Luddly Neddite
Diamond Member
- Sep 14, 2011
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Incomes of bottom 90 percent grew $59 in 40 years - Salon.com
So what if you're working for pretty much the same wage as your father and grand father. What's important is that your hard work put more money in the pockets of the top 10%.
So, just shut up and get busy earning more money for the wealthy.
Incomes for the bottom 90 percent of Americans only grew by $59 on average between 1966 and 2011 (when you adjust those incomes for inflation) During the same period, the average income for the top 10 percent of Americans rose by $116,071.
...
The vast majority averaged a mere $59 more in 2011 than in 1966. For the top 10 percent, by the same measures, average income rose by $116,071 to $254,864, an increase of 84 percent over 1966.
Plot those numbers on a chart, with one inch for $59, and the top 10 percents line would extend more than 163 feet.
Now compare the vast majoritys $59 with the top 1 percent, and that line extends for 884 feet. The top 1 percent of the top 1 percent, whose 2011 average income of $23.7 million was $18.4 million more per taxpayer than in 1966, would require a line nearly five miles long.
So what if you're working for pretty much the same wage as your father and grand father. What's important is that your hard work put more money in the pockets of the top 10%.
So, just shut up and get busy earning more money for the wealthy.