Class Matters
Richest Are Leaving Even the Rich Far Behind
By DAVID CAY JOHNSTON
Published: June 5, 2005
When F. Scott Fitzgerald pronounced that the very rich "are different
from you and me," Ernest Hemingway's famously dismissive response was:
"Yes, they have more money." Today he might well add: much, much, much
more money.
Not Since the 20's Roared
The Wealthiest Benefit More from Tax Cuts
About the Data (June 5, 2005)
Forum: The Hyper-Rich and Class
ABOUT THE SERIES
This series explores how class influences destiny in America.
· Day 1: Overview
· Day 2: Health
· Day 3: Marriage
· Day 4: Religion
· Day 5: Education
· Day 6: Immigration
· Day 7: New Status Markers
· Day 8: The 'Relo' Class
· Day 9: The Hyper-Rich
· Day 10: Class and Culture
· Day 11: Up From the Projects
Where Do You Fit In?
The people at the top of America's money pyramid have so prospered in
recent years that they have pulled far ahead of the rest of the
population, an analysis of tax records and other government data by The
New York Times shows. They have even left behind people making hundreds
of thousands of dollars a year.
Call them the hyper-rich.
They are not just a few Croesus-like rarities. Draw a line under the
top 0.1 percent of income earners - the top one-thousandth. Above that
line are about 145,000 taxpayers, each with at least $1.6 million in
income and often much more.
The average income for the top 0.1 percent was $3 million in 2002, the
latest year for which averages are available. That number is two and a
half times the $1.2 million, adjusted for inflation, that group
reported in 1980. No other income group rose nearly as fast.
The share of the nation's income earned by those in this uppermost
category has more than doubled since 1980, to 7.4 percent in 2002. The
share of income earned by the rest of the top 10 percent rose far less,
and the share earned by the bottom 90 percent fell.
Next, examine the net worth of American households. The group with
homes, investments and other assets worth more than $10 million
comprised 338,400 households in 2001, the last year for which data are
available. The number has grown more than 400 percent since 1980, after
adjusting for inflation, while the total number of households has grown
only 27 percent.
The Bush administration tax cuts stand to widen the gap between the
hyper-rich and the rest of America. The merely rich, making hundreds of
thousands of dollars a year, will shoulder a disproportionate share of
the tax burden.
President Bush said during the third election debate last October that
most of the tax cuts went to low- and middle-income Americans. In fact,
most - 53 percent - will go to people with incomes in the top 10
percent over the first 15 years of the cuts, which began in 2001 and
would have to be reauthorized in 2010. And more than 15 percent will go
just to the top 0.1 percent, those 145,000 taxpayers.
The Times set out to create a financial portrait of the very richest
Americans, how their incomes have changed over the decades and how the
tax cuts will affect them. It is no secret that the gap between the
rich and the poor has grown, but the extent to which the richest are
leaving everyone else behind is not widely known.
The Treasury Department uses a computer model to examine the effects of
tax cuts on various income groups but does not look in detail fine
enough to differentiate among those within the top 1 percent. To
determine those differences, The Times relied on a computer model based
on the Treasury's. Experts at organizations representing a range of
views, including the Heritage Foundation, the Cato Institute and
Citizens for Tax Justice, reviewed the projections and said they were
reasonable, and the Treasury Department said through a spokesman that
the model was reliable.
The analysis also found the following:
¶Under the Bush tax cuts, the 400 taxpayers with the highest incomes -
a minimum of $87 million in 2000, the last year for which the
government will release such data - now pay income, Medicare and Social
Security taxes amounting to virtually the same percentage of their
incomes as people making $50,000 to $75,000.
¶Those earning more than $10 million a year now pay a lesser share of
their income in these taxes than those making $100,000 to $200,000.
¶The alternative minimum tax, created 36 years ago to make sure the
very richest paid taxes, takes back a growing share of the tax cuts
over time from the majority of families earning $75,000 to $1 million -
thousands and even tens of thousands of dollars annually. Far fewer of
the very wealthiest will be affected by this tax.
........ more to article if you clink on link at top
==================================================
The Number One Issue For All Voters Is To Destroy the Crooked Diebold
Vote Machines
With the news this week of the Enron Accounting Company, Arther
Anderson, having its conviction overturned for intentionally shredding
Enron Accounting files in order to subvert prosecution of both
themselves and Enron.... THAT IS ARTHER ANDERSON WAS FOUND GUILTY UNTIL
THE SUPREME COURT OVERTURNED THE CONVICTION!!!
With that we now have evidence of how all crooks will get away with it
if they are strong Bush supporters.
It is loudly clear to all that Bush-Regime plan, when confronted with
their clear guilt, (as the Newsweek scandal proved last week, with
first Bush-Regime forcing Newsweek to retract, then the story being
proven true from many other sources, then BUSH INSISTING that ALL
those CONFRONTING him with the TRUTH are "ABSURD" ) ... thus it is now
clear that the Bush-Regime when confronted with their guilt will only
lie more loudly. --- a pattern that we on usenet newgroups see as
standard operating procedure for Bush-Lies supporters. ---
SO I AM MAKING THIS PLEA TO ALL VOTERS EVERYWHERE.
THE MOST IMPORTANT ISSUE BEFORE US TODAY IS TO RE-ESTABLISH LEGITMACY
TO THE VOTING MACHINES.
We have seen Diebold, the main company making the machines make
promises of delivering the elections to the Bush-Regime.
Democracy in the U.S. has almost (if not already) been destroyed by the
lies being repeated over and over like a machine gun from the highest
offices of government.
As the Newsweek scandal showed the Bush-Regime will even force high
visible media outlets to print lies that everyone knows are lies.
IN OTHER WORDS CAN ANYONE BELIEVE ANY OF THE POLLING COMPANIES???
THE MOST IMPORTANT ISSUE FOR ALL VOTERS SHOULD BE TO RE-ESTABLISH
LEGITMACY OF THE VOTING PROCESS!!!
==================================================
http://www.journeyforjustice.org/ <- 2 Million Prisoners: March On DC
www.prisonexp.org <-- The Cancer Thriving On American Government
Corruption
http://www.thememoryhole.org/war/iraqis_tortured/ <== Example of how
"professional" guards look when the standard Blue-Wall-Of-Silence is
not set up to hide them.... These guards came directly from their
stateside jobs at normal U.S. prisons.
==================================================
http://www.gwu.edu/~nsarchiv/
http://www.tvnewslies.org
http://www.informationclearinghouse.info/article3308.htm <-- Bush
Crime Family
http://www.inthesetimes.com/site/main/article/they_knew_0802/
http://www.thelawparty.com/FranklinCoverup/franklin.htm
http://www.rotten.com/library/history/war/wmd/saddam/ <--
chronological history of the WMD Bush Lie
http://www.infowars.com/articles/us/mckinney_grills_rumsfeld.htm <--
Rumsfeld grilled on
Dyncorp Sex Rings, Missing Pentagon Trillions 9/11 Wargames
http://mindprod.com/iraq.html <-- photos of Bush War Crimes
http://www.troopsoutnow.org/
http://www.commondreams.org/
=================================================
WILL THE "ANTI-CHRIST" KNOW THAT ABOUT THEMSELVES
--- OF COURSE NOT!!!!
Why would anyone knowingly be the "anti-christ?"
This whole Prophesy aspect to Revelations seems to only be possible if
such a person would not understand their own guilt.
This would be an aspect of "Pushing the envelope..."
For instance invading another country, taking the world to war, because
you have deluded yourself into thinking that "Might makes Right" or
that those who do not profess your bizarre perversion of Jesus's
message are the problem... when in fact you are the problem. Or
because keeping the Corporate-Oil-Oligarchy in power seems
intrinsically right to you. IN OTHER WORDS YOU HAVE NO COMPREHENSION
OF JESUS'S MESSAGE ... BUT THINK YOU DO... ie you are an anti-christ.
=================================================
Texas is known for being the state with the dirtiest politicians in the
USA.
Question: What would JFK have done with Social Security?
THE ANSWER HAS TO DO WITH ANOTHER REASON THE FLEDGLING BUSH-REGIME'S
CIA ASSASSINATED JFK.
(that was over forty years ago the "fledgling Bush-Regime" is no longer
"fledgling")
We are now at a historic time in the history of the USA. The CIA had
the Truth sealed away for 75 years, from Public Eye concerning what
really happened to JFK, RFK, MLK. Claiming it was for "National
Security" reasons. By the time that time period has expired the
Fascist takeover of the US will be complete and it will not only not
matter that the truth is known... the CIA killed the great Human Rights
leaders at the behest of the a small group of
Texas-Oil-Oligarchy-Corporate-Leaders, primarily the Bush-Family who
are now establishing themselves as the entrenched THUG-RULERS of the
most powerful military/intelligence/espionage/political system in the
history of mankind.
ie the "Anti-Christ" head of the world.
The only way this can happen is if the people let it... if the american
people remain asleep and allow a LIAR to keep LYING because they are
too afraid to STAND AGAINST THE LIAR.
One reason Ted Kennedy did not die the martyr's death of his two
brothers is because he decided it was not his fight alone. He did not
see the american people outraged enough to STAND UP AGAINST THE
LIARS...
the average american is like Ted Kennedy... "let someone else fix the
problem..." that is entirely what the entrenched Bush Regime with the
CIA in its pocket is hoping americans and the rest of the world will
will say to themselves... for then the problem will not be fixed.
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...
Are you going to continue to follow the new Hitler?
It used to be that true Christians went willingly to die martyr's
deaths.
This world is a spec in eternity. Why not do your best to make this
world beautiful in the spirit of man... by being a man who stands up
against the liars who only believe in materialism, money, greed, oil...
etc. You will be considered worthless by many... but you will be one
of those who has kept the true people alive in spirit.
Drive around McClean, VA(the home of CIA headquarters) and read the
road signs: "George Bush's CIA"
Nixon is spinning in his grave wondering what Bush has to do to be
impeached.
"Fascism should rightly be called Corporatism, as it is a merge of
State and Corporate power." ---Benito Mussolini, the father of modern
fascism.
"What does it matter to the dead, the orphans, and the homeless whether
the mad destruction is wrought under the name of totalitarianism or
the holy name of liberty or democracy?"
--- Mahatma Gandhi
>Class Matters
>Richest Are Leaving Even the Rich Far Behind
>
>By DAVID CAY JOHNSTON
>Published: June 5, 2005
>When F. Scott Fitzgerald pronounced that the very rich "are different
>from you and me," Ernest Hemingway's famously dismissive response was:
>"Yes, they have more money." Today he might well add: much, much, much
>more money.
>
>The Wealthiest Benefit More from Tax Cuts
Since we pay the most taxes, I'd say we deserve them.
Next problem!
You appear to be determined not to understand the infernce of any
explanation of facts.
Is this a result of the spoiled whelps that the rich produce who figure
thinking on their own is something daddy had to do but not junior
because he has all daddy's money?
The point of the article is that the top rich are so rich that they
have more money than they could ever use even if they gave it away.
In other words they should be taxed to the point that at least they are
not being given more riches than an average billionaire.
PS: I have not seen anything of substance ever written by you... how
old did you say you were again?
>>Since we pay the most taxes, I'd say we deserve them
>
>You appear to be determined not to understand the infernce of any
>explanation of facts.
All you do is post articles without comment. None of them have
anything to do with guns. I understand what you're doing all too well.
>Is this a result of the spoiled whelps that the rich produce who figure
>thinking on their own is something daddy had to do but not junior
>because he has all daddy's money?
>
>The point of the article is that the top rich are so rich that they
>have more money than they could ever use even if they gave it away.
There's no such thing as more money than one could ever use.
Just because you have no imagination, doesn't mean the rest of us
don't.
For instance, if I were one of the super wealthy you refer to, I would
have several of these:
http://www.basehead.org/view.php?wallz=4744
Perhaps one for each day of the week, with the de-tuned 1420HP version
for weekends.
>In other words they should be taxed to the point that at least they are
>not being given more riches than an average billionaire.
They should be allowed to live as free individuals, taxed at the same
rate as welfare-sucking slimes such as yourself.
>PS: I have not seen anything of substance ever written by you... how
>old did you say you were again?
I've never seen ANYTHING written by you- all you do is cut and paste.
Are you a bot? Or just stupid?
robin hood zoro wrote:
You know, who really cares what a partisan liberal asshole writes
anymore?
People are moving up in class. Period. That's a problem?
Do you think "a problem" would be you lying about the facts.
More "people are moving down" as you would say.
The problem is the rich dont care. And the ultra-rich are simply
trying to get more money to debauch themselves further.
God has always made plenty for everyone. But the rich live in fear
that if they truly give to the utmost (as Christ pointed out to the
poor woman who gave all the money she had) ... the rich then think they
will die of starvation.
You would think with all that money their fear would lessen.
(By the way greed is at its root just another form of fear)
- by Stewart Connor 4/13/05
Capitalism has a broken concept at its core. But it is a concept that
just about everyone has decided is the truth.
The concept is "expediency"... "might makes right"... "nice guys
finish last"... "The reason people obey the laws of man is because
society will throw them in jail if they dont"...etc.
These are all misunderstandings.
As a result of all these misunderstandings people go along even though
they see there is something vastly wrong... this is where
expressions like: "Elephant in the room that everyone is pretending is
not there." Or "The emperor has no clothes" are coming from.
Capitalism, the fundamental thing that keeps people resigned to it is:
"Nice guys finish last" so lets put a BAD GUY IN CHARGE. Let all the
power be given to the greedy so that they wont have to worry about that
and then we can be on their side... ie "the winner's side." Let the
Bad
guy run it all, since he is going to win anyway... GIVE THE DEVIL HIS
DUE --> MAKE SATAN KING!!!
Now this situation has been handed down to us over the centuries... the
fight between the have nots and haves is not new.
And in all the legends of heroes that have lasted, legends from Zorro,
to Robin Hood, to George Lucas's Star Wars et al. it is the little guys
over coming the big greedy (corporate) monsters that all people love...
even rich people love these underdogs who represent the Good Guy in the
"Battle between Good and Evil" because deep in their hearts they want
to be the "good guy" too.
As a result however, the existing powers that be, the "corporate"
elites have always recognized the dangers to the very core of their
philosphy of greed which is in control of the masses.
ENTER the beginning founders of COMMUNISM ... Karl Marx et al.
They came up with a theory of sharing all wealth: eg "From each
according to his ability unto each according to his need"-- a defining
phrase of the core meaning of the philosophy of Communism-- however
average people not familiar with the history have often been polled as
to where they think this famous phrase is found the majority say "The
Bible"!!!
Marx was no genius of politics... nor were most people back in those
days... he had a simple idea that in order to end war and be fair to
all men that all wealth should be shared.
The problem is that this is an extremely POWERFUL IDEA and RIGHT AWAY
THE CORPORATE ELITES OF CAPITALISM RECOGNIZED THAT THIS IDEA WAS ALONE
THE SINGLE BIGGEST THREAT TO THEM!!!
Thus Karl Marx and others had no idea the Pandora's Box he had
opened. For instance in the 1950's in the United States, due to the
Brainwashing of all the citizens (note not all people fall for this
stuff but those in power WHO PAY OTHERS THEIR WAGES, DEMAND THAT THOSE
WORKING FOR THEM RENOUNCE AND DECLARE THEY HATE THE IDEA OF
COMMUNISM... Since most of these people have no idea what Communism is
they have no problem renouncing it.... IT is like going up to someone
who has never heard of God and telling them that you will pay them as
long as they tell you they dont believe in God.) ... the 1950's in
america had the single biggest (perhaps until today with W Bush)
embarrassment exposing the crooks at the heart of U.S. government.
However Marx, thinking that the beauty of his idea of all men being
brothers and sharing all the wealth was all that was needed, DID NOT
KNOW THAT HE HAD FOCUSSED ALL THE FEAR AND HATRED OF THE CORPORATE
ELITES ON THAT SINGLE IDEA.
Marx could not understand why people were not just accepting his right
idea and turning away from the old concept of "each man for himself law
of the jungle(the underlying idea of capitalism: ie capitalists think
that people must be punished and that is the only way to stop crime...
but to this day most criminals never get caught... Just look in the
whitehouse at the guys who took the world to war based on the lie of
WMD's)
One of the biggest methods used to brainwash people is superstition.
The messages of Jesus, though even deeper than Karl Marx's idea, are
not against Communism...
Rather it is the Perversions of Religion, perversions used to keep
people in fear of God rather than loving God, IT IS THESE PERVERSIONS
OF JESUS'S MESSAGE ... SUPERSTITION!!!.. THAT ARE USED TO MANIPULATE
PEOPLE... THE CORPORATE ELITES KNOW THIS AND HAVE EXTREME INFLUENCE
OVER THE SUPERSTITIOUS MESSAGE BEING PUSHED ON PEOPLE FROM THE
PULPIT--- not all Christian Religion is a perversion of Jesus's message
ONLY THOSE THAT PROMOTE HATE FEAR VENGENCE MATERIALISM etc.... ie this
is most preaching to some degree.
The perversion of the Christian(and other religions which are used in
the same way... SUPERSTITION) message is what frustrated Karl Marx in
his efforts to spread the idea of "sharing all wealth with all people."
Karl Marx at one point said "Religion is the opiate of the masses" The
powers with all the money, with an established order of CLASS BASED ON
MONEY are sorely afraid of this idea of Communism... they of course
then twisted what Marx meant by his utterance about how religion is
used as a SUPERSTITION TO MANIPULATE IGNORANT PEOPLE to say that Marx
was against the Christianity ... but as I have explained COMMUNISM IS
IN FACT A CORE IDEA OF CHRISTIANITY... THE APOSTLES WERE THE FIRST
COMMUNISTS... THEY SHARED ALL MONEY AND WEALTH IN A COMMUNAL LIFE.
The blind hatred of Communism is thus promoted in the Captilist led
countries... and it must be pointed out as well that even countries
that claim to be "Communist" are not... they are simply societies whose
leaders used the beauty of the idea of communism to hypnotize followers
into rebellions in order that dictatorships could be
established... they then maintain leadership claiming they are
communist when they are not(they are just another mask of the
CAPITALIST IDEA. THOSE WITH THE MONEY BEING THOSE WHO ARE TRYING NOT
TO SHARE THEIR WEALTH...thus they become dictatorships... this is a
large degree an explanation of what is going on in China and why the US
Corporate-Elites are now getting along so well with China even though
they used to claim China was the Evil COMMUNISM it never was Communist
only a dictatorship)... this is true of all countries that claim they
are communist.... though some are less of a perversion of communism
than others.
But in the USA the blind hatred of the IDEA OF COMMUNISM was pounded
into american youth from early ages... Of course large segments of
these same children are aware enough to recognise when the system is
trying to brainwash them...for some this even has the reverse effect of
making them study the idea in depth... FOR MOST OF THE YOUNG IT JUST
LEADS TO DEEP CYNICISM OF ALL THINGS THEY SEE IN THE CORRUPT
GOVERNMENT!!! but they are too lazy to look deepy at some of the things
I am talking about here.
This hatred and fear of the idea of COMMUNISM led to the clearly
hypocritcal rise in the McArthyism politics of the 1950's
McArthy and the FBI et al were clearly the real criminals and the
public saw this in overwhelming images... LIARS WERE RUNNING THE SHOW
in the US, "patriotism was a sham"... ie this is a fundamental truth of
a capitalist controlled society that the CORPORATE-ELITES DONT WANT TO
LET PEOPLE KNOW SINCE THEY USE THESE METHODS "Patriotism" and
"Religion"
TO MANIPULATE THE MASSES... so McArthyism quickly (quick in terms
of the grand scale of social change) McArthyism quickly died.
SO WHAT IS WRONG WITH CAPITALISM??? READ AGAIN WHAT I HAVE SAID...
... CAPITALISM IS WHAT IS THE BAD GUY IN THIS BRIEF HISTORY.
But the idea of just becoming COMMUNIST clearly is abused as well...
thus all countries claiming they are "Communist" are nothing more than
dictatorships... dictatorships that were put in power by hyponotizing
people into rebellions motivated and manipulated by the BEAUTY OF THE
IDEA OF COMMUNISM. (in a similar way Bush manipulates people to follow
him by manipulating and perverting the beautiful and powerful idea of
Christianity... until what Bush is peddling is the exact oppostie of
Christianity)
Thus the ideas of Freedom that the US Pilgrims and Settlers came to
amercia to find (Communism would not be invented for a few hundred
years later) needs to embrace the BEAUTY OF THE IDEA OF COMMUNISM ...
COMMUNISM IN THE IDEAL IS A CHRISTIAN WAY OF LIFE!!!
This is why the idea of Socialism came to be(and also why the CORPOARTE
ELITES FEAR SOCIALISM EVEN MORE THAN COMMUNISM)
Socialism is an attempt to bring the idea of sharing of wealth into the
captialist controlled government without a rebellion but simply using
the aparatus of the existing government... BUT MAKING THAT EXISTING
GOVERNMENT BE HONEST... When that government claims it is FOR THE
PEOPLE... then socialism says: "Well lets make sure you are FOR THE
PEOPLE ... AND NOT THAT YOU ARE LYING AND REALLY FOR THE COPRPORATE
WEALTHY CONTROLLERS WHO HAVE ALWAYS MAINTAINED CONTROL OF THE
GOVERNMENT."
What is wrong with Capitalism is that these Rich Privileged wont
comprehend that their belief that they must maintain this state is
hurting them as much as it hurts us all.... Recall that parable of
Jesus to the rich man who said to Jesus "I do follow all the
commandments already but what must I do to go to heaven?" and Jesus
answered "You must give everything you own to the poor and follow me"
and the rich man turned away.
> For instance, if I were one of the super wealthy you refer to, I would
> have several of these:
> http://www.basehead.org/view.php?wallz=4744
Now THAT is cool!
Normally I'd be inclined to ask how much fuel a car like this consumes. But
I suppose a better question is how much raw, spotted-owl-killing
carcinogenic material does it spew into the atmosphere?
Hey, what can I say, I believe in cutting to the chase.
1) Creation of wealth by manufacturing or producing new goods and services
and selling them.
2) Making everyone in your immediate vicinity more impoverished so that you
will become more wealthy relative to everyone else. You can do this without
creating goods and services. If you burn down every house on your block,
except yours, then you are the only perosn with a house and you become rich
by comparison to others.
Now think for a moment about those huge medical bills. The $5 q-tip, the $25
cotton ball, the $50 band-aid.
There was someone who was arrested for selling flashlight batteries for like
$20 a piece after the earthquake in California. They call it profiteering.
So what about Enron ?
If you make less than $50K per year in the US you are just a barnyard
animal.
> People are moving up in class. Period. That's a problem?
Prove it.
> More "people are moving down" as you would say.
Prove it.
A car this sophisticated (how sophisticated I'm not really sure- I
have people that work for me that deal with that shit) can't run on
regular spotted owls like your average sports cars- this baby can only
use highly refined spotted owl pressings, the result of the untimely
demise of thousands- if not hundreds of thousands- of spotted owls.
If you're willing to live with a slight performance decrease, you can
get by using baby seals.