francoHFW
Diamond Member
THE gop and Reaganism have been a disaster for the nonrich and the country. Pandering to the rich isimmoral AND idiotic, hater dupes. See sig para 1.
Dems are slowly turning the stupid ship of greed around...The first thing that had to be done was getting Big Health UNDER CONTROL AND PEOPLE ALL COVERED- with the rich paying more. NEXT- IMMIGRATION REFORM THAT WILL HUGELY HELP THE ECONOMY. The GOP argument against that is hate and envy...
The rich got rich in a FREE America, and so can anyone else. Its not their job to support your entitlements or to fund your protection or education
BS- tHEY GOT RICH IN A usa THAT FAVORITIZED THEM- AND RUINED THE NONRICH AND THE COUNTRY- CHANGE THE CHANNEL AND GET SOME REAL NEWS- gd shift key-....
Memorize the facts, hater dupes:
1. WORKERS past 63 years worker productivity has grown by 2.0% per year.But after 1980, workers received a smaller share every year. Labors share of income (1992 = 100%):1950 = 101%1960 = 105%1970 = 105%1980 = 105% Reagan1990 = 100%2000 = 96%2007 = 92%A 13% drop since 1980A 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% Reagan1990 = 40%2000 = 47%2007 = 50% TO MAKE UP FOR THE LOSS.Household Debt as percentage of GDP:1965 = 46%1970 = 45%1980 = 50% Reagan1990 = 61%2000 = 69%2007 = 95% 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% Reagan1982 = 11.2% Peak1990 = 7.0%2000 = 2.0%2006 = -1.1% (Negative = withdrawing from savings)
4. Household Debt as percentage of GDP:1965 = 46%1970 = 45%1980 = 50% Reagan1990 = 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 Probabilityy 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.txt1 = https://www.clevelandfed.org/Researc...s/No7Nov04.pdf1 = http://www.demos.org/inequality/imag...ving_thumb.gif3 = http://www.bea.gov/national/nipaweb/...&LastYear=20104 = http://www.prudentbear.com/index.php...or-debt-of-gdp4 = FRB: Z.1 Release--Financial Accounts of the United States--June 6, 20135/6 = Wealth And Inequality In America - Business Insider