Wednesday, May 05, 2004

Posted here Wednesday, May 05, 2004 at 8:43:48 PM     And Andreas's little book: Addicted to War by Joel Andreas. The cost: "In other words, the government has spent more on the military over the last four decades than the value of all the factories, machinery, roads, bridges, water and sewage systems, airports, railroads, power plants, office buildings, shopping centers, schools, hospitals, hotels, houses, etc, in this country put together!" ********

Posted here Wednesday, May 05, 2004 at 5:38:45 PM     Here is an important piece of logic. (the numbers are not precise, but you get the sense).   The median income has increased 20% in real dollars since 1990.   The income of the top one percent has gone up 500% in this period.   The cost of a house has gone up 300%.   Note that means that for the median family the cost of the house is up, or 15 times as much as their income has gone up. But for the top 1% the cost of a house has fallen almost in half!! ********