15 Mind-Blowing Facts About Wealth And Inequality In America

[OlympicBrian]

Gus Lubin | Nov. 27, 2010, 5:37 AM

(Some good graphs, though a few based on somewhat dated data.)

The rich are getting richer and the poor are getting poorer. Cliché, sure, but it's more true than at any time since the Gilded Age.

While politicians gloat about our "recovery," our poor are getting poorer, our average wages are still falling behind inflation, and social mobility is at an all-time low.

But, yes, if you're in that top 1%, life in America is grand.

Read more: http://www.businessinsider.com/facts-about-inequality-in-america-2011-11#ixzz16WDEnfOl

[tabatha]

1. And the middle class are the "greedy generation"?

[OlympicBrian]

2. And, the middle class is about to get a tax raise...

The middle class is about to get taxes raised under some of the new tax plans being put forth.

[tabatha]

4. What are those new plans?

I believe that Obama prefers to give tax cuts to the middle class and NOT the wealthy.

[OlympicBrian]

8. Yes, but after the Bush tax cut debate concludes come "new plans"...

All regressive tax plans, save one--which isn't being publicized.

A good summary of three of them:

http://upload.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x9612010

[tabatha]

9. Suggestions, not plans.

[OlympicBrian]

7. Here's one "take home" from those graphs

Federal Reserve Chairman Bernanke has claimed that his strategy for invigorating the economy and bringing jobs back is to boost the stock market with his QE2 infusions.

But 90.3 percent of all stock, bond, and mutual fund holdings are held by the top 10 percent of the population!

[laughingliberal]

3. K & R nt

[Catherina]

5. rec'd n/t

[leftstreet]

6. Class struggle replaces social mobility. How will it all end?

Interesting charts!

[Poboy]

10. Great slide show

The income gap is NOT growing in other countries, like France



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If you aren't in the top 1% of America's earners, you're pretty much screwed

[BlueIris]

12. Those graphs are striking. nt

[billlll]

11. A HERITAGE FOUNDATION trick- about 3 LW pages then about 6 fm HERITAGE slamming spending

Slamming healthcare at length

The site is called "business insider"- pro-business I assume.

[progressoid]

13. Are you looking at the same site as the rest of us?

6 slamming spending and healthcare? Huh?

[OlympicBrian]

14. I think he might have been holiday drunk...

No graphs on healthcare or spending in there.