WALL STREET RICH OWN US FOLKS

[clarence swinney]

Own all of government

Who will lead in the charge back to MIDDLE CLASS?

WEALTH + INCOME  

“God Bless The Rich”
Please raise your glass of champagne to honor Reagan and Bush
II

WEALTH-----
From 1980 to 2007
Top 1% got 35.4% of Total Wealth Increase
Bottom 60% got 11.2%

Nonhome Wealth
Top 1% got 42.5%of total increase
Bottom 60% got 5.6%

INCOME------
From 1980 to 2007
Top 1% got 44.1% of Total Income Increase
Bottom 60% got 12.4%

2001-2008—1% got 491 B in Tax Breaks—annual income exceeded
1.5 million
and put 1% Income at highest percent of Total Income since
1928

Bottom 99% got $3.74 in debt for each $1 in tax cuts 2001-2006

In that time, equal protection and housing for the elderly was
slashed 20% adjusted for inflation. Community Development
Block Grant cut 32% and lack of health insurance was epidemic.

400 taxpayers with highest income doubled income 2002-2006.
Hear Wall Street roar as it  crashed in 2007. Party time was
over.

The richest 400 reported an average $214 million each in 2005
on federal income tax returns in 2005—up from $104 million in
2002. Doubled.

The 400 richest taxpayers paid only 18% of their income in
federal individual income taxes in 2005—down from 30% in
1995—a 66% Tax Cut. Thanks Ron. Thanks George.

Many of the provisions of the 2001 and 2003 Tax Cuts are
scheduled to expire at the end of 2010.

IF OBAMA AND DEMOCRATIC CONGRESS MAKE PERMANENT --THEY ARE
GONE GONE GONE-FIRED

If made permanent, the top 1% of Households would receive
nearly $1200 Billion in Tax Cuts from 2009 through 2018 per
cbpp.org

Obama campaigned on eliminating them. Please note this
promise.

The poorest 20% would get a magnanimous tax cut of $45 per
year. Whoopee! 

NET WORTH----
2007-top 20% had 85%--bottom 80% had 15%
2007-nonhome worth—20% had 93% and 80% had 7%
2007-Income-20% got 60% and 80% got 40%

Oh! Such a Fair and Balanced Nation! So Christ-Like. Makes me
so proud. 

[e-mail]
political historian since 1991 on Reagan-Clinton-Bush II
administrations

Above from Holly Sklar co-author of “Raise The Floor: Wages
and Policies That Work For All Of Us”  [e-mail] --Part
from writings of [e-mail]  

[fasttense]

1. The government used our tax dollars to stop the Black Hole of the 2nd Republicon Great Depression

from eating up Wall Street, Bankers and Insurance Corporations but have not added one single measly job to our American economy.

In fact, they cheer when a quarter of a million jobs vanish because it isn't a half a million vanishing jobs.

And people are claiming the depression, I mean the recession, is over, Not for us without jobs.