destroying America’s middle class


Contrary to popular belief, the rich are MORE well off after this latest econimc crisis than before it. No need to belive me, read teh US Government report.

And according to an analysis by the Central Intelligence Agency, the U.S. has one of the most unequal income distributions in the world. In this field, most of the developed world is pretty much in line — Japan, Italy, Australia, Canada, Norway, Great Britain. Some are more unequal than others, but all are comparable. In each case, of course, the rich make more than the middle class, sometimes a lot more. But they generally occupy the same economy.The U.S.? Our income distribution is more in line with Zimbabwe, Argentina, and El Salvador. We think of Russia as the land of oligarchs, but America’s inequality is actually slightly greater than Russia’s.

via how-the-rich-are-winning: Personal Finance News from Yahoo! Finance.

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