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Posts Tagged ‘Income’

On the Backs of Whom?

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There is a reason, plain and simple, for why the 1 percent have seen their income grow nearly 12 percent since the beginning of this so-called economic recovery, while the 99 percent has seen their income drop. Income is being redistributed from the 99 percent to the 1 percent. Alas, oh liberals, under the Obama administration, that process is accelerating via Obama supported legislation, such as the South Korea Free Trade Treaty, the Monsanto Protection Act and the Affordable Care Act. They all distribute income or health or both from the 99 to the 1 percent. And these are just a few of the things the Obama administration has done, and what it will do.

Currently, the Obama regime, with the support of the Republican Party and 80 percent of the Democratic Party, is negotiating the Trans Pacific Partnership, a free trade treaty that is one of the biggest income redistribution scams in US history. It also redistributes political power from the 99 percent to the 1 percent.

The Guardian Newspaper of the UK calls it “Nafta on Steroids,” and an “end around the US constitution.”

So expect that the figures in the graph above will grow for the 1 percent, while declining for the 99 percent. The income redistribution scam will continue to get bigger, eventually driving the US economy into another and bigger crisis than the last.

Thank you President Obama!

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The US Banana Republic: On our way to becoming what we used to be.

“Incomes for the bottom 90 percent of Americans only averaged a mere $59 more in 2011 than in 1966. For the top 10 percent, by the same measures, average income rose by $116,071 to $254,864, an increase of 84 percent over 1966.

During the same period, members of the top 1 percent saw their incomes grow by 275 percent.
And the top 1 percent of the top 1 percent – their 2011 average income of $23.7 million was $18.4 million more per taxpayer than in 1966.

Another way to illustrate the huge disparity: the six heirs to the Walmart fortune had a net worth equivalent to the bottom 41.5 percent of Americans combined in 2010.”
Let that sink in.

How can anyone support vulture capitalism? America has been a plutocracy for decades now, controlled by these greedy socio/psychopaths.”

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The cartoon below pretty much sums up the career and desires of Wall Street Congressman Paul Ryan, the entire Republican Party and 80 percent of the Democratic Party, including Barack Obama.

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From Buzzflash, “The first step is to learn the facts, and then to get angry and to ask ourselves, as progressives and caring human beings, what we can do about the relentless transfer of wealth to a small group of well-positioned Americans.

$2.13 per hour vs. $3,000,000.00 per hour

Each of the Koch brothers saw his investments grow by $6 billion in one year, which is three million dollars per hour based on a 40-hour ‘work’ week. They used some of the money to try to kill renewable energy standards around the country.” They also purchased a lot of politicians with that money in the form of their annual campaign contributions and political action committee support, which went to such political warriors for the 1 percent as Congressman John Boehner, Senator Orrin Hatch and Wisconsin Governor Scott Walker. That’s why they own your government, and you don’t.

click on the link below for the rest of the story.

america-split-in-two-five-ugly-extremes-of-inequality

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What happened to Unemployment When the Effective Tax Rate Went Down?

Take a look at the graphs above and below. Do you think there’s a relationship between the two? You better believe there is. The more money the rich have, the more money they have to control both political parties, the more money they have to redistribute income and wealth from the 99 percent to themselves. They do this legislatively. That’s precisely what has happened during the last thirty-two years.

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