How the Wealthy Use the Government to Stay Rich and Get Richer
In his new book, "The Conservative Nanny State: How the Wealthy Use the Government to Stay Rich and Get Richer," well-known economist Dean Baker debunks the myth that conservatives favor the market over government intervention. The book examines a variety of "nanny state" policies that make the rich richer while leaving most Americans worse off. Baker offers the book as a free download: http://www.conservativenannystate.org/cnswebbook.pdf
Source: http://www.truthout.org/docs_2006/051506P.shtml
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The rich get richer
The American Conservative
by James Kurth
In 1914, Henry Ford paid his factory workers $5 a day, twice the going rate, with the aim of creating a broad middle class able to buy the cars they were building. Today, that project isn't faring so well: The Economist reports that in the U.S. 'the gap between rich and poor is bigger than in any other advanced country.' And it's growing. According to the Congressional Budget Office, from 1979 to 2001, the after-tax income of the top 1 percent of U.S. households soared 139 percent, while the income of the middle fifth rose only 17 percent and the income of the poorest fifth climbed just 9 percent. Last year American CEOs earned 262 times the average wage of their workers -- up tenfold from 1970. This widening gap can be seen virtually everywhere we look -- in America; within other countries, even those hitherto distinguished by a high degree of equality (in particular, Japan, South Korea, and China); and between rich and poor countries in the world at large... (for publication 09/25/06)
http://www.amconmag.com/2006/2006_09_25/cover.html
Informant: Thomas L. Knapp
Source: http://www.truthout.org/docs_2006/051506P.shtml
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The rich get richer
The American Conservative
by James Kurth
In 1914, Henry Ford paid his factory workers $5 a day, twice the going rate, with the aim of creating a broad middle class able to buy the cars they were building. Today, that project isn't faring so well: The Economist reports that in the U.S. 'the gap between rich and poor is bigger than in any other advanced country.' And it's growing. According to the Congressional Budget Office, from 1979 to 2001, the after-tax income of the top 1 percent of U.S. households soared 139 percent, while the income of the middle fifth rose only 17 percent and the income of the poorest fifth climbed just 9 percent. Last year American CEOs earned 262 times the average wage of their workers -- up tenfold from 1970. This widening gap can be seen virtually everywhere we look -- in America; within other countries, even those hitherto distinguished by a high degree of equality (in particular, Japan, South Korea, and China); and between rich and poor countries in the world at large... (for publication 09/25/06)
http://www.amconmag.com/2006/2006_09_25/cover.html
Informant: Thomas L. Knapp
rudkla - 15. Mai, 23:57
