Why is the huge transfer of America's wealth to the WEALTHY over the past few decades...

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...never discussed? For example, the past 30 years have featured a massive redistribution of wealth in America from everybody else to the top 1 percent, and, much more radically, the top one-tenth of 1 percent (that is, the richest thousandth) of Americans.

Consider these figures from the Economic Policy Institute. In 1979, the top 1 percent of wage earners made 9.4 times as much, on average, as the bottom 90 percent of the populace. This ratio had remained virtually unchanged since the end of World War II.

Meanwhile, the top 0.1 percent made 21 times as much as the bottom 90 percent - again, a ratio that had barely budged in the postwar period.

Since then, the income ratio of the top 1 percent relative to the bottom 90 percent has doubled, making it about the same as what the ratio of the top 0.1 percent to the bottom 90 percent was for the first 35 years of the postwar period.

That's startling enough, but the most radical redistribution of income has been at the very top of the economic pyramid. The top 0.1 percent now enjoys a wage ratio about 70 times that of the bottom 90 percent - an astounding generational transfer of literally trillions of dollars from nine out of 10 Americans to the superrich.


http://www.rockymountainnews.com/news/2008/oct/21/campos-wealth-on-move---to-the-rich/
 
It's not an issue because they have done it on their own in the private sector. If you build the proverbial better mousetrap, the world will indeed beat a path to your door. There's a chasm of difference between a person earning a lot of money and the government levying confiscatory taxes on the successful to redistribute it to the less ambitious.
 
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