What income inequality?


Work hard all your life, get ahead by about the cost of a tank of gas.

Another day, another mind-blowing fact about the staggering difference between the haves and the have-nots.

Incomes for the bottom 90 percent of Americans only grew by $59 on average between 1966 and 2011 (when you adjust those incomes for inflation), according to an analysis by Pulitzer Prize-winning journalist David Cay Johnston for Tax Analysts. During the same period, the average income for the top 10 percent of Americans rose by $116,071, Johnston found.

To put that into perspective: if you say the $59 boost is equivalent to one inch, then the incomes of the top 10 percent of Americans rose by 168 feet, Johnston explained to Alternet last week.

Nothing a few more tax cuts for that top 10% can’t help. We should also probably gut Social Security and Medicare too to boost confidence.

I’m sure any day now all of the tax cuts we’ve given them over the last 30 years will fall down like a torrential rain upon the poor and middle class and trickle-down economics will finally be validated.

Clap louder! Tinkerbell is dying!

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