Top 1 Percent of Americans Reaped Two-Thirds of Income Gains in Last Economic Expansion
Income Concentration in 2007 Was at Highest Level Since 1928, New Analysis Shows
Average income gains, adjusted for inflation, between 2002 - 2007:
* the top 1 percent of earners, saw a 61.8% increase
* the top 0.1% saw an astounding 94.1% increase
* while the bottom 90% saw a measly 3.4% increase.
This is just revolting. More proof that trickle-down/voo-doo economics is not much more than a license to exercise greed!
Wall Street Pursues Profit in Bundles of Life Insurance
If this doesn't make you sick to your stomach, I'm not sure anything will! These people are SICK!!! To gamble on peoples life insurance plans is absolutely revolting. And yet, the catch phrase of August was "Death Panels" and magically they attached it to Obama! Projection much?
Matt Taibbi's Response to the Above Article
Excerpt: "What’s very amusing about this New York Times article is that, while describing this, there is no passage that reads anything like, “This utterly insane plan, which will condemn all those involved with it to an eternity of elaborate torment in the afterlife, is ironically being promoted by the very institutions that only just recently tried to destroy the world by creating similar casino-like gambits based on home ownership.”