Thursday, August 15, 2013

U.S. now has the highest income inequality in the developed world

Very ignominious achievement.

So how did America get so darn great at ratcheting open the chasm between the haves and have-nots? Thank the dynamic duo of Wall Street and Washington, which have been working so well together for the past few decades to make laws that favor banks. Turns out this Axis Of Making It Rain has also been making laws that favor the exorbitantly wealthy. Win-win. Unless you are poor, in which case: Sorry, be born to richer parents next time, maybe?


The higher the dot, the higher the income inequality.

Read rest of the story here.

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