Monday, February 25, 2013

Iniquity

It is worse under Obama than under Bush.
A recent study shows that the richest Americans captured more than 100% of all recent income gains. And see this.
There are 2 economies: one for the rich, and the other for everyone else.
Alan Greenspan said:
Our problem basically is that we have a very distorted economy, in the sense that there has been a significant recovery in our limited area of the economy amongst high-income individuals…
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They are fundamentally two separate types of economies.

Why is Inequality Going Through the Roof?

The world’s top economic leaders have said for years that inequality is spiraling out of control and needs to be reduced. Why is inequality soaring even though world economic leaders have talked for years about the urgent need to reduce it?
Because they’re saying one thing but doing something very different. And both mainstream Democrats and mainstream Republicans are using smoke and mirrors to hide what’s really going on.
And it’s not surprising … Nobel prize winning economist Joseph Stiglitz says that inequality is caused by the use of money to shape government policies to benefit those with money.  Read more: Washington's Blog

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