thestatedtruth.com | March 21, 2014
It’s no secret that the rich are only getting richer, and everyone else is heading the other way. At some point, the rich will sink their boat. Just a matter of time! So….The U.S. Income Gap has now soared to the widest gap since the “Roaring 20’s”. Yep, 10% of the population now make over 50% of all earned income! […]
thestatedtruth.com | May 27, 2013
Here are some statistics that seem unbelievable….. An astounding 53 percent of all American workers make less than $30,000 a year. In the United States today, the wealthiest one percent of all Americans have a greater net worth than the bottom 90 percent combined. The six heirs of Wal-Mart founder Sam Walton have as much wealth […]
thestatedtruth.com | April 23, 2013
It’s now a rich mans world, but it wasn’t always this way! As the Pew Research Center finds, during the first two years of the US economic ‘recovery’, the mean net worth of households in the upper 7% of the wealth distribution rose by an estimated 28%, while the mean net worth of households in the lower 93% […]
thestatedtruth.com | June 11, 2012
Fed Says U.S. Wealth Fell 38.8% in 2007-2010 because of Housing….Duh! The financial crisis wiped out 18 years of gains for the median U.S. household net worth, with a 38.8 percent plunge from 2007 to 2010 that was led by the collapse in home prices, a Federal Reserve study showed. Median net worth declined to $77,300 in […]
thestatedtruth.com | March 30, 2012
So, this is how things looked at the top of the real estate and stock market….how do you think they look now? We’re thinking not any better for the average person.
thestatedtruth.com | January 10, 2012
This is truly a statement about the rich. Let’s clarify that, the very rich. Porsche has its biggest backlog ever. Buyers of the 263,000-euro ($335,667) Lamborghini Aventador will have to wait more than a year for delivery, while demand for the 107-year-old Rolls-Royce brand (at $246,000 to $380,000 each) is breaking all time records. Sales of […]
thestatedtruth.com | January 8, 2012
thestatedtruth.com | November 15, 2011
From the master himself, Warren Buffett…“Through the tax code, there has been class warfare waged, and my class has won,” Buffett said. “It’s been a rout. You have seen a period where American workers generally have gone no place, and where the really super rich as a group increased their incomes five for one in […]
thestatedtruth.com | October 19, 2011
We think most everyone respects Steve Wynn, the famous Las Vegas developer…but maybe even more so now! Here anew are Steve Wynn’s own words on Prsident Obama, “You cannot sustain these deficits, you cannot undercut the people that form the jobs and create the employment in this country. Now, that is simply a statement of fact. It isn’t a partisan political pitch.” “It’s […]
thestatedtruth.com | April 7, 2011
The top 1 percent have over 40 percent of all financial wealth in this country. And…The top 1 percent has never done so well in relative terms. In fact we would have to go back to the years prior to the Great Depression to find such a glaring divide with income inequality: Source: Center on […]
thestatedtruth.com | February 22, 2011
How Rich Are The Superrich A huge share of the nation’s economic growth over the past 30 years has gone to the top one-hundredth of one percent, who now make an average of $27 million per household. The average income for the bottom 90 percent of us? $31,244.
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