Income Gap Is Widening, Data Shows
Income inequality grew significantly in 2005, with the top 1 percent of Americans — those with incomes that year of more than $348,000 — receiving their largest share of national income since 1928, analysis of newly released tax data shows.
There was a short period of time durring the mid-20th century when the American Dream meant something, but that was an aberration. Today it is more of a crap shoot, fueled by greed at the top and the lottery mentality of an underclass that has been thoroughly beaten into submission.
Look at this most recent data:
- Incomes at the top 1% rose on average $139,000 (For comparison, median home price in Cincinnati is $127,805). Meanwhile, incomes for the bottom 90% dropped by $172.
- The income of the top 300,000 earners equalled that of the bottom 150 million.
The new era of the robber baron is upon us and I know what John Lydon meant when he stared menacingly into the camera and said, "Ever get the feeling you've been cheated?"
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