Think Progress: The Congressional Budget Office today released a new report on the growth in income that’s occurred in the U.S. over the last three decades. CBO found that, “for the 1 percent of the population with the highest income, average real after-tax household income grew by 275 percent between 1979 and 2007,” while it grew by just 18 percent for the bottom 20 percent of the income scale. “As a result of that uneven income growth, the distribution of after-tax household income in the United States was substantially more unequal in 2007 than in 1979,” CBO said.
This is another result of Reaganomics (which of course has been standard Republicans party policy since 1980). By every measure, it's a God-damn-national-disaster. The only people who can logically cheer GOP public policy are the top 1%, and enemies of the United States. It's as simple as that.
No comments:
Post a Comment