Saturday, January 18, 2014

Why you'll never hear The Idiot talk about REAL income inequality

Check out this chart.  All of the numbers are adjusted for inflation. 

It compares the kickoff of LBJ's War On Poverty income stats to those of 2009.  (And yeah, the Evil 1% somehow started doing a lot better in 2009 when Obama got elected.  I wish I had those numbers on here.) 

Everyone is doing better than they were.  Granted, they would be doing better if LBJ had never been born, because trillions and trillions were wasted on redundant government programs rather than productive industry and services. 

But seriously.... are the numbers on that chart something to get worked up over? 

Go here to read the article from which these stats came. 

Let's move on. 

Do you earn more than $34,000 per year? 

Then you are in the Evil 1%.  Yes.  If you pull in 34K, you are in the top 1% of earners in the world. 

When The Idiot gives his next State Of The Union speech, he won't mention this.  He will only talk about income inequality amongst U.S. voters, and how if more power is given to Team Blue, he'll spread around high income voters' stuff a lot more. 

Barack Obama will never, ever mention how our (relatively) free market capitalist system has so many of us so far ahead of the rest of the world that we sometimes think we're in last place. 

But check it out, from Dave Ramsey.  Yeah, $34,000 puts you in the Evil 1%. 

And if you only earn enough to be considered "poor" in the USA, you could still be in the Evil 14%

Worldwide average income is probably someplace between $6,000 and $7,000 per year. 

How much inequality do you really want to eliminate?  Do you want to help the poor starving bastards in North Korea by giving their government all but $7,000 of your income?  Or had you rather see a rising tide of Free Market Capitalism lift every boat in the harbor? 

1 comment:

MingoV said...

The poor in the USA are probably in the top 5% in the world. The left-wingers always fail to include the money value of Medicaid, food stamps, housing allowances, WIC, etc. Adding the money value of those benefits to the income of the poor results in total annual incomes high enough to make the top 5% world-wide.