A Succinct Explanation of the Economy

money shirtThe Truth About The Economy In 2 Minutes:

– The economy doubles since 1980, but wages flat. Where did the money go…
– All (or most) of the gains went to the super rich. And…
– With money comes political power. Taxes on super rich slashed, revenues evaporate. This leads to…
– Huge budget deficits. Middle class agitated, fights for scraps…
– Middle class divided. Buying and borrowing slow. Resulting in:
– Anemic recovery/economy.

Economics bores me silly, but this article was informative and interesting.

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