Decline of Middle Class: Wealth / Income Distribution in USA, Plutocracy

http://www.thenation.com/article/157531/new-congress-and-coming-class-war "All I want for Christmas is an opposition I can negotiate with." Well, Obama had one, briefly, so long as he was willing to cave in to its demands to bust the budget with a massive gift of more than $130 billion in tax cuts to the wealthiest 2 percent of the country and the gutting of the estate tax. That cleared the decks for other "victories" and "compromises" and led to widespread insider approval of Obama's ability to "make the system work." Like 13-year-olds at the movies, pundits love "action," period, never mind its consequences.

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[Tehpillowstar]

I'm gonna say the words of a famous author once said:

"Everybody is equal, but some people are more equal than others."

'Nuff said.

[nafaidni]

@hayden50

Indeed, because adolescents all have the conception that every human is their born equal and that those who work hard deserve the same wages as those who order people to work. Adolescents recognise that we'd be nowhere if not for our ability to see ourselves as a common society that benefits all from its own improvement.

They also realise that the mass inequality of wealth only encourages recklessness, as every time wealth inequality peaks, a great recession follows.

[refusetoassimilate]

That graph @0.10 says it all! [They] give us just enough to keep the lights on and eat while paying the taxes [they] don't want to! Meanwhile we argue over which president is/was better. IDIOTS!! Pure and simple!!!!

[1polymath]

@OffTheGlass87 Bush was a Nazi Fascist Republicans Conservative. And that tax cuts for the wealthy and military expansion says it all.

[OffTheGlass87]

And BTW, George W Bush was not a conservative, libertarian, or anything on the right. He expanded government big time! He expanded medicare and medicaid. This guy was a liberal in a conservative suit.

REMEMBER, just because someone claims to be a conservative or a liberal, it doesn't make him one. Judge by actions, and you will always be right. His actions are of a social democrat when it comes to spending and expansion of government. Bailing out banks is not an idea of the right.

[OffTheGlass87]

The top 20% is not rich. THis guy is not too bright.

Let me ask you, if somebody partys 24/7 and doesnt study and earns an F on a report card, is it his fault? If somebody busts there butt and studys all the time, sacrifices social time and partys for studying, and putting in work, does that person deserve the A? ** Communist says No,- Capitalist says Yes. -

****The top payed 20% of the income tax in 1980, in 2010 the top 1% payed 38% of the income taxes collected by the IRS. ***

[dalecampbl8]

GWBush was a great salesmen of garbage. "You'll all have homes" "You'll all have health care" "You'll all have affordable health care" "You'll all get to see Bin Laden killed" ... in the end. he didn't achieve anything and reversed many things. Lost 20 years thanks to Bush. OBAMA cannot turn things around with a GOP dominated CONGRESS.

[thesparitan]

@Ralphdraw3 I thought so, it was a good choice for this video.

[Ralphdraw3]

@thesparitan It's George Gershwin - I am sure. But I can't remember if it is from Porgy and Bess or if it is one of the piano Preludes.

[thesparitan]

@Ralphdraw3 Great video but what is the name of the song?

[nafaidni]

@hayden50

Nise spealing ov "disease".

Yes, it's a terrible disease. It has turned us from cavemen living solitary lives of 20 years into civilised, social, utilitarian, and caring creatures that don't simply say "Who cares if the guy next to me gets eaten by a tiger? He stole my hunting ground anyway.".

Conservatism is a vastly superior disease. It believes that GOVERNMENT money belongs to those who can cheat it out of others the best. After all, nature's will is that the smartest survive!