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Sunday, July 8, 2012

Allan Brawley: Saving Capitalism From Its Greatest Danger -- The One Percent

How many more billions do the Kochs, Waltons and others need before they cease to work the system so blatantly and shamefully for their own benefit? They already own a huge portion of the country's wealth, with the Walton family's $90 billion alone equaling that of the bottom 30 percent of the population, according to Joseph L. Stiglitz, the Nobel Prize-winning economist, in his article "The 1 Percent's Problem" in the May 31, 2012, issue of Vanity Fair.

In the first year of the economic recovery, 93 percent of all income gains went to the top 1 percent.

Although the very rich had a bad 2009, but an incredible 2010. 


The afleuent's share of national income bounced back to 19.77 percent. So inequality isn't lessening in the US. 

Undoubtedly, the economic stimulus helped the affluent because 70 per cent of the expenditures went into the defense industry. 

Allan Brawley: Saving Capitalism From Its Greatest Danger -- The One Percent

see http://www.washingtonpost.com/blogs/ezra-klein/post/in-2010-93-percent-of-income-gains-went-to-the-top-1-percent/2011/08/25/gIQA0qxhsR_blog.html

graphic: http://www.prosebeforehos.com/political-ironing/10/15/i-am-the-one-percent/

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