The article is accurate.
Let’s see how many corporate pimps show up to refute it.
Umm, the wealthiest prosper because they’re wealthy.
Rather than envy what the rich have why don’t you aspire to be one of them. Assuming you’re reasonably bright and ambitious what’s stopping you? You do understand the money bucket has no bottom don’t you?
I agree. It is accurate. And it is as it should be.
The wealthy risk their capital and they reap the rewards. The poor spend theirs on big screen tvs, high top sneakers, bling for the car and other useless stuff (drugs, alcohol etc) that they don’t need and that doesn’t pay a return.
The rising tide has lifted the boats of even those who don’t contribute. Why should they be complaining that the people who do the economic heavy lifting are getting the reward?
Let’s see how many corporate pimps show up to refute it.
What is there to refute? Why would anyone want to refute it! Its a cause for celebration!
Those in the 20% percentile, that is high-school drop-outs, illegal aliens, sloven drug addicts and other no-achievers saw their incomes rise 18% despite the fact that most can easily be replaced by a robot! That is downright amazing that people who throw their lives away also see after-tax income rise. A rising tide raises all ships.
I am intrigued by your "corporate pimps" slur. Why are wasting your time in Free Republic when you should be browsing Mother Jones, HuffPo, Daily Kos and DU?
So you are sitting in front of a flat screen TV, stuffing your face with convenience foods and beer watching a Charles Schwab 'vert that has interrupted your daily dose of American Pole Dancer. Pause for a moment from hating your fellow American and ask yourself this question. If investing didn't produce any better results than shooting drugs in your arm and waiting for a welfare check, why would anyone risk their money?
If those who applied themselves since grade-school, struggled for their prestigious college degree, networked, built alliances, saved and worked eighty hour weeks, carefully studied the markets and trends and invested accordingly didn't see any benefit that couldn't have been gotten dropping out of high school punching a clock down at the mill and expecting the union to take of all of your life planning needs, why go through all the hassle?
Lets say Aaron and Bob both work down at the plant doing the exact same job at the exact same pay. Every day there is opportunity to work overtime which Aaron does, but Bob punches out and heads to the liquor store to buy booze and lottery tickets. Aaron, instead of taking vacations to Disney or upgrading his depreciating assets every time a new model comes out, plows his money into a REIT or risks it by lending it to a relative who begins what ends up a profitable business. According to you, we should ignore the different inputs and be egalitarian about the results. That is, Bob whose liver cirrhosis keeps him from enjoying much of a pension should have the same multi-million dollar nest egg as his far more productive co-worker Aaron.
If all you are concerned about is a desk job in an air-conditioned office with no stress, physical labor or hassles then become an unarmed security guard. That is the closest thing to a sinecure. But the pay sucks because everyone on the planet can do that gig, but how many people can cut open a stranger's head, pull out a tumor and have the patient wandering around on their own soon after?
The rich get richer because they keep making smart investment decisions. The poor aren't getting poorer no matter what serial F'd-up decisions they make.
That is the bottom line, so why are you bitching? Are you really that well programed by the Communists to Covet your neighbor's goods that you view success as a vice and sloth as noble?
This growing disparity is not good for the country. Its bad for small businesses and bad for main street.
Additionally the govt is killing the middle class w inflation, taxes, etc.
No one bothers to mention the explosion of initial public offerings on the varius stock exchanges. That phenomenon has made many individuals who have led startup corporations very very rich. It has also created millions of new job opportunities.
What makes you think this has to do with just Corporations? I see no surprise in this. It would be terrible if the rich did not get richer. So what? I hope they do. Unless you think .gov should take more of their money and give it to you. Once you save or make so much money I hope you are always getting richer. Otherwise our market is in the dumps. Let see someone at age 40 thiry years ago made and accumulated 2 million dollars. I hope it has increased at least 400% in thirty years. Unless they were stupid enough to spend every penny and not invest their money. This is pure propaganda for the masses.
Fixed that for you.
Cherry picking numbers isn’t accuracy. Lets see the same analysis for every year and not just the year they believe makes their case.