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This blog used to be about politics. Not so much anymore as I have worked through my fascination with that subject. It now seems appropriate that with a new president and the end of the Bush nightmare that I move on to new subjects that are more in line with my current interests. I may still occasionally express an opinion about political matters but for the most part I will be commenting on music, photography and personal observations. Thank you for reading.

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Point A to Point Red by way of Point 35

Op-Ed Columnist: Our So-Called Boom:
"A good indicator of the share of increased profits that goes to different income groups is the Congressional Budget Office's estimate of the share of the corporate profits tax that falls, indirectly, on those groups. According to the most recent estimate, only 8 percent of corporate taxes were paid by the poorest 60 percent of families, while 67 percent were paid by the richest 5 percent, and 49 percent by the richest 1 percent. ('Class warfare!' the right shouts.) So a recovery that boosts profits but not wages delivers the bulk of its benefits to a small, affluent minority."

True, but it bears repeating over and over and over and over again. While many Americans have dipped their toes into the market, many if not most of working class Americans do so in small ways. Though it may not seem small to most people to put a few thousand dollars in a mutual fund it is small potatoes to the millions that are sloshed around everyday.

"According to the U.S. Bureau of the Census, the resident population of the United States, projected to 12/30/2003 at 12:47:18 PM EST is: 292,945,088

So the top 1 percent represents about 3,000,000 people. That's the 2000 population of Chicago. Which is a mess of people, but would we really feel comfortable if the city of Chicago owned half of this country?

Ok, some of us would. The other 290 million of us would wonder what we're getting out of all this.

Fun Facts: 2000 census, 600 cities with populations over 50,000 people.

  • 29 Oklahoma City Oklahoma 506,132

  • 43 Tulsa Oklahoma 393,049

  • 246 Norman Oklahoma 95,694

  • 260 Lawton Oklahoma 92,757

  • 356 Broken Arrow Oklahoma 74,859

  • 400 Edmond Oklahoma 68,315

  • 552 Midwest City Oklahoma 54,088

  • I'm a native Tulsan, but I live in Broken Arrow right now. I was suprised to see two Okie cities in the top fifty.


    About Me

    35 yr old
    Highlands Ranch
    Recording Engineer
    Voted for Kerry
    Voted for Obama
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