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]
|
