Wall Street Protests

[TheMercenary]

So let me ask you, we should redistribute wealth to the government so Obama can send money to Solyndra? How about to GE? They paid little to no tax, and Obama employs the CEO with our tax dollars. Maybe they should give them to the public sector unions?

Wealthy in this day and age is anyone who has more than "you" or has more stuff than "you" that you could never hope to have. If you are unemployed, wealthy may be the person who has a job while you have none. Wealthy may be the person who makes 2 million a year while you make 600k. Wealthy may be the welfare mother who has 6 children from 6 different babies daddies and gets more in public assistance than you, since you only have one kid. It is wealth is wealth envy.

The wealthy pay almost all of the total tax in this country now, federal, state, and local combined.

In 2009 Federal Income tax paid:

Top 1% PAID an adjusted rate of 24.01%

Bottom 50% paid 1.85%
(source IRS)

Total Income tax paid 1980 - 2009:

In 1980 the top 1% paid 19.05%, in 2009 they paid 36.73% (this is nearly a 100% increase in the amount of taxes paid)

In 1908 the bottom 50% paid 7.05%, in 2009 they paid 2.25% (this is more than a 100% reduction)

Look at percent of AGI paid by top 1% and the bottom 50%!

http://www.taxfoundation.org/news/show/250.html

Yea, I am correct.

What are the protesters seeking? There are a hundred answers to that question.

There is no single group or person who can elicit what these people want. None. This is, as I have said numerous times before, just like the WTO protests. It is comical.

I want to say "Liar", but I'll content myself by saying "Cite".

Why would anyone question the Great and Powerful Oz?