Join us for the winter town trek: Fun and frolic for food and fairness
The Beaver Island 99, a group of sturdy Islanders, will walk to support the BI Food Pantry and to show unity with the 99% across the country on Saturday, January 14, 2012 starting at 1:00 p.m.
Like citizens everywhere, people here are suffering from unemployment, foreclosure, and lost savings for retirement. Beaver Island 99 asks that large corporations and the wealthy, who have most of the money, pay their fair share of taxes. We also support legislation to make Wall Street accountable and prevent another deep recession and more poverty.
Join our trek starting at Paradise Bay Park by the ferry dock to the lighthouse (weather permitting), and returning to the Community Center for hot chocolate, coffee, and JoAnneâ??s Internationally Famous Cookies.
Bring a donation (cash or non-perishable food) for the pantry, and your own sign or weâ??ll provide one for you. Plan to get out of your warm houses, have fun in the snow, and show your support for a more compassionate and egalitarian USA. For more information contact: Join us for the winter town trek: Fun and frolic for food and fairness
The Beaver Island 99, a group of sturdy Islanders, will walk to support the BI Food Pantry and to show unity with the 99% across the country on Saturday, January 14, 2012 starting at 1:00 p.m. Like citizens everywhere, people here are suffering from unemployment, foreclosure, and lost savings for retirement. Beaver Island 99 asks that large corporations and the wealthy, who have most of the money, pay their fair share of taxes. We also support legislation to make Wall Street accountable and prevent another deep recession and more poverty.
Join our trek starting at Paradise Bay Park by the ferry dock to the lighthouse (weather permitting), and returning to the Community Center for hot chocolate, coffee, and JoAnneâ??s Internationally Famous Cookies.
Bring a donation (cash or non-perishable food) for the pantry, and your own sign or weâ??ll provide one for you. Plan to get out of your warm houses, have fun in the snow, and show your support for a more compassionate and egalitarian USA. For more information contact: thebeaverisland99@rocketmail.com.
Winter Town Trek for Food and Fairness
Moderator: Gillespie
Postponement of Winter Town Trek
We are postponing the Beaver Island â??99 Winter Town Trek until spring. Please take your food donations directly to the Christian Church.
We hope youâ??ll consider walking with us in a few months for food and a more fair America. If you interested in joining our group, or have comments or questions, please contact us at beaverisland99@rocketmail.com. In the meantime, please ponder these facts which weâ??ve compiled.
Two Americas â?? One rich, one poor
Facts
â?¢ Two thirds of the U.S. stocks are owned by the wealthiest 1%
� More than ½ of the U.S. senators and members of the House are part of the 1%
â?¢ Every U.S. taxpayer pays $600 a year to pay for the tax cut that gives $34,000 a year to the wealthiest 1%.
â?¢ To show how broken the system is, consider One hedge fund manager earned enough money
in one year to pay the salaries of 50,000 public workers (every police officer, firefighter and
public school teacher in Chicago).
â?¢ Income inequality has been increasing since the 1970s. The top 1% gained 275% between
1979 and 2007; the next top 19% gained 95% during that period; the rest gained 25 to 30%.
â?¢ In 1950, executivesâ?? paychecks compared to the worker a ratio of 30-1. Today that ratio is
More than 300 to 1.
â?¢ The median income for all U.S. CEOs, in all industries is $3.9 Million a year. For companies
listed on the S&P stock index, the median is $10.6 Million a year. For companies on the
Dow Jones index, the median is $19.8 Million.
â?¢ The average middle-class household making between $50,000-$75,000 pays 15% in federal
income taxes. One in ten of those 238,000 Americans with incomes in excess of $1 million
pay less than 15%. Seven thousand of them pay no income taxes at all.
Distribution of Wealth in the U.S.
Top 1% possesses 34.6%. The next 19% have 50%. The remaining 80% of the people share
15%.
Share of Income
Top 1% earn 24% of the income; Next 19% share 25%; the middle 60% would share 50%,
and bottom 40 % would share 1%.
If all the income in the U.S. were represented by One Dollar,
The top 1% would get 24 cents.
The next l9% would get a quarter
The middle 60% would share 50 cents
The bottom 40 % would share a penny.
Who is in the 1%? People with an annual income of over $516,000.
Compiled by members of the Beaver Island â??99 from sources including the Congressional Budget Office, New York Times,
The Economist, Politico, Washington Post on-line, and visualizingeconmoics.com 12/20/11
We hope youâ??ll consider walking with us in a few months for food and a more fair America. If you interested in joining our group, or have comments or questions, please contact us at beaverisland99@rocketmail.com. In the meantime, please ponder these facts which weâ??ve compiled.
Two Americas â?? One rich, one poor
Facts
â?¢ Two thirds of the U.S. stocks are owned by the wealthiest 1%
� More than ½ of the U.S. senators and members of the House are part of the 1%
â?¢ Every U.S. taxpayer pays $600 a year to pay for the tax cut that gives $34,000 a year to the wealthiest 1%.
â?¢ To show how broken the system is, consider One hedge fund manager earned enough money
in one year to pay the salaries of 50,000 public workers (every police officer, firefighter and
public school teacher in Chicago).
â?¢ Income inequality has been increasing since the 1970s. The top 1% gained 275% between
1979 and 2007; the next top 19% gained 95% during that period; the rest gained 25 to 30%.
â?¢ In 1950, executivesâ?? paychecks compared to the worker a ratio of 30-1. Today that ratio is
More than 300 to 1.
â?¢ The median income for all U.S. CEOs, in all industries is $3.9 Million a year. For companies
listed on the S&P stock index, the median is $10.6 Million a year. For companies on the
Dow Jones index, the median is $19.8 Million.
â?¢ The average middle-class household making between $50,000-$75,000 pays 15% in federal
income taxes. One in ten of those 238,000 Americans with incomes in excess of $1 million
pay less than 15%. Seven thousand of them pay no income taxes at all.
Distribution of Wealth in the U.S.
Top 1% possesses 34.6%. The next 19% have 50%. The remaining 80% of the people share
15%.
Share of Income
Top 1% earn 24% of the income; Next 19% share 25%; the middle 60% would share 50%,
and bottom 40 % would share 1%.
If all the income in the U.S. were represented by One Dollar,
The top 1% would get 24 cents.
The next l9% would get a quarter
The middle 60% would share 50 cents
The bottom 40 % would share a penny.
Who is in the 1%? People with an annual income of over $516,000.
Compiled by members of the Beaver Island â??99 from sources including the Congressional Budget Office, New York Times,
The Economist, Politico, Washington Post on-line, and visualizingeconmoics.com 12/20/11