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Reply #1: This isn't exactly what you're looking for, but.... [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
Scuba Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-30-10 07:12 AM
Response to Original message
1. This isn't exactly what you're looking for, but....
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%

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

1945 TO 1980


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
1989-36%--Reagan 60% Tax Cut For 1%

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 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.


top 400 Income in 2008 paid average 16% FEDERAL TAX

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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