We're losing our middle class. And it's a serious problem.
"Amplifying that trend, the bottom 60% of households saw their income fall last year, while households making $100,000 or more enjoyed a rise in income."
http://money.cnn.com/2011/09/13/news/economy/poverty_rate_income/
The Uber rich are getting richer:
http://money.cnn.com/2011/02/22/news/economy/income_inequality/index.htm?iid=EL
CEOs and our ridiculous tax structure:
http://www.thenation.com/blog/163079/executive-pay-and-great-tax-dodge
Not sure how this snuck through the Faux editors at WSJ but it's good info to have:
"According to the PBS NewsHour on Tuesday Aug. 16, the wealthiest 20% of Americans own 84% of the wealth, while the poorest 40% own just 0.3% of it.
Meanwhile, on Tues. Sept. 13, U.S. Census Bureau data showed:
The income of the average American worker—long the envy of much of the world—has dropped for the third year in a row and is now roughly where it was in 1996, adjusted for inflation. The U.S. poverty rate, meanwhile, has continued to rise. The official poverty rate—defined as a family of four earning less than $22,314—was at 15.1% in 2010, up from 14.3% in 2009 and 12.5% in 2007, before the recession hit in full force."
http://online.wsj.com/community/groups/religion-diversity-tolerance-governance/topics/should-we-concerned-about-wealth