Is History Siding With Obama’s Economic Plan?
By ALAN S. BLINDER
Published: August 30, 2008
It is well known that income inequality in the United States has been on the rise for about 30 years now — an unsettling development that has finally touched the public consciousness. But Professor Bartels unearths a stunning statistical regularity: Over the entire 60-year period, income inequality trended substantially upward under Republican presidents but slightly downward under Democrats, thus accounting for the widening income gaps over all. And the bad news for America’s poor is that Republicans have won five of the seven elections going back to 1980.
The Great Partisan Inequality Divide is not limited to the poor. To get a more granular look, Professor Bartels studied the postwar history of income gains at five different places in the income distribution.
The 20th percentile is the income level at which 20 percent of all families have less income and 80 percent have more. It is thus a plausible dividing line between the poor and the nonpoor. Similarly, the 40th percentile is the income level at which 40 percent of the families are poorer and 60 percent are richer. And similarly for the 60th, 80th, and 95th percentiles. The 95th percentile is the best dividing line between the rich and the nonrich that the data permitted Professor Bartels to study. (That dividing line, by the way, is well below the $5 million threshold John McCain has jokingly used for defining the rich. It’s closer to $180,000.)
[Read. Think.(Think already!) Then Vote.]
There really is no good reason to participate in Class Warfare, except in self-defense. It's the same reason I've argued against the general vice of religious beliefs. It's NOT because I'm completely against religious faith nor that I Hate rich peops. It's because the folks who are leaders of those two groups want, more than anything else, to maintain their dominance and leadership! They do so, only and without equivocation, by means of draining energy and life from those who follow them.
Put a little more thought into it. How can allowing your employer's Board of Directors keep a larger percentage of their already phenomenally larger slice of the profit-pie which you've ALL made possible, in any way benefit you or the company or Country of which you're a part?
How does letting the Rich get richer make you more secure, or better able to control your own life experiences; take care of your family; raise your kids to enjoy life at least as much you have?
How does your getting less so that those who have more can make still more, somehow give you more?
Knowledge cancels out fear. As with those who deny Evolution's reality in order to maintain their own control over peops' socialization choices, those in the 5% who already control 90% of this world's wealth want everyone's resources to be under their control.
The proof that it is NOT the larger percentage of folk forging the Class War is that the Rich don't lose under Democratic Administrations. They just don't take as much away from the rest of us as they do when Republicans are in power.
Think. Then vote for your own - and just about everyone else's - best interest.