Tuesday, December 11, 2012 9:53 AM
AMERICA SHAMEFUL RANKING IN OECD NATIONS
#1 Highest percent of workers in low pay jobs=44%
#2-Least tax on corporations as % of gdp
#3-Least tax (fed-state-local)on citizens as % of gdp=30%
#4 on Inequality from bottom 5 in 1980
What happened who is to blame?
David Jay Johnson reported on MSNBC that the average income of the bottom 90% has fallen back to the 1966 level in inflation adjusted dollars. The Minimum wage has declined the same.
A privatized system to redistribute upwards the top incomes zoom while middle class is stagnated in income and wealth.
It is outrageous not to tax those who have made ultra millions. Top 2% own 50% all financial wealth and get 30% all individual income. They includes incomes of 4000 Million 3000 Million, etc. One family own as as must wealth as bottom 90% of families.
10% own 73% net wealth—83% financial wealth and get 50 individual income.
Reagan began flush up with 60 tax cut for top. Bush increased it with huge tax cut for top.
Republicans are party of Spend but borrow let kids pay tomorrow. Democrats are the party of spend but get revenue(tax) to pay your way.