The Congressional Budget Office, a partisan group when Democrats hold power, non-partisan when Republicans hold power, issued a new report yesterday....
In its report, the budget office found that from 1979 to 2007, average inflation-adjusted after-tax income grew by 275 percent for the 1 percent of the population with the highest income. For others in the top 20 percent of the population, average real after-tax household income grew by 65 percent.
By contrast, the budget office said, for the poorest fifth of the population, average real after-tax household income rose 18 percent.
And for the three-fifths of people in the middle of the income scale, the growth in such household income was just under 40 percent.
As tax rates on the top percentages have been reduced over the past 30 years....cut in half in some instances....those same top percentages have enjoyed a windfall income increase of 275% over the same period. Other income groups barely kept up with inflation.
Wisconsin's WonderBoy, Paul Ryan (R-WI).....the primary architect of the Republican Party's thrust to increase that 275% income jump for the top 1% at the expense of old, sick and vulnerable Americans....didn't like the findings in the CBO report because they are not faith-based. So, Ryan did what any typical supply-side, faith-based, ignorer-of-facts, servant-of-the-rich Republican would do....he changed the subject....
“ Let’s not focus on redistribution, let’s focus on upward mobility,” he said. “If these studies are used as justification for erecting new and more barriers for making it harder for people to rise, all that will do is reduce our prosperity in this country.”
Pay no attention to the huge disparity in income distribution over the past 30 years, Ryan said. Of course, that's the entire focus of Occupy Wall Street's protests.....that income and wealth are being unfairly distributed by rich and powerful gamers of a system the gamers paid to create. No surprise that Paul Ryan wants Americans to "not focus on redistribution." Because focusing on how income and wealth has been distributed over the last 30 years....you know.....makes it look like the people whom Ryan represents (the top 1%) have been on the receiving end of most income "redistribution" over the last three decades.
What does Paul Ryan want us to focus on rather than income distribution and imbalances?
"..upward mobility.." You see, in the voodoo economics campfire book for deadenders.....Americans may be getting screwed by the way the economic and taxation system has been gamed by the skimmer slicksters through legislation they have paid for when they supplied the money to elect their ringer politicans. But that crooked, pukefest of greed and oligarchy are good things, according to Ryan...because...because...Americans are empowered by this corrupt system to become upwardly mobile.
As I mentioned, Ryan's take on these issues is totally faith-based, which, by the way, translates in reality-based words to: Ryan is full of sh*t.
There are all those socialist European nations.....Denmark, Norway, Finland, Canada (Oh, my god), Sweden, Germany and France (double Oh, my god)....who actually enjoy GREATER upward mobility than the U.S.
What's more, the study which produced that chart concluded....
"...in America, you’re more likely to stay rich if born rich, and stay poor if born poor, than you are in most European countries."
If you're making-it-up-as-you-go, as Paul Ryan is doing, you're batting an impressive .000 thus far.....can't focus on the egregious distribution of income and wealth over the last 30 years, can't focus on "upward mobility" because the dreaded Europeans are doing better than the U.S.
What Paul Ryan, naturally, will not participate in...I'll tell ya'....is what he accuses President Obama of doing....
“Instead of working together where we agree, the president has opted for divisive rhetoric and the broken politics of the past,” Mr. Ryan said. “He is going from town to town impugning the motives of Republicans, setting up straw men and scapegoats, and engaging in intellectually lazy arguments as he tries to build support for punitive tax hikes on job creators.”
My favorite....especially in light of the CBO's report and the "upward mobility" graph....is Ryan's accusation that Obama is "engaging in intellectually lazy arguments."
But alas...the mighty Ryan goes down swinging....
“We’re coming close to a tipping point in America where we might have a net majority of takers versus makers in society and that could become very dangerous if it sets in as a permanent condition. Because what we will end up doing is we will convert our safety net system — which is necessary I believe to help people who can’t themselves, to help people who are down on their luck get back onto their feet — into a hammock that ends up lulling people into lives of dependency and complacency which drains them of their incentive and the will to make the most of their lives.”
Notice how the "let's work together" Paul Ryan doesn't use "divisive rhetoric" or set up "straw men and scapegoats", like that underhanded, Muslim-socialist does.
One final cleanup on Ryan's soiled dissembling. Often, conservatives claim that if the top 1% is forced to pay a little more in federal taxes, then those "makers" will lose their incentive to flex their entrepreneurial muscles. This faith-based doctrine takes it for granted that the top 1% is chock full of rugged individualistic boot strappers who really rock our economy with new, innovative products and services which, it is alleged, creates all the new jobs.
2.3% of entrepreneurs in America are in the top 1% income bracket.
Perhaps all this information....which, by the way, Paul Ryan also has access to....explains why 69% of Americans polled think Republicans only serve the rich.
But, then, those 69%...7 out of 10 Americans....may only be acting "divisively", you know, "scapegoating" Republicans and building "straw men."
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