Tuesday, January 04, 2005

The rich get richer and the poor get poorer

The Economist has a great article about America's increasing gap between rich and poor, and the increasingy lack of mobility between rich and poor. This, the article argues, is coming dangerously close to bringing an aristocracy to the USA while its citizens look on both blissfuly ignorant of what is going on and powerless to make a change.

For prior commentary on income inequality see "The Gini Index - how does your inequality measure up?" and "Why the Democrats suck and why being rich doesn't".

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