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  1. #1
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    400 super rich Americans control more wealth than 150 million other Americans

    Even though a government shutdown was averted – working class people will still be screwed over in America. A new report by Wealth for the Common Good shows that the 400 richest people in America – our nation’s oligarchs – have never had it so good and are paying the lowest taxes ever in their lifetimes.

    Those 400 super rich Americans control more wealth in the country than 150 million other Americans, and yet are effectively taxed at a rate of just over 16% while the rest of spay up to 35% plus higher levels of sales, property, and other taxes. To put that in perspective These 400 rich oligarchs effective tax rate has dropped by more than 2/3 since Dwight Eisenhower's administration – while the rate for working people has nearly doubled. Rich people get a 2/3 tax cut over the last 50 years – working people get screwed with a 100% tax hike.

    To make matters worse – average CEO pay increased dramatically last year – despite an 20% real under- and un-employment rate plaguing the rest of us. And yet – now Congress says they're gonna pass a budget that cuts federal education, health care, and energy assistance programs for working class Americans while doing nothing to make America’s oligarchs pay their fair share or sacrifice even one damn thing.

    400 super rich Americans control more wealth in the country than 150 million other Americans | Thom Hartmann - News & info from the #1 progressive radio show

  2. #2
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    It seems that my Countrymen are more worried about "Terrorists" than the real threats. Oh well I ain't gonna change it best you can hope for is to realize it and try to avoid it as best you can.

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    Difficult to sympathize much. They didn't get it by burgling your house at night. They got it coz you were stupid and gullible and happily gave it to them chasing the latest useless shit like good brainwashed zombies, err, consumers.

    Btw. When's the next big iPhone launch?

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    Thailand Expat Pragmatic's Avatar
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    All Americans need to watch this movie. http://extratorrent.com/torrent/3050...entary%29.html

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    Quote Originally Posted by bsnub
    400 super rich Americans control more wealth than 150 million other Americans
    As the man said
    v

    Quote Originally Posted by FlyFree
    They didn't get it by burgling your house at night
    No point in revolting - Septics are all revolting anyway.

    BTW Pseud - Not Tom Petty - Try Thunderclap Newman

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    Why take your country back when you've got Fox, soap operas, and 24 hour TV shopping and gospel. Thus far, the elites reliance on the apathy, indifference and pliability of the US masses has proved correct. They should ( and probably do) pat themselves on the back- they've done a good sales job. Must be your manifest destiny.
    probes Aliens

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    Still sounds like the same mindset. There's no ' OK. I've been stupid. From now on I will do things differently' . It's just 'I been robbed! Gimme some!"

    How that will change things for the better fucks knows. Redistribution to the entitled is a short dead-end. (This from someone who is currently broke).


    It's become too PC to call the have-nots or have-littles exploited. Doesn't help them. Ensures they stay where they are, or worse.

    Too much sympathy is a really bad thing.

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    Quote Originally Posted by beazalbob69 View Post
    It seems that my Countrymen are more worried about "Terrorists" than the real threats. Oh well I ain't gonna change it best you can hope for is to realize it and try to avoid it as best you can.
    Existing in an illusional vacuum doesn't help the cause.

  9. #9
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    Quote Originally Posted by FlyFree
    Redistribution to the entitled
    But that is exactly what has happened in the US, blatantly so. Just look at the wealth and income distribution stats and trends, and who the bailout moneys went to help- as well as who paid for them. Look at who has got richer since the GFC, and who has got poorer. Look at the trends in who pays what share of the tax burden. The entitled, in the USA, are the rich- there is no denying it.

  10. #10
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    Quote Originally Posted by sabang View Post
    Quote Originally Posted by FlyFree
    Redistribution to the entitled
    But that is exactly what has happened in the US, blatantly so. Just look at the wealth and income distribution stats and trends, and who the bailout moneys went to help- as well as who paid for them. Look at who has got richer since the GFC, and who has got poorer. Look at the trends in who pays what share of the tax burden. The entitled, in the USA, are the rich- there is no denying it.
    And they're only going to get richer because they basically own the government now.

  11. #11
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    Quote Originally Posted by harrybarracuda View Post
    Quote Originally Posted by sabang View Post
    Quote Originally Posted by FlyFree
    Redistribution to the entitled
    But that is exactly what has happened in the US, blatantly so. Just look at the wealth and income distribution stats and trends, and who the bailout moneys went to help- as well as who paid for them. Look at who has got richer since the GFC, and who has got poorer. Look at the trends in who pays what share of the tax burden. The entitled, in the USA, are the rich- there is no denying it.
    And they're only going to get richer because they basically own the government now.
    Conveniently understood as Corporatism [also define as Fascism].

    Practiced the world over in reality....usually under the cover of established and accepted political/economic terminology.

  12. #12
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    Wealth concentration is the inevitable outcome of capitalism. Yes, and the idea of owning private property has been hijacked by those who were born with lots of properties without any achievements of their own at this point, and in most cases for all their lives.

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    And next election they will argue like hell about the two parties, again, then trundle off to vote, again, for their candidate - that they know has been bought by the rich.

    Then they'll moan and groan, again, and go buy a pair of the latest and greatest sneakers, a Big Mac and an iPhone. Again.

    Soon after moaning in this thread about the concentration in wealth some poster will start a thread about the latest not-so-different toy.

    Politicians get bought. They don't go into politics to serve your insignificant ass. That you have to look after yourself. Show me ANY government that is not run by big money. What's new?

    What's new is leftist bullshit about 'we'll look after you'. How? Who pays? That mantra is only for getting votes to get at the trough. They'll throw ya a coupla peanuts, that's it.

    If you can't look after yourself you're fucked in the long run. Bought into the socialist crap? It can only get worse.

    Do 'the people' deserve better if they can't get anything into their thick skulls and get off their fat butts? Of course they do. After all, they have human rights. Like rights to, well, just about everything. Who'll pay for those goodies? Must be the rich, who else? The 400's wealth, as big as it is, will pay for how many for how long?

    Yea, capitalism's inevitable outcome is concentration of wealth. How concentrated it becomes depends on how dumb the population is.


    It's a cluster-fuck. Capitalism sucks big time. Socialism and communism even worse. Go find a new system, or just look after yourself.

    There is only one human right. Free speech. And the right to die.

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    The U.K has become just as bad,our super rich are Russian oligarchs.The banks control the politicians,and their policies,and the wealth of the worlds super rich.

  15. #15
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    Nub Stop Posting Economic Dribble

    You Are A Useless Dope

  16. #16
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    Quote Originally Posted by FlyFree
    There is only one human right. Free speech. And the right to die.
    Leaving aside the mathematical anomaly:

    1. Not for long.

    2. Not when you choose.

  17. #17
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    It all comes down to greed the world over. Capitalism is just economic greed. Consumerism is individual greed. Greed, greed, and more greed. When the human race can move beyond thinking that you need more than the next person then we will see profound change. Until then it will be the same shit sold in different wrappers over and over again just like it has been since the beginning of the human species.

    I cant really blame the top 400 for doing what we are all taught to do better than everyone else. If you are going to be stuck in a system that cannot be changed you might as well take advantage of that system. Why not?

    Nothing will change until these people who have all the wealth realize that they don't need it because collecting wealth and power is not the point really. I don't see that happening any time soon though.
    I'm not saying it was Aliens, but it was Aliens!

  18. #18
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    so now it's a crime to be rich? come on, give me a break.

    what's a crime is reading the 19 yr old self admitted Boston bomber his "Meranda" rights, the creating of tax shelters that allow for the tax loopholes to be taken advantage of, the granting of welfare payments to illegal aliens, and other similar actions...

    the US govt needs to encourage entrepreneurship and the generations of jobs. continued failure to do so is the crime.
    "Don't Sweat the Small Stuff....and it is all small stuff"

  19. #19
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    Quote Originally Posted by SEA Traveler
    so now it's a crime to be rich?
    Not at all- it's good to be rich. The more the merrier. It's a crime to pay less tax though, as a rich person, than your secretary or driver. What is particularly good is social mobility-ie 'emerging wealth', as opposed to multi generational wealth, aka trust fund babies. Wealth creation and social mobility are what we want to see in a healthy economy, and functional social system. The USA used to be the beacon on the hill in this regard, and widely admired for it. Truly the land of opportunity, where your success was in your own hands.

    But now, US wealth inequality is at all time highs, and social mobility has dropped below that of olde Europe in the USA. It's not just because the rich have kept getting richer, but also because the middle classes have become poorer and less well paid. The US government is serially underfunded and in deep debt, which just keeps increasing- because it is serially underfunded. The rich and corporations pay less tax, way less tax, than has ever been the case during my lifetime. They pay less tax than the middle class, the backbone of society. It isn't hard to connect the dots- the rich and corporations need to pay a bit more tax, so government can sustain itself and the essential services it provides. And invest in the future- one key investment being education. And the US needs to stop slashing the wages and conditions of the middle class- or there will be little middle class left. Hey rich fella- that middle class is your market, and they are collectively suffering while you are rolling in shit- more shit than you ever rolled in before.

    It is the already rich and corporate sectors that benefited from the Bush tax cuts, inheritance tax cuts, corporate tax cuts & loopholes etc. No 'trickle down effect' materialised, in fact the avalanche of cash to people that already had more than they could spend fuelled a speculative frenzy- and we all know the tragic outcome of that. The same people who talked us into this situation now stubbornly resist fixing it, or even addressing it. Sheer, short sighted greed- which threatens to destroy the very market that made most of the 'rich' rich in the first place. Prominently wearing USA lapel badges does not make you a patriot- and their patriotism is a sham, a scam, and in my opinion a disgrace. This is not the republican party I supported most of my adult life.
    Last edited by sabang; 27-04-2013 at 09:24 AM.

  20. #20
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    These things seem to be getting bigger and bigger each year.

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    ^^Sadly, there are many people who still do not accept this new reality. Their brain stopped processing any new information around 1985.

  22. #22
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    Quote Originally Posted by sabang View Post
    Quote Originally Posted by SEA Traveler
    so now it's a crime to be rich?
    Not at all- it's good to be rich. The more the merrier. It's a crime to pay less tax though, as a rich person, than your secretary or driver. What is particularly good is social mobility-ie 'emerging wealth', as opposed to multi generational wealth, aka trust fund babies. Wealth creation and social mobility are what we want to see in a healthy economy, and functional social system. The USA used to be the beacon on the hill in this regard, and widely admired for it. Truly the land of opportunity, where your success was in your own hands.

    But now, US wealth inequality is at all time highs, and social mobility has dropped below that of olde Europe in the USA. It's not just because the rich have kept getting richer, but also because the middle classes have become poorer and less well paid. The US government is serially underfunded and in deep debt, which just keeps increasing- because it is serially underfunded. The rich and corporations pay less tax, way less tax, than has ever been the case during my lifetime. They pay less tax than the middle class, the backbone of society. It isn't hard to connect the dots- the rich and corporations need to pay a bit more tax, so government can sustain itself and the essential services it provides. And invest in the future- one key investment being education. And the US needs to stop slashing the wages and conditions of the middle class- or there will be little middle class left. Hey rich fella- that middle class is your market, and they are collectively suffering while you are rolling in shit- more shit than you ever rolled in before.

    It is the already rich and corporate sectors that benefited from the Bush tax cuts, inheritance tax cuts, corporate tax cuts & loopholes etc. No 'trickle down effect' materialised, in fact the avalanche of cash to people that already had more than they could spend fuelled a speculative frenzy- and we all know the tragic outcome of that. The same people who talked us into this situation now stubbornly resist fixing it, or even addressing it. Sheer, short sighted greed- which threatens to destroy the very market that made most of the 'rich' rich in the first place. Prominently wearing USA lapel badges does not make you a patriot- and their patriotism is a sham, a scam, and in my opinion a disgrace. This is not the republican party I supported most of my adult life.
    Excellent post Sabang. This is the reality that Fox news and the Koch brothers are trying to keep Americans from concluding via misinformation and propaganda. Its sad that the sheeple continue to come to their trough and drink their koolaid.

  23. #23
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    Quote Originally Posted by FlyFree View Post
    It's a cluster-fuck. Capitalism sucks big time. Socialism and communism even worse. Go find a new system, or just look after yourself.
    Don't put Socialism alongside Communism opposite capitalism. It's very different. A variety of capitalism, but income-driven, with progressive taxes, and comprehensive welfare. The Scandinavian countries have been doing this for decades, and they are so much wealthier per capita than Americans, it's almost grotesque. Here's an example how things are done there.

    The Government Pension Fund of Norway - Wikipedia, the free encyclopedia

  24. #24
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    We can only blame ourselves for voting the lackey politicians in.

    Rainfall i see the scanda countries doing very well, though there population are no where near other countries and there wealth comes from oil shipping etc, so not think we can compare.
    Last edited by Yasojack; 27-04-2013 at 08:25 PM.

  25. #25
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    Quote Originally Posted by sabang View Post
    Quote Originally Posted by SEA Traveler
    so now it's a crime to be rich?
    Not at all- it's good to be rich. The more the merrier. It's a crime to pay less tax though, as a rich person, than your secretary or driver. What is particularly good is social mobility-ie 'emerging wealth', as opposed to multi generational wealth, aka trust fund babies. Wealth creation and social mobility are what we want to see in a healthy economy, and functional social system. The USA used to be the beacon on the hill in this regard, and widely admired for it. Truly the land of opportunity, where your success was in your own hands.

    But now, US wealth inequality is at all time highs, and social mobility has dropped below that of olde Europe in the USA. It's not just because the rich have kept getting richer, but also because the middle classes have become poorer and less well paid. The US government is serially underfunded and in deep debt, which just keeps increasing- because it is serially underfunded. The rich and corporations pay less tax, way less tax, than has ever been the case during my lifetime. They pay less tax than the middle class, the backbone of society. It isn't hard to connect the dots- the rich and corporations need to pay a bit more tax, so government can sustain itself and the essential services it provides. And invest in the future- one key investment being education. And the US needs to stop slashing the wages and conditions of the middle class- or there will be little middle class left. Hey rich fella- that middle class is your market, and they are collectively suffering while you are rolling in shit- more shit than you ever rolled in before.

    It is the already rich and corporate sectors that benefited from the Bush tax cuts, inheritance tax cuts, corporate tax cuts & loopholes etc. No 'trickle down effect' materialised, in fact the avalanche of cash to people that already had more than they could spend fuelled a speculative frenzy- and we all know the tragic outcome of that. The same people who talked us into this situation now stubbornly resist fixing it, or even addressing it. Sheer, short sighted greed- which threatens to destroy the very market that made most of the 'rich' rich in the first place. Prominently wearing USA lapel badges does not make you a patriot- and their patriotism is a sham, a scam, and in my opinion a disgrace. This is not the republican party I supported most of my adult life.
    Greed is good! Necessary for capitalism to function.

    Taxing people more so the govt. can waste more does not have my support. Some way to make the politicians spend less is a must. Here are a few ideas:

    1. Target govt. waste especially pay and pensions. We know govt. workers are sods, lets pay them like the sods they are. Eliminate pensions and union scum. Put them on the social security system like everyone else. Lean and mean.

    2. Cap property tax at 1% nationwide. Give the family man a chance.

    3. Buffet tax #1 - Annual asset tax: 2% tax on assets over 10 million, 5% on assets over 100 million every year, use it or loose it, lets get trickling down

    4. Buffet tax #2 - additional 10 % tax surcharge on income over 1 million

    5. Buffet tax #3 - additional 20% tax surcharge on income over 5 million

    6. Corruption tax paid on gross income by all "organized" or "licensed" workers. This targets union scum and doctor scum


    Buffet should put up or shut up

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