Tag: 99%

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Rich 333% richer & poor 5% poorer than in 1980

Reagan-era tax breaks for the wealthy, which were instituted in 1980 and have become the norm for Republican presidents to continue since then, have resulted in the following financial effect on American households, as detailed in an article on An Economic Sense blog

IN YEAR 2010
• Income for the bottom 90% of households is -5% lower than 1980 levels
• Income for the bottom 9% of households is 35% higher than 1980 levels (those with incomes between the 90th and 99th percentiles)
• Income for the top 1% of households is 333% higher than 1980 levels
• The rate of growth for the US Gross Domestic Product (GDP) has remained steady at 1.9% since 1880 read more

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Bald eagle symbolizes GOOD government

Friend and civil rights attorney Bennet D. Zurofsky wrote on Facebook today in response to this picture,

I saw this posted on Facebook this morning and found its irony overwhelming.

The bald eagle would likely be extinct right now if the government had not imposed strict environmental regulations against DDT and other poisons that were killing them off. The government also greatly increased the protection of bald eagles by declaring them an endangered species and by engaging in a wide variety of programs to both conserve and increase their population and habitat. If I were a bald eagle, therefore, I most certainly would trust the government. read more