(Er, not that I’m calling anyone who’s reading this stupid, you understand.)
Paul Krugman, writing in today’s New York Times:
“More broadly, right-wing commentators would like you to believe that the economyâ??s winners are a large group, like college graduates or people with agreeable personalities. But the winnersâ?? circle is actually very small. Even households at the 95th percentile—that is, households richer than 19 out of 20 Americans—have seen their real income rise less than 1 percent a year since the late 1970â??s. But the income of the richest 1 percent has roughly doubled, and the income of the top 0.01 percent—people with incomes of more than $5 million in 2004 â?? has risen by a factor of 5.”
And again, I am forced to wonder why Americans aren’t rioting in the streets every single day.