Did the 1% suffer much?

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The Great Recession took such a heavy toll on the economy that the typical American family lost nearly 40% of its wealth from 2007 to 2010, shaving the median net worth to a level not seen since the early 1990s.

The biggest impact was felt by young middle-age families, those headed by people ages 35 to 44. For this group, the median net worth -- total assets minus debts -- fell a whopping 54% in the three-year period to $42,100 in 2010.

Recent quarterly data from the Fed shows Americans' net worth has increased since 2010 as the stock market has rebounded, more people have found work and housing prices have stabilized in many parts of the country. In the first quarter of this year, net worth saw its biggest gain in seven years.


http://www.latimes.com/business/la-fi-mo-economy-wealth-20120611,0,5418853.story
 
maybe the 1% didn't suffer. But that's fine. Why should we wish for yet another group to suffer as well? It's a good thing they are insulated.
 
G R I N D said:
maybe the 1% didn't suffer. But that's fine. Why should we wish for yet another group to suffer as well? It's a good thing they are insulated.
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Absolutely. We must insulate the 1% from any negative economic impacts, so they will continue to create plenty of jobs here in the USA.
 
"Did the 1% suffer much?"
So that's what it comes down to? An equitable distribution of misery? My guess is that they didn't suffer too much(sorry to disappoint you). Because they prepare themselves for downturns in the economy. Looks like you're gonna have to look elsewhere for your jollies.
 
\\()// said:
Absolutely. We must insulate the 1% from any negative economic impacts, so they will continue to create plenty of jobs here in the USA.
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yup. and remember, the 1% does not owe the proles anything. the proles are not entitled to their money.
 
G R I N D said:
yup. and remember, the 1% does not owe the proles anything. the proles are not entitled to their money.
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It's not as if the assets of the 99% have trickled up in the past couple of decades, is it?

The 1% need more tax cuts, don't they?
 
you act as though the 1% have literally reached into the pockets of the proles. If the proles and the 1% are at a restaurant for years and the 1% are always tipping 3 dollars and the proles are always tipping 1 dollar, and then the 1% started tipping 2 dollars instead, that doesn't mean they've taken the proles money.

The 1% still contribute far more to the tax coffers, and to our economy, than any prole janitor or johnny from burger king could ever hope and dream to.

Their money is theirs, is theirs, is theirs. it's not yours, it's theirs.

one more time? (it's theirs)

you are not entitled to someone elses property.

yes, the 1% need more tax cuts. everyone needs more tax cuts. the less taxes paid, the better.

I think our entire nation would be better off, that if you receive welfare or government handouts, or vote for tax increases and wealth redistribution, you literally need "PROLE" in big red letters stamped on your drivers license or identification. Everyone would be ashamed to be a prole, and would strive to no longer be one.
 
with all due respect grind...you are a prole because you are not an alleged 1%'er.

my belief, idiots like legion are simply jealous because they aren't smart enough to make a living. so they bash the very wealthy (which exist in every country on this planet) because it gives them a scapegoat for their failures.

now, that is not to say that all wealthy people earned their money legally or morally. just pointing out a fact. for example, i know plenty of wealthy people in my area that are all honest, legal and moral. they simply didn't fuck off when others did. without too much detail, i know a multimillionaire who drives a car that is 10 years old and when new, worth maybe 20K. he rides that like. and that is why he is wealthy.
 
Guess this troll doesn't know high end real estate went down as well! Stocks did come back but they are still under per recession levels. What a typical Libtard.
 
In 2010, as the nation continued to recover from the recessionhttp://topics.nytimes.com/top/refer...d_depression/index.html?inline=nyt-classifier, a 93 percent of the additional income created in the country that year, compared to 2009 — $288 billion — went to the top 1 percent...


In 2010, 37 percent of these additional earnings went to just the top 0.01 percent...


These fortunate few saw their incomes rise by 21.5 percent.


The bottom 99 percent received an $80 increase in pay per person in 2010, after adjusting for inflation.


The top 1 percent, whose average income is $1,019,089, had an 11.6 percent increase in income.


Government has also played a role, particularly the George W. Bush tax cuts, which, among other things, gave the wealthy a 15 percent tax on capital gains and dividends.


http://www.nytimes.com/2012/03/26/opinion/the-rich-get-even-richer.html
 
G R I N D said:
you act as though the 1% have literally reached into the pockets of the proles. If the proles and the 1% are at a restaurant for years and the 1% are always tipping 3 dollars and the proles are always tipping 1 dollar, and then the 1% started tipping 2 dollars instead, that doesn't mean they've taken the proles money.

The 1% still contribute far more to the tax coffers, and to our economy, than any prole janitor or johnny from burger king could ever hope and dream to.

Their money is theirs, is theirs, is theirs. it's not yours, it's theirs.

one more time? (it's theirs)

you are not entitled to someone elses property.

yes, the 1% need more tax cuts. everyone needs more tax cuts. the less taxes paid, the better.

I think our entire nation would be better off, that if you receive welfare or government handouts, or vote for tax increases and wealth redistribution, you literally need "PROLE" in big red letters stamped on your drivers license or identification. Everyone would be ashamed to be a prole, and would strive to no longer be one.
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Do you believe your own bullshit?
 
\\()// said:
The top 1 percent has done progressively better in each economic recovery of the past two decades.

In the Clinton era expansion, 45 percent of the total income gains went to the top 1 percent; in the Bush recovery, the figure was 65 percent; now it is 93 percent.


http://www.nytimes.com/2012/03/26/opinion/the-rich-get-even-richer.html
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MONEY did not GO to the 1%. There wasn't a money tree that the government shook and gave more of it to the 1%. It was ALREADY THEIR MONEY. This is what the failproles will never understand.
 
The Dude said:
Guess this troll doesn't know high end real estate went down as well! Stocks did come back but they are still under per recession levels. What a typical Libtard.
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Must have been tough for the ultra rich to afford groceries huh dude?
 
The way to increase the richness of our way of life as Americans is to raise the standard of living for all - not a divided class society between the “haves and have-nots.” It is the ordinary working people that get up every day and do the jobs upon which everyone depends and that everyone takes for granted. They are neglected and ignored for all their worth and the importance of their work. Never before in our nation’s history has there been a greater disparity between the income levels of wage-earners and the salaried executives of “Corporate America.” Still we live in a world that would deny ordinary working people even the most basic of human rights and benefits of life. (After a decade of voting itself an annual cost-of-living increase, the Congress finally voted to raise the minimum wage by a stingy $2.10 an hour!) Have we learned nothing from history? In every age there has been unrest, revolution or war for the suppression of the masses to satisfy the greed and ambitions of the ruling classes. Apparently, nothing has changed; and so long as such inequities exist, it never will. Need must it be so: Blessed are the rich, for they shall receive tax cuts.
 
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