Showing posts with label Feudalism in America. Show all posts
Showing posts with label Feudalism in America. Show all posts

Thursday, October 27, 2011

The New Feudalism (According to the Latest CBO Report)

By Octopus

The Director’s Blog of the Congressional Budget Office released this report earlier today. It confirms everything we know about income inequality, and everything the Occupy Wall Street demonstrators have said from the start:
[Income] for households at the higher end of the income scale rose much more rapidly than income for households in the middle and at the lower end of the income scale.
If the language of the CBO summary seems understated, the accompanying graph screams louder than words: