Monday, July 11, 2011

Springtime for Millionaires

From Mother Jones, and from many non-partisan sources, a lot of useful visuals and diagrams describing what has happened to the middle class. Who stole our prosperity? Guess.

The best way to eliminate the deficit would be to pay all Americans better instead of restricting prosperity to the top one percent. This would make us all better taxpayers, better consumers. We would all feel more secure.

In the past forty years, since Reagan declared "morning in America", only the very few at the top of the income graph have seen an increase in income against the rising cost of living. To borrow a phrase from a popular musical, it was Springtime for Millionaires when Reagan began the reign of Reaganomics. It ended the broad prosperity begun by FDR and continued by Truman, Eisenhower, Kennedy, Johnson, Nixon, Ford and Carter. Reaganomics stole from the many to enrich the few. Robin Hood in reverse. So why do people revere him?

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