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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
===

"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-February 19
66While the US household savings rate has been increasing on average, the rate amoryanaka-February 19
65[graphic][graphic][graphic][graphic][graphic][graphic][graphic] [graphic]ryanaka-February 15
64Climate change will be the Great Equalizer, and even the Ultimate Equalizer. Foryanaka-February 13
63WHO is corrupt Japan bribed WHO so they t=don't include some stats in Japanryanaka-February 13
62Oppressive Rightwing Authoritarian regimes like USA's Trump and South Korea&ryanaka-February 13
61[graphic] theguardian.com The Rightwing Authoritarian regime, Park Geun Hye, thryanaka-February 12
60Rightwing Authoritarian regimes and the Communist Authoritarian regimes are the ryanaka-February 12
59Donald Trump wants to cut Education and Environmental Protection to continue to ryanaka-February 10
58The Wealth Inequality has reached the breaking point all over the world. WW3 wilryanaka-February 10
57[graphic]ryanaka-January 30
56Unbelievable ... [graphic]ryanaka-January 24
55[graphic]ryanaka-January 19
54Billionaires now control as much wealth as 4.6 billion other people combined [yoryanaka-January 19
53Kinship Intensity Index [graphic]ryanaka-January 15
52DEMOCRACY INDEX [graphic]ryanaka-January 15
51it will take the average worker a record 114 hours to buy one unit of the S&ryanaka-January 3
50"the top 1 percent who will ultimately receive over 80 percent of the benefryanaka-January 2
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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