It's the Inequality, Stupid
Eleven charts that explain everything that's wrong with America.
— By Dave Gilson and Carolyn Perot
Mother Jones - March/April 2011 Issue
How Rich are the Superrich?
A huge share of the nation's economic growth over the past 30 years has gone to the top one-hundredth of one percent, who now make an average of $27 million per household. The average income for the bottom 90 percent of us? $31,244.
READ THE FULL ARTICLE HERE
My comment...
The rich get richer at the expense of the rest of us, and there is no hope this trend will be reversed. Why? Because the median net worth for members of Congress is $912,000. Nearly half of the 535 members of Congress are millionaires or multimillionaires, while for you and me it's 4.5% (1 in 22).
TheNewGildedAge.blogspot.com This blog focuses on the growing inequality of income and wealth in the U.S. As Warren Buffett said in 2008: “There's class warfare, all right, but it's my class, the rich class, that's making war, and we're winning.”
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