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Thread: U.S. Wealth Is Now the Most Concentrated at the Top Since 1916

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    Taking A Stand!!!

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    Default U.S. Wealth Is Now the Most Concentrated at the Top Since 1916

    September 27, 2013

    A new report shows that income in the U.S. in 2012 was more concentrated at the top than at any time since 1916.
    This type of rise had never happened before – continuing to climb even after a Wall Street crash.

    Evidently, the trillions of dollars in bailouts to Wall Street banks and to their top investors, which didn’t happen under President Franklin Delano Roosevelt during the 1930s, has been having the result that Wall Street and their friends could be expected to have sought: it has prevented them from sharing in the hardships that the public – who have bailed them out and are still experiencing lost jobs, lost pay, and lost wealth – are suffering through in the aftermath of 2008.
    Has the difference between the Democratic and Republican Parties degenerated to the difference between subservience to Wall Street, versus hyper-subservience to Wall Street? Is that what it really is coming down to, now?
    U.S. Wealth Is Now the Most Concentrated at the Top Since 1916 | Alternet
    Last edited by ABFwife; 10-01-2013 at 09:22 AM.

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    Default Re: U.S. Wealth Is Now the Most Concentrated at the Top Since 1916

    So when is it enough for them ?
    After all regulatory agencies are shut down ?
    When the corporate ideal is to operate without restrictions ?
    To see the economy stagnate forcing the populace to take the scraps ?
    Or to just have total control and power ?

    Let us all kneel to the corporate gods of greed ...

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    Default Re: U.S. Wealth Is Now the Most Concentrated at the Top Since 1916

    Not under O's watch this can't be

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    Default Re: U.S. Wealth Is Now the Most Concentrated at the Top Since 1916

    Quote Originally Posted by Kickass View Post
    Not under O's watch this can't be
    Sure ... it just happened in the last couple of years !!!

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    Default Re: U.S. Wealth Is Now the Most Concentrated at the Top Since 1916

    Other than in 2012, the highest it has been in recent decades was 3.53% in 2007, under Bush, at the peak right before the 2008 crash. This money-concentration is now more extreme than it was even then – even at Bush’s peak.

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    Default Re: U.S. Wealth Is Now the Most Concentrated at the Top Since 1916

    And yet they want more ...

    For their enormous contributions to our standard of living, the high-earners should be thanked and publicly honored. We are in their debt.

    Here’s a modest proposal. Anyone who earns a million dollars or more should be exempt from all income taxes.
    Give Back? Yes, It's Time For The 99% To Give Back To The 1% - Forbes

    That is what the wealthy elitists think of us.
    Give them more ... and more ... till we have nothing left to give.
    So when does that "trickle down" theory begin to work ?
    ABFwife likes this.

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    Default Re: U.S. Wealth Is Now the Most Concentrated at the Top Since 1916

    Quote Originally Posted by Kickass View Post
    Who let the fox in the hen house? Bbbbbbbbbuuuuuuuussssssshhhhhhhhhh

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    Default Re: U.S. Wealth Is Now the Most Concentrated at the Top Since 1916

    Get over what the 1% are getting..they are as miserable as you but the household wealth of the average homeowner ain't to bad today either
    Let's take a long-term view of household net worth from the latest Z.1 release. A quick glance at the complete data series shows a distinct bubble in net worth that peaked in Q4 2007 with a trough in Q1 2009, the same quarter the stock market bottomed. The latest Fed balance sheet shows a total net worth that is 34.6% above the 2009 trough at a new all-time high 8.4% above the 2007 peak. The nominal Q4 net worth is up 1.8% from the previous..
    it could be a bubble ready to burst but who knows?

 

 

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