All over again:
[T]he fortunes of the bottom 50 percent of Americans are worsening, with that group earning 12.8 percent of all income in 2005, down from 13.4 percent the year before, the paper said.Hmm…the 1920s, you say? The decade that began in the grip of the red scare? When anti-immigrant sentiments were high and the Ku Klux Klan was resurgent? The decade that brought us the infamous Scopes Monkey trial?
[. . .]
[W]hile the IRS data goes back only to 1986, academic research suggests that the last time wealthy Americans had such a high percentage of the national income pie was in the 1920s.
Oh. That sounds about right..
Tags: us economy, class warfare