Tornado Alley (PROG)

[SilverSurfer]

How bad are things for the Middle Class? Well, the FT points out that, since Nixon took us off the gold standard in 1973 and began the long, slow death-march of America from Creditor to Debtor nation, the real (inflation-adjusted) incomes of the bottom 90% of American families have risen just 10% - TOTAL. Over the same period of time (37 years) the real average income of the top 1% has TRIPLED with the top 0.1%, gaining a full factor of 10 - exemplified by the average CEO’s salary rising from 26 times the median income to over 300 times today.

How did 300,000 of our fellow Americans get to be worth as much as 30M (1/4) US workers? It was bad enough when 140M workers would have to contribute 2% of the profits of their labor to support top management but now it seems the top 1% are skimming 20% off the top - that’s just nasty! Even worse, the pie isn’t growing as real wages are up just 10% overall - it’s just the top 0.1% are taking a much larger slice of it than ever before, leaving the bottom 99.9% to fight over the remaining crumbs.

http://www.marketoracle.co.uk/Article21732.html

Payroll Tax Holiday and raise tases on the 300,000 richest Americans === Will Obama address the Corporatism?