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The 1%-ers  (2/18/2012)

I've been watching the "Occupy (fill in the name of the location to be occupied)" movement on TV and trying to figure out just what it is these morons are against.  They don't seem to have a cohesive cause other than that they are pissed off at everybody and every institution that seems to be doing better than they are financially.

"The Movement" has cooled off recently (I suspect because the economy has made something of a minor recovery) but for a while there it was impressive to see how it was catching fire worldwide as though it were a nuclear reaction that had achieved critical mass.

Well I figured it out.

People worldwide have gotten so used to Entitlements (Government handouts, loans...) and have gotten so used to spending beyond their means, that when the spigot is throttled back or shutoff they get the shakes like a junkie in withdrawal.  Due to the worldwide debt crisis (and impending defaults) the handouts are gone.  The angst is here.  Austerity programs are now all the rage.

The Occupiers have been screwed by their own hand not by the 1%ers.  They blindly support Big Brothers' schizophrenic fiscal policies by supporting their favorite "tax-and-spend" Democrat or their favorite "Borrow-and-spend" Republican who promises to give them everything for free as a means to buy their votes.

They are ignorant of the true game.  They live and die in the matrix.

So America, you want Government to take care of you and keep you safe?  This is what you get - The Political Overlord Class doing everything they can to stay in power while keeping the Serfs under control.  Buying your favor with money they don't have.  And then we arrive at this seminal, CYCLICAL  point in history - the brink of a Worldwide financial collapse when ALL of us get to pay for decades of folly.

As to the misguided notion that 99% of Americans support 1% of the rich in tax payments, the truth can be found by Googling "Who pays federal income tax?"

The link (http://ntu.org/tax-basics/who-pays-income-taxes.html) to the National Taxpayers Union displays the actual stats: The top 1% of the wealthiest income earners in 2009 paid 37% of US tax revenues, the top 5% pay 59%, the top 10% pay 70%, the top 25% pay 86%, the top 50% pay 97.3% and the bottom 50% pay 2.7% of all federal tax revenues. The largest share of the tax burden is shouldered by top 5% of the wealthiest 1% of Americans who are paying well over half of the federal income tax revenues (58.66% in 2009), while the poor pay virtually nothing in federal income taxes. If you take a further investigative look it becomes clear that once federal spending is taken into consideration, those "1% of wealthiest Americans" are paying far vastly more into government and consuming virtually nothing, while the bottom 50% receive the largest amounts of that spending and paying virtually no federal tax. Those are the facts:

Who Pays Income Taxes and How Much?

Tax Year 2009 

Tax Year 2008