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January 28, 2012. Between 1979 and 2007 (two peak business-cycle years) incomes in the US became more unequal. A typical family in the bottom 20% gained about $1,800 per year over those 28 years, while a family in the top 1% gained about $620,000 a year in income. That’s 344 times more.
This is after accounting for the effects of Social Security, Medicare and all other Federal transfers, and after taking account of Federal taxes.
According to Republican perceptions, this has occurred in spite of multiple bouts of vicious class warfare in which the Democrats tried to take the wealth of the rich and “spread it around.” If they keep spreading it around like this, pretty soon the 1% will own everything.
Class Warfare
The best way to deflect attention when you attack is to claim you are under attack. But when the one accused of attacking is getting mauled by the one playing the victim, you can be pretty sure that reality is just the reverse.
