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thanks to another DU'er from whom I plagarized this.
1945 to 1980 Great Middle Class years Each percentile gained almost evenly in Income-Wealth
1980 Cometh Conservatives 1980=1% owned 20% Total Finanical Wealth 1989=36%-- big 80% increase by stock market Reagan 60% tax Cut for 1%
2008- 1%=43% 10%=70% 20%-93% 80%=7%=120,000,000 workers
3 conservative presidents over 20 years created 99,000 net new jobs per month Carter + Clinton got 222,000 per month over 12 years Three in a Recession in 9 of 20 Most officials convicted of crimes in history
Three took 1000B of Debt and added on 9000B in 20. Carter left Reagan 600B Budget and increased by 80% in 8 years. National Budget apent 6066B from 1930 to 1980 and Reagan prersented 8 budgets total over 7000B in 8. More in 8 than in prior 50 is a disgrace. Why will D niot tell the people??
Bush increased Spending and Debt by 100% each. Created two major wars. Increased Food Stamps to 40% of population families.
1980-2000---Rape Of Middle Class-- Democrats will not tell the people. ??????
Six Years of Total Control left Erupting Volcano but Democrats let them get by with blaming Obama??? How dumb can they get? clarence swinney olduglymeanhonest
1945 TO 1980 EACH PERCENTILE GAINED ALMOST EVENLY IN INCOME-WEALTH GREAT MIDDLE CLASS YEARS
WHAT HAPPENED?
1980--2008--rape of the middle class
20 years three Conservative Presidents 18 years Conservative Senate 12 years Conservative House 6 years Total Conservative Control
1945-1% owned 30% Total Financial Wealth 1980-20% 1989-36%--Reagan 60% Tax Cut For 1%
2008 1%=43% 10%=70% 20%=93% 80%=7%=120,000,000 workers sad sad redistribution
20 years=99,000 net new jobs per month 12 years= Carter + Clinton got 222,000.
What happended after 1980??
Unearned Income Tax cut to 15% from 28% workers pay -fat play SS Payroll Tax increased big on Middle Class capped for rich Revenue Sharing transferred off Rich Income Taxes to Middle Class property taxes. Reagan 60% Tax Cut for top 1% Loopholes galore for Corporations Big cut in Estate Tax
ctj.org study-2008 Top quintile paid 30% of Total Income in Federal-=Stae-Local Taxes Middle Quintile paid close to that number
Corporations paid an average of 16% on Top Rate of 35% Exxon filed 2009 to pay 0 federal taxes on Billions of profits.
1980-2008 MIDDLe CLASS RAPED
top 400 Income in 2008 paid average 16% FEDERAL TAX
READ CAREFULLY----- No Reagan + Bush tax cuts--today we enjoy a 14,500B surplus not 12,000B Debt. 750 X 24 years=18,000 1700 X 5 years=8,500
Rape Rape Rape 80% own 7% shameful disgraceful
Makes America today one of top nations with Inequality a disgrace with such Wealth.
Conservatives will not rest till they get remaining 7%.
40% in America get Food Stamps. Praise Jehovah!
Still today you hear constant chant from Larry Kudlow etc
"Eliminate Estate Tax--Eliminate unearned Tax--Cut Corporate Rate"
Rich want the remaining 7%.
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