Saturday, February 7, 2015

AMERICANS (Legals) FLEE CALIFORNIA AS THE DEMOCRAT PARTY and MEXICO EXPAND LA RAZA'S LOOTING - Is California Mexico's Biggest Welfare Office? Income inequality soars in every US state

Income inequality soars in every US state

ON THE STATE LEVEL ALONE, ILLEGALS COLLECT $28 BILLION IN SOCIAL SERVICES

AND FLOOD THE PRISON SYSTEM AS WELL.

COUNTIES LIKE MEX-OCCUPIED LOS ANGELES PAY OUT EVEN MORE. LOS ANGELES,

THE GATEWAY FOR THE MEXICAN DRUG CARTELS, PAYS OUT ONE BILLION IN

WELFARE TO ILLEGALS, PRIMARILY ANCHOR BABY BREEDERS.

HOSPITALS IN CALIFORNIA PAY OUT $1.6 BILLION IN "FREE" GRINGO-PAID

HEALTHCARE. THIS IS ORCHESTRATED BY MEXICAN CONSULATES.


Income inequality soars in every US state

By Andre Damon
30 January 2015
Income inequality has grown in every state in the US in recent decades, according to a new study published this week by the Economic Policy Institute. The report, entitled The Increasingly Unequal States of America, found that, even though states home to major metropolitan financial centers such as New York, Chicago, and the Bay Area had the highest levels of income inequality, the gap between the rich and the poor has increased in every region of the country.

“It doesn’t matter if you’re looking at Hawaii or West Virginia or New York or California, there has been a dramatic shift in income towards the top,” said Mark Price, an economist at the Keystone Research Center in Harrisburg, Pennsylvania, and one of the study’s co-authors, in a telephone interview.

The report noted that between 2009 and 2012, the top one percent of income earners captured 105 percent of all income gains in the United States. This was possible because during this period the average income of the bottom 99 percent shrank, while the average income of the top one percent increased by 36.8 percent.

To varying degrees, this phenomenon was expressed throughout the country. In only two states did the income of the top one percent grow by less than fifteen percent.

The enormous concentration of wealth in the top 1 percent was even further concentrated in the top .01 percent. In New York, for instance, someone had to make $506,051 per year to be counted in the top one percent, but $16 million to be in the top .10 percent. The average income within the top .01 percent in New York was a staggering $69 million.

“Most of what’s driving income growth are executives in the financial sector, as well as top managers throughout major corporations,” said Dr. Price. “Those two together are the commanding heights of income in this economy.”

Dr. Price and his co-author, Estelle Sommeiller, based their study on the methods of Thomas Piketty and Emmanuel Saez, whose widely-cited research analyzed the growth of income inequality for the United States as a whole. Using state-by-state data from the Internal Revenue Service, much of which had to be compiled from paper archives dating back almost a century, Price and Sommeiller were able to make a state-by-state analysis of income inequality since 1917.

Nationwide, the average income of the top one percent of income earners is 29 times higher than the average income of the bottom 99 percent. But in New York and Connecticut, the average income in the top 1 percent is 48.4 amd 51.0 times higher than the average for the rest of earners, respectively.
New York City is the home of Wall Street and boasts more billionaires than any other city in the world. Connecticut is home to many of the largest hedge funds in the world. Ray Dalio, the founder of Westport, Connecticut-based hedge fund Bridgewater Associates, earned $3 billion in 2011 alone.
While the average income of the bottom 99 percent of income earners in New York state was $44,049, the average income of the top one percent was $2,130,743. For the United States as a whole, the top one percent earned on average $1,303,198, compared to an average income of $43,713 for the bottom 99 percent.

In California, the most populous US state, the top one percent received an average income of $1,598,161, which was 34.9 times higher than the average pay of the bottom 99 percent. In 2013, four of the highest-paid CEOs in the United States were employed by technology companies, which are disproportionately located in California. At the top of the list was Oracle CEO Larry Ellison, with a current net worth of $53.4 billion, who made $78 million in pay that year.

The study shows that the average income for the bottom 99 percent of income earners is relatively consistent across states, with no state showing an average income more than 33 percent above or below the average for the whole country.

The average incomes of the top one percent varied widely, however: from $537,989 for West Virginia to $2.1 million in New York. According to Forbes, the wealthiest resident of West Virginia is coal magnate Jim Justice II, who, with a net worth of $1.6 billion, is the state’s only billionaire. New York City, by contrast, has four residents worth more than $20 billion, including chemical tycoon David Koch, with a net worth of $36 billion; former Mayor Michael Bloomberg, with a net worth of $31 billion; and financiers Carl Icahn and George Soros, worth $20 billion apiece.

Yet despite the broad disparity in the relative concentration of the ultra-rich, every single state showed a pronounced and growing chasm between the wealthy few and the great majority of society. In Alaska, which has relatively high wages and few billionaires, the incomes of the top one percent were on average more than fifteen times higher than the bottom 99 percent.

The report noted that exploding CEO pay has set “new norms for top incomes often emulated today by college presidents (as well as college football and basketball coaches), surgeons, lawyers, entertainers, and professional athletes.”

Price added, “As the incomes of CEOs and financiers are rising, you’re starting to see that pull, almost like a gravity starting to pull up other top incomes in the rest of the economy.

“A University president might claim, ‘I run a big institution, you expect me to raise money from some of the wealthiest people in the country, you’ve got to pay me a salary that helps me socialize with them.’”

Price said that, while inequality figures are not available nationwide on the local level, his work on income inequality in the state of Pennsylvania shows that income inequality is growing in counties throughout the state, in both rural and urban centers.

Nationwide, the income share of the top one percent fell by 13.4 percent between 1928 and 1979, a product of the New Deal and Great Society reforms, as well as higher taxes on top earners. These measures were the outcome of bitter and explosive class struggles. But in subsequent years, that trend has been reversed.

As a result, income inequality in New York State was even higher in 2007 than it was in 1928, during the “roaring 20s” that gave rise to the Great Depression. In the period between 1979 and 2007, every state saw the income share of the top 1 percent grow by at least 25 percent.

Citing a previous study by the Economic Policy Institute, the report noted that “between 1979 and 2007, had the income of the middle fifth of households grown at the same rate as overall average household income, it would have been $18,897 higher in 2007—27.0 percent higher than it actually was.”

The enormous growth of social inequality is the result of an unrelenting, decades-long campaign against the jobs and living standards of workers. Under the Obama administration, the redistribution of wealth has escalated sharply, through a combination of bank bailouts and “quantitative easing,” which has inflated the assets of the financial elite.

These policies have been pursued by both parties and the entire political establishment, which is
squarely under the thumb of the corporate and financial oligarchy that dominates American society.



LA RAZA-OCCUPATION and LOOTING in
MEXIFORNIA…. shocking!

“Californians bear an enormous fiscal burden as a result of an illegal alien population estimated at almost 3 million residents. The annual expenditure of state and local tax dollars on services for that population is $25.3 billion. That total amounts to a yearly burden of about $2,370 for a household headed by a U.S. citizen.”


“Until the dishonesty and tactical bluster cease, California is at serious risk of becoming a Third World entity, and the longer Democrats are in power, the more businesses will continue to flee the state, the more wealthy taxpayers will relocate and the more our standard of living will continue to decline.”

Opinion

California must stem the flow of illegal immigrants

The state should go after employers who hire them, curb taxpayer-funded benefits, deploy the National Guard to help the feds at the border and penalize 'sanctuary' cities.
“Illegal immigration is another matter entirely. With the state budget in tatters, millions of residents out of work and a state prison system strained by massive overcrowding, California simply cannot continue to ignore the strain that illegal immigration puts on our budget and economy. Illegal aliens cost taxpayers in our state billions of dollars each year. As economist Philip J. Romero concluded in a 2007 study, "illegal immigrants impose a 'tax' on legal California residents in the tens of billions of dollars."


Low-Income Workers Fleeing California

 

Wall Street Journal reporter Allysia Finley on low-income people fleeing California, in addition to the rich.


 
Americans (Legals) have become a passive society while Mexico loots and occupies.

Here’s what the Democrat Party and Mexico have done to CA.

CALIFORNIA: MEXICO’S LOOTED WELFARE STATE



WILL THE DEMOCRAT PARTY, THE MEXICAN FASCIST PARTY of LA RAZA and MEXICO DESTROY CALIFORNIA? ISN’T IT ALREADY A LOOTED WELFARE COLONY OF MEXICO’S WHERE ALL THE JOBS ALSO GO TO MEXICANS?



AMERICAN’S FIGHTING OBAMA’S FORCED LA RAZA OCCUPATION:

Patriots in Murrieta, CA Fight Obama’s Alien Invasion


CALIFORNIA – MEXICO’S $28 BILLION DOLLAR WELFARE STATE


CALIFORNIA IS A LOOTED COLONY OF MEXICO. THE LA RAZA-CONTROLLED STATE LEGISLATURE PASSES LAW AFTER LAW THAT BENEFITS ILLEGALS AND ENCOURAGES MORE OF THEM TO HOP OUR BORDERS.

 

Most Illegal Immigrant Families Collect Welfare… ALL GET
AMERICAN JOBS???

April 05, 2011

 

Surprise, surprise; Census Bureau data reveals that most U.S. families headed by illegal immigrants use taxpayer-funded welfare programs on behalf of their American-born anchor babies.





CRONY CAPITALISM and WEALTH INEQUALITY in AMERICA

How Barack Obama destroyed the American middle class and built Mexico’s LA RAZA welfare state in America.


OBAMANOMICS: SERVING THE 1% WITH ENDLESS INVADING HORDES OF ILLEGALS TO KEEP WAGES DEPRESSED - Official enthusiasm over January jobs report belied by economic reality

Official enthusiasm over January jobs report belied by economic reality

THE AMNESTY HOAX TO LEGALIZE

MEXICO'S LOOTING AND BUY MORE

ILLEGALS' VOTES IS ONLY ABOUT

KEEPING WAGES DEPRESSED!

Official enthusiasm over January jobs report belied by economic reality

By Nick Barrickman
7 February 2015
The US Labor Department released its monthly jobs report Friday, showing that US businesses added 257,000 positions for the month of January. The unemployment rate increased slightly, from 5.6 to 5.7 percent, while the labor force participation rate rose to 62.9 percent. The Labor Department said the increase in the unemployment rate was due to unemployed workers returning to the job market.

The Obama Administration hailed the figures, proclaiming in a statement that, “with today’s strong employment report, we have now seen eleven straight months of job gains above 200,000—the first time that has happened in nearly two decades.”

Media commentators cited the figures as proof that US workers were experiencing the effects of an economic recovery. “The January jobs report isn't just a single piece of good news. It marks a sea change in the labor market in which the middle class and working class are finally starting to get ahead,” wrote Bloomberg economic editor Peter Coy.

The ecstatic response to the jobs report came despite the

announcement this week of some of the worst mass layoffs and

store closings in recent memory. On Wednesday, Office supply

retailer Staples announced plans to buy its rival Office Depot,

which would result in the closure of up to a thousand stores and

tens of thousands of layoffs.

On Thursday, electronics retailer RadioShack filed for bankruptcy, saying it plans to close up to 3,500 stores, meaning tens of thousands of additional layoffs.

Also this week, the e-commerce giant eBay announced plans to let go of 2,400 workers this quarter due to “weak holiday sales.” Mass layoffs have been announced within the last month by American Express, Schlumberger, Baker Hughes, DreamWorks Animation, and clothing retailers J.C. Penney and Macy’s.

In January, all major groups of workers saw either increasing or stagnant unemployment rates.

Teenagers saw the highest amount of joblessness, increasing to 18.8 percent.

Job growth in January was dominated by the mostly low-paying retail sector, accounting for 46,000 positions – the largest amount from any industry. Construction firms and manufacturers added 39,000 and 22,000 jobs, respectively, and hotels, restaurants and other service sector areas added 37,100 positions.

The number of officially jobless US workers remained at roughly 9 million. The long term jobless, those out of work for 27 months or more, made up 2.8 million of the total amount, or over 31 percent. The report notes that over the past year, this group has seen only a slight decrease in its ranks.

Underemployed workers, or those working part-time for economic reasons, were counted at nearly 6.8 million. According to the Economic Policy Institute, the US economy still has more than 5.8 million “missing workers” who have given up on looking for work. If these workers were to be included in official counts, the unemployment rate would stand at roughly 9 percent today.

Wage growth in the US has remained virtually stagnant. January’s 12 cent wage increase, bringing average US wages to $24.75 an hour, represents an increase of less than 0.5 percent. A report released last September by the US Federal Reserve noted that average US household income dropped by 12 percent from 2007 to 2013, a decline of nearly $6,400 a year for the typical American household. According to the Census Bureau’s Supplemental Poverty Measure, 47 percent of Americans have incomes below 200 percent of the official poverty level, characterizing half of the country as either poor or near-poor.

The economic “recovery” long touted by the US

political establishment has seen an expansion of

low-paying jobs as higher-paying ones have been

eliminated. A 2014 report by the National

Employment Law Project notes that while US

businesses have added 1.85 million low-wage jobs

over the past six years, they have eliminated 1.83

million medium-wage and high-wage jobs.

This week, Jim Clifton, head of the Gallup polling agency, penned a scathing denunciation of the claims that the US unemployment rate is back to “normal” levels.

“There’s no other way to say this,” he wrote. “The official unemployment rate, which cruelly overlooks the suffering of the long-term and often permanently unemployed as well as the depressingly underemployed, amounts to a Big Lie.”

“Gallup defines a good job as 30+ hours per week for an organization that provides a regular paycheck. Right now, the U.S. is delivering at a staggeringly low rate of 44%, which is the number of full-time jobs as a percent of the adult population, 18 years and older. We need that to be 50% and a bare minimum of 10 million new, good jobs to replenish America’s middle class.”

He added, “I hear all the time that “unemployment is greatly reduced, but the people aren’t feeling it. When the media, talking heads, the White House and Wall Street start reporting the truth—the percent of Americans in good jobs; jobs that are full time and real—then we will quit wondering why Americans aren’t ‘feeling’ something that doesn’t remotely reflect the reality in their lives.”



CONGRESS – ILLEGALS SAP TAX DOLLARS… CA alone puts out $28 billion in social services to illegals and that’s on the state level.
 

CONGRESS DECLARES THAT ILLEGALS SAP TAX DOLLARS… SO THEN
 
WHAT WOULD 40 MILLION LEGALIZED MEXICAN LOOTERS DO??? GO
 
OUT AND VOTE GOP?

 
http://mexicanoccupation.blogspot.com/2013/05/congress-declares-illegals-drain-on-tax.html



OBAMANOMICS: CLOSET REPUBLICAN BARACK OBAMA’S GIFT TO THE 1% and WALL STREET LOOTERS!



 
“As Obama and the Democrats know perfectly well, the supposedly “progressive”

elements of his budget will be rejected by the Republican Congress, while the pro-

corporate and militarist meat of the proposal will be enacted.”


ISN’T THE DEM PARTY THE BANKSTER-FUNDED PARTY FOR THE 1%, OPEN BORDERS and NO LEGAL NEED APPLY?!

“The token social spending measures in the budget are aimed at perpetuating the

fraud that the Democrats are the party of the “middle class”—as opposed to the

pro-business Republicans—in preparation for the 2016 presidential election.”


BILL GATES SAYS HIRING AMERICANS (Legals) IS DISGUSTING WHEN THERE ARE BOATLOADS OF IMMIGRANTS WILLING TO WORK FOR ONE-THIRD LESS!

THERE ARE NO BILLIONAIRES THAT DO NOT WANT AMNESTY,  NO E-VERIFY, AND OPEN BORDERS TO KEEP WAGES DEPRESSED TO THIRD-WORLD LEVELS!

 

THE AMNESTY HOAX TO KEEP WAGES DEPRESSED

AND PASS ALONG THE REAL COST OF MEXICO’S

LOOTING, WELFARE AND CRIME TIDAL WAVE IN

AMERICA’S OPEN BORDERS.

 


“This gain, however, comes at the expense from a total reduction of U.S. workers’ wages per year of $402 billion—this reduction being the consequence of competition from immigrant workers…”

 

BUT WE STILL GET THE TAX BILLS FOR MEXICO’S LOOTING AND CRIME TIDAL WAVE!