Wednesday, July 14, 2010

It's good to be really really rich; everyone else is out of luck.

The Disequilibria blog has a post up that neatly breaks down all of the income gains for the last 10 years or so.

They all went to the top .1% of earners. The top one tenth of one percent. They made great fistfuls of money.

The rest of us are poorer. This is why we're in a recession/rapidly shading to depression. No one has any money to buy anything but for a handful of aristocrats.

The blog Naked Capitalism has more, here, "58% of real income growth went to top 1% since 1976."

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