Wednesday, September 19, 2007

Chart tells the whole story


The following is a quote from Paul Krugman in the NYT:In fact, let me start this blog off with a chart that’s central to how I think about the big picture, the underlying story of what’s really going on in this country. The chart shows the share of the richest 10 percent of the American population in total income – an indicator that closely tracks many other measures of economic inequality – over the past 90 years, as estimated by the economists Thomas Piketty and Emmanuel Saez.

Many times Lord Kadizzle has been in heated arguments with hard core right wingers. The chart above tells the whole story. If you think the fifties, and sixties were a good time for the middle class, you are right. The chart shows how the Republicans have allowed the rich to walk off with everything. If anyone would like to dispute it please let me hear it. In todays New York Times you can read the complete article.

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