Friday, December 20, 2013

American Dream Is Dead and Repugs Killed It

We've posted this graph before here at Hullabaloo, but it's been a while and with the latest media focus on inequality, it bears reposting:

That is the death of the American Dream in a single chart. It is harder for the poor to get into the middle class, and for the middle class to become wealthy, in America than in almost any other industrialized country. Our income distribution is the most unequal of any industrialized country, and at the highest level since 1928.

Simply put, it is harder to be Horatio Alger here in America than in most of Europe or democratic East Asia. The American Dream is dead, and conservative policies designed to benefit the rich killed it.

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