Failed Trader (how apropos): Please produce something in terms of evidence. Maybe a shocking example that can be published in the NYT and "Nation". A Pulitzer for you, perhaps. I mean, your graph is just shit. Nail something down and produce it for us to gaze at and kneel down in reverence. Otherwise, you are just whining once again. You sound kinda bitchy. Again.
When the rich and the supporters of the rich, aka republicans, are able to to doublespeak people like bone, no change will happen. Look how they ignore Ron Paul. Doublespeak: -being pro small government and anti spending and anti medicare - spend 75% of US debt, 3 times more than democrats spending on wars, start a free medicare program for seniors, enlarge government.
The problem is what you find shocking. It seems everything that counters your ideology is not found shocking, as you simply ignore it. However if one of your arguments does not suffice, I will point it out. it is amazing however, what you find not to be shocking.
failed trader: You never played contact sports with the other boys, and you really want to wear a skirt and boss those boys around, right ?
i agree, the republicans whom I have voted for over 3 decades are socialist. They say they believe in free markets and less govt regulations and such, yet they outlawed internet gambling, which the WTO said was illegal, then they said we will build for europe a defense shield,,cant we try a little capitalism and sell to them or rent them the equipment?
Well reading the first and last page only, the chart isn't telling the story that the rich are waging class warfare on the poor. If you look up the example I had in college against the rich get richer poor get poorer adage is simply not true. Everyone gets richer. To prove this, you can examine the percentage of people making more than $70,000 per year from the bls and see that it has risen drammatically. The argument always ignores the obvious fact that people's standard of living is substantially better than 30 years ago by any measure. If you want to argue about class warfare I think we have a much better distribution of wealth now than ever before. China's gaining a middle class that can trade goods for money with us and not just pittance sweat shop labor. No. The argument isn't even remotely close to reality. No one gets poorer, we all get richer.
You have cause and effect backwards - gov'ts get bigger as the people get richer. Regardless, the middle class is an artifact of cheap energy. It is an historically unnatural way to distribute wealth, and will, most likely, soon find its way to history's trashcan unless we quickly find something to replace the cheap oil we've lost. Welcome back, Mr. Pareto.
No it is not. Do what I said: look up the percentage of people earning more than $70,000. It is all supported by BLS data, and I seem to remember a stupid thread on a similar subject in which they claimed wages were declining when there wasn't a single quarterly period with declining overall compensation. I guarantee that statistic is still true and hasn't ever declined.
"50 years ago nobody had refrigerators. Now everybody has one. So now, there are no more poor people."