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A fact about incomes in America you may not believe

 
waht
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User ID: 24118278
United States
03/27/2013 09:16 PM
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A fact about incomes in America you may not believe
Income growth for the bottom 90% in America since 1966 is... $59

We've all seen these statistics before in one form or another, but David Cay Johnston does an excellent job going into more detail...

As he correctly notes, when things get extreme like this, you end up with serious social unrest...

However, I would take exception to Mr. Johnston's conclusion that the root problem is the tax system.

While I do not for one moment deny that the oligarchs game the tax system to provide loopholes for themselves, this is not why the 1% of 1% has taken all the wealth of the nation.

This is much more related to the Federal Reserve and its policies of printing trillions of money out of thin air and distributing it to the oligarchs, either directly or through low interest loans... The Federal Reserve is the core cancer of the entire thing and they must be stopped.

Some excerpts below:

The average increase in real income reported by the bottom 90 percent of earners in 2011, compared with 1966, if measured at one inch, would extend almost five miles for the top 1 percent of the top 1 percent.
Remember, we got off the gold standard in 1971, after which the Federal Reserve could print as much as they wanted and distribute it wherever they wanted… and they have...

[link to libertyblitzkrieg.com]
Anonymous Coward
User ID: 18215926
Australia
03/27/2013 10:00 PM
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Re: A fact about incomes in America you may not believe
so the question is

why do people do nothing about it

are they that stupid, brainwashed and retarded

are they such yellow gutted cowards

are they simply helpless paralyzed maggots


this fake system of economics and corrupt blood sucking stock markets are designed to exploit the majority

people should act in advance but they don't

worse even is greece and now cyprus

after having been raped and pillaged completely by this evil system, after having handed over the last remnants of sovereignty to a foreign power (ecb) who fully control capital flows and funding availability they still stay in it!!!

why momma?

anyone believe people should/will save themselves?

please hold your breath til there's none left

thanks in advance

agent
Anonymous Coward
User ID: 36760016
United States
03/27/2013 10:42 PM
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Re: A fact about incomes in America you may not believe


The United States is a corporation, they have many revenue streams. Income tax is one but do really know how much your local, state, and federal governments make with their investments? The amounts would blow your mind but you can find out by investigating the comprehensive annual financial reports which are superior to the claimed budgets.

Source: [link to cafr1.com]
Anonymous Coward
User ID: 23657849
United States
03/27/2013 11:01 PM
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Re: A fact about incomes in America you may not believe
The tax system is a big part of it, but not all of it.

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