Thursday, September 12, 2013

Income Gap Biggest In 100 Years

http://www.latimes.com/nation/nationnow/la-na-nn-income-inequality-20130910,0,5392493.story

“The wealth gap between the top 1% and the bottom 99% in the U.S. is as wide as it's been in nearly 100 years, a new study finds.”

“between 1993 and 2012, the real incomes of the 1% grew 86.1%,”

“those of the 99% grew 6.6%”

“The top 1% is defined as familes with incomes above $394,000 in 2012”

This great divide has happened with Democrats in the White House as well as Republicans. It has happened with Democrats leading the congress and Republicans too.

If you are lucky enough to be in the top 1%...Congrats! You are doing very well. Washington has represented your interests completely. If you are in the bottom 99% you may want to be upset. Turns out nobody is representing you at all. They are not even pretending.

No comments:

Post a Comment