Tuesday, September 9, 2014

Scrambling For Dwindling Resources

Add this little bit of info to the inflation our government is trying to hide like a cat burying shit on a hot tin roof, the ramapant unemployment, the lack of full time employment for those who do work, Obamacare and the outrageous amount of people on government assistence and it's not hard to see why I have basically been working myself to death the past couple of years trying to keep my head above water.

The super rich got super richer as the gap between them and the rest of Americans continued to widen over the last few years, according to a new Federal Reserve report.

In its Study of Consumer Finances, released every three years, the Fed found that the wealthiest 3% of American households controlled 54.4% of the nation's wealth in 2013, a slight increase from its last survey in 2010. It's also substantially higher from the 44.8% they held in 1989, showing how quickly the income divide has been growing over the past decade or so.
At the same time, the share of wealth held by the bottom 90% fell to 24.7% in 2013. That's compared to 33.2% in 1989.

I hate to be the one to point out the obvious but you can only slice the pie so thin before there isn't any pie left.

This issue is going to be the one that causes revolt in this country long before any other.

Just ask any literate Frenchman.

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