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The 6 Economic Facts of Life in America That Allow the Rich to Run Off With Our Wealth


Business  (tags: rights, ethics, class warfare, economy, americans, corruption, society, news, politics, usa, ethics, dishonesty, abuse )

Cal
- 598 days ago - alternet.org
Do you ever wonder why it takes the average family 47 years to make as much as a hedge fund honcho makes in one hour?



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Comments

Kit B. (277)
Saturday December 8, 2012, 9:56 am

We need a real national debate about the incredible income disparity, the loss of power and any form of wealth by the people. Though this should be a debate on an International level. It is the policies and not just taxation that paved this road to such disproportion that people are now in a dangerous situation.
 

John B. (215)
Saturday December 8, 2012, 12:41 pm
Thanks Cal for the link to Les Leopold's article. Sad but true and Kit as it right; there has to be a debate on this and soon. The fact that most Americans greatly underestimate the degree of inequality in our economy today also means the public needs to be educated on the disparity. Read and noted.
 

jan b. (3)
Saturday December 8, 2012, 2:48 pm
I found this "very" interesting....

Tax rates on top tax brackets

1918 77%
1921 73%
1923 56%
1924 46%
1925 28%
1929 24%
GREAT DEPRESSION
1945 94%
1955 91%
1965 70%
1975 70%
1980 70%
1982 50%
1987 38%
1993 38%
2003 35%
2008 GREAT RECESSION
2011 effective 17% and still declining
 

Lois Jordan (55)
Saturday December 8, 2012, 5:02 pm
The author of this, Leopold, is absolutely right. Thank you, Janice, that is an excellent comment. Although I was aware of much of that info, this gives me even better perspective. Looks like a simple solution to me, but I guess rightwingnuts are just too greedy and cold-blooded to agree with the obvious answer.
 

pam w. (191)
Saturday December 8, 2012, 7:26 pm
And...what boggles MY mind is how many middle- and lower-economic class people voted for Romney, who wants to keep the status quo!
 

John S. (297)
Sunday December 9, 2012, 5:35 am
I also wonderwhy sport or movie stars do also.
 

Daniel Partlow (189)
Sunday December 9, 2012, 8:09 am
Because the 1% want to keep getting richer at the expense of the rest of the world. Nothing is as important as their almighty greedy selves!!!
 

Mary Donnelly (47)
Sunday December 9, 2012, 2:06 pm
Thanks Cal.

That table Janice b provided gives us an idea of how this process began, and if not changed, might continue.
 

june t. (63)
Sunday December 9, 2012, 10:40 pm
the 1% will make sure this inequality continues. sad..
 

Nancy M. (201)
Monday December 10, 2012, 7:48 am
ANd they wonder why much of the Walmart workforce is on food stamps. We subsidize the corporation.
 

Tom Rose (12)
Monday December 10, 2012, 9:35 am
Disgusting!
 
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