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Re: Obamanation 

By: oldCADuser in FFFT | Recommend this post (3)
Tue, 10 Sep 13 9:54 PM | 45 view(s)
Boardmark this board | Food For Further Thought 		Msg. 55846 of 65535
(This msg. is a reply to 55844 by killthecat)
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Case in Point:

http://www.huffingtonpost.com/2013/09/10/wall-street-executives_n_3894722.html

But of course, this had already gained a lot of momentum LONG BEFORE President Obama took office so to suggest that he's somehow responsible is a bit disingenuous, particularly when you take into consideration that he has tried on multiple occasions to propose changes in the tax polices of this country which would have addressed at least some of this disparity, much if which was the direct result of the Bush era tax policies.




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The above is a reply to the following message:
Obamanation
By: killthecat in FFFT
Tue, 10 Sep 13 7:54 PM 		Msg. 55844 of 65535

WASHINGTON — The pay gap between the richest 1 percent and the rest of America widened to a record last year.

The top 1 percent of earners collected 19.3 percent of household income in 2012, their largest share in Internal Revenue Service figures going back a century.

U.S. income inequality has been growing for almost three decades. But until last year, the top 1 percent's share of pre-tax income hadn't surpassed the 18.7 percent it reached in 1927, according to an analysis of IRS figures dating to 1913 by economist Emmanuel Saez of the University of California, Berkeley, and three colleagues.

Saez wrote that 2012 incomes of the richest Americans might have surged in part because they cashed in stock holdings to avoid higher capital gains taxes that took effect in January.


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