What Is A Genuine Depression?

The Working Poor: Welcome to Walmart!

http://www.zerohedge.com/news/2014-12-01/working-poor-welcome-walmart

“For the Privileged (especially those near the very top); life is a never-ending gravy-train. Their incomes soar higher and higher and higher – at a rate never before seen in our society. Their wealth soars higher and higher and higher – at a rate never before seen in our society.”

“Conversely; life for the “low social class”, the Serfs, is entirely opposite in every respect. Their standard of living falls lower and lower and lower – having collapsed by more than 50% since 1970″

“The lying politicians, lying bankers, and lying media tell all of the Serfs and the Homeless that this is “the New Normal”: their lives are supposed to get worse and worse and worse every year (while the lives of the Privileged get better and better and better). There’s “no money” to pay the Serfs a fair, livable wage claim the corporate Robber Barons.

Another lie. While Serf incomes remain permanently frozen (and their standard of living spirals relentlessly lower); corporate profits for U.S. corporations have more than doubled since 2000. This isn’t “normal”; it’s simple, economic rape: the Rich stealing from the (Working) Poor day after day, every day or their lives. How successful have they been with this stealing? The “Poor” used to be the Middle Class.”

there is a MASSIVE flow of wealth going on

from the bottom to the top

p.s. there is no such thing as class in the U.S. Class does not mean just rich or poor. Class means a permanent station that is superior or inferior to the other stations.

I have read the article you posted. From your article:

The problem is this is not accurate. During recessions, it is typical for the incomes of the rich to fall faster than the middle class. Of the millionaires you know, how many of them are now struggling financially? The only Americans who appear to be getting richer are government employees. Obama uses slick accounting gimmicks to back up his claim that the rich are getting richer.

The recession has not increased income inequality. The number of millionaires in the US has declined by 39 percent since 2007, and the so-called super rich, Americans making more than $10 million per year, has fallen by 55 percent. Even the liberal New York Times recently admitted that the rich have become poorer since Obama took office.

The most recent data from the IRS reveals that between 2007 and 2009, income of those in the 99th percentile income bracket fell from $410,096 to $343,927. The 99.9th percentile income fell from $2,155,365 to $1,432,890. The top one percent’s income, which mostly climbed throughout the 2000s, has fallen to lower levels than in 2000. The top one percent earned only 16.9 percent of all adjusted gross income last year, down from 20 percent in 2008."

Jeez, do almost no work and get almost 50 grand? Please tell me how to get that gig. I worked my fanny off this year and will probably make a little over $17,000. I pay out about $100 in taxes, etc., every two weeks when I get paid. This year I got $18 back; next year I will probably owe. EIC? Not for the past four years. The only help I got was the credits toward my Obamacare. My share was $81/month. My retired mother was forced to sacrifice satellite TV, which i was paying for, so that I could pay for Obamacare. Now I receive word that my current plan will go up to $122/month. Affordable care, my fanny! And I used it not once this year, as i didn't go to a doctor.

Let us remember that the NFL and NHL pay no income tax in America. Same for a good many corporations. So we pay their share, as well as our own.

And lastly do we, in this situation, view those females who were married when they had the children, and then got divorced as single mothers, or just those who were never married?

If people waited till they were sure they could afford to have children, the earth's population would be a hell of a lot smaller.

ViQueen24 wrote: Jeez, do almost no work and get almost 50 grand? Please tell me how to get that gig. I worked my fanny off this year and will probably make a little over $17,000. I pay out about $100 in taxes, etc., every two weeks when I get paid. This year I got $18 back; next year I will probably owe. EIC? Not for the past four years. The only help I got was the credits toward my Obamacare. My share was $81/month. My retired mother was forced to sacrifice satellite TV, which i was paying for, so that I could pay for Obamacare. Now I receive word that my current plan will go up to $122/month. Affordable care, my fanny! And I used it not once this year, as i didn't go to a doctor. Let us remember that the NFL and NHL pay no income tax in America. Same for a good many corporations. So we pay their share, as well as our own. And lastly do we, in this situation, view those females who were married when they had the children, and then got divorced as single mothers, or just those who were never married? If people waited till they were sure they could afford to have children, the earth's population would be a hell of a lot smaller.

 Sleeping too much, poor hygeine, idle hands.

umm

that is one tenth of a percent controls 90% of the wealth

and since that does not seem to be enough for you

how much wealth should that one tent of a percent control

I suppose your are a great supporter of trickle down economics ???

do you understand how great wealth is acquired?

do you understand how it is increased ?

your posts indicate a resounding NO to both those questions

hint

look to history

nothing changes

nothing

ASB, please read more carefully. 1. I was being sarcastic when I asked how to get that gig. 20 years ago, when my mother became disabled, I bailed out of my life elsewhere and worked four jobs here rather than her be on welfare or lose her house. 2. My mother did not have to cancel her satellite, I did, because I didn't think it was right to accept credits toward Obamacare and have satellite. And no way could I have afforded to pay for both. My mother and I co-own our home and split the bills. I went to free over-the-air TV, which is what I can now afford. The signal drops and becomes pixilated and she has to get up and move the antenna around alot. She's handicapped and it sucks for her. After working 34 years as a nurse, she deserves a little something for her amusement, but I had to cancel it to comply with the law and get Obamacare. No one is asking you to feel bad. I'm saying I feel bad, like I'm letting my mother down. 3. "Someone else is paying" for the corporations who are not paying, not me? Well, let's see, last pay i cleared $558. I paid out $109, $10 of which went to Social Security, the rest for various taxes. There are 64 people that work at the turnpike plaza i work at. 4 are managers and are making alot more money than i am; 14,including the four managers, are married/cohabitating and with combined incomes are probably paying more in taxes. There are only two of us getting Obamacare, 4 getting food stamps, one gets "underemployment" when the company cuts him down to two days a week in the winter. Most of us used to be in better job situations in steel/manufacturing/tech, till we were deemed too old, or our companies folded, merged or downsized. We got these kind of jobs rather than go on welfare and be one of those people you were talking about. A handful of us took these jobs "temporarily till our ailing loved ones got back on their feet", only they never did. Your comments that "someone else" is compensating for the corporations' loopholing tax-dodging, not me, or people like me in plazas and workplaces like it all over this country is a slap in the face.

I know, paragraphs. Sorry, did not intend to go on so long. The good news is that roughly 1/4 of my workplace are kids who are working their way through school so that they can eventually pick up more of the corporations' tab than half of us in the plaza are capable of doing at this time.

ViQueen24 wrote: ASB, please read more carefully. 1. I was being sarcastic when I asked how to get that gig. 20 years ago, when my mother became disabled, I bailed out of my life elsewhere and worked four jobs here rather than her be on welfare or lose her house. 2. My mother did not have to cancel her satellite, I did, because I didn't think it was right to accept credits toward Obamacare and have satellite. And no way could I have afforded to pay for both. My mother and I co-own our home and split the bills. I went to free over-the-air TV, which is what I can now afford. The signal drops and becomes pixilated and she has to get up and move the antenna around alot. She's handicapped and it sucks for her. After working 34 years as a nurse, she deserves a little something for her amusement, but I had to cancel it to comply with the law and get Obamacare. No one is asking you to feel bad. I'm saying I feel bad, like I'm letting my mother down. 3. "Someone else is paying" for the corporations who are not paying, not me? Well, let's see, last pay i cleared $558. I paid out $109, $10 of which went to Social Security, the rest for various taxes. There are 64 people that work at the turnpike plaza i work at. 4 are managers and are making alot more money than i am; 14,including the four managers, are married/cohabitating and with combined incomes are probably paying more in taxes. There are only two of us getting Obamacare, 4 getting food stamps, one gets "underemployment" when the company cuts him down to two days a week in the winter. Most of us used to be in better job situations in steel/manufacturing/tech, till we were deemed too old, or our companies folded, merged or downsized. We got these kind of jobs rather than go on welfare and be one of those people you were talking about. A handful of us took these jobs "temporarily till our ailing loved ones got back on their feet", only they never did. Your comments that "someone else" is compensating for the corporations' loopholing tax-dodging, not me, or people like me in plazas and workplaces like it all over this country is a slap in the face. I know, paragraphs. Sorry, did not intend to go on so long. The good news is that roughly 1/4 of my workplace are kids who are working their way through school so that they can eventually pick up more of the corporations' tab than half of us in the plaza are capable of doing at this time.

Dear VIQueen24,

ViQueen24 wrote: No, ASB, I do not need (communists, socialists, fascists, or anyone one may choose to favor with those or other labels) to tell me how to perceive what i see every day i work. I work for a corporation, and get to see the way it and the one in the adjoined building operate. I know how they think, how they rationalize, how they lie, how they have their employees defend policies to our customers that only serve the corporation, not the employees, and contrary to what most customers think, those rules do not favor the customer. Neither, despite what the customer thinks, do they usually have that much power, because they usually have no idea why things are done the way they are, because employees are threatened with "corrective action" if they tell the customer the truth. Do you know that my company will not promote you if you have even once been written up for anything. I know that not all corporations are bad, but it is not hard for me to believe the bad things that the (your convenient label here) say, because I have seen so much of it in 9 years with this company, the one next door, and others in my 31 working years. With any luck, within a year or two I will have successfully launched my own business, and be able to make a long-overdue exit. Sadly, most of my co-workers describe equally bad stories about other corporations they have worked for, leading me to believe whether we are talking about corporate welfare, or the way they treat their employees and customers, either way we are talking about such a lack of integrity that they deserve defense from no one. You must excuse me, but alot of my reaction a day or two ago is because I get heartily sick and tired of the way hard-working poor people are lumped in with welfare queens, lazy deadbeats, etc. At my plaza, of course you will find the lazy and the under-performing just like you will anywhere, but most there are a pretty awesome bunch who go far above the call of duty and of their pay grade to look out for the customers as well as each other. Many are quiet everyday heroes with stories similar to what you would see on "Undercover Boss", and deserve as much or more respect as entertainers, sports figures or people with letters after their names. And they rarely get it.

I was listening to a radio commentator a while back talking about the Occupy protest and in the course of the discussion it was mooted that the protesters were against the banks and wanted to see their downfall because they (the protesters) had nothing in the banks except debt. That people with savings weren't protesting. 

A recession is when your neighbor loses his job. A depression is when you lose your job.