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Record inequality: The top 1 percent controls 38.6 percent of America's wealth

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posted on Nov, 17 2017 @ 07:51 PM
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Tax can't be too bad because the richer are getting richer:



The top 1% of families brought in a record-high 23.8% of the overall income in 2016, the Fed said. That's up from 20.3% in 2013 and about twice as high as the low point in 1992.

The bottom 90% of families now make less than half of the country's income. That figure slipped to 49.7% last year, down from more than 60% in 1992.


Record inequality: The top 1% controls 38.6% of America's wealth

Every year the rich get richer and the purchasing power of the median worker's wages declines. This is not going to end well for the dollar.

Increase military spending with new tax cuts for the rich are just going to make matters worse. Oh boy!


edit on 17-11-2017 by dfnj2015 because: (no reason given)




posted on Nov, 17 2017 @ 07:57 PM
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a reply to: dfnj2015

Even to question inequality means you are a socialist and drink dirty bath water./sarc


The gains in productivity are not being shared with the workers. If they were you could afford the little things, like health insurance.



posted on Nov, 17 2017 @ 07:58 PM
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a reply to: dfnj2015

But this is the greatest country in the history of ever, so we still have that



posted on Nov, 17 2017 @ 08:00 PM
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a reply to: dfnj2015

But let's hope that this trend will change eventually once we keep cutting taxes favouring the wealthiest.


Congressional Budget Office



posted on Nov, 17 2017 @ 08:02 PM
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a reply to: seasonal

My ACA Omnia Silver plan is going from $1600 per month for family of 4 to $2100 per month. A 23% increase. My salary did not go up 23% this year!

Eff the healthcare cartel! Eff the corporations!



posted on Nov, 17 2017 @ 08:02 PM
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Why do workers keep working for less ?

You would think people would know better by now.




posted on Nov, 17 2017 @ 08:02 PM
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originally posted by: Southern Guardian
a reply to: dfnj2015

But let's hope that this trend will change eventually once we keep cutting taxes favouring the wealthiest.


Congressional Budget Office


Want to borrow my sarcasm graphic???




posted on Nov, 17 2017 @ 08:03 PM
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originally posted by: mymymy
a reply to: dfnj2015

But this is the greatest country in the history of ever, so we still have that


Isn't the new American dream being able to blow the crap out of brown people, not a good job, health, a savings account or other old fashioned things.



posted on Nov, 17 2017 @ 08:05 PM
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a reply to: dfnj2015

Yep. So, what ya gonna do about it?

Waiting for things to change in your favor won't have the desired effect I'm afraid.



posted on Nov, 17 2017 @ 08:06 PM
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originally posted by: roadgravel

originally posted by: mymymy
a reply to: dfnj2015

But this is the greatest country in the history of ever, so we still have that


Isn't the new American dream being able to blow the crap out of brown people, not a good job, health, a savings account or other old fashioned things.






As long as they have guns that seems too be all that matters.



posted on Nov, 17 2017 @ 08:07 PM
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originally posted by: mymymy
a reply to: dfnj2015

But this is the greatest country in the history of ever, so we still have that


Enjoy it while it lasts. The way the world is going I don't know how long my Country America will retain it's greatness. The book of revelations is looking grimmer than it did twenty years ago in my eyes.



posted on Nov, 17 2017 @ 08:11 PM
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a reply to: dfnj2015

Agreed.

I am going to scare the hell out of some here.

There are other countries handling health care better and cheaper. It is a single payer system. BOO!!

Edit: Notice how Sanders was f'd sideways out of the election. He was 100% in calling out corps, colleges and was super duper single payer. Shut his ass up didn't it?

.
edit on 17-11-2017 by seasonal because: (no reason given)



posted on Nov, 17 2017 @ 08:12 PM
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a reply to: roadgravel




Isn't the new American dream being able to blow the crap out of brown people, not a good job, health, a savings account or other old fashioned things


That's not only the American dream, it's the American GOAL



posted on Nov, 17 2017 @ 08:14 PM
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a reply to: blackadder01




Enjoy it while it lasts


I'm poor, I haven't really enjoyed it up to now



posted on Nov, 17 2017 @ 08:14 PM
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originally posted by: xuenchen
Why do workers keep working for less ?

You would think people would know better by now.



Me thinks they prefer to complain instead of learning how to play the USA game.



posted on Nov, 17 2017 @ 08:16 PM
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originally posted by: xuenchen
Why do workers keep working for less ?
You would think people would know better by now.


You obviously are not a manager of people. People generally don't give a crap about work.



posted on Nov, 17 2017 @ 08:17 PM
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originally posted by: mymymy
a reply to: roadgravel




Isn't the new American dream being able to blow the crap out of brown people, not a good job, health, a savings account or other old fashioned things


That's not only the American dream, it's the American GOAL





posted on Nov, 17 2017 @ 08:23 PM
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originally posted by: JinMI
a reply to: dfnj2015

Yep. So, what ya gonna do about it?

Waiting for things to change in your favor won't have the desired effect I'm afraid.


You are right. As an individual I have no power to fight the cartels and monopolies. According to FDR, against economic tyranny such as this, the American citizen could appeal only to the organized power of government:



"An old English judge once said: 'Necessitous men are not free men.' Liberty requires opportunity to make a living - a living decent according to the standard of the time, a living which gives man not only enough to live by, but something to live for.

For too many of us the political equality we once had won was meaningless in the face of economic inequality. A small group had concentrated into their own hands an almost complete control over other people's property, other people's money, other people's labor - other people's lives. For too many of us life was no longer free; liberty no longer real; men could no longer follow the pursuit of happiness.

Against economic tyranny such as this, the American citizen could appeal only to the organized power of government."


Speech before the 1936 Democratic National Convention



edit on 17-11-2017 by dfnj2015 because: (no reason given)



posted on Nov, 17 2017 @ 08:24 PM
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a reply to: dfnj2015

The American Dream. What would George say now?



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