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Who Rules America?

This is kinda depressing to read.

Share of middle class income shrinking : Stltoday

Just show how the middle class as a whole is suffering.
Well they obviously arent working hard then.

Declining wealth: Median net worth for the middle class fell 28 percent over the last decade, from $129,000 in 2001 to $93,000, wiping out two decades of gains. Among upper-income families, net worth edged higher, to $574,000 from $569,000. Lower-income families saw net worth fall 45 percent to $10,000.
If this happened anywhere else there would be riots. More wealth transfers are needed. And yes, obviously falling house prices are part of this, but look at the lower-income statistic...
 
More wealth transfers are not needed. The idea is ridiculous. My wealth falls (and a lot of those declines cited are because home prices have fallen) therefore the solution is to go to someone who's wealth is not declining, take it from them and give it to me. I'm sorry, but that is flat out ridiculous. And don't even get me started on the idea that the government should be involved in monitoring my wealth for me lest it get too low. Nanny state much?
 
More wealth transfers are not needed. The idea is ridiculous.
Who are you kidding?
The US's GINI before wealth transfers is 49. In Germany its 50. After them in the US its 38. In Germany its 29. You either raise wages, or transfer money. And wages would need to be raised to uncompetitive levels in America.

Income distribution - Inequality

My wealth falls (and a lot of those declines cited are because home prices have fallen) therefore the solution is to go to someone who's wealth is not declining, take it from them and give it to me.
No, the solution is to tax those whose wealth is increasing more, and tax others less and/or provide them with services and financial supports.

And don't even get me started on the idea that the government should be involved in monitoring my wealth for me lest it get too low. Nanny state much?
Talk to the Department of Homeland security.
 

How did the Roaring Twenties turn out ? Concentration of power/wealth wherever it occurs leads to disaster.

I conjecture the love of money maybe discernible at a billion dollars, it's at least more serious than a friendship ring.

"We are free today substantially but the day will come when our Republic will be an impossibility. It will be impossibility because wealth will be concentrated in the hands of a few. A republic cannot stand upon bayonets, and when that day comes, when the wealth of the nation will be in the hands of a few, then we must rely upon the wisdom of the best elements in the country to readjust the laws of the nation to the changed conditions."

Attributed to James Madison, in an interview during his presidency (1809-1817) by the New York Post (cited by George Seldes, Great Quotations)

A Guide to Statistics on Historical Trends in Income Inequality — Center on Budget and Policy Priorities

"The concentration of income at the very top of the distribution rose to levels last seen more than 80 years ago (during the "Roaring Twenties")."
 
Actually I did read the Republican propaganda site track, that's why I posted a factual based peer reviewed article.

Which was totally irrelevant, but at least it was peer reviewed right?

The middle class shrank because the upper class grew. People left the middle class and are now upper class. Are you really advocating that we go to those people, slap them on the wrist, take their money away and force them to be middle class again? I guess success must be punished right?
 
Lets hope this'n doesnt ever get a chance:

Perry3.jpg
 
Did you read the article at all? It basically says the middle class shrank because the upper class grew.
I didn't see that.

Declining wealth: Median net worth for the middle class fell 28 percent over the last decade, from $129,000 in 2001 to $93,000, wiping out two decades of gains. Among upper-income families, net worth edged higher, to $574,000 from $569,000. Lower-income families saw net worth fall 45 percent to $10,000.
 
Romney was an early adapter of the "bust out", which was a tactic of Michael Milken, whom Romney obtained funds from prior to Milken's imprisonment. Buy a company with as much debt as possible, have bought company borrow even more, hollow out the company by extracting a huge dividend & commission paid by the companies new debt, leave others with the debt, rinse and repeat.

How Private Equity Firms Like Bain Capital Earn Profits : The New Yorker

"... The real reason that we should be concerned about private equity
 
Just another example of the Golden Rule.

Special Report: The casualties of Chesapeake's land grab across America | Reuters

"Chesapeake wanted to drill there, and the offers could have netted the couple thousands of dollars in a bonus and royalties. But Bhandari says they ultimately declined the deals because they oppose fracking in residential areas. Fracking, slang for hydraulic fracturing, is a controversial method used to extract gas and oil.

Their repeated refusals didn't stop Chesapeake, the second-largest natural gas producer in the United States. This June, after petitioning a Texas state agency for an exception to a 93-year-old statute, the company effectively secured the ability to drain the gas from beneath the Bhandari property anyway - without having to pay the couple a penny."
 
You have to earn over $200,000 or more per year to qualify...

Would it matter which denomination and/currency type. I have THIS! Its been folded but the spindle is still in good shape. I never spindle mine. Will they take this as a downpayment and only a mere 199,999 to go!?

Rumpneybill.jpg
 
We are a third world country. Warlords, Kings, Fuhrers, divine right of the rich, etc are now in control. It always ends badly.

Koch Social Media Policy May Be Unlawful; Employers Still Have Broad Leeway to Limit Employee Speech | PR Watch

"Since the U.S. Supreme Court's 2010 decision in [FONT=&quot]Citizens United v. FEC[/FONT], the Kochs and other employers can now make partisan political communications directly to their employees. As a private employer the Kochs can even limit their employees' speech, since the First Amendment only protects against government infringement on free speech and expression. Employers are also afforded wide latitude to fire workers for their political activities."
 
I hate to tell you this, but unions have been making partisan political communications to their members for decades. As well as every other organization that I've ever been apart of. And companies have been able to fire people for what they say on social networks for years. None of this new or shocking.
 
I hate to tell you this, but unions have been making partisan political communications to their members for decades. As well as every other organization that I've ever been apart of. And companies have been able to fire people for what they say on social networks for years. None of this new or shocking.

VERY true. in fact, I currently live in a "Fire At Will" state (...well guns included). But a company here can fire you for any reason they feel like it.

The sad thing is see today, however, is how F A C E B O O K has been used as a tool for reason. I am getting at the "content" of what a person has on their facebook page, the "type of friends", the type of comments, messges and even activities gets included in a company's decision to fire you if they feel its "not fitting of the company's character".

What i dont "get" is W H Y people feel compelled to put their personal info online like where they work, their phone numbers, email inf, even birthdate! I sure as heck didnt fill all that in by-golly, and by-repuglican decree i sure as hayale didnt turn on the feature where my co workers could see every post i made....but anyway I stopped using that "thang" long ago but first de-friended persons i was linked to on the job.

Just yesterday there was a news report on college grads and tips on how to land a job.. ONE of the tips was to "not delete" your facebook but watch what you do with it...lol

I guess u can say thats political.......right?..
 
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