[Duende]

I would like to catalog the devastating statistics that describe the economic collapse, now in progress. I'm talking jobs, housing, poverty rate, homelessness rate, etc., you name it. All I ask is that you cite your stats.

I'll start with this:

The top 1% of Americans 'earn' 25% of the income and 'own' 40% of the wealth.

http://www.vanityfair.com/society/featu ... ent-201105

[Fishman]

Just terrible, and they pay 40% of the taxes, more than the bottom 95%
http://taxfoundation.org/blog/show/24944.html

Strange, you didn't mention anything about jobs, or any of the other things you mentioned.

[prajeshbhat]

$this->bbcode_second_pass_quote('Duende', 'T')he top 1% of Americans 'earn' 25% of the income and 'own' 40% of the wealth.

[careinke]

$this->bbcode_second_pass_quote('Duende', '
')My intention for this thread - which I acknowledge wasn't clearly spelled out - was to serve as a single location for people to put their single best examples of cited statistics for how jacked up our situation is.

[careinke]

Here is another one. The US is virtually tied with Japan for the HIGHEST Corporate tax rate in the world.

http://alhambrainvestments.com/blog/200 ... ntry-oecd/

[careinke]

Or this one. The US spends more on its military than the combined budgets of, (In decending order): China, UK, Japan, Russia, Italy, France, Germany, KSA, India, Brazil, Australia, South Korea, Spain, Turkey, Canada, Iraq, Israel, Taiwan, and Afghanistan.

http://www.globalfirepower.com/defense- ... budget.asp

[Sixstrings]

$this->bbcode_second_pass_quote('careinke', 'H')ere is another one. The US is virtually tied with Japan for the HIGHEST Corporate tax rate in the world.

http://alhambrainvestments.com/blog/200 ... ntry-oecd/

[careinke]

$this->bbcode_second_pass_quote('Sixstrings', '')$this->bbcode_second_pass_quote('careinke', 'H')ere is another one. The US is virtually tied with Japan for the HIGHEST Corporate tax rate in the world.

http://alhambrainvestments.com/blog/200 ... ntry-oecd/

[Pops]

$this->bbcode_second_pass_quote('', 'S')o the Federal government will have spent over $6 trillion--almost 41% of the nation's annual GDP--just to keep GDP stagnant. That $1 trillion a year in extra spending is 7% of the GDP, which implies that if the Federal budget returned to the carefree, free-money days of 2007, the GDP would contract by 7%.

[Pops]

Stay on topic

[prajeshbhat]

$this->bbcode_second_pass_quote('Sixstrings', ' ')And hire the best lobbying firm money can buy, as Ranger said above.. maybe you should also donate to Rick Perry, pay for one of his Key West getaways or send his wife to Europe for shopping.. democracy is pay to play dsula -- as Herman Cain says, if you're not rich enough to know how to avoid taxes then it's your own darn fault you're not rich.

[dsula]

$this->bbcode_second_pass_quote('Sixstrings', '')$this->bbcode_second_pass_quote('careinke', 'H')ere is another one. The US is virtually tied with Japan for the HIGHEST Corporate tax rate in the world.

http://alhambrainvestments.com/blog/200 ... ntry-oecd/

[dsula]

$this->bbcode_second_pass_quote('Sixstrings', ' ')And hire the best lobbying firm money can buy, as Ranger said above.. maybe you should also donate to Rick Perry, pay for one of his Key West getaways or send his wife to Europe for shopping.. democracy is pay to play dsula -- as Herman Cain says, if you're not rich enough to know how to avoid taxes then it's your own darn fault you're not rich.

[Serial_Worrier]

I'm truly sickened that some people busted their butts and became very wealthy! Sickening I tell ya!

[PrestonSturges]

$this->bbcode_second_pass_quote('careinke', '')$this->bbcode_second_pass_quote('Sixstrings', '')$this->bbcode_second_pass_quote('careinke', 'H')ere is another one. The US is virtually tied with Japan for the HIGHEST Corporate tax rate in the world.

http://alhambrainvestments.com/blog/200 ... ntry-oecd/

[smiley]

$this->bbcode_second_pass_quote('', 'I') would like to catalog the devastating statistics that describe the economic collapse, now in progress

[rockdoc123]

$this->bbcode_second_pass_quote('', 'T')here are three kinds of lies: lies, damned lies, and statistics

[Fishman]

Preston I do care about the subsidies to oil companies, every time I fill up my gas tank, knowing that it would probably be a dollar more without the subsidies.

More "sickening economic statistics". A broke state dumps 42 MILLION dollars on illegal aliens education. Surely this will not encourage another 2, 4, 6, .. 10 million more for California.

http://online.wsj.com/article/SB1000142 ... TopStories

Wanna make bets on more "sickening economic statistics" for California?

[misterno]

Mall Vacancies Hit All Time Record

http://www.zerohedge.com/news/internet- ... nt-1780994

Two years ago, when discussing the long-term prospects for Bill Ackman's aggressive pursuit of General Growth, we noted that while the short-term post-reorg oversold bounce is warranted, the secular shift away from big-box stores and disappearance of retailers means that many more bankruptcies are sure to follow, and will be punctuated by all time highs in mall vacancies courtesy of an ever-growing shift to internet shopping. So while the incremental bankruptcies in commercial REITs have been slow in coming primarily due to record low interest rates, the mall vacancy number just hit a new all time high. According to Bloomberg Brief: "In 1979 the one-hit wonder Buggles sang “Video killed the Radio Star.” Several economic indicators suggest it’s time for a Buggles revival: “Internet Killed the Radio Store.” The popularity of Internet shopping is having a considerable impact on the retail landscape; mall vacancies are at the highest level in measured history, big box stores are looking to reduce their footprints, and those selling book, electronics, and sporting goods are closing. During the third quarter, vacancies at regional and super-regional malls rose to 9.4 percent from 8.8 percent a year earlier and 9.3 percent in the second quarter, according to the New York-based property research company Reis. This was the highest since data was compiled in 2000." In other words, in addition to the Fed, REITs are the next entity class to have gone all in on interest rates never going up: because without organic upside growth, the only marginal benefit is from continues interest benefits. Once those end, it is game over, first on the margin, and then literally.