"Robin Hood Zoro" <rbnhdzro@N0SPAM.Z0R0.0RG> wrote in message
news:9a7mn1dkkuj81uujt8dt8pc29vk29jjrff@4ax.com...
On 15 Nov 2005 19:34:27 -0800, "zoro robbin hood"
<zororobbinhood@hotmail.com> wrote:
http://www.jimhightower.com/air/read.asp?id=11802
BOOMS
11/14/2005
America is enjoying a "boom," right?
More wealth is being generated than ever before, productivity continues
to rise, and profits are soaring.
Yet, most Americans are asking themselves, "a boom for whom?"
Let's run some numbers.
Washington officials recently rejoiced that overall incomes in our
country were up by nearly three percent in 2003, the last year for
which such data has been analyzed.
What they did not mention, though, was that nearly all of this economic
happiness shone on the very richest Americans, and none fell on the
vast majority of people.
In fact, one-fourth of all of America's increase in income went to only
129,000 people -- the top one-tenth of one percent of our population
who are millionaires!
The rest of that top one percent (those hauling in at least $327,000 a
year) also did well, enjoying a four percent boost in their incomes.
The other 99 percent of us?
We averaged less than a two-percent rise.
Since inflation that year was 2.3 percent, this means that, rather than
getting ahead, the average American fell behind, losing buying power.
Due to the Wal-Martization of our economy, middle-class jobs are
disappearing... and so is the middle-class.
Today, only one-fourth of American workers have a "good-job" -- which
is defined as one paying at least $32,000 a year and providing both
health care and a pension.
Yes, there's a boom... but only for those at the top.
As New York Times economics columnist Mark Stein wrote:
"Among the world's major economies, America's disparity in incomes
between the very top and everyone else is exceeded only by the gaps in
Mexico and Russia."
___________________________________________________________
Mornin' coffee with Jim Hightower.
Harry
(see all of Harry Hope's excellent posts as they break, put this link
in your browser, use it, this is a search on google groups, on the
author Harry Hope sorted by date... nothing fancy):
http://groups.google.com/groups?q=&start=0&scoring=d&enc_author=-nIhFBQAAAC
tBOUGAhN9cSve8yYdFJBuOPANdqfI6prRsqjc7uCt1A&
Mantra of the Insane Bush-Regime:
"WAR IS GOOD BUSINESS, WAR IS GOOD FOR BUSINESS, WAR STIMULATES THE
ECONOMY... OH YEAH LOTS OF INNOCENT PEOPLE DIE TOO... OH WELL WHAT CAN
YOU DO ABOUT 'COLLATERAL DAMAGE' WE MUST STIMULATE GROWTH OF MONEY...
Mantra of the Insane Bush-Regime:
"WAR IS GOOD BUSINESS, WAR IS GOOD FOR BUSINESS, WAR STIMULATES THE
ECONOMY... OH YEAH LOTS OF INNOCENT PEOPLE DIE TOO... OH WELL WHAT CAN
YOU DO ABOUT 'COLLATERAL DAMAGE' WE MUST STIMULATE GROWTH OF MONEY...
Mantra of the Insane Bush-Regime:
"WAR IS GOOD BUSINESS, WAR IS GOOD FOR BUSINESS, WAR STIMULATES THE
ECONOMY... OH YEAH LOTS OF INNOCENT PEOPLE DIE TOO... OH WELL WHAT CAN
YOU DO ABOUT 'COLLATERAL DAMAGE' WE MUST STIMULATE GROWTH OF MONEY...
Mantra of the Insane Bush-Regime:
"WAR IS GOOD BUSINESS, WAR IS GOOD FOR BUSINESS, WAR STIMULATES THE
ECONOMY... OH YEAH LOTS OF INNOCENT PEOPLE DIE TOO... OH WELL WHAT CAN
YOU DO ABOUT 'COLLATERAL DAMAGE' WE MUST STIMULATE GROWTH OF MONEY...
.
