Thursday, March 29, 2007

1 to 500 ratio.....

As this article explains, the wealthiest 300,000 Americans earned as much as the bottom 150,000,000 Americans. That means for that one of the richest earns as much as 500 of the poorest. In one calendar year. Does this seem off to anyone else? If you make it to the end of the article, check out this statement:
"The top 1 percent received 21.8 percent of all reported income in 2005, up significantly from 19.8 percent the year before and more than double their share of income in 1980. The peak was in 1928, when the top 1 percent reported 23.9 percent of all income."
That 1%, of which The Bush and Kerry family are both members, is the group that cries when their taxes go up, as they did during the Clinton surplus. Their whining and manipulation of politicians is the reason Social Security will soon be bankrupt and our kids will have to find a way to pay off China...

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