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Reverse Robin Hood at its Finest
http://www.truthdig.com/eartotheground/item/how_the_rich_benefited_from_the_recovery_while_most_of_us_got_nothing_20130/The richest Americans made trillions during the so-called economic recovery from 2009 to 2011, while most everyone elses net worth dropped, according to a recent Pew Research Social & Demographic Trends analysis of newly released Census Bureau data.
According to the study, the net worth of the nations wealthiest 7 percent rose 28 percent during that time period. In contrast, the net worth of the rest of Americans dropped 4 percent. The 8 million families at the top saw their aggregate wealth rise $5.6 trillion (an increase of roughly $700,000 per family), while the 111 million families that comprise the remaining 93 percent saw their total wealth decline more than $600 billion (a decrease of roughly $6,000 per family).
Its as if the entire economic recovery is going into the pockets of the rich, Les Leopold writes at AlterNet. And thats no accident.
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Reverse Robin Hood at its Finest (Original Post)
Addison
May 2013
OP
blkmusclmachine
(16,149 posts)1. .
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Brigid
(17,621 posts)2. Can we start with the torches and pitchforks already?
WillyT
(72,631 posts)3. K & R !!!
love_katz
(2,584 posts)4. Kicking.
My income dropped by over $5,000.00 dollars last year. Now I know where it went.