Thursday, February 21, 2013

Representation without y'know representation

Democratic government works swell, as long as it excludes those filthy commoners.
The new study was performed by Thomas Hungerford of the non-partisan Congressional Research Service. Though the study is not a CRS product, Hungerford’s data is widely cited on both sides; he’s an impeccably objective analyst.

Here’s what Hungerford found: The single greatest driver of income inequality over a recent 15 year period was runaway income from capital gains and dividends.
This, of course, is exactly what the Democrats are arguing in supporting closing loopholes and benefits the richest American's get in their taxes.

It is the opposite of what Boehner and the GOP wants.  After all, for the only people that apparently matter, it's been one hell of a recovery.
When you look at the economic recovery's first two years, the top one percent (which by 2011 meant any household making more than about $367,000) captured 121 percent of all pre-tax income gains.
So by all means use the "dream policy" of austerity to keep those rich people in velvet and the rest of us in burlap.

It's what modern American democracy is all about.

[cross-posted at Firedoglake]


StonyPillow said...

Burlap? Somebody got a raise.

StonyPillow said...

Burlap? Somebody got a raise.

Anonymous said...

And to add a little insult to injury, the one percenters tend towards the exact opposite of the old line about the Lone Ranger, i.e., "we never got a chance to thank him." Instead, they demand more or less constantly that we praise them for being job creators...and when they blow up the global economy, how dare we suggest they cut the annual bonuses to no more than a half million dollars.

How impudent of us...

pansypoo said...

the party that crashed the economy DOESN'T GET TO 'FIX' IT!