descent picked up speed under the first Bush and has continued apace through 16 years of Clinton & Obama and 8 years of W Bush. We used to have Dixiecrats, now we have Dollarcrats. It doesn't take a constitutional scholar to see that those who have only their labor power to sell in order to live have been robbed by those who are in control of the political economy.
Nice stark chart - thanks.
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"The justness of individual land right is not justifiable to those to whom the land by right of first claim collectively belonged"
at least some Democrats pushed back against Republican policies and instituted good policies of their own that benefited the 90%. The DLC formed officially in 1985, while Ronnie was still in office. Then the goal for Democrats became to be more like Ronnie because... electability. Look around today to see just how electable fake Democrats are. Anyway, that's when Democrats stopped pushing back and starting mimicking instead.
Ronnie was not the one who lobbied for repeal of Glass Steagal or for the Commodities Futures Modernization Act or for ending welfare as we know it. That was Bill Clinton. Ronnie was not the one who cut food stamps/SNAP or fuel subsidies to the poor. That was Obama.
Poppy was not the one got NAFTA passed. He tried, but didn't manage it. That was Bill Clinton. Ronnie was not the one who set things up so the economy crashed in 2008. That was Bill Clinton. Ronnie did not bail out the health insurance industry with a mandate for young, healthy people. That was Obama. Ronnie did not give bad banks immunity from lawsuits and say it was okay if they were in such a greedy hurry to take advantage of the situation Clinton set up that they lost notes and other paperwork or took, um, short cuts. That was Obama. And so on.
As usual, duckpin is right on the money, no pun intended. Ronnie was just being an old school, big business Republican, not much different from Hoover or Eisenhower. It was the Democrats who changed drastically in the 1980s, not Republicans. This is about Democrats having become Dollarcrats.
"The object of persecution is persecution. The object of torture is torture. The object of power is power. Now do you begin to understand me?" ~Orwell, "1984"
But you are spot on! Actually those 10% appear to own closer to 77%. But whats a couple of percentage among the wealthy?
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“Our enemies are innovative and resourceful, and so are we. They never stop thinking about new ways to harm our country and our people, and neither do we.”
George W. Bush
from the total and you get what the 10% have. The top 10% get about 77% of all the wealth!
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“Our enemies are innovative and resourceful, and so are we. They never stop thinking about new ways to harm our country and our people, and neither do we.”
George W. Bush
“Our enemies are innovative and resourceful, and so are we. They never stop thinking about new ways to harm our country and our people, and neither do we.”
George W. Bush
It looks like the same data set, but we each picked out different things. PR points out that the .1% have just about overtaken the 90%; I noticed that the peak ownership of the 90% occurred under Reagan, which might account for a certain amount of nostalgia.
After the defeat of Washingtons carbon tax, I'm becoming convinced that we can't do anything about climate change until we deal with this inequality problem. But no society in history has dealt with it without a lot of violence (French revolution, World Wars, the sack of Rome) so I'm kind of depressed about it all.
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We can’t save the world by playing by the rules, because the rules have to be changed.
- Greta Thunberg
The Great One involved a very large number of people over a very large area. Some of us experienced this sort of economic effect in much smaller regions involving a smaller number of people. I experienced a version of an economic depression of Hermiston, OR in the 1950s and 60s, from the wrong side of the curve.
we can't do anything · · · until we deal with this inequality problem.
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Ain't We Got Fun?
[video:https://www.youtube.com/watch?v=y041-eT6QrI]
[video:https://www.youtube.com/watch?v=Jwf70N3hcJ4]
More Historical Data
http://www.gallettadance.com/Pages/ShowMusic2015.aspx
And now:
https://www.youtube.com/shared?ci=bQZlQxY_uMM
"They'll say we're disturbing the peace, but there is no peace. What really bothers them is that we are disturbing the war." Howard Zinn
If I interpret the chart correctly, it looks like the era of
descent picked up speed under the first Bush and has continued apace through 16 years of Clinton & Obama and 8 years of W Bush. We used to have Dixiecrats, now we have Dollarcrats. It doesn't take a constitutional scholar to see that those who have only their labor power to sell in order to live have been robbed by those who are in control of the political economy.
Nice stark chart - thanks.
"The justness of individual land right is not justifiable to those to whom the land by right of first claim collectively belonged"
In short...
...all the Trumpistas are pissed about what St Ronnie did. Ohhhhh the irony...
Close, but not exactly. Once upon a time,
at least some Democrats pushed back against Republican policies and instituted good policies of their own that benefited the 90%. The DLC formed officially in 1985, while Ronnie was still in office. Then the goal for Democrats became to be more like Ronnie because... electability. Look around today to see just how electable fake Democrats are. Anyway, that's when Democrats stopped pushing back and starting mimicking instead.
Ronnie was not the one who lobbied for repeal of Glass Steagal or for the Commodities Futures Modernization Act or for ending welfare as we know it. That was Bill Clinton. Ronnie was not the one who cut food stamps/SNAP or fuel subsidies to the poor. That was Obama.
Poppy was not the one got NAFTA passed. He tried, but didn't manage it. That was Bill Clinton. Ronnie was not the one who set things up so the economy crashed in 2008. That was Bill Clinton. Ronnie did not bail out the health insurance industry with a mandate for young, healthy people. That was Obama. Ronnie did not give bad banks immunity from lawsuits and say it was okay if they were in such a greedy hurry to take advantage of the situation Clinton set up that they lost notes and other paperwork or took, um, short cuts. That was Obama. And so on.
As usual, duckpin is right on the money, no pun intended. Ronnie was just being an old school, big business Republican, not much different from Hoover or Eisenhower. It was the Democrats who changed drastically in the 1980s, not Republicans. This is about Democrats having become Dollarcrats.
So everything is going as planned.
"The object of persecution is persecution. The object of torture is torture. The object of power is power. Now do you begin to understand me?" ~Orwell, "1984"
I read the chart backwards.
It shows 10% of the people own over 75% of the wealth.
There is no such thing as TMI. It can always be held in reserve for extortion.
Funny the chart doesn't make that clear?
But you are spot on! Actually those 10% appear to own closer to 77%. But whats a couple of percentage among the wealthy?
“Our enemies are innovative and resourceful, and so are we. They never stop thinking about new ways to harm our country and our people, and neither do we.”
George W. Bush
The Top Tenth of One Percent
I believe the chart tracks the top one tenth of the top 1%.
"They'll say we're disturbing the peace, but there is no peace. What really bothers them is that we are disturbing the war." Howard Zinn
Just subtract the bottom 90%
from the total and you get what the 10% have. The top 10% get about 77% of all the wealth!
“Our enemies are innovative and resourceful, and so are we. They never stop thinking about new ways to harm our country and our people, and neither do we.”
George W. Bush
Hawkfish posted a link to another interactive chart
showing the same data with more detail. His essay didn't get much attention but the interactive chart is intersting. You can view it here. https://public.tableau.com/en-us/s/gallery/wealth-inequality-us
“Our enemies are innovative and resourceful, and so are we. They never stop thinking about new ways to harm our country and our people, and neither do we.”
George W. Bush
Thanks, Reflections
It looks like the same data set, but we each picked out different things. PR points out that the .1% have just about overtaken the 90%; I noticed that the peak ownership of the 90% occurred under Reagan, which might account for a certain amount of nostalgia.
After the defeat of Washingtons carbon tax, I'm becoming convinced that we can't do anything about climate change until we deal with this inequality problem. But no society in history has dealt with it without a lot of violence (French revolution, World Wars, the sack of Rome) so I'm kind of depressed about it all.
We can’t save the world by playing by the rules, because the rules have to be changed.
- Greta Thunberg
When the Red curve goes above the Blue curve . . .
The Great One involved a very large number of people over a very large area. Some of us experienced this sort of economic effect in much smaller regions involving a smaller number of people. I experienced a version of an economic depression of Hermiston, OR in the 1950s and 60s, from the wrong side of the curve.
As is the nature of this medium . . .
I missed it and apologize:
Check out Hawkfish's article and leave a comment there.