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badgenome said:
richardhutnik said:

Reality is, as it is now, standard of living increases has flatline for everyone but the top.  The tide is not causing all boats to rise.  

The tide isn't rising at the moment, and according to the CBO, it's the wealthy who have been hardest hit by the recession. Of course, they are better able to sustain that kind of a hit, but the whole narrative about the rich getting richer while everyone else gets soaked is generally a bunch of bull.

The longer term trend demonstrated a middle class that was shrinking as more people climbed out of the middle class and into the upper class.

Also worth noting... that 1 in 3 people who were in the top 1% in 2007.  Weren't there in 2009.