When income grows, who gains?
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| When income grows, who gains? |
Source: The data come from this table: http://www.econ.berkeley.edu/~saez/TabFig2008.xls
on Emmanuel Saez’s website at University of California, Berkeley. MethodologyNorton's comment: Try this chart on the website. Notice the the income disparity get worse as you move the bar forward from 1917 to the present! This is no accident. It is a reflection of Democracy being hijacked, of the already rich getting richer; i.e., the Wall street financiers, brokerage firms and banks. Then when WE bailed them out we gave more money to the people who were most responsible for the melt down. And did they make loans MORE available to the working class? No, they continued the derivativeness investment game that got us in the mess. Now, the diversion is to blame union workers, teachers and public servants for it by laying them off and battling the Unions and right to work laws. This is to keep the public off balance so we do not think to hold the real people responsible, throw them out! Ugh!
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