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Who: Kimball Corson. Text and Photos not disclaimed or that are obviously not mine are copyright (c) Kimball Corson 2004-2016
Port: Lake Pleasant, AZ
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22 August 2017 | Pago Pago, American Samoa
22 August 2017 | Pago Pago, American Samoa
09 August 2017 | Pago Pago, American Samoa

The Bottom 90% in the US Have an Average Real Income Just Better than the Average Real Income In Greece

27 June 2017 | Pago Pago, American Samoa
Kimball Corson
Amanda Perry and I just had an exchange from which we both concluded the US is the richest advanced nation in the world in terms of average per capita income, just behind Luxembourg on the OECD list of the 32 most advanced nations of the world The problem is all that income or money is in too few hands so the rest do not have enough and are much poorer.

So how much poorer is say the bottom 90% of the US? The bottom 90% -- if they were a nation unto themselves -- would be in the bottom 1/3 of the 32 advanced OECD nations in terms of real per capita income, just above Greece and just below Slovenia. That is how bad it is in the US -- how bad income inequality is in the US.

(If we were to look at the bottom 50% in the US, instead of the bottom 90%, the results would place this group near Mexico, which is at the bottom of the 32 OECD advanced nations. Average real income for US bottom 50% = $16,200. Average real income for Mexico $14,867, the lowest of the 32 advanced OECD countries. Next lowest OECD nation is Hungary with average real income of $19,999.)

Adjusted for inflation, the top 10 percent of earners in the United States made, on average, $144,418 in 1979 and $254,449 in 2012. That’s about 76 percent growth.

The bottom 90 percent of earners, on the other hand, made $33,526 in 1979 and $30,438 in 2012. That’s a decrease of about 9 percent.

Now is this a fucked up country or what? And who is doing anything about it? Republicans want tax CUTS for the rich.
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Vessel Name: Altaira
Vessel Make/Model: A Fair Weather Mariner 39 is a fast (PHRF 132), heavily ballasted (43%), high-aspect (6:1), stiff, comfortable, offshore performance cruiser by Bob Perry that goes to wind well (30 deg w/ good headway) and is also good up and down the Beaufort scale.
Hailing Port: Lake Pleasant, AZ
Crew: Kimball Corson. Text and Photos not disclaimed or that are obviously not mine are copyright (c) Kimball Corson 2004-2016
About:
Kimball Corson: I am a 75 year old solo sailor, by choice. However, I did take on a personable, but high maintenance female kitten, now a full grown cat, named KiKiPoo when she is sweet, or KatKatPo after she has just killed something like a bird or bat. [...]
Extra:
Although I was a lawyer and practiced law with good success for thirty years, creating significant new law, I never really believed in the law, the politics of law or in the over reaching self-interest of most lawyers I met. Too much exposure to Nietzsche and other good and seriously thoughtful [...]
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Profile

Who: Kimball Corson. Text and Photos not disclaimed or that are obviously not mine are copyright (c) Kimball Corson 2004-2016
Port: Lake Pleasant, AZ