We've reached the greatest income wealth inequality in history...This is a new 然obber Baron' era.

[malaise]

http://www.dailykos.com/story/2011/03/16/956947/-The-New-Robber-Barons-%28h-t-Jeffrey-Sachs%29
<snip>
"It's pretty clear there's an agenda nationwide: Republican governors backed by the Koch Brothers extreme right wing money want to crush the unions," says Columbia Professor Jeffrey Sachs. "The public is against it, but public opinion doesn't count much in this country these days." (Editor's note: The Koch Brothers have denied our repeated requests for an interview.)

But Sachs says the "real story" is much bigger than Wisconsin: It's about stagnant wages of public and private sector workers alike, and the increasing and increasingly pernicious role of big money in politics.

The following statistics speak to Sachs' first point:

* Since 1973, the median take home pay of full-time workers is virtually unchanged on an inflation-adjusted basis.
* The top 11,000 households in America have more income than the bottom 25 million.
* Since 1976, 58% of real income growth has gone to the top 1% of Americans.

"We've reached the greatest income wealth inequality in history," Sachs says. "This is a new 然obber Baron' era, of course."

[Sherman A1]

1. Indeed

it certainly is.

[Ishoutandscream2]

2. No question. Gilded Age, The Sequel