SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  For example, here is how to disable FireFox ad content blocking while on Silicon Investor.
Politics
The Runaway Income and Wealth Inequality in America
An SI Board Since March 2019
Posts SubjectMarks Bans
22 1 0
Emcee:  ryanaka Type:  Moderated
The Income and Wealth Inequality in this country is exploding out of control.
Donald Trump is determined to make it worse with every passing day of his presidency.

Trump's Tax Law: Collect extra thousands of dollars from each of the Bottom90% and give to Top1%. Take extra national debt and give to Top0.01%. I am paying at least extra $4-5k because of Trump tax law.

The general population, the income growth should be approximately at the pace of GDP growth. But for the past 40 years, since Ronald Reagan was president, there has been relentless wealth transfer from the Bottom90% to the Top1%, especially to the Top0.01% (Billionaires).

AMERICAN CAPITALISM IS SERIOUSLY BROKEN.


Below in the Chart:
90th-99th percentile = Upper Middle Class = After-Tax Annual Income of $120,000 to $425,000

nytimes.com
I dubbed the Top0.01% the Billionaires.
=====
The growth of the number of people who need secondary jobs to pay the bill, and the growth of the Top0.01% Income look eerily similar.

theguardian.com
===

"typical household, amazingly, has a net worth 14 percent lower than the typical one did in 1984, according to a Russell Sage Foundation publication."
nytimes.com

TWO SEX CRIMINALS ...
 Previous 25 | Next 25 | View Recent | Post Message
Go to reply# or date (mm/dd/yy):
ReplyMessage PreviewFromRecsPosted
22AI and Robots will displace Trump supporters from their job. What are they gonryanaka-last Thursday
21Workplace burnout [graphic]ryanaka-July 9
20[youtube video]ryanaka-June 26
19[tweet]ryanaka-June 26
18Unemployment Looks Like 2000 Again. But Wage Growth Doesn’t. nytimes.comryanaka-June 2
17'Full employment' may be increasing economic inequality businessinsider.ryanaka-June 2
16Low unemployment rate will reduce income inequality??? Not a chance! [graphic]ryanaka-May 24
15[facebook video] Jamie Dimon: "I don't know, I have to think about it.ryanaka-April 12
14The typical household, amazingly, has a net worth 14 percent lower than the typiryanaka-April 10
13"Ray Dalio: Capitalism's Income Inequality Is National Emergency - Blooryanaka-April 8
12Women v. Men ... [graphic] [graphic]ryanaka-March 29
11[graphic] [graphic] [graphic] [graphic] theguardian.comryanaka-March 23
10The American middle class is stable in size, but losing ground financially to upryanaka-March 21
9Trump's Middle Class Tax Hike: Last year, my federal tax return (for 2017) wryanaka-March 21
8"Wealthiest 10% of Americans own 84% of all stocks in America." [tweeryanaka-March 18
7[graphic]ryanaka-March 18
6Debt is suddenly hot The truism that debt and deficits matter is fading away amryanaka-March 17
5U.S. deficit grew 77% in first quarter of 2019 The Treasury Department said the ryanaka-March 17
4Few Americans see savings from Trump's tax reform: Reuters/Ipsos poll "ryanaka-March 15
3PPI, CPI lower today (March 2019) than at the beginning of Donald Trump presidenryanaka-March 13
2"The Fed may have inflation under control, but it has allowed income inequaryanaka-March 12
1The Forty Year Accumulation Of Income Inequality in America. Top0.01% has exploryanaka-March 12
 Previous 25 | Next 25 | View Recent | Post Message
Go to reply# or date (mm/dd/yy):