Sunday, January 2, 2011

Income Inequality (posted by DT)

So I read that the rich are comparitively richer compared to the middle class than ever before:

The richest 1% of U.S. households had a net worth 225 times greater than
that of the average American household in 2009, according to analysis conducted
by the Economic Policy Institute, a liberal think tank. That's up from the
previous record of 190 times greater, which was set in 2004.

So this is what I don't understand: why are the wealthy and their conservative shills so upset about the tax code and what Democrats are doing to them? They're winning the policy war! And they act like they're losing it.

The right wing machine is so good at politics and so focused, that they can keep liberals on the defensive even in the face of every fact. How do they do it???

(source: http://money.cnn.com/2010/12/23/pf/rich_wealth_gap/index.htm)

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