General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forums"I just woke up from a thirty year coma. Somebody fill me in."
Well, lets see. Bill Cosby and Roseanne Barr have completely disgraced and humiliated themselves. Oh yeah, and Donald Trumps the President.
Okay, you know what? Im just going to go back to sleep now.....
grantcart
(53,061 posts)ffr
(22,668 posts)They auction off the environment for short-term gain.
They auction off our children's future for short-term gain.
They auction off the moral high ground for short-term political gain.
They auction off working families retirement plans for short-term gain.
$$$ rules their world. Turning their backs on America, becoming traitors if need be is just one more thing they're willing to accept in the name of the auction.
WhiteTara
(29,702 posts)we have traitors in the WH and Congress. That should send you into a deep sleep that lasts until you're dead so you can wake up in a new world!
DetlefK
(16,423 posts)DetlefK
(16,423 posts)DetlefK
(16,423 posts)DetlefK
(16,423 posts)DetlefK
(16,423 posts)DetlefK
(16,423 posts)Hortensis
(58,785 posts)jberryhill
(62,444 posts)Also, Prince, Michael Jackson and Whitney Houston are all dead.
bronxiteforever
(9,287 posts)kairos12
(12,852 posts)BlueJac
(7,838 posts)impossible
gordianot
(15,237 posts)Today they say it out loud.
Uncle Joe
(58,348 posts)as a whole...nah, just kidding
You're not imagining it: the rich really are hoarding economic growth
(snip)
The chart above shows how much the incomes of each group grew, on average, every year from 1980 to 2014. The two lines show both pre- and post-tax incomes.
The implication is clear. People at or below the median income saw their incomes rise by 1 percent or less every year during that period. That isnt nothing, but its hardly great. At the very bottom, some people have seen incomes fall pre-tax; while most poor households get government assistance to help with that, programs like food stamps or the earned income tax credit fail to reach about 20 to 25 percent of the people theyre meant to help.
But the rich? Boy, the rich made out like bandits. The top 1 percent, but really the top 0.1, top 0.01, and even top 0.001 percent (that last group included only 2,344 adults in 2014) saw really fast, dramatic growth in their incomes after 1980. Contrary to some recent commentary, the large increase in inequality isnt due to the top 20 percent; affluent, educated professionals with low-six-figure salaries and nice homes in good suburbs arent driving this. Their incomes are growing about 1.5 percent a year not bad, but not that much better than the middle class either. The major spike is in the top 1 percent (adults receiving an average of $1.31 million per year each out of national income) and above, where annual income grew by 3, 4, 5, even 6 percent.
This doesnt appear to have been the way the economy worked from, say, 1946 to 1980. On the request of the New York Timess David Leonhardt (who has a knack for smart suggestions for research from empirically minded economists), Piketty, Saez, and Zucman reproduced the same graph for every 34-year period from 1946 to the present. Heres how the 1946-1980 graph compares to the 1980-2014 graph:
(snip)
https://www.vox.com/policy-and-politics/2017/8/8/16112368/piketty-saez-zucman-income-growth-inequality-stagnation-chart
Thanks for the thread Tommy Carcetti