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ranbotrader
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No Increase in Wealth Inequality for Top 1% Since 1960

- Mish - Global Economic Analysis

So are you for real Mish? Without even a quantitative analysis it is obvious that 'average' Americans are beginning to join the ranks of the working poor.

With respect to your information for want of another word:

1. Your graph "Cumulative change in real household capital income" appears to tell a different story to the one you are peddling.
2. The above graph indicates that the top 1% have made a gain of around 309% since 1979.
3. The same graph indicates that the bottom 20% of earners have gone backwards by 59%.
4. So the difference is around 360%. This is not significant? Yeah right!!

The whole point is that the rich have done well, and I congratulate them on this. What I do not congratulate this group on is that they refuse to pay a FAIR amount of tax, that they refuse to pay average workers a living wage with all the outs which the rich have become accustomed to spewing out, and they live in the belief that it is all theirs, that their fellow Americans are bums and do not want to work and that health care is not their responsibility (just like taxes are somebody else's responsibility as well. Its enough to make one want to throw up.

When I look at basic wage earners getting $7.25 an hour, being on call all hours of the day and night and not earning enough money to pay their way I know that something is WRONG in the system. What is wrong is that the rich live in the belief that 'it is all theirs' and that somebody else (please tell me who) should be looking out for the lazy beggars who clean their houses and do their work for them. Give me strength: a nation should not be owned by the 1%. If it is then the government is also owned by the same group as this is the only way such a system of inequity and unfairness can exist. Government "for the people, by the people"??? Not a chance. This is propaganda and the current system reeks of the circumstances which led to the French revolution. Let them eat cake!!

Whilst I am not poor I find the disparity between fellow citizens and the attitude of the manipulating 1% a disgrace. These folk may enjoy the fruits of their labor but they will get their just desert in the next world.

Commenté il y a 3673 jours

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Début de l'article :For all the ranting about the top 1% by the Economic Policy Institute and others, a US Berkeley study by Emmanuel Saez and Gabriel Zucman on The Distribution of US Wealth, Capital Income and Returns since 1913 shows no increase in wealth inequality for top 1% since 1960%. All of the increase in wealth inequality is not in the top 10% or top 1%, but rather the top .1 or top .01%. Here are some charts to consider. click on any chart for sharper image Wealth Has Been Always Concentrated T... Lire la suite

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