Oct 12 2007

Surprize!

The richest Americans’ share of national income has hit a postwar record, surpassing the highs reached in the 1990s bull market, and underlining the divergence of economic fortunes blamed for fueling anxiety among American workers.

This from the WSJ no less. via (Huffpost)

I’d just like to thank the bush administration, the republicans in the 108th and 109th rubberstamp Congresses and the liberal media for their cooperation on making it possible.
 

The wealthiest 1% of Americans earned 21.2% of all income in 2005, according to new data from the Internal Revenue Service.

21.2% of all income.
Yep, gotta keep them rich folks ready to provide trickle down.

Next up, Senator Hatch demands refunds for dead plutocrats. “Their children are having problems paying for their third and fourth homes,” he said. “Now that’s not right.”
 

4 comments

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    • Lahdee on October 12, 2007 at 16:50
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    Why ever would that be? Don’t they know about trickle down?

    • nocatz on October 12, 2007 at 17:30
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    Reminded me of this little bit from the other day.

    Study: 41 million in U.S. can’t afford basics
    One in five working families has a tough time affording basics like shelter and health care while earning too much to qualify for food stamps or Medicaid, according to a new report.

    I think the link is still good.

    http://articles.mone…

  3. in American History

    All for the American Pie

    • Tigana on October 12, 2007 at 19:19
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    http://lcurve.org

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