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Let’s Talk about Inequality, Proggies
Our liberal friends like to talk about inequality, and we know why. Liberals are deeply concerned about the increase of economic inequality since 1980. There’s even a book about it: The Great Divergence, by Timothy Noah, adapted from a ten part online article published on Slate in 2010.
Here’s the basic problem, according to Noah. In the 1920s, the top 10 percent of income-earners took home about 45 percent of “market income” that excluded government transfers. Then, during World War II, this share plummeted to 35 percent and stayed there until about 1980. Since then, the top ten percent has been increasing its share, and now it is back up to 45 percent. This is “not a change for the better,” writes Noah.
It’s not due to race or gender, says Noah, because blacks and women have done better over recent years. Could it be immigration? No, economists “find little evidence that immigration harms the economic interests of native-born Americans.” Yes, it impacted the low-skilled, but it did not really harm the average worker. Could it be computers? Possibly, but inequality started up in the 1980s before the computer revolution really hit its stride.
What about evil Republicans? Now you are talking: lower-income quintiles did better during Democratic presidencies that Republican presidencies, but it is hard to know why. Labor unions? Well, the Republican Taft-Hartley Act, union-busting, and delays in minimum-wage increases really hurt. International trade? Maybe, maybe not. Maybe it’s the Stinking Rich — the finance, entertainment, and CEO stars — but nobody knows why. Thank goodness that Democrats aren’t to blame for any of this.
So what is Noah’s solution? According to Scott Winship, it’s this.
Noah wants to “soak the rich,” create a public-jobs program, “impose price controls” on colleges, “revive the labor movement,” and “elect Democratic Presidents.”
Wow! Those liberal writers can really think outside the box when they try!
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General P. Malaise
August 9th, 2012
it is bansters and cronies that are giving the spread to incomes.
and these are all spawn of the progs and democrats.
General P. Malaise
August 9th, 2012
…banksters …
ThisObamaNation
August 9th, 2012
The Washington Times Reports That The US Military Is Preparing To Fight “Tea Party Insurectionists.”
http://www.washingtontimes.com…
Maudie N Mandeville
August 9th, 2012
create a public-jobs program? Good luck with that one. Obama’s most loyal voting bloc vote for him for one reason: So they don’t have to get out of bed except to flash mob the local 7-11 when they’re out of Colt 45.
steven s
August 9th, 2012
as long as thy’re just “trained” to interact with the Tea Party, but when absolutely NOTHING happens, the military will be perfectly prepared to interact with the DUMBASS FKUCING SLOBS in the BARRACK-UPY alliance that will happily sacrifice themselves (who we kiddin.. OTHERS) for martial law AND the continued screwing over America
Rick
August 9th, 2012
“Noah wants to ‘soak the rich,’ create a public-jobs program, ‘impose price controls’ on colleges, ‘revive the labor movement,’ and ‘elect Democratic Presidents.’”
Just because that’s never worked before doesn’t mean it won’t work this time!
pfsm
August 9th, 2012
Let’s see a pic of sad 0bama on the steps with his busted ice cream cone, and the caption “The private sector is doing fine.”