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Economics Discuss How 90% of American Households Lost an Average of $17,000 in Wealth to the Plutocrats at the Political Forums; https://www.commondreams.org/views/2...lutocrats-2016 The Richest 1% Extracted Wealth from Every Other Segment of Society And now they want to "fix" the tax ...

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Old 08-23-2017, 04:03 AM
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Default How 90% of American Households Lost an Average of $17,000 in Wealth to the Plutocrats

https://www.commondreams.org/views/2...lutocrats-2016


The Richest 1% Extracted Wealth from Every Other Segment of Society


And now they want to "fix" the tax code .
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Old 08-23-2017, 05:36 AM
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Default Re: How 90% of American Households Lost an Average of $17,000 in Wealth to the Plutoc

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Originally Posted by saltwn View Post
https://www.commondreams.org/views/2...lutocrats-2016


The Richest 1% Extracted Wealth from Every Other Segment of Society


And now they want to "fix" the tax code .
The article is pretty vague about how 'wealth was extracted' from 90% of American households.

Income is not a stagnant pool, of which X amount is allotted to each person or group. You want more money, then do something that makes you worth more.
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Old 08-23-2017, 05:59 AM
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Default Re: How 90% of American Households Lost an Average of $17,000 in Wealth to the Plutoc

hhhmmm...2016...and i thought everything was peaches and cream while Prez O was at the helm; especially after the passage of the affordable care act.

and the link in the o.p. advocates "a return to the commons."
apparently they've never heard of the tragedy of the commons.

whether it's from the 1980s to now or between 1978 and 2015 it appears no matter who controlled congress or the white house that both sides of the political aisle did nothing; and perhaps are culpable; to change course.
that's a big change from how great carter was, clinton was and obama was.
or even when dems controlled congress during a republican presidency which all three republican administrations from 1978 to 2015; reagan, bush41 and bush43; all had periods when dems controlled the nudget and law making.

but hey...if we could have only had bernie this whole time and a bunch of bernie clones in congress. what a "commons" dream we would have had.
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Old 08-23-2017, 06:38 AM
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Default Re: How 90% of American Households Lost an Average of $17,000 in Wealth to the Plutoc

Funny the amount each house hold lost is about how much the ACA act is over charging me for my health insurance.

Accident? Maybe not?

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Old 08-23-2017, 06:55 AM
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Default Re: How 90% of American Households Lost an Average of $17,000 in Wealth to the Plutoc

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Originally Posted by GottaGo View Post
The article is pretty vague about how 'wealth was extracted' from 90% of American households.

Income is not a stagnant pool, of which X amount is allotted to each person or group. You want more money, then do something that makes you worth more.
no you dont gt to spread that sorry

example:

n his book, Glass House: The 1% Economy and the Shattering of the All-American Town, Brian Alexander describes today's America through the lens of his hometown of Lancaster, Ohio, which had been a leading glasswares manufacturer. But the town started falling apart in the 1980s. A major glasswares company was bought up with borrowed money by private equity firms, which then cut jobs and wages, allowed manufacturing facilities to fall into disrepair, stopped contributing to pensions, moved company headquarters out of state, and demanded tax breaks to keep the glassware plant in Lancaster.
Capitalism as usual. Yet 59 percent of Lancaster's county voted for Trump. Alexander explains that the people of Lancaster "remained captured by an ultra-conservative, anti-tax philosophy that prevented them from raising funds to repair the crumbling streets.."

Delusions persist about the power of the market and the dangers of governing ourselves. The business media has conditioned us to fear the words 'social' and 'public,' as if they connote evil or ineptitude or anti-Americanism. But the public good depends on cooperation. Society fosters individual accomplishment, not the other way around.

The obscene transfer of wealth and income to the plutocrats won't end until we demand a return to the Commons, where we work as a society rather than allow predatory plutocratic individuals to control us. There are 112 million households in America that are giving thousands of their hard-earned dollars to the 1%, and we have finally begun to fight back, together, as a massive force of Americans who refuse to let the theft continue.
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Old 08-23-2017, 07:30 AM
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Default Re: How 90% of American Households Lost an Average of $17,000 in Wealth to the Plutoc

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Originally Posted by saltwn View Post
no you dont gt to spread that sorry

example:

n his book, Glass House: The 1% Economy and the Shattering of the All-American Town, Brian Alexander describes today's America through the lens of his hometown of Lancaster, Ohio, which had been a leading glasswares manufacturer. But the town started falling apart in the 1980s. A major glasswares company was bought up with borrowed money by private equity firms, which then cut jobs and wages, allowed manufacturing facilities to fall into disrepair, stopped contributing to pensions, moved company headquarters out of state, and demanded tax breaks to keep the glassware plant in Lancaster.
Capitalism as usual. Yet 59 percent of Lancaster's county voted for Trump. Alexander explains that the people of Lancaster "remained captured by an ultra-conservative, anti-tax philosophy that prevented them from raising funds to repair the crumbling streets.."

Delusions persist about the power of the market and the dangers of governing ourselves. The business media has conditioned us to fear the words 'social' and 'public,' as if they connote evil or ineptitude or anti-Americanism. But the public good depends on cooperation. Society fosters individual accomplishment, not the other way around.

The obscene transfer of wealth and income to the plutocrats won't end until we demand a return to the Commons, where we work as a society rather than allow predatory plutocratic individuals to control us. There are 112 million households in America that are giving thousands of their hard-earned dollars to the 1%, and we have finally begun to fight back, together, as a massive force of Americans who refuse to let the theft continue.
Salty, where do you find these sites, or more importantly, why?

The author of your first post:

Paul Buchheit is a college teacher, an active member of US Uncut Chicago. His latest book is, Disposable Americans: Extreme Capitalism and the Case for a Guaranteed Income. He is also founder and developer of social justice and educational websites (UsAgainstGreed.org, PayUpNow.org, RappingHistory.org), and the editor and main author of "American Wars: Illusions and Realities" (Clarity Press). He can be reached at paul [at] UsAgainstGreed [dot] org.

The bolded. Commons is just a PC correct renaming of Socialist.

And no, the poor downtrodden lower classes don't give their wealth to the 1%. They buy stuff from them. Often with money extracted from the top 10% by government force and redistributed to the bottom 50%.
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Old 08-23-2017, 08:36 AM
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Default Re: How 90% of American Households Lost an Average of $17,000 in Wealth to the Plutoc

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Originally Posted by saltwn View Post
no you dont gt to spread that sorry

example:

n his book, Glass House: The 1% Economy and the Shattering of the All-American Town, Brian Alexander describes today's America through the lens of his hometown of Lancaster, Ohio, which had been a leading glasswares manufacturer. But the town started falling apart in the 1980s. A major glasswares company was bought up with borrowed money by private equity firms, which then cut jobs and wages, allowed manufacturing facilities to fall into disrepair, stopped contributing to pensions, moved company headquarters out of state, and demanded tax breaks to keep the glassware plant in Lancaster.
Capitalism as usual. Yet 59 percent of Lancaster's county voted for Trump. Alexander explains that the people of Lancaster "remained captured by an ultra-conservative, anti-tax philosophy that prevented them from raising funds to repair the crumbling streets.."

Delusions persist about the power of the market and the dangers of governing ourselves. The business media has conditioned us to fear the words 'social' and 'public,' as if they connote evil or ineptitude or anti-Americanism. But the public good depends on cooperation. Society fosters individual accomplishment, not the other way around.

The obscene transfer of wealth and income to the plutocrats won't end until we demand a return to the Commons, where we work as a society rather than allow predatory plutocratic individuals to control us. There are 112 million households in America that are giving thousands of their hard-earned dollars to the 1%, and we have finally begun to fight back, together, as a massive force of Americans who refuse to let the theft continue.
Spread what, the truth? Exactly how do you think money circulates? And if it's circulating, it is not stagnant.

"where we work as a society'.... Ummm... have you looked up socialism and time recently?

Jimbo obviously did a little further hunting, and if you pay attention to what he posted, I think you'll find that it is exactly what Buchheit is promoting.
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Old 08-23-2017, 03:45 PM
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Default Re: How 90% of American Households Lost an Average of $17,000 in Wealth to the Plutoc

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Originally Posted by GottaGo View Post
The article is pretty vague about how 'wealth was extracted' from 90% of American households.

Income is not a stagnant pool, of which X amount is allotted to each person or group. You want more money, then do something that makes you worth more.
There is nothing vague about this number. The national debt. Every American man woman and child went approximately $30,300.00 further into debt in the last 8 years. More than all other Presidents combined.

Not an abstraction from vague sources and fancy obscure math.

Simple basic arithmetic; $10,000,000,000,000 over 330 million souls.
Fact!
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Old 08-23-2017, 04:13 PM
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Default Re: How 90% of American Households Lost an Average of $17,000 in Wealth to the Plutoc

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There is nothing vague about this number. The national debt. Every American man woman and child went approximately $30,300.00 further into debt in the last 8 years. More than all other Presidents combined.

Not an abstraction from vague sources and fancy obscure math.

Simple basic arithmetic; $10,000,000,000,000 over 330 million souls.
Fact!
But that debt wasn't caused by the 'wealthy', which is the sad premise that author in the OP would have us believe.

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Old 08-23-2017, 11:10 PM
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Default Re: How 90% of American Households Lost an Average of $17,000 in Wealth to the Plutoc

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But that debt wasn't caused by the 'wealthy', which is the sad premise that author in the OP would have us believe.

That debt was caused by the most corrupt and greedy plutocracy in our nation. The US Government. Of which every Congressman and Senator is a member of "the wealthy."
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