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clarence swinney Donating Member (673 posts) Send PM | Profile | Ignore Wed May-12-10 11:01 AM
Original message
INEQUALITY
1945 to 1980 each percentile gained almost evenly in Income and Wealth

Reagan began upward redistribution with 60% Tax Cut for top 1%.
With increase Payroll Tax on Middle Class
With reduction in Unearned Income for Rich
With transfer of Revenue Sharing from Rich to middle class
With Tax on SS earnings
With Big Gift to rich stockholders of Defense industry stocks
With increasing Spending by 80% and Debt by 183%.
With 137 members of his administration investigated for crimes mostly $$ Fraud.

1945--1% owned 30% Total Financial Wealth
1980--20%
1989-36%--gift from Reagan

2008
1%-43%
10%-70%
20%-93%
80%-7% (120,000,000 workers)

20 years of 3 Conservative Presidents got 99,00 Net New Jobs Per Month.
Wall Street Rich got richer Gambling not creating new biz and jobs as in past
Carter + Clinton got 222,000 over 12 years.

In Bush 8 years Wall Street Rich Gamblers sent 2,300,000 of our jobs to just China.

Wall Street-Trust Us-It is legitimate

How can any intelligent person vote to send a Republican to Washington with their record?

Is it possible just that all Repubs are dumb?

clarence swinney
old ugly mean
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sam sarrha Donating Member (1000+ posts) Send PM | Profile | Ignore Fri May-28-10 11:03 PM
Response to Original message
1.  some great current Fascist wealth redistribution, bottom 80% has only 7% of financial wealth>Link
Edited on Fri May-28-10 11:05 PM by sam sarrha
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