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Saturday, January 28, 2006 |
CBPP: "In most states, the gap between the highest-income families and poor and middle-income families grew significantly between the early 1980s and the early 2000s, according to a new study by the Center on Budget and Policy Priorities and the Economic Policy Institute.
The incomes of the country's richest families have climbed substantially over the past two decades, while middle- and lower-income families have seen only modest increases. This trend is in marked contrast to the broadly shared increases in prosperity between World War II and the 1970s.
'Growing income inequality harms this nation in a number of ways,' stated Jared Bernstein, Senior Economist, Economic Policy Institute and co-author of the report. 'When income growth is concentrated at the top of the income scale, the people at the bottom have a much harder time lifting themselves out of poverty and giving their children a decent start in life.'
'A fundamental principle of our economic system is that the benefits of economic growth will flow to those responsible for their creation. When how fast your income grows depends on your position in the income scale, this principle is violated. In that sense, today's unprecedented gap between the growth of the typical family's income and productivity is our most pressing economic problem.'"
CBPP: "Congress has chosen to allow two tax cuts that exclusively benefit high-income households - primarily millionaires - to begin taking effect on January 1, 2006."
11:29:29 AM 
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Bloomberg: "A majority of Americans said the presidency of George W. Bush has been a failure and that they would be more likely to vote for congressional candidates who oppose him, according to a CNN/USA Today/Gallup poll."
11:20:25 AM
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How do you define 'spying'? George Bush, "l'Etat c'est moi", will tell you. He is not only a Grand Inquisitor but also a Great Definer.
11:17:35 AM
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Seymour Melman: "The ideologues of the market declare, workers exist only as a collection of atomized, isolated individuals subject to the logic of the 'free' market. If they fall by the wayside in the scramble to join the top 20% of society who have prospered in the recent economic boom, they will find themselves among the broad majority of Americans for whom living and working conditions have gone from worse to worse. There is no place for losers in the cut-throat world of neo-liberalism. In the words of Margaret Thatcher, 'There is no such thing as society'. We exist for the globalizers and managerialists not as citizens or communities, but only as consumers."
The above is an excerpt from After Capitalism - from alienation to disalienation (summary of the book).
11:01:06 AM
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© Copyright 2008.
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