How the rich devoured the American economy, in one chart - The Week:
Economic expansions are supposed to be when the American economy
distributes the fruits of growth to everyone. And that used to be true!
But slowly and steadily the rich have gained on everyone else. They
advance almost regardless of which party is in control of government —
Reagan speeds it up, while Clinton slows it down, but not by very much.
Most staggering of all, during our current economic expansion, the bottom 90 percent is posting an average income decline.
Not only is the rising tide not lifting everyone equally, it's actually
distributing less than nothing to nine-tenths of the population, on