what you gonna do about this? Between 1947 and 1979, American productivity rose by 119%. Average wages rose by an impressive 100%. The top 1% got 9% of the national income. Between 1979 and 2009, the era of unrestrained Free Market Economics, American productivity rose by just 80 %. Average wages rose by a very more modest 8%. The top 1%, however, took a whopping 23% of the national income. This is now the future pattern ... unless Free Market Economics is destroyed. Today, 1% of Americans own 30% of the country’s personal wealth .The wealthiest three people in America could pay off the total American annual budget deficit . The four hundred richest Americans control the same wealth as the poorest 150 million Americans. Each of the 400 has, on average, the same wealth as 400,000 of their fellow citizens. It won’t be too long before it’s a million to one. The degree of psychological control that the American rich exert over the American poor is simply staggering, almost beyond belief. amazon/Mathmos-God-Mike-Hockney-ebook/dp/B00IRNC4IS/ref=la_B004KHR7DC_1_5?s=books&ie=UTF8&qid=1395777648&sr=1-5#reader_B00IRNC4IS.
Posted on: Tue, 25 Mar 2014 21:35:08 +0000
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