income

The top 1% amassed wealth by 500% while 99% struggle with rising costs. Income disparity threatens the American Dream as inequality hits record highs.

https://www.youtube.com/watch?v=gmnO4O1MBdM The decline of our country is explicit. While 99% of our population is struggling to adapt to the rising cost of basic necessities, the top 1% of ultra rich Americans has seen their wealth increase by nearly 500% over the past four years. Though an America where some have more money than others is …

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Jay Inslee announces $45 million cash subsidy for low income families to buy EVs.

One strategy for state officials looking to transition Washington’s transportation sector to electric vehicles is by subsidizing them with taxpayer dollars. This week, Gov. Jay Inslee announced $45 million in subsidies through a Department of Commerce grant program for families deemed “low-income” to purchase an EV. “Washingtonians really get it when it comes to electric …

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For the First Time in History, the Fed Is Reporting Billions in Losses Weekly; It’s Still Paying High Interest Income to the Mega Banks on Wall Street

https://wallstreetonparade.com/2024/04/for-the-first-time-in-history-the-fed-is-reporting-billions-in-losses-weekly-its-still-paying-high-interest-income-to-the-mega-banks-on-wall-street/ The Federal Reserve is losing billions of dollars weekly for the first time ever. Here’s the breakdown: The Problem: The Fed gets low interest (~2%) on the massive amount of bonds it bought during economic stimulus programs (QE). However, they pay high interest rates (over 5%) to big banks for parking cash with them. This leads …

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Prices soar ahead of income; Dimon warns of 8% interest rates; CB gold consumption up; Gold to hit $2700?

Inflation seems to be spiraling out of control, with ominous warnings of 8% interest rates and rising gold consumption. Just think. Three months ago the street saw 6 rate cuts coming in 2024 😂 8% interest rates would put mortgage rates over 10% 💀 pic.twitter.com/KHsKDic2sc — QE Infinity (@StealthQE4) April 9, 2024 Interest Rates could …

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Sanctuary cities spend billions, offering $1,000 monthly income, health insurance, and SNAP benefits to migrants; Barkley and Smith condemn lax border control and unequal treatment of migrants

Sanctuary Cities Giving Billions To Illegal Migrants 🚨 $1,000 Guaranteed Income Coming For Migrants – $1,000 debit card each every month – $1400 SNAP benefits In Los Angeles every month – Full coverage health insurance – Will soon get $1,000 a month through LA’s new guaranteed income pilot program, which is immigration status is not …

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The harsh reality: 36% of Gen Zers and millennials rely on family cash gifts. Starter home income surged 8.2% to $75,849. Average monthly payments hit $2,721.

In a heartbreaking reflection of the current state of housing affairs, a staggering 36% of Gen Zers and millennials gearing up to purchase their first homes cling to hope in the form of cash gifts from family. This reliance on familial support speaks volumes about the bleak reality faced by young aspiring homeowners, forced to …

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: Gross Domestic income is negative while “Real” GDP is not sustainable as deficit across $3 Trillion this year.

🇺🇸 US Real Gross Domestic Income -0.1% YoY. In #recession territory with a perfect track record! H/t: @GameofTrades_ pic.twitter.com/WUyY6GN0vR — Alex Joosten (@joosteninvestor) February 23, 2024 My point exactly. Since 2000, US real GDP increased +60% with industrial output flat. All growth from services — healthcare, rent, education etc — which more than doubled. Has …

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An Economic Nightmare Has Begun, As Over 200 Cities Sign Universal Basic Income!

This move has sparked intense debate among economists, policymakers, and the public. Once considered an extreme idea, UBI has become mainstream, challenging how we view the social contract and the government’s role in ensuring citizens’ well-being. As the economy changes rapidly due to technological advancements, globalization, and shifts in labor, the adoption of UBI represents …

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$125 Million ‘guaranteed income’ giveaway.

America’s $125 MILLION ‘guaranteed income’ giveaway: Huge rise in taxpayer-funded programs offering no-string handouts of up to $36,000 – including D.C. scheme used by mom to buy $6K luxury Miami vacation Taxpayers have funded dozens of ‘guaranteed income’ schemes which offer no-strings cash handouts totaling up to $36,000 to families below the poverty line But …

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It’s been 30 years since food ate up this much of your income.

IT’S BEEN 30 YEARS SINCE FOOD ATE UP THIS MUCH OF YOUR INCOME The last time Americans spent this much of their money on food, George H.W. Bush was in office, “Terminator 2: Judgment Day” was in theaters and C+C Music Factory was rocking the Billboard charts. Source:… pic.twitter.com/9CMWtL8RiF — Rob Bluey (@RobertBluey) February 27, …

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Drug Dealers must declare their income for taxes

SALT LAKE CITY (KTVX/NEXSTAR) — It’s tax season in the U.S., leaving many Americans to try and sort through the mess of W-2s and 1099s. Making sure you report every bit of your income to the IRS can be a daunting task. Thankfully, the IRS has a handy list of income you need to report …

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IRS Asks Americans to Report Income From ‘Illegal Activities’

The Internal Revenue Service’s request (IRS) that taxpayers report any income they might have received through illegal activities such as dealing drugs has gone viral on social media, with users joking about the unlikely demand. “Don’t forget to report your income from illegal activities and stolen property as you’re doing your taxes this year,” one …

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A Super Bowl Ticket Costs Roughly 11.7% Of The Median Household Income “…the average price for a Super Bowl ticket $9,024

A Super Bowl Ticket Costs Roughly 11.7% Of The Median Household Income teaser image “…the average price for a Super Bowl ticket on the secondary market is $9,024…”Purchasing a ticket for the Super Bowl in 2024 costs roughly 11.7% of the median household income, according to a new study by Finder. TicketIQ data used for …

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Biden classifies wealthy Martha’s Vineyard as low income to qualify for EV subsidy.

The Biden administration is classifying some of the country’s most elite and exclusive locales as “low-income” areas, making them eligible for electric vehicle (EV) charger subsidy programs. The administration’s EV charger tax credit program — made possible by the Inflation Reduction Act (IRA), President Joe Biden’s signature climate bill — is specifically designed to route …

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Dem Rep. Crockett on Asylum Laws: We Need People Coming for Jobs Because ‘We Need More Tax Income’

On Friday’s “CNN News Central,” Rep. Jasmine Crockett (D-TX) argued that U.S. asylum laws aren’t the problem and we should give work permits to people who come to the U.S. for economic reasons because “We need more tax income anyway.” Co-host John Berman asked, “What changes, if any, would you be willing to make to …

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Who doesn’t love more government dependency? Trudeau’s Canada, boldly embracing communism through Universal Basic Income.

A Universal Basic Income is Now Coming to Canada. The Liberals Believe There Will Be "Positive Consequences" of Offering Universal Basic Income. More government dependency by Justin Trudeau as he leads Canada towards communism. 🚨🚨🚨 pic.twitter.com/0AwdAwtQnw — Wall Street Mav (@WallStreetMav) December 26, 2023 It’s that simple. Sleep well. H/T @atticrahman pic.twitter.com/Hx1qPfVTOg — Laurence Fox …

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California’s $68 billion deficit: Housing costs, population loss, remote work, and income tax decline contribute. Ouch.

California faces a record $68 billion deficit — here’s what is eating away at the Golden State’s coffers. California has also lost residents and businesses — and therefore, tax revenue — in recent years. The Golden State’s population declined for the first time in 2021, as it lost around 281,000 residents, according to the Public …

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40% of your paycheck for federal income taxes pays toward the staggering $1 trillion annual interest on the US debt.

US govt:~$5 trillion total rev all sources~$2.5 trillion of that is personal income taxes~$1 trillion annual interest on the debt. This is crazy to think about. When you look at your paycheck info, and you see that amount taken out for Federal income taxes … 40% of it is… https://t.co/OCPDzSgYnR — Wall Street Mav (@WallStreetMav) …

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GDP and income are drifting apart.

Gross domestic product and income have recently diverged to a degree last seen in 2007 pic.twitter.com/JkCpItbD3C — Win Smart, CFA (@WinfieldSmart) November 30, 2023 When “Gross domestic product (GDP) and income have recently diverged by a large margin,” it implies that there’s a significant difference or gap between the overall economic output of a country …

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Interest on National Debt Approaches 100% of Personal Income Taxes

As the U.S. government collects approximately $2.5 trillion annually in personal income taxes, a staggering 40% of that sum, equivalent to $1 trillion, is already allocated to servicing the interest on the national debt. The ominous trajectory continues as interest payments swell due to the maturation of older, low-interest debt being refinanced at higher rates, …

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One of the biggest risks in life is depending on only one source of income — It’s more important than ever to create multiple streams of income

by TonyLiberty “Job security” is an illusion created by corporations — A company’s only concern is how much money the company can make. Companies are not “families”, they’re businesses, and their goal is to make as much money as possible. If they can make more money by laying you off, they will. One of the …

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Interest Consumes 40% of Income Taxes, U.S. Treasury’s Unsustainable Path Raises Default and Inflation Fears

The interest payments on the national debt alone used up 40% of all the money collected from individual income taxes in October. This means a significant portion of the taxes paid by individuals goes just towards paying the interest on the money the government has borrowed. The US Treasury is now spending almost twice as …

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Financial Struggles on the Horizon: Escalating Living Expenses and Widening Income Disparities Spark Growing Concerns in America

The financial outlook in the United States is deeply concerning. The bottom 20% of workers are allocating a staggering 80% of their income to essential goods like food, highlighting the stark inequality. Even those earning $150,000 or more a year are living paycheck to paycheck, relying on credit cards to make ends meet. Excess savings, …

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The US housing market is at its most unaffordable level in 39 years. Monthly mortgage payments now consume nearly half of the median household income. Do you think the housing market is headed for a crash?

by TonyLiberty The US housing market is at its most unaffordable level in 39 years, with mortgage rates at record highs near 8%. Monthly principal and interest payments on a median-priced home have surpassed $2,500 for the first time since tracking began in 1975. Monthly mortgage payments now consume nearly half of the median household …

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Over 100% of the S&P 500’s Net Income growth is from the Big 7; Only 10 stocks in the S&P 500 make up 90% of its gains this year

by mrmrmrj A mere 7 corporate giants are single-handedly generating over 100% of the S&P 500’s profit growth, with a mere 10 stocks shouldering 90% of the market’s gains this year. This high level of dependence on a select few raises red flags, as the fate of these companies now dictates the health of the …

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The cost of housing in the United States has reached an all-time high, with Americans now needing to make $114,600 per year to afford a median-priced home — To put things in perspective, the median household income is only $75,000.

by TonyLiberty The cost of housing in the United States has reached an all-time high, with Americans now needing to make $114,600 per year to afford the median-priced home. To put things in perspective, the median household income is only $75,000. Homeownership is becoming increasingly out of reach for many Americans. If you’re looking to …

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Universal Basic Income and Digital IDs – Beware of governments bearing free gifts

The Canadian government is considering universal basic income. https://www.cbc.ca/news/politics/basic-income-senate-myths-1.6999287 The UK government is also trialling universal basic income. https://www.theguardian.com/society/2023/jun/04/universal-basic-income-of-1600-pounds-a-month-to-be-trialled-in-england Over the next decade, the agenda is to move over from natural gas generated electricity to that generated by solar panels and wind turbines. Renewable energy will be more expensive and there will be less of …

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