{"id":4209,"date":"2011-03-03T05:37:39","date_gmt":"2011-03-03T13:37:39","guid":{"rendered":"http:\/\/www.politicsplus.org\/blog\/?p=4209"},"modified":"2011-03-03T05:37:39","modified_gmt":"2011-03-03T13:37:39","slug":"obscene-income-inequality","status":"publish","type":"post","link":"https:\/\/www.politicsplus.org\/blog\/2011\/03\/03\/obscene-income-inequality\/","title":{"rendered":"Obscene Income Inequality"},"content":{"rendered":"

As a rule, Republicans govern incompetently.  Were this not so, the Republican recession would not have happened.  But Republicans do some things very well.  One of the principal things at which Republicans excel is the transfer of wealth from the poor and middle classes to the very rich.  This has led to a level of inequity in wealth and income unparalleled in our nation\u2019s history.  A series of charts at the end of this article will demonstrate this so clearly that it may blow your mind.<\/font><\/p>\n

\n

\"3trickle-down\"The March\/April issue of Mother Jones magazine has a fascinating account<\/font><\/a> of the growing income gap and staggering economic inequality in America. Bolstered by a selection of illuminating infographics<\/font><\/a> [the source of the graphics below], MJ writer Kevin Drum paints a bleak picture of opportunity in the U.S.:<\/font><\/p>\n

Income inequality has grown dramatically since the mid-’70s\u2014far more in the US than in most advanced countries\u2014and the gap is only partly related to college grads outperforming high-school grads. Rather, the bulk of our growing inequality has been a product of skyrocketing incomes among the richest 1 percent and\u2014even more dramatically\u2014among the top 0.1 percent. It has, in other words, been CEOs and Wall Street traders at the very tippy-top who are hoovering up vast sums of money from everyone, even those who by ordinary standards are pretty well off.<\/font><\/p>\n

Some figures to consider: The bottom 80 percent of American households have lost ground in share of income since 1979. The top one percent, meanwhile, has seen its slice of the pie increase more than 120 percent. What these shifts translate to is this: The top 10 percent of Americans earn nearly three-quarters of all income in the country, leaving the poor with whatever is left.<\/font><\/p>\n<\/blockquote>\n

Inserted from <Salon<\/a>><\/p>\n

Now get a load od these!<\/font><\/p>\n

\"3OII1\"<\/font><\/p>\n

Look at the pittance 90% of us get.<\/font><\/p>\n

\"3OII2\"<\/font><\/p>\n

Can you see the Clinton years?  Look what share of income for the bottom 80% has done.<\/font><\/p>\n

\"3OII3\"<\/font><\/p>\n

The bottom 40% has about 0.2% of the wealth.<\/font><\/p>\n

\"3OII4\"<\/font><\/p>\n

This demonstrates the effect of the Republican Revolution of 1980.   Only the top 10% get more.<\/font><\/p>\n

There is a single reason that this inequity exists.  The policies of the Republican Party have created it, by design.  The only long term solution I can see is the demise of the Republican Party.  We can\u2019t afford them. They need to join the Whigs.<\/font><\/p>\n","protected":false},"excerpt":{"rendered":"

As a rule, Republicans govern incompetently.  Were this not so, the Republican recession would not have happened.  But Republicans do some things very well.  One of the principal things at which Republicans excel is the transfer of wealth from the poor and middle classes to the very rich.  This has led to a level of […]<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-4209","post","type-post","status-publish","format-standard","hentry","category-politics","category-5-id","post-seq-1","post-parity-odd","meta-position-corners","fix"],"_links":{"self":[{"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/posts\/4209","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/comments?post=4209"}],"version-history":[{"count":0,"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/posts\/4209\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/media?parent=4209"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/categories?post=4209"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/tags?post=4209"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}