jcurtisblog

Income HistoryOur American leaders are unhappy with the growing inequality of wealth distribution in our country; not bothering to mention that they have brought it about. Their modesty precludes their taking credit for their works, right?

The chart above clarifies the migration of income toward higher earners over recent years if your annual tax return fails to inform you. That the “rich get richer and the poor get poorer” is ancient but not obsolete per the data and there is a reason for that. It is the same reason that famously led Pogo to say: “We has met the enemy, an he is us.”

Let’s use an example: A corporate board of directors is selected by the stockholders to make policy. Back in mid last century, such boards set the CEO’s salary at a reasonable multiple of the salaries of the highest paid workers, folks whose salaries were set at multiples…

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