In to whose pockets did national income growth go to from 2009 to 2011?

In to whose pockets did national income growth go to from 2009 to 2011? The 1 percent, that’s who, via dividend growth, corporate profits and surging share prices.

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The US Economic Crisis: How we got here.

“Apparently unbeknownst to many, the working class in America has been living with austerity economics for forty years now. Since the 1970s the proportion of what American labor is paid relative to what it produces has been declining, as have the effective tax rates on corporations and the wealthy. With corporations and the rich who own them receiving a larger proportion of what labor produces and paying less in taxes, there is now little left to pay for necessary social programs such as schools, health care and pensions. But this shortfall is no accident. It is the intended result of four decades of policies specifically designed to enrich the ruling class at the expense of labor, the middle class and the poor.”

The paragraph above is heisted from the story that is linked below. It’s highly accurate point-of-view as to what is happening to the US economy and how the 99 percent are getting screwed over by the 1 percent via their control of the federal government and their lapdogs in politics like Wall Street Fetchboy Senator Ron “Total Sleezebag” Wyden.

The Economic Crisis: Say Goodbye to Social Security? Counterpunch.com

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