Two Numbers: The Rich Are Getting Richer, Faster
http://www.newsweek.com/two-numbers-rich-are-getting-richer-faster-224535
Speaking at a nonprofit community center in one of Washington’s poorest neighborhoods, President Obama recently promised to devote the rest of his presidency to addressing income inequality. His comments, however, pointed to another widening chasm in the nation – between political rhetoric and the ability to get anything done.
It’s no secret that the rich are getting richer and that the income gap between them and everyone else in America has reached alarming proportions. The trend has provoked handwringing for some time now. What’s surprising is that it continues to grow apace.
One simple measure of inequality is to look at the ratio of average to median, or midpoint, wages. For years the average grew faster than the midpoint, meaning that lower wage earners fell further behind the top half. An increase in this ratio signals rising inequality. From 2001 through 2008, during the Bush presidency, this inequality measurement grew on average 0.28 percentage points per year. From 2009 through 2012, during the first term of President Obama, the same ratio grew on average 1.24 percentage points per year. That’s about four and a half times faster than under Bush.
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(Article does continue. Zim.)
Why are the rich getting richer under obamba?
Because obamba is a socialist. And, under socialists,
the government authority to 'redistribute the wealth'
invariably redistributes the wealth into the rich's
pockets.
Take the tens of billions of dollars obamba shoveled
out to 'green energy companies' . . . You know, the
ones which went bankrupt. The rich shoveled the money
into their pockets, then walked away after declaring
bankruptcy.
Or obamba's 'quantitive easing'. A fancy way of
saying we gonna print money and shovel it into the
stock market . . . and who gets rich(er) off the
stock market? Usually the wealthy.
In the long run, socialism has never worked.
Zim.
Mad Poet Strikes Again.
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