Inequality the real cause of terrible economy
Our Future Blog
by Robert B. Reich
09/06/11
The 5 percent of Americans with the highest incomes now account for 37 percent of all consumer purchases, according to the latest research from Moody s Analytics. That should come as no surprise. Our society has become more and more unequal. When so much income goes to the top, the middle class doesn t have enough purchasing power to keep the economy going without sinking ever more deeply into debt - which, as we have seen, ends badly...
http://tinyurl.com/3g59wcu
Informant: Thomas L. Knapp
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=inequality
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=middle+class
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=wealthy
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Robert+Reich+Blog
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by Robert B. Reich
09/06/11
The 5 percent of Americans with the highest incomes now account for 37 percent of all consumer purchases, according to the latest research from Moody s Analytics. That should come as no surprise. Our society has become more and more unequal. When so much income goes to the top, the middle class doesn t have enough purchasing power to keep the economy going without sinking ever more deeply into debt - which, as we have seen, ends badly...
http://tinyurl.com/3g59wcu
Informant: Thomas L. Knapp
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=inequality
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=middle+class
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=wealthy
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Robert+Reich+Blog
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Starmail - 7. Sep, 11:06
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