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The rich took home a greater share of America's income pie from 2009 to 2010 than they did between 2002 and 2007, according to an April analysis from Emmanuel Saez, a professor at the University of California, Berkeley. That means the gap between the rich and the poor was more pronounced under Obama's presidency than under George W. Bush's.
For those that follow this, is this true?
Taken from the Huff Post
This post was edited by sec13graphics 14 months ago
"...an economy hampered by restrictive tax rates will never produce enough jobs or enough profits" JFK
Yes. Saez is very smart. He also favors a top rate of tax of somewhere like 70%. Of course, people who equate conditions with policies on a one:one basis are more often trying to score points than actually care about real people.
“Close tax loopholes that allow some of the truly wealthy to avoid paying their fair share,” Reagan vowed.
The Great Recession hit middle wage and lower wage earners the hardest. Level of completed education, race, and previous earnings were all great predictors to tell us whom was going to end up where as we started to recover. I don't know that many would dispute the reality. The other piece of that reality is that the people who entered the recession in the most financially secure positions came out of these tough times with an even bigger piece of the pie than they had going in.
Let me translate the liberal ramblings.....
Under bush that would have been simply stated......"Those greedy rich fuckers need to pay, Bush loves and only takes care of the rich"......
YoUU NAiLed em/IttTTT To ThE WaLL AGaiN, Mr. FAAAN-MAAANNN.
KeEP Up ThE GrEaT WoRK, BIIIIIIGgG-GuY.
MeMBeR SiNcE 9/11/2011
MaY GOD BLesS ThE U.S.C. TROJAN'S, AnD AMeRiCA,---FoR ALLL ETeRNiTY!!!
LeTS SeE,------SiNcE obumMer ToOK OveR,---8 And 1/2 MiLLioN PeoPLE HaVE LefT ThE WoRK-FoRcE!!!
PuT AnOTheR WaY, TheRE Is NoW 8, AnD 1/2 MiLLioN LesS JoBS.
AcCoRDinG To ChaRLeS KrAuTHamMeR,------ThE REaL UnEmPLoYMenT RaTE In ThiS CoUnTrY, Is NoW BeTWeEN 23%-25%, WhiCH Is DePResSioN-ErA TerRiToRY.
WeLComE To obumMer WorLd,------Land Of NOOO HoPe, AnD "chanGe" FoR Da WoRsE.
It is true. This has been a trend since the 1980s. It is a pretty steady trend that gets exaggerated when the economy takes a hit. If you are asking if this has to do with Obama, no. As I mentioned, this has been a trend since Reagan. That is not meant to blame Reagan. The contributing causes are complicated. In my opinion, we can do some things to mitigate that trend, but we cannot stop it totally without really hurting the economy.
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