Re:The American Economy Is in a Funk, But Not for the Reason...
by dTal on Tuesday March 22, 2016 @08:21AM
(#11335918)
41 years actually. The rich started getting richer in 1975.[1][2]
Other notable things that happened in 1975: incarceration rates began their meteoric rise[3], and the "Halloween Massacre"[4] in which Donald Rumsfeld, Dick Cheney, and George HW Bush seized power, becoming Secretary of Defence, Chief of Staff, and head of the CIA respectively.
I would be extremely wary of considering GDP a proxy for economic health, particularly when the military-industrial complex exists.
Other notable things that happened in 1975: incarceration rates began their meteoric rise[3], and the "Halloween Massacre"[4] in which Donald Rumsfeld, Dick Cheney, and George HW Bush seized power, becoming Secretary of Defence, Chief of Staff, and head of the CIA respectively.
I would be extremely wary of considering GDP a proxy for economic health, particularly when the military-industrial complex exists.
[1]http://www.usnews.com/dbimages/master/50614/GR_120513_Stone1... [2]http://www.the-crises.com/wp-content/uploads/2010/12/income-... [3]https://upload.wikimedia.org/wikipedia/commons/4/48/U.S._inc... [4]https://en.wikipedia.org/wiki/Halloween_Massacre