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LolThe fact remains that the middle class is going to hell under Reagan tax rates and policies.Na, not reallyIf you and your family have an accident or get sick, you are totally screwed and will lose everything.Lolyep let's keep going with the GOP giveaway to the rich and screwing you and everyone else, super dupe.Lol
Keep your socialism to yourselves, the rest of us want nothing to do with it. It does not require our participation...
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%
I’m doing just fine... without socialism
Yeah we can go back to pure poverty poor houses and Potter's fields. Great ideaLolThe fact remains that the middle class is going to hell under Reagan tax rates and policies.Na, not reallyIf you and your family have an accident or get sick, you are totally screwed and will lose everything.Lolyep let's keep going with the GOP giveaway to the rich and screwing you and everyone else, super dupe.
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%
I’m doing just fine... without socialism
Taxes help nobody but career politicians/deep state...
Oh I think the GOP can take some credit for World War II. Wrecked the league of Nations and the Versailles treaty, started the Great Depression that gave Hitler and the militarists in Japan their start. The GOP is always a catastrophe.LolParts of Europe are doing great. Better than us in a lot of ways. Poor statement.No thanks. One need not look any further than europe to see what a travesty it is.
Fuck Europe... Two world wars thanks to them
Now they started a world depression again in 2008 it cost many trillions of dollars to avert a full scale depression and assist the victims.Oh I think the GOP can take some credit for World War II. Wrecked the league of Nations and the Versailles treaty, started the Great Depression that gave Hitler and the militarists in Japan their start. The GOP is always a catastrophe.LolParts of Europe are doing great. Better than us in a lot of ways. Poor statement.No thanks. One need not look any further than europe to see what a travesty it is.
Fuck Europe... Two world wars thanks to them
Na, not reallyOh I think the GOP can take some credit for World War II. Wrecked the league of Nations and the Versailles treaty, started the Great Depression that gave Hitler and the militarists in Japan their start. The GOP is always a catastrophe.LolParts of Europe are doing great. Better than us in a lot of ways. Poor statement.No thanks. One need not look any further than europe to see what a travesty it is.
Fuck Europe... Two world wars thanks to them
LolNow they started a world depression again in 2008 it cost many trillions of dollars to avert a full scale depression and assist the victims.Oh I think the GOP can take some credit for World War II. Wrecked the league of Nations and the Versailles treaty, started the Great Depression that gave Hitler and the militarists in Japan their start. The GOP is always a catastrophe.LolParts of Europe are doing great. Better than us in a lot of ways. Poor statement.No thanks. One need not look any further than europe to see what a travesty it is.
Fuck Europe... Two world wars thanks to them
True. No one wants to be like Venezuela.For christ fkin sake dude. Venezuela is a universe away from what we are and do. Just stop. Even amongst the left we understand that America was born and succeeded primarily as a capitalist nation and we still want that core. The failure of capitalism is negative externalities, failed markets, an aversion to even trying to fix problems, growing economic inequality. What we want is to use more a socialist toolset to address some of these problems as we've seen other nations successfully do and on the name of the well being of the people. No one here is saying let's be Venezuela. So seriously stfu and turn off your rotten news source.Anybody with any common sense or capacity to commit logic is afraid of socialism. All you have to do is look at Venezuela to see why you have to be insane to adopt such economic policies.Who’s Afraid of Socialism? | Open Media Boston
"Capitalism’s incompatibility with majority interests has been reaffirmed by the current economic crisis.
"Earlier, the most severe effects of capitalism had been offset, within the US, by the progressive reforms of the 1930s.
"But capital’s political power was less restrained in this country than it was in the other rich countries.
"Flush with military might and bolstered by a mass right-wing culture of arrogant self-righteousness, US capital launched a withering counterattack against the New Deal legacy, culminating in an almost three-decade orgy of anti-welfare legislation, imperialist aggression, privatization, and deregulation."
Unrestrained profit maximization results in concentrating an enormous amount of surplus capital which can find few safe investments.
"Free market" capitalists turn to highly speculative scams which generate financial bubbles as the real economy continues to be hollowed out and the working class is driven deeper into debt.
Socialism would turn to government for an alternative, but US government is Goldman Sachs regardless of which major party is in control.
Socialism has no moralityTrue. No one wants to be like Venezuela.For christ fkin sake dude. Venezuela is a universe away from what we are and do. Just stop. Even amongst the left we understand that America was born and succeeded primarily as a capitalist nation and we still want that core. The failure of capitalism is negative externalities, failed markets, an aversion to even trying to fix problems, growing economic inequality. What we want is to use more a socialist toolset to address some of these problems as we've seen other nations successfully do and on the name of the well being of the people. No one here is saying let's be Venezuela. So seriously stfu and turn off your rotten news source.Anybody with any common sense or capacity to commit logic is afraid of socialism. All you have to do is look at Venezuela to see why you have to be insane to adopt such economic policies.Who’s Afraid of Socialism? | Open Media Boston
"Capitalism’s incompatibility with majority interests has been reaffirmed by the current economic crisis.
"Earlier, the most severe effects of capitalism had been offset, within the US, by the progressive reforms of the 1930s.
"But capital’s political power was less restrained in this country than it was in the other rich countries.
"Flush with military might and bolstered by a mass right-wing culture of arrogant self-righteousness, US capital launched a withering counterattack against the New Deal legacy, culminating in an almost three-decade orgy of anti-welfare legislation, imperialist aggression, privatization, and deregulation."
Unrestrained profit maximization results in concentrating an enormous amount of surplus capital which can find few safe investments.
"Free market" capitalists turn to highly speculative scams which generate financial bubbles as the real economy continues to be hollowed out and the working class is driven deeper into debt.
Socialism would turn to government for an alternative, but US government is Goldman Sachs regardless of which major party is in control.
But the American left is useless and that is the general direction they would unwittingly be taking us.
The American left needs to come to terms with the idea that we are going to have to change the capitalist base that is the foundation of our society.
American capitalism has gone global and you are not going to reign it in, or force it to pay for the well being of our society. Capitalism doesn't care about our well being. It will just seek out another host, which is why it went global in the first place. With the help of the useless American left, I might add.
Scandanavia is not a nation, France does not own the means of production and distribution, Canada is a free market economy,France Scandinavia bu Canada New Zealand Australia JapanName one successful socialist country if you can. By the way I am a classic liberal.Bernie Sanders is a socialist. What countries are you talkin about, ignorant GOP dupe?Why would anyone be afraid of something that has failed everytime it has been used?
You are a brainwashed GOP dupe.
Socialism is a way of producing the things that we need in a manner that provides dignity to everyone regardless of one's abilities. It's a hell of a lot moral than capitalism.Socialism has no moralityTrue. No one wants to be like Venezuela.For christ fkin sake dude. Venezuela is a universe away from what we are and do. Just stop. Even amongst the left we understand that America was born and succeeded primarily as a capitalist nation and we still want that core. The failure of capitalism is negative externalities, failed markets, an aversion to even trying to fix problems, growing economic inequality. What we want is to use more a socialist toolset to address some of these problems as we've seen other nations successfully do and on the name of the well being of the people. No one here is saying let's be Venezuela. So seriously stfu and turn off your rotten news source.Anybody with any common sense or capacity to commit logic is afraid of socialism. All you have to do is look at Venezuela to see why you have to be insane to adopt such economic policies.Who’s Afraid of Socialism? | Open Media Boston
"Capitalism’s incompatibility with majority interests has been reaffirmed by the current economic crisis.
"Earlier, the most severe effects of capitalism had been offset, within the US, by the progressive reforms of the 1930s.
"But capital’s political power was less restrained in this country than it was in the other rich countries.
"Flush with military might and bolstered by a mass right-wing culture of arrogant self-righteousness, US capital launched a withering counterattack against the New Deal legacy, culminating in an almost three-decade orgy of anti-welfare legislation, imperialist aggression, privatization, and deregulation."
Unrestrained profit maximization results in concentrating an enormous amount of surplus capital which can find few safe investments.
"Free market" capitalists turn to highly speculative scams which generate financial bubbles as the real economy continues to be hollowed out and the working class is driven deeper into debt.
Socialism would turn to government for an alternative, but US government is Goldman Sachs regardless of which major party is in control.
But the American left is useless and that is the general direction they would unwittingly be taking us.
The American left needs to come to terms with the idea that we are going to have to change the capitalist base that is the foundation of our society.
American capitalism has gone global and you are not going to reign it in, or force it to pay for the well being of our society. Capitalism doesn't care about our well being. It will just seek out another host, which is why it went global in the first place. With the help of the useless American left, I might add.
Socialism is a way of producing the things that we need in a manner that provides dignity to everyone regardless of one's abilities. It's a hell of a lot moral than capitalism.Socialism has no moralityTrue. No one wants to be like Venezuela.For christ fkin sake dude. Venezuela is a universe away from what we are and do. Just stop. Even amongst the left we understand that America was born and succeeded primarily as a capitalist nation and we still want that core. The failure of capitalism is negative externalities, failed markets, an aversion to even trying to fix problems, growing economic inequality. What we want is to use more a socialist toolset to address some of these problems as we've seen other nations successfully do and on the name of the well being of the people. No one here is saying let's be Venezuela. So seriously stfu and turn off your rotten news source.Anybody with any common sense or capacity to commit logic is afraid of socialism. All you have to do is look at Venezuela to see why you have to be insane to adopt such economic policies.Who’s Afraid of Socialism? | Open Media Boston
"Capitalism’s incompatibility with majority interests has been reaffirmed by the current economic crisis.
"Earlier, the most severe effects of capitalism had been offset, within the US, by the progressive reforms of the 1930s.
"But capital’s political power was less restrained in this country than it was in the other rich countries.
"Flush with military might and bolstered by a mass right-wing culture of arrogant self-righteousness, US capital launched a withering counterattack against the New Deal legacy, culminating in an almost three-decade orgy of anti-welfare legislation, imperialist aggression, privatization, and deregulation."
Unrestrained profit maximization results in concentrating an enormous amount of surplus capital which can find few safe investments.
"Free market" capitalists turn to highly speculative scams which generate financial bubbles as the real economy continues to be hollowed out and the working class is driven deeper into debt.
Socialism would turn to government for an alternative, but US government is Goldman Sachs regardless of which major party is in control.
But the American left is useless and that is the general direction they would unwittingly be taking us.
The American left needs to come to terms with the idea that we are going to have to change the capitalist base that is the foundation of our society.
American capitalism has gone global and you are not going to reign it in, or force it to pay for the well being of our society. Capitalism doesn't care about our well being. It will just seek out another host, which is why it went global in the first place. With the help of the useless American left, I might add.
The Federal Reserve started the Great Depression. And the globalists in league with the Federal Reserve did all of the other crap you spewed.Oh I think the GOP can take some credit for World War II. Wrecked the league of Nations and the Versailles treaty, started the Great Depression that gave Hitler and the militarists in Japan their start. The GOP is always a catastrophe.LolParts of Europe are doing great. Better than us in a lot of ways. Poor statement.No thanks. One need not look any further than europe to see what a travesty it is.
Fuck Europe... Two world wars thanks to them
The Federal Reserve started the Great Depression. And the globalists in league with the Federal Reserve did all of the other crap you spewed.Oh I think the GOP can take some credit for World War II. Wrecked the league of Nations and the Versailles treaty, started the Great Depression that gave Hitler and the militarists in Japan their start. The GOP is always a catastrophe.LolParts of Europe are doing great. Better than us in a lot of ways. Poor statement.No thanks. One need not look any further than europe to see what a travesty it is.
Fuck Europe... Two world wars thanks to them
Yeah, starvation sure is dignified. So was standing in lines for everything in the USSR.Socialism is a way of producing the things that we need in a manner that provides dignity to everyone regardless of one's abilities. It's a hell of a lot moral than capitalism.Socialism has no moralityTrue. No one wants to be like Venezuela.For christ fkin sake dude. Venezuela is a universe away from what we are and do. Just stop. Even amongst the left we understand that America was born and succeeded primarily as a capitalist nation and we still want that core. The failure of capitalism is negative externalities, failed markets, an aversion to even trying to fix problems, growing economic inequality. What we want is to use more a socialist toolset to address some of these problems as we've seen other nations successfully do and on the name of the well being of the people. No one here is saying let's be Venezuela. So seriously stfu and turn off your rotten news source.Anybody with any common sense or capacity to commit logic is afraid of socialism. All you have to do is look at Venezuela to see why you have to be insane to adopt such economic policies.Who’s Afraid of Socialism? | Open Media Boston
"Capitalism’s incompatibility with majority interests has been reaffirmed by the current economic crisis.
"Earlier, the most severe effects of capitalism had been offset, within the US, by the progressive reforms of the 1930s.
"But capital’s political power was less restrained in this country than it was in the other rich countries.
"Flush with military might and bolstered by a mass right-wing culture of arrogant self-righteousness, US capital launched a withering counterattack against the New Deal legacy, culminating in an almost three-decade orgy of anti-welfare legislation, imperialist aggression, privatization, and deregulation."
Unrestrained profit maximization results in concentrating an enormous amount of surplus capital which can find few safe investments.
"Free market" capitalists turn to highly speculative scams which generate financial bubbles as the real economy continues to be hollowed out and the working class is driven deeper into debt.
Socialism would turn to government for an alternative, but US government is Goldman Sachs regardless of which major party is in control.
But the American left is useless and that is the general direction they would unwittingly be taking us.
The American left needs to come to terms with the idea that we are going to have to change the capitalist base that is the foundation of our society.
American capitalism has gone global and you are not going to reign it in, or force it to pay for the well being of our society. Capitalism doesn't care about our well being. It will just seek out another host, which is why it went global in the first place. With the help of the useless American left, I might add.
No boot stomping required. Government would be transformed. Alter the base and you alter the superstructure (government) naturally.Socialism is a way of producing the things that we need in a manner that provides dignity to everyone regardless of one's abilities. It's a hell of a lot moral than capitalism.Socialism has no moralityTrue. No one wants to be like Venezuela.For christ fkin sake dude. Venezuela is a universe away from what we are and do. Just stop. Even amongst the left we understand that America was born and succeeded primarily as a capitalist nation and we still want that core. The failure of capitalism is negative externalities, failed markets, an aversion to even trying to fix problems, growing economic inequality. What we want is to use more a socialist toolset to address some of these problems as we've seen other nations successfully do and on the name of the well being of the people. No one here is saying let's be Venezuela. So seriously stfu and turn off your rotten news source.Anybody with any common sense or capacity to commit logic is afraid of socialism. All you have to do is look at Venezuela to see why you have to be insane to adopt such economic policies.
But the American left is useless and that is the general direction they would unwittingly be taking us.
The American left needs to come to terms with the idea that we are going to have to change the capitalist base that is the foundation of our society.
American capitalism has gone global and you are not going to reign it in, or force it to pay for the well being of our society. Capitalism doesn't care about our well being. It will just seek out another host, which is why it went global in the first place. With the help of the useless American left, I might add.
It's a hell of a lot moral than capitalism.
And who cares if it requires a boot stomping on a human face forever, eh comrade?
No boot stomping required. Government would be transformed. Alter the base and you alter the superstructure (government) naturally.Socialism is a way of producing the things that we need in a manner that provides dignity to everyone regardless of one's abilities. It's a hell of a lot moral than capitalism.Socialism has no moralityTrue. No one wants to be like Venezuela.For christ fkin sake dude. Venezuela is a universe away from what we are and do. Just stop. Even amongst the left we understand that America was born and succeeded primarily as a capitalist nation and we still want that core. The failure of capitalism is negative externalities, failed markets, an aversion to even trying to fix problems, growing economic inequality. What we want is to use more a socialist toolset to address some of these problems as we've seen other nations successfully do and on the name of the well being of the people. No one here is saying let's be Venezuela. So seriously stfu and turn off your rotten news source.
But the American left is useless and that is the general direction they would unwittingly be taking us.
The American left needs to come to terms with the idea that we are going to have to change the capitalist base that is the foundation of our society.
American capitalism has gone global and you are not going to reign it in, or force it to pay for the well being of our society. Capitalism doesn't care about our well being. It will just seek out another host, which is why it went global in the first place. With the help of the useless American left, I might add.
It's a hell of a lot moral than capitalism.
And who cares if it requires a boot stomping on a human face forever, eh comrade?
Extrapolating social conditions of twentieth century Russia and applying them to twenty first century USA is disingenuous at best.Yeah, starvation sure is dignified. So was standing in lines for everything in the USSR.Socialism is a way of producing the things that we need in a manner that provides dignity to everyone regardless of one's abilities. It's a hell of a lot moral than capitalism.Socialism has no moralityTrue. No one wants to be like Venezuela.For christ fkin sake dude. Venezuela is a universe away from what we are and do. Just stop. Even amongst the left we understand that America was born and succeeded primarily as a capitalist nation and we still want that core. The failure of capitalism is negative externalities, failed markets, an aversion to even trying to fix problems, growing economic inequality. What we want is to use more a socialist toolset to address some of these problems as we've seen other nations successfully do and on the name of the well being of the people. No one here is saying let's be Venezuela. So seriously stfu and turn off your rotten news source.Anybody with any common sense or capacity to commit logic is afraid of socialism. All you have to do is look at Venezuela to see why you have to be insane to adopt such economic policies.
But the American left is useless and that is the general direction they would unwittingly be taking us.
The American left needs to come to terms with the idea that we are going to have to change the capitalist base that is the foundation of our society.
American capitalism has gone global and you are not going to reign it in, or force it to pay for the well being of our society. Capitalism doesn't care about our well being. It will just seek out another host, which is why it went global in the first place. With the help of the useless American left, I might add.
What do you base your delusions about socialism on? We have empirical evidence, and you believe we should just ignore it because why? Oh, yeah, because a few years have passed. Apparently that's all it takes for the laws of economics to change.Extrapolating social conditions of twentieth century Russia and applying them to twenty first century USA is disingenuous at best.Yeah, starvation sure is dignified. So was standing in lines for everything in the USSR.Socialism is a way of producing the things that we need in a manner that provides dignity to everyone regardless of one's abilities. It's a hell of a lot moral than capitalism.Socialism has no moralityTrue. No one wants to be like Venezuela.For christ fkin sake dude. Venezuela is a universe away from what we are and do. Just stop. Even amongst the left we understand that America was born and succeeded primarily as a capitalist nation and we still want that core. The failure of capitalism is negative externalities, failed markets, an aversion to even trying to fix problems, growing economic inequality. What we want is to use more a socialist toolset to address some of these problems as we've seen other nations successfully do and on the name of the well being of the people. No one here is saying let's be Venezuela. So seriously stfu and turn off your rotten news source.
But the American left is useless and that is the general direction they would unwittingly be taking us.
The American left needs to come to terms with the idea that we are going to have to change the capitalist base that is the foundation of our society.
American capitalism has gone global and you are not going to reign it in, or force it to pay for the well being of our society. Capitalism doesn't care about our well being. It will just seek out another host, which is why it went global in the first place. With the help of the useless American left, I might add.