About 99 percent of American income rose by just 1 percent according to krugman? Your comments on that plz?

Question

Income i mean the income distribution in terms of GDP.

Answer 1

well, duh

you let the rich get away with everything - they rake in the big big dollars, did you think that would make you richer?

the extractive economy [ie, raking money, not making money by making goods and services by work] is 20 times the productive economy

you handed the control of money supply to them on a silver platter in 1913

any group of bigmoney people can work together to buy into one stock, and thus create scarcity and raise prices, and then sell, making the price fall, and then buy, making the price rise, pumping money to themselves forever with no control

and money is power, so long ago the big money starting making the laws in the land of the free, to make it easier to rake money

the rich have sucked the poor, now they are sucking the middle class like a milkshake

warning!: if you hand someone a big club, they may hit you with it!

duh

you escaped europe to get away from tyranny, and then you let tyranny rise in america

duh

Answer 2

I think you mean for 99% of Americans. This is probably true after inflation. Per capita income in fixed (2000) $s rose from $27,232 in 2004 to $27,344 in 2005. ($112 increase.) However personal spending remained strong and the result was that personal savings went negative for the first time since the great depression. Some of this may come from a belief that housing will continue to rise at double digit rates, but that is not proving out.

So at the time we need a lot of savings to support the baby boomers in retirement, that is not happening.

Bill

Answer 3

I can say that I wasn't lucky to be that 99% who got that 1% raise, LOL! No raise what so ever!
Its horrible that in this time and age where everything is going up, the only thing that rarely ever goes up is our salary. Gas prices are souring through the roof, and I need gas to get to work. Food is becoming more expensive and so are other things like clothing and services b/c of the gas prices. It's ashame that a country like the USA, where we pride on the "American Dream", really doesn't seem to be an "American Dream", but more of an "American Nightmare".

Answer 4

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Answer 5

Great Depression II on the way.

Answer 6

Since the inflation rate is something around 3%, it means we can't buy as much with our money.

Answer 7

Yes. I'm in that category (if you mean 1% within the past year). Hi. :)

Answer 8

i dont no it makes no sense but thankx 4 da 2 pionts any ways

Answer 9

I think you're being fed nonsense.

Answer 10

yikes.