[expat_panama]

imho a great read w/ lots of numbers, but their bottom line is that it's not earning that counts (w/ so much just going to the gov't) but spending (much less 'unequal'), age (big changes) and the gov't's "incentives to Americans to work less ".

[grundle]

Thanks for posting this.

[expat_panama]

Happy "Ides of March" everyone and for stocks the headlines are "Stocks Bide Time Ahead of Fed" as in "mostly unchanged in light volume".  Futures put today's stock index trends as flat/off and they see gold -1.87% and silver -1.44%.  . 

Just look at all we got going on today:

8:30 AM Retail Sales
8:30 AM Retail Sales ex-auto
8:30 AM PPI
8:30 AM Core PPI
8:30 AM Empire Manufacturing
10:00 AM Business Inventories
10:00 AM NAHB Housing Market Index
4:00 PM Net Long-Term TIC Flows

--and:

• Europe shares track Asia lower after gloomy BOJ economy view

• No one was prosecuted for the financial crisis — these new documents reveal…

• Oil prices fall as clouds gather over supply picture

• States With No Income Tax

• Hillary Clinton had trouble explaining Obamacare to a layperson. Here's why.

• Jobless numbers on the rise

• Global Stocks Fall on Commodities Decline, Ahead of Fed Meeting

[griswold3]

Good step in the right direction.
When discussing ‘wealth inequality’, I often think they omit the appreciation of assets. Like farm ground purchased before the Great Recession @ ~$3000/acre now being valued @ ~$10,000/acre. It is important.

[IronJack]

Another metric to counter the “inequality” claim might be to compare production instead of income, or at least to compare the ratio of production to income for the groups in question.

Since the leech class produces zero, their ratio will always be zero. Meanwhile, the capitalists earn billions, but produce billions as well.