Quote:
Originally Posted by Vjo
Excellent summation of why the little (and middle) guy is hurting and thus, why the entire ecomomy is hurting. A catch 22. More money has been removed from the economy by the super rich.
The super rich (top 1%) are now taking 20% of the total income vs 10% in 1980. The super rich (1%) now control 40% of total wealth.
Was unaware that 35% is the top tax rate now versus 1980 it was 70%.
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Yea, it's all the fault of the people who actually add value. It's all the fault of the people who own businesses and employ people.
Now back to our regular programming..
Gimme free health care
Gimme job security with seniority
Gimme stuff the private sector doesn't get
Guarantee my benefits
Guarantee my wages
Gimme cost of living increases
Gimme platinum pensions
Gimme welfare, social security, SSI, medicare, medicaid
Gimme unemployment extensions
GIMME
GIMME
GIMME!!!!!