From Pine View Farm

The Rich Are Different from You and Me 2

And they like it that way.

The millionaires and billionaires of the “1 Percent” saw their earnings spike by roughly 20 percent in 2012, the researchers found, while the other 99 percent of Americans brought home a paltry 1 percent pay hike, on average.

“We’ve got an economy that serves strictly to benefit the wealthy and not the average working person,” said Sharon Ward, executive director of the Pennsylvania Budget and Policy Center, who was aghast at the findings.

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2 comments

  1. George Smith

    September 13, 2013 at 3:01 pm

    The latest income-inequality surge came after protesters – such as the Occupy Wall Street movement – raised public awareness of the wealth gap, and although it was a front-burner issue in the presidential election, Ward said this new report “is going to pour fuel on that flame.”

    I don’t live in the same world as the professor. I do believe Occupy was successfully crushed and over the Labor Day weekend I noticed news of poverty wage workers being arrested by heavily armed policemen for the insolence of the picket line. This kind of news doesn’t spark outrage, thought it should. Since nothing happens it’s just deadening. Social unrest has to happen, many more people need to have the cold shower of misery thrust upon them. Moreover, WhiteManistan has to be hastened in its long goodbye even though we’ve noticed it still has a good stranglehold on power. Except in California, where the minimum wage is about to be raised to the highest in the nation — if slowly — to a measly 10 dollars. Even the big newspaper here declines to talk to the GOP about what it thinks and gives only minimal space to “businessmen” and “trade groups” complaining about how it will raise unemployment. When the majority of Americans lose the fear of showing open hostility to corporate wealth, then we’ll be in a better position. See here, even on the experts called upon by the Bunch fellow couldn’t get his head around 10 bucks without a caveat: “Smeeding said a raise to the $10-to-$12 range might lead to layoffs, targeting urban workers struggling to escape poverty.” And he’s a six figure earner with benefits and tenure, easy, in the modern economy. That remains a big part of the problem, one I’ve noticed more and more from the people who are given the honor of being official anointed explainers.

     
  2. Frank

    September 13, 2013 at 9:56 pm

    They are going to bleed people until we have Haymarket riots, only now they will be met with SWAT teams instead of the National Guard.

     

    Aside:  for italics i is deprecated.  Use em.  For bold, use strong.  Yeah, it took me a while to get used to it, too.