Following up on yesterday's post about the Global Top Incomes Database, I thought I'd give an example. Here's what I created: So what are we looking at? The blue line shows almost a century of the average income of the bottom 90% of American earners (in constant, real 2008 dollars - scale on right side). … Continue reading The Top 0.1% Vs. Rest of Us Throughout the 20th Century
class warfare
We’ve Had Class Warfare Since 1980 – The Workers Lost
Whenever some politician, typically a progressive, begins to talk about redistribution of income, the more conservative politicians, backed by "serious political pundits" counterattack by claiming "class warfare". It's apparently one of the givens in Washington that any form of redistribution of income, be it by progressive taxes, measures to protect unions, help to the unemployed, … Continue reading We’ve Had Class Warfare Since 1980 – The Workers Lost
Observations on Wisconsin
I'm noticing that the media is being somewhat slow to pickup on the real story happening in Wisconsin and not spreading to Indiana and Ohio. It's not about fixing state deficits or finances. It's about busting unions, pure and simple. As such, it's part of an long-term effort that the right wing of American politics … Continue reading Observations on Wisconsin
EconProph 