It's what Reaganism does...wrecks the middle class and the country...

[Toddsterpatriot]

Why does your graph stop at 2007 ? Is it because the Obama years have seen the worst decline of the middle class ?

Obama hasn't been able to get the rich and giant corps to pay their fair share duh. When Reagan cut their taxes, state and local taxes on the middle class and poor rose to make up. Count ALL taxes and fees and EVERYONE is paying 20-30%, and almost all wealth goes to the richest. Great job, dupes.

So what your saying is Obama is an incompetent progressive ? I'm curious as to what someone like yourself calls a fair share. The US already has one of the highest corporate tax rate in the world.

"So what your saying is Obama is an incompetent progressive ? I'm curious as to what someone like yourself calls a fair share. The US already has one of the highest corporate tax rate in the world."

Is that why corporations (which include the rich and wealthy) only pay 12% of the total collected by the IRS?

Is that why corporations (which include the rich and wealthy) only pay 12% of the total collected by the IRS?

You've discovered that corporate taxes aren't a very good way to collect revenue.

They used to be, before this Reaganist bs. Your brain doesn't work very well, does it?

The historic Tax Reform Act of 1986, though it achieved the supply side goal of lowering individual income tax rates, was a startlingly progressive reform. The plan imposed the largest corporate tax increase in history--an act utterly unimaginable for any conservative to support today. Just two years after declaring, "there is no justification" for taxing corporate income, Reagan raised corporate taxes by $120 billion over five years and closed corporate tax loopholes worth about $300 billion over that same period. In addition to broadening the tax base, the plan increased standard deductions and personal exemptions to the point that no family with an income below the poverty line would have to pay federal income tax.

"Reagan's Liberal Legacy" by Joshua Green

 

[Norman]

Defended to the death by the bought off, big money, greedy idiot billionaire, brainwashing New BS GOP.

The Demise of the American Middle Class In Numbers.

Over the past 35 years the American dream has gradually disappeared. The process was slow, so most people didn’t notice. They just worked a few more hours, borrowed a little more and cut back on non-essentials. But looking at the numbers and comparing them over long time periods, it is obvious that things have changed drastically. Here are the details:

1. WORKERS PRODUCE MORE BUT THE GAINS GO TO BUSINESS.

Over the past 63 years worker productivity has grown by 2.0% per year.

But after 1980, workers received a smaller share every year. Labor’s share of income (1992 = 100%):

1950 = 101%
1960 = 105%
1970 = 105%
1980 = 105% – Reagan
1990 = 100%
2000 = 96%
2007 = 92%

A 13% drop since 1980

2. THE TOP 10% GET A LARGER SHARE.

Share of National Income going to Top 10%:

1950 = 35%
1960 = 34%
1970 = 34%
1980 = 34% – Reagan
1990 = 40%
2000 = 47%
2007 = 50%

An increase of 16% since Reagan.

3. WORKERS COMPENSATED FOR THE LOSS OF INCOME BY SPENDING THEIR SAVINGS.

The savings Rose up to Reagan and fell during and after.

1950 = 6.0%
1960 = 7.0%
1970 = 8.5%
1980 = 10.0% – Reagan
1982 = 11.2% – Peak
1990 = 7.0%
2000 = 2.0%
2006 = -1.1% (Negative = withdrawing from savings)

A 12.3% drop after Reagan.

4. WORKERS ALSO BORROWED TO MAKE UP FOR THE LOSS.

Household Debt as percentage of GDP:

1965 = 46%
1970 = 45%
1980 = 50% – Reagan
1990 = 61%
2000 = 69%
2007 = 95%

A 45% increase after 1980.

5. SO THE GAP BETWEEN THE RICHEST AND THE POOREST HAS GROWN.

Gap Between the Share of Capital Income earned by the top 1%
and the bottom 80%:

1980 = 10%
2003 = 56%

A 5.6 times increase.

6. AND THE AMERICAN DREAM IS GONE.

The Probably of Moving Up from the Bottom 40% to the Top 40%:

1945 = 12%
1958 = 6%
1990 = 3%
2000 = 2%

A 10% Decrease.

Links:

1 = ftp://ftp.bls.gov/pub/special.requests/pf/totalf1.txt
1 = https://www.clevelandfed.org/Research/PolicyDis/No7Nov04.pdf
1 = Clipboard01.jpg (image)
2 – Congratulations to Emmanuel Saez
3 = http://www.demos.org/inequality/images/charts/uspersonalsaving_thumb.gif
3 = U.S. Bureau of Economic Analysis (BEA)
4 = Federated Prudent Bear Fund (A): Overview
4 = FRB: Z.1 Release--Financial Accounts of the United States--March 10, 2016
5/6 = 15 Mind-Blowing Facts About Wealth And Inequality In America

Overview = http://www.ourfuture.org/blog-entry/2010062415/reagan-revolution-home-roost-charts

Not anyone's fault but your own that you can't cut it in the real world.

WTF is wrong with you? Fact is things have never been tougher for the nonrich in every way, including opportunity in every way. People didn't get lazy or stupid. Ay caramba hater dupes...

This is a other profoundly idiotic statement, proving without a shadow of a doubt that we are dealing with a full blown retard. It really needs no commenting, just repeating so everyone can see

Liberal "facts" (Ironically enough taking place under the president they cheer for):

"Fact is things have never been tougher for the nonrich in every way, including opportunity in every way. People didn't get lazy or stupid. Ay caramba hater dupes.."

- Typical regressive

 

[CrusaderFrank]

The middle class is a threat to the 1 percent. Gotta stomp on em. Only in america. Heck there are folk here who are upset a Verizon worker got a small raise. How weird is that?

Given that the top 1 % generally spend a lot of their life in the middle class, this is a profoundly idiotic, but typical comment from a regressive class baiter.

Upward mobility has never been worse, dupe. See OP

Never been worse than under Obama, right Hater Dupe

 

[Indeependent]

Obama hasn't been able to get the rich and giant corps to pay their fair share duh. When Reagan cut their taxes, state and local taxes on the middle class and poor rose to make up. Count ALL taxes and fees and EVERYONE is paying 20-30%, and almost all wealth goes to the richest. Great job, dupes.

So what your saying is Obama is an incompetent progressive ? I'm curious as to what someone like yourself calls a fair share. The US already has one of the highest corporate tax rate in the world.

"So what your saying is Obama is an incompetent progressive ? I'm curious as to what someone like yourself calls a fair share. The US already has one of the highest corporate tax rate in the world."

Is that why corporations (which include the rich and wealthy) only pay 12% of the total collected by the IRS?

Is that why corporations (which include the rich and wealthy) only pay 12% of the total collected by the IRS?

You've discovered that corporate taxes aren't a very good way to collect revenue.

They used to be, before this Reaganist bs. Your brain doesn't work very well, does it?

The historic Tax Reform Act of 1986, though it achieved the supply side goal of lowering individual income tax rates, was a startlingly progressive reform. The plan imposed the largest corporate tax increase in history--an act utterly unimaginable for any conservative to support today. Just two years after declaring, "there is no justification" for taxing corporate income, Reagan raised corporate taxes by $120 billion over five years and closed corporate tax loopholes worth about $300 billion over that same period. In addition to broadening the tax base, the plan increased standard deductions and personal exemptions to the point that no family with an income below the poverty line would have to pay federal income tax.

"Reagan's Liberal Legacy" by Joshua Green

As you would comment, "A opinion piece".

 

[francoHFW]

Defended to the death by the bought off, big money, greedy idiot billionaire, brainwashing New BS GOP.

The Demise of the American Middle Class In Numbers.

Over the past 35 years the American dream has gradually disappeared. The process was slow, so most people didn’t notice. They just worked a few more hours, borrowed a little more and cut back on non-essentials. But looking at the numbers and comparing them over long time periods, it is obvious that things have changed drastically. Here are the details:

1. WORKERS PRODUCE MORE BUT THE GAINS GO TO BUSINESS.

Over the past 63 years worker productivity has grown by 2.0% per year.

But after 1980, workers received a smaller share every year. Labor’s share of income (1992 = 100%):

1950 = 101%
1960 = 105%
1970 = 105%
1980 = 105% – Reagan
1990 = 100%
2000 = 96%
2007 = 92%

A 13% drop since 1980

2. THE TOP 10% GET A LARGER SHARE.

Share of National Income going to Top 10%:

1950 = 35%
1960 = 34%
1970 = 34%
1980 = 34% – Reagan
1990 = 40%
2000 = 47%
2007 = 50%

An increase of 16% since Reagan.

3. WORKERS COMPENSATED FOR THE LOSS OF INCOME BY SPENDING THEIR SAVINGS.

The savings Rose up to Reagan and fell during and after.

1950 = 6.0%
1960 = 7.0%
1970 = 8.5%
1980 = 10.0% – Reagan
1982 = 11.2% – Peak
1990 = 7.0%
2000 = 2.0%
2006 = -1.1% (Negative = withdrawing from savings)

A 12.3% drop after Reagan.

4. WORKERS ALSO BORROWED TO MAKE UP FOR THE LOSS.

Household Debt as percentage of GDP:

1965 = 46%
1970 = 45%
1980 = 50% – Reagan
1990 = 61%
2000 = 69%
2007 = 95%

A 45% increase after 1980.

5. SO THE GAP BETWEEN THE RICHEST AND THE POOREST HAS GROWN.

Gap Between the Share of Capital Income earned by the top 1%
and the bottom 80%:

1980 = 10%
2003 = 56%

A 5.6 times increase.

6. AND THE AMERICAN DREAM IS GONE.

The Probably of Moving Up from the Bottom 40% to the Top 40%:

1945 = 12%
1958 = 6%
1990 = 3%
2000 = 2%

A 10% Decrease.

Links:

1 = ftp://ftp.bls.gov/pub/special.requests/pf/totalf1.txt
1 = https://www.clevelandfed.org/Research/PolicyDis/No7Nov04.pdf
1 = Clipboard01.jpg (image)
2 – Congratulations to Emmanuel Saez
3 = http://www.demos.org/inequality/images/charts/uspersonalsaving_thumb.gif
3 = U.S. Bureau of Economic Analysis (BEA)
4 = Federated Prudent Bear Fund (A): Overview
4 = FRB: Z.1 Release--Financial Accounts of the United States--March 10, 2016
5/6 = 15 Mind-Blowing Facts About Wealth And Inequality In America

Overview = http://www.ourfuture.org/blog-entry/2010062415/reagan-revolution-home-roost-charts

Not anyone's fault but your own that you can't cut it in the real world.

WTF is wrong with you? Fact is things have never been tougher for the nonrich in every way, including opportunity in every way. People didn't get lazy or stupid. Ay caramba hater dupes...

No, just whiners like you that couldn't make it and want to blame someone else for being a born loser.

I'm a retired teacher and businessman and did just fine, you stupid brainwashed twit. Hater dupes can't see past the end of Rush Limbaugh's stupid lying nose. Or whatever bought off propagandist. You're a RW New BS GOP disgrace.

 

[Wyatt earp]

The middle class is a threat to the 1 percent. Gotta stomp on em. Only in america. Heck there are folk here who are upset a Verizon worker got a small raise. How weird is that?

Given that the top 1 % generally spend a lot of their life in the middle class, this is a profoundly idiotic, but typical comment from a regressive class baiter.

Upward mobility has never been worse, dupe. See OP

Upward mobility has never been worse, dupe. See OP

Holy crap, Lmao........

The messiah has been in charge for over seven years and these guys still bitch...


.

 

[francoHFW]

The middle class is a threat to the 1 percent. Gotta stomp on em. Only in america. Heck there are folk here who are upset a Verizon worker got a small raise. How weird is that?

Given that the top 1 % generally spend a lot of their life in the middle class, this is a profoundly idiotic, but typical comment from a regressive class baiter.

Upward mobility has never been worse, dupe. See OP

Never been worse than under Obama, right Hater Dupe

Still Reaganism, MORON.

 

[Conservative65]

Defended to the death by the bought off, big money, greedy idiot billionaire, brainwashing New BS GOP.

The Demise of the American Middle Class In Numbers.

Over the past 35 years the American dream has gradually disappeared. The process was slow, so most people didn’t notice. They just worked a few more hours, borrowed a little more and cut back on non-essentials. But looking at the numbers and comparing them over long time periods, it is obvious that things have changed drastically. Here are the details:

1. WORKERS PRODUCE MORE BUT THE GAINS GO TO BUSINESS.

Over the past 63 years worker productivity has grown by 2.0% per year.

But after 1980, workers received a smaller share every year. Labor’s share of income (1992 = 100%):

1950 = 101%
1960 = 105%
1970 = 105%
1980 = 105% – Reagan
1990 = 100%
2000 = 96%
2007 = 92%

A 13% drop since 1980

2. THE TOP 10% GET A LARGER SHARE.

Share of National Income going to Top 10%:

1950 = 35%
1960 = 34%
1970 = 34%
1980 = 34% – Reagan
1990 = 40%
2000 = 47%
2007 = 50%

An increase of 16% since Reagan.

3. WORKERS COMPENSATED FOR THE LOSS OF INCOME BY SPENDING THEIR SAVINGS.

The savings Rose up to Reagan and fell during and after.

1950 = 6.0%
1960 = 7.0%
1970 = 8.5%
1980 = 10.0% – Reagan
1982 = 11.2% – Peak
1990 = 7.0%
2000 = 2.0%
2006 = -1.1% (Negative = withdrawing from savings)

A 12.3% drop after Reagan.

4. WORKERS ALSO BORROWED TO MAKE UP FOR THE LOSS.

Household Debt as percentage of GDP:

1965 = 46%
1970 = 45%
1980 = 50% – Reagan
1990 = 61%
2000 = 69%
2007 = 95%

A 45% increase after 1980.

5. SO THE GAP BETWEEN THE RICHEST AND THE POOREST HAS GROWN.

Gap Between the Share of Capital Income earned by the top 1%
and the bottom 80%:

1980 = 10%
2003 = 56%

A 5.6 times increase.

6. AND THE AMERICAN DREAM IS GONE.

The Probably of Moving Up from the Bottom 40% to the Top 40%:

1945 = 12%
1958 = 6%
1990 = 3%
2000 = 2%

A 10% Decrease.

Links:

1 = ftp://ftp.bls.gov/pub/special.requests/pf/totalf1.txt
1 = https://www.clevelandfed.org/Research/PolicyDis/No7Nov04.pdf
1 = Clipboard01.jpg (image)
2 – Congratulations to Emmanuel Saez
3 = http://www.demos.org/inequality/images/charts/uspersonalsaving_thumb.gif
3 = U.S. Bureau of Economic Analysis (BEA)
4 = Federated Prudent Bear Fund (A): Overview
4 = FRB: Z.1 Release--Financial Accounts of the United States--March 10, 2016
5/6 = 15 Mind-Blowing Facts About Wealth And Inequality In America

Overview = http://www.ourfuture.org/blog-entry/2010062415/reagan-revolution-home-roost-charts

Not anyone's fault but your own that you can't cut it in the real world.

WTF is wrong with you? Fact is things have never been tougher for the nonrich in every way, including opportunity in every way. People didn't get lazy or stupid. Ay caramba hater dupes...

This is a other profoundly idiotic statement, proving without a shadow of a doubt that we are dealing with a full blown retard. It really needs no commenting, just repeating so everyone can see

Liberal regressive "facts":

"Fact is things have never been tougher for the nonrich in every way, including opportunity in every way. People didn't get lazy or stupid. Ay caramba hater dupes.."

People like Franco support anything and everything that enables people to be lazy then blames anyone and everyone else when they are.

 

[Conservative65]

The middle class is a threat to the 1 percent. Gotta stomp on em. Only in america. Heck there are folk here who are upset a Verizon worker got a small raise. How weird is that?

Given that the top 1 % generally spend a lot of their life in the middle class, this is a profoundly idiotic, but typical comment from a regressive class baiter.

Upward mobility has never been worse, dupe. See OP

Never been worse than under Obama, right Hater Dupe

Still Reaganism, MORON.

It's your BOY that has failed.

 

[Dont Taz Me Bro]

Defended to the death by the bought off, big money, greedy idiot billionaire, brainwashing New BS GOP.

The Demise of the American Middle Class In Numbers.

Over the past 35 years the American dream has gradually disappeared. The process was slow, so most people didn’t notice. They just worked a few more hours, borrowed a little more and cut back on non-essentials. But looking at the numbers and comparing them over long time periods, it is obvious that things have changed drastically. Here are the details:

1. WORKERS PRODUCE MORE BUT THE GAINS GO TO BUSINESS.

Over the past 63 years worker productivity has grown by 2.0% per year.

But after 1980, workers received a smaller share every year. Labor’s share of income (1992 = 100%):

1950 = 101%
1960 = 105%
1970 = 105%
1980 = 105% – Reagan
1990 = 100%
2000 = 96%
2007 = 92%

A 13% drop since 1980

2. THE TOP 10% GET A LARGER SHARE.

Share of National Income going to Top 10%:

1950 = 35%
1960 = 34%
1970 = 34%
1980 = 34% – Reagan
1990 = 40%
2000 = 47%
2007 = 50%

An increase of 16% since Reagan.

3. WORKERS COMPENSATED FOR THE LOSS OF INCOME BY SPENDING THEIR SAVINGS.

The savings Rose up to Reagan and fell during and after.

1950 = 6.0%
1960 = 7.0%
1970 = 8.5%
1980 = 10.0% – Reagan
1982 = 11.2% – Peak
1990 = 7.0%
2000 = 2.0%
2006 = -1.1% (Negative = withdrawing from savings)

A 12.3% drop after Reagan.

4. WORKERS ALSO BORROWED TO MAKE UP FOR THE LOSS.

Household Debt as percentage of GDP:

1965 = 46%
1970 = 45%
1980 = 50% – Reagan
1990 = 61%
2000 = 69%
2007 = 95%

A 45% increase after 1980.

5. SO THE GAP BETWEEN THE RICHEST AND THE POOREST HAS GROWN.

Gap Between the Share of Capital Income earned by the top 1%
and the bottom 80%:

1980 = 10%
2003 = 56%

A 5.6 times increase.

6. AND THE AMERICAN DREAM IS GONE.

The Probably of Moving Up from the Bottom 40% to the Top 40%:

1945 = 12%
1958 = 6%
1990 = 3%
2000 = 2%

A 10% Decrease.

Links:

1 = ftp://ftp.bls.gov/pub/special.requests/pf/totalf1.txt
1 = https://www.clevelandfed.org/Research/PolicyDis/No7Nov04.pdf
1 = Clipboard01.jpg (image)
2 – Congratulations to Emmanuel Saez
3 = http://www.demos.org/inequality/images/charts/uspersonalsaving_thumb.gif
3 = U.S. Bureau of Economic Analysis (BEA)
4 = Federated Prudent Bear Fund (A): Overview
4 = FRB: Z.1 Release--Financial Accounts of the United States--March 10, 2016
5/6 = 15 Mind-Blowing Facts About Wealth And Inequality In America

Overview = http://www.ourfuture.org/blog-entry/2010062415/reagan-revolution-home-roost-charts

Did anyone else know Reagan was president in 1980? That must be Franco's little secret.

 

[Dont Taz Me Bro]

1. WORKERS PRODUCE MORE BUT THE GAINS GO TO BUSINESS.

One of the most stupidest arguments I have ever heard





.

Who cares about facts? Certainly not GOPers.

Or the OP apparently, since Reagan wasn't president until 1981

 

[francoHFW]

The middle class is a threat to the 1 percent. Gotta stomp on em. Only in america. Heck there are folk here who are upset a Verizon worker got a small raise. How weird is that?

Given that the top 1 % generally spend a lot of their life in the middle class, this is a profoundly idiotic, but typical comment from a regressive class baiter.

Upward mobility has never been worse, dupe. See OP

Upward mobility has never been worse, dupe. See OP

Holy crap, Lmao........

The messiah has been in charge for over seven years and these guys still bitch...


.

Total GOP obstruction since 2/4/2010, IDIOT. But thanks for the stupidest wars EVER AND a corrupt WORLD DEPRESSION, brainwashed functional MORON. And of course, the continuation of 30 years of Reaganist wrecking the nonrich and the country. You people are the most ignorant racist voters in the modern world. Trump/Palin!! Idiots.

 

[francoHFW]

1. WORKERS PRODUCE MORE BUT THE GAINS GO TO BUSINESS.

One of the most stupidest arguments I have ever heard





.

Who cares about facts? Certainly not GOPers.

Or the OP apparently, since Reagan wasn't president until 1981

That's 35 1/2 years, stupid.
The Demise of the American Middle Class In Numbers.
Over the past 35 years the American dream has gradually disappeared. The process was slow, so most people didn’t notice. They just worked a few more hours, borrowed a little more and cut back on non-essentials. But looking at the numbers and comparing them over long time periods, it is obvious that things have changed drastically. Here are the details:
1. WORKERS PRODUCE MORE BUT THE GAINS GO TO BUSINESS.
Over the past 63 years worker productivity has grown by 2.0% per year.
But after 1980, workers received a smaller share every year. Labor’s share of income (1992 = 100%):
1950 = 101%
1960 = 105%
1970 = 105%
1980 = 105% – Reagan
1990 = 100%
2000 = 96%
2007 = 92%
A 13% drop since 1980
2. THE TOP 10% GET A LARGER SHARE.
Share of National Income going to Top 10%:
1950 = 35%
1960 = 34%
1970 = 34%
1980 = 34% – Reagan
1990 = 40%
2000 = 47%
2007 = 50%
An increase of 16% since Reagan.
3. WORKERS COMPENSATED FOR THE LOSS OF INCOME BY SPENDING THEIR SAVINGS.
The savings Rose up to Reagan and fell during and after.
1950 = 6.0%
1960 = 7.0%
1970 = 8.5%
1980 = 10.0% – Reagan
1982 = 11.2% – Peak
1990 = 7.0%
2000 = 2.0%
2006 = -1.1% (Negative = withdrawing from savings)
A 12.3% drop after Reagan.
4. WORKERS ALSO BORROWED TO MAKE UP FOR THE LOSS.
Household Debt as percentage of GDP:
1965 = 46%
1970 = 45%
1980 = 50% – Reagan
1990 = 61%
2000 = 69%
2007 = 95%
A 45% increase after 1980.
5. SO THE GAP BETWEEN THE RICHEST AND THE POOREST HAS GROWN.
Gap Between the Share of Capital Income earned by the top 1%
and the bottom 80%:
1980 = 10%
2003 = 56%
A 5.6 times increase.
6. AND THE AMERICAN DREAM IS GONE.
The Probably of Moving Up from the Bottom 40% to the Top 40%:
1945 = 12%
1958 = 6%
1990 = 3%
2000 = 2%
A 10% Decrease.
Links:
1 = ftp://ftp.bls.gov/pub/special.requests/pf/totalf1.txt
1 = https://www.clevelandfed.org/Research/PolicyDis/No7Nov04.pdf
1 = http://2.bp.blogspot.com/_Zh1bveXc8rA/SuddUhLWUaI/AAAAAAAAA7M/iU2gefk317M/s1600-h/Clipboard01.jpg
2 – http://www.whitehouse.gov/omb/blog/09/04/27/CongratulationstoEmmanuelSaez/
3 = http://www.demos.org/inequality/images/charts/uspersonalsaving_thumb.gif
3 = http://www.bea.gov/national/nipaweb/TableView.asp?SelectedTable=58&Freq=Qtr&FirstYear=2008&LastYear=2010
4 = http://www.prudentbear.com/index.php/household-sector-debt-of-gdp
4 = http://www.federalreserve.gov/releases/z1/current/
5/6 = http://www.businessinsider.com/15-charts-about-wealth-and-inequality-in-america-2010-4?slop=1#slideshow-start
Overview = http://www.ourfuture.org/blog-entry/2010062415/reagan-revolution-home-roost-charts

 

[LogikAndReazon]

Higher taxes for the people !!! Lmfao

 

[Indeependent]

Defended to the death by the bought off, big money, greedy idiot billionaire, brainwashing New BS GOP.

The Demise of the American Middle Class In Numbers.

Over the past 35 years the American dream has gradually disappeared. The process was slow, so most people didn’t notice. They just worked a few more hours, borrowed a little more and cut back on non-essentials. But looking at the numbers and comparing them over long time periods, it is obvious that things have changed drastically. Here are the details:

1. WORKERS PRODUCE MORE BUT THE GAINS GO TO BUSINESS.

Over the past 63 years worker productivity has grown by 2.0% per year.

But after 1980, workers received a smaller share every year. Labor’s share of income (1992 = 100%):

1950 = 101%
1960 = 105%
1970 = 105%
1980 = 105% – Reagan
1990 = 100%
2000 = 96%
2007 = 92%

A 13% drop since 1980

2. THE TOP 10% GET A LARGER SHARE.

Share of National Income going to Top 10%:

1950 = 35%
1960 = 34%
1970 = 34%
1980 = 34% – Reagan
1990 = 40%
2000 = 47%
2007 = 50%

An increase of 16% since Reagan.

3. WORKERS COMPENSATED FOR THE LOSS OF INCOME BY SPENDING THEIR SAVINGS.

The savings Rose up to Reagan and fell during and after.

1950 = 6.0%
1960 = 7.0%
1970 = 8.5%
1980 = 10.0% – Reagan
1982 = 11.2% – Peak
1990 = 7.0%
2000 = 2.0%
2006 = -1.1% (Negative = withdrawing from savings)

A 12.3% drop after Reagan.

4. WORKERS ALSO BORROWED TO MAKE UP FOR THE LOSS.

Household Debt as percentage of GDP:

1965 = 46%
1970 = 45%
1980 = 50% – Reagan
1990 = 61%
2000 = 69%
2007 = 95%

A 45% increase after 1980.

5. SO THE GAP BETWEEN THE RICHEST AND THE POOREST HAS GROWN.

Gap Between the Share of Capital Income earned by the top 1%
and the bottom 80%:

1980 = 10%
2003 = 56%

A 5.6 times increase.

6. AND THE AMERICAN DREAM IS GONE.

The Probably of Moving Up from the Bottom 40% to the Top 40%:

1945 = 12%
1958 = 6%
1990 = 3%
2000 = 2%

A 10% Decrease.

Links:

1 = ftp://ftp.bls.gov/pub/special.requests/pf/totalf1.txt
1 = https://www.clevelandfed.org/Research/PolicyDis/No7Nov04.pdf
1 = Clipboard01.jpg (image)
2 – Congratulations to Emmanuel Saez
3 = http://www.demos.org/inequality/images/charts/uspersonalsaving_thumb.gif
3 = U.S. Bureau of Economic Analysis (BEA)
4 = Federated Prudent Bear Fund (A): Overview
4 = FRB: Z.1 Release--Financial Accounts of the United States--March 10, 2016
5/6 = 15 Mind-Blowing Facts About Wealth And Inequality In America

Overview = http://www.ourfuture.org/blog-entry/2010062415/reagan-revolution-home-roost-charts

Did anyone else know Reagan was president in 1980? That must be Franco's little secret.

Strawman...The post indicates the plunge in opportunity since President Globalism.

 

[Norman]

1. WORKERS PRODUCE MORE BUT THE GAINS GO TO BUSINESS.

One of the most stupidest arguments I have ever heard





.

Who cares about facts? Certainly not GOPers.

Or the OP apparently, since Reagan wasn't president until 1981

It's absolutely scary that this person was a teacher. Poor kids.

Yet the reason for the positions and inability to be rational (massive conflict of interest), has been identified.

 

[francoHFW]

The greatest tax receipts in history and obama keeps running up the debt more than any president in history

Federal Receipt and Outlay Summary

300 billion+ a year STILL for victims of the corrupt GOP WORLD DEPRESSION. Used to be a TRILLION, doofus dupe. The ignorance is amazing.

 

[Wyatt earp]

1. WORKERS PRODUCE MORE BUT THE GAINS GO TO BUSINESS.

One of the most stupidest arguments I have ever heard





.

Who cares about facts? Certainly not GOPers.

Or the OP apparently, since Reagan wasn't president until 1981

That's 35 1/2 years, stupid.
The Demise of the American Middle Class In Numbers.
Over the past 35 years the American dream has gradually disappeared. The process was slow, so most people didn’t notice. They just worked a few more hours, borrowed a little more and cut back on non-essentials. But looking at the numbers and comparing them over long time periods, it is obvious that things have changed drastically. Here are the details:
1. WORKERS PRODUCE MORE BUT THE GAINS GO TO BUSINESS.
Over the past 63 years worker productivity has grown by 2.0% per year.
But after 1980, workers received a smaller share every year. Labor’s share of income (1992 = 100%):
1950 = 101%
1960 = 105%
1970 = 105%
1980 = 105% – Reagan
1990 = 100%
2000 = 96%
2007 = 92%
A 13% drop since 1980
2. THE TOP 10% GET A LARGER SHARE.
Share of National Income going to Top 10%:
1950 = 35%
1960 = 34%
1970 = 34%
1980 = 34% – Reagan
1990 = 40%
2000 = 47%
2007 = 50%
An increase of 16% since Reagan.
3. WORKERS COMPENSATED FOR THE LOSS OF INCOME BY SPENDING THEIR SAVINGS.
The savings Rose up to Reagan and fell during and after.
1950 = 6.0%
1960 = 7.0%
1970 = 8.5%
1980 = 10.0% – Reagan
1982 = 11.2% – Peak
1990 = 7.0%
2000 = 2.0%
2006 = -1.1% (Negative = withdrawing from savings)
A 12.3% drop after Reagan.
4. WORKERS ALSO BORROWED TO MAKE UP FOR THE LOSS.
Household Debt as percentage of GDP:
1965 = 46%
1970 = 45%
1980 = 50% – Reagan
1990 = 61%
2000 = 69%
2007 = 95%
A 45% increase after 1980.
5. SO THE GAP BETWEEN THE RICHEST AND THE POOREST HAS GROWN.
Gap Between the Share of Capital Income earned by the top 1%
and the bottom 80%:
1980 = 10%
2003 = 56%
A 5.6 times increase.
6. AND THE AMERICAN DREAM IS GONE.
The Probably of Moving Up from the Bottom 40% to the Top 40%:
1945 = 12%
1958 = 6%
1990 = 3%
2000 = 2%
A 10% Decrease.
Links:
1 = ftp://ftp.bls.gov/pub/special.requests/pf/totalf1.txt
1 = https://www.clevelandfed.org/Research/PolicyDis/No7Nov04.pdf
1 = http://2.bp.blogspot.com/_Zh1bveXc8rA/SuddUhLWUaI/AAAAAAAAA7M/iU2gefk317M/s1600-h/Clipboard01.jpg
2 – http://www.whitehouse.gov/omb/blog/09/04/27/CongratulationstoEmmanuelSaez/
3 = http://www.demos.org/inequality/images/charts/uspersonalsaving_thumb.gif
3 = http://www.bea.gov/national/nipaweb/TableView.asp?SelectedTable=58&Freq=Qtr&FirstYear=2008&LastYear=2010
4 = http://www.prudentbear.com/index.php/household-sector-debt-of-gdp
4 = http://www.federalreserve.gov/releases/z1/current/
5/6 = http://www.businessinsider.com/15-charts-about-wealth-and-inequality-in-america-2010-4?slop=1#slideshow-start
Overview = http://www.ourfuture.org/blog-entry/2010062415/reagan-revolution-home-roost-charts

1. WORKERS PRODUCE MORE BUTTHE GAINS GO TO BUSINESS.



Still confused on how workers produced more?


Stupid asshat



.

 

[francoHFW]

1. WORKERS PRODUCE MORE BUT THE GAINS GO TO BUSINESS.

One of the most stupidest arguments I have ever heard





.

Who cares about facts? Certainly not GOPers.

Or the OP apparently, since Reagan wasn't president until 1981

And? Point is, things went south After 1980 DUH. Back to school idiot. AND brainwashed.

 

[francoHFW]

1. WORKERS PRODUCE MORE BUT THE GAINS GO TO BUSINESS.

One of the most stupidest arguments I have ever heard





.

Who cares about facts? Certainly not GOPers.

Or the OP apparently, since Reagan wasn't president until 1981

That's 35 1/2 years, stupid.
The Demise of the American Middle Class In Numbers.
Over the past 35 years the American dream has gradually disappeared. The process was slow, so most people didn’t notice. They just worked a few more hours, borrowed a little more and cut back on non-essentials. But looking at the numbers and comparing them over long time periods, it is obvious that things have changed drastically. Here are the details:
1. WORKERS PRODUCE MORE BUT THE GAINS GO TO BUSINESS.
Over the past 63 years worker productivity has grown by 2.0% per year.
But after 1980, workers received a smaller share every year. Labor’s share of income (1992 = 100%):
1950 = 101%
1960 = 105%
1970 = 105%
1980 = 105% – Reagan
1990 = 100%
2000 = 96%
2007 = 92%
A 13% drop since 1980
2. THE TOP 10% GET A LARGER SHARE.
Share of National Income going to Top 10%:
1950 = 35%
1960 = 34%
1970 = 34%
1980 = 34% – Reagan
1990 = 40%
2000 = 47%
2007 = 50%
An increase of 16% since Reagan.
3. WORKERS COMPENSATED FOR THE LOSS OF INCOME BY SPENDING THEIR SAVINGS.
The savings Rose up to Reagan and fell during and after.
1950 = 6.0%
1960 = 7.0%
1970 = 8.5%
1980 = 10.0% – Reagan
1982 = 11.2% – Peak
1990 = 7.0%
2000 = 2.0%
2006 = -1.1% (Negative = withdrawing from savings)
A 12.3% drop after Reagan.
4. WORKERS ALSO BORROWED TO MAKE UP FOR THE LOSS.
Household Debt as percentage of GDP:
1965 = 46%
1970 = 45%
1980 = 50% – Reagan
1990 = 61%
2000 = 69%
2007 = 95%
A 45% increase after 1980.
5. SO THE GAP BETWEEN THE RICHEST AND THE POOREST HAS GROWN.
Gap Between the Share of Capital Income earned by the top 1%
and the bottom 80%:
1980 = 10%
2003 = 56%
A 5.6 times increase.
6. AND THE AMERICAN DREAM IS GONE.
The Probably of Moving Up from the Bottom 40% to the Top 40%:
1945 = 12%
1958 = 6%
1990 = 3%
2000 = 2%
A 10% Decrease.
Links:
1 = ftp://ftp.bls.gov/pub/special.requests/pf/totalf1.txt
1 = https://www.clevelandfed.org/Research/PolicyDis/No7Nov04.pdf
1 = http://2.bp.blogspot.com/_Zh1bveXc8rA/SuddUhLWUaI/AAAAAAAAA7M/iU2gefk317M/s1600-h/Clipboard01.jpg
2 – http://www.whitehouse.gov/omb/blog/09/04/27/CongratulationstoEmmanuelSaez/
3 = http://www.demos.org/inequality/images/charts/uspersonalsaving_thumb.gif
3 = http://www.bea.gov/national/nipaweb/TableView.asp?SelectedTable=58&Freq=Qtr&FirstYear=2008&LastYear=2010
4 = http://www.prudentbear.com/index.php/household-sector-debt-of-gdp
4 = http://www.federalreserve.gov/releases/z1/current/
5/6 = http://www.businessinsider.com/15-charts-about-wealth-and-inequality-in-america-2010-4?slop=1#slideshow-start
Overview = http://www.ourfuture.org/blog-entry/2010062415/reagan-revolution-home-roost-charts

1. WORKERS PRODUCE MORE BUTTHE GAINS GO TO BUSINESS.



Still confused on how workers produced more?


Stupid asshat



.

Irrellevant, chump. WTH is wrong with you? lol. Point is the non-rich and the country have gone to hell under Reaganism, still defended to the death by greedy idiot billionares and fools like you...