I know I am very grateful that my enlightened government refuses to officially allow elderly and ill to be impoverished.
A factoid: where are the largest percentages of the Mr. Romney’s 47%? You already knew I’m sure. Remember also that those blue states are largely donor states, getting back less than a dollar for every dollar into the kitty and those red states are largely recipient states. Whoops, I meant ‘takers’.
So it makes perfect sense that they mostly voted for the guy who holds them in contempt. And says so.
Posted in 2012 Elections, economy, Government, Politics, poverty, taxes
Tagged 47%, donor states, income distribution, Mitt Romney, Politics, poverty, Red State - Blue State, Taxes
We need to fix this or it’ll ruin us.
WASHINGTON — The top 1 percent of earners more than doubled their share of the nation’s income over the last three decades, the Congressional Budget Office said Tuesday . . .
In this report, the budget office found that from 1979 to 2007, average inflation-adjusted after-tax income grew by 275 percent for the 1 percent of the population with the highest income. For others in the top 20 percent of the population, average real after-tax household income grew by 65 percent.
By contrast, the budget office said, for the poorest fifth of the population, average real after-tax household income rose 18 percent.
And for the three-fifths of people in the middle of the income scale, the growth in such household income was just under 40 percent.
Posted in broken government, Civics, corporate power, economy, Government, labor, Occupy Wall Street, Plutocrats, Politics, poverty, taxes, the future, the nation
Tagged broken government, economy, government, income distribution, oligarchy, poverty, Taxes