What is Occupy Wallstreet?

[kandrathe]

Well, looking up how Real GDP/capita is calculated, then Kan's comment about wanting wages at 50% of 10k or 43% of 50k is actually a strawman argument...

I know how you want it to look, that we are worse off, but it doesn't look that way. It looks like we are slightly ahead (after taxes due to GWB and Obama tax cuts).

Try this one on median household Income - adjusted to 2004 dollars.

Or feel free to research nominal disposable personal income.

GDP per Capita, Real Median Family Income and Real Median Family Income After Taxes (source and here)




And, mysteriously enough, 2000 is about the time when I started talking about phantom growth (i.e the internet bubble was phantom capital that disappeared, the housing bubble was phantom capital that also just disappeared.) The financial institutions for some reason want us to believe that all is well and good, but I don't think it is. Something tells me that pensions are being looted, and retirement accounts based on the market continue to be at risk.

But... This is a recent problem, and one that is correctable with the CORRECT leadership. We cannot suffer anymore of the funny US Treasury/Federal Reserve/Big Banks chicanery. I don't think this kills the American Dream. It certainly kills my faith in DC politicians to look out for my best interest.