Sunday, June 16, 2013

How The Few Choose Inequality For The Many

How The Few Choose Inequality For The Many
"The U.S has become a less equal society over the past 30 years, but it didn’t just happen. Inequality in the U.S. happened by design, not by chance. It is the direct result of government policy. David Cay Johnston writes that the top 1 percent had just 10 percent of all reported national income. By 1999 the top 1 percent claimed 20 percent of national income. Since 2000, they have claimed about 1 fifth of national income. During the recovery, from 2009 to 2011, 121 percent of gains in income went to the top 1 percent."