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Author: MrCheeryO Big funky green star, 20000 posts Top Recommended Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 61203  
Subject: With Libertarian Friends Date: 2/13/2007 11:30 PM
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Who needs enemies? Why are people saving less than nothing for the first time since the Great Depression?

Reason: Free Markets, Free Minds
...The rich are indeed getting richer (the bastards).....
...But everyone is getting richer. In real dollars, every quintile has posted significant annual increases over the past 35 years....

http://www.reason.com/news/show/118611.html

He's using this chart
http://www.census.gov/hhes/www/income/histinc/h01ar.html

Bottom Folks
2000....20,314
2005....$19,178 (Losers)

2nd quintile
2000....37,408
2005....$36,000 (Losers)

3rd quintile
2000....59,143
2005....$57,660 (Losers)

4th quintile
2000....92,688
2005....$91,705 (Losers)

Top 5 Percent
2000....164,617
2005....$166,000 (Winners)

Bush-a-lose-lose-lose-lose-win proposition.

Bottom Folks
1970....16,057
2005....$19,178, +19%, 35 years.

Third quintile
1970....44,739
2005....$57,660, +28%, 35 years.

Top 5 Percent
1970....100,898
2005....$166,000 +64%, 35 years.

"Libertarian" losers.
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