http://articles.latimes.com/2011/oct/27/business/la-fi-rich-poor-20111027
"The rich are getting richer, U.S. study says."
"The top 1% of households earned 275% more in 2007 than they did in 1979, while the poor saw just an 18% increase, according to a study by the nonpartisan Congressional Budget Office."
Now, you might say that an 18% increase in the 28 years from 1979 to 2007 doesn't mean the lower level is getting poorer, but that they are much, much better off than they were, practically wallowing in their riches.
I'd respond that it is 18% of what, compared to 275% of what.
Face it, this economy, this new world order so loved by Conservatives, is only working for the ultra-wealthy, no one else. And that the outcome of the policies Conservatives promote is a banana republic. Why you want the US to have untold millions of very poor people and a few ultra-rich is beyond me, but you are locked into that outcome and quite vociferous about it.
Doesn't seem reasonable, rational, or right. Yet there you are. Advocating economic slavery for almost all.
Go figure.
Flame » in reply to Your phrase was the "rich getting richer, and the poor getting poorer."
I was giving you the benefit of the doubt.
The whole thread (11 posts)
- The times cry for new statistics.
