Saturday, April 5, 2014

Last Call For The Roaring 20's

New wealth numbers show that for the first time since the Gilded Age of the late 1920's, the concentration of America's total wealth in the hands of the wealthiest one percent is now above one-fifth.

Screen Shot 2014-03-31 at 11.42.56 AM

As you can see, in 1975 that number was about 7%.  It's 21% now, meaning the share of wealth gained by the super-rich has tripled in the last 40 years or so.  Half of that total increase (from 14% to 21%) came since 2001, just 12 years.

And this will only get worse.  The rich get richer, and the poor must suffer because only the rich are worthy or even moral.

1 comment:

RepubAnon said...

It's a bit simplistic to say that folks in the 1930s knew who the good guys were, and who the bad guys were - until Pearl Harbor. Consider the "Business Plot

In November 1934, Butler claimed the existence of a political conspiracy by business leaders to overthrow President Roosevelt, a series of allegations that came to be known in the media as the Business Plot.[59][60] A special committee of the House of Representatives headed by Representatives John W. McCormack of Massachusetts and Samuel Dickstein of New York, who was later alleged to have been a paid agent of the NKVD,[61] heard his testimony in secret. The McCormack-Dickstein committee was a precursor to the House Committee on Un-American Activities.

These were the days of Huey Long, of Charles Lindberg urging neutrality, and of many Americans supporting Nazi Germany. Pearl Harbor was what changed things - and there was more than a tinge of racism in that anger.

These days, after years of watching the WW2 propaganda films and their aftermath, everyone knows the Nazis were the ultimate evil. It wasn't so clear to far too many people in 1939.

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