Income of 400 Richest Americans Doubled During Bush Era

Income of 400 Richest Americans Doubled During Bush Era

rawstory.com

During the first six years of George W. Bush's presidency, the average income of those 400 people actually doubled to $263.3 million.

400 Americans saw their income rise nearly 23 percent, and through the first six years of the Bush administration their average tax rate fall by a third.

"The conservative approach of putting big corporations and the very wealthy ahead of the middle class has failed to create prosperity that can be shared by all Americans."

(visit the link for the full news article)

Under Bush the 400 people who needed financial assisstance least out of the ENTIRE country of over 300 million actually doubled thier income & and were required to pay 1/3 less in taxes.

Enough is enough. Lets get this revolution started.
The rich still bleed as we do.


EAT THE RICH! There's only one thing that theyre good for.
-Aerosmith (Eat The Rich)

Anyone who has this much money and claims to need more should be jailed for willfull reckless endangerment... for having money to feed and house millions but they do not.

I am so angry I dont have the words.
There does not exist a curse proper for the damnation of this Oligarchish system.
rawstory.com
(visit the link for the full news article)

[edit on (2/1/09) by AllSeeingI]

History shows that when the gap between the poor and the rich increases, a revolution starts.

I see one day when people will say that this is enough, it's not working for us, we want to change this.

When? I hope soon enough.

You guys in the states will never rise up, your all too interested in buying iced out watches and keeping up with the Jones's and the guy next door, most are dumbed down, self hating, and have low self belief this ensures that you and yours are scared of al-cia-da, when it's your government who you should be scared off, the speed in which this has all moved on since I "woke up" is unreal, world leaders openly calling for a new world order...(cough).I mean new world banking system, and I'm over here trying to open peoples eyes to this and they just want to watch football drink beer and screw around, they don't watch the news because they are so dumb they can't understand what's happening and don't want to get depressed, I've had enough of trying to "wake up the ignorant" cheers Pockets

I would think this calculation does not include the offshore monies that I assume are much more than the reported totals listed

I guess when you suck once,
you are called a C*@7# sucker the rest of your life

I'm certainly not rich, at least I don't feel that way. The government thinks I am though. My income almost doubled in that same timeframe also. It was through hard work, dedication and much personal sacrifice. It's called The American Dream. I'm a bad guy now?

In many cases, these 400 rich individuals are responsible for hiring scores of other people under them. Entrepreneurs undertake much risk, and therefore are capable of reaping great reward. That's wrong? Are you just jealous?

What's wonderful about America, is that, if you wanted, you could be become one of those 400. Have a great idea, a great business plan, and the guts and you could then be successful too. Or you could fail, and lose everything. You rarely hear about the losers.

Remember, a vast number of "taxpaying" Americans don't really pay income tax anyway. How can you give someone a tax cut from taxes they don't pay? A tax cut for the poor is another way of saying, an increase in government handout. If you're going to give ANYone a tax cut, it has to be for the ones who pay the taxes, and in America, it is the rich. The top 1% wage earners in America pay the vast majority of the income taxes. Sounds pretty messed up, huh? What's even more a travesty is different people's definition of "rich".

We all make choices, don't penalize me for making the correct ones.

During that time Michelle Obama's income doubled instantly. From nearly nothing in 2000, to 121,000 in 2002 to $316,962 in 2005 . Is she part of this 'conspiracy'?? Oh wait ... that's the Chicago pay-for-play conspiracy. Nevermind.

Seriously - the OPs story says that their income was raised 23% during the Bush years. So?

My husband works for a major corporation. He's a worker-bee, not a big-wig. Nearly every year the workers get a 4% raise. During 8 years of George Bush that adds up - percentage wise.

What's the problem?

[edit on 2/1/2009 by FlyersFan]

The 21st century Gilded Age party really got going before the U.S. economy went bust.

O.K. ..... you know who they are, what are you going to do about them?

Watch the game and just talk about these "Elite" or........ ?

That's what you call "socialism" for the wealthy. The wealth has been redistributed... to the rich. When a CEO lays off thousands of employees, then distributes million-dollar bonuses to the executives, in addition to their overblown salary, that's redistribution.

Income Distribution in the US:



[edit on 1-2-2009 by Benevolent Heretic]

Originally posted by AllSeeingI


Enough is enough. Lets get this revolution started.
The rich still bleed as we do.


EAT THE RICH! There's only one thing that theyre good for.
-Aerosmith (Eat The Rich)

Anyone who has this much money and claims to need more should be jailed for willfull reckless endangerment... for having money to feed and house millions but they do not.

I am so angry I dont have the words.
There does not exist a curse proper for the damnation of this Oligarchish system.

I agree, people that make 50,000 a year are way richer than people who make 20,000 a year and that sucks! Kill and eat those who make more that 20,000 a year!

No one should own any property as long as there are homeless people.

Everyone should be poor! I'ts the leftwing way

My guess is that the 400 wealthiest people in America did not get there by the sweat off their back, so anyone who reads this and thinks it's jealousy you are mistaken. It is not a personal attack at the guy who busted his balls to make his money. You can talk about risk this, risk that... if you are in the top 400 in America you have no risk. You are set for life.

No one on this board is close to that top 400 (and if you are, geezus krist go find a better way to spend your time with all that money) so don't take the angst towards make the rich richer policies towards you.

No one is suggesting that everyone should be poor.

No one hates you for working hard.

There IS justifiable reasons to be upset that the richest 400 people in America got richer and saw their taxes drop considerably under Bush while the rest of the country is FORCED to deal with lay offs and a failing economy. If you're in the top 400 it doesn't matter in the slightest bit if the dollar tanks, if you lose your job, if the grocery store raises prices on food etc etc...

Realistically, there IS a point when you have all the money you need and it becomes pointless to get any more. If you were on those 400, you could buy a house up front, pay the bills up front (insurance, electric, water, gas, etc etc whatever) in advance say, for the rest of your life... and then if you had just 1 million dollars left to put in a savings account at say 5% interest, you could live the rest of your life with no bills no nothing with a $50,000 income for doing nothing other than being rich. That does not seem so bad when you realize the majority of the world would KILL for a $50,000 a year income just to pay bills/live off of!

I mean really there is no point in defending these top 400, I don't give two craps about how much you loved Bush or the neo-cons or republicans or how much you hate and blame everything on liberals, there is no point.

No one wants to take away your American dream...geesh

When Warren Buffetts secretary pays taxes at a larger percent than he does, something is wrong. Trickle down economics really works.

I agree....Look at Wall Street- They only want money...money that was ours...
The rich corporations that are claiming they need to be bailout are nothing but crooks. I'm firmly with the idea that we need a revolution. The world is run by criminals and we can no longer trust anyone...incomes were doubled for these criminals while all of us struggle to just get by!

How is this still going on behind our backs with no-one noticing?

Originally posted by saturnsrings
When Warren Buffetts secretary pays taxes at a larger percent than he does, something is wrong. Trickle down economics really works.

The real greed is those who do little to create money and depend on those who do create money. The idea that Buffett doesn't pay huge amonts of taxes is pretty dumb.

Originally posted by AceOfAces
I agree....Look at Wall Street- They only want money...money that was ours...
The rich corporations that are claiming they need to be bailout are nothing but crooks. I'm firmly with the idea that we need a revolution. The world is run by criminals and we can no longer trust anyone...incomes were doubled for these criminals while all of us struggle to just get by!

How is this still going on behind our backs with no-one noticing?

Those in Third World contries that have nothing should come to America and kill all of us becuse we are filty rich compared to them. Even the so called poor in America are richer than most of the people on this planet.

Poverty for all! the leftwing way! Yeah!

[edit on 1-2-2009 by gdeed]

Originally posted by gdeed
The real greed is those who do little to create money and depend on those who do create money.

Exactly. Those who sit in their million-dollar office and push money around all day and get paid obscene wages plus billions in bonuses are the real greedy ones. This is what we're saying.

The "workers" - who actually produce a product, who get up every day and go to work and stand on their feet, use their bodies, get dirty, WORK HARD to create a PRODUCT, and get 2 weeks off a year for their trouble - are the REAL backbone of this country. They are the ones making our cars and trucks, our homes, our cosmetics, our computers and electronics, our food, clothing and everything we need to live! And they should be better recognized for it.

People who "move money" are doing NOTHING for this country. They're just making money for themselves and their friends.

Originally posted by gdeed

Originally posted by saturnsrings
When Warren Buffetts secretary pays taxes at a larger percent than he does, something is wrong. Trickle down economics really works.

The real greed is those who do little to create money and depend on those who do create money. The idea that Buffett doesn't pay huge amonts of taxes is pretty dumb.

Reading comprehension a problem? I didn't say Buffett doesn't pay a huge amount of taxes. I said, he pay taxes at a percent that is less than his secretary does. Again, there is something fundamentally wrong with this.

Originally posted by Benevolent Heretic

Originally posted by gdeed
The real greed is those who do little to create money and depend on those who do create money.

Exactly. Those who sit in their million-dollar office and push money around all day and get paid obscene wages plus billions in bonuses are the real greedy ones. This is what we're saying.

The "workers" - who actually produce a product, who get up every day and go to work and stand on their feet, use their bodies, get dirty, WORK HARD to create a PRODUCT, and get 2 weeks off a year for their trouble - are the REAL backbone of this country. They are the ones making our cars and trucks, our homes, our cosmetics, our computers and electronics, our food, clothing and everything we need to live! And they should be better recognized for it.

People who "move money" are doing NOTHING for this country. They're just making money for themselves and their friends.

I have earned my living with the sweat on my back too because I haven't chosen to work with the sweat of my mind. My choice. Those who think that using the brain is easier that using the body are not using their brains. Creating money is not as easy as it seems, it if was we would all be rich.

Soon it may not be our choice how we earn a living, the leftwing will choose for us. Yeah! poor and sweat for all! Until we die

Originally posted by saturnsrings

Originally posted by gdeed

Originally posted by saturnsrings
When Warren Buffetts secretary pays taxes at a larger percent than he does, something is wrong. Trickle down economics really works.

The real greed is those who do little to create money and depend on those who do create money. The idea that Buffett doesn't pay huge amonts of taxes is pretty dumb.

Reading comprehension a problem? I didn't say Buffett doesn't pay a huge amount of taxes. I said, he pay taxes at a percent that is less than his secretary does. Again, there is something fundamentally wrong with this.

Yeah there is somthing fundeamentally wrong when someone pays millions in taxes every year and is hated for it, and someone that pays 200 dollars in taxes every year is a peach in everyone's eyes. Give me a break!

Stalin and Castro hated those that made money too, and they made everyone poor. Yeah, eat the rich and make everyone poor! That's the leftwing way!

reply to post by gdeed
I believe the right wing has done a fine job of deciding what we do for a living, and sadly, millions are doing nothing at the present time, myself included.