We always heard about the “gap” between rich and poor during the Bush years – how it proved that he loved the rich and hated the poor. What has two years of complete Democratic control of Washington given us? A huge jump in that gap.
The top-earning 20 percent of Americans — those making more than $100,000 each year — received 49.4 percent of all income generated in the U.S., compared with the 3.4 percent earned by those below the poverty line, according to newly released census figures. That ratio of 14.5-to-1 was an increase from 13.6 in 2008 and nearly double a low of 7.69 in 1968.
Wait – isn’t this proof that Democrats hate poor people?
“Income inequality is rising, and if we took into account tax data, it would be even more,” said Timothy Smeeding, a University of Wisconsin-Madison professor who specializes in poverty. “More than other countries, we have a very unequal income distribution where compensation goes to the top in a winner-takes-all economy.”
Can someone tell me what the heck this “expert” is talking about? “The rich” pay almost all the taxes, so the gap between rich and poor gets reduced if you factor in taxes, doesn’t it? He perfectly illustrates the leftist mentality that there are only so many dollars out there to be made, so each dollar a rich person has was taken from a more deserving poor person.
The findings are part of a broad array of U.S. census data being released this month that highlight the far-reaching impact of the recent economic meltdown. The effects have ranged from near-historic declines in U.S. mobility and birth rates to delayed marriage and the first drop in the number of illegal immigrants in two decades.
Here we get to the heart of the story. Gee, could it be that selected census data is being leaked to be used to argue that instead of focusing on how to get jobs for poor people, we need to punish the rich by raising their taxes so that the government can redistribute that wealth? If we could just make everyone equally poor, wouldn’t things be great?