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America takes notice of gap in incomes
Houston Chronicle) ^ | December 16, 2006 | MATTHEW BENJAMIN

Posted on 12/18/2006 8:53:12 AM PST by GodGunsGuts

...

The portion of national income earned by the top 20 percent of households grew to 50.4 percent last year, up from 45.6 percent 20 years ago; the bottom 60 percent of U.S. households received 26.6 percent, down from 29.9 percent in 1985, according to the Census Bureau.

Meanwhile, average pay for corporate chief executive officers rose to 369 times that of the average worker last year, according to finance professor Kevin Murphy of the University of Southern California; that compares with 131 times in 1993 and 36 times in 1976.

...

(Excerpt) Read more at chron.com ...


TOPICS: Business/Economy; Culture/Society; News/Current Events
KEYWORDS: depression; despair; doom; dustbowl; grapesofwrath; iluvwilliegreen; williegreenismyhero; woeisus
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1 posted on 12/18/2006 8:53:15 AM PST by GodGunsGuts
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To: GodGunsGuts

Class envy - It isn't just for breakfast anymore.


2 posted on 12/18/2006 8:54:27 AM PST by dfwgator
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To: GodGunsGuts

So?


3 posted on 12/18/2006 8:54:54 AM PST by RockinRight (Barack Hussein Obama, Jr. He's a Socialist. And unqualified.)
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To: GodGunsGuts

What, no BARF alert?


4 posted on 12/18/2006 8:55:23 AM PST by oh8eleven (RVN '67-'68)
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To: GodGunsGuts

IIRC, these stats were thoroughly debunked in the WSJ Editorial Page last week. Stale wrong "News" alert!


5 posted on 12/18/2006 8:55:32 AM PST by Uncle Miltie (Heads up, people! The Nazis are back. They're more numerous and gearing up with atomic weapons.)
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To: GodGunsGuts

"Most of the concern is among Democrats and independent voters, although a majority of Republicans — 55 percent — also called the situation serious."

___________


So much for a valid poll.


6 posted on 12/18/2006 8:55:36 AM PST by rightinthemiddle (Without the Media, the Left and Islamofacists are Nothing.)
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To: GodGunsGuts

Wonder how much more in taxes Matthew Benjamin wants to pay in order to rectify this horrible injustice.


7 posted on 12/18/2006 8:55:46 AM PST by 3AngelaD (ic.)
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To: GodGunsGuts

Conclusion.........


The bottom 60% needs to work smarter !!!


8 posted on 12/18/2006 8:56:20 AM PST by Jeffrey_D. (Seek first to understand, then to be understood)
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To: maui_hawaii; AmericaUnited; traviskicks; Thunder90; GOPJ; OregonRancher; expat_panama; remember; ...

Unbalanced economy ping.

Now for the good news...

"Corporate profits are at their highest level since 1929"

http://money.cnn.com/magazines/fortune/fortune_archive/2006/12/25/8396760/index.htm?postversion=2006121805


9 posted on 12/18/2006 8:56:59 AM PST by GodGunsGuts
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To: Jeffrey_D.

Charlie Rangel has a better idea.


10 posted on 12/18/2006 8:56:59 AM PST by Eric in the Ozarks (BTUs are my Beat.)
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To: GodGunsGuts

This means Pelosi&Co's harping about middle class wages has no traction.


11 posted on 12/18/2006 8:58:16 AM PST by PRND21
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To: GodGunsGuts
Meanwhile, average pay for corporate chief executive officers rose to 369 times that of the average worker last year, according to finance professor Kevin Murphy of the University of Southern California; that compares with 131 times in 1993 and 36 times in 1976.

The Golden Rule: He who has the gold, makes the rules.
12 posted on 12/18/2006 8:58:30 AM PST by Old_Mil (http://www.constitutionparty.com/)
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To: Eric in the Ozarks
"Charlie Rangel has a better idea."


Yea, well I have an idea for Charlie, but Olive said we need to keep it clean !!!

Merry Christmas Olive!!!
13 posted on 12/18/2006 8:58:41 AM PST by Jeffrey_D. (Seek first to understand, then to be understood)
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To: GodGunsGuts

[...The portion of national income earned by the top 20 percent of households grew to 50.4 percent last year, up from 45.6 percent 20 years ago; the bottom 60 percent of U.S. households received 26.6 percent, down from 29.9 percent in 1985, according to the Census Bureau...]

In other words, more people from the lower income portion of this census have moved up to the upper portion, reflecting a stonger gravitation into and upward from the middle class.

Did I read that part correctly, or did I draw conclusions based on what was left out?


14 posted on 12/18/2006 8:59:02 AM PST by Tenacious 1 (No to nitwit jesters with a predisposition of self importance and unqualified political opinions!)
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To: GodGunsGuts

Funny that these little diatribes always choose to compare the income of CEOs with average workers. CEO is of course a hated term for a hated man - the boss. And after Ken Lay and a series of high profile financial fraud cases it is somewhat synonymous with "crook".

I'd like the article re-written using these other overpaid individuals:

NBA Player salaries have risen 245% faster than average workers.

First tier Hollywood Stars have seen income increase 330% faster than average workers.

Successful World Tour of Poker players have seen income rise 1034% faster than average workers.

Thankfully in our country it still means something to work hard and achieve things. Whether in the realm of tossing a little ball through a hoop, pretending to have emotions and faking sex, or being a really good poker player. Given the huge premium paid to "the best" at these trivial pursuits the fact that a CEO (most of whom have advanced degrees and years of experience unlike those listed above) who runs a company that likely provides essential goods and services is paid a premium upsets me not at all.


15 posted on 12/18/2006 9:00:59 AM PST by Jack Black
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To: rightinthemiddle

Sounds like the Democrats should have let the Social Security reforms pass....so the lower income people could have benefitted from the stock market.....but NOOOOOOOOOO


16 posted on 12/18/2006 9:01:05 AM PST by Youngman442002
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To: dfwgator

And by the way the bottom 50% of wage earners in the US pay only 3% of all taxes.


17 posted on 12/18/2006 9:01:26 AM PST by Ouderkirk (America won't win another war until the 1960's flower children are pushing up petunias.)
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To: Brad Cloven
"IIRC, these stats were thoroughly debunked in the WSJ Editorial Page last week. Stale wrong "News" alert!"



More Junk Science..........


WATER IS DANGEROUS

A student at Eagle Rock Junior High won first prize at the Greater Idaho Falls Science Fair, April 26. He was attempting to show how conditioned we have become to alarmists practicing junk science and spreading fear of everything in our environment. In his project he urged people to sign a petition demanding strict control or total elimination of the chemical "dihydrogen monoxide."

And for plenty of good reasons, since:

* it can cause excessive sweating and vomiting
* it is a major component in acid rain
* it can cause severe burns in its gaseous state
* accidental inhalation can kill you
* it contributes to erosion
* it decreases effectiveness of automobile brakes
* it has been found in tumors of terminal cancer patients

He asked 50 people if they supported a ban of the chemical.

* Forty-three (43) said yes,
* six (6) were undecided,
* and only one (1) knew that the chemical was water.

The title of his prize winning project was, "How Gullible Are We?"
He feels the conclusion is obvious.
18 posted on 12/18/2006 9:02:32 AM PST by Jeffrey_D. (Seek first to understand, then to be understood)
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To: GodGunsGuts

This is one of the most liberally-biased articles I've ever seen.


19 posted on 12/18/2006 9:02:32 AM PST by rightinthemiddle (Without the Media, the Left and Islamofacists are Nothing.)
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To: GodGunsGuts

Sounds like incentive to work hard, study hard, and do better for you and your family.


20 posted on 12/18/2006 9:03:13 AM PST by theDentist (Qwerty ergo typo : I type, therefore I misspelll.)
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