February 20, 2013
Reader Asks Me to Prove "Inflation Benefits the Wealthy" (At the Expense of Everyone Else)
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Hard hitting global and local news
Hard hitting global and local news
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See the original post: About That Surprise California Budget "Surplus": There is No Surprise and No Surplus Either
View the original here: Opting Out of Obamacare (the Unaffordable Health Care Act); Not Even Labor Unions Want It
See the article here: ECB President Draghi Urges Less Talk and More Talk (On the Same Subject)
View original post here: Spanish Debt Grows by €146 Billion, Largest Ever Recorded; Debt-to-GDP Highest Since 1910
View post: Wealthy French Eye Belgian Tax Breaks (Everyone in France Should Do the Same)
The original source of the data is a study Striking it Richer: The Evolution of Top Incomes in the United States by Emmanuel Saez. From 2009 to 2011, average real income per family grew modestly by 1.7% but the gains were very uneven. Top 1% incomes grew by 11.2% while bottom 99% incomes shrunk by 0.4%
Read More: Reader Reflections on "Watson" the Medical Computer
Moreover, Inflation is a cause for optimism says Bank of England governor Mervyn King.
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