Anyone here remember the "pie" analogy of a few days ago? How the "pie" is split up between

[secondwind]

the haves and have-nots? I could use it just about now! Tks.

[Sherman A1]

1. I like pie myself

mostly apple, cherry, peach and pumpkin

Don't remember seeing a chart

[Bozita]

2. I remember GWB wanting to make the pie higher

I think it's some kind of coded message to Teabaggers.

[Warren Stupidity]

4. A high pie floats all totes!

[CTyankee]

5. "make the pie higher" ? Code for tax breaks for the wealthy?

Otherwise, I don't get your point...sorry, my bad...

[Warren Stupidity]

3. mmmm cherry pie

[CTyankee]

6. Wanna know where you can get the BEST cherry pie in the U.S.?

Door County, Wisconsin! With frozen custard you are guaranteed 5 lbs weight gain but man, your taste buds will have something to show for it!

[valerief]

7. The haves get the pie and the have-nots get the crumbs. nt

[mrJJ]

8. Pie

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

Read more: http://www.businessinsider.com/15-charts-about-wealth-and-inequality-in-america-2010-4##ixzz0uigeltlv

15 Mind-Blowing Facts About Wealth And Inequality In America

Read more: http://www.businessinsider.com/15-charts-about-wealth-and-inequality-in-america-2010-4#the-gap-between-the-top-1-and-everyone-else-hasnt-been-this-bad-since-the-roaring-twenties-1#ixzz0uig2s35j

• Because real average earnings have not increased for most of us in 50 years

• Because, since the 1960’s, income taxes have consistently gone up for the middle class* and way down for the upper class.

Our taxes have gone up because the government keeps using them as tax bailouts for the rich: In the 1960’s, the richest multi- multi- millionaires paid a 72% income tax rate. Their poor cousins, the millionaires, paid 45% income. The rest of us in 1960 paid about 15%.

Meanwhile the rich are earning more and paying less in taxes. Now the richest pays about the same in income tax as the average middle class guy.

• The average CEO’s income increased 235% over the last 2 decades.

• People working minimum wage saw income drop almost 10%.


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

Read more: http://www.businessinsider.com/15-charts-about-wealth-and-inequality-in-america-2010-4#the-gap-between-the-top-1-and-everyone-else-hasnt-been-this-bad-since-the-roaring-twenties-1#ixzz0uijO8Jf4

Think about it this way: Let’s say in America there are only 100 people and 100 Apple Pies are all the money.

• ONE GUY would take 33 ½ of those pies.

• 9 people would take 38 of those pies

• 40 people would get 26 pies

• In the middle class 39 of us would be forced to split 2 ½ pies between us.

• 11 would get crumbs or none at all.

Despite the idea that anyone can make it if they work hard enough, there is very little chance of you or your children rising to the upper middle class

Mostly you are working hard at low wage jobs so the rich can get richer and pay less in taxes, while you pay more.
.

http://www.businessinsider.com/15-charts-about-wealth-and-inequality-in-america-2010-4#

[secondwind]

9. This is what I was searching for, thanks so much!!

[golfguru]

11. Needs some clarification

" Now the richest pays about the same in income tax as the average middle class guy."

Same percentage may be, but not same dollars.

If you earn $50,000 and pay 10% you are paying $5000.

If you earn $1 Million and pay 10% you are paying $100,000.
You will not find any one making $1 million in earnings paying $5000 in taxes.

[hedgehog]

12. The difference is the guy making $50,000 has $45,000 left over to

pay the mortgage, buy food, pay the utility bill, send the kids to college, save for retirement and maybe take a vacation. The guy making $1million has $900,000 left over, or enough to support the other guy for 20 years!

[TheBigotBasher]

14. "You will not find any one making $1 million in earnings paying $5000 in taxes."

Indeed that figure is far too high.

What with wages paid through charitable trusts and via dividends so they can be taxed as a corporation there would be few making $1 million who paid $5k in income taxes.

[golfguru]

10. Right now the pie has shrunk

so smaller slices for every one.

[madmom]

13. marking for later