Income Inequality

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Lanval
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Income Inequality

Post by Lanval » Sun Feb 22, 2015 10:56 am

"Of the advanced economies, America has some of the worst disparities in incomes and opportunities, with devastating macroeconomic consequences. The gross domestic product of the United States has more than quadrupled in the last 40 years and nearly doubled in the last 25, but as is now well known, the benefits have gone to the top — and increasingly to the very, very top.

Last year, the top 1 percent of Americans took home 22 percent of the nation’s income; the top 0.1 percent, 11 percent. Ninety-five percent of all income gains since 2009 have gone to the top 1 percent. Recently released census figures show that median income in America hasn’t budged in almost a quarter-century. The typical American man makes less than he did 45 years ago (after adjusting for inflation); men who graduated from high school but don’t have four-year college degrees make almost 40 percent less than they did four decades ago."

Link: http://opinionator.blogs.nytimes.com/20 ... oice/?_r=1

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Bleyseng
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Re: Income Inequality

Post by Bleyseng » Sun Feb 22, 2015 7:26 pm

Lanval wrote:"Of the advanced economies, America has some of the worst disparities in incomes and opportunities, with devastating macroeconomic consequences. The gross domestic product of the United States has more than quadrupled in the last 40 years and nearly doubled in the last 25, but as is now well known, the benefits have gone to the top — and increasingly to the very, very top.

Last year, the top 1 percent of Americans took home 22 percent of the nation’s income; the top 0.1 percent, 11 percent. Ninety-five percent of all income gains since 2009 have gone to the top 1 percent. Recently released census figures show that median income in America hasn’t budged in almost a quarter-century. The typical American man makes less than he did 45 years ago (after adjusting for inflation); men who graduated from high school but don’t have four-year college degrees make almost 40 percent less than they did four decades ago."

Link: http://opinionator.blogs.nytimes.com/20 ... oice/?_r=1

This is called "Trickle down economics" a GOP standby since Reagan and now the Party Platform going into the 2016 elections. If you believe this horseshit then you are the problem as you are voting/benefiting from this policy. Yes, this will Help the Middle Class.....sink lower and lower to be absorbed by the lower class so we can all work for Walmart at $9 hr.
Geoff
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denjohn
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Re: Income Inequality

Post by denjohn » Wed Mar 04, 2015 6:26 pm

It's more than income inequality:
https://firstlook.org/theintercept/2015 ... tem-leaks/
The deal has another effect: it all but confirms a two-tier justice system in which senior officials are slapped on the wrist for serious violations while lesser officials are harshly prosecuted for relatively minor infractions.
Peace
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