Hall of Famer
- Sep 4, 2001
Your explanations make sense for the lowest quintile and maybe next to lowest. But I am skeptical single parents or bad education, or getting lazy from government largess is holding back quintiles 3 and 4. Fourth quintile should be upper middle class. These people should be well educated and/or well trained yet they are losing market share. When the rising tide cannot lift the small yachts there is certainly a problem.Here is a much better picture of income inequality.
Real income numbers for quintiles of the population.
Your graph about the rate of growth is useless crap. It can only be used to serve your agenda which has more to do with your blinkered politics than trying to engage in a discussion about this important topic. In 1947, the top quintile earned 17.5% of the income. In 2001 the top quintile earned 21% of the income. That shows widening inequality, but the number is much more meaningful than the "up 324%" in your graph. Also note how the upper boundaries of each quintile moves in terms of actual averaged dollars. This clearly shows that there is something going on which is holding down the lower quintile. It isn't that the upper quintiles are "seizing income". It is about the lower quintiles being left behind. I have discussed often why this is happening, a point which you ignorantly deny as you engage in your unhinged rants about conservatives and the GOP.