tagged w/ top 1%
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Wealth and power are rapidly becoming concentrated at the top and the large global corporations are making massive amounts of money. Meanwhile, the American middle class is being systematically wiped out of existence as U.S. workers are slowly being merged into the new “global” labor pool.
Corporations are moving operations out of the U.S. at breathtaking speed. Since the U.S. government does not penalize them for doing so, there really is no incentive for them to stay.
Meanwhile, the richest 1% of Americans — those making $380,000 or more — have seen their incomes grow 33% over the last 20 years, leaving average Americans in the dust.
http://rtruth.blog.com/2011/09/28/the-great-exterminationthe-middle-class-in-america/Wealth and power are rapidly becoming concentrated at the top and the large global... more
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mab001
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added this
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8 months ago
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Regardless of how the economy is doing it seems the super-rich come out ahead and to prove it, Wall St. has set yet another new pay record and the wealth gap widens.Regardless of how the economy is doing it seems the super-rich come out ahead and to... more
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All figures from the US Census Bureau.
Retraction: a person earning 46,000/year could live for 21,000 years and not spend 1 billion.
I made two errors in that calculation, setting it off by a factor of 10 twice.All figures from the US Census Bureau.
Retraction: a person earning 46,000/year... more
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asherp
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added this
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2 years ago
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