Announcement

Collapse
No announcement yet.

Support Bernie Sanders

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Support Bernie Sanders

    In the year 2014, the U.S. has by far the most unequal distribution of wealth and income of any major country on earth. This inequality is worse than at any time in our country’s history since 1928. Today, the top 1 percent owns about 37 percent of the total wealth in this country. The bottom 60 percent owns only 1.7 percent of our nation’s wealth.

    At a time median family income is $5,000 less than it was in 1999, the net worth of the top 400 billionaires in this country has doubled over the past decade. The top 1 percent now owns more wealth than the bottom 90 percent of Americans and one family, the Walton family of Wal-Mart, owns more wealth than the bottom 40 percent of Americans.

    In terms of income, the top 1 percent earns more than the bottom 50 percent. Since the Great Recession of 2008, 95 percent of all income gains in the U.S. have gone to the top 1 percent. While the rich have become even richer, more Americans are living in poverty than at any time in our nation’s history. Today, half of Americans have less than $10,000 in savings. We have the highest rate of childhood poverty—22 percent—than any major country on earth.

    http://www.truthdig.com/report/item/...e_tax_20140909

    Write your congress person. Support this legislation.

  • #2
    I love Bernie.....


    At a time median family income is $5,000 less than it was in 1999, the net worth of the top 400 billionaires in this country has doubled over the past decade. The top 1 percent now owns more wealth than the bottom 90 percent of Americans and one family, the Walton family of Wal-Mart, owns more wealth than the bottom 40 percent of Americans.



    Why do everyday Republicans think this is good, or support the policies that make thius happen?

    Comment


    • #3
      I would vote for Bernie without hesitation but, unfortunately, the corporate media will assassinate him before he even gets a chance.

      Comment


      • #4
        They will probably try to paint him as anti semitic --- and also as senile, too cranky and too old to run the country.

        And because the American people will swallow anything, it will probably work.

        Comment


        • #5
          Don't mind me, I am just trying to grab the crumbs from the rich folk at their dinner table.

          Comment


          • #6
            Originally posted by ludo21 View Post
            Don't mind me, I am just trying to grab the crumbs from the rich folk at their dinner table.
            That's the kind of tax structure this country had when it was at its peak. It's devolving into banana republic status now.

            Comment


            • #7
              People need to remember when the tax code had higher % on the rich they had tons and tons of write offs to avoid them. It's always been the same.

              Comment


              • #8
                As the Financial sector has increased in relation to GDP, the Rich have accelerated their portion of wealth substantially. Finance does little to create good jobs for lots of people, gets bailed out by the credit of the United States, and typically benefits the rich the most.

                And it's growing. No tax scheme will change it, not regulation will change it.

                Comment


                • #9
                  INFLATION caused by deficit spending is the primary cause for the increasing wealth gap.

                  Obama has almost accumulated more debt than all the other presidents combined.

                  Comment


                  • #10
                    Originally posted by pricejj View Post
                    INFLATION caused by deficit spending is the primary cause for the increasing wealth gap.

                    Obama has almost accumulated more debt than all the other presidents combined.
                    Really? Deficit spending has been rampant, yet, inflation..........

                    Comment


                    • #11
                      ^

                      Ooops!

                      Another Fox News talking point bites the dust.

                      L0L.

                      Comment


                      • #12
                        I don't mind increasing the percentage on the top rate a few points (back to 39 and change from 35) in exchange for some significant cost shifting mechanisms on benefit programs in order to relieve some budgetary stress brought about by an aging population.

                        Comment


                        • #13
                          Originally posted by SoCalBronco View Post
                          I don't mind increasing the percentage on the top rate a few points (back to 39 and change from 35) in exchange for some significant cost shifting mechanisms on benefit programs in order to relieve some budgetary stress brought about by an aging population.
                          How about resetting the top rate to what it was under your favorite president?

                          That, along with some major defense cuts, would be enough to right the ship.

                          All it takes is letting go of greed.

                          Comment


                          • #14
                            Like TR pointed out, these "bloated fortunes" are self-perpetuating, requiring no labor to grow and producing no benefits for society. The structure of the market now does not reward entrepreneurship. It rewards the churning of electronic data and the manipulation of that data. And then the owners of these fortunes use the wealth to buy government in order to perpetuate their wealth and create even more wealth. What a society requires is wealth that is transformed into benefits; Jobs, infrastructure, research, education, advancement. In other words, a society creates wealth to create its own advancement and progress, not to simply fill the offshore vaults of a tiny portion of its population. That is self-defeating. America's wealth has been turned into a bludgeon used against our advancement, a tool of reactionary policies. We're like the farmer who overfeeds his pigs to the point that they can no longer stand up. We're producing mountains of fat, but no meat.

                            Comment


                            • #15
                              Originally posted by L.A. BRONCOS FAN View Post
                              How about resetting the top rate to what it was under your favorite president?

                              That, along with some major defense cuts, would be enough to right the ship.

                              All it takes is letting go of greed.
                              And sending women back home to make babies and cookies. You know if we're really returning to "golden ages"

                              Comment

                              Working...
                              X