georgephillip
Diamond Member
2.7% of all income taxes that are collected?Bottom 50% of taxpayers pay a whopping 2.7% in taxes.
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
2.7% of all income taxes that are collected?Bottom 50% of taxpayers pay a whopping 2.7% in taxes.
Some of those who used their power and influence to set us up for the meltdown aren't through yet.Folks, not only did the wealthy investors get a benefit from TARP, but so too did any of you who have pension funds.
Your pension funds were ALSO going to fail if the economy collapsed.
They still might, actually.
What ASTOUNDS ME is the naked truth of how corrupted our government is in that not a single BANKSTER has been charged with a crime.
That ALONE ought to wake every one of you partisans up, but apparently this TARP program is too confusing for you guys to realize what it means.
Hey, in your defence it IS confusing and many of you, I suppose either don't have the intelligence, or the time, or the inclination (or some combination of the three) to study just how BENT this system really is.
I must have 200 hours of study trying to unravel the GREAT UNRAVELING of the debt crises, and I think I bearly have a handle on it.
Conceptually I get it, but the details of the various permutations of debt instruments is so damned confusing that I doubt ANYBODY entirely understand them all.
But here us the thing, folks, the fault rests with the people who had the power and influence to set us up for this meltdown.
Read from the above that I lay the entire blame on the MASTERS OF THE UNIVERSE, both in government (that failed to regulate or even TRY to regulate in somce cases) and the unmitigated GREED of the BANSTERS, too.
Seriously...at least 13 CEOs of this nations's largest banking and hedge funds ought to be in prison, and the board members and officers of the bonds rating agencies ought to be taken out and shot.
Since 1980 some of those rivers have overflowed their banks.It take a very simple mind to sign onto class envy,our fearless leader crys we all must sacrifice,when it is in fact the very ones blubbering the loudest are the ones that have driven us to were we are.
Why would anyone believe a word that comes out of DC.Total and complete mismanagement,the sad part is we will wind up sacrificing even more before if ever they get their act together.
Its not the rich,its not the middle class,its simple mismanagement by our elected and collusion from the lazy.
It's not simple mismanagement - it's a coordinated effort to keep the rivers of cash flowing through this country in the direction they currently are. That's the essence of maintaining the status quo - something wealthy individuals and organizations have been doing since Alexander the Thug.
The current cash-flow structure of the US is proudly created, concentrated and maintained by the politicians of BOTH parties at the behest of their campaign financing benefactors.
It is not stupidity, laziness or mismanagement that brought us this current mess. It took planning, coordination and billions to execute the concentration of control over resources we live under today. Make no mistake - them that has those rivers of cash flowing into their own personal reservoirs will fight and spend to keep them in place.
The good news is that they can no longer hire and arm a gang of thugs to simply kill those who would point out the unfairness of their bought-and-paid-for government policies. The middle class has a fighting chance and I remain optimistic.
When Reagan promised prosperity through tax cuts in 1980 the average income for nine of ten Americans has increased by $303 or 1 percent.
If those Americans had a dollar in 1980, their income increased to $1.01 in 2008.
The richest 1% of Americans' average income more than doubled to $1.1 million during that same time frame.
The top 0.1% today receive almost $4 for each dollar they earned in 1980, and the top 300,000 Americans now control almost as much income as the bottom 150 million of their countrymen.
PROGRESSIVE TAX RATES DONT WORK
4 billion economists concur.........Economists: Higher Taxes Could Harm Economic Recovery - Energy Tomorrow Blog
Of course, liberals of past generations, like JFK, realized this.......but the Democrats have been hijacked by k00ks who have all graduated from the University of Mars.
PROGRESSIVE TAX RATES DONT WORK
4 billion economists concur.........Economists: Higher Taxes Could Harm Economic Recovery - Energy Tomorrow Blog
Of course, liberals of past generations, like JFK, realized this.......but the Democrats have been hijacked by k00ks who have all graduated from the University of Mars.
Isn't it ODD how so may whine, moan, and complain that so much is going overseas?
DID they ever stop to ponder WHY as they DEMAND MORE taxes?
Of Course they didn't.
This one:Are you saying it's NOT an accident that the richest 2% of Americans have nearly doubled their "fair" share of returns to wealth in less than one generation?
Stop HATING!
What leftwing propaganda mill did you retrieve this little non-factoid from?
This one:Are you saying it's NOT an accident that the richest 2% of Americans have nearly doubled their "fair" share of returns to wealth in less than one generation?
Stop HATING!
What leftwing propaganda mill did you retrieve this little non-factoid from?
Michael Hudson: Obama's Greatest Betrayal
"Obama seems to be campaigning for his own defeat!
"Thanks largely to the $13 trillion Wall Street bailout while keeping the debt overhead in place for Americas 'bottom 98 per cent' this happy 2 per cent of the population now receives an estimated three quarters (~75 per cent) of the returns to wealth (interest, dividends, rent and capital gains).
"This is nearly double what it received a generation ago. The rest of the population is being squeezed, and foreclosures are rising."
"Michael Hudson is a former Wall Street economist. A Distinguished Research Professor at University of Missouri, Kansas City (UMKC), he is the author of many books, including Super Imperialism: The Economic Strategy of American Empire (new ed., Pluto Press, 2002) and Trade, Development and Foreign Debt: A History of Theories of Polarization v. Convergence in the World Economy. He can be reached via his website, [email protected]"
"Per capita income or income per person is the numerical quotient of income divided by population, in monetary terms. It is a measure of all sources of income in an economic aggregate, such as a country or city. It does not measure income distribution or wealth."When Reagan promised prosperity through tax cuts in 1980 the average income for nine of ten Americans has increased by $303 or 1 percent.
If those Americans had a dollar in 1980, their income increased to $1.01 in 2008.
The richest 1% of Americans' average income more than doubled to $1.1 million during that same time frame.
The top 0.1% today receive almost $4 for each dollar they earned in 1980, and the top 300,000 Americans now control almost as much income as the bottom 150 million of their countrymen.
According to the U.S. Census, the per capita income in 1980 in 2009 dollars was 19,299. the per capita income in 2009 was 26,530.
You're obviously full of shit.
"Per capita income or income per person is the numerical quotient of income divided by population, in monetary terms. It is a measure of all sources of income in an economic aggregate, such as a country or city. It does not measure income distribution or wealth."
"Per capita income or income per person is the numerical quotient of income divided by population, in monetary terms. It is a measure of all sources of income in an economic aggregate, such as a country or city. It does not measure income distribution or wealth."When Reagan promised prosperity through tax cuts in 1980 the average income for nine of ten Americans has increased by $303 or 1 percent.
If those Americans had a dollar in 1980, their income increased to $1.01 in 2008.
The richest 1% of Americans' average income more than doubled to $1.1 million during that same time frame.
The top 0.1% today receive almost $4 for each dollar they earned in 1980, and the top 300,000 Americans now control almost as much income as the bottom 150 million of their countrymen.
According to the U.S. Census, the per capita income in 1980 in 2009 dollars was 19,299. the per capita income in 2009 was 26,530.
You're obviously full of shit.
Per capita income - Wikipedia, the free encyclopedia
PROGRESSIVE TAX RATES DONT WORK
4 billion economists concur.........Economists: Higher Taxes Could Harm Economic Recovery - Energy Tomorrow Blog
Of course, liberals of past generations, like JFK, realized this.......but the Democrats have been hijacked by k00ks who have all graduated from the University of Mars.
Isn't it ODD how so may whine, moan, and complain that so much is going overseas?
DID they ever stop to ponder WHY as they DEMAND MORE taxes?
Of Course they didn't.
LMAO T.....how true. Not to mention the k00ks see the word "regulation" and its blow the load time!!!!
Fcukking suckers.............
For thousands of years all governments have existed to socialize cost and privatize profit for a wealthy few.The class war was started by the Rich. Working people are only in it out of self-defense.
How about when the Pentagon gets audited?Why is it that only taxpayers are expected to sacrifice?
It's time for government employees and welfare parasites to sacrifice.
Welfare was reformed years ago. Massive cuts in defense will get rid of plenty of government employees.
and why did you ask me a question that had nothing to do with what I said? Can't you read?
You know when dummies like this will be happy?
When the Pentagon gets defunded!!!
Which economists are FOR huge tax hikes??
How about when the Pentagon gets audited?
How much fraud and corruption takes place in the absence of accountability?
If there is fraud taking place at the Pentagon in a time of war, would that be treason?