12 thoughts on “Graph of the Day: Top 0.1% Wealth Share in the United States, 1913-2012

  1. Notice how it began to rise unhealthily right around the Reagan years. Ya, trickle down economics really worked…


    • It wasn’t just coincidence, Lou. Trickle-down was a fraud and a conspiracy from the outset. It’s extremely rare to find great historical changes linked to singular moments in time, but in this case we have one. From Bill Moyers – The Powell Memo: A Call-to-Arms for Corporations:

      By 1971, future Supreme Court justice Lewis Powell felt compelled to assert, in a memo that was to help galvanize business circles, that the “American economic system is under broad attack.” This attack, Powell maintained, required mobilization for political combat: “Business must learn the lesson . . . that political power is necessary; that such power must be assiduously cultivated; and that when necessary, it must be used aggressively and with determination—without embarrassment and without the reluctance which has been so characteristic of American business.” Moreover, Powell stressed, the critical ingredient for success would be organization: “Strength lies in organization, in careful long-range planning and implementation, in consistency of action over an indefinite period of years, in the scale of financing available only through joint effort, and in the political power available only through united action and national organizations.”[3]

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      • You can almost smell the reptile that corporatocracy has become. One amorphous evil organism with only self-interest and propagation as its prime directive.

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  2. Pingback: Graph of the Day: Top 0.1% Wealth Share in the United States, 1913-2012 – The way I see things …

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