Tag: average income

The Truth about Reagan and tax rates

From TP: President Obama met with House Republicans today at the White House to discuss ways to move forward on negotiations regarding the nation’s debt ceiling and the budget. During the discussion, talk evidently turned to taxes, and when Obama noted that taxes today are lower than they were under President Reagan, the GOP, according to The Hill, “engaged in a lot of ‘eye-rolling’“: Republicans attending a White House meeting on Wednesday didn’t take kindly to President Obama telling them tax rates were higher during the Reagan administration. GOP members engaged in a lot of “eye-rolling,” according to a member who

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Work isn’t valued in America

Work isn’t valued. Making money is valued but work isn’t. If work were valued, then workers would be paid more. No one would ever think about cutting wages or killing pensions if work were valued. From EPI: Over the last 30 years there has been very modest wage growth for the typical worker. This is not because the economy was weak and employers were strapped for cash or profits. The economy enjoyed soaring productivity between 1980 and 2009. The Figure compares median wage growth over that period to average gross domestic product growth per worker, a measure of what each individual

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Some of the richest counties in the United States surround DC, why? (Updated)

This is an interesting question. I’m glad it was brought up in discussion. Some are pointing to the salaries of federal employees as an indication of how bloated our government truly is. I look at the zip codes around DC, Virginia and Maryland and I see lobbyists. I see $3000 suits. I see expensive sports cars. I see government contractors. I see multimillion dollar houses which government employees cannot afford. Average income in Loudoun County, Virginia is $110,000. The average government employee income is less than $75,000. Please note that the house below is for sale in the Loudoun County area.

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Errington C. Thompson, MD

Dr. Thompson is a surgeon, scholar, full-time sports fan and part-time political activist. He is active in a number of community projects and initiatives. Through medicine, he strives to improve the physical health of all he treats.


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