Letters to the Web Editor

Smith Wimberley · Joined: 26 Feb 2008 12:12 pm Posts: 90

Marvin,

You can lay the facts right in front of their faces and, because it involved Bush, they are totally blind to them. Very frustrating and a waste of our time.

Bill Pelland · Joined: 25 Feb 2008 07:34 am Posts: 425

Smith and Marvin
Found on the internet:

The top 10 percent, roughly those earning more than $100,000, also reached a level of income share not seen since before the Depression.

While total reported income in the United States increased almost 9 percent in 2005, the most recent year for which such data is available, average incomes for those in the bottom 90 percent dipped slightly compared with the year before, dropping $172, or 0.6 percent.
The gains went largely to the top 1 percent, whose incomes rose to an average of more than $1.1 million each, an increase of more than $139,000, or about 14 percent.

The new data also shows that the top 300,000 Americans collectively enjoyed almost as much income as the bottom 150 million Americans. Per person, the top group received 440 times as much as the average person in the bottom half earned, nearly doubling the gap from 1980.

Conclusion: Trickle down (Voodoo economics) is not working. Not all boats get lifted.

One of the causes of growing disparity in income is the decreasing benefits of workers such as health care. While premiums go up, employers are forced to offer less benefits which affects the workers more adversly. Other drastic increases come in college tuition which affects the ability for the middle class to achieve the American dream of upward economic mobility.

The question then is it better for a small percentage of Americans to increase disproportionatly in wealth or would it be better for society to expand the percentage of people making higher incomes.

If we help more to achieve better education we also increase the one area we lead the world in; intellectual property. Not doing so can only lead to a decreasing lead in this area.

The higher income gains are not neccessarily made thru increased business as you suggest but is being made in speculative investments in things like subprime mortgages, oil, and dot.com stocis. None of these three things have been beneficial to the nation.

Obama for POTUS
Noriega for US Senate.

Bill Pelland

Marvin Crain · Joined: 15 Jun 2008 04:57 pm Posts: 241

Smith,

I know what you mean and I am under no illusion that we are going to change the minds of people like Bill P. or Toby (any more than they are going to change ours), but I keep thinking that maybe there are some young people out there or at least some who are new to the political issues who can be reached. Playing the class envy card is a favorite of the the libs. They like to talk about the "Two Americas" that John "Stud Puppy" Edwards popularized. Looks like old John has been taking lessons from Rev. Jesse. I'm sure it is all a big misunderstanding, don't you?

NOBAM, NORICK.

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