The Rise of the Super-Rich

[dmcowen674]

10-28-2012

http://news.yahoo.com/rise-super-rich-022558927.html

The Rise of the Super-Rich



The top 1 percent of Americans are getting a bigger piece of the economic pie — and part of the reason may be Republicans in Congress, according to a new study


Study co-author Thomas Volscho, an assistant professor of sociology at CUNY-College of Staten Island, finds a Republican majority in Congress is one of the main reasons for the widening rich-poor gap.


He combed through house price index data, IRS numbers (taxes paid) and census data, finding a few factors that may have led to the rise of the super-rich: Congressional shifts to the Republican Party, diminishing union membership, lower tax rates for the top 2 percent of Americans, and financial asset bubbles in stock and real-estate markets.

When Republicans gained seats in Congress in any given year the number of super-rich jumped in the following year.

Globalization and technology have squeezed the lower incomes while allowing the wealthy to become richer, said Kenworthy, who was not involved in the current study. Globalization makes it easier to ship jobs overseas, depressing wages for American workers.

 

[cybrsage]

In before the second post!

 

[dmcowen674]

Another article showing how the 1% have grown and taking over the Government

 

[Doppel]

In before the second post!

HAH! Fvcking owned, Mcowned.

 

[brianmanahan]

i almost died today

this is all i saw when i read your post

 

[xBiffx]

HAH! Fvcking owned, Mcowned.

+1

 

[Londo_Jowo]

Hmmmm no comment in the first post, isn't that against forum rules?

 

[Nemesis 1]

10-28-2012

http://news.yahoo.com/rise-super-rich-022558927.html

The Rise of the Super-Rich



The top 1 percent of Americans are getting a bigger piece of the economic pie — and part of the reason may be Republicans in Congress, according to a new study


Study co-author Thomas Volscho, an assistant professor of sociology at CUNY-College of Staten Island, finds a Republican majority in Congress is one of the main reasons for the widening rich-poor gap.


He combed through house price index data, IRS numbers (taxes paid) and census data, finding a few factors that may have led to the rise of the super-rich: Congressional shifts to the Republican Party, diminishing union membership, lower tax rates for the top 2 percent of Americans, and financial asset bubbles in stock and real-estate markets.

When Republicans gained seats in Congress in any given year the number of super-rich jumped in the following year.

Globalization and technology have squeezed the lower incomes while allowing the wealthy to become richer, said Kenworthy, who was not involved in the current study. Globalization makes it easier to ship jobs overseas, depressing wages for American workers.

Whats your problem with other peoples money??? You do know envy is a sickness right!

 

[Smoblikat]

Whats your problem with other peoples money??? You do know envy is a sickness right!

Hes just a jealous leech. Who sucks off the government and wants everyone else to pay for his shit.

 

[QuantumPion]

So you'd rather go back in time to when the ruling class were millions of times richer? There was no such thing as rags-to-riches until there was American freedom.

 

[Suspicious-Teach8788]

how much does mcowen make again? poverty level?

 

[QuantumPion]

how much does mcowen make again? poverty level?

I'm sure he lives an upper-middle class lifestyle in his parent's basement.