US Wealthy Have Biggest Piece of Pie Ever Recorded: Report

[TomClash]

U.S. inequality is at a record high, a new analysis shows.

The income gap between the wealthy 1% (families with incomes above $394,000 in 2012) and everyone else is the widest it's been since 1927, the new study from UC Berkeley, Striking it Richer: The Evolution of Top Incomes in the United States, shows.

Breaking another record, the top 10% of earners took in "a level higher than any other year since 1917 and even surpasses 1928, the peak of stock market bubble in the 'roaring' 1920s," according to the analysis.

As the economy moved slowly away from the crash, incomes of the top 1% have grown more than 31%, while the incomes of the 99% grew 0.4%.

http://www.commondreams.org/headline/2013/09/11-6

[Comrade Grumpy]

1. It's time to eat the rich. Where are the torches and pitchforks?

[liberal_at_heart]

2. Will we hear anything about this from the politicians? Doubtful. They don't care.

[fredamae]

3. They don't care because

they too are the recipients--Political affiliation has nothing to do with this-the majority of DC Pols-across the board- are the beneficiaries of their own legislation they promised would be good for Us.

[DirkGently]

4. America's Second Gilded Age

$0.95 of every dollar of the "recovery" went to the top 1%.

[Enrique]

5. not enough

send Larry Summers in there.

[bvar22]

6. This does NOT happen by ACCIDENT.

It is the result of carefully planned and implemented Economic Policy.

It requires careful preparation, marketing, buying the right politicians, message control, courts packed with Conservative Corporate Rights Judges, and the marginalization and suppression of any opposition.

MISSION ACCOMPLISHED
for the 1% and their Mouth Pieces in Washington and the MSM!




You will know them by their [font size=3]WORKS.[/font]

[bvar22]

7. Adding this to the list of BAD NEWS for Americans who Work for a Living.

US Wealthy Have Biggest Piece of Pie Ever Recorded
http://www.commondreams.org/headline/2013/09/11-6


Gallop: 20.4% of Americans now “going hungry”.
http://inplainsight.nbcnews.com/_news/2013/09/12/20460846-1-in-5-americans-struggling-to-put-food-on-the-table?lite

Study: "Trade" Deal Would Mean a Pay Cut for 90% of U.S. Workers
http://www.democraticunderground.com/10023661805

Obama Appoints Bain Capital Consultant Jeff Ziets to Top Post
http://www.democraticunderground.com/10023662209

Obama selects former Monsanto lobbyist to be his TPP chief agriculture negotiator
http://www.democraticunderground.com/10023662210

The Totally Unfair And Bitterly Uneven 'Recovery,' In 12 Charts – HuffPo
http://www.democraticunderground.com/10023662029

Larry Summers Gets 'Full-Throated Defense' From Obama In Capitol Hill Meeting
http://www.democraticunderground.com/1014553343#post1

Wall Street will get away with massive wave of criminality of 2008 - Statute of Limitations
http://www.democraticunderground.com/10022516719

Income gap widest ever: 95 Percent of Recovery Income Gains Have Gone to the Top 1 Percent
http://www.slate.com/blogs/moneybox/2013/09/10/one_percent_recovery_95_percent_of_gains_have_gone_to_the_top_one_percent.html


Older Workers:.Set Back by Recession, and Shut Out of Rebound
http://www.nytimes.com/2013/08/27/booming/for-laid-off-older-workers-age-bias-is-pervasive.html?smid=tw-share&_r=3&

40% Of Americans Now Make Less Than 1968 Minimum Wage
http://seeingtheforest.com/40-of-americans-now-make-less-than-1968-minimum-wage/
50% of Working Americans NOW make less than $27,000/Yr.
http://www.democraticunderground.com/10023308914

Right now, forty percent of Americans make less than the minimum wage from 1968.
http://pac.petitions.moveon.org/sign/raise-the-minimum-wage-19/?source=search


Daily CEO Pay Now Exceeds the Average Worker's Annual Salary –
http://thecontributor.com/daily-ceo-pay-now-exceeds-us-workers-annual-salary




76% of Americans are living paycheck-to-paycheck
http://money.cnn.com/2013/06/24/pf/emergency-savings/index.html


New Rule (Passed by Congress and signed by President Obama) signals Kiss of Death for Pensions
http://www.cnbc.com/id/100694955


Corporate Profits Have Grown By 171 Percent Under Obama -- Highest Rate Since 1900
http://www.alternet.org/news-amp-politics/corporate-profits-have-grown-171-percent-under-obama-highest-rate-1900

Wealthy win lion's share of major tax breaks
http://www.boston.com/business/news/2013/05/29/wealthy-win-lion-share-major-tax-breaks/Ua0UyYle21EUXub7g1suCI/story.html

Half of America is in poverty, and its creeping toward 75%
http://www.alternet.org/economy/real-numbers-half-america-poverty-and-its-creeping-toward-75-0

Wealth gap widens as labor's share of income falls
http://www.nbcnews.com/business/wealth-gap-widens-labors-share-income-falls-1B6097385

As the Economy Recovers, the Wealth Gap Widens
http://www.usnews.com/news/blogs/rick-newman/2013/03/11/as-the-economy-recovers-the-wealth-gap-widens

Top One Percent Captured 121 Percent Of All Income Gains
http://www.huffingtonpost.com/2013/02/12/top-one-percent-income-gains_n_2670455.html

Corporate Profits Hit Record High While Worker Wages Hit Record Low
http://thinkprogress.org/economy/2012/12/03/1270541/corporate-profits-wages-record/?mobile=nc

Coincidence?
I think NOT.



[font color=firebrick][center]"There are forces within the Democratic Party who want us to sound like kinder, gentler Republicans.
I want a party that will STAND UP for Working Americans."
---Paul Wellstone [/font][/center] [center] [center] [/font][font size=1]photo by bvar22
Shortly before Sen Wellstone was killed[/center][/font][/center]


You will know them by their [font size=3]WORKS.[/font]