This growing concentration of income at the top... resembles the distribution of income found in three other… — David Cay Johnston
This growing concentration of income at the top... resembles the distribution of income found in three other major countries: Brasil, Mexico, and Russia. ...They all have growing, and seemingly intractable, poverty at the bottom. ...These four countries are also societies in which adults have the right to vote, but real political power is wielded by a relatively narrow, and rich, segment of the population.
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In 2006... China, Japan, Canada, and Mexico—accounted for 60 percent of our worldwide trade deficit of $764 billion.
In 2006 the trade deficit with China reached $232 billion. ...more than $60 per month for every man, woman and child in America. ...In 2004 when the trade deficit... was $161 billion, it was... more than the $126 billion of income taxes paid by the bottom 75% of Americans.
[P]residents of companies have gone from apologizing when they had to lay off workers to boasting of the riches... obtained through mass firings. ...[I]nvestors ...owe their wealth ...to buying companies in deals that required destroying lives and careers
