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Income of 400 richest Americans doubled during Bush era

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posted on Jan, 31 2009 @ 08:24 PM
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Raw Story


t was a party disproportionately enjoyed the richest Americans, the 400 wealthiest of which actually doubled their share of all U.S. income between 1996 and 2006, new statistics released by the Internal Revenue Service show. The average income of those 400 people actually doubled to $263.3 million during the first six years of George W. Bush's presidency, according to the data.


Meanwhile the Middle Class incomes remained flat or dropped during the same period of time while their productivity nearly doubled. It is the Wealth Redistribution program started by Ronald Reagan and accelerated into Warp drive by the subsequent administrations.

This 3 card Monty game was covered by various bubbly schemes to distract the worker bees while the real money was made by the elite! Now the bottom has dropped out and anyone who is not completely hypnotized by the MSM and American Idol if finally catching on...duh!

Let's hope people hit the streets soon and let these smart guys know how we feel about being ripped off and having our Constitution shredded and our country outsourced so a few greedy men can be "Masters of the Universe"!


Now wealthy people, McIntyre said, pay income tax rates far less than those of working-class citizens because of tax breaks. The current 15 percent capital gains tax, down from 28 percent in 1997, benefits investors with big portfolios, the International Herald Tribune reported.

“The conservative approach of putting big corporations and the very wealthy ahead of the middle class has failed to create prosperity that can be shared by all Americans," writes Think Progress.




[edit on 31-1-2009 by Leo Strauss]




posted on Jan, 31 2009 @ 08:27 PM
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Well, there you have it.
The rich get richer....

One can only hope that this present economical/spiritual transformation -
touches all of them - so that the playing field finally gets leveled.


Edit - to add a t

[edit on 31-1-2009 by spinkyboo]



posted on Jan, 31 2009 @ 09:57 PM
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Everybody wants a piece of the pie...but how much clearer can it get to the American People to wake up to this b.s. Robin hood in Reverse and use their brains to formulate a strategy.

You can only be lazy for so long before it comes to bite you in the ass and it really sucks for people who are actually put into destitute situations and are unable to use their brains to the extent that a normal reasonably sane person can...

its not rocket science and the bell curve is just a reinforcer....

there are plenty of opportunities to keep america and the constitution and survive this mess...where are my leaders at?



posted on Jan, 31 2009 @ 10:13 PM
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What u expect?

who did you think makes them jobs?

Plus these peoples working hard! Shame on socialistisms!



posted on Jan, 31 2009 @ 10:43 PM
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Umm...I'm not rich, but my income doubled during that timeframe too.

How odd.




posted on Jan, 31 2009 @ 11:05 PM
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reply to post by BlueTriangle
 



That's funny. After I got my college degree, best job I've found so far pays me $13,500 a year. (After taxes and student loans are taken out)


Hmm... $1,100 a month doesn't go far. Looks like i'll be driving my college car for a while and living in the same crappy little apartment.


You may think that you're doing well, but not for long. For now you are just lucky.



posted on Feb, 1 2009 @ 07:29 PM
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Originally posted by username371
reply to post by BlueTriangle
 

That's funny. After I got my college degree, best job I've found so far pays me $13,500 a year. (After taxes and student loans are taken out
Hmm... $1,100 a month doesn't go far. Looks like i'll be driving my college car for a while and living in the same crappy little apartment.
You may think that you're doing well, but not for long. For now you are just lucky.


Well, if that's the case, I'll take lucky. I like to think it's being versatile and truly giving 100% on the job.

If you really can't find anything that doesn't pay over $13,500, you should consider uprooting and moving elsewhere. Here in western PA, you can get a job at a gas station that pays 18k+ a year and YES, they're hiring right now. The signs were up when I was there last wednesday.



posted on Feb, 2 2009 @ 10:14 AM
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Originally posted by username371
reply to post by BlueTriangle
 



That's funny. After I got my college degree, best job I've found so far pays me $13,500 a year. (After taxes and student loans are taken out)


Hmm... $1,100 a month doesn't go far. Looks like i'll be driving my college car for a while and living in the same crappy little apartment.


You may think that you're doing well, but not for long. For now you are just lucky.


What is your degree in and what kind of job did you get? Your story stinks like BS. No one in their right mind would take a job paying only $13.5K a year, especially assuming you have a college loan to pay off.




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