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Full Version: The Most Important Economic Chart This Year
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"For a long time, most of the gains from economic growth went to the bottom 90 percent of the income distribution. And, after all, the bottom 90 percent includes the vast majority of people. Since 1980, that hasn't been the case. And for the first several years of the current expansion, the bottom 90 percent saw inflation-adjusted incomes continue to fall."

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this is what happens you hold up vulture finance as the paragon of society

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"The problem of the last three decades is not the 'vicissitudes of the marketplace,' but rather deliberate actions by the government to redistribute income from the rest of us to the one percent. This pattern of government action shows up in all areas of government policy."

Dean Baker

Trickle down stimulus doesn't work to activate aggregate demand and encourage real economic growth because the largely unreformed economic system continues to divert the bulk of the stimulus and growth to the top.

Whatever is put in to this great economic machine, whether it be labor, materials, or monetary stimulus, the best and the most of what comes out is skimmed to the top. This is not a bug or fault, it is a 'feature.'

This is like sending aid to a Third World nation, where the warlords take the aid for themselves, and allow only a very small portion of it to reach the people. They take the stimulus and leave the debts."
See also: Are you better off than 6 years ago?


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thanks for the charts.

the greed in the west is off the charts.

i used to think asians were greedy but it's small time greed compared to the banksters in the US.

american corps really know how to make money.. they are great at the bait and switch.
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male wages haven't gone up since the 70's either adjusted for inflation.
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The most important economic chart for this that's most important for me in my portfolio!!!!
Which is slightly going down-hill due to the troubles in Hong Kong??!??!!!!
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