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Sunday, April 2, 2006 |
MarketWatch: "U.S. corporate profits have increased 21.3% in the past year and now account for the largest share of national income in 40 years, the Commerce Department said Thursday.
Meanwhile, the share of national income going to wage and salary workers has fallen to 56.9%. Except for a brief period in 1997, that's the lowest share for labor income since 1966.
Despite the flood of cash coming in the door, corporations are investing comparatively little in expanding their operations.
Profits have been so high because almost all of the benefits from productivity improvements are flowing to the owners of capital rather than to the workers."
What they don't mention is that the war has attracted a lot of profiteers. And this is all paid by the taxpayer. The Bush administration has started a wholesale operation to siphon government funds (taxpayers money) to the private sector. Never before has there been such a large-scale robbery at the expense of so many people. The profits are for the corporations, the deficits (and deaths) are for the people.
10:34:56 AM 
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