Friday, January 7, 2011

The Great Middle Class Swindle

The Great Middle Class Swindle | Mother Jones

This is the best explanation of the GOP Policy of Public Theft I've seen yet. Because of the complexity of the economics involved, there will never be a smoking gun, or empirical evidence that the richest 1% have literally stolen wealth from the middle class, but Mr. Drum builds a solid case suggesting strongly that something has happened to cause the current disparity in wealth. This tells it all:

That would be 673 Billion dollars that went from the bottom of the wealth ladder to the very top.  Something made it happen! Mr. Drum accurately points out that the dominant economic policies of the past 30 years have been the continuation of the Reagan "Voodoo" economics.  Of course it's way more complicated than that, but the income disparity exists. It's real. I'm in the throes of it, hoping my savings account and retirement income will keep me alive for a while.  Got a better idea?

More work to do...

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