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Friday, May 25, 2012

How the 1% Defeated the 99% By Concentrating Wealth and Power

Out of work
America has become a place where the poor are getting poorer, the middle class is vanishing and the rich are getting richer. That facts and stats are startling. Economist Robert Richter wrote: "The richest 1 percent of Americans last year took home 23 percent of total national income. Back in 1980, the richest 1 percent took home 8 percent of total income. The last time the top 1 percent took home more than 20 percent of total income was in 1928, just before the Great Crash."
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