NYTIMES:
In its report, the budget office found that from 1979 to 2007, average inflation-adjusted after-tax income grew by 275 percent for the 1 percent of the population with the highest income. For others in the top 20 percent of the population, average real after-tax household income grew by 65 percent.IMPLICIT IN THIS WHOLE "THE RICH GOT RICHER" CLASS WARFARE PROPAGANDA ARE A FEW SLY DISTORTIONS; HERE ARE THE CORRECTIONS:
By contrast, the budget office said, for the poorest fifth of the population, average real after-tax household income rose 18 percent.
1 - THE TOP FOLKS EARNED WHAT THEY MADE.
OPERATIVE WORD: EARNED. IT WAS NOT TAKEN OR STOLEN. IT DID NOT BELONG TO POORER FOLKS OR THE GOVERNMENT. THEY GOT IT FAIR AND SQUARE. IF THEY GOT MORE IT WAS BECAUSE THEY EARNED IT.
2 - THE SIZE OF PIE IS NOT STATIC; THE PIE GREW.
2 - THE SIZE OF PIE IS NOT STATIC; THE PIE GREW.
EVERYONE'S LOT IMPROVED. AND NOT JUST THEIR INCOME, BUT ALSO IN MATERIAL WAYS: ALL CONSUMABLES IMPROVED IN QUALITY AND BECAME MORE WIDESPREAD IN THEIR USE.
3 - THE RICH GETTING RICHER DOESN'T MAKE THE POOR POORER.
3 - THE RICH GETTING RICHER DOESN'T MAKE THE POOR POORER.
THE FACT THAT STEVE JOBS GOT RICH DIDN'T MAKE ME POORER OR LESS RICH THAN I MIGHT HAVE BEEN; IT MADE ME RICHER - AND IF NOT BECAUSE I OWNED APPLE STOCK, THEN BECAUSE OF APPLE PRODUCTS. EVEN IF I DIDN'T OWN AN APPLE; APPLE PRODUCTS INDUCED ALL OF APPLE'S COMPETITORS TO IMPROVE.
REPEAT: NO ONE GOT POORER BECAUSE JOBS AND PEOPLE LIKE HIM GOT RICHER.
4 - THE RICH DON'T GET RICH BY TAKING MONEY AWAY FROM THE POOR.
THEY GET RICH BY SUCCESSFULLY OFFERING WHAT PEOPLE WANT TO BUY AND WHAT THEY CHOOSE TO BUY AT AN AGREED TO PRICE.
4 - THE RICH DON'T GET RICH BY TAKING MONEY AWAY FROM THE POOR.
THEY GET RICH BY SUCCESSFULLY OFFERING WHAT PEOPLE WANT TO BUY AND WHAT THEY CHOOSE TO BUY AT AN AGREED TO PRICE.
ATTACKING THE RICH FOR BEING GOOD AT THEIR JOBS IS ANTI-AMERICAN.
FACT: IF YOU INCLUDE ASIA, THEN MORE PEOPLE BECAME WELL OFF FROM 1979 TO 2007 THAN AT ANYTIME IN HUMAN HISTORY.
AND IT WAS PROBABLY THE SECOND GREATEST ERA FOR ECONOMIC GROWTH IN THE USA, SECOND ONLY TO CAL COOLIDGE'S TERM - WHICH WAS A LOW TAX ERA..
THE DIRE ECONOMIC SITUATION ALL OVER THE WORLD WAS NOT CAUSED BY GREED OR THE RICH.
IT WAS CAUSED BY SOCIALISTS AND SOCIALIST POLICIES:
GREECE AND ITALY AND SPAIN AND IRELAND AND RHODE ISLAND AND CALIFORNIA AND ILLINOIS ARE NOT ALL GOING BUST BECAUSE THE RICH GOT RICHER, OR BECAUSE OF TAX BREAKS FOR THE RICH - OR BECAUSE OF UNFUNDED WARS AND RUNAWAY DEFENSE SPENDING.
THEY ARE ALL GOING BUST BECAUSE OF SOCIALIST POLICIES.
THE FINANCIAL CRISIS IN THE USA WAS CAUSED BY THE HOUSING BUBBLE AND THE HOUSING BUBBLE IN THE USA WAS CAUSED BY SOCIALIST POLICIES OF THE FEDERAL GOVERNMENT AND FANNIE MAE AND FREDDIE MAC AND THEIR CAREER POLITICIAN PALS IN CONGRESS.
THE SOLUTION ALL OVER THE WORLD AND IN THE USA IS LESS SOCIALISM.
THAT WILL LEAD TO MORE GROWTH - AND EVERYONE BENEFITS FROM MORE GROWTH.
EVERYONE.
FACT: IF YOU INCLUDE ASIA, THEN MORE PEOPLE BECAME WELL OFF FROM 1979 TO 2007 THAN AT ANYTIME IN HUMAN HISTORY.
AND IT WAS PROBABLY THE SECOND GREATEST ERA FOR ECONOMIC GROWTH IN THE USA, SECOND ONLY TO CAL COOLIDGE'S TERM - WHICH WAS A LOW TAX ERA..
THE DIRE ECONOMIC SITUATION ALL OVER THE WORLD WAS NOT CAUSED BY GREED OR THE RICH.
IT WAS CAUSED BY SOCIALISTS AND SOCIALIST POLICIES:
GREECE AND ITALY AND SPAIN AND IRELAND AND RHODE ISLAND AND CALIFORNIA AND ILLINOIS ARE NOT ALL GOING BUST BECAUSE THE RICH GOT RICHER, OR BECAUSE OF TAX BREAKS FOR THE RICH - OR BECAUSE OF UNFUNDED WARS AND RUNAWAY DEFENSE SPENDING.
THEY ARE ALL GOING BUST BECAUSE OF SOCIALIST POLICIES.
THE FINANCIAL CRISIS IN THE USA WAS CAUSED BY THE HOUSING BUBBLE AND THE HOUSING BUBBLE IN THE USA WAS CAUSED BY SOCIALIST POLICIES OF THE FEDERAL GOVERNMENT AND FANNIE MAE AND FREDDIE MAC AND THEIR CAREER POLITICIAN PALS IN CONGRESS.
THE SOLUTION ALL OVER THE WORLD AND IN THE USA IS LESS SOCIALISM.
THAT WILL LEAD TO MORE GROWTH - AND EVERYONE BENEFITS FROM MORE GROWTH.
EVERYONE.
NOT EVERYONE IN EXACTLY THE SAME PERCENTAGE, BUT EVERYONE ACCORDING TO HOW WELL AND HOW MUCH THEY POSITION THEMSELVES TO PARTICIPATE ION WHAT DRIVES THE GROWTH.
THE LEFT CLEVERLY OR UNCONSCIOUSLY USES PASSIVE TERMS TO DESCRIBE THE FACT THAT "THE RICH GOT RICHER."
THEY SAY THINGS LIKE: "MORE MONEY WENT TO THE TOP" AS IF THOSE WHO EARNED IT DIDN'T ER... UM... EARN IT.
AS IF THE GOVERNMENT WAS RUN BY EVIL CONSERVATIVES WHO GAVE IT TO THEM.
THIS IS CLASS WARFARE AND IT IS EVIL AND MENDACIOUS.
REDISTRIBUTING "THE WEALTH" IS NOTHING MORE THAN TAKING PRIVATE PROPERTY AWAY FROM THOSE WHO EARNED IT AND THAT IS THEFT...
THAT IS TYRANNY.
THE LEFT CLEVERLY OR UNCONSCIOUSLY USES PASSIVE TERMS TO DESCRIBE THE FACT THAT "THE RICH GOT RICHER."
THEY SAY THINGS LIKE: "MORE MONEY WENT TO THE TOP" AS IF THOSE WHO EARNED IT DIDN'T ER... UM... EARN IT.
AS IF THE GOVERNMENT WAS RUN BY EVIL CONSERVATIVES WHO GAVE IT TO THEM.
THIS IS CLASS WARFARE AND IT IS EVIL AND MENDACIOUS.
REDISTRIBUTING "THE WEALTH" IS NOTHING MORE THAN TAKING PRIVATE PROPERTY AWAY FROM THOSE WHO EARNED IT AND THAT IS THEFT...
THAT IS TYRANNY.
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