Want to tic off a liberal who says that the rich are getting richer and the poor are getting poorer? Show them this report from the Treasury Department that exposes those claims as so much “populist hokum.” The reason it will tic them off is obvious. It takes the wind right out of their class warfare, class envy sails. The reality is that over the last 10 years, the lowest quintile of working people have seen the largest percent increase in their income, 90.5%. At the opposite end of the spectrum, the highest quintile realized an increase of 10 % over the same time period.
A closer examination of that highest quintile, the upper 20% of working people, highlights even more the fallacy of the left’s argument about the rich getting richer. When you look at the top 10 percent of the highest quintile, that is to say, the top ten percent of income earners, they saw their incomes actually decline to the point where the top 1 percent, the ‘filthy rich’, were the biggest losers. Their income decreased by a whopping 25%.
The great irony is that, in the name of reducing inequality, some of our politicians want to raise taxes and other government obstacles to the kind of risk-taking and hard work that allow Americans to climb the income ladder so rapidly. As the Treasury data show, we shouldn’t worry about inequality. We should worry about the people who use inequality as a political club to promote policies that reduce opportunity.
Key findings. . .
- There was considerable income mobility of individuals in the U.S. economy during the 1996 through 2005 period with roughly half of taxpayers who began in the bottom quintile moving up to a higher income group within 10 years.
- About 55 percent of taxpayers moved to a different income quintile within 10 years.
- Among those with the very highest incomes in 1996, the top 1/100 of 1 percent, only 25 percent remained in this group in 2005. Moreover, the median real income of these taxpayers declined over this period.
- The degree of mobility among income groups is unchanged from the prior decade (1987 through 1996).
- Economic growth resulted in rising incomes for most taxpayers over the period from 1996 to 2005. Median incomes of all taxpayers increased by 24 percent after adjusting for inflation.
- The real incomes of two-thirds of all taxpayers increased over this period. In addition, the median incomes of those initially in the lower income groups increased more than the median incomes of those initially in the higher income groups.
WSJ Opinion Journal link
Income Mobility Study link
Earmark smearmark, where is the will to forbid them? Not in Washington DC that’s for sure. Washington’s fix regarding earmarks works as good as their answer to campaign financing. It still goes on but it now has a different name, “congressionally directed spending.” Take Rahm Emanuel for example. He is chairman of the House Democratic Caucus and has been a major proponent of making earmarks in spending bills more transparent. Rahm speaks with forked tongue.
Rep. Rahm Emanuel was extremely proud when the House passed a major spending bill early this year that contained not a single special-interest project. “This is an earmark-free bill,” the Illinois Democrat jubilantly declared on Feb. 1.
A week later, however, he and 18 other Illinois lawmakers signed a letter to the Energy Department to “express our strong support” for a bio-energy project at the University of Illinois. Emanuel also sent his own letter to the department seeking “support and assistance in securing” $500,000 for Children’s Memorial Hospital in Chicago and $750,000 for the Illinois Institute of Technology.
Such requests for specific institutions are commonly known as earmarks. But Emanuel, a member of the Democratic House leadership, declines to call them that. “Letter-writing is not an earmark,” he said in an interview.
What perfect Clinton-speak. Letter-writing for earmarks is not an earmark. That and, it depends on what the definition of is is. Pelosi and Reid are doing a bang-up job on their ethics reform campaign, beginning with William (Dollar Bill) Jefferson (D-LA). And it goes downhill from there.
Washington Post link: Pet Projects’ Veil Is Only Partly Lifted
Proof that the fairness doctrine is a big mistake, the left has sprouted up a new presence on the Internet in the form of GoLeft.tv. It’s a mistake in the sense that everyone has a shot at playing pundit, success or failure depends on them, not the government.
They are properly optimistic, with all the bravado of the kick-off of Air America Radio a couple years ago. From the press release. . .
“Ann Coulter, Rush Limbaugh, Sean Hannity, Michael Savage, Bill O’Reilly, Michael Medved and the rest of right-wing, conservative media, beware!”
Among the people behind GLTV is a familiar face in Air America Radio land. Pensacola attorney Mike Papantonio, and his buds at his BIG LAW law firm are the major “investors” in the project. The “Pap Attack” is something he does on his Air America Radio show called the Ring of Fire, available on short wave, the Internet and a few conventional AM outlets. As referenced in the previous post, watching a minute or two of the Pap Attack will give you an idea what hate radio (hate Internet?) is.
The core of the democrat party, the left-wing blogosphere, is now taking cowardice to the next level as a strategy. Running away from a FOX sponsored political primary debate was just the beginning. Now it’s fashionable, even laudable that the candidates refuse to answer questions. “Democratic style” democracy in action. Why should we need to know what a candidate feels about a subject anyway?
Alabama Senator Jeff Sessions (R) released a list today of 20 loopholes in the current immigration bill. Watch how little attention this gets in the MSM. But first, check out Session’s press release where he lists the 20 loopholes.
Then get on the phone or email your representatives. Never mind that you may have already done that. Do it again.
Continue reading 20 Loopholes In Immigration Bill →
Meet Glenn McCall, the first black GOP chairman for York County, South Carolina.
“People feel that just because I’m African-American, I should be a Democrat,” McCall, 52, said Monday, two days after being elected without opposition during the county party convention.
“I feel I need to stand on my own convictions and values.”McCall, currently the only black GOP chairman statewide, said the party’s platform on issues such as abortion and gay marriage resonate with him. He said his faith drives his politics.
McCall hopes more black conservatives will get involved with the GOP. Here Here
While watching the newscasts today of the al-Sadr instigated demonstrations in Iraq, demonstrations against U.S. and coalition forces, here is the one news item the media is sure to miss. Gen. Petraeus’ letter to the Iraqi people upon the 4th anniversary of the fall of Saddam’s regime. It’s also time to review the 7 reasons (not 1) that we went into Iraq in the first place.
To the Iraqi People:
Monday, April 9, 2007 will mark the 4th anniversary of the liberation of Iraq from Saddam Hussein’s regime.Â For many in Iraq and around the world, it will be a time for reflection on the early days after liberation in 2003 and on what has transpired since then. Continue reading General’s Letter To The Iraqi People →
Has ‘Let’s Roll’ morphed into Let’s Roll Over? That’s what it seems like when you examine the democrats’ view of foreign policy, especially as it pertains to the Iraqi front in the war on terror. For more on this apparent suicide in the making, visit Michelle Malkin’s post. Although Michelle’s post is regarding the 15 British troops who were taken hostage, the same can be said of some in the democrat party today. Let’s Roll Over and Cut & Run, there’s not a hair’s difference between them.
Meet Marc Danziger, a liberal democrat who wants to win the war, not run from it. He also believes that the war in Iraq is just one front in the overall global war on terror. And he has a plan to support any and all efforts to that end. He has started The Victory PAC.
For a perspective you haven’t heard from another liberal, with the exception of Sen. Joe Lieberman (D-Ct), here’s where Marc is coming from.
I’m a liberal Democrat (pro-gay marriage, pro-choice, pro-progressive taxation, pro-equal rights, pro-environmental regulation, pro-public schools) who supported and supports the war in Iraq. As I tell my liberal friends “Did I miss the part where it was progressive not to fight medieval religious fascists?”
I’ve been waiting for four years for the White House to start really explaining the war to the American people, and to do anything sensible at all to maintain the political capital necessary to keep America in the fight – to keep us from withdrawing because the war is too messy, or too long, or just plain makes us feel bad.
Marc is a liberal who knows who the real enemy is, and its not George Bush.
Thanks to Michelle Malkin for the heads up on Victory PAC
Sen. Charles Schumer (D-NY) feels that A.G. Gonzalez should resign for illegal snooping into people’s private lives. This is the same guy who, as head of the Senate Democrat Campaign Committee, brushed aside the issue of people in his office that were caught illegally obtaining the credit background of republican senate challenger, Maryland’s Lt. Gov. Michael Steele. And the MSM gave him a total pass.
“And so this department has been so political that I think for the sake of the nation, Attorney General Gonzales should step down,” Schumer said.
What’s good for the goose . . .
related link: Residual Forces