[Marxism] US 'recover made 99% poorer, top 1% captured 121% of gains

Stuart Munckton stuartmunckton at gmail.com
Thu Feb 14 18:24:01 MST 2013


"Striking it Richer<http://www.scribd.com/doc/125269359/Getting-Richer-Edmund-Saez>,"
a paper by Emmanuel Saez (an economist at UC Berkeley) looks at the way
that the dividends of the slow US "economic recovery" have been
distributed. Saez finds that *121%*of the economic gains since 2009 have
been captured by the richest 1% of Americans -- in other words, despite
economic growth, the poorest 99% of Americans actually got poorer through
the "recovery."

“Disobedience, in the eyes of anyone who has read history, is humanity’s
original virtue. It is through disobedience that progress has been made,
through disobedience and through rebellion.” — Oscar Wilde, Soul of Man
Under Socialism

“The free market is perfectly natural... do you think I am some kind of
dummy?” — Jarvis Cocker

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