Friday, July 10FROM THE RIVER TO THE SEA, PALESTINE WILL BE FREE

Tag: 1% Americans

USA

Macro-economics and Social Inequality: A Thanksgiving Letter to Our Wealthiest 1% Americans

NOVANEWS By Jack Rasmus Global Research As this Thanksgiving holiday comes to an end and the Xmas season approaches, let’s not forget to give thanks to our richest 1% fellow Americans and their corporations. Thanks to all 1.25 million of you from the 130 million of us 99 percenters households.  Your stewardship of the US economy has allowed us to keep 5% of all the national income created since the last recession in 2009; while you wealthiest 1% got to keep the other 95% (see UC Berkeley economist, Emmanuel Saez’s annual income inequality analyses). But the more you get to keep, the more you can ‘trickle down’ to the rest of us, right? So say your politicians, talking media heads, economists, and other assorted hirelings. So thanks very much for at least sharing something with us....