Don't you all know how to read? Stick to the issues and NO DEBATING!!
Worldwide, about 0.7% of the people own 1/3rd of the world.
Couldn't find current wealth numbers for the US, but according to the census estimates for 07, the top 1% earn 23% of total income in the US.
Wealth gap has been fairly standard in the US in terms of the whole top 10 owns 80%. It's probably a bit higher now, probably something like 85% for the top 10, but that's just a guess.
Upper Middle Class People have been knocked down to Middle Class in this economy, Middle Class has been knocked down to Working Class, etc. Economic productivity is up in the Bush economy, but the spoils are going to the upper income brackets. How else do you explain CEOs earning astronomically more than their workers? That's always been true to some extent, but under Bush, that process has become more extreme.
2nd warning.
I disagree with the fact that a close family member of mine went to Vietnam out of high school, then went on to become an iron worker, and then worked his way up through the ranks of the construction business by working extremely hard, dedicating himself to his job, sacrificing many luxuries we take for granted and eventually became a wealthy vice president of a major American construction company and should now be penalized even further then he already is by the US government in order to flip the bill for people like Findog.
The richest one percent of this country owns half our country's wealth, five trillion dollars. One third of that comes from hard work, two thirds comes from inheritance, interest on interest ac ulating to widows and idiot sons and what I do, stock and real estate speculation. It's bull . You got ninety percent of the American public out there with little or no net worth. I create nothing. I own. We make the rules, pal. The news, war, peace, famine, upheaval, the price per paper clip. We pick that rabbit out of the hat while everybody sits out there wondering how the we did it. Now you're not naive enough to think we're living in a democracy, are you buddy? It's the free market. And you're a part of it. You've got that killer instinct. Stick around pals, I've still got a lot to teach you.
Question: Has either ticket addressed agricultural or the assorted farm programs is ANY manner whatsoever? If they have, could you plese provide a link. Thanks
so how much of a percentage went rich and how many went poor?
isn't that the point of having the CEO le?
Thread has been hijacked.
They'll just hide their money, and cut back on riskier investments. No biggie for them. Actually, the tier times get, the more they will clean up and wait for the grand rebound.
Pretty sure they can stfu happily in comfort while the whiners keep suffering.
Sorry I just don't have much sympathy for rich people that they're in a higher tax bracket and they won't get enough relief under Obama. I don't want govt handouts or en lement programs for myself, what I want is sound, fiscal management of the economy. Yes, let's cut taxes and go to war, that is solid policy.
I don't want to "soak" the rich because they provide investment capital. Economic productivity in this country is not a problem, distribution of the wealth is. You don't want to penalize the people with money to invest too much, but at the same time, you don't want regressive taxation either. How is anybody supposed to get ahead and be a Horatio Alger story in this economy? It's insulting to say that the Democrats tax policies are about "penalizing success." You want good roads to drive on, you want good public schools for your children, you want well-staffed hospitals, you want levees in New Orleans to hold up? Then pay your taxes and shut up.
How is it a good thing to transfer wealth from the middle class to the already rich? Without a middle class, you don't have a democracy. Economic liberty always precedes political liberty.
Then this Bud's for you Mr. Destined to stay lower/middle class his entire life guy.
Have it, have it, have it, don't care -- that's N.O.'s problem.
Maybe they should quit sending $50 bil to Africa and $1 bil to allies who pick dumb fights, and the pointless war of course.
It's not the money itself, it's the idea that the upper 5%-10% ALREADY pay for this ing country and the Obama and losers want more more more more. Back at them, STFU and go work, stay out of debt on depreciating assets, and make your own life.
lol, how many people in this country are better off than they were 8 years ago under Bush? My parents are worse off, I'm worse off, most people I know are worse off. Republicans have lost all credibility with me, as has their "just cut taxes on the rich and everybody's boat will rise" ethos.
Joe:
Off topic, but how can you be a Catholic that believes life begins at inception, and be pro-choice?
I'm much better off then I was 8 years ago.............wanna know the secret?
I work my ing ass off.
Come to think of it, everyone in my family is also better off.................guess how they did it?
They worked their asses off.
So have I. You think I just sit around on my ass all day long? Not every Obama supporter is some underemployed welfare recipient waiting on a handout to come on January 20, 2009. You are subs uting your own personal experience and anecdotal evidence for what is broadly taking place across the country.
if the taxes went to infrastructure I would be more for it, but like your 95% gaff you're wrong about this too.
Yep, yep, yep, this is why the Republicans are going to lose the election. This is their basic message to anybody who saw their lucrative IT job go to India and had to work long hours busting their ass at Home Depot for far less pay because that was all that was available in their community: You're lazy. Do I think Obama will bring back my dad's IT job? No, he won't. But he won't call my dad lazy either.
I agree with Obama on all the issues.
We need to tax the out of rich people and big corporations because, well, they are evil. We then need to give this money to people wo don't pay any taxes, so they can use it to send their kids to college.
I also agree with Obama that the government can run the health care system WAYY better than the private sector can. A great example is the Cuban health care system. Anyone who hasn't seen Michael Moore's propaganda film, I mean do entary, Sicko, should go out and rent it immediately.
I can't decide where I stand on abortion. That is above my pay grade. For now, I'll just vote "present".
I also agree with Obama that we should stop using fossil fuels within 10 years, because that is a highly realistic goal.
If anyone lost their IT job to someone in India, then it wasn't a very good IT job to begin with.
Me and most of everyone I know are better off (and we're all in the bottom half of middle class, me lower than them) than we were 7-8 years ago. It's since the housing finance crash that we've been getting worse, particularly me.
My company increased the standard wage they gave to everyone after Bush cut taxes. Don't know if they were related or just due to the phenomonal growth my employer was enjoying, though.
Most likely it will be to cover budget deficits and make some very hard choices. I wasn't fooled, at the end of Obama's nomination speech he started rattling off all this stuff he was going to do, of which 10% he will be lucky to accomplish.
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