Tuesday, 17 December 2013
Growing inequality. Only a very few people are benefiting from current government and Federal Reserve policies. It's only going to get worse.
In the last 10 years, the average family income of :-
The top 0.01% of Americans (about 30,000 people) have seen their average income rise 76.2% from $12,240,438 to $21,569,156.
The top 0.1% to 0.01% have seen their family income rise 29.5% from $2,147,943 to $2,782,303.
The top 0.5% to 0,1% rise 18.2% from $708,440 to $837,377.
The top 1% to 0.5% rise 11.3% from $396,542 to $441,423.
The top 5% to 1% rise 6.1% from $204,446 to $216.947.
The top 10% to 5% rise 2.6% from $127,692 to $130.990.
The bottom 90% have seen their income FALL… minus 10.7% from $34,067 to $30,439.
To keep pace with official inflation over the last 10 years your income needs to have grown by over 22%.
So only those that are well into the top 0.1%, those earning well over $1million a year, have benefited from the last 10 years of government and Federal Reserve policies.
Things are set to get even worse in the future with :-
TPP
This deal currently being negotiated in secret between 12 Pacific Rim countries is specifically designed to further the interests of crony Corporations at the expense of National Sovereignty and America's economy.
http://ian56.blogspot.com/2013/10/the-trans-pacific-partnership.html
Tafta
http://www.globalresearch.ca/the-us-eu-transatlantic-free-trade-agreement-tafta-big-business-corporate-power-grab/5352885
The fiscal cliff deal
http://ian56.blogspot.com/2013/10/the-disastrous-fiscal-cliff-backroom.html
The latest budget deal
http://ian56.blogspot.com/2013/12/the-house-votes-on-crony-corporatist.html
The continuation of the Federal Reserve printing $1tn a year (which just helps the owners and boards of the big banks and financial speculators. It harms everyone else).
http://ian56.blogspot.com/2013/01/the-2tn-of-excess-bank-reserves-is.html
Obamacare
http://ian56.blogspot.com/2013/11/obamacare-is-worst-scheme-that-anyone.html
etc. etc. etc.
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