On Oct 5, 2011, at 3:57 PM, Francis Drouillard wrote: > Another Castro blast from Bruce. > > Are you really going to insist that 1:5 Americans are in poverty? Really?
The number is actually 1 in 7-ish, per the Census in 2010. 15% not 20% but that's up from 1 in 8 in 2007, before the crash. <http://www.census.gov/hhes/www/poverty/data/incpovhlth/2010/highlights.html> Living as you do, in one of the wealthiest sections of the country you just don't see much of this, trust me, those of us in the great "Right-to-Work-For-a-Minimum-Wage" states see a hell of a lot more. Also, you've been dismissing all the evidence we've put forth about the growing economic inequality in the US as partisan 'class warfare'. It's not. by objective measures the US is on par with countries like Turkey and Ghana. Note this isn't a measure of national income, it's a measure of the unequal distribution of wealth. <http://en.wikipedia.org/wiki/List_of_countries_by_income_equality> Almost all of the new wealth generated in the US since 1980 has accrued to the highest percentiles. It is a fact that incomes for all but the highest percentiles have stagnated: <http://en.wikipedia.org/wiki/File:United_States_Income_Distribution_1967-2003.svg> IN 1967 the median (50th) percentile earned $33,338 in constant 2003 dollars, in 2003 it was $43,318. a 29% increase over 46 years. The 95th percentile went from $88,678 to $154,120, a 73.8% increase. This would have been obvious decades ago if it were not for the economy ALSO being flooded with cheap credit and the cheap goods derived from the astonishing productivity gains form technology and flight of manufacturing to low labor cost countries. You can close your eyes, plug your ears and go LALALALALALALALALALA! all you want, but the fact is that as a nation we've been moving along a path of destruction of the middle class as long as your hero conservatives have been gaining power. (26 mCastros) -- Bruce Johnson University of Arizona College of Pharmacy Information Technology Group Institutions do not have opinions, merely customs -- You received this message because you are subscribed to the Google Groups "StrataList-OT" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/stratalist-ot?hl=en.
