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For Past Three Years, The Rich Saw Income Grow While Everyone Else Made Less


US Politics & Gov't  (tags: income equality, classs warfare, usa, economy, government, obama, news, politics )

Cal
- 339 days ago - thinkprogress.org
Income for households in the top five percent of American earners have grown by more than five percent over the past three years,



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Comments

Debbie G. (314)
Tuesday September 17, 2013, 5:00 pm
All wrong.
 

Philip Heinlein (471)
Tuesday September 17, 2013, 5:27 pm
guess what, there is no middle class anymore. There's the rich and there's the rest of us poor and working poor trying to make ends meet.
 

pam w. (191)
Tuesday September 17, 2013, 5:53 pm
Do you know the word OLIGARCHY?

You should. You're living in one.
 

Christeen Anderson (474)
Tuesday September 17, 2013, 6:22 pm
What's new?
 

Alan Lambert (89)
Tuesday September 17, 2013, 6:28 pm
Time to get us back to 40% Union membership again. That'll bring back the middle class...that plus a 0.1% transaction tax on all stocks and financial instrument purchases and sales with a refund of the first 50 trades per year.

 

Robert O. (12)
Tuesday September 17, 2013, 8:06 pm
Thanks Cal.
 

ONBrakNoMESPLEZ D. (81)
Tuesday September 17, 2013, 8:42 pm
All so Very true here! We need to be alert and change what we can!
Thank You Cal
 

greenplanet e. (157)
Wednesday September 18, 2013, 12:39 am
That sucks. Times aren't easy for many.
 

Diane O. (149)
Wednesday September 18, 2013, 2:47 am
Since Obama has been in office, his incompetence has directly targeted the middle class. I believe under stronger leadership in 2016 we will see a vast improvement in this area.

I do not agree about the unions having an impact on this issue. Whether we like to admit it or not, our country/world has changed. Unions are passť. Their high cost of doing business has been instrumental in businesses sending their production overseas.

The high unemployment numbers are a problem. IMO Obama could've turned our country around early in 2009 but instead of focusing on the middle class and jobs he turned to his legacy healthcare bill. That was a huge mistake.

My office has hired four new people this year and we plan to add that and more next year so businesses are hiring. Our continued growth is directly related to the 78.2 million baby boomers who are retiring.

53% of Americans work for small businesses. I believe Obama should've focused his time on lifting up the small businesses in the very beginning. Ronald Reagan did it and it worked.
 

Suzanne O. (34)
Wednesday September 18, 2013, 5:20 am
It's the argument here in New Jersey about Unions creating and being the middle class. True to a degree. However, there is another middle class that has taken some serious hits through these years and that is the small business owner. No one truly pays attention to them at all.

Why does one segment of the middle class seem to be more important than the other. The unions and their members have no clue what the small business sector has endured.

Diane, I agree that the first order of business should have been propping up a huge hiring sector in this country. Small business. Health care is important but if you aren't working or making enough, it is unattainable. Even under the Affordable Health Care Act.

What is that saying, you have to have money to make money.
 

Pat A. (117)
Wednesday September 18, 2013, 6:11 am
Thanks Cal - we knew the effects but it is good to see the statistics.
 

Dave C. (213)
Wednesday September 18, 2013, 11:07 am
very sad.....and once again Diane is wrong.....Reagan started us on the path to oligarchy and it just keeps growing....
 

Diane O. (149)
Wednesday September 18, 2013, 2:40 pm
Reagan wasn't perfect. What he did soon after he was inaugurated was to bring the country together and jump start the economy. You may not place any importance on that fact but a fact it is. Look at Obama...5 years and no real growth and massive debt and Russia, Syria and Iran are holding their sides laughing at him.

Quite a contrast...
 

Diane O. (149)
Wednesday September 18, 2013, 3:23 pm
Every class in our country is important and has a major impact on the growth in our country. The rich provide millions of jobs for Americans with full benefits and retirement benefits. 53% of Americans, as I have mentioned work for small businesses....it's capitalism at its best. These small businesses go upward to 500 employees so they can be very small in number and yet quite large. Ronald Reagan again, as I mentioned above, wasn't perfect, but what he did soon after taking office was turn directly to our small businesses and lift them up with hiring incentives, low interest business loans backed by the government, payroll tax breaks....the list goes on. It was when Reagan "spoke" to the American after a horrible four years of liberal president, Jimmy Carter, who, by the way, gave us 22% mortgage interest rates and a failed foreign policy which Reagan restored, who literally brought the entire country together....by his words. No one else has been able to do that except Bill Clinton in his second term.when he triangulated taking a position between the republicans and the democrats. All this to say that Obama soon after being inaugurated threw the small businesses, for lack of a better word, a "bone" to appease them for a short while and then turned away from them....and focused on HIS legacy healthcare bill for a year. Meanwhile, the small businesses were shedding jobs with no growth in their companies bracing themselves for higher taxes, which they received, and Obamacare and the penalty tax. Obama, in essence, killed growth and jobs at that moment IMO. Then he sold us his $860 billion "job's bill" which created few jobs and invested in private green companies. They all went bankrupt taking the $350,000 per job jobs with them.

There's really nothing Obama can do now to get the middle class back up in good stead. It will take a new president to do damage control and my hope is that whoever wins will turn to the middle class and do what Reagan did.
 

Diane O. (149)
Wednesday September 18, 2013, 3:25 pm
Many of the larger small businesses have reduced full time employees to part time status so that they aren't hit as hard with Obamacare.

Sad, isn't it?
 
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