The fact: By 2006, income was more concentrated at the top than it had been since the late 1920
Your comment: A typically misleading comment from a typically bigoted propaganda sheet
My question: How is it misleading?
parsy, who is curious how “facts” are misleading
Your assumption is that these are "facts". Like most of your emotion based political assumptions Parsy, you are wrong.
Like most knee jerk Democrats, you are buying into notion that the most repeated Democrat Party lie in US political discourse is "a fact". Nope, it is just another lie told by the Democrat Party machine as part of their "class warfare" dogma.
To start with MOST "Super rich" take very little of their wealth as income. Income is taxable, thus you have people, (such as mutli millionaire Leftist blogger Adreianna Huffington, the Kenndy clan, Democrat Senator Rockerfeller et al), who have almost NO actual income to pay taxes on. Instead they has various trust funds they draws off off that they do not have to pay taxes on. You might argue WEALTH is concentrated but INCOME is not.
Thus for the NY Times to suggest that "income" was being concentrated in the hands of the Super Rich is misleading at best. I was being polite, truth be told it is an out and out lie. It not even true if you claim WEALTH is being concentrated
The over all distribution of wealth in US society is a bell curve. Some on one end or the other, the bulk in the middle. That has not changed at all.
There are not massive numbers of "new poor" with a few very super rich out at the other end profiting from their poverty. Income is not being taken away from some and given to others, or "concentrated" in a few hands. What IS happening is over all wealth of this society has massively expanded for the last 3 decades. Thus at one end you have people making massively more. Since it not possible for the lower end of the graph to move, that distorts the image of the graph. What is missing is the fact that this is still a bell curve, it just cover more ground now. Basically US wealth is spread 15% poor, 15% "Rich", rest in the middle.
In order to "Concentrate" something, you have to take something away from item x and add it to item y. That is not happening here at all.
It is possible, as has been happening since WW2 in this country for everyone standard of living to rise year after year.
Well at least it use to be our standard, not any more. Those just now entering the work force can look to being the 1st generation who will have a significantly lower standard of living then their parents given all the damage being done to the US Economy by the misguided fiscal policies of the Bush/Obama era.