85 Richest have as much as 3.5 billion poorest
- Thread starter jem
- Start date
afterlos --- you may know this - your graph proves the point I have been making.
The working classes real income is being destroyed by inflation and taxes.
WE requre assets that outpace inflation and avoid taxes to improve...
Hence most of the real income improvement goes to the top .05% who can tax plan and invest in real estate and fast growing business.
Most of the rest are getting eaten alive by govt taxes and inflation... (by crony design).
Don't even get me started on what govt back loans has done to the cost of college.
The working classes real income is being destroyed by inflation and taxes.
WE requre assets that outpace inflation and avoid taxes to improve...
Hence most of the real income improvement goes to the top .05% who can tax plan and invest in real estate and fast growing business.
Most of the rest are getting eaten alive by govt taxes and inflation... (by crony design).
Don't even get me started on what govt back loans has done to the cost of college.
The great equalizer as in the 1929-32 BEAR generates fairness in gap .... is a-coming - its got to
After the Depression households across the income spectrum enjoyed income growth roughly commensurate with losses during the downturn. As a result the top 1% only captured about 28% of total income growth from 1933 to 1936. This time around 95% of the increase in American income since 2009 has gone to the top 1%. No wonder, then, that the share of national income flowing to the rich is at a record high of 19.3%, ahead of both 2007 and 1929.
In chart see extreme right bars right next to the dark Top 1% bar = key thing to note is the staggering difference = its not subtle
The great equalization is soon to get underway = rich will take it in the ass, so will the poor but the effect on the rich will be exponentially higher
Fasten seatbelts, hide and watch
There is no need to focus on solving this issue, BEAR will solve it like he always does every 70 years or so.
Its part of the implant in the mind of the HERD = reason why HISTORY is never learned but instead ignored
