@Blickers,
Quote:Hillary did not represent the 1%, though they found her husband so competent in running the economy that they can live with her.
Who are you trying to fool? Hillary was 100% supported by the 1% as well as the "evil" corps who you seem to hate so much.
Goldman Sachs Political Contributions 2016:
https://www.opensecrets.org/orgs/summary.php?id=d000000085
Not to mention the the majority of the top wealthiest people in the world live in the US, they are all left leaning. How about those Hollywood stars? Who do you think they were giving money to, it sure as hell hasn't been anyone from the GOP.
Quote:Trump was more of a maverick than many conservatives like, but take a look at what he's done-go after Obamacare, put forward a tax bill which immensely favors the wealthy. And the white nationalist, anti-minority themes that Trump rode to victory on were stoked by the mainstream conservatives in previous years as well. Trump just took them to a higher level than they wanted.
The rest of this comment is just pure leftist claptrap.
Quote:??? The 1% isn't a tax bracket, it's the 1% of households with the most wealth, as defined by Zucman.
Fair enough. They still do not make up 1% of the population or even 1% of the taxpayer rolls.
Quote:And while we are at it, it does not matter how many individual people were in the top 1% in 1980 versus 2012, the important thing is that the wealthiest 1% of the households in 2012 had a much larger share of the wealth in 2012 than the top 1% of the households had in 1980.
Sure it matters. If there were only 100,000 people in this group in 1980 and now there are almost 900,000, that means there is indeed upward mobility to this level of wealth, and it would make sense if the population of the 1% increased that there would be more of the total wealth in that group. Using your terminology, their "share" would have grown as more people entered this area of wealth, which also goes with the fact that our economy has also grown mostly thanks to the innovation known as the internet. The numbers of people it made wealthy who took advantage of it, would be the ones responsible for the growth in our economy. Internet jobs and tech jobs alone have created a whole group of people, myself included, who would have had different lives. I was a carpenter in the late 90's before going to a "for profit college" to learn about computers. My income now is double what it would have been if I would have stayed slinging nails.
Quote:It doesn't matter how the population "feels" about it, the chart merely mentions what percentage of the total wealth of the country goes to the wealthiest 1%. That share is increasing.
Why?
Quote:You have tried every conceivable method of changing the subject to some irrelevancy, from what a tax bracket is to how the population emotionally feels about something, because you are desperate to avoid the simple truth the chart shows:
I haven't tried to change the subject, I've tried to explain to you the why's it has happened. You've only hinted that it was through unethical means. I accept the chart and it doesn't bother me the way it bothers you. I understand how commerce works, do you?
Quote:The wealthiest 1% of the households have gone from owning less than a quarter of the country's total wealth in 1980 to owning nearly half of the country's total wealth in 2012.
How did it happen? Answer this if you can.
Quote: And you'll be posting so what, the 1% work hard for their wealth, they deserve to own 99% of everything, and everybody who disagrees with you is a Marxist.
You haven't proven that they don't work for their wealth. How did they get it?
Not everyone who disagree's with me, just those like yourself. Depending on how you want to fix the issue shows if you are a Marxist or not. So far you haven't even answered that question.
Quote:How the wealthiest 1% came into their wealth is irrelevant,
It's not irrelevant, it is perfectly relevant. If they earned that money honestly then how do you propose to take it from them? They aren't like drug dealers or mafia leaders who fall under RICO statutes. If they earned that money, what right do you have to take larger and larger portions of it? At what percentage of the economy will you be satisfied with the 1% only having or earning "their fair share"?
Quote: the important thing is that they used to own less than a quarter of the wealth in 1980, they own nearly half now and in forty years they will own 99% of the wealth unless we DO something to prevent it happening.
What do you propose?
Quote:Which you and people like you will try to prevent happening, because your favorite radio show keeps telling you how intrinsically virtuous the 1% are and how much they are to be admired, and you believe it.
I don't admire the 1%, I admire people who have made something of themselves, it is one of the reasons I'm more interested in what people in other income brackets think about what is taking place and not people like you who want to limit the argument to the 1%. You on the other hand want everyone turned against this one group of people without regard for how they got there. You wonder why I point to Marx in relation to this topic?