US Income Gap Between Rich & Poor, Widest Ever!
 

The income gap between the richest and poorest Americans grew last year to its widest amount on record as young adults and children in particular struggled to stay afloat in the recession.

The top-earning 20 percent of Americans - those making more than $100,000 each year - received 49.4 percent of all income generated in the U.S., compared with the 3.4 percent earned by those below the poverty line, according to newly released census figures. That ratio of 14.5-to-1 was an increase from 13.6 in 2008 and nearly double a low of 7.69 in 1968.

Story continues here...

http://www.cbsnews.com/stories/2010/....shtml?tag=dis

Wait until Sarah Palin is your next president. :)

That better not happen!


:2 cents::2 cents::2 cents:

Democrats are killing the middle class, we already knew that

Obviously. Can we please have this thread closed? Vendzilla has solved the case.

http://4.bp.blogspot.com/_lyB2MtUaRr...mbass+edit.jpg

That is what happens when you have a corporatist presidents like Bush and Obama.

Do you keep pictures like this on your Laptop?

That seems like a fair question :1orglaugh

only the ones you send me.:winkwink:

HMMMMMM? it was setup long time ago to get rid of the middle class in america.

Bush was there to get the middle class that was rising vote to make them happy.
Also to make money off defense and resources for his buddies.

Obama came in to make the "poor" happy.
He then goes ahead and squeezes out small business so help his corporate buddies.

Then the middle class wives middle age type will be made happy with Sarah Palin.

it goes down the line. you make certain people happy at certain times and they shut up for a good 8 years until everything is gone.

Why do this? the middle class in america is the only one who can really challenge the upper class. Deals were made long ago to rape the entire country of America.

You convince an entire country of people they are the best in the world so they stop bothering to look for distractions even inside their own country. Get them to build up an economy. Then you take everything from them knowing they will not put up a fight because you have basically trained them to be fat and lazy.

Don't believe me? Look around in the USA. It is really sad. I went to my Dads american citizenship ceremony. It is the immigrants who love your country. Pure bread Americans have 0 respect for themselves. And when there is nothing left they wont even put up a fight. Because Americans are so convinced they cannot do any wrong that they do not even bother looking at outside influences or opinions. And because you have no outside influence or opinions you choose not to take any action because you do not know any better.

https://youtube.com/watch?v=1CmvZE4i75o

Funny thing how some think that socialists fight the rich, corporations and inequality. Socialism at it's pure is one giant state corporation and those who are on top live 100 times better than those who are at bottom. They have personal guards and servants, best medicine, cars and food when those who are at bottom eat only 3d grade quality noodles and use public transport and hospitals empty on drugs.

Stop making sense this is GFY!!!!!!!!!

But not something he will answer, he's too sensitive
And this is news? it's always been like that, but when people try to take over the Corporations, it doesn't work

:1orglaugh :1orglaugh :1orglaugh

"Socialism at it's pure is one giant state corporation and those who are on top live 100 times better than those who are at bottom."

Thats just silly, and clearly stated by someone who doesn't even own a damn passport.

There aren't any countries that are "pure socialism" - in Europe we have social democracies - there aren't a lot of beamers, there aren't a lot of beaters, our kids are well educated, well fed, our life expectancies are long, quality of life excellent, health care covered by taxes (and far far cheaper than in the US), and issues like drug dependency, child poverty, teen pregnancy and violent crime are at levels so low as to make america look like something out of "midnight express"

And this is only in third world italy. Countries like Sweden, Iceland, Finland and Denmark are LIGHT YEARS ahead of us down south..... oh - and they are far far more competitive economically than the US is too.

Both major political parties are to blame for allowing labor / manufacturing arbitrage ... hiring offshore labor at $1 or whatever per hour and not having to abide by the strict labor and environmental rules ... in short, using 3rd world labor / facilities to manufacture goods / provide services sold at 1st world prices.

Such offshore arbitrage can't last forever ... it's taken roughly 30 years, but the effects are finally becoming plainly obvious throughout the U.S. as its living standards / wages rapidly decline to meet that of the 3rd world.

The irony is that as the U.S. standards falls, offshoring will likely accelerate ... seems counterintutive, but the race to the bottom is no where near done yet for two major reasons: 1. Too many working age, desperate, out of work adults in the U.S., which will continue to depress wages and decrease buying power; 2. Huge untapped populations of the world, such as much of Africa, in which people live on practically no income at all; makes even China expensive by comparison.

Ron

Here's what I love about the residual fallacy. Morons use "Aha!" statistics that might not necessarily have any correlation to say the rich are getting richer and the poor are getting poorer.

BFT3K contributions to the thread thus far.

1 miscellaneous video - Check
1 miscellaneous photo - Check

Everything is normal thus far.

Anyway, i don't care about the gap between the rich and the poor, some of these rich people work in this very industry that are paying my bills and providing me with the income to live the lifestyle i want.

Don't forget this one too..

1 STARTED the thread - Check

Starting threads is really not your strong suit, adding miscellaneous videos and photos to threads is where you real talent lays...kinda like a miniature slutboat.

When I first started posting here I used to hurl random insults at people I didn't even know. Pretty soon it became obvious that was clearly YOUR strong suit, so I decided to stick with my off topic contributions instead....

http://www.yankeecurmudgeon.com/uplo...300-733464.jpg

do you truly believe if we had no democrats there wouldn't be anything majority fucked up like we have some things now? same question to republican bashers, do you truly believe if we had no republicans we would not be in a position we're right now?

dual partisan ship was established to counter balance one other, now whats going on is fight for office desks and chairs and you guys used as tools to bash one another instead of focusing on real issues, just blame the guys on other side, job well done, beef up your over-inflated egos. <<< not personally directed at you, Vendzilla

greed is whats killing this country.

lol wut? Democrats gave middle class tax cuts. George W Bush gave tax cuts to his millionaire buddies and corporations as they shifted their workforce to India and China.

Google it, but wait you are a republican so don't let rationalism and facts get in the way of Glenn Beckish rhetoric which makes you feel better.

China is already more expensive than Vietnam

Leave it to the Demon to throw his 1 1/2 cents worth of jibberish that makes no fuckin sense. I would think that to get to his level of lawyerly & economics training he had to do some thing called research and not just throw shit at a wall.

:1orglaugh:1orglaugh:1orglaugh

That data illustrates the lack of a work ethic amongst the rabble, nothing more

HAHAHAHAA, Naaah, more like a concerted effort by the right starting with Reagan to destroy the middle class by concentrating wealth at the top thereby controlling the masses. Damn kinda sounds like the socialism the right continously harps about.

america is fucked by bush and obama!

Leave it to this fool to be so transparent with his stupidity. LOL@concentrated effort by the right. Good lord you're a moron rofl:1orglaugh

That is the story the unaccomplished run with but as someone who grew up middle class under Reagan, I know better

owned.

http://pretnetus.wordpress.com/2008/...idual-fallacy/

Tech Bubble - Housing Bubble - UN-owned!...

http://farm4.static.flickr.com/3044/...fe853da2_z.jpg

False Wall Street spikes based upon misrepresented numbers is NOT an achievement, no matter which side is in power!

[/IMG]http://www.nytimes.com/imagepages/20...ges_chart.html

If you go look you can see that a wages are at there lowest percentage of GDP ever while corporate profits are at there highest since the 60's. You can also see a steady decline in wages.

Corporations are owned by the people. You have no point. Work more, hate on your betters less.

It is well documented asshole. Look at what your reps are doing now, blocking a small business bill because it closes loopholes for sending jobs overseas. Anything to fuck the working people of the US. But apparently you slept thru your time in economic classes Dweeb U.

Oh please......that's not why they blocked this bill.
Get a clue

Harry Reid voted no on the bill. Hahaha

Who said they were my betters? I don't hate them hate pointing out a fact. You are correct they are owned by people but the people at the top of the corporation make ~280% more than the people doing the hard work to make them money. While the CEO's pay has grown dramatically the working classes hasn't. I just think that is a little unequitable.

Democrats fucked things up, they have been in power since they took the elections in 06 on the promise of change, they got a President on the promise of hope in 08, here it is the end of 2010, wheres the hope and change?
GOP has no power but to try and stop the bleeding, a balance works better, at least it did in 95 to 2000 when the GOP ran the house and senate and we had a democrat president, but I could be wrong!

You're are 100% correct, but he did so as a procedural vote which allows him to bring it back up whenever he wishes.

Then start your own company.
Thinking that it's the bottom rungers who do the hard work exposes what you actually know about business.

Small business doesn't need 30 billion in loans. The bill is a joke that SHOULD be voted down

and here i thought the stock market was based on speculation and not on the actual economy.

Well that just shows how much you know about business.