Clara Jeffery's piece, titled "The Perks of Privilege," clearly illustrates the growing disparity in wealth that is now, 21st century America.
Here are just a few "highlights":
- In 1985, The Forbes 400 were worth $221 billion combined. Today, they’re worth $1.13 trillion—more than the GDP of Canada. (Income disparity)
- ONLY 3% OF STUDENTS at the top 146 colleges come from families in the bottom income quartile; only 10% come from the bottom half. (Educational disparity)
- BUSH’S TAX CUTS GIVE a 2-child family earning $1 million an extra $86,722—or Harvard tuition, room, board, and an iMac G5 for both kids.
- A 2-CHILD family earning $50,000 gets $2,050—or 1/5 the cost of public college for one kid. (These last two, taken together, show a tax disparity that leads to the above-mentioned education disparity)
- ADJUSTED FOR INFLATION, the federal minimum wage has fallen 42% since its peak in 1968. (How can lower-income workers compete when an already inadequate wage continues to shrink? It makes trying to make a living an absurd joke.)
- IF THE $5.15 HOURLY minimum wage had risen at the same rate as CEO compensation since 1990, it would now stand at $23.03. (which would make it a living wage)
These are just a few items from Jeffery's article, which is definitely worth going through, if for no other reason than to have some talking points to throwback at the conservative trolls you work with, or other Limbaugh-loving family members that make you bite your tongue until it's nothing more than bloody pulp.