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The Rich Have Gained $5.6 Trillion in the 'Recovery,' While the Rest of Us Have Lost $669 Billion


Business  (tags: wealth distribution, money, society, politics, usa, economy, government, business, Wall St bailout, Federal Reserve, trickledown economics, unemployment, criminal conspiracies )

Lynn
- 537 days ago - alternet.org
Do the math and you'll discover that the top 7% gained a whopping $5.6 trillion in net worth (assets minus liabilities) while the rest of lost $669 billion. Their wealth went up by 28% while ours went down by 4 percent.



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Comments

JL A. (275)
Saturday May 4, 2013, 10:15 am
Totally explains why people are asking for economic changes
 

Kit B. (276)
Saturday May 4, 2013, 12:53 pm

These massive inequities in wealth are also de facto a loss in the greater sense of power and community by people. Something has to give, far too many people are becoming a part of the world of poverty.
 

David Menard (43)
Saturday May 4, 2013, 1:13 pm
It is as always the GOP whores itself out to the mega rich and banks and get richer while the rest of us slide into serfdom.American democracy is long dead
 

Jaime A. (33)
Saturday May 4, 2013, 2:25 pm
Noted, thanks.!!
 

Darren Woolsey (82)
Saturday May 4, 2013, 2:53 pm
It's staggering is the inequality in purely monetary terms.... but also there are huge imbalances in just how the world presently is... I agree with you Kit, that someone has to give, and I feel that time is rapidly approaching, when planetary change will rewrite the face of the world.
 

pam w. (191)
Saturday May 4, 2013, 3:22 pm
This should NOT be a surprise! Can you spell OLIGARCHY? That was once just an odd word in a book.

Now...it's a fact of life.
 

John B. (175)
Saturday May 4, 2013, 6:39 pm
Thanks Lynn for the link to the article by Les Leopold. All nine points he mentions are right on target and the two simple solutions he proposes need to be championed by all of us on Main street. Read and noted.
 

Dandelion G. (380)
Saturday May 4, 2013, 7:20 pm
And the rich still whine.

Watch this Shocking Video.
Wealth Inequality in America

Short under 4 minute video tells it all in simple terms.
Wealth Inequality of the World

Please sign:
American Anti-Corruption Act
 

Pat A. (116)
Sunday May 5, 2013, 3:28 am
The only surprise is in the exact amounts - oh I fear for the future I really do!
 

Nancy Black (303)
Sunday May 5, 2013, 6:48 am
Noted, tweeted, shared, tweeted, shared. What puzzles me is why the GOP is still in power in the House after 2008. Our economy is in the toilet except for those who own toilets fancier than the entire houses of middle class America.
 

Kathy Niell (103)
Sunday May 5, 2013, 12:20 pm
it's always shocking to see just how deep the inequity is in this country and that it continues to get worse every single day. I believe only a revolution by the 99% will change things.
 

Lois Jordan (56)
Sunday May 5, 2013, 2:35 pm
Thanks for posting this excellent info, Lynn. Occupy was speaking truth to power in a nonviolent way and was violently oppressed. But, they're not done and are continuing to work in many local areas. We have a very busy group here. InterOccupy is working on a national level. I believe it served to awaken many to the facts that we're not even living in Reagan's "trickle-down" society---the wealth is now flowing upward.
And, thanks for posting the videos, Dandelion---petition signed, too.
 

Gloria picchetti (297)
Sunday May 5, 2013, 3:45 pm
Nothing new as we have been through this since Reagan/Bush/Bush. Get back to us when something is going to done about it.
 

Diana Bair (7)
Sunday May 5, 2013, 8:47 pm
THE ONLY THING WE NEED TO DO IS............DO NOT EVER AGAIN VOTE....REPUBLICIAN!!!!!!!!!!!!!!!!!!!.
 

paul m. (93)
Monday May 6, 2013, 12:54 am

So far,,,, but where does it stop..??
 

Terrie Williams (774)
Monday May 6, 2013, 12:31 pm
I agree with Kathy.
 

Jason R. (61)
Monday May 6, 2013, 1:39 pm
It burns me up when I hear republicans defending republicans with hate for every one else.
 

deb s. (145)
Monday May 6, 2013, 4:47 pm
Explain this one government? Or is it the PLAN to do so?
 

Gene Jacobson (256)
Tuesday May 7, 2013, 5:36 am
Oh my, class warfare is about to break out with the rich sobbing all the way to the bank over their hurt feelings. The more I read about this the more certain I become that when people talk about the scum of the earth, these are those they are talking about. Beyond disgusting, and as in the campaign last, and the Congress now, to demand ever more requires the kind moral cowardice only found in the wealthy - no sense of propriety, fairness or empathy, utterly devoid of compassion. If that is class warfare so be it, worse is coming unless this is rectified.
 

Tim C. (1968)
Thursday May 9, 2013, 10:08 am
ty
 

Farah Hage Ali (161)
Saturday May 11, 2013, 8:58 am
noted, thank you for sharing
 

Klaus Peters (13)
Thursday May 23, 2013, 8:47 am
I weathered that storm and was clever enough not to trust the rich while these maggots made a fortune on pensioners. Got out in time and chose slow growth, sure the maggots make plenty of money on that, but there is plenty left for me.
 
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