Graphic: Top 1% share of income rivaling what is was under Herbert Hoover in the 1920's.

[pampango]

http://www.theatlantic.com/business/archive/2012/03/income-inequality-is-real-its-global-and-its-worst-in-the-us/254248/

Looks like the top 1% got about 20% of income in the late 1920's. Looks like it is up to about 17% now - easily the worst in the developed world. The share of income that the US 1% received was pretty much in line with the rest of the world until 1980 or so. What happened then? I think we know.

[Angry Dragon]

1. Raygun happened

[hifiguy]

2. Reagan was only the symptom and the messenger.

The Nazi-loving oligarchs who were behind the Business Plot against FDR never went away, only underground. They spent 40 years building their organizations and infrastructure and re-emerged in the 1970s.

The histoy is there to be found in the books:

Rick Perlstein:

Before The Storm
Nixonland
The Invisible Bridge

Kevin Kruse:

One Nation Under God

Both much-awarded and highly respected historians, not woo-merchants.

Every bit of what has happened in the last 40 years was part of a long term plan

[Angry Dragon]

3. okay----thanks

[eppur_se_muova]

4. I've been reading Perlstein's "Invisible Bridge" -- really appalling details I didn't know about.

How anyone ever took Reagan seriously just gets more and more mystifying, the more I read.

[hifiguy]

5. Perlstein writes some of the best and most thorough

sociopolitical history I have ever read. He connects the dots better than any other historian of the era.

Reagan had immensely powerful people spending equally immense amounts of money to sell the crapolahe was dishing out and fronting for. Reagan was picked as the Chief Shill because he was "likable" over television.