Wednesday, October 26, 2011

66% of the USA agree with Occupy that money and wealth are Not distributed fairly in America.

Yes. 66% of the USA agree with Occupy that money and wealth are Not distributed fairly in America.

In a competitive economy the workers that are also the customers need to be able to buy the goods being made by the workers. In an economy where the top 1% and the top 20% are increasing and the rest, the bottom 80% are not even able to afford the necessities that the economy isn't going to work. Imperial Russia, Imperial France, Imperial China each failed because of the same disparity.

These people that believe that money and wealth are Not distributed fairly  are not saying that people should not be able to work hard and make money. We are saying the trend towards disreputable Acts by the so many of the top 20% of America Have created a massive accumulation of wealth on their part and the lack of ability of the rest of America to work hard and make money. The top 1% have done all kinds of acts to block everyone else from making even enough money to support their family's.  And Cain, and Perry and Paul and Romney are all Doubs in their plans to continue to do so.

  aftertaxincome

source: CBO
”As the chart above shows, between 1979 and 2007, the share of after-tax income going to each of the bottom four income quintiles has dropped. The only quintile that has increased its share is the top 20 percent. And the top 1 percent -- those economic elites targeted by the Occupy Wall street movement, which claims to represent the other 99 percent -- has more than doubled its share.
That top 1 percent saw its income skyrocket by 275 percent. Those between the 80th and 99th percentile -- that is, the top 20 percent, excluding the very top 1 percent -- also did pretty well, seeing their income rise by 65 percent. Income for the bottom 20 percent, meanwhile, grew by just 18 percent.”

New numbers: Income for top one percent skyrocketed over last 30 years
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“Earnings of the typical man who works full-time year round fell, and are lower—adjusted for inflation—than in 1978. Earnings for women, meanwhile, are a relative bright spot: Median incomes have been rising in recent years and rose again last year, though women still make 77 cents for every dollar earned by comparably employed men. “http://online.wsj.com/article/SB10001424053111904265504576568543968213896.html

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“The fraction of Americans living in poverty clicked up to 15.1% of the population, and 22% of children are now living below the poverty line, the biggest percentage since “ http://online.wsj.com/article/SB10001424053111904265504576568543968213896.html

 

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Where does Occupy get their numbers?

The CEO of Wal-Mart gets per hour as much as their average employee gets per year. Yet they still want to cut all the benefits of those employees without touching his  income.

“Wal-Mart, the largest U.S. retailer and the nation's largest private employer, is also slashing the amount that it puts in employees' healthcare expense accounts by 50 percent.” http://news.yahoo.com/wal-mart-trims-certain-employee-health-coverage-152429958.html

Wal-Mart has offered part-time workers the option of signing up for healthcare coverage since 1996, regardless of how many hours per week worked. Now, part-time associates who work less than an average of 24 hours per week will no longer be eligible for the company's health insurance plans.” http://news.yahoo.com/wal-mart-trims-certain-employee-health-coverage-152429958.html

“Meanwhile, just 26 percent said that money and wealth are distributed fairly in America, while 66 percent say they aren't.”

http://news.yahoo.com/blogs/lookout/poll-more-agree-disagree-occupy-wall-street-goals-141203055.html

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