"The Self-Destruction of the 1 Percent" by CHRYSTIA FREELAND at the NY Times

[pipewrench]

1. Very good read

Exhibit A is the bipartisan, $700 billion rescue of Wall Street in 2008. Exhibit B is the crony recovery. The economists Emmanuel Saez and Thomas Piketty found that 93 percent of the income gains from the 2009-10 recovery went to the top 1 percent of taxpayers. The top 0.01 percent captured 37 percent of these additional earnings, gaining an average of $4.2 million per household.

The system needs to be redirected back to a fair, open and honest government where all men and women are treated equally.