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Archive for April 14th, 2013

The US Banana Republic: On our way to becoming what we used to be.

“Incomes for the bottom 90 percent of Americans only 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.

During the same period, members of the top 1 percent saw their incomes grow by 275 percent.
And the top 1 percent of the top 1 percent – their 2011 average income of $23.7 million was $18.4 million more per taxpayer than in 1966.

Another way to illustrate the huge disparity: the six heirs to the Walmart fortune had a net worth equivalent to the bottom 41.5 percent of Americans combined in 2010.”
Let that sink in.

How can anyone support vulture capitalism? America has been a plutocracy for decades now, controlled by these greedy socio/psychopaths.”

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