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The American Middle Class Is No Longer the World’s Richest - NYTimes.com


Stashed in: Economics!, Wealth!, Winner take all., Canada, America!, Europe, We Are Doomed, America, Economics, Rich people get richer.

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While the wealthiest Americans are outpacing many of their global peers, a New York Times analysis shows that across the lower- and middle-income tiers, citizens of other advanced countries have received considerably larger raises over the last three decades.

After-tax middle-class incomes in Canada β€” substantially behind in 2000 β€” now appear to be higher than in the United States. The poor in much of Europe earn more than poor Americans.

I believe this is true AND I believe we are powerless to stop these trends.

I didn't leave the two-party political system. The two-party political system left me.

We've known this in our hearts and our pocketbooks for quite awhile, now the facts are rolling in to prove it :(

Right. And even knowing it there's not much we can do about it.

That's the problem with a winner take all system. The winners take all.

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