U.S. INCOME Inequality grows from 1973 to present; The Plutocracy
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Uploaded by Ralphdraw3 on Dec 9, 2010
http://www.thesoapboxroadshow.com Taken from an article in Salon (only shows income inequality not wealth inequality - which is even worse)
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In 1979, before Reagan, the top wealthiest 1% earned 9% of our GDP. They now take 23.5% of GDP -- the highest percentage since 1929. -- Robert Rubin in "Aftershock."
Atrocious!
1 year ago 6
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President Oama's chief of staff, William Daley, reported getting more than $20 million in salary, bonuses and other income last year. Daley got much of his income from JPMorgan Chase & Co., where he was a top executive. The White House says he's recusing himself from any matters involving JPMorgan and also divesting all of his holdings in individual companies.
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All Comments (14)
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discussing income inequality the way its currently done is the same as chairs on the titanic deck.
Pointless.
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@5LiterRapesCAMAROaSS I agree with a lot you are saying, but I disagree with the idea that globalization is new. They were experiencing many of the exact same globalization issues 100 years ago. Imagine people's astonishment when they realized that by bringing back the middle class we did just fine, thank you, in the global economy.
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Superb work Ralph, thank you! We're putting up on our site ProsecuteThemNow (dot) com
Hutch - info (at) impeachthem (dot) com
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Good video. Thanks for letting me know about it.
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If you go back in history the same "history repeats itself" term is happening again. In the 1920s before the Great Depression the rich started hoarding all the cash & did not invest. FDR had to invest on the bottom 98% percent of people bcuz all the plotucrats would not invest in the country. The same thing is happening right now. Except that our jobs our going to other countries. The rich are not investing in our own country in MFGing and so on. We can't consume if you don't pay us to consume!
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who cares? envy is one of the seven deadliest sins. Steve Jobs got filthy rich and everyone is better off for it. This is a bad thing?
MrVanjones 1 week ago
@MrVanjones More people on food stamps, more people in debt, more people in poverty, more people losing their homes, the government is $16 trillion in debt.
Ralphdraw3 1 week ago