Tuesday, May 29, 2012

List of Links disproving the Big Lie

I list below links that tend to disprove the Big Lie (previous blog post) that giving the rich more money creates jobs.

http://www.bloomberg.com/news/2012-05-29/irs-finds-one-in-189-high-earners-paid-no-2009-u-s-tax.html

http://www.bloomberg.com/news/2012-05-08/private-jobs-increase-more-with-democrats-in-white-house.html

http://www.dailyfinance.com/2012/01/13/its-official-wealth-gap-has-turned-america-into-a-seething-pit/?icid=maing-grid7%7Cnetscape%7Cdl16%7Csec1_lnk2%26pLid%3D128160

http://usnews.msnbc.msn.com/_news/2011/12/15/9461848-dismal-prospects-1-in-2-americans-are-now-poor-or-low-income

http://www.msnbc.msn.com/id/45319319/ns/us_news-the_new_york_times/#.T8VwALBfEwA

http://news.yahoo.com/blogs/lookout/numbers-income-top-one-percent-skyrocketed-over-last-153005722.html

http://money.msn.com/investing/why-us-should-spread-the-wealth-fiscaltimes.aspx?GT1=33002

Some of these links have more to do with income inequality.

It seems to be that we are turning into a Third World country regarding incomes - either you are rich or you are poor. The middle class at the top of the bell curve is missing.

No one has disposable income except the rich. This is why the economic recovery is so long delayed. There will be no job creation until consumers have the money to spend. The rich will be unable to continue this trend forever. Eventually, they too, will be effected. Until then, it's the rest of us who suffer.

I worked at a food pantry for 5 years. Beginning in 2007 we began seeing the "newly poor." They were losing jobs they had been at for decades.

How many rich have suffered?

It's time to stop believing lies.

Palmetto Bug

PS, if any of the links stop working, please let me know so I can remove them.

PPS: This link came in after original publication of this post. http://money.msn.com/investing/americas-highest-paid-ceos-2012 

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