The Middle Class is Disappearing

Caught news of an interesting video of Senator Bernie Sanders of Vermont.

Couple of quotes to think about:

  • The top 1% of income earners in USA earn 23.5% of ALL income, more than the entire bottom 50%.
  • The top 1/10th of 1% of income earners earn 12ยข of every dollar
  • Between 1980 and 2005, 80% of all income went to the top 1% in America.

http://www.youtube.com/watch?v=H5OtB298fHY

6 thoughts on “The Middle Class is Disappearing

  1. Vern Gill says:

    The GOP blocked two votes of extending the Bush tax cuts; one would have extended them for everyone making less than $250,000, the other would have extended them for everyone making less than $1,000,000.But they care about the middle class.

  2. John says:

    It’s really sad that America is killing itself. So although this is change, it’s just not the change I was hoping for.

  3. Vern Gill says:

    Also, one of the most important things he mentioned in the speech, that most people still fail to realize;the “death tax”, or more accurately, estate tax, affects .03 % of the nation’s wage earners.Yeah, that’s important to everyone.

  4. Vern Gill says:

    John, America isn’t killing itself; wealthy Americans are encouraging poor Americans to kill America, and calling it freedom.

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