Monday, September 29, 2014

Paul Krugman: "The Invisible Rich" (And The Invisibility Of American Inequality)

Our invisible rich. "I don’t think the poor are invisible today, even though you sometimes hear assertions that they aren’t really living in poverty — hey, some of them have Xboxes! Instead, these days it’s the rich who are invisible. But wait — isn’t half our TV programming devoted to breathless portrayal of the real or imagined lifestyles of the rich and fatuous? Yes, but that’s celebrity culture, and it doesn’t mean that the public has a good sense either of who the rich are or of how much money they make. In fact, most Americans have no idea just how unequal our society has become." Paul Krugman in The New York Times

 Benefits of economic expansion are increasingly going to the richest Americans. Neil Irwin in The New York Times.

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