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To: tejek who wrote (264801)	7/28/2010 6:37:13 PM
From: Broken_Clock	Read Replies (1) \| Respond to of 306849

ted Compare Clinton vs. Bush. i see no difference and I'm sure the trend is still in place with Obama. ===================== rawstory.com Income of very richest shot up by 281% since 1979 By David Edwards and Muriel Kane Wednesday, July 28th, 2010 -- 11:43 am In the wake of BP's calamitous oil spill in the Gulf of Mexico, CEO Tony Hayward is stepping down, but he will be receiving a severance package amounting to an estimated $18 million. "That's what he gets for presiding over a record oil disaster and massive losses," commented Chris Hayes, Washington editor of The Nation, who was guest hosting MSNBC's The Rachel Maddow Show on Tuesday. Hayes went on to note, however, that "Tony Hayward's $18 million payoff is an absolute pittance compared to the kind of cash top CEO's are raking in." He cited a recent Wall Street Journal story which revealed that over the past decade, the two highest-paid CEOs at public companies each took in over a billion dollars in compensation, while others in the top 25 received compensation in the hundreds of millions. What makes these pay rates really "infuriating," says Hayes, is that "CEO pay is both a cause and partly a symptom of the staggering increase of inequality in this country. Hayes cited a study recently released by the non-partisan Center on Budget and Policy Priorities which shows that if you're in the bottom 20% of earners, "you're making only 16% more today than you would have in 1979." If you're in the middle fifth, you're making 25% more. "But the top fifth of earners in this country -- they're making 95% more." "And that's not the really shocking part of this graph!" Hayes exclaimed. "Check this out. This is how much better the top 1% of Americans are doing now. The income of the very richest among us has shot up by 281% since 1979." "There's a social pyramid in this country," Hayes commented, "and as you climb it, you encounter a smaller and smaller group of people doing better and better, while everyone at the bottom stays where they were. And it's precisely this kind of systematic inequality that incentivized the corporate fraud of the last decade." "A select group of people are able to completely immunize themselves from the fate of the rest of the society," Hayes concluded. "Our entire social and economic way of life in this country is broken and unfair and inequitable and we need to figure out a way to repair it." Noting that the George Bush tax cut for the wealthy is due to expire next January, Hayes suggested, "We could let it. What remains to be seen is whether the Democrats in Congress have the political will to take that step."

To: tejek who wrote (264801)	7/28/2010 7:07:26 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 306849

>>I've got news for you......we are under considerable societal stress already. Its really galling to the little man on the street that the rich and not so rich in this country have been living high on the hog while he struggles. And then to hear the wealthy complain about how extending unemployment benefits is nothing more than socialism, or how unfair it is to have their tax cuts rescinded while dishing that their grocery shopping car is almost as nice as their going out to dinner car and how St Barts is getting too crowded during the winter months.<< agreed. funny, the lowest tax bracket sees their taxes go up 50% under obama. why does obama support increasing the lowest tax bracket 50% to pay for the gambling losses of billionaires. >>The little man on the street doesn't give a squat about the rich man's deficit worries. He's trying to get enough food to feed his family. Besides, worrying about the deficit when the economy has not fully recovered is like worrying about the appearance of your fireplace even though you have no wood to burn in it.<< this is probably true, but it is also an uninformed view. that deficit represents the collapse of society - and i guarantee you the average person will lust after whatever problems they face today when deficit TSHTF. but you are right - that's how most people view it. the plutocracy counts on it. if it wasn't so, it would be a lot more difficult put that financial noose around society's neck. >>And truth be told, most of the people complaining about the deficit these days never said a word when Bush was running up the deficit thanks in no small part to the tax cuts. I wonder why.<< this is true also. i was complaining about the coming bust in the late 1990s... it has been a long time coming. not many people complained when bush did his little give away to big pharma, either. having said that, the deficit has more than doubled since then and we are adding more than 200 years of debt (2 world wars, national bail outs, etc) every 3 years now... so things have changed and this extreme will wake up some folks.

To: tejek who wrote (264801)	7/28/2010 7:51:54 PM
From: posthumousone	Read Replies (1) \| Respond to of 306849

<<And truth be told, most of the people complaining about the deficit these days never said a word when Bush was running up the deficit >> Link please stop making it political

To: tejek who wrote (264801)	7/28/2010 8:56:56 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 306849

>>The little man on the street doesn't give a squat about the rich man's deficit worries.<< will they begin to care when their social security is cut? bloomberg.com guess what? cutting social security doesn't fix the problems - not even close. medicare gone? will they care then? how about when a VAT tax hits? will they care then? how about when water is privatized and its cost goes up 5x or 10x? will they care then? it will be too d*mn late to care then. read "confessions of an economic hitman" to see how these bankster types control 3rd world governments and abuse 3rd world people and you'll see a striking resemblance to what is being done to america. you can also netflix "freely speaking, volume 1: john perkins" for an interview with the author.