Color Me Shiny Shocked!
Well, who could have predicted this calamity?
Top 1% incomes grew by 31.4% while bottom 99% incomes grew only by 0.4% from 2009 to 2012. Hence, the top 1% captured 95% of the income gains in the first three years of the recovery.
So if you started with enough money to burn a wet elephant, you now have enough to air condition hell.
And that trickle down thing? No, the rich people’s swimming pool ain’t leaking. That means you’re still so poor that your kids have a tumbleweed as a pet. And the 1% have just decided that tumbleweed is a delicacy.
Thanks to Mike for the heads up.