Saturday March 28, 2015
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With all this talk of taxing the rich to balance our budget, etc. I thought 1 or 2 of you might be interested in knowing just WHO the rich are.
To qualify as one of the richest 1% of Americans it takes an annual income of just over $516,000.00
Here's who that is:
14% work in the finance sector.
many more than that almost
33% are executives in non-financial firms.
16% are in medicine.
8 1/2 % are lawyers.
The select club of the top 1% includes more information-technology specialists and engineers than it does entrepreneurs, AND more scientists and professors than celebrities from the arts, sports, and media. And here's the rub.
Not incidentally, MORE than HALF of U.S. Senators and members of the House are part of the top 1%
This is all according to IRS data!
Feel better now? :-)
The people who are rich are the ones who are happy with what they have, health, a loving family, and many friends.
Dollars are not happiness. They can't buy love, sex maybe, can't buy health, a loving family or friends.
The people may have a sense of accomplishment but if they don't have the love, health and friends, they aren't really happy. Just grasping for more.
Oh so true Pat!! I consider myself to be wealthy beyond measure, because I have all that you mentioned, as well as one last thing that is essential to me...I can look myself in the mirror and know that I have lived my life in such a way as to be respected.
A wise person once said that the difference between character and integrity is "integrity is how you behave when others are watching, character determines how you behave when no one can see."
I have a friend who is the head of a large Corporation that I used to work for. He has offices from
California to Florida and from Texas to Michigan. They all have one thing in common. They acquire wealth by helping others acquire wealth. And those that help others prosper beyond themselves, contribute immeasureably to the greater good.
I'll give you an example, If I offer you a product, that affects something you use everyday. Further, if that product reduces the cost of dealing with everyday problems and not using it cost you more than using it? Should I tell you about it? Should I help you get it? If I said it was cheaper to have it than not have it? Wouldn't it be the prudent, intelligent thing to do to buy it?
Answer this in your own mind. ' If I got rich helping others get rich, helping others save money, and live a better life......What have I done wrong?'
As long as you pay (the Corp.) the legitimate taxes on your profits, NOTHING.
However, check out the article in Sundays The Arizona Republic entitled "Big Companies dodging taxes". It's on Page A29. This is what us actual taxpayers are complaining about. We pay, it seems many corporations don't.
I think this is relevant to this thread.
Between 1979 and 2007 the income of the "middle class rose 40%.
the income of the "poor"** rose 18%.
the income of the top 1% rose 275%
This is all using inflation-adjusted dollars and according to the CBO.#
**- - -Poor is defined by the U.S. Gov't as earning less than $22,000.00/yr. for a family of four.
The inequality keeps growing.
According to the Pew research Institute "Young working adults (20's and 30's) now earn 90 cents for every $1.00 their Father's made."
This will be the first time in history that that component of the American Dream that has always existed concerning the next generation being "better" off than the previous won't happen. Are you proud yet? Us baby boomers (I included myself!!) and our elders- - -the selfish generations.
That economic war is coming folks. These protests are just the harbinger!
Here's some more disturbing facts- - all concerning the Nation's debt!
From 1933 to 1941 the national debt grew from 22.5 Billion to 43 Billion. (The Great Depression)
From 1943 to 1945 the debt grew to 258.7 Billion (Borrowing to pay for World War II)
From 1960 to 1970 the debt grew from 286 Billion to 371 Billion. (Viet Nam War and LBJ's Great Society)
In 1982 the Nation's debt charges above 1 Trillion for the 1st time. (Under President Reagan)
Under George H.W. Bush's watch it mushroomed exponentially.
In 2001 (the year of the 9/11 attacks) the debt was 5.8 Trillion dollars.
By 2008 (under W's admin.) the debt had risen to 10 Trillion dollars. (To pay for Iraq and Afghanistan and increased homeland security costs while giving the top end a tax break)
By August 2011 the debt reached 14.7 Trillion DOLLARS!
It is now approx. 91% of G.D.P.- - -This means that for every single dollar that Americans produce in finished goods and services, there is 91 cents of National Debt!
The ONLY time in my life (near 6 decades) that the government had a balanced budget (or a surplus) was under President Clinton. If memory serves me right, we even paid down (a tiny bit) of the debt one year. It took "W" only months to completely blow the budget and escalate (again) the National Debt.
So, why in the heck does everybody believe that the Republicrats are somehow "better" at managing economics and "handling" our Nation's finances?
Don't believe me, do a google search on the National debt. Then compare the results with a timeline of WHO was in charge. Find out for yourself.
Obama assumed office in January 2009. Why is this mess all (or largely) HIS fault?
This may be off string, but your last question of the reason we are in this mess was about the fault and if it belonged to Obama. I'm going to say yes, but I won't stop there.
Stay with me if you can, this is liable to be long.
I have no facts or figures, if I did I would be worried, for when this Country came together, there were only patriots and torries. The patriots said, here we are, we'll build a nation free. We'll make a contract you can live with and plant a liberty tree. So that freedom came to pass and the law of land was born. A constitution set in ink that was also set in stone. It gave the glory to a God who said man had the right, to worship freely as he chose and not be dealt a slight. To speak your mind without the fear that words could do you harm, and gave us rights to gather when we felt there was coming harm.
But earlier I mentioned Torries and they didn't feel like us. They didn't want the freedom but prefferred the Kingdoms trust. They were the ones protected by the government you see, and freedom took away that gift that was paid by you and me.
The revolution was barely won when they tried to take away, a group of peoples determination to remain to be as freedom seeking as the people were that day.
In 1812 they came and tested our resolve. But they lost and for the next one hundred years the world became aghast. We survived a civil war that wanted us divided and became a land from coast to coast that was totally united.
I'll give you all a glimpse of me because of my familia, My grandfather was born in 1881 in a town that was called Sedalia. HIs parents knew that life was all about the ability to produce. And they set off from Missouri on wagon train going west.
I'm writing a book about that wagon train and hope to finish it eventually. But the bottom line is this. The heritage of my lineage is colorful and inspiring. My grandfather lived to be just days short of his 96th birthday in 1976. He saw the bicentenial celebration of a country he loved. My grandfather left Colorado in 1898 to go enlist with the rough riders, and join Teddy Roosevelt in the Spanish American War. I'lll give you more when the book is ready but the issue is simply this
What this country needs is a slap in the face and a redirection back to the principles that made us
the chosen ones on earth, we are you know, Israel has their country, fullfilling the prosephy that the fig tree has blossomed". America didn't happen by accident and we've got to get back to understanding that.
You never answered the Obama question? other than with yes. No facts, no evidence, just yes. Although the rest was quite interesting. And, guess what. Sedalia!!! My Father was born (in a dirt floor cabin) in Ellington, Mo!! I was there as recently as 2006. The cabin still exists although it has been moved down the road. I guess this explains a lot. We're both stubborn "show-me" rooted folks that don't easily accede to others ideas. I LOVE the Ozarks. IF I could figure out how to earn a living there I'd consider moving. BUT I also LOVE Arizona and prefer the weather, if not the politics!
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