Sunday, November 28, 2010

The Rich Get Rich and the Poor Get Poorer | CommonDreams.org

The Rich Get Rich and the Poor Get Poorer | CommonDreams.org:

"'There's nothing surer; the rich get rich and the poor get poorer,' was a slogan of the roaring 20s. The famous phrase was adapted from 'Ain't We Got Fun,' a popular song recorded in 1921. So what's new in America in the first decade of the 2000s?

Nothing! America's top 72 wage earners averaged 84 million dollars each in income last year, according to Social Security Administration data. The richest 1 percent of us earned 24 % of the nation's total income, the highest since 1928, just before the Great Depression."

No comments: