Comments on: The 1 percent recovery

By: robb1

robb1 — Wed, 04 Apr 2012 01:02:16 +0000

@AdamSmith: exact, my comments, even if I consider them constructive and polite, perhaps a bit on the sharp edge, are CENSORED by this author.

I guess you need to belong to a certain “club” and write just what they like..

By: ptiffany

ptiffany — Sun, 18 Mar 2012 21:36:40 +0000

Now, you’ve hit on the premier issue of the past two generations. Income disparity as the result of Class Warfare by the Tenth Percenters (not merely the One Percenters) has already changed this country radically. However, it’s is way late. The Class War has already been won and the Tenth Percenters are now just crowing about their victory.

We’re doomed (the 99.9%).

Now, it’s time for the Tenth Percenters to sell the United States to the Chinese, assisted by Walmart*, of course.

By: Stu255

Stu255 — Tue, 13 Mar 2012 12:30:26 +0000

The thing is, in America anyone can move to any city and start any business and work 20 hours a day.

You cannot do that in China or France or Russia.

Stop them if you like, but you won’t gain anything.

By: Lord_Foxdrake

Lord_Foxdrake — Mon, 12 Mar 2012 22:18:45 +0000

So can we have a Revolution already?

That would solve the problem.

don’t want a Revolution? OK Solution #2…

If this is a democracy we need to elect a leader that will use the power of the state to arrest these people and then eliminate them.

By: zotdoc

zotdoc — Mon, 12 Mar 2012 21:11:46 +0000

There are lies, damned lies and then statistics. UC Berkely eh, well not exactly a bastion of conservative thought and not news that someone there wants the wealth re-distributed. Can any of us trust the news anymore?

By: xit007

xit007 — Mon, 12 Mar 2012 15:50:07 +0000

There are a lot of grey lines in this line of thinking. It is all about making the world a perfect place to live. Do you really think that any political solution will evenly distribute the money? There will always be those in a position of power to move money towards themselves. I believe that between the death tax and real taxation at the higher end – the monies get moved to government. But that is the problem – our government continues to squander whatever you give them – Democrat or Republican. Solve the squalor in Washington first and you will go a long way to making life better for the 99%……Stop whining about the rich – as if they owe you something. They aren’t the problem – it is a government that conspires and takes money – to create a tax free situation for them – while enriching themselves.

By: GLK

GLK — Mon, 12 Mar 2012 11:38:14 +0000

I didn’t hate Clinton, but I also have read enough about the garbage he pulled off while President to know that he was no economic guru. The housing bubble and our close ties with China being just two little legacies he left the middle class. He wasn’t anywhere near the great President some people think he was, and Bush wasn’t nearly as bad as people think either. Neither the Republicans or Democrats can be counted on to do the middle class any favors. Basically when we vote we are just choosing our poison.

By: GMavros

GMavros — Sun, 11 Mar 2012 17:22:24 +0000

A very enlightening in depth statistical analysis indeed, of events and fact already known, but not in detail and in such context.

So now that we can ‘finally’ admit that there is no real difference between Democrats and Republicans, isn’t time for a new party, the Independent Party? or something ?
Or have the 1% elite attained so much control of our ‘sold Democracy’, and the possession and control of global finances, that it would in effect tender useless any attempt to reverse or minimize this huge gap in wealth so prevalent worldwide?
Apparently China is not so bad after all.

By: TomKi

TomKi — Sun, 11 Mar 2012 05:50:01 +0000

“He finds that while the financial crisis hurt the top 1 percent more than anyone else, their recovery has been spectacular — while everyone else has languished.”

Hurt top 1% more than anyone else? What’s he smoking? I have been watching the financial crisis built and unfold like a hawk for a decade. I have not seen a single report or analysis that suggest, less prove, that the top 1% has been hurt more than anyone else. Especially after all those uncapitalistic bailouts.

But let’s say it is true. Why that only mean one thing – American capitalism, that magical, supremely superior system of wealth creation, works!! 100% of the time, for the 1%.

By: edgyinchina

edgyinchina — Sun, 11 Mar 2012 02:14:34 +0000

Just more proof that we are already a long way down the road towards third-world banana-republic status. A few rich people, a large army/police/judiciary to protect them, with the rest of us (99%) surviving on the scraps from their tables….