Reverse Robin Hood at its Finest

[Addison]

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 else’s 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 nation’s 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).

“It’s as if the entire economic recovery is going into the pockets of the rich,” Les Leopold writes at AlterNet. “And that’s no accident.”

[blkmusclmachine]

1. .

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[Brigid]

2. Can we start with the torches and pitchforks already?

[WillyT]

3. K & R !!!

[love_katz]

4. Kicking.

My income dropped by over $5,000.00 dollars last year. Now I know where it went.