Unbalanced income growth

iVillage Member
Registered: 10-25-2006
Unbalanced income growth
Sat, 02-13-2010 - 10:19am


If you're in the top 0.1% you're in financial heaven. Top 1%? You made out really well. Top 5%? Not bad......76% of the income growth over the last three decades has accrued to the top 5%.

I think the decline of the U.S. as a global economic leader is a result of this lop-sided redistribution of wealth to the top.



iVillage Member
Registered: 11-17-2009
Sat, 02-13-2010 - 10:37am

Gee, that sounds just like a socialist website.

"research and ideas for a shared prosperity"? Hmmmm.....

from your link:

"Government also needs to leverage its resources to provide the tools needed for workers to succeed by promoting the life-long learning needed to prosper in our new global economy, and creating the supports for workers and their families as they move across jobs and/or in and out of the labor force as their life and job circumstances change over time."

"The very role of government is to ensure that the prosperity of our economy is broadly shared among all hard working Americans and their families."

'For too long America's business leaders have attacked and weakened the power of government to regulate corporate activity, resisted unionization by legal and extralegal means, and played communities off against each other to secure subsidies when choosing where to locate operations."

"The federal government has a critical role to play in ensuring that private institutions are structured in ways that serve the public's interests."

Wow....it that isn't socialist....I don't know what is.