Average American income rose 1.1% last year. CEO's? Up THIRTY-EIGHT PERCENT.

I posted this as a reply to another thread but found it so alarming and telling I thought I'd post it alone.



http://www.forbes.com/lists/2007/05/03/highest-paid-ceo...




http://www.census.gov/Press-Release/www/releases/archiv...

And keep in mind--the Census figures INCLUDE the CEO boosts. Think about that a while.
___________________________________________________________________________________________________________________
One Percenters. Use that phrase often (and thanks to havocmom for the idea).

See this thread for more: http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=389&topic_id=2246033&mesg_id=2246033

by getting out there and going shopping!

Edited a stoopud spelling mistake.

If excluded, that would represent a net loss in income, because even core inflation during that period was running 2 to 3 percent.

:shrug:

It's from a Census Bureau press release (I just Googled US, income, 2006) to get it but the Google link no longer works either.

I'll keep trying to find the figures, though.

http://www.nytimes.com/2007/08/29/us/29census.html?_r=1&oref=slogin

Since it comes from census statistics, it probably doesn't adjust--and since so many on the lower SE scale opt out of the census it may be even worse, I suppose.

which are an absolute joke. They don't include food and energy, which could account for 25% of the income for median income workers.

no matter how you cut it, workers are still getting screwed.

Image included in this DU discussion thread:
http://www.democraticunderground.com/discuss/duboard.php?az=view_oet&address=358x4527

then the top 400 represent Upper 0.0003% of the total number of taxpayers.

The top 1% represents approximately 1.3M taxpayers.

I keep telling people I've got far more in common with the poorest Americans than the wealthiest.

That's simply disgusting--and EVERY voter should see it.

To me it shows the absolute necessity for a progressive income tax that's exponential, but the ways in which those are typically enacted in the past keep the top 1% taxed at the same rate as Top 400.

Taking 50% in taxes from a family earning 1 million leaves them $500,000, while taking 50% from the 100 million+ group leaves them with at least $50 million.

While the $500,000 affords a nice, comfortable lifestyle: the $50 million group is left with so much excess disposable income that they can still exert excessive political and economic influence upon every other one of us. They can buy up most company's stock as majority stock holders, for one example, for another, they can grant huge donations to the benefit of both political parties which seems to have influence on our laws.

That group, the Top 400, buys our government and businesses.