I looked up the report. Here's the numbers for income growth for 1979 to 2007:
275 percent for the top 1 percent of households
65 percent for the next 19 percent
Just under 40 percent for the next 60 percent
18 percent for the bottom 20 percent.
See any numbers going down?
Now go back and compare the statistics in the original post about 2007 to 2010.
I don't know about you, but I'd rather be living in the first situation. I bet a lot of other people would, too. Remember 2007? Highest Federal revenues in our history? Stock market cracking the 14,000 mark? Unemployment rate in the 4.5 percent range? A lot of that income increase came during the 90s. Remember the surplus?
We've had a century to see which ideas result in slavery, and which ones result in freedom and prosperity.
Hatred of the wealthy simply for being wealthy, as a basic political philosophy, is economic death. And the sooner we get the idiots out of power who believe it, the better.
Flame » in reply to I was giving you the benefit of the doubt.
First we change parameters, and then we change the time frame.
The whole thread (11 posts)
- The times cry for new statistics.
