Monday, September 8, 2014

Inequality redistribution: under Obama, your income is their wealth

Whose fair share? And whose recovery? Two very different images are emerging between Washington fantasyland and America's reality when it comes to the ideas of income inequality and wealth redistribution...your income leads to their wealth!
WashingtonTimes: Under President Obama, the richest 10 percent were the only income group of Americans to see their median incomes rise, according to a survey released this week by the Federal Reserve.

The Fed data covered the years 2010-2013, during which period Mr. Obama constantly campaigned against income inequality and won re-election by painting his Republican rival as a tool of Wall Street plutocrats. ...

The survey also found that families in the middle income bracket (40th to 90th percentiles) saw “very little” change in average real incomes and still have not recovered losses from 2010 and 2007. Families at the bottom of the income distribution continued to see “substantial declines” in average real incomes, a continuing trend from the previous two surveys.
And remember, back in January we discovered that DC suburbs dominate the wealthiest list. Bourgeoisie and Proletariat come to mind at all?

It's suddenly clear why the administration and media want divisions and diversions, particularly when it comes to distracting black Americans with any given controversy of the day...
CNSNews: While unemployment nationwide is 6.1%, the unemployment rate for black Americans at 11.4% is more than double the rate for white Americans, who have an unemployment rate of 5.3%, according to the Bureau of Labor Statistics (BLS).

The unemployment rate for Latino Americans, at 7.5%, is also lower than the unemployment rate for blacks, the BLS data show.

For black Americans, age 16 and older, seasonally adjusted, the unemployment rate between July and August stayed the same at 11.4%, and that is up from the 10.7% rate in June. The last time the black unemployment rate was 11.4% was more than 5 years ago, in October 2008. (It was at a low 7.6% in August 2007.) ...

According to the Census Bureau, whites make up 77.7% of the U.S. population; blacks comprise 13.2% of the population; and Hispanic or Latino make up 17.1% of the population.
In demographic politics, looks like the new minority is outpacing the old.

Come on, America, you can put two and two together and figure out why the Ruling Class does what it does.

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