@brandonmcnamara – thx – yeah now trying to figure out what further % goes to late fees, service charges… guessing total is 17-18%???

@DougHenwood – need someone already familiar with the statistics. Not me. Mainly I want to know total % financial service industry extracts

@DougHenwood – this is why I never took statistics in grad school. The interest % is clearly 14-16%. How to get parallel figures for rest?

@rortybomb @DougHenwood – but you see I don’t just want interest payments but fees, penalties, service charges…

@rortybomb @DougHenwood – well, the median hh information is going to much harder to get though it would be preferable

@DougHenwood – yeah, it’s 23.5%! Jeez. That’s almost a quarter! How much does the av. household pay in taxes? Not that much more, no?

@DougHenwood – so if av household income is $32 thou like it says, that’s actually 7.5% of hh income on top of the 15% paid out in interest

@DougHenwood – okay so that’s $514 billion total paid in financial service fees, out of how many total households?

@DougHenwood – I want to say it’s approaching 20%, but that might be premature; don’t want to make unwarranted claims

@DougHenwood – with credit cards at least sometimes half what they take is “penalties”, no?

@DougHenwood – thx!! – says between 14-16%. But that’s just interest, right? What about service charges, fees, penalties, late charges…?

@nicholasvollaro @msnbc – no, because they’re tired of parasites who provide no benefit to society stealing c20% of everyone’s income

@nicholasvollaro – nobody’s burning anything and if change had come thru ballot box, US kids wouldn’t all be occupying plazas now

@nicholasvollaro – instead increased wealth went entirely to the 1% who then loaned it back to the guys who’d actually produced it

@nicholasvollaro – up till 1980 increases in productivity were met with increases in wage. After, prod increased, no rise in wages

@jenwdragon – thanks Jen. The makeup artist was a pro. Figured I’d immortalize her work.

@nicholasvollaro – hate to break it to you but it’s Wall Street destroyed the world economy, not the working people who thereby got screwed

@SLogan6929 – aha! I will check my Amazon rankings now to see how much you bumped me up : )

@GeilsR – to be honest I haven’t even been thinking about it. Politicians’ words are meaningless

@nicholasvollaro – way you shut something down is just to say you’ll do nonviolent civil disobedience there & cops shut down it for you

@GreatNeighbor – interesting, what would they be? Or do the various GAs come up with them?