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Article #4006

The Decline of America: Class-War Against Middle Class & Poor (III)

#4006
From: misc.activism.progressive co-mod...
Date: Tue, 20 Oct 1992 16:33
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The Decline of America: Class-War Against Middle Class & Poor (III)


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Widening of the gap between the rich and poor under Reagan/Bush:
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Figures of Average before-tax income:

                1980            1990, projected:
                                                       
Richest  5%:   $142,306         $206,162 (some 33% more)

Poorest 10%:   $5,134           $4,695  (some 10% less)

 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

National income: percent of total after-tax income for:

                        1980:           1990:     
                                          
Richest 5%:             19.6%             25% 
Poorest 20%:             5.4%            4.3%


[From: In These Times, Oct 10-16, 1990]
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From: harelb@math.cornell.edu (misc.activism.progressive co-moderator)
Subject: The Decline of America: Class-War Against Middle Class & Poor (III)
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