Painful truth

Lily

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"This 42-year-long process, with Reagan’s original massive tax cuts amplified by trillions more in tax cuts for the morbidly rich from the George W. Bush and Donald Trump administrations, has produced a $50 trillion transfer of real wealth from the middle class to the top 1%.

You read that right: they’ve taken $50 trillion dollars out of our pockets over the past 40 years and stashed it in their money bins.

When Reagan was elected there wasn’t a single billionaire in America; now they’re appearing like popcorn, while all around us homelessness spreads like a relentless fungus, destroying the lives of millions of Americans — particularly millennials.

The bottom line, my dear millennial friends, is that you’ve been had by the GOP.

And now that Republicans have handed all that money over to the top 1% — and five Republicans on the Supreme Court ruled in Citizens United that billionaires and corporations owning politicians isn’t corruption or bribery but “free speech” — its getting harder and harder to do anything about it.

Every time any sort of reform — even modest, reasonable reforms — come before Congress, a united block of Republicans in the Senate haul in another billion dollars in campaign contributions and Mitch McConnell and his friends kill it in the Senate.
" -the hartmann report
 

The Atomic Punk

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Came across this example of sniveling from a suggested thread......@LotusBud Lily sounds pissed!

What Lily left out was the transfer of wealth that occured during the bailouts and raids on working class Americans that lost thier retirement savings to the likes of the UAW during the Obama Administration Boy that sure stung everday people in the 99% range.

Brought to you by.........Clinton era regulation mandating morgage lending to low income folk that turned to devastating payments once the terms let the interest bloom......can you say "predatory lending".......I thought you could.

Lets also consider where Clintons last giveaway would be for banks to leverage these morgage holdings to back thier investment activities in 1999.......ole Slick Willie's parting gift that would reap millions for himself as these institutions donated to the Clinton Foundation in the future......but boy the money made before the bust.

The reality is the number of billionaires increased by 450% in the Clinton Era vs 250% in the 22 years since........much of that through the tech era.......real earnings and wealth through building something.......and people willing or able to take risks in investing.

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How about billions siphoned off each year from the American taxpayers and handed to people who do nothing for it....other than show up with thier hand out..........thank you Joe Bidumb.

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The reality is......adjusted for inflation wealth has existed back to the 1800s that rivaled billionaires wealth today.......thats way before the Reagan Era.

But as always you need to identify a point to blame Conservatives for things that both sides of the swamp are responsible. You need to do that don't you to hide the hollowness inside and powerless nature you exhibit.

Can you provide an example of this?

"You read that right: they’ve taken $50 trillion dollars out of our pockets over the past 40 years and stashed it in their money bins."

Like Solyndra right?.......$500M in one shot.

Keep thinking its just Republicans, capitalism and tax law......thats what the MSM is there to do......convince you of it.......but you're used to being told what to think.

Sad


"This 42-year-long process, with Reagan’s original massive tax cuts amplified by trillions more in tax cuts for the morbidly rich from the George W. Bush and Donald Trump administrations, has produced a $50 trillion transfer of real wealth from the middle class to the top 1%.

You read that right: they’ve taken $50 trillion dollars out of our pockets over the past 40 years and stashed it in their money bins.

When Reagan was elected there wasn’t a single billionaire in America; now they’re appearing like popcorn, while all around us homelessness spreads like a relentless fungus, destroying the lives of millions of Americans — particularly millennials.

The bottom line, my dear millennial friends, is that you’ve been had by the GOP.

And now that Republicans have handed all that money over to the top 1% — and five Republicans on the Supreme Court ruled in Citizens United that billionaires and corporations owning politicians isn’t corruption or bribery but “free speech” — its getting harder and harder to do anything about it.

Every time any sort of reform — even modest, reasonable reforms — come before Congress, a united block of Republicans in the Senate haul in another billion dollars in campaign contributions and Mitch McConnell and his friends kill it in the Senate.
" -the hartmann report
 

Admin.

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Came across this example of sniveling from a suggested thread......@LotusBud Lily sounds pissed!

What Lily left out was the transfer of wealth that occured during the bailouts and raids on working class Americans that lost thier retirement savings to the likes of the UAW during the Obama Administration Boy that sure stung everday people in the 99% range.

Brought to you by.........Clinton era regulation mandating morgage lending to low income folk that turned to devastating payments once the terms let the interest bloom......can you say "predatory lending".......I thought you could.

Lets also consider where Clintons last giveaway would be for banks to leverage these morgage holdings to back thier investment activities in 1999.......ole Slick Willie's parting gift that would reap millions for himself as these institutions donated to the Clinton Foundation in the future......but boy the money made before the bust.

The reality is the number of billionaires increased by 450% in the Clinton Era vs 250% in the 22 years since........much of that through the tech era.......real earnings and wealth through building something.......and people willing or able to take risks in investing.

Please, Log in or Register to view URLs content!

How about billions siphoned off each year from the American taxpayers and handed to people who do nothing for it....other than show up with thier hand out..........thank you Joe Bidumb.

Please, Log in or Register to view URLs content!

The reality is......adjusted for inflation wealth has existed back to the 1800s that rivaled billionaires wealth today.......thats way before the Reagan Era.

But as always you need to identify a point to blame Conservatives for things that both sides of the swamp are responsible. You need to do that don't you to hide the hollowness inside and powerless nature you exhibit.

Can you provide an example of this?

"You read that right: they’ve taken $50 trillion dollars out of our pockets over the past 40 years and stashed it in their money bins."

Like Solyndra right?.......$500M in one shot.

Keep thinking its just Republicans, capitalism and tax law......thats what the MSM is there to do......convince you of it.......but you're used to being told what to think.

Sad
Fuck off and die, soon.
 

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@LotusBud .......does our little bedwetter seem pissed?

Seems like the expected answer from a person without the means to form a logical response or who hasn't been told what to think
8zcvif.jpg


"I'll buy you a used car for a good pegging!"
 

The Atomic Punk

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One thing is for sure......Bidumbs Administration, it's policies, and financial plan is no friend of Millionaires

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Look......it's the darling of the Left front and center representing Millionaires
 

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One thing is for sure......Bidumbs Administration, it's policies, and financial plan is no friend of Millionaires

Please, Log in or Register to view URLs content!

Look......it's the darling of the Left front and center representing Millionaires
Fucking idiots gonna fucking idiot!

:LOL: :LOL: :LOL: :LOL:


The Dow Jones is well over DOUBLE What dumb fuck Donnie left it at, you stoopid fat fuck.
 

Reggie_Essent

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You read that right: they’ve taken $50 trillion dollars out of our pockets over the past 40 years and stashed it in their money bins.

Hold my beer. Atomic Punk.

Lily,
Please define for me what YOU think Thom Hartmann means by and how he defines the word "our" in the above quote?

I can kind of guess how you define that word, seeing as how you worked most all of your life in "Public Service" and were paid with monies that were first confiscated through taxation from the productive in society for whatever do-nothing government job you had.

I daresay that in your entire career as a "Public Servant," on the taxpayer payroll, you never once produced a single thing of value that anyone would pay a dime for at a garage sale.

So I can see how you might think other people paying less taxes takes money out of "your" pocket. But it doesn't take anything out of mine. So please define for me what you think Hartmann meant by the word "our" in the above quote?

Thanks for your time and consideration.

Reggie
 

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While real wages have increased since the 1960s, the rate of growth has slowed significantly compared to GDP growth. Here's a breakdown of the trends:
  • Real wages
    From 1964–1975, real wages grew annually by 1.18%, but have since slowed to 0.54% per year. In 2023, the median worker's real weekly earnings grew 1.7%.
  • GDP
    Between 1960 and 2023, the US GDP averaged $8,536.37 billion, with an all-time high of $27,360.94 billion in 2023.
  • Productivity
    Hourly output per worker has grown at a rate of 0.9% annually, which is faster than hourly compensation. Between 1979 and 2020, net productivity increased by 61.8%, while hourly pay for typical workers only grew by 17.5%.
  • Wage growth
    From 1960–2024, US wages increased by an average of 6.18% per year, with a high of 15.28% in April 2021. In June 2024, wages rose by 4.72% compared to the previous year.

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LotusBud

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Hold my beer. Atomic Punk.

Lily,
Please define for me what YOU think Thom Hartmann means by and how he defines the word "our" in the above quote?

I can kind of guess how you define that word, seeing as how you worked most all of your life in "Public Service" and were paid with monies that were first confiscated through taxation from the productive in society for whatever do-nothing government job you had.

I daresay that in your entire career as a "Public Servant," on the taxpayer payroll, you never once produced a single thing of value that anyone would pay a dime for at a garage sale.

So I can see how you might think other people paying less taxes takes money out of "your" pocket. But it doesn't take anything out of mine. So please define for me what you think Hartmann meant by the word "our" in the above quote?

Thanks for your time and consideration.

Reggie
You'd see the effects if suddenly there were no public roads, bridges, police departments or other law enforcement (yeah, you know, people could steal your shit with impunity), military, prisons, libraries, national or state parks, water departments, fire departments, schools, laws or governments of any sort, the crucial handling of waste, or any of the other things that taxpayer dollars go to, you complete and utter moran.
 
Last edited:

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You'd see the effects if suddenly there were no public roads, bridges, police departments or other law enforcement (yeah, you know, people could steal your shit with impunity), military, libraries, national or state parks, water departments, fire departments, schools, laws or governments of any sort, or any of the other things that taxpayer dollars go to, you utter moran.
Getting fired from the government for being a top shelf fuck up, led him to believe his shortcomings are the fault of others.
 

LotusBud

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Getting fired from the government for being a top shelf fuck up, led him to believe his shortcomings are the fault of others.
I am just so amazed that these fucking tools think a country with no taxation and no government would be a place where anyone would want to live. Bunch of fucking fuckwits.
 

The Atomic Punk

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For the casual reader.........some valid information regarding the policies enacted to lead the country out of the dismal economic state of the late 1970s


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I reference Wikipedia because its hardly a conservative source lest you queef and piss yourselves over the information provided in the citation

From the one reference

Economic gains​

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  • Unemployment fell from 7.5% in 1981 to 5.4% in 1989 after peaking at 10.8% in 1982.
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  • Inflation fell from 11.8% when Reagan entered office to 4.7% when he left.
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  • The US
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    grew by 16.8% from 1980 to 1989.
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Economic costs​

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  • The US Federal Tax Revenue as % of the GDP decreased from 18.5 to 17.4 from 1980 to 1990.
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  • The
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    increased from $74 billion in 1980 to $221 billion in 1990.
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  • The budget deficit as a % of GDP increased from 2.6% in 1980 to 2.7% in 1989.
  • The national debt as a percentage of GDP increased by 62% from 30.9% in 1981 when Reagan took office to 49.9% when he left.
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  • Median real wages dropped by 0.6% by 1990, as compared with 1980.
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The sad part is that as badly as Carter failed the American citizens in the 70s, he is hoping to be alive to vote for an even less qualified loser Harris.

I am just so amazed that these fucking tools think a country with no taxation and no government would be a place where anyone would want to live. Bunch of fucking fuckwits.

You'd see the effects if suddenly there were no public roads, bridges, police departments or other law enforcement (yeah, you know, people could steal your shit with impunity), military, prisons, libraries, national or state parks, water departments, fire departments, schools, laws or governments of any sort, the crucial handling of waste, or any of the other things that taxpayer dollars go to, you complete and utter moran.
Once again @LotusBud does not surprise us by conflating the issue at hand.....tax cuts vs taxation.......@Lily must be shaking it's head

From the first quote......which fucking tool suggested anything about no taxation?

Regarding the second quote, it's post addresses something it changed the discussion to include .........taxation as a whole after being reminded it made a living off public trough from the tax money collected by taxpayers. Funny it mentions law enforcement in a political environment that seeks to defund and diminish protection available to the public. Funny it suggest people could steal your stuff with impunity........isn't that what is going on now in major cities throughout the US?

Either it is simply out of touch (which will happen when you flee the country) or it is an utter moron.
 

Seamajor

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Hold my beer. Atomic Punk.

Lily,
Please define for me what YOU think Thom Hartmann means by and how he defines the word "our" in the above quote?

I can kind of guess how you define that word, seeing as how you worked most all of your life in "Public Service" and were paid with monies that were first confiscated through taxation from the productive in society for whatever do-nothing government job you had.

I daresay that in your entire career as a "Public Servant," on the taxpayer payroll, you never once produced a single thing of value that anyone would pay a dime for at a garage sale.

So I can see how you might think other people paying less taxes takes money out of "your" pocket. But it doesn't take anything out of mine. So please define for me what you think Hartmann meant by the word "our" in the above quote?

Thanks for your time and consideration.

Reggie
This is funny coming from a guy who lives in the arm pit of the country, who can’t afford healthcare. Just another Merican loser
 

Garraty_47

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Over-reliance on government-provided statistical data is problematic, especially when it comes to issues related to the economy. It's been shown over and over that the formulae used to arrive at numbers like the unemployment rate are massaged and reconfigured to hide the true numbers and give an "optimistic" outcome that's only useful as a talking point in political campaigns.

In other words... propaganda.

Concepts like the GDP or "average" income estimates also fail to contextualize the real effects of historic income inequality. If the obscenely rich are taken out of the equation the "average" household income drops dramatically.

Any so-called civilization that bases its success on how well the top 1% is doing instead of how all of its citizens are experiencing the society is being run by greedy psychopaths and deserves to fail.
 

Seamajor

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LotusBud

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For the casual reader.........some valid information regarding the policies enacted to lead the country out of the dismal economic state of the late 1970s


Please, Log in or Register to view URLs content!

Please, Log in or Register to view URLs content!

I reference Wikipedia because its hardly a conservative source lest you queef and piss yourselves over the information provided in the citation

From the one reference

Economic gains​

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  • Unemployment fell from 7.5% in 1981 to 5.4% in 1989 after peaking at 10.8% in 1982.
    Please, Log in or Register to view URLs content!
  • Inflation fell from 11.8% when Reagan entered office to 4.7% when he left.
    Please, Log in or Register to view URLs content!
  • The US
    Please, Log in or Register to view URLs content!
    grew by 16.8% from 1980 to 1989.
    Please, Log in or Register to view URLs content!

Economic costs​

Please, Log in or Register to view URLs content!

  • The US Federal Tax Revenue as % of the GDP decreased from 18.5 to 17.4 from 1980 to 1990.
    Please, Log in or Register to view URLs content!
  • The
    Please, Log in or Register to view URLs content!
    increased from $74 billion in 1980 to $221 billion in 1990.
    Please, Log in or Register to view URLs content!
  • The budget deficit as a % of GDP increased from 2.6% in 1980 to 2.7% in 1989.
  • The national debt as a percentage of GDP increased by 62% from 30.9% in 1981 when Reagan took office to 49.9% when he left.
    Please, Log in or Register to view URLs content!
  • Median real wages dropped by 0.6% by 1990, as compared with 1980.
    Please, Log in or Register to view URLs content!
The sad part is that as badly as Carter failed the American citizens in the 70s, he is hoping to be alive to vote for an even less qualified loser Harris.




Once again @LotusBud does not surprise us by conflating the issue at hand.....tax cuts vs taxation.......@Lily must be shaking it's head

From the first quote......which fucking tool suggested anything about no taxation?

Regarding the second quote, it's post addresses something it changed the discussion to include .........taxation as a whole after being reminded it made a living off public trough from the tax money collected by taxpayers. Funny it mentions law enforcement in a political environment that seeks to defund and diminish protection available to the public. Funny it suggest people could steal your stuff with impunity........isn't that what is going on now in major cities throughout the US?

Either it is simply out of touch (which will happen when you flee the country) or it is an utter moron.
I'm not conflating tax cuts and taxation, you moran. I know the difference. You idiots are forever whinging about taxes. You think that's the only thing that matters. You do not know what you are taking about. You are looking at shit like GDP, which tells us nothing about the plight of the average American worker or the dissolution of the middle class. That has simply gotten worse, decade after decade. And low corporate taxes in the US are a disgrace. Wikipedia, btw, is not a reliable source, no matter what side of the aisle you're kowtowing to.
 

Seamajor

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Seamajor

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