Re:Our Broken Economy, in One Simple Chart
by utexaspunk on Tuesday August 08, 2017 @01:20PM
(#14960062)
>Now these are people like us
The top 0.01% has an income over $8m/year. I dunno about you or anyone else here, but I'm in the top 5% and that is still light years away from being "like me".
The problem is that people making that much can see their income grow without even lifting a finger while real wages remain stagnant for the bulk of the working population. Profits paid to investors are wages denied from those actually creating the value.
The top 0.01% has an income over $8m/year. I dunno about you or anyone else here, but I'm in the top 5% and that is still light years away from being "like me".
The problem is that people making that much can see their income grow without even lifting a finger while real wages remain stagnant for the bulk of the working population. Profits paid to investors are wages denied from those actually creating the value.