Is it really “class war” if only one side’s fighting it? In any case, it’s getting nastier…

The Class War Launched by America’s Wealthiest Is Getting More Savage
By Larry Beinhart, AlterNet

Posted on January 13, 2011, Printed on January 18, 2011

We’re in a class war.

It’s the corporations and the very wealthiest against all the rest of us. We’re losing.

In 1962 the wealthiest 1 percent of American households had 125 times the wealth of the median household. Now it’s 190 times as much. Is that a case of a rising tide lifting all boats, just a few of them a little bit higher? No.

From 1950 to 1965, median family income rose from $24,000 a year to $38,000 a year. That’s close to 4 percent a year, close to 60 percent over 15 years. That’s a rising tide.

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