Flaylo
Handsome Devil
Reid Cramer: The New Inequality Is Wealth, Not Income
http://www.federalreserve.gov/pubs/bulletin/2012/PDF/scf12.pdf
GOP lemmings ignore the obvious to wipe the asses of the rich.
Here is what the Fed reported about the changes in wealth holdings. Between 2007 and 2010, the average family saw their wealth decline 39 percent. During the same period, median incomes dipped 8%. The 39% drop in wealth speaks to the severity of the recession but the impact was not experienced equally. Families in the top ten percent by income actually saw their net worth increase almost two percent.
Those at the top had their wealth holdings increase and almost everybody else experienced a drastic decline. That's inequality by definition. Check out the visual (rollover to see the absolute figures).
http://www.federalreserve.gov/pubs/bulletin/2012/PDF/scf12.pdf
GOP lemmings ignore the obvious to wipe the asses of the rich.