It's Amazing What Most Americans Don't Know About Incomes

This segment by the NewsHour's economics reporter discloses what most of the news media works so hard to disguise:

ALMOST ALL OF THE GAINS IN THE PAST THIRTY YEARS HAVE GONE DIRECTLY INTO THE POCKETS OF THE TOP 1%.

That means productivity gains––workers working harder and more efficiently for longer hours––are being paid less and less to the workers themselves, and instead are going to the people who don't work at all.

Which, if you like, is a pretty fair description of a slave economy. An old-fashioned peasant and master economy. In a properly run economy the gains are enjoyed by everyone who works for a living. Instead, in America, we now glorify and pamper the leisured owner class.

We live in a country with more inequality than most African kleptocracies. Most Americans THINK we have an income distribution similar to Sweden's. That's what they'd like it to be.

The saddest part of it is most Americans have no idea about the real distribution of incomes or wealth, because the airwaves they own and the internet they log onto and the newspapers they buy every morning refuse to inform them.