Income growth by income group, 1979-2007. Source: Consider the evidence (http://lanekenworthy.net/).
Let me see if I’ve got this straight:
Here we are in the smoldering ruins of an economy recently wrecked by Wall Street greed, in a country where for 30 years almost all income growth has been concentrated among the richest 1 percent of Americans (See graph to right). Rising populist anger, massive long-term unemployment and record home foreclosures serve as counterpoints to soaring corporate profits, while the Supreme Court rules that corporations are people and can spend limitless amounts of money trying to elect candidates willing to serve their interests.
Meanwhile, the Republican Party defends massive tax breaks for the wealthy while blocking aid to the unemployed, fights bitterly against regulations designed to prevent a repeat of the Wall Street meltdown, blocks legislation that would at least require corporate and special interests to identify themselves when they
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