The rich are getting richer & the poor are getting poorer

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A new study by the New York Times reveals that some of the wealthiest CEOs in America saw their paychecks grow twice as fast as workers in 2011. The median pay for America’s 200 highest paid CEOs jumped up 5% to $14.5 million. Meanwhile, worker pay rose by just a mere 2.8%. Now – Fortune 500 CEOs make 380 times more than their average workers and have seen their pay increase 127 times faster than their workers since Reagan moved into the White House.

Despite all of this – there’s a bankster like Mitt Romney running for the President – who’s pledging to give even bigger tax cuts to his rich friend on Wall Street – while giving austerity to the rest of us. America already resembles a banana republic – but if Romney wins – then the transformation will be complete.

Thom Hartmann Administrator's picture
Thom Hartmann A...
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Dec. 29, 2009 9:59 am

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The rich vs poor is no class war,it`s really a culture war. It`s "survival of the fittest vs democracy",who has the higher moral ground? You cannot solve a problem until you understand it.

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tayl44
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The Death of the Middle Class was by Design...

Even in the face of the so-called Recovery, poverty and inequality are getting worse in our country, and more wealth and power is flowing straight to the top. According to Paul Buchheit over at Alternet, this is the end result of winner-take-all capitalism, and this destruction of the working class has all been by design.

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