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The New York Times
The New York Times
The New York Times
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The New York TimesVerified account

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Where the conversation begins. Follow for breaking news, special reports, RTs of our journalists and more. Visit http://nyti.ms/2FVHq9v  to share news tips.

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    The New York Times‏Verified account @nytimes 18 Nov 2017

    In the U.S., the richest 1% have seen their share of national income roughly double since 1980. Why?http://nyti.ms/2hJcmiQ 

    5:41 AM - 18 Nov 2017
    • 342 Retweets
    • 461 Likes
    • Jim G Kwick zack Nadir Ali Warren Viegas Ricardo Ward ⚦ ⚭ Andrew mcqueen sikes Diane Olsen (((merida montero)))
    99 replies 342 retweets 461 likes
      1. José Guzón‏ @je_guzon 18 Nov 2017
        Replying to @nytimes

        Neoliberalism.

        0 replies 0 retweets 8 likes
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      1. New conversation
      2. Les Kelly‏ @NoLoneRangerz 18 Nov 2017
        Replying to @itsreynaaaaa @nytimes

        This is so funny

        0 replies 0 retweets 1 like
      3. End of conversation
      1. Sean Churchill‏ @Bad_joke_world 18 Nov 2017
        Replying to @nytimes

        Trickle up economics

        0 replies 0 retweets 5 likes
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      2. SeldenGADawgs‏ @SeldenGADawgs 18 Nov 2017
        Replying to @nytimes

        By working hard, & not crying they're not getting others people's hard earned money.

        1 reply 0 retweets 2 likes
      3. Ben King‏ @Grimeandreason 18 Nov 2017
        Replying to @SeldenGADawgs @nytimes

        They are. It's called inheritance and surplus labour value.

        1 reply 0 retweets 6 likes
      4. SeldenGADawgs‏ @SeldenGADawgs 18 Nov 2017
        Replying to @Grimeandreason @nytimes

        You DO realize that less than 5% of the 1% is from an inheritance. The other 1%ers EARNED their money from the ground up. You could 2

        3 replies 0 retweets 0 likes
      5. Ben King‏ @Grimeandreason 18 Nov 2017
        Replying to @SeldenGADawgs @nytimes

        Did they fuck. Most of the same families that had wealth hundreds of years ago still do. Money creates money, not work. It's a feedback loop. A glided age doesn't appear because the rich are suddenly working harder.

        1 reply 0 retweets 6 likes
      6. SeldenGADawgs‏ @SeldenGADawgs 18 Nov 2017
        Replying to @Grimeandreason @nytimes

        Yes because money grows on trees for these people. 🤦‍♀️ "Rich" people invest in CO's. Companies grow. People get hired. And I guess it's "evil" if your grandfather did well. 🤦‍♀️

        1 reply 0 retweets 0 likes
      7. Ben King‏ @Grimeandreason 18 Nov 2017
        Replying to @SeldenGADawgs @nytimes

        It literally may as well do. Lucky enough to buy a few houses when they were dirt cheap thirty years ago? Congrats, you can rent them out and live off it for the rest of your life without doing anything productive.

        1 reply 0 retweets 0 likes
      8. Ben King‏ @Grimeandreason 18 Nov 2017
        Replying to @Grimeandreason @SeldenGADawgs @nytimes

        Now? No chance. We are in a gilded age of inequality, and it's growing. Wealth buys influence, influence buys opportunity, and opportunity grows wealth. And repeat. The rich have bought politicians, and we are all paying the price.

        2 replies 0 retweets 1 like
      9. Ben King‏ @Grimeandreason 18 Nov 2017
        Replying to @Grimeandreason @SeldenGADawgs @nytimes

        it's simply fact that the less inequality a country has, the better *everyone* is. When a few have everything, and millions are left with stagnant wages because the rich stash money offshore instead of investing in new jobs or higher wages, everyone suffers.

        1 reply 0 retweets 0 likes
      10. 3 more replies
      1. RedFlagDay‏ @asohmd 18 Nov 2017
        Replying to @nytimes

        We live in an oligarchy, where oligarchs make laws that benefit oligarchs and screw the rest of us.

        0 replies 0 retweets 3 likes
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      1. LulabelleMA‏ @LulabelleMa 18 Nov 2017
        Replying to @nytimes

        This shows that giving regulatory and tax breaks to elites (law, finance, medical professionals) actually STAGNATES economic growth in the US. #NotOnePenny #NoTo1%

        0 replies 0 retweets 4 likes
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      1. Isabela Malta‏ @belamalta10 18 Nov 2017
        Replying to @nytimes

        Offshore tax avoidance schemes probably play a part as well!?#ParadisePapers

        0 replies 0 retweets 3 likes
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      1. Dr. David Huddleston‏ @DHuddlestonKY 18 Nov 2017
        Replying to @nytimes

        They know how to make money

        0 replies 0 retweets 3 likes
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      2. don  ❌ ❌ ❌ turco‏ @Calltoart 18 Nov 2017
        Replying to @nytimes

        Inflation and other dem party bullshit.

        1 reply 1 retweet 2 likes
      3. OMG‏ @murrayjohnsonjr 18 Nov 2017
        Replying to @Calltoart @nytimes

        This started with Reagan, a republican

        1 reply 0 retweets 0 likes
      4. don  ❌ ❌ ❌ turco‏ @Calltoart 18 Nov 2017
        Replying to @murrayjohnsonjr @nytimes

        Reagan actually got inflation down to a manageable 2%. Under Nixon Ford and Carter it was running 10% Plus a year.

        0 replies 0 retweets 0 likes
      5. End of conversation

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