Disparity between richest & poorest increasing...

[jerryvov]

News story that shows gap ever-increasing between the wealthy and poor/middle class....

story can be seen at: http://hosted.ap.org/dynamic/stories/I/INCOME_GAP?SITE=MAHYC&SECTION=HOME&TEMPLATE=DEFAULT

<snip>

WASHINGTON (AP) -- Over two decades, the income gap has steadily increased between the richest Americans, who own homes and stocks and got big tax breaks, and those at the middle and bottom of the pay scale, whose paychecks buy less.

The growing disparity is even more pronounced in this recovering economy. Wages are stagnant and the middle class is shouldering a larger tax burden. Prices for health care, housing, tuition, gas and food have soared.

The wealthiest 20 percent of households in 1973 accounted for 44 percent of total U.S. income, according to the Census Bureau. Their share jumped to 50 percent in 2002, while everyone else's fell. For the bottom fifth, the share dropped from 4.2 percent to 3.5 percent.

[soupkitchen]

1. "Off with their heads, off with their heads"

When you sharpen class distinctions you sharpen the guillotine.