| Subject: | Squeezing the Middle Class: A Picture Worth a Thousand Words |
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| Date: | Wed, 14 Apr 2010 10:39:05 -0700 |
| From: | Jas Jain |
What really matters is that how much income you get to keep after taxes. In relative terms, since 1950s (this graph only goes back to 1960), the wealthiest are taking home more than ever before, the middle-class, 50-80 percentile, are taking home less than ever before. During the period when the real take home income of the 50 percentile has gone up 20% the take home income of the top .1% has gone up more than 200%! Republicans keep shouting that the rich pay more in taxes but what they never point out is that this is because their income has grown far more than any other class and they never say that rich are taking home, which is what really counts, far more. The progressive taxation was instituted for a reason—to keep the Crooks in check. Reagan Revolution and the Reagan-Greenspan Era would prove to be disastrous, long-term, for America. They created the Gangistan. Those Republicans living in the Dopeland are clueless or they don't want to admit that they have been doped all these years. The propaganda machine in America is extremely effective. Rush Limbaugh makes a good living singing the praises of Reagan-Greenspan Era.
Jas
Since 12/31/98 "Kirk's Newsletter Explore Portfolio" is UP 159% (a double plus another 59%!!) vs. the S&P500 UP a tiny 8.6% vs. NASDAQ UP a tiny 3.5% (All through
As of 4/14/10, the explore portfolio is up 10% YTD
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