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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThese startling new statistics show just how bad Trump's policies are for most of America
By David Cay Johnston, DC Report @ Raw Story - Commentary
September 14, 2020
If you are in the 99% here is how well you are faring under Trump policies compared to the 1%for each dollar of increased income that you earned in 2018, each One-Percenter got $88 more income.
Huge as that ratio is, its small change compared to the super-rich, the 0.01% of Americans with incomes of $10 million and up. That ratio is $1 for you and $2,215 for each super-rich American household.
The slice of American income pie going to the poor shrank under Trump by the same amount that it grew for the super-rich.
Ponder that for a moment. For each additional dollar that you earned in 2018 compared to 2016, each of the wealthiest taxpayers got an additional $2,215.
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https://www.rawstory.com/2020/09/startling-new-data-shows-just-how-bad-trumps-policies-are-for-most-of-america/
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Enlightneing, infuriating read. I cna't understand why so many people trust that thing with the economy.
BComplex
(8,053 posts)CrispyQ
(36,470 posts)1) For decades the right has been telling the American public that republicans are better for business/economy. Even though evidence shows that dems are better, we are quiet & let them frame the narrative & rule the debate.
2) Too many people judge the economy by the DOW & not by how far their dollar goes at the grocery store, or when the last time was they got a pay raise that actually give them an edge up in their life vs. just barely keeping up with inflation.
So many of our problems come down to a gullible, ignorant public.
"As people do better, they start voting like Republicans - unless they have too much education and vote Democratic, which proves there can be too much of a good thing." ~Karl Rove
Karadeniz
(22,521 posts)To avoid having to use their brains. They prefer being told what to think, so they're easy marks for fascist dictatorial govts like Trump and the GOP and their backers want.