Something caught my eye as I sorted through the junk mail yesterday. A magazine called World Ark looked like it has some interesting articles. Last night I took the time to read some of the articles. Always I am fascinated by solving large problems with simple solutions. The magazine is geared toward this goal. One article dealt with simple irrigation pumps people could peddle and irrigate their one or two acre fields. With the simple inexpensive pump they could double their income.
However, the best part of the whole magazine was a paragraph that told the whole story. The article had the title The Rich Get Richer. Here is the article
After-tax incomes in the top 1 percent of U.S. households increased by and average of $180,000 in 2005, the Congressional Budget Office reports. Meanwhile, middle income households saw increases of $400, and lower income households, only $200. This is the greatest disparity since the CBO began collecting data in 1979. Together with other data, it appears that in no time in history since 1929 has income been so concentrated at the top. The CBO also notes that since 1979 income gains among high income households (increases of 228 percent) have massively outstripped those among middle (21 percent) and lower income households (6 percent).
This is trickle down economics in it's simplest form. It just plain doesn't work. This is the scripture for the conservative party. It just plain doesn't work. This is the facts staring failure in the eye. This is why our country is falling into decline. This is the result of the Bush tax policies.
Wednesday, April 02, 2008
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