FYI the middle class is 40% richer and you know the 1% want their share of that too.
According to a new Congressional Budget Office report released on Tuesday, since 1979 the average, after-tax income of the top one percent of American households has risen 275 percent. Meanwhile, for the poorest one-fifth of the country, it’s gone up just 18 percent. And for the biggest slice of “middle class” America — the three-fifths of homes between the top and bottom 20% — incomes have risen just 40%. Read more... (via: reagan-was-a-horrible-president)
1) Half of all workers made less than $26,364, the median wage in 2010. That means the typical wage is at its lowest level since 1999, after adjusting for inflation.
Don’t you forget the wealthy still need a tax cut though. That’s according to the GOP and Paul Ryan:
And that plan is positively tame compared to Ryan’s much-ballyhooed “Roadmap for America’s Future,” which would have raised taxes on a full 90 percent of the population in order to give the richest one percent of Americans an annual tax break of more than $200,000.
Oh yeah, and Paul also said that college students should get 3 jobs instead of using Pell Grants. So… not a class war though.