Jump to content


Photo
- - - - -

Class Warfare?


This topic has been archived. This means that you cannot reply to this topic.
175 replies to this topic

#1 cantrell

cantrell

    secular progressive bogeyman

  • Joined: 16-May 09
  • PipPipPipPipPipPipPipPipPip
  • posts: 4,447
  • Reputation: 3
HUDDLER

Posted 12 January 2011 - 05:04 AM

http://blog.buzzflash.com/node/12199

In 1979 the richest 1% of Americans earned 9% of all US income. Now they earn 24% of all US income. 1% of Americans earn nearly 1/4th of all the income in the country.


From 1990 to 2005, adjusted for inflation, the minimum wage is down 9%, while production workers' pay is up only 4.3% - over fifteen years.

At the same time, the rich get richer:

Corporate profits are up 106.7%.

The S&P 500 is still up 141.4% since 1990.

CEO compensation is up 282%.

Call it transfer of wealth. Or call it class warfare.


"Children from low-income families have only a 1 percent chance of reaching the top 5 percent of the income distribution, versus children of the rich who have about a 22 percent chance.

"Children born to the middle quintile of parental family income ($42,000 to $54,300) had about the same chance of ending up in a lower quintile than their parents (39.5 percent) as they did of moving to a higher quintile (36.5 percent). Their chances of attaining the top five percentiles of the income distribution were just 1.8 percent."


:sad::sad::sad:Won't somebody please think of the rich?:sad::sad::sad:

#2 Porn Shop Clerk

Porn Shop Clerk

    Honky

  • Joined: 22-January 09
  • PipPipPipPipPipPipPipPipPip
  • posts: 17,247
  • Reputation: 4,031
HUDDLER

Posted 12 January 2011 - 08:53 AM

In 1960, one in three children lived in poverty.

In the mid-1950s, 25% of the population lived below the poverty line.

In 1958, 60% of the population over sixty-five had incomes below $1,000.

#3 Epistaxis

Epistaxis

    Senior Member

  • Joined: 25-November 08
  • PipPipPipPipPipPipPipPipPip
  • posts: 4,184
  • Reputation: 51
HUDDLER

Posted 12 January 2011 - 09:35 AM

Noam Chomsky is a hypocrite.

Don't tax me bro.

#4 Planiversal

Planiversal

    Gigantic Member

  • Joined: 25-November 08
  • PipPipPipPip
  • posts: 192
  • Reputation: 0
HUDDLER

Posted 12 January 2011 - 12:17 PM

In 1960, one in three children lived in poverty.

In the mid-1950s, 25% of the population lived below the poverty line.

In 1958, 60% of the population over sixty-five had incomes below $1,000.


in 1958 a brand new sports car cost about 900$ and my grandmother's mortgage on her apartment condominium was $135/mo.

#5 ChucktownK

ChucktownK

    Gitmo Nation Detainee

  • Joined: 25-November 08
  • PipPipPipPipPipPipPipPipPip
  • posts: 12,043
  • Reputation: 0
HUDDLER

Posted 12 January 2011 - 12:46 PM

http://blog.buzzflash.com/node/12199


:sad::sad::sad:Won't somebody please think of the rich?:sad::sad::sad:


That 1% also pays 60% of the country's taxes dumbass.

Edited by ChucktownK, 12 January 2011 - 01:02 PM.


#6 Mvp2014

Mvp2014

    Phenom

  • Joined: 06-October 10
  • PipPipPipPipPipPipPipPipPip
  • posts: 3,897
  • Reputation: 331
HUDDLER

Posted 12 January 2011 - 12:56 PM

http://blog.buzzflash.com/node/12199







:sad::sad::sad:Won't somebody please think of the rich?:sad::sad::sad:




And what would your solution be?? redistribute wealth to the poor??

#7 Porn Shop Clerk

Porn Shop Clerk

    Honky

  • Joined: 22-January 09
  • PipPipPipPipPipPipPipPipPip
  • posts: 17,247
  • Reputation: 4,031
HUDDLER

Posted 12 January 2011 - 01:38 PM

in 1958 a brand new sports car cost about 900$ and my grandmother's mortgage on her apartment condominium was $135/mo.


So what inflated those prices? The rich or the government?

#8 Jangler

Jangler

    oddly perched

  • Joined: 24-November 08
  • PipPipPipPipPipPipPipPipPip
  • posts: 48,817
  • Reputation: 9,377
HUDDLER

Posted 12 January 2011 - 01:45 PM

And what would your solution be?? redistribute wealth to the poor??


duh.

#9 cantrell

cantrell

    secular progressive bogeyman

  • Joined: 16-May 09
  • PipPipPipPipPipPipPipPipPip
  • posts: 4,447
  • Reputation: 3
HUDDLER

Posted 12 January 2011 - 03:28 PM

That 1% also pays 60% of the country's taxes dumbass.


I think it's because they control most of the wealth. I could be wrong. If you think the solution to 1% of the country controlling 1/4th of the wealth is to decrease taxes or maintain the status quo, I don't know what to tell you.

Dumbass.

Actually, from what I've gathered here, most of you think that IS the solution, so I will make the same proposal I made in another thread: Eliminate all taxes, so that the safety net that prevents the poor from starving is removed, as is the authority that prevents the poor from revolting and killing the rich. Deal?

Edited by cantrell, 12 January 2011 - 03:35 PM.


#10 GritsRgreat

GritsRgreat

    Banned

  • Joined: 19-July 10
  • PipPipPipPipPipPipPipPipPip
  • posts: 9,101
  • Reputation: 2
Banned

Posted 12 January 2011 - 03:32 PM

:smilielol5: @ poor people