OPP Newsletter

Terbreugghen

strange that the graph in question terminates just before the 2008 housing bubble and subsequent market crash. Why would they do that, do you think?

Terbreugghen

strange that the graph in question terminates just before the 2008 housing bubble and subsequent market crash and loss of about 40% of value. Why would they do that, do you think?

grazeem Loc: Arizona

"No matter how many different ways you illustrate this, it's still pretty remarkable. Instead of trying to ameliorate the effects of a broad economic trend, we've done everything we possibly can to accelerate it. That includes tax policy, financial deregulation, trade policy, anti-labor policy, and much more. And since there's approximately zero evidence that any of this has actually increased economic growth, it means that U.S. policy for the past 30 years has been aggressively dedicated to shifting income share away from the poor and middle class and into the pockets of the already rich.

Remarkable."

Remarkable indeed!!

Terbreugghen

I believe the same metrics indicate an increase in income of households in the bottom quintile.

http://www.policymic.com/articles/12319/6-myths-about-income-inequality-in-america

Since 1970, incomes between households in the top and bottom quintiles appear to be different in nominal and real terms, in which real income is the amount of goods and services each dollar of income can purchase in 2010 dollars (Figure 1). The argument that the lowest quintile is worse off than in the past is a myth; this group's average real income rose by 10.5% over this period.

snowbear37 Loc: MA.

I agree with the following response to the article:

"One of the problems I think is that most liberals can't bring themselves to acknowledge the fact that the democrats are actually the party of the ruling elite in America; there are many rich and greedy Republicans, but not as many as there are rich and greedy democrats. The libs just have a better PR machine, and philanthropic window dressing:

'The New American Gazette analyzed the
political contributions of the richest Americans and concluded: An analysis of the Top 20 Richest People in America (from Forbes Top 100)
reveals that a full 60% are actually Democrats. Furthermore, if you
look at it from a “family” point of view and not as individuals, that ratio widens even further to: 25% Republican / 75% Democrat."
9 of the 10 richest zip cods in America voted for Obama. Can we stop playing this game?"

hprinze Loc: Central Florida

Insane class hatred and irrational jealousy of anyone who is successful in private enterprise

grazeem Loc: Arizona

I won't disagree with you at all.

Even Bill Mahar bitches about taxes.

We had a good year last year, and paid over $60,000 in taxes. That hurts, but:

This country has been good to me, and as I much as I don't like paying taxes, I realize that taxes are the price of freedom, are the price of being allowed to be prosperous.

I will pay taxes and be thankful.

But you were talking about Democrats and Republicans both being for the big dog's. I agree

alex Loc: michigan now imperial beach californa

The main thing libs refuse to understand is while the number of poor remains more or less the same the people that are poor are not the same from year to year, think of it as an escalator going up, every year another group gets on the bottom and starts up, as they go up, at various points a trap door opens and any one on the door falls though and has to start at the bottom again some do some don't, some get all the way to the top, others are satisfied at half or three quarters of the way up

hprinze Loc: Central Florida