{"id":26930,"date":"2011-10-10T13:26:55","date_gmt":"2011-10-10T17:26:55","guid":{"rendered":"http:\/\/valorguardians.com\/blog\/?p=26930"},"modified":"2011-10-10T13:26:55","modified_gmt":"2011-10-10T17:26:55","slug":"what-happens-when-the-government-tries-to-make-the-rich-less-rich","status":"publish","type":"post","link":"https:\/\/www.azuse.cloud\/?p=26930","title":{"rendered":"What Happens When The Government Tries to Make The Rich “Less Rich”"},"content":{"rendered":"

I am sure some of you have seen this article<\/a> about how overall household income in the United States has continued to fall, despite the technical end of the recession. Here is a summary:<\/p>\n

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US household incomes\u00a0fell more in the two years following the end of the\u00a0recession\u00a0than during the downturn itself, according to a New York Times report published on its website.<\/p>\n

A study by two former\u00a0Census Bureau\u00a0officials said inflation-adjusted income fell 6.7 percent, to $49,909, between June 2009 — when the recession ended — and June 2011, the newspaper said.<\/p>\n

During the recession — from December 2007 to June 2009 — household incomes fell less than half of that, 3.2 percent, according to the report.<\/p>\n<\/blockquote>\n

Make no mistake about it, the continued fall in household income is the result of Obama’s economic policies, which many of his supporters and even Obama himself have admitted are intended to redistribute wealth. Obamacare, Dodd-Frank, and many other smaller pieces of legislation were designed (either as a secondary or primary objective) to limit the ability of the richest Americans to accumulate more wealth. The result has been that it has become more expensive to purchase healthcare, maintain a checking account, and buy a tank of gas. Additionally, it has become more difficult for the companies that provide the aforementioned products to hire new workers (or maintain the current ones) and provide better benefits and wages.<\/p>\n

But don’t take my word for it. The Iron Lady summed up the left’s economic fraud back in 1990:
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I am sure some of you have seen this article about how overall household income in … What Happens When The Government Tries to Make The Rich “Less Rich”<\/span>Read more<\/a><\/p>\n","protected":false},"author":607,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-26930","post","type-post","status-publish","format-standard","hentry","category-politics"],"_links":{"self":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts\/26930","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/users\/607"}],"replies":[{"embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=26930"}],"version-history":[{"count":0,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts\/26930\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=26930"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=26930"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=26930"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}