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Born at the Crest of the Empire

Friday, April 09, 2010

It's not your imagination....

Business Insider:
The rich are getting richer and the poor are getting poorer. Cliché, sure, but it's also more true than at any time since the Gilded Age.

...and social mobility is at an all-time low.

(Good thing we're fighting the socialist takeover.)

Seriously, though. Click on "View as one page" (under the picture) and take a look at the graphics. It's pretty unbelievable.


  • But here's the thing. In the Gilded Age the average working stiff was fighting for more labor rights and more government regulation. But now there's something terribly wrong going on. Reality is turned on its head. The poorer some people get, the harder they demand breaks for the rich!?

    One of two things is going on. A) three decades of talk radio, cable "news" and journalism-turned-profit-center has fed these folks dog shit and convinced them it was chocolate mousse. Or slightly related B) we are seeing the rise of a new Reich, where the masses are manipulated by fear and lied to act against their own self interest.

    A bit mellow dramatic, but...

    By Blogger -epm, at 3:04 PM  

  • I was struck the other day on NPR when they had on Ted Koppel and and some guy from the AEI talking economics and tax policy.

    Both the millionaires (representing both sides of the debate) agreed that raising taxes on the rich was a bad idea.

    Just as a lark, try to find a voice in the major media that's not making 6, 7, or 8 figures.


    As for B, that's not necessarily fascistic or Reich. It's a time honored tactic by the wealthy to get their way, whether it was the Romans conjuring external enemies or the 19th century imperial powers playing one group off each other to maintain colonial control.

    By Blogger mikevotes, at 10:07 PM  

  • "Both the millionaires (representing both sides of the debate) agreed that raising taxes on the rich was a bad idea."

    It's silly, isn't it.

    This reminds me of how the Republicans were outraged that a nominee to be Labor Secretary would be empathetic to the interests of, you know, Labor.

    By Blogger -epm, at 1:09 PM  

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