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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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