Richest Get Richer

David Cay Johnston for The National Memo:

We should expect this pattern of concentrated gains weighted toward the very top to continue unless we change our policies.

Saez shows that the top one percent’s share of real income growth is increasing with each economic expansion and it matters not whether the president is a Democrat or Republican. The top one percent enjoyed 45 percent of Clinton-era income growth, 65 percent of Bush-era growth and 93 percent of Obama-era growth, though that is only through 2010

Democrats… Republicans… They all take far more than they give. And have for a very long time.

Filed under: wealth  inequality  justice  two party system