Doc91678
Rookie
- Banned
- #1
December 23, 2012
by Ed Morrissey
In the town that launched the War on Poverty 48 years ago, the poor are getting poorer despite the governments help. And the rich are getting richer because of it.
The top 5 percent of households in Washington, D.C., made more than $500,000 on average last year, while the bottom 20 percent earned less than $9,500 a ratio of 54 to 1.
That gap is up from 39 to 1 two decades ago. Its wider than in any of the 50 states and all but two major cities. This at a time when income inequality in the United States as a whole has risen to levels last seen in the years before the Great Depression.
The federal government does redistribute wealth down to struggling Americans. But in the years since President Lyndon Johnson took aim at poverty in his first State of the Union address, there has been an increasingly strong crosscurrent: The government is redistributing wealth up, too especially in the nations capital.
Read more:
Federal government largest driver of income inequality? « Hot Air
by Ed Morrissey
In the town that launched the War on Poverty 48 years ago, the poor are getting poorer despite the governments help. And the rich are getting richer because of it.
The top 5 percent of households in Washington, D.C., made more than $500,000 on average last year, while the bottom 20 percent earned less than $9,500 a ratio of 54 to 1.
That gap is up from 39 to 1 two decades ago. Its wider than in any of the 50 states and all but two major cities. This at a time when income inequality in the United States as a whole has risen to levels last seen in the years before the Great Depression.
The federal government does redistribute wealth down to struggling Americans. But in the years since President Lyndon Johnson took aim at poverty in his first State of the Union address, there has been an increasingly strong crosscurrent: The government is redistributing wealth up, too especially in the nations capital.
Read more:
Federal government largest driver of income inequality? « Hot Air
