indeed scary chart time now sometimes is another climber sometimes about that
upcoming financial meltdown
in this case it is about money what it's about was really haven't or democracy
more than anything else because these numbers arts diving
david kay johnson is a poster prize winning writer on this budget analysis
for tax analysts
that showed
the numbers between nineteen sixty six in twenty eleven
but you know they can't talk about trickle-down economics well
you know if you consider that time period is all trickle-down economics was
not exactly
but the simplicity speaking there's a lot of truth to that
uh... while the jurors are they were writing to trickle down to us all the
tax cuts for the wealthy all the breaks they got uh... because the average
persons income
uh... web up for you know the bottom ninety percent of us
our income went up by fifty-nine dollars on it
now that's adjusted for inflation two fifty nine dollars
and we complain about men doing you know
i mean decades is that after all those decades ago fifty-nine dollars extra
your part
now how did over the top ten percent
in that same time it'd probably a little more right obviously ur top times they
have a little bit more incr
their incomes
grew by one hundred and sixteen
balance in dollars
fifty nine
to one hundred and sixteen thousand
or not done yet
how about top one percent
their income grew by three hundred and sixty-six thousand
six hundred and twenty three dollars
your income grew by fifty nine box
adjusted for inflation
all those numbers
are just that
bitrate
putrid up
come on look here's my favorite chart of all time because it shows you the
highway robbery that's happened all this time that the david two thousand numbers
were back in nineteen sixty six
but you can see on this chart
the real divergent starts around ninety seven a nineteen eighty the yellow line
is productivity
that is sky-high american workers kuwait jogger incredibly productive
are you getting the report warns of their production helmholtz
average hourly compensation every every average narrowly they wage
both black line
the difference between the old-line unemployment line
is the robbery
they took your productivity gain of fifty nine bucks from nineteen sixty six
about
and took on the hundred ten thousand
the three hundred and sixty-six thousand etcetera
i'd get it the rich get richer everybody knows that right
and we all is going to be in about the question is
how much of an imbalance
the question is was if there was a ride in the government who was supposed to
represent us look out for us
or did they let
a few people
all those product images that you work hard for and put it in their pocket
scene that's what the problem is
to give you a sense of the
issue here
if you say that fifty nine dollars booster it kick the economy is fake
or to your personal family is equivalent
to one inch
the top ten percent of americans
rose by a one hundred and sixty-eight
in comparison
sicknesses income inequality that is
record-breaking
that's why you venezuela has much better economic equality that we knew
at one of being manny examples
why were some of the worst in the developed world in terms of income
inequality
but this is an how people man overall
it winds up
hurting the economy
and eventually is going to hurt the entire country
and by the way ninety percent is closed entire country to begin with and we've
all been hurt by the wrong economic principals the one political factors
that led to those economic
factors like tax cuts for the rich
over and over and over again
and deregulation over and over again
and that's how we got to this imbalance
bilingual last number two for you
in terms of
an imbalance my god you know the top six pairs who wal-mart fortune
their net worth is equivalent twenty ten
forty one point five percent of americans combined
just six people
equal for you what i have for said
obtained tire country in terms of well
gee i wonder if we have an income inequality problem in america
if you let people by at your politicians this is what you get