Stolen from the middle class

Artur P. Schmidt, a well-known economist and economic journalist in Switzerland:

If a country’s income disparity has become so large as it has in the United States, economic leverage must be applied for it to be reduced again. Even the Great Depression of the 30s had its starting point in an incredible shift of wealth to a few.

Recent surveys reveal that some 300,000 Americans together earn as much income as that obtained by 150 million Americans in the lower income stratum. Per person, breadwinners in the top group earned 440 times the salary of an average person in the lower income class. As a result, these figures have almost doubled since the year 1980.

It certainly has nothing to do with socialism, if one recovers the money stolen from the middle class from the so-called elites through higher taxes.

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