Washington’s Blog
Sunday, September 4, 2011
I’ve repeatedly noted that rampant inequality destabilizes the economy as a whole, and actually causes depressions … but that government policy is increasing inequality.
I’ve also pointed out that no one – liberal or conservative – likes runaway inequality.
Now, Jeffrey P. Thompson (Assistant Research Professor at the Political Economy Research Institute of the University of Massachusetts, Amherst) and Elias Leight (Assistant Analyst Tax Analysis Division of the Congressional Budget Office) have demonstrated that when the wealthiest Americans get richer, everyone else becomes poorer.
For example, they demonstrate that when the wealthiest Americans get 10% richer, middle income Americans get 2% poorer.
5 Responses to “When the Rich Get Richer, It DOESN’T Raise All Boats … It SINKS The Standard of Living For Everyone Else”
Leave a Reply
You must be logged in to post a comment.
no shit …and if they dont seem to have enough there puppet gov in DC gives them trillions more …..cant have them a liittle short……the monchanger scumfucks scam on the world is just pure evil
If the rich get richer ,it is because the poor get poorer!!!!!!!!!
simple equation Greed = poverty,famine,genocide(war).
When human will have evolved enough to leave this matrix of $$$$$$$$$ and Power, then and then only will Peace be possible on this planet.
and as long as young people join the military, this abuse will continue by the hand full of dictators (the Bilderberg people) who call the shots.
Vic Reply:
September 4th, 2011 at 7:25 am
Time to trash the: support the troops theory and welcome the: support humanity and peace theory.
Vic Reply:
September 4th, 2011 at 7:26 am
Once they run out of soldiers to handle the weapons, the greedy ones will be less arongant.
We are all being reduced to poverty except for the top of the pyramid