Are you missing 17K?

[packman]

".. multi-millionaires effectively shifted nearly $4 trillion in wealth away from the rest of the nation to themselves in 2016. While there’s no need to offer condolences to the rest of the top 10 percent, who still have an average net worth of $1.3 million, nearly half of the wealth transfer ($1.94 trillion) came from the nation’s poorest 90 percent — the middle and lower classes, according to Piketty and Saez and Zucman. That’s over $17,000 in housing and savings per lower-to-middle-class household lost to the super-rich.

Put another way, the average 1 percent household took an additional $3 million of our national wealth in one year while education and infrastructure went largely unfunded.

It gets worse: Each middle-class household lost $35,000 to the 1 percent"

HOW ? Basically destroying the housing market, attacking wages, plundering tax bases in small towns, etc., etc. Author of article gives the example of Lancaster, Ohio as a town (that voted for Trump) as being a victim of destructive capitalism.

The enemy, I believe more and more, isn't the Republicans or the right- it is capitalism which sucks out the life and security of the average American who cannot see that force acting on them and then blaming the left for all their woes.

The old Bible quote:

I tell you that to everyone who has, more will be given, but from the one who has not, even what he has will be taken away.

http://extragoodshit.phlap.net/index.php/how-90-percent-of-american-households-lost-an-average-of-17000-in-wealth-to-the-plutocrats-in-2016/#more-400265

[Buns_of_Fire]

1. Sadly K&R'd. Not much else to say.

Except to wonder if a dry rub is sufficient, or will they have to be marinated?

[dalton99a]

2. The GOP wants to give them more.

Much more.

[BSdetect]

3. Money makes money that's the reality.

Trouble is so many believe that they can be reality stars or win the lottery or just get rewarded for hard work.

They work hard so poor people must be lazy.

Poor people are sucking down their wealth through taxes.

Reality awareness requires keeping up with facts.

Brinwashed to believe wealth distrubtion is socialism.

At least some young people are getting over that BS now.

[haele]

4. If I look what I would have been paid in the job I am currently in compared to

what this job paid 15 years ago in today's dollars, I'd say I've probably lost closer to $20K.

This job - an annual salary job - pays a little less now than it did 15 years ago. And I have more hours working at inconsistent hours than my predecessor 5 years ago did (i.e., 6 hours yesterday and today, 10 - 12 hours planned next Monday and Wednesday, over the weekend when necessary type of work, rather than a regular 40 hr. week).

Haele

[JEFF9K]

5. REPUBLICAN capitalism doesn't work, unless you are rich. FDR-style capitalism isn't bad. nt