“The average income of the top 1 percent has gone up by more than 250 percent to $1.2 million per year … For the top one hundredth of 1 percent, the average income is now $27 million per year. The typical CEO who used to earn about 30 times more than his or her worker now earns 110 times more. And yet, over the last decade the incomes of most Americans have actually fallen by about 6 percent.”
—President Obama speaking in Osawatomie, Kansas, yesterday about what he calls a “make or break moment” for the middle class
Capitalism is failing the middle class
Globalization and the technology revolution are increasing productivity and prosperity. But those rewards are unevenly shared – they are going to the people at the top in the United States, and enriching emerging economies over all. But the American middle class is losing out.
Soup: They're coming for the rich people!
Enjoying the “save the rich people” posts in my dashboard today.
Can someone set up a Tumblr donation bucket for these poor guys? It’s so sad that everyone seems to hate them!
Look, rich people, we don’t hate you and we don’t want to steal your money. We are a bit baffled that you needed…
