Redistribution of Wealth: In the 1970s, the average CEO took home 40 times more than the average worker. Today, they take home 350 times more! And it doesn't "Trickle Down": With less to spare, people earning less than $25k gave 4.2% to charity; those earnings more than $75k gave 2.7%.
Carter: 42% debt increase Reagan: 189% debt
increase with tax cuts for the rich that G.H.Bush called "Voodoo Economics!" Clinton: 36% debt increase Bush: 89% debt increase
with tax cuts for the rich and 54% of your paycheck tax spent on military -- as much defense spending as the rest of the world combined!
Income of top
1% increased 281% since
1979. Spiked
since 2002!
Avg. Middle Class Family Tax = 4.6 %
-- lowest in 50 yrs! Yet, the NY Times reports:
"Grass-roots anger is being channeled and exploited by corporate interests... same formula the right has used for a generation... whip up the base; then, when the election is over, give priority to the concerns of corporate donors"
The top of the pyramid got the bottom right to shout about government taking over Big Business, but the OPPOSITE has already happened! Big Biz spent over 3 billion dollars lobbying Congress in '09!
Fact: The top 1% of America's financial wealth pyramid are richer than the bottom 95% combined!