Tag Archives: income distribution

I hope they’re grateful too . . .

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.

How is this healthy for a nation? It isn’t. It’s destructive.

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.

‘splains a lot now, doesn’t it

from chrispiasck