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#11 |
Elitist
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So the author doesn't have an economics degree, so what. The fact remains that the richest 1% have accumulated a greater share of this country's wealth. Does that make me a liberal or a rich-hater for saying so? If you say so, I guess.
![]() ![]() Regarding keeping up with inflation --- Just because your employer might be doing well enough to give you a cost of living increase every year doesn't mean they all do. Not even close. Mine hasn't for the last 3 years at least. True, inflation has been next to zero these last few years, thus justifying low/no COL increases.......But do you really think the average employer is going to instantly start giving increases again, once inflation spikes? Fat chance. And in many cases, people have even been forced to take permanent reductions, because thier company knows they could get cheaper labor offshore. Unlike 20 years ago, you can't get out of high school and get a $25/hr job pulling parts at Delphi just because your buds with someone. Last edited by Homeslice; 02-18-2011 at 12:55 PM.. |
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#12 | |
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1980? 1880? Somewhere in between? 100 years ago the richest 1% was a handful of families. They controlled nearly all money and industry in the entire nation. Today, you are considered rich if you make over $380k. ![]()
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#13 | |
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Last edited by Homeslice; 02-18-2011 at 01:00 PM.. |
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#14 | ||
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#15 | |
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http://www.census.gov/hhes/www/income/income.html |
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#16 |
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shouldn't be too hard to believe that the imbalance of wealth is growing, when you think about the affects of offshoring........
http://static.businessinsider.com/im...h-gap-grow.jpg http://static.businessinsider.com/im...tax-cuts-have- Last edited by Homeslice; 02-18-2011 at 01:20 PM.. |
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#17 | |
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Meanwhile, the smartest 1% of Americans -- those making $380,000 or more -- have seen their incomes grow 33% over the last 20 years, leaving average Americans in the dust. Meanwhile, the Dumbest laziest 1% of Americans -- those making $20,000 or less-- have seen their incomes stagnate |
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#18 | |
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http://www.cbpp.org/cms/index.cfm?fa=view&id=1002 At least I came at you with real numbers. You are coming back with weak sauce |
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#19 | |
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(never mind the whole subject of worth vs. income..........Yes, we know a young guy making $380K might be asset-poor with very little wealth........bla bla........But he is still among the top 1% of earners, so let's just call him a "rich earner" if nothing else.) Income tax is income tax......The gov't is never going to say "Oh, I see your net worth isn't too impressive, so we'll give you a break and take less out of your paycheck" |
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#20 | |
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Capital income Definition Any income resulting from the sale of capital investment assets. Also source used for original article http://www.econ.berkeley.edu/~saez/s...s-2006prel.pdf |
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