did you know since 2004 the top 1% of the countrys income rose 12.5% the rest of the countrys income fell 2%?

Question

good economy for who, the bush economy numbers are a lie and misleading. the growth is for investors and corporate stocks. how many americans invest in stock? it is an econmy for the rich. clintons economy was for everybody. source: economist-bill krugman.

top 1.5 % income rose-tax cut.
98.5 percent income fell-no tax cut.
get the numbers.

top 1% of the population doing well, other 98% not doing as well as before.

Answer 1

That's voting Republican for you!

Look at red versus blue state IQ's:
http://www.geocities.com/blue_vs_red_2004/

Answer 2

Inheriting a 1999 recession brought on by the Largest Tax Increase in American history, for only the third time in four generations an across the board tax cut brings the American economy around.
A recent increase in tax revenues is due in large part to “a big spike in corporate tax receipts, which have nearly tripled since 2003, as well as what appears to be a big increase in individual taxes on stock market profits and executive bonuses,” The New York Times reported over the weekend. In a stunning insight into the liberal mindset, the Times called this a “surprise windfall,” and grudgingly noted that economists predicted exactly this result. “The supply-side tax cuts of 2003 are working exactly as we would have expected,” Heritage’s Dan Mitchell told The Washington Post. “Lower taxes on work, saving and investment leads to more work, saving and investment. It’s not exactly rocket science.”

Answer 3

Your information is that only 1.5% of Americans got a tax cut????
Your information is false....based on that I would suggest your other numbers are incorrect as well.

Clinton benefited by an expanding bubble in the stock market. He had NOTHING to do with the increased wealth of the average American. ( Fed policy is set by the Board of the federal reserve. I guess you are ignorant of that fact)

Why has the wealth of the the other 99% fallen? Here are two reasons (though your numbers are...as your other numbers..a myth). Break it down by income catagories, if you can.

Reasons for possible decrease in wealth.
Middle class Americans are obsessed with credit and living beyond their means. They buy houses they can not afford, They have two leased cars in their driveway. They finance EVERYTHING from electronics to furnature. They are wasting money on interest payments, when they should be investing that money wisely. ( for ten years I drove a car that I paid $700 for even though I was in the upper income bracket, I bought a house only after I had 50% to put down and bought my furnature, electronics, and appliances CASH. I didn't take vactions or waste my money on fast food. I invested all the money I saved...get it)
The next reason and from the information I looked up (found similar numbers on a Liberal website by the way) it accounts heavily on INFLATION caused by higher gas prices. The "report" (incredibly biased to the left) itemized the increase in inflation as a "non impact on the rich" "inflation is only felt by 98.5% of Americans".

You really should take a class on civics, and economics.

Answer 4

If you check your history you will find that this is a trait that is common when there is a Republican Administration in power.

Who do you think pays their way.

If you don't study history then you are doomed to reliving it.

If you look at the national debt history, you will find that you

"and your kids"

Will pay for the tax cut given to you many times over because the tax cut was basically charged to the nations credit card.

You see we were already spending more than we were taking in so if we take in even less money than we are obviously borrowing the money to make up the difference.

It is a simple formula.

Answer 5

Yes the great economist Adam Smith calls that the economic theory of "the rich get richer"

Answer 6

You are a moron nearly 90 % of all people invest n stocks. Ever hear of 401k or a bank account. The numbers that you quote are skewed by the liberal society. Please start living n the real world.

Answer 7

Ok, lets say it was the other way around. How many tax dollars would we lose if that happened?

Answer 8

49% of the people know that the other 51% know it but don't believe it ,they think the facts are not fact it's coming from left-wing-thing, but yet they feel it and look the other way.

Answer 9

And this surprises you? Beware, they won't like your source.

Answer 10

Bush is no Clinton,,,