francoHFW
Diamond Member
Can you read, stupid? It's the last 35 years DUHHHHHHHHHHHHHHHHHHHHHHHLook at #3 and #4, dupe. The rich poor gap didn't grow until Reaganism DUH.Reaganist tax rates are killing the middle class, In the fifties, corps paid 30% of taxes, now 10%- and not giant corps, SMALL BUSINESS. GREAT JOB!. The rich are paying 12% of income in fed income taxes. The dupes know nothing.
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%
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--June 9, 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
All of this is Marxist-Socialist propagandist bullshit.
It begins on the ridiculous premise that "productivity" is solely achieved by "the worker" and that's simply a LIE. Nearly ALL increase in productivity over the past 50 years is the result of technology created and invested in by capitalists. With the advent of computers, productivity has soared in recent years... but you are laying claim to all of that on behalf of "the worker" when "the worker" had nothing to do with it.
and AGAIN.... The "gap between rich and poor" ALWAYS grows in a free market, free enterprise, free society. It's ONLY in a controlled, authoritarian, state-run, Communist-Socialist-Marxist system the difference between rich and poor remains the same.
Yes it did, you're simply cherry-picking a 30-year period where it didn't grow as much. Your cabal has all the facts and figures parsed out and pieced together to make your case. This is how you convince idiots and morons when the facts aren't on your side.
And there is no need to call it "Reaganism" when it's Free Market Capitalism. That's what you're wanting to kill... so be honest about that and stop trying to tie it to a person you can bash and trash, who isn't here to defend himself anymore. Just be honest, tell the people that you're a Marxist-Socialist who thinks Marxism is the best system in spite of it's horrendous history. No need to invent new names for what you're doing or what you're attacking... we're all grown ups who can handle the truth.