Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
Of course they never had 60 votes so they were never able to do any reform, jackass. Except Obama had 60 votes for 40 days and we got the greatest social reform for the working class since LBJ. Sabotaged by the GOP also...With GOP tax rates of the last 35 years, only the rich and giant corporations get to keep their own money, brainwashed functional moron/----/ So? If you don't like being poor, get skills and improve yourself. And one more time: Letting people keep more of their own money isn't a give away; however, welfare is a give away.your sympathy for the greedy idiot GOP rich is touching, brainwashed functional moron. Meanwhile, the GOP rape of the middle class and the country goes on, brainwashed functional moron., brainwashed functional moron./----/ Your class envy is comical. Yes, let people keep more of the money they earn. Want more money - then go out and earn it.
Demise of the American Middle Class In Numbers.
Over the past 60 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%
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%Over the past 35 years the American dream has gradually disappeared.
After 16 years of Clinton and Obama, those bastards!!!!!!
/----/ Republicans are an endangered species in California - and Dems have been in charge for generations. so why do you go back to 1964?He raised costs at California public colleges, which were basically free until 1964. Republicans have been doing that ever since. I'm sure that's a great idea, dumbass.Yes I know you are a brainwashed functional moron... Reagan started cutting aid to state public colleges in California in 1964, and they've been doing the same ever since, dumbass. And goodbye to competition that kept colleges cheap. While Democrats were in power, that process slowed and they made loans less expensive by getting away from Banks. You are an idiot. Everything you know is wrong garbage propaganda./-----/ The more the Gubmint subsidizes College the more Colleges raise their tuition. It has nothing to do with the GOP. Do you think tuition went down with Obozo and Clintoon?I am happily retired, stupid. Did you notice that college and training are ridiculously expensive after 35 years of GOP giveaway to the rich and f****** the rest of us? Idiot./----/ So? If you don't like being poor, get skills and improve yourself. And one more time: Letting people keep more of their own money isn't a give away; however, welfare is a give away.
Reagan started cutting federal aid to state public colleges in California in 1964, and they've been doing the same ever since, dumbass.
Reagan had control over federal aid in 1964? Fuckin' idjit!
If you count all taxes, everyone pays between 20 and 30% and the rich get all the new wealth, idiot./---/ Everyone who pays taxes got a tax cut and there is the 47% who pay no income taxes.With GOP tax rates of the last 35 years, only the rich and giant corporations get to keep their own money, brainwashed functional moron/----/ So? If you don't like being poor, get skills and improve yourself. And one more time: Letting people keep more of their own money isn't a give away; however, welfare is a give away.your sympathy for the greedy idiot GOP rich is touching, brainwashed functional moron. Meanwhile, the GOP rape of the middle class and the country goes on, brainwashed functional moron., brainwashed functional moron./----/ Your class envy is comical. Yes, let people keep more of the money they earn. Want more money - then go out and earn it.You mean letting the rich keep their money while you screw the rest of us, brainwashed functional moron.
Demise of the American Middle Class In Numbers.
Over the past 60 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%
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%
People who are not brainwashed know who the twats are, twat.I changed that immediately, super duper. Reagan started raising public University costs and the Republicans have been doing it ever since. Opportunity has gone to hell in the last 35 years.Yes I know you are a brainwashed functional moron... Reagan started cutting aid to state public colleges in California in 1964, and they've been doing the same ever since, dumbass. And goodbye to competition that kept colleges cheap. While Democrats were in power, that process slowed and they made loans less expensive by getting away from Banks. You are an idiot. Everything you know is wrong garbage propaganda./-----/ The more the Gubmint subsidizes College the more Colleges raise their tuition. It has nothing to do with the GOP. Do you think tuition went down with Obozo and Clintoon?
Reagan started cutting federal aid to state public colleges in California in 1964, and they've been doing the same ever since, dumbass.
Reagan had control over federal aid in 1964? Fuckin' idjit!
Reagan started raising public University costs and the Republicans have been doing it ever since
Brown was governor after Reagan and he didn't fix it?
Why was Brown such a fucking twat?
/----/ The rich not only pay property and sales taxes - they are often slapped with luxury taxes as well.If you count all taxes, everyone pays between 20 and 30% and the rich get all the new wealth, idiot./---/ Everyone who pays taxes got a tax cut and there is the 47% who pay no income taxes.With GOP tax rates of the last 35 years, only the rich and giant corporations get to keep their own money, brainwashed functional moron/----/ So? If you don't like being poor, get skills and improve yourself. And one more time: Letting people keep more of their own money isn't a give away; however, welfare is a give away.your sympathy for the greedy idiot GOP rich is touching, brainwashed functional moron. Meanwhile, the GOP rape of the middle class and the country goes on, brainwashed functional moron., brainwashed functional moron./----/ Your class envy is comical. Yes, let people keep more of the money they earn. Want more money - then go out and earn it.
Demise of the American Middle Class In Numbers.
Over the past 60 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%
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%
I am talking about the GOP everywhere in America have been raising University costs. Opportunity has gone to hell wherever the GOP has been at work. Reagan's GOP has been a catastrophe for the non-rich and the country./----/ Republicans are an endangered species in California - and Dems have been in charge for generations. so why do you go back to 1964?He raised costs at California public colleges, which were basically free until 1964. Republicans have been doing that ever since. I'm sure that's a great idea, dumbass.Yes I know you are a brainwashed functional moron... Reagan started cutting aid to state public colleges in California in 1964, and they've been doing the same ever since, dumbass. And goodbye to competition that kept colleges cheap. While Democrats were in power, that process slowed and they made loans less expensive by getting away from Banks. You are an idiot. Everything you know is wrong garbage propaganda./-----/ The more the Gubmint subsidizes College the more Colleges raise their tuition. It has nothing to do with the GOP. Do you think tuition went down with Obozo and Clintoon?I am happily retired, stupid. Did you notice that college and training are ridiculously expensive after 35 years of GOP giveaway to the rich and f****** the rest of us? Idiot.
Reagan started cutting federal aid to state public colleges in California in 1964, and they've been doing the same ever since, dumbass.
Reagan had control over federal aid in 1964? Fuckin' idjit!
https://www.huffingtonpost.com/harlan-green/what-happened-to-tuition_b_10240514.html
"When I entered UC Berkeley as a freshman in the late 1950s, my $300 scholarship covered the first year administration fees. There was no tuition. Today UC Berkeley charges a tuition fee of $13,518 per academic year for California residents. Out-of-state residents have to add an additional $26,682 in tuition fees. "
Harlan Green, Contributor
Editor/Publisher
/----/ "I am talking about the GOP everywhere in America have been raising University costs."I am talking about the GOP everywhere in America have been raising University costs. Opportunity has gone to hell wherever the GOP has been at work. Reagan's GOP has been a catastrophe for the non-rich and the country./----/ Republicans are an endangered species in California - and Dems have been in charge for generations. so why do you go back to 1964?He raised costs at California public colleges, which were basically free until 1964. Republicans have been doing that ever since. I'm sure that's a great idea, dumbass.Yes I know you are a brainwashed functional moron... Reagan started cutting aid to state public colleges in California in 1964, and they've been doing the same ever since, dumbass. And goodbye to competition that kept colleges cheap. While Democrats were in power, that process slowed and they made loans less expensive by getting away from Banks. You are an idiot. Everything you know is wrong garbage propaganda./-----/ The more the Gubmint subsidizes College the more Colleges raise their tuition. It has nothing to do with the GOP. Do you think tuition went down with Obozo and Clintoon?
Reagan started cutting federal aid to state public colleges in California in 1964, and they've been doing the same ever since, dumbass.
Reagan had control over federal aid in 1964? Fuckin' idjit!
https://www.huffingtonpost.com/harlan-green/what-happened-to-tuition_b_10240514.html
"When I entered UC Berkeley as a freshman in the late 1950s, my $300 scholarship covered the first year administration fees. There was no tuition. Today UC Berkeley charges a tuition fee of $13,518 per academic year for California residents. Out-of-state residents have to add an additional $26,682 in tuition fees. "
Harlan Green, Contributor
Editor/Publisher
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%
Yes I know you are a brainwashed functional moron who listens only to GOP propaganda that is only about federal income taxes. If you count all taxes, everyone pays between 20 and 30% and the rich pay the same as the middle class, a GOP giveaway to the rich that has ruined the middle class and the country. Great job, scumbag GOP and silly dupes like you./----/ The rich not only pay property and sales taxes - they are often slapped with luxury taxes as well.If you count all taxes, everyone pays between 20 and 30% and the rich get all the new wealth, idiot./---/ Everyone who pays taxes got a tax cut and there is the 47% who pay no income taxes.With GOP tax rates of the last 35 years, only the rich and giant corporations get to keep their own money, brainwashed functional moron/----/ So? If you don't like being poor, get skills and improve yourself. And one more time: Letting people keep more of their own money isn't a give away; however, welfare is a give away.your sympathy for the greedy idiot GOP rich is touching, brainwashed functional moron. Meanwhile, the GOP rape of the middle class and the country goes on, brainwashed functional moron., brainwashed functional moron.
Demise of the American Middle Class In Numbers.
Over the past 60 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%
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%
They keep raising public University costs, dumbass ignoramus Dupe. Goodbye competition. They also love giving college loans to Banks. Guess what happens lol, dumbass dupe./----/ "I am talking about the GOP everywhere in America have been raising University costs."I am talking about the GOP everywhere in America have been raising University costs. Opportunity has gone to hell wherever the GOP has been at work. Reagan's GOP has been a catastrophe for the non-rich and the country./----/ Republicans are an endangered species in California - and Dems have been in charge for generations. so why do you go back to 1964?He raised costs at California public colleges, which were basically free until 1964. Republicans have been doing that ever since. I'm sure that's a great idea, dumbass.Yes I know you are a brainwashed functional moron... Reagan started cutting aid to state public colleges in California in 1964, and they've been doing the same ever since, dumbass. And goodbye to competition that kept colleges cheap. While Democrats were in power, that process slowed and they made loans less expensive by getting away from Banks. You are an idiot. Everything you know is wrong garbage propaganda.
Reagan started cutting federal aid to state public colleges in California in 1964, and they've been doing the same ever since, dumbass.
Reagan had control over federal aid in 1964? Fuckin' idjit!
https://www.huffingtonpost.com/harlan-green/what-happened-to-tuition_b_10240514.html
"When I entered UC Berkeley as a freshman in the late 1950s, my $300 scholarship covered the first year administration fees. There was no tuition. Today UC Berkeley charges a tuition fee of $13,518 per academic year for California residents. Out-of-state residents have to add an additional $26,682 in tuition fees. "
Harlan Green, Contributor
Editor/Publisher
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%
The GOP is not, nor has ever been in charge of setting College Tuition. Retard.
They keep raising public University costs, dumbass ignoramus Dupe. Goodbye competition. They also love giving college loans to Banks. Guess what happens lol, dumbass dupe./----/ "I am talking about the GOP everywhere in America have been raising University costs."I am talking about the GOP everywhere in America have been raising University costs. Opportunity has gone to hell wherever the GOP has been at work. Reagan's GOP has been a catastrophe for the non-rich and the country./----/ Republicans are an endangered species in California - and Dems have been in charge for generations. so why do you go back to 1964?He raised costs at California public colleges, which were basically free until 1964. Republicans have been doing that ever since. I'm sure that's a great idea, dumbass.Yes I know you are a brainwashed functional moron... Reagan started cutting aid to state public colleges in California in 1964, and they've been doing the same ever since, dumbass. And goodbye to competition that kept colleges cheap. While Democrats were in power, that process slowed and they made loans less expensive by getting away from Banks. You are an idiot. Everything you know is wrong garbage propaganda.
Reagan started cutting federal aid to state public colleges in California in 1964, and they've been doing the same ever since, dumbass.
Reagan had control over federal aid in 1964? Fuckin' idjit!
What Happened to Tuition-Free College? | HuffPost
"When I entered UC Berkeley as a freshman in the late 1950s, my $300 scholarship covered the first year administration fees. There was no tuition. Today UC Berkeley charges a tuition fee of $13,518 per academic year for California residents. Out-of-state residents have to add an additional $26,682 in tuition fees. "
Harlan Green, Contributor
Editor/Publisher
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%
The GOP is not, nor has ever been in charge of setting College Tuition. Retard.
We have this GOP law called reconciliation, dumbass, since 1974. It allows the GOP to cut taxes on the rich and services on the rest, once a year, and with only 51 votes. Plus there is the GOP filibuster law which means the Democrats need 60 votes to raise taxes and to do reform. It's called rigging the system.Of course they never had 60 votes so they were never able to do any reform, jackass. Except Obama had 60 votes for 40 days and we got the greatest social reform for the working class since LBJ. Sabotaged by the GOP also...With GOP tax rates of the last 35 years, only the rich and giant corporations get to keep their own money, brainwashed functional moron/----/ So? If you don't like being poor, get skills and improve yourself. And one more time: Letting people keep more of their own money isn't a give away; however, welfare is a give away.your sympathy for the greedy idiot GOP rich is touching, brainwashed functional moron. Meanwhile, the GOP rape of the middle class and the country goes on, brainwashed functional moron., brainwashed functional moron.
Demise of the American Middle Class In Numbers.
Over the past 60 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%
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%Over the past 35 years the American dream has gradually disappeared.
After 16 years of Clinton and Obama, those bastards!!!!!!
Of course they never had 60 votes so they were never able to do any reform,
Republicans never had 60 votes but did things Clinton and Obama couldn't undo?
Is it because they were morons?
Except Obama had 60 votes for 40 days
And the people loved what he did so much, they voted out 63(holy shit, 63!!) Dem congressmen at the next election.
We have this GOP law called reconciliation, dumbass, since 1974. It allows the GOP to cut taxes on the rich and services on the rest, once a year, and with only 51 votes. Plus there is the GOP filibuster law which means the Democrats need 60 votes to raise taxes and to do reform. It's called rigging the system.Of course they never had 60 votes so they were never able to do any reform, jackass. Except Obama had 60 votes for 40 days and we got the greatest social reform for the working class since LBJ. Sabotaged by the GOP also...With GOP tax rates of the last 35 years, only the rich and giant corporations get to keep their own money, brainwashed functional moron/----/ So? If you don't like being poor, get skills and improve yourself. And one more time: Letting people keep more of their own money isn't a give away; however, welfare is a give away.
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%Over the past 35 years the American dream has gradually disappeared.
After 16 years of Clinton and Obama, those bastards!!!!!!
Of course they never had 60 votes so they were never able to do any reform,
Republicans never had 60 votes but did things Clinton and Obama couldn't undo?
Is it because they were morons?
Except Obama had 60 votes for 40 days
And the people loved what he did so much, they voted out 63(holy shit, 63!!) Dem congressmen at the next election.
The Austrian theory of business cycles holds that interest rates are held at low levels for too long which creates a credit boom, and low finance charges inspire entrepreneurs to fund too many wasteful projects, Capital get misallocated, and when the bubble pops the economy staggers under excess capacity which takes years to clean up. Who gets rich from that?Ludwig von Mises.Who's your top pick for economic's expert?Do you see how a market that distributes goods and services based solely on the ability to pay will exclude a large percentage of workers from being unable to buy what they produce?
You are a troll, and you misrepresent Marx.
Marx never said anything that stupid - you are making shit up and attributing it to others.
E. Germain: The Marxist Theory of Imperialism and its Critics (1955)
Yeah, when I'm looking for an expert on economics, my favorite source is a Marxist lawyer.....DERP!
Why do you think the rich need lower taxes?We have this GOP law called reconciliation, dumbass, since 1974. It allows the GOP to cut taxes on the rich and services on the rest, once a year, and with only 51 votes. Plus there is the GOP filibuster law which means the Democrats need 60 votes to raise taxes and to do reform. It's called rigging the system.Of course they never had 60 votes so they were never able to do any reform, jackass. Except Obama had 60 votes for 40 days and we got the greatest social reform for the working class since LBJ. Sabotaged by the GOP also...With GOP tax rates of the last 35 years, only the rich and giant corporations get to keep their own money, brainwashed functional moron
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%Over the past 35 years the American dream has gradually disappeared.
After 16 years of Clinton and Obama, those bastards!!!!!!
Of course they never had 60 votes so they were never able to do any reform,
Republicans never had 60 votes but did things Clinton and Obama couldn't undo?
Is it because they were morons?
Except Obama had 60 votes for 40 days
And the people loved what he did so much, they voted out 63(holy shit, 63!!) Dem congressmen at the next election.
It allows the GOP to cut taxes on the rich and services on the rest, once a year, and with only 51 votes.
How many votes did Clinton need to raise taxes?
I thought you were a believer in free markets? The first thing the Chicago School did in Chile was close down every economics department in the country except for their chosen seminary at the Catholic University. They began an assassination program of left-wing professors, labor leaders and politicians and imposed neoliberalism by gunpoint. Apparently, Friedman's "free markets" require totalitarian control?Who's your top pick for economic's expert?Do you see how a market that distributes goods and services based solely on the ability to pay will exclude a large percentage of workers from being unable to buy what they produce?
You are a troll, and you misrepresent Marx.
Marx never said anything that stupid - you are making shit up and attributing it to others.
E. Germain: The Marxist Theory of Imperialism and its Critics (1955)
Yeah, when I'm looking for an expert on economics, my favorite source is a Marxist lawyer.....DERP!
Milton Friedman is pretty good.
That only happens when a central bank is doing it deliberately. It doesn't just happen. Austrians advocate abolishing central banks and going back to the gold standard.The Austrian theory of business cycles holds that interest rates are held at low levels for too long which creates a credit boom, and low finance charges inspire entrepreneurs to fund too many wasteful projects, Capital get misallocated, and when the bubble pops the economy staggers under excess capacity which takes years to clean up. Who gets rich from that?Ludwig von Mises.Who's your top pick for economic's expert?You are a troll, and you misrepresent Marx.
Marx never said anything that stupid - you are making shit up and attributing it to others.
E. Germain: The Marxist Theory of Imperialism and its Critics (1955)
Yeah, when I'm looking for an expert on economics, my favorite source is a Marxist lawyer.....DERP!
FIRE economy - Wikipedia
How does real estate affect the net worth of the rich?Well of course not doofus... We on the right have been saying this since before Ronald Reagan. Rich people do not end up suffering from socialist policies. They either end up in bed with the government, or they end up leaving. Rich from New York and California, leave for lower tax, less socialist states all the time. The rich in France left in droves. The rich in Russia moved to west Europe when Putin was cracking down.
The rich can run and hide (it is what they do best); however, they won't be taking all their private property with them.
https://www.vice.com/en_uk/article/...l-estate-tycoon-is-a-warning-from-history-950
There should be no private property, eh comrade?
Common ownership is bullshit. If I plow a field and grow a crop of corn in it, what gives anyone else the right to share it?How does real estate affect the net worth of the rich?Well of course not doofus... We on the right have been saying this since before Ronald Reagan. Rich people do not end up suffering from socialist policies. They either end up in bed with the government, or they end up leaving. Rich from New York and California, leave for lower tax, less socialist states all the time. The rich in France left in droves. The rich in Russia moved to west Europe when Putin was cracking down.
The rich can run and hide (it is what they do best); however, they won't be taking all their private property with them.
https://www.vice.com/en_uk/article/...l-estate-tycoon-is-a-warning-from-history-950
There should be no private property, eh comrade?
"1. Simplified Version of Proudhon’s Argument
In Proudhon’s period, the animating assumption of essentially all works on property was that God created the earth and gave it to mankind in common to use.
"This was the long-standing Christian view, which was notably reflected in Thomist thought and even received a ringing endorsement from John Locke. The Christianist idea of the common ownership of all of the earth is Proudhon’s starting point."
Why Property Is Theft and Why It Matters
Possibly, Europe "or all the socialist Utopias..." don't want to run afoul of the world's reserve currency by helping Venezuela. Why do you suppose the US believes it has the unilateral right to economically sanction any sovereign nation that doesn't bow before the Washington Consensus?What's stopping Venezuela from going to Europe or all the socialist Utopias for these things? Isn't socialism supposed to be the superior economic system?They target the basis of Venezuela's economy in much the same way US sanctions have targeted Cuba with exactly the same motive: to destroy any alternative to the Washington Consensus.There are sanctions, but they are sanctions against individuals who are acting corruptly on the world market, at the expense of the Venezuelan people.
Venezuela-Related Sanctions
They target specific officials in the Venezuelan government, that are using the power of the government to screw over what little wealth is left in the country, and exporting it into hidden accounts out of the country.
https://fas.org/sgp/crs/row/IF10715.pdf
"Broader Economic Sanctions In addition to targeted sanctions against individuals, President Trump has imposed broader economic sanctions on Venezuela because of the government’s serious human rights abuses, antidemocratic actions, and responsibility for the deepening humanitarian crisis.
"In August 2017, President Trump issued E.O. 13808, which prohibits access to the U.S. financial markets by the Venezuelan government, including Venezuela’s state oil company, Petróleos de Venezuela, S.A., or PdVSA, with certain exceptions to minimize the impact on the Venezuelan people and U.S. economic interests.
"The sanctions seek to restrict the Venezuelan government’s access to U.S. debt and equity markets.
"Among the exceptions are transactions for new debt by CITGO, owned by PdVSA; transactions by U.S. owners of Venezuelan/PdVSA bonds on secondary markets; financing for agricultural and medical exports; and short-term financing to facilitate trade."
What gives you the right to take possession of the field?Common ownership is bullshit. If I plow a field and grow a crop of corn in it, what gives anyone else the right to share it?How does real estate affect the net worth of the rich?Well of course not doofus... We on the right have been saying this since before Ronald Reagan. Rich people do not end up suffering from socialist policies. They either end up in bed with the government, or they end up leaving. Rich from New York and California, leave for lower tax, less socialist states all the time. The rich in France left in droves. The rich in Russia moved to west Europe when Putin was cracking down.
The rich can run and hide (it is what they do best); however, they won't be taking all their private property with them.
https://www.vice.com/en_uk/article/...l-estate-tycoon-is-a-warning-from-history-950
There should be no private property, eh comrade?
"1. Simplified Version of Proudhon’s Argument
In Proudhon’s period, the animating assumption of essentially all works on property was that God created the earth and gave it to mankind in common to use.
"This was the long-standing Christian view, which was notably reflected in Thomist thought and even received a ringing endorsement from John Locke. The Christianist idea of the common ownership of all of the earth is Proudhon’s starting point."
Why Property Is Theft and Why It Matters
