Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe Community Center
Current Events
I drink your milkshake! a metaphor for capitalism
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="rickyb" data-source="post: 4037246" data-attributes="member: 56035"><p><a href="https://twitter.com/profwolff" target="_blank"> <strong>Richard D. Wolff</strong>Verified account @<strong>profwolff</strong></a> <a href="https://twitter.com/profwolff/status/1119649175698726914" target="_blank">Apr 20</a></p><p></p><p></p><p></p><p></p><p>1989, richest 1% owned 23.6% of US wealth. Rose to 30.9% in 2018. Top 1% own a majority of all shares of stock. Since 1989, bottom 50% of Americans wealth dropped from 3.8 to 1.2%. Inequality worsened from Clinton to Trump. Capitalism's burden.</p><p></p><p></p><p><a href="https://www.bloomberg.com/news/articles/2019-04-13/america-s-upper-middle-class-feeling-the-pinch-too" target="_blank">Bloomberg - Are you a robot?</a></p><p></p><p>"Newly available net worth <a href="https://www.federalreserve.gov/releases/efa/efa-distributional-financial-accounts.htm" target="_blank">data</a> from the Federal Reserve suggests that the “left-behind” contagion has spread to all Americans aside from the top 10 percent. While still wealthier overall than most other groups, even the upper-middle class is feeling the pinch of income stagnation. The growth rate of this group’s incomes is lagging behind that of those both lower and higher on the socioeconomic ladder."</p></blockquote><p></p>
[QUOTE="rickyb, post: 4037246, member: 56035"] [URL='https://twitter.com/profwolff'] [B]Richard D. Wolff[/B]Verified account @[B]profwolff[/B][/URL] [URL='https://twitter.com/profwolff/status/1119649175698726914']Apr 20[/URL] 1989, richest 1% owned 23.6% of US wealth. Rose to 30.9% in 2018. Top 1% own a majority of all shares of stock. Since 1989, bottom 50% of Americans wealth dropped from 3.8 to 1.2%. Inequality worsened from Clinton to Trump. Capitalism's burden. [URL="https://www.bloomberg.com/news/articles/2019-04-13/america-s-upper-middle-class-feeling-the-pinch-too"]Bloomberg - Are you a robot?[/URL] "Newly available net worth [URL='https://www.federalreserve.gov/releases/efa/efa-distributional-financial-accounts.htm']data[/URL] from the Federal Reserve suggests that the “left-behind” contagion has spread to all Americans aside from the top 10 percent. While still wealthier overall than most other groups, even the upper-middle class is feeling the pinch of income stagnation. The growth rate of this group’s incomes is lagging behind that of those both lower and higher on the socioeconomic ladder." [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe Community Center
Current Events
I drink your milkshake! a metaphor for capitalism
Top