boedicca
Uppity Water Nymph from the Land of Funk
- Feb 12, 2007
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The richest 1 percent of Americans now take home almost 24 percent of income, up from almost 9 percent in 1976.
In 1976, the average worker could buy a house, send their kids to college, have full health insurance...all on one salary
Since then, the wealthiest 1% has convinced them that times are bad, they need to work harder, accept lower benefits at less pay..... all while pocketing more and more of available wealth
It's really a shame that the Federal Government implemented policies and regulations, and financed two GSEs which fueled the Real Estate Bubble and ruined the opportunity for home ownership for so many.