posted on Apr, 30 2016 @ 05:09 PM
Not a real big fan of The Daily KOS however they do post some excellent pieces.
Here's the chart.
This chart shows the distribution of Income during past economic expansions.
A couple of points to note:
What was it that happened in 1980 to change the trend so dramatically (the trend was narrowing prior to 1980). The rise of Voodou Economics as
preached by Milton Friedman and the election of Ronnie Raygun by the Christian Right (largely southern democrats).
I'd say too shows a decided 'learning curve' by the osteniously weathly on just how to extract wealth from working people.
This chart misrepresents the true extent of the redistribution of Income (not wealth per se) as it divides the populist at the 50th percentile.
There is another article on The Daily KOS today that poled the 1% about issues of general concern. They state that most poles denote anyone making
over $150K - $250 as being wealthy which is clearly not the case. This particular pole moves that bar to $1M a year or more a more realistic
Now that's an interesting pole.