It's what socialism does...

[francoHFW]

BS. Obama hasn't changed any laws, this is just the continuation of Reaganism killing the middle class and the country, even during 80 months straight of growth. But thanks for the corrupt deregulation GOP World Depressions, dupe.

Actually, he's made enough executive orders to make Franklin Roosevelt blush. Obamacare being one of those executive orders.

Here you go, since you apparently pay no attention.

I'd also like to point out that the 'growth' is a myth.
Here's the Missing Worker Rate, too.
Here's the true Unemployment Rate.

We've been losing jobs left and right, and businesses have been leaving the country. I don't really expect someone who thinks regulating businesses promotes hiring to know how the private sector, and economy as a whole, works.

Also: Executive orders signed by Obama, since you think he hasn't passed/changed any laws

BS.

What happened during Reagan: Tax hike for nonrich (payroll), huge debt, pal Saddam, pandering to rich...nothing's changed. Now everyone pays 20-30% in all taxes, and all the new wealth goes to the richest. NO DEMAND. Great job.

The Demise of the American Middle Class In Numbers.

Over the past 30 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

 

[SassyIrishLass]

People on the Right think socialism appeared out of nowhere for no reason.

There has always been a tendency among the weak willed to look to others for their salvation, rather than rely on themselves.

It;s interesting reading the comments and the ones defending socialism

 

[francoHFW]

People on the Right think socialism appeared out of nowhere for no reason.

There has always been a tendency among the weak willed to look to others for their salvation, rather than rely on themselves.

After 30 years of Voodoo: worst min. wage, work conditions, illegal work safeguards, vacations, work week, college costs, rich/poor gap, upward social mobility, % homeless and in prison EVAH, and in the modern world!! And you complain about the victims? Are you an idiot or an A-hole? Duped again..

I'm sorry- dupes are lovely people- but I can't take their lazy, ignorant, careless, stupid politics a minute longer. Sorry. And duped into being racist half the time.

 

[deltex1]

People on the Right think socialism appeared out of nowhere for no reason.

There has always been a tendency among the weak willed to look to others for their salvation, rather than rely on themselves.

After 30 years of Voodoo: worst min. wage, work conditions, illegal work safeguards, vacations, work week, college costs, rich/poor gap, upward social mobility, % homeless and in prison EVAH, and in the modern world!! And you complain about the victims? Are you an idiot or an A-hole? Duped again..

I'm sorry- dupes are lovely people- but I can't take their lazy, ignorant, careless, stupid politics a minute longer. Sorry. And duped into being racist half the time.

Does that mean you've given up? Sure hope so...you haven't had an original idea since kindergarten.

 

[NYcarbineer]

People on the Right think socialism appeared out of nowhere for no reason.

There has always been a tendency among the weak willed to look to others for their salvation, rather than rely on themselves.

Democratic socialism requires the People to be willing to help others as much or more than it represents people wanting something for nothing.

I support public education and accept my share of the responsibility to pay for it - I have no children and never will.

I support Medicaid for low income Americans - I will never draw a penny for myself out of all that I've paid in taxes toward it.

To a great extent:

To conservatives - socialism represents the greed of the poor.

To liberals - socialism represents the generosity of the well off.

 

[BIG YANK BAL 1976]

It not only breaks a nation financially, it ages it prematurely and lowers the female numbers... Lol

It's raining men! Sweden sees historic gender balance shift

Please go take your argument to a Bernie Sanders groupie..

Why are you so pissed off America is a Capitalist country??

Lol
America is far more socialist than it is anything else...

If America were a socialist country millions WOULDN'T BE WITHOUT HEALTHCARE, and folks wouldn't be working 2 or 3 jobs just to pay the rent, or working 50-60 hours a week, just to put food on the table, they would quit their jobs, and just live off uncle Sam..

You must have America confused with Canada, or France????, where they only work 32 hours a week.

 

[Rustic]

It not only breaks a nation financially, it ages it prematurely and lowers the female numbers... Lol

It's raining men! Sweden sees historic gender balance shift

Please go take your argument to a Bernie Sanders groupie..

Why are you so pissed off America is a Capitalist country??

Lol
America is far more socialist than it is anything else...

If America were a socialist country millions WOULDN'T BE WITHOUT HEALTHCARE, and folks wouldn't be working 2 or 3 jobs just to pay the rent, or working 50-60 hours a week, just to put food on the table, they would quit their jobs, and just live off uncle Sam..

You must have America confused with Canada, or France????, where they only work 32 hours a week.

...and they are worse off than us as a country, socialism is a cancer.

 

[deltex1]

People on the Right think socialism appeared out of nowhere for no reason.

There has always been a tendency among the weak willed to look to others for their salvation, rather than rely on themselves.

Democratic socialism requires the People to be willing to help others as much or more than it represents people wanting something for nothing.

I support public education and accept my share of the responsibility to pay for it - I have no children and never will.

I support Medicaid for low income Americans - I will never draw a penny for myself out of all that I've paid in taxes toward it.

To a great extent:

To conservatives - socialism represents the greed of the poor.

To liberals - socialism represents the generosity of the well off.

Socialism drastically reduces the opportunity of the well off to be well off...while encouraging the not well off to be not well off...and rely on an underfunded government to pretend it's not underfunded...by borrowing until it's broke.

 

[SassyIrishLass]

People on the Right think socialism appeared out of nowhere for no reason.

There has always been a tendency among the weak willed to look to others for their salvation, rather than rely on themselves.

Democratic socialism requires the People to be willing to help others as much or more than it represents people wanting something for nothing.

I support public education and accept my share of the responsibility to pay for it - I have no children and never will.

I support Medicaid for low income Americans - I will never draw a penny for myself out of all that I've paid in taxes toward it.

To a great extent:

To conservatives - socialism represents the greed of the poor.

To liberals - socialism represents the generosity of the well off.

Socialism drastically reduces the opportunity of the well off to be well off...while encouraging the not well off to be not well off...and rely on an underfunded government to pretend it's not underfunded...by borrowing until it's broke.

Excellent.....but a dumb downed progtard will never grasp it

 

[Pumpkin Row]

BS.

What happened during Reagan: Tax hike for nonrich (payroll), huge debt, pal Saddam, pandering to rich...nothing's changed. Now everyone pays 20-30% in all taxes, and all the new wealth goes to the richest. NO DEMAND. Great job.

The Demise of the American Middle Class In Numbers.

Over the past 30 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%):

First, if gains didn't go to business, there would be no incentive to even have a business. That's why employers don't pay you what you're worth, they pay you a bit less than what you're worth, so they can still make a profit. Also, the less they pay their employees, the less they can sell to their consumers. What they pay has to be a living wage for their own benefit.

A 13% drop since 1980

2. THE TOP 10% GET A LARGER SHARE.

Share of National Income going to Top 10%:

Ever expanding businesses make more as time goes on. Go figure.

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.

It's cute how you're ignoring Jimmy Carter running the economy into a ditch, and blaming it on Ronald Reagan.

A 12.3% drop after Reagan.

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


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

There's a saying I like to point out to the left, because they ignore it. The rich continue to do what it was that made them rich, the poor do what it was that made them poor. If said poor have kids, more often than not, they do the same as what their parents did.

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%:

While you live in America, it's your job to succeed. Americans have been creating and growing their own businesses since the founding of this nation, they came here with nothing but the clothes on their backs, and sometimes even less than that. No, the American dream isn't gone, the drive to succeed is gone. People expect someone else to succeed for them, and then demand that person's money that he earned themselves.

After 30 years of Voodoo: worst min. wage, work conditions, illegal work safeguards, vacations, work week, college costs, rich/poor gap, upward social mobility, % homeless and in prison EVAH, and in the modern world!! And you complain about the victims? Are you an idiot or an A-hole? Duped again..

I'm sorry- dupes are lovely people- but I can't take their lazy, ignorant, careless, stupid politics a minute longer. Sorry. And duped into being racist half the time.

Hey, can't fix stupid, especially when coupled with lazy. They're victims only of their own stupidity and laziness. Most people, today, want to live a meaningless life and die a meaningless death, while during the founding of this nation, and for a VERY long time after, people dreamed big and did everything in their power to fulfill that dream. With the help of Liberal whackjobs that have basically served them everything on a platter, by taking money from the successful in the nation, and giving it to the laziest people, giving them food stamps, unemployment benefits, welfare, and then instilling heavy doses of wealth envy, trying to convince them that the successful are somehow evil inherently. Want people to succeed? Maybe the Democrats should stop convincing them that it's evil to do so, and then handing them everything in life.

 

[bripat9643]

People on the Right think socialism appeared out of nowhere for no reason.

There has always been a tendency among the weak willed to look to others for their salvation, rather than rely on themselves.

Democratic socialism requires the People to be willing to help others as much or more than it represents people wanting something for nothing.

I support public education and accept my share of the responsibility to pay for it - I have no children and never will.

I support Medicaid for low income Americans - I will never draw a penny for myself out of all that I've paid in taxes toward it.

To a great extent:

To conservatives - socialism represents the greed of the poor.

To liberals - socialism represents the generosity of the well off.

"Generosity" doesn't include giving other people's money away.

 

[Rustic]

People on the Right think socialism appeared out of nowhere for no reason.

There has always been a tendency among the weak willed to look to others for their salvation, rather than rely on themselves.

Democratic socialism requires the People to be willing to help others as much or more than it represents people wanting something for nothing.

I support public education and accept my share of the responsibility to pay for it - I have no children and never will.

I support Medicaid for low income Americans - I will never draw a penny for myself out of all that I've paid in taxes toward it.

To a great extent:

To conservatives - socialism represents the greed of the poor.

To liberals - socialism represents the generosity of the well off.

In a capitalist free society no one's mandated do anything financially, those things that are needed will take care of themselves. Meaning freeloaders will not be tolerated and will move elsewhere.
The problem with socialism in great part is the fact it never plans for the future, it takes without giving.

 

[Rustic]

People on the Right think socialism appeared out of nowhere for no reason.

There has always been a tendency among the weak willed to look to others for their salvation, rather than rely on themselves.

Democratic socialism requires the People to be willing to help others as much or more than it represents people wanting something for nothing.

I support public education and accept my share of the responsibility to pay for it - I have no children and never will.

I support Medicaid for low income Americans - I will never draw a penny for myself out of all that I've paid in taxes toward it.

To a great extent:

To conservatives - socialism represents the greed of the poor.

To liberals - socialism represents the generosity of the well off.

Socialism drastically reduces the opportunity of the well off to be well off...while encouraging the not well off to be not well off...and rely on an underfunded government to pretend it's not underfunded...by borrowing until it's broke.

...socialism and freedom are like oil and water.

 

[Rustic]

People on the Right think socialism appeared out of nowhere for no reason.

There has always been a tendency among the weak willed to look to others for their salvation, rather than rely on themselves.

Democratic socialism requires the People to be willing to help others as much or more than it represents people wanting something for nothing.

I support public education and accept my share of the responsibility to pay for it - I have no children and never will.

I support Medicaid for low income Americans - I will never draw a penny for myself out of all that I've paid in taxes toward it.

To a great extent:

To conservatives - socialism represents the greed of the poor.

To liberals - socialism represents the generosity of the well off.

Socialism drastically reduces the opportunity of the well off to be well off...while encouraging the not well off to be not well off...and rely on an underfunded government to pretend it's not underfunded...by borrowing until it's broke.

...socialism and freedom are like oil and water.

The career politicians and their federal government have gotten used to the fact of being able to tax unchecked, that is what brought us to the point of - pasted the point of no return...

 

[imawhosure]

BS. Obama hasn't changed any laws, this is just the continuation of Reaganism killing the middle class and the country, even during 80 months straight of growth. But thanks for the corrupt deregulation GOP World Depressions, dupe.

Actually, he's made enough executive orders to make Franklin Roosevelt blush. Obamacare being one of those executive orders.

Here you go, since you apparently pay no attention.

I'd also like to point out that the 'growth' is a myth.
Here's the Missing Worker Rate, too.
Here's the true Unemployment Rate.

We've been losing jobs left and right, and businesses have been leaving the country. I don't really expect someone who thinks regulating businesses promotes hiring to know how the private sector, and economy as a whole, works.

Also: Executive orders signed by Obama, since you think he hasn't passed/changed any laws

BS.

What happened during Reagan: Tax hike for nonrich (payroll), huge debt, pal Saddam, pandering to rich...nothing's changed. Now everyone pays 20-30% in all taxes, and all the new wealth goes to the richest. NO DEMAND. Great job.

The Demise of the American Middle Class In Numbers.

Over the past 30 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

People on the Right think socialism appeared out of nowhere for no reason.

There has always been a tendency among the weak willed to look to others for their salvation, rather than rely on themselves.

It;s interesting reading the comments and the ones defending socialism

I would like to ask the DUPESTER if he thinks that ANY of these changes have to do with the economy going global? Gee, exactly when did that really start happening? Hmmmmm, don't I remember a certain President getting PISSED about Japanese dumping of motorcycles and putting a tariff on said motorcycles? Or, how about autos! Didn't a certain HATED President threaten to put tariffs for certain countries for dumping if they didn't stop? Where have I heard the phrase, "trigger price mechanism?" Oh yeah, I remember clearly a threat on over seas steel also from Germany, as they tried to flood the market with LESS THAN PROFITABLE steel, in an attempt to put our firms under. Same with ALCOA aluminum under pressure. But that horse shit President can kiss our patootie, because he saved all those businesses and corporations, by telling those countries to BACK OFF, while telling those firms you have x amount of years (usually 4 or 5) before he would no longer protect them. In other words, they had that long to retool.

Now I ask you----------> who remembers that WAS WHEN foreign automakers basically started moving plants here? It was because they were afraid of Reagan, and knew if they DUMPED, he would shut them down! They knew that if it was AMERICANS building the Toyota's, politically no President could then do it. All they had to do was keep their market closed to us, charge their people great prices, then could low ball American built Toyotas to Americans, and knock the big 3 into oblivion. But that is a subject for a different post, and I have no doubt, Socialist super duper party pooper Franco, has no idea what I am saying, lol.

Point is------------>when globalization went crazy, so did how pay structure worked. When you are fending off foreign raiders who are undercutting your price because your cost is so high compared to theirs, how would you deflect that? Correct, keep more of the profit on the company's side of the ledger instead of in employee compensation, from the rise in productivity. But super duper doesn't get that, his solution was to MAKE THEM PAY! Guess what, most of them took their factories and left, but it is not people like super dupers fault, oh nooooooooo, it is the owners that did it. They were supposed to go broke paying duper and friends 25 bucks an hr, while what was imported was making 3 bucks an hr to their employees.

Oh, and 1 more thing for Socialist, comrade, super duper, party pooper------------> I like the way you show how much more money is going to the top 10%. Is that true? Of course it is you DUNCE, because they are the ones most heavily invested in the stock market, lol. If you look at where the market was in 1980, and look at where it is now, even with the ups and downs, a person who is IN the stock market heavily, is going to be much further ahead then someone who is not. Who had the most disposable income? Well let me see, can I guess! The bottom 20%, lol. NOOOOOOOOOOO you fool, the top 10%, because they EARNED it. So they invested, and got a whole lot more. Maybe you should teach some of the poverty people how to do it! Once they get their, they will turn into conservatives faster than Steph Curry can sink a 3 pointer-)

Oh yes, and one more thing there super duper, what President signed NAFTA, and which President wants TPP? So I don't want to here about Reagan, you better start crying about Clinton and Obysmal-)

 

[francoHFW]

People on the Right think socialism appeared out of nowhere for no reason.

There has always been a tendency among the weak willed to look to others for their salvation, rather than rely on themselves.

After 30 years of Voodoo: worst min. wage, work conditions, illegal work safeguards, vacations, work week, college costs, rich/poor gap, upward social mobility, % homeless and in prison EVAH, and in the modern world!! And you complain about the victims? Are you an idiot or an A-hole? Duped again..

I'm sorry- dupes are lovely people- but I can't take their lazy, ignorant, careless, stupid politics a minute longer. Sorry. And duped into being racist half the time.

Does that mean you've given up? Sure hope so...you haven't had an original idea since kindergarten.

It means you are a brainwashed functional a-hole who blames poor people for true GOP a-holes wrecking the middle class and poor and the country, fool/racist(?) hater dupe. Read and THINK. Blaming the victims of greedy idiot GOP billionaires is STUPID.

 

[francoHFW]

People on the Right think socialism appeared out of nowhere for no reason.

There has always been a tendency among the weak willed to look to others for their salvation, rather than rely on themselves.

Democratic socialism requires the People to be willing to help others as much or more than it represents people wanting something for nothing.

I support public education and accept my share of the responsibility to pay for it - I have no children and never will.

I support Medicaid for low income Americans - I will never draw a penny for myself out of all that I've paid in taxes toward it.

To a great extent:

To conservatives - socialism represents the greed of the poor.

To liberals - socialism represents the generosity of the well off.

Socialism drastically reduces the opportunity of the well off to be well off...while encouraging the not well off to be not well off...and rely on an underfunded government to pretend it's not underfunded...by borrowing until it's broke.

...socialism and freedom are like oil and water.

The career politicians and their federal government have gotten used to the fact of being able to tax unchecked, that is what brought us to the point of - pasted the point of no return...

The federal gov't (GOP) refuses to tax the rich enough, so NOW if you count ALL TAXES AND FEES, we have basically a flat tax, killing the non rich and the country. BRAINWASHED GOP FUNCTIONAL MORONS. Want a diagram?

 

[francoHFW]

BS. Obama hasn't changed any laws, this is just the continuation of Reaganism killing the middle class and the country, even during 80 months straight of growth. But thanks for the corrupt deregulation GOP World Depressions, dupe.

Actually, he's made enough executive orders to make Franklin Roosevelt blush. Obamacare being one of those executive orders.

Here you go, since you apparently pay no attention.

I'd also like to point out that the 'growth' is a myth.
Here's the Missing Worker Rate, too.
Here's the true Unemployment Rate.

We've been losing jobs left and right, and businesses have been leaving the country. I don't really expect someone who thinks regulating businesses promotes hiring to know how the private sector, and economy as a whole, works.

Also: Executive orders signed by Obama, since you think he hasn't passed/changed any laws

BS.

What happened during Reagan: Tax hike for nonrich (payroll), huge debt, pal Saddam, pandering to rich...nothing's changed. Now everyone pays 20-30% in all taxes, and all the new wealth goes to the richest. NO DEMAND. Great job.

The Demise of the American Middle Class In Numbers.

Over the past 30 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

People on the Right think socialism appeared out of nowhere for no reason.

There has always been a tendency among the weak willed to look to others for their salvation, rather than rely on themselves.

It;s interesting reading the comments and the ones defending socialism

I would like to ask the DUPESTER if he thinks that ANY of these changes have to do with the economy going global? Gee, exactly when did that really start happening? Hmmmmm, don't I remember a certain President getting PISSED about Japanese dumping of motorcycles and putting a tariff on said motorcycles? Or, how about autos! Didn't a certain HATED President threaten to put tariffs for certain countries for dumping if they didn't stop? Where have I heard the phrase, "trigger price mechanism?" Oh yeah, I remember clearly a threat on over seas steel also from Germany, as they tried to flood the market with LESS THAN PROFITABLE steel, in an attempt to put our firms under. Same with ALCOA aluminum under pressure. But that horse shit President can kiss our patootie, because he saved all those businesses and corporations, by telling those countries to BACK OFF, while telling those firms you have x amount of years (usually 4 or 5) before he would no longer protect them. In other words, they had that long to retool.

Now I ask you----------> who remembers that WAS WHEN foreign automakers basically started moving plants here? It was because they were afraid of Reagan, and knew if they DUMPED, he would shut them down! They knew that if it was AMERICANS building the Toyota's, politically no President could then do it. All they had to do was keep their market closed to us, charge their people great prices, then could low ball American built Toyotas to Americans, and knock the big 3 into oblivion. But that is a subject for a different post, and I have no doubt, Socialist super duper party pooper Franco, has no idea what I am saying, lol.

Point is------------>when globalization went crazy, so did how pay structure worked. When you are fending off foreign raiders who are undercutting your price because your cost is so high compared to theirs, how would you deflect that? Correct, keep more of the profit on the company's side of the ledger instead of in employee compensation, from the rise in productivity. But super duper doesn't get that, his solution was to MAKE THEM PAY! Guess what, most of them took their factories and left, but it is not people like super dupers fault, oh nooooooooo, it is the owners that did it. They were supposed to go broke paying duper and friends 25 bucks an hr, while what was imported was making 3 bucks an hr to their employees.

Oh, and 1 more thing for Socialist, comrade, super duper, party pooper------------> I like the way you show how much more money is going to the top 10%. Is that true? Of course it is you DUNCE, because they are the ones most heavily invested in the stock market, lol. If you look at where the market was in 1980, and look at where it is now, even with the ups and downs, a person who is IN the stock market heavily, is going to be much further ahead then someone who is not. Who had the most disposable income? Well let me see, can I guess! The bottom 20%, lol. NOOOOOOOOOOO you fool, the top 10%, because they EARNED it. So they invested, and got a whole lot more. Maybe you should teach some of the poverty people how to do it! Once they get their, they will turn into conservatives faster than Steph Curry can sink a 3 pointer-)

Oh yes, and one more thing there super duper, what President signed NAFTA, and which President wants TPP? So I don't want to here about Reagan, you better start crying about Clinton and Obysmal-)

Nope, total bs , dupe.

Nafta was HW Booosh's plan. Clinton signed it but the GOP refuses to follow thru as promised with investment in education and training for good tech/Biz jobs that have now gone to Germany etc. Great job, doofuses. The USA has so many advantages we'd be fine without STUPID, shortsighted GOP shenanigans, fool.

Yup, congrats on the moronic, bought off GOP, close to ZERO capital gains taxes. Idiot.

 

[francoHFW]

People on the Right think socialism appeared out of nowhere for no reason.

There has always been a tendency among the weak willed to look to others for their salvation, rather than rely on themselves.

Democratic socialism requires the People to be willing to help others as much or more than it represents people wanting something for nothing.

I support public education and accept my share of the responsibility to pay for it - I have no children and never will.

I support Medicaid for low income Americans - I will never draw a penny for myself out of all that I've paid in taxes toward it.

To a great extent:

To conservatives - socialism represents the greed of the poor.

To liberals - socialism represents the generosity of the well off.

In a capitalist free society no one's mandated do anything financially, those things that are needed will take care of themselves. Meaning freeloaders will not be tolerated and will move elsewhere.
The problem with socialism in great part is the fact it never plans for the future, it takes without giving.

So when are your lying, thieving, brainwashing, do nothing GOP billionaires leaving, MORON hater dupe?

 

[francoHFW]

People on the Right think socialism appeared out of nowhere for no reason.

There has always been a tendency among the weak willed to look to others for their salvation, rather than rely on themselves.

Democratic socialism requires the People to be willing to help others as much or more than it represents people wanting something for nothing.

I support public education and accept my share of the responsibility to pay for it - I have no children and never will.

I support Medicaid for low income Americans - I will never draw a penny for myself out of all that I've paid in taxes toward it.

To a great extent:

To conservatives - socialism represents the greed of the poor.

To liberals - socialism represents the generosity of the well off.

"Generosity" doesn't include giving other people's money away.

Your empathy for a-hole thieving greedy idiot bloated GOP billionaires is touching, while we and the country are robbed blind. Ignorant hater dupe.