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Politics
The Runaway Income and Wealth Inequality in America
An SI Board Since March 2019
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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.

BORROW & SPEND REPUBLICANS.



"For the first time on record, the 400 wealthiest Americans last year paid a lower total tax rate — spanning federal, state and local taxes — than any other income group, according to newly released data."

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.
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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
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"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 ...

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ReplyMessage PreviewFromRecsPosted
67Make Everyone The "Next 9%"!ryanaka-2/19/2020
66While the US household savings rate has been increasing on average, the rate amoryanaka-2/19/2020
65[graphic][graphic][graphic][graphic][graphic][graphic][graphic] [graphic]ryanaka-2/15/2020
64Climate change will be the Great Equalizer, and even the Ultimate Equalizer. Foryanaka-2/13/2020
63WHO is corrupt Japan bribed WHO so they t=don't include some stats in Japanryanaka-2/13/2020
62Oppressive Rightwing Authoritarian regimes like USA's Trump and South Korea&ryanaka-2/13/2020
61[graphic] theguardian.com The Rightwing Authoritarian regime, Park Geun Hye, thryanaka-2/12/2020
60Rightwing Authoritarian regimes and the Communist Authoritarian regimes are the ryanaka-2/12/2020
59Donald Trump wants to cut Education and Environmental Protection to continue to ryanaka-2/10/2020
58The Wealth Inequality has reached the breaking point all over the world. WW3 wilryanaka-2/10/2020
57[graphic]ryanaka-1/30/2020
56Unbelievable ... [graphic]ryanaka-1/24/2020
55[graphic]ryanaka-1/19/2020
54Billionaires now control as much wealth as 4.6 billion other people combined [yoryanaka-1/19/2020
53Kinship Intensity Index [graphic]ryanaka-1/15/2020
52DEMOCRACY INDEX [graphic]ryanaka-1/15/2020
51it will take the average worker a record 114 hours to buy one unit of the S&ryanaka-1/3/2020
50"the top 1 percent who will ultimately receive over 80 percent of the benefryanaka-1/2/2020
49"Half of the U.S. population spends more than their income, particularly atryanaka-12/31/2019
48Borrow and Spend Republicans. Trump gave hundreds of millions dollars to the stiryanaka-12/30/2019
47Head & Shoulder top of Prime Leverage Demographics: [graphic]ryanaka-12/30/2019
46The twitter-use inequality is still far less than the wealth inequality of this ryanaka-12/30/2019
45[graphic]ryanaka-12/21/2019
44Trump Wants to Take From the Poor and Give to the Wealthy The administration’s fryanaka-12/10/2019
43[graphic] Growing Divide As jobs are automated out of existence, the division bryanaka-12/9/2019
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