>46th president >1st cuck One of these things is true >protip: its 1st cuck
Michael Martinez
4-5% I'm just saying he is the only one that can take apart the Republican base along side the Democratic. If Yang doesn't get it - it will be Trump again
>Imagine thinking categories are questions on Jeopardy fucking retarded
Mason Robinson
Sorry we were looking for Andrew Yang. Vermin Supreme the next question is for you
Caleb Adams
No way. Dems would lose what little credibility they have if they went with their Own billionaire. Wont ever happen
Aaron Ross
>average trump supporter I hope they find these people and actually put them on a slow boat to Russia when Bernie gets elected. Let's see how long they last.
Bernie... the guy who literally went to the Soviet Union on his honeymoon. The man who stated he would never say a bad word about Soviet communism. That Bernie?
Thomas Kelly
Stay mad.
Alexander Cruz
The top 1 percent pulling away
Income growth has also become grossly unequal within the top 5 percent, with the distribution of market income most heavily concentrated within the top 1 percent of households by income. Between 1979 and 2007, real income rose cumulatively by 240.5 percent among the top 1 percent of households by comprehensive income (which includes government transfers and employer-provided benefits), versus 71 percent for the 95th–99th income percentiles, 55.3 percent for the 90th–95th percentiles, and 40.6 percent for the 80th–90th percentiles. This compares with cumulative income growth of just 19.2 percent for the middle fifth and 10.8 percent for the bottom fifth of households.
Congressional Budget Office (CBO) data measuring comprehensive household income show that the top 1 percent of households captured 38.3 percent of total income growth between 1979 and 2007, more than the collective income gains of the bottom 90 percent of earners (36.9 percent).
Brayden Morales
Fake conversation Gay too
Ryan Turner
The role of capital income
This trend of lopsided income growth is true of both labor income (i.e., wages and salaries) as well as broader measures that include investment income—capital gains, dividends, and business income from S corporations and partnerships. And the rise of capital income as a share of total income—at the expense of labor income—has greatly contributed to the rising income share of the top 1 percent of households by income. Capital income is heavily concentrated at the top of the income distribution, with roughly 75 percent of the benefit of the preferential rates on long-term capital gains and qualified dividends accruing to the top 1 percent of households ranked by income (Toder and Baneman 2012).6
The share of overall income (as opposed to income growth) accruing to the top 1 percent of earners rose from 9.6 percent in 1979 to 20 percent in 2007; of this 10.4 percentage point increase, 3.4 percentage points, or roughly one-third of the increased share, would not have occurred without the shift toward capital income away from labor income (Mishel et al. 2012).
Alexander Sanders
We should take a step back and feel pity for the Bernie supporters. Hillary and the DNC fucked him out of any chance at the nomination in 2016, and the DNC is doing their best to fuck Bernie out of the nomination in 2020. They're not even hiding it this time. They're changing the rules on the primary caucus that serve only to promote other candidates over Bernie. Just wait till the super-delegates come into play again.
That said, I hope he somehow wins the nomination. Imagine Bernie defending socialism in a debate. Lulz.
Gavin Clark
Your daily reminder- Bernie Sanders is part of the 1%.
Oliver Wright
Bernie Sanders, YOUR next President. YOUR President.
Jose Collins
Equalizing effects of the tax and transfer system?
During the period from 1979 to 2007, government tax and transfer policy did not effectively push back against this sharp market-based rise in inequality, and by many measures the tax and transfer system has actually exacerbated pretax inequality trends, creating even less equitable growth in post-tax, post-transfer income.
Changes in post-tax, post-transfer income shares generally track changes in market income shares.7 CBO data for the post-1979 period show that both market income and post-tax, post-transfer income shares have risen for the top 5 percent of households and fallen for the bottom 95 percent of households (Mishel et al. 2012). For the top 1 percent of households, a 9.7 percentage-point rise in market income share is closely tracked by a 9.6 percentage-point rise in post-tax, post-transfer income share. For the 40th–95th income percentiles, changes in the tax and transfer system have, on average, cushioned the declining shares of market income, whereas post-tax, post-transfer income shares have fallen by even more than market-based income shares for households in the bottom two-fifths of the income distribution.
Nathan Cox
That changes in post-tax, post-transfer income shares are driven, at least in direction, by changes in market income suggests that meaningfully curbing inequality growth would require more than increasing the progressivity of tax and budget policy; policies would need to directly or indirectly slow the rising share of market-based income accruing to the top 1 percent of households.
Accounting for the effects of taxes and transfers, U.S. income inequality, as measured by the Gini index, rose 33.2 percent between 1979 and 2007 (see Figure A). In terms of only market income the index rose 23.2 percent, meaning that roughly 30 percent of the rise in post-tax, post-transfer inequality between 1979 and 2007 can be attributed to changes in the redistributive nature of tax and budget policy. It is still the case, however, that shifts in the market distribution of income are the primary factors driving the rise in inequality.
Jayden Baker
Declining progressivity of the tax code
Since the end of World War II, U.S. top individual income tax rates have declined markedly, as have effective tax rates on corporate income, capital income, and inheritances. Consequently, the federal tax code has become much less progressive (Piketty and Saez 2007). The top statutory marginal tax rate has fallen from just over 90 percent in the 1950s, to 70 percent in the 1970s, to 50 percent in the mid-1980s, to 35 percent for most of the past decade (TPC 2013a). The taxable income cutoff above which the top rate is applied for married joint filers has also fallen precipitously, from roughly $3 million in the early 1950s (adjusted to 2012 dollars), to roughly $1 million in the early 1970s, to just $388,350 in 2012 (TPC 2013b).
The top federal income tax rate stood at 70 percent in 1979 and averaged an even higher 80.6 percent between 1947 and 1979 (TPC 2013a). By 2007, the top rate had been cut in half to 35 percent, and it averaged just 40.8 percent between 1980 and 2007. Causality aside, distinctly lower top marginal tax rates were in effect during the period of rising income inequality as opposed to the years of equitably shared growth (1947–1979).
Alexander Turner
Dreams are great. As long as you don't believe in fantasy when reality tells you something entirely different. This is why the democrats melted down after the 2016 election. It never entered their minds that it was even POSSIBLE for President Trump to win.
I would recommend you start now and consider that he will win re-election.
Jason Rogers
And just as the divergence of income growth has been most striking within the top income percentile, the decline in tax progressivity in recent decades is most striking there as well, as depicted in Figure C. There has been a remarkable convergence of effective tax rates within the top 1 percent of earners, particularly between 1971 and 1988 and again between 1993 and 2004, with a recent sharp decline in 2004 as the Bush-era tax cuts on capital gains and dividends took effect. The effective tax rate for the top hundredth of a percentile (i.e., tax filers in the 99.99-percent-and-above range by income) has fallen by more than half, from 71.4 percent in 1960 to 34.7 percent in 2004, versus a decline for the 99.5–99.9th percentiles from 41.4 percent in 1960 to 33.0 percent in 2004 (Piketty and Saez 2007).8
Connor Morgan
your right,thats all america needs.another jew(sarcasm)
just like you dealt with obama's presidency? oh right,you didnt.you threw tantrums every second of the day about him just like people are doing with donald trump
now shut the fuck up snowflake
Ryan Flores
any "economist" who claims u.s. tax rates are low knows literally nothing about the topic
Andrew Cooper
No, not that one. Talking bout the Bernie who never had a job. Who never ran or owned a business. Who has been in Congress for over 20 years and all he did was get a post office and road renamed. You know, the guy who wanted about millionaire then became one and now they OK, it's now the billionaires. The Bernie who preaches about low wages and wouldn't even pay his campaign workers his minimum. The same Bernie who when forced to pay them more, laid them off. That's the Bernie we talking about.
Brody Taylor
Not my senator let alone president. You’re gonna end up with mayo Pete. Please stay home in protest again. Thx faggot
Nolan Scott
Be Calm. Hillary and I will be campaigning with Donald and look forward to meeting all Trump supporters to ensure Bernie will be defeated.
imagine having enough money to live in a foreign country but still staying in america.LOL,this is why america is a hopeless country
Jaxon Gonzalez
>communism
whats worse,conservatards who call bernie a communist.or libtards who call donald trump a nazi
Aaron Moore
It's a sad time for the Democrat voter. On one hand, you had the Republican establishment that expected Jeb to become the GOP candidate in 2016 and on the other, you had the establishment on the left that SUCCESSFULLY got their candidate, Hillary the nomination.
The left AND right establishment, despite what they'd say on camera, would have accepted either a Clinton or a Bush in the white house. The same people would attend the same dinner parties and the nation be damned.
Trump winning screwed everything up for BOTH those sides.
And now, their current planned candidate, Joe Biden is sinking faster than Nokia stock. Bernie will get screwed out of the nod AGAIN, and the voters will have to chose between Mayor Buttplug or some other 3rd tier candidate.
Gavin Morris
Wait, I thought all Trump supporters were all rich fat-cats.
Ryder Harris
the richest people vote mostly democrat
Charles Russell
Oh. I had no idea. Odd, considering the Democrat voter's vilification of the "1%". Care to elaborate on that?
Kevin Jones
>that expected jeb to become the gop candidate
yet they made a guy who hates the bush family president instead.this is how big of a joke the republican party is
Lincoln Hall
Bernie Sanders, YOUR PRESIDENT.
Jose Thomas
Well, both the Democrat AND Republican parties are a joke. They're more concerned with maintaining their Washington DC power structure than actually serving the American People. Like I said, both parties would have been happy with either a Bush or a Clinton as president.
Fuck this 1% bullshit Its not the 1% that are the problem its the 0.001% that are the problem
Wtf is wrong with you tards
Luis Myers
>mfw america doesnt understand how there own goverment works
donald trump has been the democrats bitch ever since you redneck idiots lost the midterms
maybe if we stopped giving ignorant pieces of shit like you voting rights the country might actually improve for once
Alexander Scott
>donald trump has been the democrats bitch ever since you redneck idiots lost the midterms Odd how he was still acquitted.
Ian Ross
quote your .001% studies and memes, they are welcome here friend
Nathan White
Odd how the presidents isnt the only person who runs the country.have fun when democrats take over the senate in 2020,and then your orange moron can continue to get fucked by the democrats like he's did ever since the midterms
I will think about your wise, unbiased words later when I look over my investment portfolio. I guess my money should have quadrupled under a democrat president instead of merely doubling under President Trump.
>ORANGE MAN BAD!
Isaac Morris
Like Bill Clinton. Got it.
Cameron Morales
Yes both were and are forever impeached
Hunter Martinez
these company valuations are totally grounded in reality sure
And both were and are forever acquitted of committing a crime. Got it.
Henry Scott
Cool, a hundred more of those and Bernie can buy another sports car. Do you think he'll give you a ride in it?
Jose Rogers
>I'm a Cuckservative and only we have investments nobody else
Kevin Jones
With an impeachment stain on their perfect presidencies, bigly
Hunter Flores
not likely, his greatest opponent is the Democratic party
Josiah Foster
NICE
Julian Gray
I'm glad ALL investors were able to make money these past 3 years. What kind of psychopath would think otherwise? Investments help the economy for everyone.
Jaxon Roberts
>Bernie rich bad >Orange Dumb Fuck Cuck man good
Kevin Powell
It's been a bull market for 10 years Trump didn't do shit
It's between the guy making $300,000, who still feels poor, and the man who made $37 million a day for a year. Both are lumped together by politicians, the media and even economists as "the rich" or "the 1 percent," who are gaining at the expense of everyone else. ..... Emmanuel Saez, an economics professor at the University of California, Berkeley, who is a leading expert on top incomes, and Gabriel Zucman, assistant professor at the London School of Economics and a visiting scholar at UC Berkeley, found that the top 1 percent is really two groups.
Kayden Gomez
Bet you wouldnt be saying that of the economy had tanked in 2018
Caleb Watson
TSLA $900 lol
tesla is a 100B dollar company moving like a penny stock.
your investments are a ponzi scheme, hope you get off the wild ride in time.
Andrew Kelly
Either could Trump
Aaron Gonzalez
They said the same thing about Google (Alphabet). It's up 2800% in about 15 years.
Brody Edwards
2.5 million isnt the 1 percent you dumb fucking hick.
Cooper Smith
>using google as an example to be compared with anything
No, the next president will take office in January, 2025. That term will end in January, 2029.
Kevin Peterson
lol no
Jason Morris
the land has a gender?
Aiden Butler
Ladies and gentlemen a fucking idiot.
Noah Parker
There's no competition. A fake Indian? Socialist? ... the dnc isn't gonna allow that. Yet. A fag? Way not ready. Chink? No way. Biden? He's just a tool for the lost impeachment.
You have a better shot than this list.
Ryder Torres
Bernie Sanders, and ALL OTHER dems but one are for reparations.
Andrew fuckin' Yang is the only candidate that is NOT for reparations.
Yang has the toughest immigration policy of ALL dem candidates, the others are very "open border" policy focused.
The Freedom Dividend gives republicans a reason to vote for him - they can spend their 1k a month on the issues they believe matter.
That user is also a fag, so it a better chance....
Ethan Watson
*so not
Colton Lopez
Honestly i wouldnt mind yang but i doubt he will be close. The dems wont allow it
Jeremiah Rivera
This nonsense is predicated on the belief that the economy will grow under massive tax increases. History has shown that when faced with massive increases in taxation, investors take their money somewhere else.
Ayden Cruz
>The stories and information posted here are artistic works of fiction and falsehood. >Only a fool would take anything posted here as fact.
the mantra of Cred Forums has never been more on the mark than it is right now.