Daily Archives: August 25, 2013

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AlterNet: 6 Filthy Facts About the Rich

The filthiest fact is that Congress wants to cut the food benefit to hungry Americans, almost half of them children, so that money can keep flowing to the top.

-By Paul Buchheit

August 25, 2013- First of all, who are they? Mostly the 1%. But the top 2-5% have also done quite well, increasing their inflation-adjusted  wealth by 75 percent from 1983 to 2009 while average wealth went down for 80 percent of American households. The rest of the top 20% have been prosperous, realizing a 32 percent gain in inflation-adjusted wealth since 1983. The facts to follow are primarily about the richest 1%, with occasional dips into the groups scrambling to make it to the top.

1. Accumulating almost all the wealth

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