Income of 400 Richest Americans Doubled During Bush Era

Deceased Senator Louis Mcfadden of anti Federal Reserve fame also headed an investigation on the distribution of wealth in the US (around 1930). His report was printed and distributed in the middle of the night. Within 1 hour of the printing/distribution the presses where stopped and the trucks recalled. The bottom line was 13 families owned over 80% of the wealth at that time. -- 400 Richest American Families tend to not include the really, really wealthy who don't want to be on such lists. But if you look into the CaFR1 stuff -- the collective US governments owns most of the wealth. On the other hand since there have been something like 9 bankruptcies of the "US Government" the fraud has put all of the assets of the country including the "Citizens" (fictional strawman) as collateral for the fake debt. So by that reasoning (so called) the Vatican pretty much owns everything those 400 people think they own and everything else.

Originally posted by ReelView
Deceased Senator Louis Mcfadden

There where two assasination attempts on him that failed.

Presidents Linclon and Kennedy signed executive orders to dump the Fed Res. and start controlling the money out of the Govt. Treasury like it is suppose to be.
They both did this just a couple of weeks before they died. Were are all the conspiracy people on this?

The 16th was never properly rattified either.

I found a place where the families are listed for whom owns the Fed. Res.
I dig it up and paste it.


[edit on 1-2-2009 by j2000]

reply to post by AllSeeingI


"Bush administration tax cuts that benefit the wealthy will expire by 2011, unless extended or made permanent by Congress and the president."

I think we can count on President O to put an end to that!

XOxo~D

reply to post by danielsil18


"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."

It already happened, Nov. 4th, 2008
XOxo~Drea

reply to post by ImaNutter


WELL SAID ImaNutter!
I made less than twenty thousand last year and I worked just as hard or harder than those 400 did for my pathetic nickels!

All I want is a living wage. My dream of having a house to call home one day is nothing more than just that, a dream.

XOxo~Drea

Originally posted by AllSeeingI

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)

The source is a very biased, liberal slanted view. Under Bush, becuase everyone was getting so rich, tax revenue increased dramatically. Additionally, the middle class pays less than 10% of all taxes, meanwhile the top 10% of wage earners in this country pay nearly 80% of all our taxes...Something the source intentionally overlooks. I would say the middle class has never had it better...

Who really owns the FED? The Rothschilds of London and Berlin; Lazard Brothers of Paris; Israel Moses Seif of Italy; Kuhn, Loeb and Warburg of Germany; and the Lehman Brothers, Goldman, Sachs and the Rockefeller families of New York.

The FED is the only for-profit corporation in America that is exempt from both federal and state taxes? The FED takes in about one trillion dollars per year tax free! The banking families listed above get all that money. Forty cents in every dollar of US taxes.

There have been three central banks in the nation's history. The first two, while deceptive and fraudulent, pale in comparison to the scope and size of the fraud being perpetrated by the current FED. What they all have in common is an insidious practice known as "fractional banking."


Here is a good link with how it all started.

Link

Originally posted by Drea2up


I think we can count on President O to put an end to that!

This seems to be the general view held by liberals... You people are setting yourselves up for a huge let down.

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.


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

Individuals who feel that there is such a concrete "Oligarchist" System lurking in America, need to and should travel around the world in order to form a more Relative Perspective.

The United States of America is one of the FEW places in the world where anyone and everyone can move up the "Hierarchy" of Society at their own Free Will. You can become "Upper Class", or at the very least Successful as you wish, and the only factors holding one back are their Initiative and Planning (Sometimes Circumstance as well).

To create this idea of "Down With The Rich" is to engage in a HIGHLY Dangerous Precedence of "Class Warfare", and thus Communist Ideology. The Rich have just as much a right to keep their money as ANYONE else. The only structure and enforcement which we should go after however, are issues such as "Golden Parachutes", and the EXTREME Wage Differences currently present between CEOs/Board Members, and their Employees.

Aside from these Specifically Aforementioned Issues, the Wealthy should not be treated any different than your Average Citizenry; and in fact, the two Aforementioned issues are only present because by addressing them, we are in fact assuring that the Wealthy ARE being treated the same as the Common Citizenry.

I DO agree however that we all too often find Politicians running this Nation, and Representing us, who have become Corrupt and Completely Out of Touch with the Common Citizenry. For one, I believe that we can solve this issue by placing Consecutive Term Limits Upon Congress, of both the Upper and Lower Houses.

reply to post by West Coast


Has your income doubled?

Mine certainly hasn't, in the mean while the dollar shrinks and shrinks.

So the OP may fail to recognize your perspective - you fail to recognize that many people who are in fact the engine of the economy are falling behind.

If the majority of people cannot contribute more ( blood from a stone ), how can anyone expect this to get better?

Now if middle class income had just had six years of unbridled growth and we found our selves in this current mess you would have a leg to stand on.

Unfortunately, as we can now OBSERVE what is good for the Billionaires is not good for the engine.

Did they just not have a extraordinary go at it?

HOW IS THE ECONOMY DOING???----???

Can we agree that this mess occurred after eight years of VERY CONSERVATIVE tax code and policy...?


Lower corporate taxes more -

further reduce regulation and oversight-

That being said how can anyone prescribe a remedy that seems to have caused the
illness at hand?

Originally posted by The Bald Champion
reply to post by West Coast

 

Has your income doubled?

Mine certainly hasn't, in the mean while the dollar shrinks and shrinks.

So the OP may fail to recognize your perspective - you fail to recognize that many people who are in fact the engine of the economy are falling behind.

If the majority of people cannot contribute more ( blood from a stone ), how can anyone expect this to get better?

Now if middle class income had just had six years of unbridled growth and we found our selves in this current mess you would have a leg to stand on.

Unfortunately, as we can now OBSERVE what is good for the Billionaires is not good for the engine.

Did they just not have a extraordinary go at it?

HOW IS THE ECONOMY DOING???----???

Can we agree that this mess occurred after eight years of VERY CONSERVATIVE tax code and policy...?


Lower corporate taxes more -

further reduce regulation and oversight-

That being said how can anyone prescribe a remedy that seems to have caused the
illness at hand?

My point is... Its not working for our country.

The wealthy have just had a good run. Good for them.

HOWEVER

This good run also directly correlates to a disaster in US economics.
After a very pro rich government has been in power.

I do not want to punish anyone... But I do not want my country to die in order to create
limited success for a few.

Do you blame me?

Anyone?

Originally posted by TheAgentNineteen

Originally posted by AllSeeingI
The only structure and enforcement which we should go after however, are issues such as "Golden Parachutes", and the EXTREME Wage Differences currently present between CEOs/Board Members, and their Employees.

Aside from these Specifically Aforementioned Issues, the Wealthy should not be treated any different than your Average Citizenry; and in fact, the two Aforementioned issues are only present because by addressing them, we are in fact assuring that the Wealthy ARE being treated the same as the Common Citizenry.

I DO agree however that we all too often find Politicians running this Nation, and Representing us, who have become Corrupt and Completely Out of Touch with the Common Citizenry. For one, I believe that we can solve this issue by placing Consecutive Term Limits Upon Congress, of both the Upper and Lower Houses.

I agree with much you have said -

But I hope you can see some merit in some regulation as well.

The fact is many of the entities that have created this mess - less the government-

were allowed to loan $2b with a capital base of $100m

Thus recieving intrest for loans that did not exist in actual capital.

Thats akin to painting a PINTO, slaping a half ass peace sign on it and selling it as a MERCEDES.

I can't loan $2,000 dollars if I only have $100 now can I - Why can the banks?

tax workers 1/3 of pay ... tax business owners 15pct think about it 300/30pct = 200ish tax 20k/15pct.... risk nothing most businesses cheat to make there way to the big time we work our ass off to live ...... sure they pay more ... but they make a rediculous amount more

Alot of this has to do with a general Bush stance on how the government should operate. Basically, that consisted of a Bush-administration willing to transfer power/authority from the public sectory (government) to the private sector (corporations). All you have to do is look at companies like Blackwater.. It wasn't that companies weren't out there before willing to provide the kind of services Blackwater provides. It was simply the decision making of those in power to dump huge sums of money into private contractors that made the industry so successful over the last decade.

Contracting is designed to interface with the government in such a way that companies can make alot of money really fast (with a varying level of financial investment/overhead required). The risk involved always varies just depending on what type of contract you're talking about.. But because of this, and because the government is now dumping out immense sums of money into the private sector that weren't there before, the money is basically circulated back into the economy which helps economic progress. People also become wealthy/rich and can pay their employees alot of money (which also circulates money back into the economy).

Hence, you end up with a bustling billion/trillion dollar contracting industry that didn't really exist just a few years ago (at least not like it does today).

Now, we have the "buy america" legislation that is going to require all contractors to buy american-made products which will also help economic growth here at home. The problem is that alot of american companies have spread their wings into overseas territory (for example, briggs & stratton and Hilti now have big production plants in China). This creates somewhat of a grey area on how the legislation is supposed to work.. But I'm sure it's probably still legal to buy from those companies as long as it is for products being built/produced in the U.S..

Of coarse, certain companies already have millions of dollars invested in moving their efforts overseas to save money. So if Hilti makes certain fasteners or something in China that they don't here, american contractors (particularly those working on government contracts) are forced to look elsewhere for those same kind of fasteners.

One problem is this.. What construction contractors would normally buy to maintain their work at a specific level of quality, they may or may not be able to buy those products anymore. They may be forced to buy American-made products which might not be designed or produced with the same level of quality as they would in , say, Germany or Switzerland or something. Because of that we are basically "biting the bullet" to put money back into American industry to stimulate the economy under the new "buy american" legislation (not sure what the current status of that legislation is yet but the europeans are obviously pretty pissed off about it).

I, myself, work for a contractor on a military installation and I am happy that I do (honestly).. It is an exciting job filled with all kinds of varying challenges that make the job interesting and I couldn't ever imagine working with a better, more skilled group of people.

It's about to get alot better too, primarily, because of the huge increases in infrastructure spending under the new Obama administration. The amount of annual government dollars going into military facilities alone is supposed to triple and/or quadruple over the coming years.(via what a little bird told me a few days ago)..That is huge.. But I also understand that not everyone has been so lucky.. The job losses are going to continue and the unemployment rate is going to rise significantly over the next year or two.

-ChriS

[edit on 2-2-2009 by BlasteR]

Originally posted by starcraft
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.

Since you opened the door I'd like to say that yes. Yes. You are the bad guy. You and all who think like you. Your "DREAM" is one that has been packaged and sold by the likes of the very individuals you hope to someday be.

And in your dreamland you fancy yourself as justified because they give people jobs and take great risks and suffer great losses. What you don't hear is how they really earned their jobs and really earned their money. And if you are implying that those who don't pay taxes while the top heavy get top heavier, then let me tell you that the income tax, or Withholding tax, or whatever it used to be called was only supposed to fund the operation of necessary government function, not the beauracracy and subbeauracracy of it's supporting organization's and program's, that was supposed to be left to free market.

Capitalism uncapped is the antithesis to democracy, they do not go hand in hand. And a Republic where you are not adequately represented is a sham doomed to fail. And to think that deserve has anything to do with balance on an unfeeling scale which is grossly untipped to favor the traffickers of the psycho addiction of the day while getting rich off of fighting their very own trafficking, is an outrage. These same Drug Lords are the drug Czars who pay for Anti drug Campaigns. These Same Terrorist Sponsors are the Self Same Terrorist Pursuers.

Bums are rich begging for money, not hungry begging for food.

And as to these so called entrepeneurs, they are privatized out of obligation to their benfactors. Privatization was never supposed to happen. Public business is what this country was about. And as to The American Dream, why was Preston Bush found to be a traitor and his activities and many like him like the Hunt family, etc. entered into the Congressional Record while the Privatized Public Media said nothing, and the the President so outpowered by these wealthy idols of yours that he not only did not convict them as traitors, but, pardoned them and buckled under to the New Deal that Republicans love so much which created the Tax System and the Federal Reserve, then that wealth went on to let the families kid's go on to control this Country and use the Fed and the Tax system to Nationalize, everything, while the liberals like Obama push to Socialize everything, and so we Get National Socialism, which is exactly what Nazi Germany was.

And with that in mind, all this Privatizing, Nationalizing, and Socializing is conducted under these wealthy benefactors entrepeneurial financing of many organizations and programs under the header of SS or NS both of which are Nazi German funded, membered, and/ or oriented programs and services.

Even Social Security was first sold as for medical numbers only, read the pamphlets and materials they put out in the 60's, now you can't do anything without it. And the Gold Plated machine that stores all those records, they lovingly thought would be a great idea to dub, "the Beast".

But, no, the fact that many of their fortunes were and are made off of the sugar, opium, heroine, slave, tobacco, marijuana (hemp), coc aine, Meth, oil, and oil based synthetics like psychpharmaceautical drugs (such as the Ridillan, Vicoden, and Valium, etc. they shove down everyone's throats if they even fart wrong), or Banana's Grown in Countries that they take over own and control by arming mercenaries and mercenaries you call patriotic soldiers, and private mercenaries you call Security Consultants, and Mafia and Crime Syndicate wealth from Raqueetering, Insider Trading, and things that would have any ordinary person jailed.

And you think that just because they have anything is because they are so benevolent and that those who actually do the work which makes them wealthy should idolize them and hope to be like them. And that those who are smart enough to not work so they don't enrich or become like you or them are the bad guys.

Then yes, for all these reasons and more which should be so obvious as to not have to be stated. Yes. By God, Yes. You and those like you are the bad guys. That includes people I really care about so don't feel left out. Though I will say, if people do have the good sense to revolt, I sure hope people like you have the good sense to realize who your neighbors really are. I know you can't stand us, but, supporting the wrong side long enough may prove more hazardous to your health than drinking a bad batch of hallucinogenic Kool Aid (Blue Mead, for all you Hippie's).

Here's a little History lesson for you Re Education of History By Drago

I think you need some Re Education in your life to remember who your idols are and where they come from. If you're not willing to learn, you might never realize you've just been blind- sided. Trust me, I don't know you or have any feeling about it either way, but, for the sake of C & D, let me just point to your post and remind you that you asked, and, I'm just responding.

[edit on 2-2-2009 by PhyberDragon]

Originally posted by gdeed

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.

you mean the sweat of being born into the right family?

oh the joys of being born into the walton family...

and yes, being born to the right family is obviously very difficult, i wasnt able to achieve it

maybe next time

[edit on 2-2-2009 by muzzleflash]

if you have a billion dollars, and lose 500million of it (50%)

that is not a great loss, in fact it is negligable, since you can EAT tomorrow still

but on the other hand, if you have next to nothing, and you lose your job, you Starve and DIE, now thats a huge freakin loss

Originally posted by West Coast

Originally posted by Drea2up


I think we can count on President O to put an end to that!

This seems to be the general view held by liberals... You people are setting yourselves up for a huge let down.

im not a liberal btw, i believe wholeheartedly in capitalism

america today is closer to communism than capitalism

the poor get handouts, the rich get handouts, its a communism (almost)

now, in the perfect world, where capitalism exists (fairy tale land) , people who work hard make a really good living

like those ditch diggers and toilet cleaners, they get paid really really good in a true capitalism based on hard work

but i am a firm believer in wealth Caps

cap the poor at 20k a year minimum
and cap the rich at 2million a year maximum

look if we are going to use MONEY to live, we need to be reasonable
letting 1 guy have ALL the money is stupid, we will all starve or else create a huge welfare state and i hate starving and i hate welfare states

if we capped the bottom and top of the economic chart, it would be a balanced system and collapse would be nearly impossible

but if you let 1 guy get all the $$, your gonna see a collapse, its simple math

[edit on 2-2-2009 by muzzleflash]

Originally posted by TheAgentNineteen
The Rich have just as much a right to keep their money as ANYONE else.

rich = guy with 5 billion apples
poor = guy with 1 apple or no apples

this is wrong

correct stable society looks more like this

rich = guy with 5million apples
poor = guy with 20,000 apples

i guess u can call it moderate capitalism

extremist capitalism is akin to the USSR where everyone is equal except the boss , who has all the apples

Hey, Stalin only had to kill 10million russians to get all the apples, he aint such a bad guy is he?

Originally posted by j2000


Who really owns the FED? The Rothschilds of London and Berlin; Lazard Brothers of Paris; Israel Moses Seif of Italy; Kuhn, Loeb and Warburg of Germany; and the Lehman Brothers, Goldman, Sachs and the Rockefeller families of New York.

The FED is the only for-profit corporation in America that is exempt from both federal and state taxes? The FED takes in about one trillion dollars per year tax free! The banking families listed above get all that money. Forty cents in every dollar of US taxes.

There have been three central banks in the nation's history. The first two, while deceptive and fraudulent, pale in comparison to the scope and size of the fraud being perpetrated by the current FED. What they all have in common is an insidious practice known as "fractional banking."


Here is a good link with how it all started.

Link

So, according to your modest estimates, even I a non- political professional economist can tabulate and account that to mean. On the Mean Average:

0.40 cents X $100, 000, 000, 000, 000. 00= $ 40, 000, 000, 000, 000. 00

(Forty Trillion Dollars) of Potential Tax Money earned.

Paid To the Family Group Accounts of:

Rothschild of London (1)
+
Rothschild of Berlin (1)
+
Lazard of Paris (1)
+
Israel Moses Seif of Italy (1)
+
Kuhn of Germany (1)
+
Loeb of Germany (1)
+
Warburg of Germany (1)
+
Lehman of New York (1)
+
Goldman of New York (1)
+
Sachs of New York (1)
+
Rockefeller of New York (1)

= (11) Family Groups, regardless of how they distribute the $$$


$ 40, 000, 000, 000, 000. 00 / (11)= $ 3, 636, 363, 636, 363.6363636

( Three Trillion, Six Hundred and Sixty Three Billion, Three Hundred and Sixty Three Million, Six Hundred and Sixty Three Thousand, Three Hundred and Sixty Three Dollars And Sixty Four Cents)

Paid out each year to each family group.

Money, that would go to Taxes otherwise. Yet, they recieve more of our taxes in Bailouts, Doles, Stimulus, etc. Even if through proxy Corporations that eventually funnel to them anyways. How successful are they trying to get? How successful should anyone be allowed to be? That has nothing to do with all their other sources of Wealth. And for what? Holding some crooks money?

Abolish Taxes and the Federal Reserve and their Drug Lord Owners and Traffic Supporters! As if We Could. HAHAHAHAHAHAHAHAHAHAHAHAHAHA!



[edit on 2-2-2009 by PhyberDragon]