This was the center CNN headline this AM, it was "news". A few points:
-- The "poor" have been feeding "the rich" since Biblical times. I suspect that the "poor" will ALWAYS feed the rich ... and work for them, and wait on them in restaurants, clean their homes, park their cars, etc, etc, etc ... this is "news" in the sense that the sun rising in the east is news. When "the rich" are Democrats, they love to have the folks taking care of them be illegal aliens ... that is why they want open borders.
-- One thing that has changed over history is that the "poor" didn't get poor after divorce/re-marriage, living in a home that cost 2.5 times their yearly income and having hi-tech stents put in their hearts. These guys would call me "rich", and I never paid 2.5x my yearly income for a house.
-- The "poor" in the past -- and in not very many places today, get heart stents put in. They also typically didn't and in most of the world yet today, don't get enough to eat to have enough cholesterol in their arteries to even need a stent. The 2.5 Billion ACTUAL POOR in the world TODAY that have no sanitary facilites usually die in smelly ways way before they need stents. Oh, and their buck a day lifestyle means that there aren't any of their cardboard "homes" that are 2.5x their income.
-- Ruth's Chris Steakhouse is for "the 1%" only in the dreams of CNN. I've not been to one since I get to go to IA and have steaks nearly as good for $10 ... so it just isn't cost effective, but I know plenty of people that are maybe "upper 20%" who have been to one more than once.
-- He serves "the 1% of Americans who have enjoyed nearly 60% of all gains in income over the last three decades.". Well, this couple was poor, "sort of made it" with a $100K home and $40K income in the last "15 years", and now they are "poor". Doesn't that tell anyone anything??
Fortune top 10 1980 --- Exxon, GM, Ford, Texaco oil, Chevron oil, Gulf Oil, IBM, GM, Amoco oil
Fortune top 10 2010 -- WalMart, Exxon, Chevron, GE, Bank of America, Conoco Phillips Oil, AT&T, Ford, JP Morgan Chase, HP
Guess what? They aren't the same. Oil, Cars and tech are still there --- but many of the names are different, and banking/finance has become more important. The retail giant WalMart has become top of them all.
So the "top 1%" enjoys a lot of gains (and losses), but THEY ARE NOT THE SAME PEOPLE OVER 30 YEARS!!!!! My guess would be that there is virtually nobody that was top 1% in 1980 that still is in 2010. It is like being the top 1% of anything -- QBs, hitters, etc ... your time at the very pinnacle is SHORT, and then someone else takes over in the 1% spotlight. The top 1% of hitters did some high percentage of the hits in the last 30 years as well -- thing is, NOT ONE of the top 1% of hitters from '80 is still playing at all!!! Talking about "gains of the 1% over 30 years" is like talking about "percentage of beer drank by the top 1% of beer drinkers over the past 30 years". I GUARANTEE you that not a single top 1% beer drinker from 1980 was still in that category by 2010!!!
So the bottom line is that this headline and article is the equivalent of an Obama ad, since we know he is going to run on "the wealth gap". CNN figures that they need work hard so that everyone is suitably angry about how HORRIBLE this "gap" is ... even though the gap is pretty much 100% a fabrication just to produce more polarization in our society -- of course since this is polarization that the Democrats and the MSM want, this is GOOD polarization!!
Democrats are just so completely incensed about the SCOTUS ruling on "corporations being able to contribute as people" ... it means "more money" that they believe is going to go to Republicans -- of course, Google, Apple, most of the Banks / Stock houses, etc contribute to DEMOCRATS, but never mind. Even if they didn't, it would take INFINITE money to counter the MSM doing campaign literature as "news".
We have a LONG way to go before a significant number of the sheep figure this out.
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