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(Chicago Trib)   Despite the unremitting socialism and class warfare of Obama, the 400 richest American's wealth grew by 13% last year and they now control 1/8 of the entire US economy. Surely we can all agree tax cuts are in order   ( divider line
    More: Sick, tax cuts, Americans, Larry Ellison, wealth, Jack Dorsey  
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1513 clicks; posted to Politics » on 19 Sep 2012 at 7:25 PM (5 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»

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2012-09-20 07:48:02 AM  
That's one way to look at it. The other is that the remaining 300 million Americans control 87% of the wealth of America. So if all of us got together instead of whining about men vs. women, black vs white, gay vs not gay, etc. etc. we could focus our energy on the real problem.
2012-09-20 09:38:36 AM  

DamnYankees: The Onion is prophetic: DamnYankees: Not that this is good, but where is this 1/8 number coming from?

From TFA:
Collectively, this group's net worth is the equivalent of one-eighth of the entire U.S. economy, which stood at $13.56 trillion in real terms according to the latest government data. But the 13 percent growth in the wealth of the richest Americans far outpaced that of the economy overall, helping widen the chasm between rich and poor.

That's wrong. They are comparing net worth to GDP. Net worth is something like $55T, not $13.5T.

Agreed. It's just more class warfare by the MSM attempting to reiterate their "a few rich people disproportionately influence the US economy."

/Wern't serm berdy thernk erf ther jerb kerr err ters ??????
2012-09-20 10:29:37 AM  

The Muthaship: This is what happens when rich people hear the word redistribution. They start hoarding. The main thing rich people hoard happens to be money. But, don't worry, the government is much smarter than rich people. They will surely get it all back and pass it around.

The odds of "the government" getting back any of the "rich peoples' money" is higher when the government is run by fewer "rich peoples' minions".

The Dems are not innocent, obviously, but the GOP doesn't even make a pretense of being interested in the welfare of the middle class.

/I'm not talking about Romney's definition of the "middle class"
2012-09-20 10:38:21 AM  

beta_plus: The 400 richest Americans don't threaten my family and assault, rape, and murder my friends. The holier-than-jesus poor do. But I'm sure that if I just give them more money and government healthcare, they will stop.

/pay up and nobody gets hurt
//wow, how European of you, almost Sicilian

Yup.Bernie Madoff never hurt a soul. Nor did the perpetrators of the economic meltdown. They were all just good solid patriotic burghers who were blindslided by completely unpredictable events.

But "holier than jesus" (where the hell did THAT come from??) poor people are all murderers and rapists. So let's make sure they are even poorer and sicker. That's the solution. And the money we save from withholding all benefits from them we can give back to the Pentagon/job creators, right?

Assuming you're not the troll of the century, I can't even begin to plumb the sewer of your thought processes.
2012-09-20 10:58:50 AM  
2012-09-20 11:40:18 AM  

Proteios1: That's one way to look at it. The other is that the remaining 300 million Americans control 87% of the wealth of America. So if all of us got together instead of whining about men vs. women, black vs white, gay vs not gay, etc. etc. we could focus our energy on the real problem.

This is exactly why you hear Fox Izvestia sputtering off about the usual suspects. Feelthy Queers, Scary Mooselimbs, Greasy Spics, Union Thugs, et cetera ad nauseam.
2012-09-20 01:10:21 PM
2012-09-20 03:03:29 PM  

Snapper Carr: I bet he could vouch for the President's ability to multitask (if he weren't otherwise engaged providing sustenance to the indigenous species of the Indian ocean)

Your login appears to be quite appropriate because I do declare, oh snap, someone surely just got told.
2012-09-20 03:19:20 PM  
A point can be made that after a certain amount of taxation, people will start to finagle the process. This is human nature. Let's find an equilibrium point shall we?
2012-09-20 03:40:51 PM  

The Muthaship: Shaggy_C: And the reason corporations are doing so is not because of some irrational fear of taxation, it's because demand is pathetically weak. Why would you invest in a new plant to produce millions of additional units if you already have trouble selling your current inventory?

They lack confidence in the future of the economy, largely because of who is currently in charge, but not solely.

Your straw man argument needs another bail added. But I will commend you on actually thinking about the issues. Most of the Republican shills / Obama haters do not even make an attempt to think.
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