It's All About Me, Man

I've finally achieved consistency in my life. Any person of average or above intelligence can predict what I will say next with unerring accuracy. And what I say will always be wrong.

Wednesday, October 29, 2014

[ITSALLABOUTMEMAN] One of my finer facebook moments...

 

And woth repeating here....

The redistribution of wealth from workers to the idle rich.

  • Matt Love These graphics always seem to show pictures of Republicans, so they are missing half the picture. Caroline Kennedy alone is worth up to $500m - more than twice as much as Mitt Romney. How about the rest of them? I don't know but I can tell you no Kennedy has had to work unless they wanted to since her Grandpa Joe made the family fortune in bootlegging. John Kerry is worth an estimated $194 million (well, he HAS ~194 mil, how much he's worth is a matter worthy of debate). Anybody have a problem with that? Nancy Pelosi has 100 million. Her networth increased 62% last year alone, but how many people are upset over how much that pig is taking out of the economic trough? i couldn't even get a fix on how much the Clintons have - somewhere between 2.5 million and 106 million.People only care a little bit about how much the Clinton's have as Hillary tried to say she was like us because they were at one point close to having to sell one of their mansions. And speaking of the idle rich, I can't think of anybody who has been more idle, more useless than the incumbent, who somehow doubled his holdings to 14 million in the time he's been in office. Robert Reich has a chart that shows that around the time that Obama took office, the poor began to actually lose ground during economical expansions (https://www.facebook.com/RBReich/photos/pb.142474049098533.-2207520000.1414531700./868294406516490/?type=1&theater) - far surpassing the noteworthy cruelty of the Reagan and Bush regimes. Still, every few days, I get an email from him via MoveOn.Org urging me to support the Democratic Party! It would appear that Reich, a pauper at a mere 4 million, wouldn't mind having more, and he knows who is buttering his bread.
    Here's a chart showing what's happened during every economic expansion since World War II, and what portion of it went to the wealthiest 10 percent and the poorest 90 percent of households. As you can see, income growth every expansion has delivered more of its benefits to the top and less to the bottom 90. The drop in the bottom 90 percent's share really started to plummet in the 1982-1990 period, thanks to Reaganomics. Moreover, the real (inflation-adjusted) incomes of the bottom 90 dropped for the first time in the "recovery" we're now in. In other words, this is not a business cycle problem. We're dealing with the underlying structure of the economy, which is tilting ever more in the direction of the top and away from the vast majority. This is not sustainable. The choice is either fundamental reform or social unrest.

    Here's a chart showing what's happened during every economic expansion since World War II, and what portion of it went to the wealthiest 10 percent and the poor...

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Posted by: matt love <mattlove1@gmail.com>
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