92. Even More on the Republican Presidents
In 1992, the Federal Reserve System, Freddie Mac, and the Internal Revenue Service reported the wealth of households in the USA for 1963, 1983, 1989, and 1992. This report shows that 90% of the households own about one-third of the wealth; that 9% of the households own another third; and that 1% of the households own the last third. During the period below, from 1963 to 1992, shows the wealth for these three groups.
90% 9% 1%
1963 36.1% 32% 31.8%
1983 32.4% 35.1% 31.6%
1989 30.7% 33.1% 36.2%
1992 32.8% 36.8% 32.4$
As seen, the wealth of the 90% group decreased from 1963 to 1992 that the wealth of the 9% group increased from 1963 to 1992; and that the wealth of the 1% group increased. I reported these decreases and increases of wealth in 2006 on p.53 of The First Scientific Proof of God and in 2012 on p. 43 of A New and Modern Holy Bible. So, Congress should know that it must reduce the national debt and unemployment immediately.
Since the 1% group has grown to 2% , the wealth of the 9% and 90% groups has been reduced. These groups must be eliminated because the U.S. Declaration of Independence requires that 'all men are created equal. My research on the theory of God shows that God's Intelligent Design calls for the 'equality of man.' When the Republican party says that the people of the USA must have a system of differing wealth, they turn their thoughts away from God. If capital is changed to an instrument of the future, wealth is unnecessary. Defining capital with gold and other minerals is showing the ignorance of many Americans.
90% 9% 1%
1963 36.1% 32% 31.8%
1983 32.4% 35.1% 31.6%
1989 30.7% 33.1% 36.2%
1992 32.8% 36.8% 32.4$
As seen, the wealth of the 90% group decreased from 1963 to 1992 that the wealth of the 9% group increased from 1963 to 1992; and that the wealth of the 1% group increased. I reported these decreases and increases of wealth in 2006 on p.53 of The First Scientific Proof of God and in 2012 on p. 43 of A New and Modern Holy Bible. So, Congress should know that it must reduce the national debt and unemployment immediately.
Since the 1% group has grown to 2% , the wealth of the 9% and 90% groups has been reduced. These groups must be eliminated because the U.S. Declaration of Independence requires that 'all men are created equal. My research on the theory of God shows that God's Intelligent Design calls for the 'equality of man.' When the Republican party says that the people of the USA must have a system of differing wealth, they turn their thoughts away from God. If capital is changed to an instrument of the future, wealth is unnecessary. Defining capital with gold and other minerals is showing the ignorance of many Americans.
posted by George Shollenberger @ 12:58 PM
2 Comments:
At 2:37 PM,
David S. Wilkinson said…
George the US has not been on the gold standard for years. The reason gold is so popular is that it is a tangible asset wheres the economy of the US is now built on worthless currency backed by a Federal Reserve that should have never been created in the first place.
What is the magic future economy you speak of and how do we get there?
At 4:30 PM,
George Shollenberger said…
Hi David,
I think that we must learn how to move forward by learning God's Intelligent Design. Henry C. Carey;s book 'The Unity of Law' is needed.
George
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