Tuesday, December 21, 2010

Rep. Jan Schakowsky(D-IL) on Russian TV

"Top 1% of Americans control 34% of the wealth in our country, which is more than the combined wealth of the bottom 90%"

So it’s funny how she failed to mention the remaining 2%-19% of the people that control 50% of the wealth.
Guess where Jan falls in to... that’s right, the 2%-19% Net worth $417,000 (2007)

"Who going to benefit, and who’s going to suffer."
The lazier liberal will benefit. Who’s going to suffer? Job creators.

So let’s break this down.
The top 1% of Americans, millionaires/billionaires, are at the top of the heap.
The 2-19%, which she never talked about because she falls in to that category, wants to tax the top 1% at a higher rate (Wonder what happened to all the $250K+ talk from the left?)... For what?

To make them suffer losses, to bring them down to the level of rest of the 80%... Elevating the 2-19% to the top of the heap.




Now, according to Professor G Williams Domhoff of the UofC Santa Cruz:

"the top 1% of income earners, who average over $1 million a year, actually pay a smaller percentage of their incomes to taxes than the 9% just below them."

So is this an agenda to re-distribute the wealthiest income to the middle class and poor?
OR is this bitterness by the 2-19% that they pay more in over all taxes then the top 1%?


Take a look
US Population- Net worth held
Top 1%- 35%
Top 19%- 50%
Rest 80%- 15%

US Population- Financial Wealth
1%- 43%
19%- 50%
80%- 7%

Looks like Jan forgot about herself in interview with a Russian TV reporter.