The rich get rich and the poor get poorer
Today the U.S. Census Bureau released their latest statistics on the national poverty rate, and the data show a considerable rise in poverty, especially in comparison to the rapid growth in wealth of the highly paid.
In 2010, 15.1% of Americans were below the poverty level, the highest level since the economic downturn of 1993. What is most disturbing is the racial makeup of these data. The poverty rate for African Americans stands at 27.4%, Native Americans at 28.3% and Hispanic Americans at 26.6%. It is even more disheartening knowing that now almost 7% of the population is living at less than 50% of the poverty level.
Furthermore, the overall 15.1% U.S. poverty rate places us at a higher level of poor people than countries like Syria, Vietnam, Thailand, Serbia, Libya and Tunisia.
At the same time, the rich people in America are becoming much richer.
According to the Census Bureau, the lowest limit of income for the upper 5% of earners stood at $181k in 2010. This compares to a $105k lowest limit in 1993 – a 73% increase.
I guess this means The American Dream is still alive – If you can afford it.


Salon.com
Comments
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First, it appears that your reference to America’s place among nations based upon people living in poverty is predicated on data taken in 2004, six years before the census data. You might have picked up on this had you noted the discrepancy between the census figure of 15.1% and the 12.0% datum in the CIA Factbook reference.
Second, disregarding this sloppiness, the CIA Factbook reference lists America as having relatively fewer in poverty than either Denmark or Greece. Denmark is frequently cited as having the most satisfied citizens, the offered explanation for which is often that its citizens expect less, especially from their government, than most. On the other hand, Greece, a welfare state if there ever was one outside of the communist USSR, is apparently set to go bankrupt as a country in a couple of months, unless they receive another huge bailout.
Consequently, I am left wondering exactly what your point in citing, albeit sloppily, our standing on this scale behind. . . let’s say Syria . . . six years ago. . . . Syria, by the way, is an interesting choice on your part given what its government is doing to its citizens these days.
Third, we live in an era where our federal government collects, from all sources, about $2.3 trillion each year and spends almost this exact same amount ONLY on entitlement programs. This forces us to borrow $0.40 of every federal dollar spent simply to run all other departments of our national government. In this environment, it appears that illuminating the fact that poverty in America is increasing serves merely to highlight the failure of the very programs on which we spend so much money to (theoretically) reduce it – or as LBJ said, “eliminate” it. However, I am sure that I don’t have to go very far in your blog before I find something which suggests that we should be spending MORE on entitlements.
Fourth, I didn’t find the text in the Washington Post article listing the minimum income in order to qualify for the 5% wealthiest before they wanted me to register in order to read the article again. My question is whether the $64K / $181K between 1983 and 2010 was adjusted for the devaluation in the buying power of our currency during the intervening 27 years. If not, then a $64,000.00 purchase in 1983 would be matched by a $138,236.57 purchase in 2010. Hence, the advancement of those undeserving, wicked, rich exploiters would be only 31%, not 183%.
Nevertheless, we can’t tolerate even that much further accumulation of wealth, can we? Tell me, what does it get you to be envious of the rich?
The CIA Factbook data for 2004 were used to cite the other lower poverty level countries because this was the latest information available from that source. I doubt very much that this information has changed much.
But, that’s really not the point. The fact is that the U.S. poverty level rate is now at 15.1%, and it is becoming more impoverished compared to other developed nations.
http://open.salon.com/blog/profkeck/2011/09/13/writing_a_bad_check
And everyone wonders why there is so much anger and grief hand-in-hand during this Recession....
Blacks got wise to it in the 60's, burned down a few cities, and there were a few changes.
The question is: if it continues--what will come next? (The Fire Next Time, Baldwin said.)
I just took the time to read your comment again.
And I have to admit, you're full of shit.