANY taxes. In fact they get back more than they pay in. If they're going to benefit from this country and all it offers shouldnt they be paying something? You scream about big corporations not paying their fair share, what about the freeloading bottom 40% of wage earners?
Do some basic math.
An Economic Cancer: The Top 1% Earns More Than the Bottom 50%
Income Inequality | Inequality.org
The U.S. ranks around the 30th percentile in income inequality globally, meaning 70% of countries have a more equal income distribution.[4] U.S. federal tax and transfer policies are progressive and therefore reduce income inequality measured after taxes and transfers.[5] Tax and transfer policies together reduced income inequality slightly more in 2011 than in 1979.[1]
The top 1% of income earners received approximately 20% of the pre-tax income in 2013,[22] versus approximately 10% from 1950 to 1980.[2][23][24] The top 1% is not homogeneous, with the very top income households pulling away from others in the top 1%. For example, the top 0.1% of households received approximately 10% of the pre-tax income in 2013, versus approximately 3-4% between 1951-1981.[22][25] Most of the growth in income inequality has been between the middle class and top earners, with the disparity widening the further one goes up in the income distribution.[26] According to IRS data, adjusted gross income (AGI) of $388,900 was required to be in the top 1% in 2011.[27]
To put this change into perspective, if the US had the same income distribution it had in 1979, each family in the bottom 80% of the income distribution would have $11,000 more per year in income on average, or $916 per month.[28] Half of the U.S. population lives in poverty or is low-income, according to U.S. Census data.[29]
The top 1% of income earners received approximately 20% of the pre-tax income in 2013,[22] versus approximately 10% from 1950 to 1980.[2][23][24] The top 1% is not homogeneous, with the very top income households pulling away from others in the top 1%. For example, the top 0.1% of households received approximately 10% of the pre-tax income in 2013, versus approximately 3-4% between 1951-1981.[22][25] Most of the growth in income inequality has been between the middle class and top earners, with the disparity widening the further one goes up in the income distribution.[26] According to IRS data, adjusted gross income (AGI) of $388,900 was required to be in the top 1% in 2011.[27]
To put this change into perspective, if the US had the same income distribution it had in 1979, each family in the bottom 80% of the income distribution would have $11,000 more per year in income on average, or $916 per month.[28] Half of the U.S. population lives in poverty or is low-income, according to U.S. Census data.[29]
U.S. income inequality, on rise for decades, is now highest since 1928
"
In 1928, the top 1% of families received 23.9% of all pretax income, while the bottom 90% received 50.7%. But the Depression and World War II dramatically reshaped the nation’s income distribution: By 1944 the top 1%’s share was down to 11.3%, while the bottom 90% were receiving 67.5%, levels that would remain more or less constant for the next three decades.
But starting in the mid- to late 1970s, the uppermost tier’s income share began rising dramatically, while that of the bottom 90% started to fall. The top 1% took heavy hits from the dot-com crash and the Great Recession but recovered fairly quickly: Saez’s preliminary estimates for 2012 (which will be updated next month) have that group receiving nearly 22.5% of all pretax income, while the bottom 90%’s share is below 50% for the first time ever (49.6%, to be precise).
"
Maybe learn to not resent successful people so much.![]()
"But starting in the mid- to late 1970s, the uppermost tier’s income share began rising dramatically, while that of the bottom 90% started to fall. The top 1% took heavy hits from the dot-com crash and the Great Recession but recovered fairly quickly: Saez’s preliminary estimates for 2012 (which will be updated next month) have that group receiving nearly 22.5% of all pretax income, while the bottom 90%’s share is below 50% for the first time ever (49.6%, to be precise)."
Suck on that.
You realize the problems you mention have accelerated under Obama and his policies? You know that right? Now you are saying the problem is a result of "trickle down" economics. Funny.....but that is a term from the 1980's.
Are you saying Obama's economic policies are "trickle down" economics? What exactly are you saying and why has the problem accelerated under Obama?
In other words.....Obama and his policies have completely failed and the problem mentioned in the OP has greatly accelerated under Obama's watch.
Got it.
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