ChineseRestaurantCapitalism

keeping the economy honest

Tag Archives: poor

The Oscar goes to…. Inside Job

Watching the Oscars wasn’t a complete waste of time because it finally made me watch the Inside Job.  If you’re not in top 0.1% of the previous post, then you should probably watch it too because you’re getting screwed by them. Like I said in the previous post,  generally people can take a lot of injustice and unfairness before they start doing something about it.  I guess we still haven’t reached that point of outrage.

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What percentile are you in?

This chart shows the current income distribution of Americans.  No,  these are not inherited family wealth passed on over many generations or money accumulated over years of smart savings or investment.  These are the income each American family takes in every year based on their jobs.  The poorest 90 percent of Americans make an average of $31,244 a year, while the top 1 percent make over $1.1 million.  So how did we get here? …

Well, for the past 30 years, the income of 99% of the population barely moved, but the top 1% has seen its income nearly quadruple… read more