Monday, February 14, 2011

Republicans declare war on the middle class

As if they weren't rich enough, Republicans and US businesses figure they can get even wealthier if they can just pay their employees a pittance.  And it seems to be working.  The following is from CNNMoney.com...


Wealth gap widens

Chasm between wealthiest households and everyone else has grown more than 50% since the early 1960s.
By Jeanne Sahadi, CNNMoney.com senior writer
August 29 2006: 1:29 PM EDT
NEW YORK (CNNMoney.com) -- Over the past 40 years, those at the top of the money food chain have seen their wealth grow at a rate far outpacing everyone else, according to a new analysis released by the Economic Policy Institute, a liberal research group.
In the early 1960s, the top 1 percent of households in terms of net worth held 125 times the median wealth in the United States. Today, that gap has grown to 190 times.

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