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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsRichest 1 Percent Account For Nearly All Of U.S. Recovery's Gains: Huffpost
http://www.huffingtonpost.com/2012/03/05/1-percent-income-inequality_n_1321008.htmlIn 2010 -- the first full year since the end of the Great Recession -- virtually all of the income growth in America took place among the country's very wealthiest people, says an economist at the University of California, Berkeley. The top 1 percent of earners took in a full 93 percent of all the income gains that year, leaving the other 7 percent of gains to be sprinkled among the vast majority of society.
But let's not ask them to pay their share, instead we should take it out on Teachers and Firefighters.
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Richest 1 Percent Account For Nearly All Of U.S. Recovery's Gains: Huffpost (Original Post)
edhopper
Mar 2012
OP
Rex
(65,616 posts)1. Sigh this is 'pissed on economics'. Bunch of garbage.
Yet we are glad to get those table scraps!!! That 7% sure is nice to munch on, glad the owners got 93%. All hail the owners!!!
edhopper
(33,615 posts)2. And it's not the GOP will continue to do their bidding
I would just like to see the Dems as a Party make raising their taxes a priority.
Rex
(65,616 posts)3. Yes all this pandering to powerful conglomerates
only enables their abuse, the Dems need to make a stand for the rest of us...which last time I checked put them into office. Not the 1%ers.
girl gone mad
(20,634 posts)4. This is what neoliberalism is all about.
Those who demand we cheer for the bogus recovery story are literally asking us to root for the destruction of our children's future.