And yet, you want to take more and more of our income to support our government. All those jobs created, but only low paying employment. Seems Martin Feldstein was right: A more progressive tax induces firms to hire fewer high skilled employees and hire more lower skilled employees. Your chart doesn't show government growth.
Posted by peter at May 19, 2009 09:57 PMThe stagnation of real income in this period is even more dramatic when you include the significantly higher number of two income families. And all the while worker productivity increased exponentially. Add in the lower cost of 401ks to pensions and it begs the question how much of this was creative growth or just redistribution?
Posted by allansfca at May 19, 2009 11:50 PMout of fucking control troll scumbggery
here's whose been doing all the gov't spending shit brain pete, hint you worship him:
How federal spending has climbed since 2001
the more disconnected you assholes get from reality the more shrill and desperate you become...
you're beginning to resemble an episode of jerry springer petie...
Posted by headxray at May 20, 2009 12:00 AM"Take more of our income"
Who's the "our" in that sentence, you cretinous conservative cog? YOU? You just had a tax cut.
Your brain is so toxified on conservative sewage you can't see your hand in front of your face. The top 1% has returned to Robber Baron status under Reagan Tax Cut Conservatism. Clinton's small tax increases were offset by his "globalism" and relaxation of capital rules which the Robber Barons also demanded.
The budget mess can't be fixed without an increase on the revenue side. The chief target should be the super-rich---they are the problem. The goal: a return to the historic marginal rates of 50-80% on all income over, say, $1 million. That, plus 50% cuts in the military budget will be a start on budget sanity.
The country doesn't exist for the pleasure of the 1%-ers. Yet they've conned moron southern white male turd eaters (like peturd) into washing their masters shit-smeared asses without even daring to ask their "entrepreneurial" masters for a new wash cloth.
Peter, you're a pinheaded pawn of the plutocrats---now go run off and eat the daily sewage treats that your masters have dished out for their little conserva-cogdogs.....
Posted by euzoius at May 20, 2009 05:38 AMI agree with euzoius that the primary solution is a steeply progressive tax table with a top rate of 75% or more. Like we had under that socialist president, Dwight Eisenhower.
Posted by mike at May 21, 2009 06:37 AM