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> Sommelier and Price found that so far during the recovery from the Great Recession, the American top 1 percent has captured nearly 42 percent of all income gr
by mnm1 8y ago
> Sommelier and Price found that so far during the recovery from the Great Recession, the American top 1 percent has captured nearly 42 percent of all income growth.
Is that surprising? The people that created the recession also benefited the most from it at the expense of everyone else. It wouldn't surprise me if the recession was created on purpose for this exact reason. Regardless, we know the solution (high taxes especially corporate taxes and regulation) that can reverse this trend peacefully. We unfortunately also know the solution that can reverse this trend violently. At this point, it's just a matter of waiting and seeing which solution the US will pick. I have my non US passport ready to go at a moment's notice. I'm pretty sure I know which solution the US prefers, the one the US has always preferred in its history: violence.