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mrmitchell
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Fez, just because you say it doesn't make it true.
Considering that no one here trusts CATO, surely you could come up with another source for data? If there is only one source for data, well, then, can't be taken seriously really.
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mrmitchell
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quote:
You are wrong... and an idiot. |
You are wrong... and an idiot.
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Boris Godunov
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Portland, OR
Aug 2001
time: 00:30
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Ok, I'll do it, fine.
CATO's charts are misleading because they refuse to show dollar amounts associated with each quintile. This is a significant ommission.
Here are the numbers, adjusted for 2001 dollars, from the U.S. Census Bureau:
Lowest Second Third Fourth Highest Top 5
Year fifth fifth fifth fifth fifth percent
------------------------------------------------------------------------
2001 Dollars
1989 9,679 23,989 39,876 60,318 117,911 190,503
1988 9,352 23,461 39,239 59,316 113,241 178,598
1987 9,190 23,223 38,826 58,687 111,610 175,840
1986 9,159 23,054 38,491 57,973 108,390 165,565
1985 9,096 22,485 37,242 56,007 103,310 155,254
1984 9,089 22,106 36,557 55,036 99,955 146,944
1983 8,833 21,575 35,584 53,393 96,617 141,534
1982 8,786 21,492 35,465 52,730 95,119 138,638
1981 8,995 21,556 35,603 53,033 92,894 132,239
Note that the 6% increase for the lowest quintile is, adjusted for inflation, a whopping $680 increase over 8 years. That's not much increase in spending power--in fact, it is negligible. The next two quintiles also have marginal increases. But look at that column. The richest folks had an increase of 47% in their average incomes.
See, actual numbers speak louder than pretty graphs.
Last edited by Boris Godunov on 02-08-2003 at 09:01
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Kidicious
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Diety of Kidiverse
Mar 2003
time: 21:30
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Mean Income Received by bottom income group
of Households (All Races)
US Census Bureau
2001 $10,136
2000 30/ 10,440
2000 29/ 10,474
1999 10,558
1998 10,003
1997 9,758
1996 9,656
1995 25/ 9,631
1994 24/ 9,171
1993 23/ 8,942
1992 22/ 9,011
1991 9,206
1990 9,449
1989 9,679
1988 9,352
1987 21/ 9,190
1986 9,159
1985 20/ 9,096
1984 9,089
1983 19/ 8,833
1982 8,786
1981 8,995
1980 9,122
There we go. 230 bucks in 8 years. Care to know how much the top group made in that 8 years? Look it up yourself instead of just reposting right wing propaganda nonsense from the ridiculous group of idiots at CATO.
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Boris Godunov
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Portland, OR
Aug 2001
time: 00:30
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What's amazing is that the lowest quintile's income was in 1991 right back where it started from in 1980.
Note that, during the Clinton years 1993-2000, the increase was nearly $1,500 2001 dollars, as opposed to Reagan's measley $680.
Last edited by Boris Godunov on 02-08-2003 at 08:55
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02-08-2003 08:03
You're the most fun poly poster to impersonate (rivaled only by Dino-D). 
Then again, he grew up when his dad worked for Haliburton, so his dad probably taught him all of that BS. 
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