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If we confiscated the entire wealth of the top one percent, we would have enough to pay off the federal debt and then run the government for about six months.If only a handful of billionaires paid their "fair share" (commie term) i could live a better life !!!
Just think of the social programs we could add !! Imagined equality today !
I'm whining about how they bribed politicians to give them all the toys; please don't multitask. You don't have enough memoryYou were whining that the rich don't spend enough.
Now you're whining that they bought all the toys.
Why do you whine so much?
Whiner says what?
By what definition of "earn" have billionaires been entitled to expropriate the lion's share of productivity gains since 1966?We all know they can spend people's money better than the individual that actually earned it
By what definition of "earn" have billionaires been entitled to expropriate the lion's share of productivity gains since 1966?
"As a result, the typical hourly wage for an American worker increased a measly $1.23 over the last 36 years, after accounting for inflation. Meanwhile, the top 1% have seen their incomes increase by 275% since Reagan's election. Today, workers’ wages as a percentage of GDP are at an all-time low. Yet, corporate profits as a percentage of GDP is at an all-time high."
Stop thinking like a slave.
http://www.nobillionaires.com/
The chosen starting point for the most-quoted part of the Piketty-Saez study is 1979. In that year the inflation rate was 13.3%, interest rates were 15.5% and the poverty rate was rising, but economic misery was distributed more equally than in any year since. That misery led to the election of Ronald Reagan, whose economic policies helped usher in 25 years of lower interest rates, lower inflation and high economic growth. But Messrs. Piketty and Saez tell us it was also a period where the rich got richer, the poor got poorer and only a relatively small number of Americans benefited from the economic booms of the Reagan and Clinton years.
If that dark picture doesn’t sound like the country you lived in, that’s because it isn’t. The Piketty-Saez study looked only at pretax cash market income. It did not take into account taxes. It left out noncash compensation such as employer-provided health insurance and pension contributions. It left out Social Security payments, Medicare and Medicaid benefits, and more than 100 other means-tested government programs. Realized capital gains were included, but not the first $500,000 from the sale of one’s home, which is tax-exempt. IRAs and 401(k)s were counted only when the money is taken out in retirement. Finally, the Piketty-Saez data are based on individual tax returns, which ignore, for any given household, the presence of multiple earners.
The result is dramatic. The bottom quintile of Americans experienced a 31% increase in income from 1979 to 2007 instead of a 33% decline that is found using a Piketty-Saez market-income measure alone. The income of the second quintile, often referred to as the working class, rose by 32%, not 0.7%. The income of the middle quintile, America’s middle class, increased by 37%, not 2.2%.
Yeah...move the dumbasses in the lower class to the middle class so they can be middle class dumbasses.Thom Hartmann has kicked off a new campaign called the "No Billionaires Campaign" which Fox News wasted little time in attacking.
See the second video in the link below (11:29 minute) for Greta's and Steven's reaction and Thom's response.
Hartmann wants a 100% tax on all wealth over $1 billion: "If you can't get by on a thousand million dollars, then you probably shouldn't have access to that much money in the first place."
"That money can lift 49 million Americans out of poverty and move the 46 million Americans on food stamps into the middle class. They will - by the 'invisible hand' of human instinct and need - better know how to spend the money and generate economic activity than the billionaire class, which currently has its excess trillions stashed in off-shore bank accounts."
http://www.nobillionaires.com/
Stephanie's a pimple on the Kochtopus:Gerogie isn't a liberal. He's a full blown commie/Fascist
How may Rockefeller grains of sand in total?Less than a century later, the richest Rockefeller today is worth $3 billion. He is the original Rockefeller's grandson.
Grains of sand.
A lot more than the one original Rockefeller. Do any of them have a monopoly on oil as he did?How may Rockefeller grains of sand in total?Less than a century later, the richest Rockefeller today is worth $3 billion. He is the original Rockefeller's grandson.
Grains of sand.
I'm supposed to believe an anonymous internet source, really?Those words are not Jefferson's.
Better than Rockefeller's dick up your ass.Sorry. You've been slam dunked. Your web site has been caught with its dick in its hand.
Still grasping at Jeffersonian straws?nobillionaires has been caught deliberately truncating a Jefferson quote because it directly opposes their aim. They attempted to hijack Jefferson and got caught
I'm supposed to believe an anonymous internet source, really?Those words are not Jefferson's.
In fact, Jefferson's quotes were offered only as one warning among many of the dangers to democracy when private wealth becomes powerful enough to influence or challenge government. Something corporate shills have trouble admitting, don't you?
Jefferson wrote, “Those seeking profits, were they given total freedom, would not be the ones to trust to keep government pure and our rights secure. Indeed, it has always been those seeking wealth who were the source of corruption in government. No other depositories of power have ever yet been found, which did not end in converting to their own profit the earnings of those committed to their charge."
By what definition of "earn" have billionaires been entitled to expropriate the lion's share of productivity gains since 1966?We all know they can spend people's money better than the individual that actually earned it
"As a result, the typical hourly wage for an American worker increased a measly $1.23 over the last 36 years, after accounting for inflation. Meanwhile, the top 1% have seen their incomes increase by 275% since Reagan's election. Today, workers’ wages as a percentage of GDP are at an all-time low. Yet, corporate profits as a percentage of GDP is at an all-time high."
Stop thinking like a slave.
http://www.nobillionaires.com/
The Forbes 400 do not make up the entirety of the top one percent.The forbes 400 networth as of 2014 is estimated at 2.3 trillion.... The national debt 17 trillion....
Still got Rockefeller's rich dick up your ass?Except Jefferson's full quote directly contradicts nobillionaires, dumbass.
Stephanie's a pimple on the Kochtopus:Gerogie isn't a liberal. He's a full blown commie/Fascist
"Back in 1980, David Koch, one half of the Kochtopus, ran as the Libertarian Party’s vice presidential candidate. And the platform that he ran on back in 1980 provides a great summary of what libertarianism is really about.
"First, libertarians want to 'urge the repeal of federal campaign finance laws, and the immediate abolition of the despotic Federal Election Commission.'
"In other words, they want to make it as easy as possible for corporations and wealthy billionaires to flood our democracy with corruptive cash and buy even more politicians.
"They want Citizen’s United on steroids – and then some.
You don t know what Libertarian means... Thom Hartmann - News info from the 1 progressive radio show
