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GOOD GRIEF! The wealthiest 1% now hold more financial assets than the bottom 90% of Americans combined. Just the richest 400 Americans have more wealth than 155 million Americans combined—50% of the population.
HEROES have lost $5 trillion from their pensions and savings since the economic crisis began, plus $13 trillion from the value of their homes. Add to that the trillions paid to VILLAINS in the bailout, which is now being loaned back to us at interest.
In 2004, the last year data on this was compiled, U.S. multinational corporations paid roughly $16 billion in taxes on $700 billion in foreign active earnings—putting their tax rate at around 2.3 percent.
In the last 30 years, the American Dream has grown increasingly out of reach for more and more people—unless they don’t live in America. Today a poor child born in Germany, France, Canada, or one of the Nordic countries has a better chance of joining The Middle Class in adulthood than a child born poor in America! Take THAT you cheese-eating socialists!
Thirty years ago, CEOs like THE MAN were paid around 78 TIMES more than minimum wage earners. Thanks to THE JUST US LEAGUE, today’s CEOs earn over 4000 TIMES more! They can make more in one year than AVERAGE EARNERS (not the lowest) make in 90 years! They’re that good.
In 2005, the bottom 20 percent of household earners had an average income of $10,655 while households in the top 20 percent made nearly 160,000—a disparity of 1,500 percent, the highest gap ever recorded. If Americans maintained the same income distribution we had in the 1970s, the AVERAGE member of The Work Force would earn at least three times as much as they do today — about $120,000 instead of today’s $40,000 average. Where did the income go? It didn’t disappear like FANTASMA. It went to the top 5%.
PERSONAL DEBT PRISONS have expanded from 65% of income in 1980 to 125% today, thanks in part to PLAZTIK (the self-described “Necessary Evil”).
Households with incomes of $1 million or more receive an annual benefit of about $170,000 EACH from policies that reward ASSET-BUILDING. MEANWHILE… The poorest one-fifth of households receive about $3 EACH from those same policies.
America is the richest nation in history, yet we have the HIGHEST POVERTY RATE in the industrialized world! A stunning 50% of U.S. children will be fed using food stamps at some point in their childhoods, and 60% of Americans live paycheck to paycheck.
As WONDER MOTHER points out, more than 160 nations on Earth guarantee PAID MATERNITY LEAVE—but not the USA! The only other nations that don’t are Papua New Guinea, Swaziland, and Lesotho. Paid family leave has been shown to reduce infant mortality by as much as 20% (the USA ranks 37th in infant mortality worldwide).
America’s states faced a cumulative budget gap of $166 billion for fiscal 2010. We spent $182 billion to bail out AIG. Thus, the AIG bailout alone would be more than enough to close the 2010 budget gap in every state in the Union.
New jobs needed per month just to keep up with population growth: 127,000.
Jobs needed to gain pre-2008 unemployment levels: Over 10 million.
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