19 April 2007
Tyrannosaurus rex: a big chicken?
http://www.answersingenesis.org/articles/2007/04/13/t-rex-big-chicken
Las Vegas Stardust Demolition
That is one extravagant demolition,
http://www.zanyvideos.com/videos/las_vegas_stardust_demolition
Cremation causes Gorebal Warming
4/18/2007
An Australian scientist called Wednesday for an end to the age-old tradition of cremation, saying the practice contributed to gorebal warming.
http://news.yahoo.com/s/afp/20070418/lf_afp/lifestylewarmingdeath_070418143046
Average Canadian family spending more money on taxes than on food, clothing and housing combined
[And they have horrible health care and come to the US for treatment & surgery]
April 16, 2007
Average Canadian family spending more money on taxes than on food, clothing and housing combined
VANCOUVER, April 16 /CNW/ - The average Canadian family spends more money on taxes than on necessities of life such as food, clothing, and housing, according to a study from The Fraser Institute, an independent research organization with offices across Canada.
The Canadian Consumer Tax Index, 2007, shows that even though the income of the average Canadian family has increased significantly since 1961, their total tax bill has increased at a much higher rate…
"The tax burden we face is made up of much more than just income tax. When you add up all the taxes we have to pay to all levels of government, the average Canadian family is paying more of its income to governments in the form of taxes than they spend feeding, clothing and housing themselves," said Niels Veldhuis, the study's co-author and Director of the Centre for Tax Studies with the Fraser Institute…
... Since 1961, the total tax bill for the average Canadian family has increased 1,590 per cent. By comparison, the cost of housing has increased 1,019 per cent, the cost of food 487 per cent and the cost of clothing has increased 447 per cent since 1961…
Complete article at:
http://www.newswire.ca/en/releases/archive/April2007/16/c5234.html
Va. Tech gunman sent material to NBC
4/18/2007
(The press has got to stop broadcasting and printing this stuff because these sick people are media hounds and crave the attention. If the press didn’t give these evil people a platform the nuts wouldn’t have any incentive to do what they do. We print their sick letters and broadcast their videos. That is exactly what they want. We have got to stop enabling these people!)
BLACKSBURG, Va. - Between his first and second bursts of gunfire, the Virginia Tech gunman mailed a package to NBC headquarters in New York containing photos of him brandishing guns and video of him delivering an angry, profanity-laced tirade about rich kids and hedonism.
(how did he have time for that?)
...NBC said the package contained an 1,800-word diatribe and 29 photos, 11 of them showing him aiming handguns at the camera. Much of the rant is incoherent and filled with obscenities. He rails against Christianity and the rich...
...The package, which arrived at NBC two days after Cho killed 32 people and committed suicide in the deadliest one-man shooting rampage in modern U.S. history, bore a Postal Service stamp showing that it had been mailed at a Virginia post office at 9:01 a.m. Monday, about an hour and 45 minutes after Cho first opened fire.
That would explain one of the biggest mysteries about the massacre: Where the gunman was and what he did during that two-hour window between the first burst of gunfire at a high-rise dorm, and the second attack, at a classroom building...
http://news.yahoo.com/s/ap/20070418/ap_on_re_us/virginia_tech_shooting
There seems to be a link to Islam with this psycho. First of all, he stated his hatred of Christianity. Second, the word “Ismail” on his sleeve....a reporter last night stated that in the year 1510, the ruler of Persia, now Iran, was named Ismail and he introduced
the Shiite version of Islam to Persia at that time.
Ismail Ax: The Shooter Was Another 'Son of Sacrifice'
4/18/07
First it was Johnny Muhammad, now it was Cho Sueng Hui aka Ismail Ax. Precisely how many mass shooters have to turn out to have adopted Muslim names before we get it? Islam has become the tribe of choice of those who hate American society. I'm not talking about people who grew up as Muslims, confident and secure in their faith, good fathers, sons and neighbors. I'm talking about the angry, malignant, narcissist loners who want to reject their community utterly, to throw off their 'slave name' and represent the downtrodden of the earth by shooting their friends and neighbors.
This morning I read that the Virginia Tech shooter died with the name Ismail Ax written in red ink on his arm. The mainstream press doesn't seem to have a clue as to what this might mean. To quote Indiana Jones, "Didn't any of you guys go to Sunday School?"
The story starts with a man named Abraham. He is the father of the Jews, the Muslims and the Christians. He was born in Iraq, the son of a wealthy idol manufacturer. He came to believe that there was only one true God and, according to tradition, took up his ax and destroyed his father's idols.
Eventually he left Iraq and moved to what is now known as Israel. He had a son with his concubine whom she named Ishmael. The Muslim world prefers the Arabic spelling of the name: Ismail. Eventually Abraham had a son by his rightful wife and named the son Isaac. Ishmael and his mother were disinherited and sent out into what is now Saudi Arabia. Isaac became the heir...
...The Jews are the descendants of Isaac, the Arabs are the descendants of Ishmael.
In the 7th Century, Muhammad, the founder of Islam, re-wrote the story, claiming that Ismail was the true faithful descendant of Abraham and that it was he, not Isaac, who God told Abraham to sacrifice. Ismail was the one saved. For Muslims, Ismail (not Isaac) was the true 'Son of Sacrifice.' In the original version of the story, Abraham used a knife, in some of the later Muslim versions, he used an Ax.
Flash forward 1,400 years: a sullen, angry young man who rages against rich people and apparently against Christians, writes a play in which a mother and son try to kill his step-father, but in the end the boy (age about 13, the age many think Ismail was when he was exiled) is murdered by the step-father with 'a deadly blow'. Father issues? Yeah, I think so.
Cho Sueng-hui cum Ismail Ax hated the American society to which he had been brought 15 years earlier. His play McBeef (a poor pun from an English Lit major on Macbeth) is one endless screed against the corruption of American culture. A cheesy re-telling of Shakespeare's Hamlet, it involves a young man abused by his step-father, a former NFL football player. The son, throws epithets at his father calling him a 'Catholic priest'. And makes derisive comments about McDonalds. It seems that none of the foundational structures of Western Civilization, Christianity, capitalism, family, are spared his rage. In other words, he really meant what he said in his last words: "you (that is us, America) made me do this."
http://www.tcsdaily.com/article.aspx?id=041807B
Va. gunman had 2 past stalking cases
4/18/2007
BLACKSBURG, Va. - The gunman blamed for the deadliest shooting in modern U.S. history had previously been accused of stalking two female students at Virginia Tech and had been taken to a mental health facility in 2005 after an acquaintance worried he might be suicidal, police said Wednesday.
Cho Seung-Hui had concerned one woman enough with his calls and e-mail in 2005 that police were called in, said Police Chief Wendell Flinchum.
He said the woman declined to press charges, and neither woman was among the victims of Monday's massacre on the Virginia Tech campus.
During the stalking second incident, also in late 2005, the department received a call from an acquaintance of Cho's who was concerned that he might be suicidal, and Cho was taken to a mental health facility, Flinchum said. About the same time, in fall 2005, Cho's professor informally shared some concerns about the young man's writing but no official report was filed, he said...
http://news.yahoo.com/s/ap/20070418/ap_on_re_us/virginia_tech_shooting
Students feared gunman for 18 months many skipped class because of him
04/18/2007
...The Virginia Tech gunman was taken to a mental health facility in 2005, it has been revealed...
...Cho Seung-Hui was evaluated by mental health professionals after female students complained to police about him and his parents became afraid he was suicidal....
...It emerged today that at one stage students were so scared of his behavior that only seven out of 70 turned up for class, forcing lecturers to give him one-to-one tuition....
...One teacher even suggested today he was given A grades because he was so "intimidating and staff wanted to keep him happy".
http://www.thisislondon.co.uk/news/article-23393119-details/article.do
More proof that the gov't can not protect you. You have to protect yourself.
Blame the ACLU not the NRA. I'm sure nothing was done because the perp was Asian and they were afraid of being sued. 32 kids possibly died due to political correctness.
Penn State Bans Jewish Student´s Anti-Terrorism Exhibit
Arutz Sheva/IMRA ^ 4-18-07
The ten-piece exhibit, by student Josh Stulman, was the result of years of preparation. It was called "Portraits of Terror" and focused on images of Palestinian terrorism, hate-propaganda cartoons printed in PA newspapers and photos of Jewish holy sites destroyed by Muslims.
Just three days before the exhibition was to take place, Stulman received an email from the School of Visual Arts saying that his exhibit on images of terrorism "did not promote cultural diversity" or "opportunities for democratic dialogue" and the display would be canceled, according to the PSU Collegian newspaper…
…The school's director, Charles Garoian, responded by saying the images "did not mesh with the university's educational mission." He said the decision was made after reviewing the university's policy on "Nondiscrimination and Harassment and Penn State's Zero Tolerance Policy for Hate."
…Stulman said that the director of the school has refused to meet with him. He told the Collegian that advertisements for the event were defaced, with at least one sporting a large swastika that someone had drawn on it.
http://www.israelnationalnews.com/News/News.aspx/102371
I guess the I-slammers got wind of it. Of course if it had been anti-Christian that would be a whole different story.
Ethanol may cause more smog, deaths
Apr 18,
WASHINGTON - Switching from gasoline to ethanol — touted as a green alternative at the pump — may create dirtier air, causing slightly more smog-related deaths, a new study says.
Nearly 200 more people would die yearly from respiratory problems if all vehicles in the United States ran on a mostly ethanol fuel blend by 2020, the research concludes...
...Each year, about 4,700 people, according to the study's author, die from respiratory problems from ozone, the unseen component of smog along with small particles. Ethanol would raise ozone levels, particularly in certain regions of the country, including the Northeast and Los Angeles.
"It's not green in terms of air pollution," said study author Mark Jacobson, a Stanford University civil and environmental engineering professor. "If you want to use ethanol, fine, but don't do it based on health grounds. It's no better than gasoline, apparently slightly worse."
His study, based on a computer model, is published in Wednesday's online edition of the peer-reviewed journal Environmental Science and Technology and adds to the messy debate over ethanol...
http://news.yahoo.com/s/ap/20070418/ap_on_he_me/ethanol_health_risks
Why We Serve: Marine Says Iraqis Appreciate U.S. Military
WASHINGTON, April 18, 2007 – A Marine who served two tours in Iraq, and is now speaking in American communities about his experiences, said that today’s Iraqi Army soldiers prefer their current system to life in Saddam Hussein’s military.
“It wasn’t the same structure that we have,” Marine 1st Lt. Matthew H. Hilton, 28, said of the old Iraqi military. Hilton served as the intelligence, surveillance and reconnaissance company advisor to the 7th Iraqi Army Division, among other duties, during his tours in Iraq.
In the old Iraqi army, soldiers, NCOs and officers were treated as servants and were often forced to perform degrading tasks for superiors, Hilton noted. It’s therefore understandable, he said, that today’s Iraqi troops favor the American military’s more democratic system...
...In Iraq, Hilton taught basic combat patrol techniques and other military skills to Iraqi army officers, noncommissioned officers, and junior enlisted soldiers assigned to the Iraqi army’s 7th Division. Many Iraqi servicemembers had prior experience in Saddam’s military, he noted, and thereby learned rapidly.
The Iraqis quickly warmed to the U.S. military’s egalitarian system, Hilton said, where mutual respect of all servicemembers regardless of rank is employed up and down the chain of command...
...The Marine lieutenant performed other duties during his 2004-2005 and 2006 tours in Iraq. He conducted cordon-and-knock and combat patrols alongside Iraqi troops to find weapons caches from Ramadi to al Qaim along the Euphrates River Valley and also trained up a platoon of Iraqi military police...
more at http://www.defenselink.mil/news/newsarticle.aspx?id=32841
Are the Rich Really Getting Richer?
CATO Daily Dispatch ^ 4/18/2007 Alan Reynolds, et al
"The number of U.S. households with a net worth of more than $5 million, excluding their primary residence, surged 23 percent to surpass one million for the first time in 2006, according to a survey released on Tuesday," Reuters reports. "The survey by Chicago-based Spectrem Group found that the number of U.S. households with more than $5 million rose from 930,000 in 2005. In 1996, there were only 250,000 U.S. households in the 'ultra-rich' category, Spectrem said. ... [T]he surge in household growth is underpinned by economic growth in recent years, which has fueled both stock market gains and also the market for private companies. [The study] also ascribed gains to rising real estate valuations and favorable tax policies."
In the policy analysis "Has U.S. Income Inequality Really Increased?" Cato senior fellow Alan Reynolds writes: "There are frequent complaints that U.S. income inequality has increased in recent decades. Estimates of rising inequality that are widely cited in the media are often based on federal income tax return data. Those data appear to show that the share of U.S. income going to the top 1 percent (those people with the highest incomes) has increased substantially since the 1970s. ... Studies based on tax return data provide highly misleading comparisons of changes to the U.S. income distribution because of dramatic changes in tax rules and tax reporting in recent decades. Aside from stock option windfalls during the late-1990s stock-market boom, there is little evidence of a significant or sustained increase in the inequality of U.S. incomes, wages, consumption, or wealth over the past 20 years."
more at http://www.cato.org/view_ddispatch.php?viewdate=20070418
PETER PAUL AND HILLARY
http://www.freerepublic.com/focus/f-news/1819478/posts
http://www.answersingenesis.org/articles/2007/04/13/t-rex-big-chicken
Las Vegas Stardust Demolition
That is one extravagant demolition,
http://www.zanyvideos.com/videos/las_vegas_stardust_demolition
Cremation causes Gorebal Warming
4/18/2007
An Australian scientist called Wednesday for an end to the age-old tradition of cremation, saying the practice contributed to gorebal warming.
http://news.yahoo.com/s/afp/20070418/lf_afp/lifestylewarmingdeath_070418143046
Average Canadian family spending more money on taxes than on food, clothing and housing combined
[And they have horrible health care and come to the US for treatment & surgery]
April 16, 2007
Average Canadian family spending more money on taxes than on food, clothing and housing combined
VANCOUVER, April 16 /CNW/ - The average Canadian family spends more money on taxes than on necessities of life such as food, clothing, and housing, according to a study from The Fraser Institute, an independent research organization with offices across Canada.
The Canadian Consumer Tax Index, 2007, shows that even though the income of the average Canadian family has increased significantly since 1961, their total tax bill has increased at a much higher rate…
"The tax burden we face is made up of much more than just income tax. When you add up all the taxes we have to pay to all levels of government, the average Canadian family is paying more of its income to governments in the form of taxes than they spend feeding, clothing and housing themselves," said Niels Veldhuis, the study's co-author and Director of the Centre for Tax Studies with the Fraser Institute…
... Since 1961, the total tax bill for the average Canadian family has increased 1,590 per cent. By comparison, the cost of housing has increased 1,019 per cent, the cost of food 487 per cent and the cost of clothing has increased 447 per cent since 1961…
Complete article at:
http://www.newswire.ca/en/releases/archive/April2007/16/c5234.html
Va. Tech gunman sent material to NBC
4/18/2007
(The press has got to stop broadcasting and printing this stuff because these sick people are media hounds and crave the attention. If the press didn’t give these evil people a platform the nuts wouldn’t have any incentive to do what they do. We print their sick letters and broadcast their videos. That is exactly what they want. We have got to stop enabling these people!)
BLACKSBURG, Va. - Between his first and second bursts of gunfire, the Virginia Tech gunman mailed a package to NBC headquarters in New York containing photos of him brandishing guns and video of him delivering an angry, profanity-laced tirade about rich kids and hedonism.
(how did he have time for that?)
...NBC said the package contained an 1,800-word diatribe and 29 photos, 11 of them showing him aiming handguns at the camera. Much of the rant is incoherent and filled with obscenities. He rails against Christianity and the rich...
...The package, which arrived at NBC two days after Cho killed 32 people and committed suicide in the deadliest one-man shooting rampage in modern U.S. history, bore a Postal Service stamp showing that it had been mailed at a Virginia post office at 9:01 a.m. Monday, about an hour and 45 minutes after Cho first opened fire.
That would explain one of the biggest mysteries about the massacre: Where the gunman was and what he did during that two-hour window between the first burst of gunfire at a high-rise dorm, and the second attack, at a classroom building...
http://news.yahoo.com/s/ap/20070418/ap_on_re_us/virginia_tech_shooting
There seems to be a link to Islam with this psycho. First of all, he stated his hatred of Christianity. Second, the word “Ismail” on his sleeve....a reporter last night stated that in the year 1510, the ruler of Persia, now Iran, was named Ismail and he introduced
the Shiite version of Islam to Persia at that time.
Ismail Ax: The Shooter Was Another 'Son of Sacrifice'
4/18/07
First it was Johnny Muhammad, now it was Cho Sueng Hui aka Ismail Ax. Precisely how many mass shooters have to turn out to have adopted Muslim names before we get it? Islam has become the tribe of choice of those who hate American society. I'm not talking about people who grew up as Muslims, confident and secure in their faith, good fathers, sons and neighbors. I'm talking about the angry, malignant, narcissist loners who want to reject their community utterly, to throw off their 'slave name' and represent the downtrodden of the earth by shooting their friends and neighbors.
This morning I read that the Virginia Tech shooter died with the name Ismail Ax written in red ink on his arm. The mainstream press doesn't seem to have a clue as to what this might mean. To quote Indiana Jones, "Didn't any of you guys go to Sunday School?"
The story starts with a man named Abraham. He is the father of the Jews, the Muslims and the Christians. He was born in Iraq, the son of a wealthy idol manufacturer. He came to believe that there was only one true God and, according to tradition, took up his ax and destroyed his father's idols.
Eventually he left Iraq and moved to what is now known as Israel. He had a son with his concubine whom she named Ishmael. The Muslim world prefers the Arabic spelling of the name: Ismail. Eventually Abraham had a son by his rightful wife and named the son Isaac. Ishmael and his mother were disinherited and sent out into what is now Saudi Arabia. Isaac became the heir...
...The Jews are the descendants of Isaac, the Arabs are the descendants of Ishmael.
In the 7th Century, Muhammad, the founder of Islam, re-wrote the story, claiming that Ismail was the true faithful descendant of Abraham and that it was he, not Isaac, who God told Abraham to sacrifice. Ismail was the one saved. For Muslims, Ismail (not Isaac) was the true 'Son of Sacrifice.' In the original version of the story, Abraham used a knife, in some of the later Muslim versions, he used an Ax.
Flash forward 1,400 years: a sullen, angry young man who rages against rich people and apparently against Christians, writes a play in which a mother and son try to kill his step-father, but in the end the boy (age about 13, the age many think Ismail was when he was exiled) is murdered by the step-father with 'a deadly blow'. Father issues? Yeah, I think so.
Cho Sueng-hui cum Ismail Ax hated the American society to which he had been brought 15 years earlier. His play McBeef (a poor pun from an English Lit major on Macbeth) is one endless screed against the corruption of American culture. A cheesy re-telling of Shakespeare's Hamlet, it involves a young man abused by his step-father, a former NFL football player. The son, throws epithets at his father calling him a 'Catholic priest'. And makes derisive comments about McDonalds. It seems that none of the foundational structures of Western Civilization, Christianity, capitalism, family, are spared his rage. In other words, he really meant what he said in his last words: "you (that is us, America) made me do this."
http://www.tcsdaily.com/article.aspx?id=041807B
Va. gunman had 2 past stalking cases
4/18/2007
BLACKSBURG, Va. - The gunman blamed for the deadliest shooting in modern U.S. history had previously been accused of stalking two female students at Virginia Tech and had been taken to a mental health facility in 2005 after an acquaintance worried he might be suicidal, police said Wednesday.
Cho Seung-Hui had concerned one woman enough with his calls and e-mail in 2005 that police were called in, said Police Chief Wendell Flinchum.
He said the woman declined to press charges, and neither woman was among the victims of Monday's massacre on the Virginia Tech campus.
During the stalking second incident, also in late 2005, the department received a call from an acquaintance of Cho's who was concerned that he might be suicidal, and Cho was taken to a mental health facility, Flinchum said. About the same time, in fall 2005, Cho's professor informally shared some concerns about the young man's writing but no official report was filed, he said...
http://news.yahoo.com/s/ap/20070418/ap_on_re_us/virginia_tech_shooting
Students feared gunman for 18 months many skipped class because of him
04/18/2007
...The Virginia Tech gunman was taken to a mental health facility in 2005, it has been revealed...
...Cho Seung-Hui was evaluated by mental health professionals after female students complained to police about him and his parents became afraid he was suicidal....
...It emerged today that at one stage students were so scared of his behavior that only seven out of 70 turned up for class, forcing lecturers to give him one-to-one tuition....
...One teacher even suggested today he was given A grades because he was so "intimidating and staff wanted to keep him happy".
http://www.thisislondon.co.uk/news/article-23393119-details/article.do
More proof that the gov't can not protect you. You have to protect yourself.
Blame the ACLU not the NRA. I'm sure nothing was done because the perp was Asian and they were afraid of being sued. 32 kids possibly died due to political correctness.
Penn State Bans Jewish Student´s Anti-Terrorism Exhibit
Arutz Sheva/IMRA ^ 4-18-07
The ten-piece exhibit, by student Josh Stulman, was the result of years of preparation. It was called "Portraits of Terror" and focused on images of Palestinian terrorism, hate-propaganda cartoons printed in PA newspapers and photos of Jewish holy sites destroyed by Muslims.
Just three days before the exhibition was to take place, Stulman received an email from the School of Visual Arts saying that his exhibit on images of terrorism "did not promote cultural diversity" or "opportunities for democratic dialogue" and the display would be canceled, according to the PSU Collegian newspaper…
…The school's director, Charles Garoian, responded by saying the images "did not mesh with the university's educational mission." He said the decision was made after reviewing the university's policy on "Nondiscrimination and Harassment and Penn State's Zero Tolerance Policy for Hate."
…Stulman said that the director of the school has refused to meet with him. He told the Collegian that advertisements for the event were defaced, with at least one sporting a large swastika that someone had drawn on it.
http://www.israelnationalnews.com/News/News.aspx/102371
I guess the I-slammers got wind of it. Of course if it had been anti-Christian that would be a whole different story.
Ethanol may cause more smog, deaths
Apr 18,
WASHINGTON - Switching from gasoline to ethanol — touted as a green alternative at the pump — may create dirtier air, causing slightly more smog-related deaths, a new study says.
Nearly 200 more people would die yearly from respiratory problems if all vehicles in the United States ran on a mostly ethanol fuel blend by 2020, the research concludes...
...Each year, about 4,700 people, according to the study's author, die from respiratory problems from ozone, the unseen component of smog along with small particles. Ethanol would raise ozone levels, particularly in certain regions of the country, including the Northeast and Los Angeles.
"It's not green in terms of air pollution," said study author Mark Jacobson, a Stanford University civil and environmental engineering professor. "If you want to use ethanol, fine, but don't do it based on health grounds. It's no better than gasoline, apparently slightly worse."
His study, based on a computer model, is published in Wednesday's online edition of the peer-reviewed journal Environmental Science and Technology and adds to the messy debate over ethanol...
http://news.yahoo.com/s/ap/20070418/ap_on_he_me/ethanol_health_risks
Why We Serve: Marine Says Iraqis Appreciate U.S. Military
WASHINGTON, April 18, 2007 – A Marine who served two tours in Iraq, and is now speaking in American communities about his experiences, said that today’s Iraqi Army soldiers prefer their current system to life in Saddam Hussein’s military.
“It wasn’t the same structure that we have,” Marine 1st Lt. Matthew H. Hilton, 28, said of the old Iraqi military. Hilton served as the intelligence, surveillance and reconnaissance company advisor to the 7th Iraqi Army Division, among other duties, during his tours in Iraq.
In the old Iraqi army, soldiers, NCOs and officers were treated as servants and were often forced to perform degrading tasks for superiors, Hilton noted. It’s therefore understandable, he said, that today’s Iraqi troops favor the American military’s more democratic system...
...In Iraq, Hilton taught basic combat patrol techniques and other military skills to Iraqi army officers, noncommissioned officers, and junior enlisted soldiers assigned to the Iraqi army’s 7th Division. Many Iraqi servicemembers had prior experience in Saddam’s military, he noted, and thereby learned rapidly.
The Iraqis quickly warmed to the U.S. military’s egalitarian system, Hilton said, where mutual respect of all servicemembers regardless of rank is employed up and down the chain of command...
...The Marine lieutenant performed other duties during his 2004-2005 and 2006 tours in Iraq. He conducted cordon-and-knock and combat patrols alongside Iraqi troops to find weapons caches from Ramadi to al Qaim along the Euphrates River Valley and also trained up a platoon of Iraqi military police...
more at http://www.defenselink.mil/news/newsarticle.aspx?id=32841
Are the Rich Really Getting Richer?
CATO Daily Dispatch ^ 4/18/2007 Alan Reynolds, et al
"The number of U.S. households with a net worth of more than $5 million, excluding their primary residence, surged 23 percent to surpass one million for the first time in 2006, according to a survey released on Tuesday," Reuters reports. "The survey by Chicago-based Spectrem Group found that the number of U.S. households with more than $5 million rose from 930,000 in 2005. In 1996, there were only 250,000 U.S. households in the 'ultra-rich' category, Spectrem said. ... [T]he surge in household growth is underpinned by economic growth in recent years, which has fueled both stock market gains and also the market for private companies. [The study] also ascribed gains to rising real estate valuations and favorable tax policies."
In the policy analysis "Has U.S. Income Inequality Really Increased?" Cato senior fellow Alan Reynolds writes: "There are frequent complaints that U.S. income inequality has increased in recent decades. Estimates of rising inequality that are widely cited in the media are often based on federal income tax return data. Those data appear to show that the share of U.S. income going to the top 1 percent (those people with the highest incomes) has increased substantially since the 1970s. ... Studies based on tax return data provide highly misleading comparisons of changes to the U.S. income distribution because of dramatic changes in tax rules and tax reporting in recent decades. Aside from stock option windfalls during the late-1990s stock-market boom, there is little evidence of a significant or sustained increase in the inequality of U.S. incomes, wages, consumption, or wealth over the past 20 years."
more at http://www.cato.org/view_ddispatch.php?viewdate=20070418
PETER PAUL AND HILLARY
http://www.freerepublic.com/focus/f-news/1819478/posts
posted by David Bennett | 4:53 AM
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