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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