No Surprise: Poor get Poorer
Submitted by: rba on Wed, 04/09/2008 - 06:35
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Lisa Lambert/AP: Poor get poorer as recession threat looms: report
In Connecticut, incomes of the wealthiest 20 percent are eight times those of the poorest 20 percent, according to the report. New York has the greatest disparity, with incomes of the top 20 percent 8.7 times the bottom ones, followed by Alabama, where the top are 8.5 times the bottom.
Source: CBPP Report: Pulling Apart
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Are the poor
getting poorer, or are the rich getting richer? Or is one simply a by-product of the other?
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ePMedia ... get the scoop with us!
If it's true that our species is alone in the universe, then I'd have to say that the universe aimed rather low and settled for very little. ~ George Carlin
Did you see this SOB story?
The rich still sucking at the teat!
Cheney Could Keep Security Detail
Whoa!
via Justice4alltoday at Buzzflash ... Former DoJ Voting Chief, John 'Minorities Die First' Tanner, Has New Gig in Corrupt Alabama points us to the article at Bradblog:
Back in May of 2007 ePluribus Media published Dismantling Voting Rights Enforcement and Resurrecting Jim Crow: The Erratic Resume of the Voting Section Chief, that took a hard look at John Tanner and his rise in the Justice Department.
Then in October of 2007 ... the beginning of the end for Tanner's career as Section Chief ... Civil Rights Division to “Throw Tanner Under the Bus” to save Hans von Spakovsky’s FEC nomination
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ePMedia ... get the scoop with us!
If it's true that our species is alone in the universe, then I'd have to say that the universe aimed rather low and settled for very little. ~ George Carlin
Quintiles?!?
Where do they come up with this quintiles nonsense? What is the difference between the people in the 20th 1% and the top 1%?
I bet it is more than 8 to 1.
Order people by income and apply Sturgeon's Law, 90% of everything is crud. Then apply it to the 10% and then to the 1%. This will give 4 groups, 90%, 9%, 0.9% and 0.1%. Now the 90% group is too big to give sufficiently detailed data so split it up into 9 groups of 10% each. So you have society divided up into 12 groups and concentrated at the top to better detect what is going on. Now we should track the Income and NET WORTH within each group in order to understand what is going on with the economy. So the changes in 24 numbers would provide the background for evaluating what is happening.
Now if we had made accounting mandatory for everyone 50 years ago what would the conditions be today?
How much has the bottom 80% lost on the depreciation of junk in the last 50 years? And payed in interest on the loans to buy the junk?