15 Mind-Blowing Facts About Wealth An...

15 Mind-Blowing Facts About Wealth And Inequality In America

Posted in the Minneapolis Forum

Demokrat Sheeple

Saint Paul, MN

#1 Feb 21, 2013
The rich are getting richer and the poor are getting poorer. Cliché, sure, but it's also more true than at any time since the Gilded Age.

The poor are getting poorer, wages are falling behind inflation, and social mobility is at an all-time low.

If you're in that top 1%, life is grand.

Here's 15 Mind-Blowing Charts About Wealth And Inequality In America >

The gap between the top 1% and everyone else hasn't been this bad since the Roaring Twenties

Charts at http://www.businessinsider.com/15-charts-abou...

This chart shows average income of the top 1% as a multiple of average income of the bottom 90%(via The Nation).

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Half of America has 2.5% of the wealth

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Read more: http://www.businessinsider.com/15-charts-abou...
Miss Piggy

Minneapolis, MN

#2 Feb 21, 2013
"Mind Blowing?" someone must have taken too much LSD in the 70's. Same kind of person who's still obsessed with Bush. Poor jealous little twits!!!!!!!
Demokrat Sheeple

Saint Paul, MN

#3 Feb 21, 2013
So it is OK for the top 0.1 percent to amass a larger and larger percent of our country's total ealth, while paying less and less taxes?

Here is a few other facts:

Half of America has only 0.5% of America's stocks and bonds

Real average earnings have not increased in 50 years

Despite the myth of social mobility, poor Americans have a SLIM CHANCE of rising to the upper middle class

Republican tax cuts have significantly increased the wealth gap

Meanwhile, income tax is getting lower and lower for the rich

America spreads its wealth FAR LESS than other developed countries

America's income spread is nearly twice the OECD average

The income gap is NOT growing in other countries, like France

Inequality is worst around Wall Street and Oil Land

Read more: http://www.businessinsider.com/15-charts-abou...
AntiMelting

Saint Paul, MN

#4 Feb 21, 2013
Demokrat Sheeple wrote:
So it is OK for the top 0.1 percent to amass a larger and larger percent of our country's total ealth, while paying less and less taxes?
Here is a few other facts:
Half of America has only 0.5% of America's stocks and bonds
Real average earnings have not increased in 50 years
Despite the myth of social mobility, poor Americans have a SLIM CHANCE of rising to the upper middle class
Republican tax cuts have significantly increased the wealth gap
Meanwhile, income tax is getting lower and lower for the rich
America spreads its wealth FAR LESS than other developed countries
America's income spread is nearly twice the OECD average
The income gap is NOT growing in other countries, like France
Inequality is worst around Wall Street and Oil Land
Read more: http://www.businessinsider.com/15-charts-abou...
So you want more free shit for people too stupid to get off government assistance? They get what they vote for.
Demokrat Sheeple

Saint Paul, MN

#5 Feb 21, 2013
AntiMelting wrote:
<quoted text>
So you want more free shit for people too stupid to get off government assistance? They get what they vote for.
I'm not sure where you got that from. I don't get any free shit. I guess I used to have aubsized student loans and an VA home loan.

I pay in taxes every year, I don't even get a refund because I'm dumb enough to report most of my income on side the side.

You might consider investing in a reading comprehension course. I said nothing about wabting free stuff for anyone.
Miss Piggy

Minneapolis, MN

#6 Feb 21, 2013
Demokrat Sheeple wrote:
So it is OK for the top 0.1 percent to amass a larger and larger percent of our country's total ealth, while paying less and less taxes?
Are the wealthy supposed to ignore legal tax breaks allowed by the IRS?
The low income sure don't pass up anything free that they can get their greedy little paws on.
And, if you like socialism so much, move to France, you'll fit in fine with the $10 cups of coffee and 20% VAT.

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