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View Diary: Bottom 60% of Americans lost wealth between 1983 and 2009 (63 comments)

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  •  Might explain problems with (1+ / 0-)
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    social security and medicare.

    People in the top 1%-5% don't make most of their money as earned income. They quickly maxout their social security obligation.

    With the bottom 60%, who do pay s/s & medicare taxes on every cent they make, making less. Less is going into these programs.

    The real problem with these programs may be the  redistribution of wealth and unemployment.

    Today's problems are yesterday's solutions. Don Beck

    by Sherri in TX on Sat Sep 24, 2011 at 05:54:38 PM PDT

    [ Parent ]

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