Winner-Take-All Politics
How Washington Made the Rich Richer--And Turned Its Back on the Middle Class
Simon & Schuster Paperbacks, New York, New York
ISBN 978-1-4165-8870-2
This book goes a long way in explaining what's happened to the middle class in the United States--and why. I learned about "drift" in the Democratic Party and the role it plays.
Quote from page 292: "Recall the startling facts revealed by the DNA evidence on American incomes: From 1979 until 2006, the top 1 percent received 36 percent of all the income growth generated in the American economy, while the highest-income 1/10th of 1 percent--one out of every 1,000 households--received nearly 20 percent, even after taking into account all federal taxes and all government and employer-provided benefits."
(The following link goes to the book at Amazon.)
Winner-Take-All Politics: How Washington Made the Rich Richer--and Turned Its Back on the Middle Class
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