“Scary numbers
November 6, 2016David F. RuccioLeave a commentGo to comments
from David Ruccio
Gabriel Zucman, in his article in the special issue of Pathways, “State of the Union: The Poverty and Inequality Report 2016” (pdf), reveals lots of scary numbers about wealth inequality in the United States.* The scariest is the percentage of wealth owned by the top 0.1 percent of households, which “has exploded in the U.S. over the past four decades.”
The share of wealth held by the top 0.1 percent of households is now almost as high as in the late 1920s, when The Great Gatsby defined an era that rested on the inherited fortunes of the robber barons of the Gilded Age.
In recent decades, only a tiny fraction of the population saw its wealth share grow. While the wealth share of the top 0.1 percent increased a lot in recent decades, that of the next 0.9 percent (i.e., 99–99.9) did not. And the share of total wealth of the “merely rich”—households who fall in the top 10 percent, but are not wealthy enough to be counted among the top 1 percent—actually decreased slightly over the past four decades. In other words, $20 million fortunes (and higher) grew much faster than smaller fortunes in the single-digit millions.
The flip side of this trend is, of course, the wealth of the bottom 90 percent, which actually grew from 15 percent in the 1920s to 36 percent in the 1980s but dramatically declined thereafter. According to the most recent data, the members of the bottom 90 percent collectively own just 23 percent of total U.S. wealth, about as much as in 1940.” (SEE CHART at RWER SITE)

Yes, indeed, these are scary numbers.
Increase……. Wages, Jobs, the Standard of Living
Decrease…… Federal Debt, Poverty, Inequality Gaps,
CURE …….the “Fatal Flaw”, “Systemic Failure” and possible “Monetary Collapse”,
…………..…..the FED warned about in 2008, as well as the “TBTF” or “TBTG”,
………………..TRUMP asked,“was it a bad business decision or a fiduciary violation ?”

Federal Personal Income Tax: 2016 Form:
“Inequality and Poverty Reduction Adjustment Program”
“Increase……. Wages, Jobs, the Standard of Living
Decrease…… Federal Debt, Poverty, Inequality Gaps.”

Taxation is a ways and means by which a Monetary Sovereignty recaptures currency already in circulation.
Currency that it can redistribute without changing the quality or quantity of the entire currency.
Capitalism demands inequality.
Capitalism demands proportional rewards.
The size of the ‘Gaps’ are a demand of the administration of the quality and quantity of these ‘gaps’.
It is the size of the gaps where the administration of inequality becomes distorted.
American Capitalism (Republican Democratic Capitalism) allows everyone to achieve
‘The American Dream’ and to retain that “Fair Share”.
But that dream should not impede the poor and elderly from achieving their FAIR SHARE. Nor should it impede risk and reward which will ultimately lead to a betterment for all.
A federal taxation of personal income must recognize the sanctity of “The fruits of mankind’s labor”
A federal taxation of personal income should be used to control the distribution of income to obtain a fair and just sharing of the American Dream.
A federal taxation of personal income, a just and fair sharing of the worlds riches while maintaining the greatest standard of living.
A federal taxation of personal income is not a required source for government spending. Taxation for spending can be acquired (As this system already knows) by “other means” than personal income taxation.There are many better ways to INCREASE REVENUE for government spending.
You will hear that this plan will increase the standard of living, will increase jobs, and still there is many ways to tax.
The BEST Plan to raise revenue is to create millions of new American Jobs.
“Money now is a license to live.” (Frederick Soddy 1932) and we must preserve that American Dream that allows
for the basic dignity of mankind; a good standard of living, life, liberty and the pursuit of happiness.

Federal Personal Income Tax: 2016″

Brackets & Rates for Married-Joint filers:
Less than $100,000: 12%
More than $100,000 but less than $225,000: 25%
More than $225,000: 33%
*Brackets for single filers are ½ of these amounts
ALL income is taxable and must be reported
Tax Group One (12%)
Income up to $50,000 will be taxed at a rate of…..12%
JOINT Income up to $100,000 taxed at a rate of…12%
Tax Group Two (25%)
Income from $50,001 to $150,000 will be taxed at a rate of …..25%
JOINT Income up to $100,001 to $150,000 will be taxed at a rate of …..25%
Tax Group Three (33%)
Income from $150,001 to$500,000 will be taxed at a rate of ..33%
NO exemptions. NO loopholes.Period.
The Trump Plan will increase the standard deduction for joint filers to $50,000, from $12,600, and the standard deduction for single filers will be $25,000.
Tax must be paid, any claim of injustice may be filed for a proportional refund which would become a tax credit if approved.

***The Tax Group One (12%) will receive a 6% distribution to replace their loss caused by sales taxes which are a detriment to their ‘standard of living’. This 6% will also replace any Social Security loss.The rebate will help grow our economy as well as allow wage earners to keep their share of the American Dream and raise the standard of living.
***The Tax Group One (12%) , and Tax Group Two (25%) will receive a 15% ‘take home’ pay increase.
This is at ZERO cost to production (The minimum wage concept would cost jobs as well as increase production cost). There will be no FICA payment taken out of their pay.
This merely places what was earned in their paycheck; it is the 15% F.I.C.A. that was withheld from them; now going directly into their take home pay.
***The Tax Group One (12%) , and Tax Group Two (25%) will receive a direct tax credit as provided for ‘Child and Home Care’. Tax credits that become ‘overages’ will become an immediate cash refund.
***The Tax Group One (12%) , and Tax Group Two (25%) will receive a direct tax credit of $2,000 for each child under the age of 18 for HEALTH AND EDUCATIONAL MAINTENANCE.
This is an increase in wages, an increase in Social Security, a direct increase in income to more than 50% “of the people.” and it will be done “with a reduction in National Debt”.

**”Corporate Repatriation of Trillions of U.S. Dollars”.
**”QE” ! A change in direction: Doing something for the common betterment of all the people (Instead of the banks).
**”Eliminate Student Debt Burden”

Trillions ($16,000,000,000,000 proven) have been spent to help banks and business,isn’t it time to help the people?
Help to lower the gaps of inequality, help the more than 130 million in the grip of poverty, help raise the standard of living; all at the same time, while creating 10 million new jobs while creating disaster relief and reducing the national debt.
Reverse “… an economic recovery program that has privileged the recovery of financial markets
and corporate profits has fueled the increase in wealth inequality, in the United States and across the world.”
Reverse that program, make it fund “…a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defense, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity,…”

** “Corporate Repatriation of Trillions of U.S. Dollars”.
DONALD J TRUMP knows we can use the $1 to $5 Trillion ( U.S. Dollars )owned by US Corporations that is frozen overseas.
Within first 30 days in office, a special deal will be made to repatriate these trillions of dollars.
The corporations will be offered the right to purchase “Special 2016 5 Year Treasury Bonds with 0% interest…TAX FREE.
This $1 to $5 trillion dollars will be used to create 25 million new jobs. $1 to $5 trillion will be used to purchase “TAXPAYER INCOME REVENUE PRODUCING ASSETS (TIRPA) that will create 25 million new jobs. Done while producing a stream of tax revenue to be used for Congressional appropriations. “TIRPA” a simple plan, using our resources, making purchases of STATE BONDS which will create 25 million American new jobs ‘for the people, by the people, of the people’. Produce CLEAN WATER, CLEAN AIR, CLEAN ENERGY and NEW INFRASTRUCTURE IN EACH STATE.
” QE4JOBS”, Plans to create millions of jobs that will pay for themselves while decreasing federal debt, poverty, as well as the income gap….or stated another way, “How does this capitalistic government create an INCOME stream over and above its budget, while decreasing its present debt, while having complete control over the quality and quantity of its currency?
Have the American financial system rush to the rescue with a generous and flexible legal funding that no other country could match.
Not a bailout.
Not a cost to all the taxpayers.
Not an increase in deficit spending.
Rather a magic economic proven golden bullet, (Bernanke should get the Noble Prize for this).
QE! A simple change in direction of doing something for the common bettering of all the people.
Especially those in need now.
The FEDS did in fact QE for the Private For Profit Banks.
$$$$$$16,000,000,000,000.00 (TRILLION) .
The FEDS made direct purchase of bank assets.
Why not have the FEDS do for the States exactly that-purchase from each state $100 billion of State improvement bonds w/ terms of 2% for 36 years.(??5.0 TRILLION ??)
Thereby creating 25 million new jobs and producing new infrastructure and disaster relief while at the same time producing an income stream (tax revenue)or as banks call “Net Interest Income”, (money that by law is to be turned over to Congress for appropriations).
The answer is already known by Obama and Hillary but both decided to not do it, both decided
it was better to stay with the rigged system.
AS OBAMA SAID(almost 5 years ago), (12/11/11 “60 MINUTES)
”You can’t raise revenues by lowering taxes unless you get the money from somewhere else.”
TRUMP understands where to get the money.


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