Washington reporters parrot Obama's 'income inequality' mantra

[Geee]

Washington Examiner:

Washington's political reporters, in lightning knee-jerk speed, have embraced President Obama's Robin Hood war on “income inequality,” the latest example of the president's success in using the bully pulpit to steer attention to his new populist campaign.

 

The issue took center stage Wednesday during a briefing from the nonpartisan Business Roundtable meant to focus on the group's agenda to push economic growth from 2 percent to 4 percent, but instead saw several reporters pestering the group's president and chairman about the minimum wage and income distribution.

 

At first, Randall Stephenson, the Roundtable chairman and CEO of AT&T, and Roundtable President John Engler were patient with the questions from the reporters, many of whom have been in Washington for decades and are presumably well-paid.

 

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Stephenson argued that if the administration helped to fix the economy, reduce regulations and expand trade, more jobs would be created. “If the economy is doing better, everyone is doing better,” Stephenson said at the briefing hosted by the Christian Science Monitor.

[Valin]

@Geee

 

One of the things to look for in the up coming year is income inequality in ancient Rome.

 

 

Example:

 

U.S. Income Inequality Higher Than Roman Empire's Levels: Study

Jillian Berman

12/19/11

 

Many tout the U.S. as the Roman empire of the modern world. But as it turns out, that comparison may not be all good.

 

Income inequality in America is at levels even higher than those in ancient Rome, according to a recent study from two historians, Walter Schiedel and Steven Friesen, cited by Per Square Mile. After analyzing papyri ledgers, biblical passages and other previous scholarly estimates, the researchers found that the top one percent of earners in Ancient Rome controlled 16 percent of the society's wealth. By comparison, the top one percent of American earners control 40 percent of the country's wealth, according to Vanity Fair. (h/t ThinkProgress)

 

The findings add to the growing chorus of studies and criticisms indicating that the wealth gap is hitting truly remarkable levels. The top one percent saw their incomes rise by 275 percent between 1979 and 2007, according to the Congressional Budget Office, while the bottom fifth of earners only saw their incomes grow by 20 percent during that same period.

 

(Snip)

 

Ancient Rome

Income inequality is found all through these vids.

 

Prepare yourself...it's coming. In fact i am a bit surprised we haven't seen this meme already.