The inequality bubble is accelerating, worse than ‘29, even 1789…”14 reasons an economic crash could trigger a deadly revolution”

Thursday, April 16, 2015
By Paul Martin

By PAUL B. FARRELL
MarketWatch.com
Apr 16, 2015

Good news for the richest 10%. Bad news for everybody else. The Wall Street Journal reports “the top 3% of families saw their share of total income rise to 30.5% in 2013 from 27.7% in 2010, while the bottom 90% saw their share fall.” Yes, folks, the inequality gap just keeps widening, and the new GOP budget is certain to make it even worse.

The rich just keep getting richer. The rest just keep getting shafted, regardless of the long-term consequences to the American economy. The rich don’t care. And based on how brazen the new GOP budget is about widening the inequality gap, you can bet they’ll just keep thumbing their noses at the rest of America, even after Pope Francis speaks to Congress in September.

Why? The GOP is the party of the rich. Will this trend ever change? Maybe after the revolution of the masses that’s coming? But when? After the 2016 elections? The 2020 elections?

The inequality gap is now at 1929 levels, in fact, the widest it has been in a century, which makes the GOP gamble with the future of America a real “assault on the middle class,” says CNN, as the GOP keeps adding more and more benefits for the wealthy, while cutting incentives for the 90% who are actually building the economy of America’s future.

A couple years ago a Credit Suisse Global Wealth Report gave us a snapshot of just where this explosive inequality bubble is headed, reminding us of something far worse than the 1929 Crash, but of the 1790s when inequality triggered the French Revolution, and 17,000 lost their heads under the guillotine.

The Rest…HERE

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