The story which should be front page news but is not is income inequality. U.C. Berkeley professor, Emmaneul Saez studies income inequality and has recently updated his research with 2012 figures and the results are astounding. The top 1% breaking records for grabbing America's income gains should be what's blaring across the headlines.
The top 1% income earners have captured 95% of the income growth from 2009 to 2012. Folks, that's pretty much all of it. Generally speaking the rich have become much richer, income inequality hasn't been greater and United States is returning to that very unjust society of 1897.
The top decile share in 2012 is equal to 50.4 percent, a level higher than any other year since 1917 and even surpasses 1928, the peak of stock market bubble in the “roaring” 1920s.
Tonight's videos are worth watching interviews and lectures on income inequality, the facts, the figures, the outrage and how the American middle class was ripped off without even a kiss. Below is a UCTV lecture by Saez on income inequality and feel free to scroll forward to get to the lecture.
Something a little more accessible is this in depth, fact wheeling interview with Ralph Nader on income inequality and the minimum wage. Nader calls this income tyranny.
Finally, below is a lecture on Winner Take All politics and how our government has created massive income inequality and how and why they did it.