gilt and gravy

1% took the payThe fraud of Reagan Republican trickle-down economics cannot be more clear.

One-third of all pay, the percentage of total wages and salaries, is paid to top executives, reports the Wall Street Journal.

The increased wealth at the top was combined with an absence of real economic growth in the middle.

Real median wage in the United States has been stagnant for twenty five years, despite an almost doubling of GDP per capita.

And one-half of all income gains went to the richest 5 percent of households.

Billions more perks and pay is off federal radar screens that measure wages and salaries.

Because of the $106K Social Security tax cap, EconomicPopulist points out:

In other words, not only are executives robbing the rest of the country blind, much of their share no longer contributes into the social security fund nor encumbered health care, education or our safety net.

A class war has already been fought and already won.

A Rebirth of American Plutocracy?

“Twice in the past century wealth was taken from the middle class and concentrated at the top among the wealthiest Americans. This reversal of fortune occurred once in 1927 and again in 2007, and both times it caused the economy to collapse into Depression.”