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The American Plutocracy.. or how the Middle Class is no more

Discussion in 'Political Discussion' started by DarrylS, Mar 28, 2011.

  1. DarrylS

    DarrylS PatsFans.com Supporter PatsFans.com Supporter

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    Group of charts put out my Mother Jones, showing how the divide between the rich and poor continues to grow even during these times of "recession"..

    the average american has a 1 in 22 chance of being a millionaire, the average member of congress has a 1 in two member of being in congress.. the top ten richest members all voted to extend the Bush Tax Cuts.. folks like Issa, Kerry, Feinstein, Mark Warner and the rest of the fat cats should have recused themselves as it was an obvious conflict of interest.

    http://motherjones.com/politics/2011/02/income-inequality-in-america-chart-graph

    Wall Street Profits +720%
    Unemployment +104%
    Home Equity -35%

    It goes on and on, and the squeeze on the middle has never been more obvious.... and the divide between rich and poor has never been more apparent...
    Last edited: Mar 28, 2011
  2. reflexblue

    reflexblue PatsFans.com Supporter PatsFans.com Supporter

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    #91 Jersey

    If it keeps going like it has the USA will look like Mexico, a few rich people and the rest poor. And my grand kids will be trying to sneak across the boarder into Canada
    Last edited: Mar 28, 2011
  3. Harry Boy

    Harry Boy Look Up, It's Amazing PatsFans.com Supporter

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    Exactly, your exactly right, if I had said that I'd be called a "racist".


    :bricks:
  4. PatsFanInVa

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    Take a giant step back from the mechanics and look at outcomes:

    We transferred 35% of the home equity from millions of people, and transferred it to the much smaller and wealthier class that meaningfully participates in the profit increases of corporate fat cats.

    And no, that's not mainly your bit-players who have an e-trade account (although equities have been a predictably strong play since the deepest trough of the recession). Most in the middle class have much more invested in the home than in the market.

    The corporatos also benefit from high unemployment, which equals low labor costs.

    But what do we phrase as the "important" battle? That's right, America. Pitting union versus non-union, black versus white versus Hispanic, pitting immigrant against native-born.

    The general puppetry, by and large, refuses to understand where the wealth goes. By and large, it's to the wealthy.

    PFnV
  5. reflexblue

    reflexblue PatsFans.com Supporter PatsFans.com Supporter

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    #91 Jersey

    But you ARE a Racist, so what does it matter. Just be yourself, and don't worry about what others think.......:singing::bricks:
    Last edited: Mar 28, 2011
  6. The Brandon Five

    The Brandon Five Rookie

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    #75 Jersey

    But where does it come from?
  7. DarrylS

    DarrylS PatsFans.com Supporter PatsFans.com Supporter

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    Wealth begets wealth... and Government is complicit.
  8. Harry Boy

    Harry Boy Look Up, It's Amazing PatsFans.com Supporter

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    OK.......................


    :bricks:
  9. patsfan13

    patsfan13 Hall of Fame Poster PatsFans.com Supporter

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    So reduce the government spending which benefits the rich, Institute a flat tax so the politicians can't play favorites with tax breaks for the wealthy.
  10. Mrs.PatsFanInVa

    Mrs.PatsFanInVa PatsFans.com Supporter PatsFans.com Supporter

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    #11 Jersey

    Since when do you advocate cutting anything which benefits the rich?

    I mean, it's a nice surprise but it's, well, frankly, it's surprising.
  11. patsfan13

    patsfan13 Hall of Fame Poster PatsFans.com Supporter

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    I think we ALL are better off when there is less government. I don't base my beliefs on envy of others like so many on the left who love the class warfare meme.
  12. Mrs.PatsFanInVa

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    #11 Jersey

    So what government programs which benefit the rich in particular would you recommend cutting?
  13. PatriotsReign

    PatriotsReign Rookie

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    How about if we start with getting rid of the Federal Reserve?
  14. Mrs.PatsFanInVa

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    #11 Jersey

    Let the banks fall where they may?

    How does that benefit anyone, rich or poor alike?

    I'm pretty sure most of our parents and grandparents would be happy to point out to you how that affects people - mostly poor and middle class people.
  15. The Brandon Five

    The Brandon Five Rookie

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    #75 Jersey

    This:
    I am making the assumption that Darryl is referring to corporate welfare. Get rid of subsidies to oil companies, for ethanol, for sugar, etc.
  16. The Brandon Five

    The Brandon Five Rookie

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    #75 Jersey

    Hmm...so how does the GDP ever vary?
  17. DarrylS

    DarrylS PatsFans.com Supporter PatsFans.com Supporter

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    Referring to the reality is that 1/2 of all congressmen and women are millionaires, and the top ten richest, Issa, Kerry et al, all voted to extend the tax increase for the wealthy.. that sounds like a conflict of interest.

    Congress does not have our interests in mind, they are protecting their own millionaire boys and girls club..

    Read the other day that 3/4 of all corporations all dodge income taxes. Combine this with with the ability to hide income in offshore accounts and the ridiculous itemized exemption on Mortgage Interest and taxes on million dollar estates makes it even more ridiculous.

    One of the stats in this article speaks a 700% increase in stock value, and a -35% depreciation in home values.. guess who is taking it up the butt??? The middle class is loosing more and more ground daily. The top 20% of the people in this pyramid, control 80% of the wealth...
  18. DarrylS

    DarrylS PatsFans.com Supporter PatsFans.com Supporter

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    The best way to stop all the spending is to deal with the defense network that is rife with fraud, overcharges and waste... stop all these f..ing wars.

    But in reality no one will want to deal with the "big" issues, the choice will be to reduce entitlements, agenda driven issues and guess who that effects????
  19. patsfan13

    patsfan13 Hall of Fame Poster PatsFans.com Supporter

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    Federal Flood insurance used by the rich to insure their summer homes on the ocean, we shouldn't reward people and bail them out for building in flood/hurricane zones.

    End subsidies for corporations, and eliminate corp tax, tax the dividends for shareholders as ordinary income under a flat tax.


    Means test any and all retirement programs such as Social Security and medicare. The rich shouldn't be on welfare.
  20. DarrylS

    DarrylS PatsFans.com Supporter PatsFans.com Supporter

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    This will not end welfare for the rich.. end the farm subsidies, end the oil industry subsidies, penalize those companies who are outsourcing thier work force..

    The reality is, that Extreeeeeeemists in the Republican Party have hijacked the budgeting process in Congress and put forth proposals that are dangerous and irresponsible. House Republicans are trying to score cheap political points by attacking programs their base has long eyed with disdain. It has nothing to do with money, only to do with a social agenda..

    Stop the wars and save 2 Billion dollars a week.. bingo, we have bingo.

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