Why are so many drawn to the Sanders message? … It’s because so many of us want to stop our entire society from crumbling beneath the destructive power of runaway inequality.
Here are 10 crucial economic facts that provide the glue for the Sanders message. (The charts are taken from Runaway Inequality: An Activist’s Guide to Economic Justice.)
1. The rich are getting richer, the rest of us are not.
There always has been a significant gap between the top 1 percent and the rest of America. But that gap was kept under control largely through governmental tax, banking and labor policies.
You could make a lot of money in this country, but after the New Deal, unions made sure you paid a decent wage to your workers, and government made sure the wealthy provided ample tax revenues. This allowed working people to also enjoy a rising standard of living.
But as the chart below shows the bond has been broken. After 1980, the incomes of the top 1% exploded while the wages of the bottom 90% stagnated….and not by accident.
(Read the rest here.)