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Wednesday, August 10, 2011

Video: how US economic and political trends have led to plutocracy and larger classes


In two and half minutes, Robert Reich tells the truth re the US economy since 1980.  The size of our economy doubled; but wages stayed flat.  All profits went to the wealthiest; and the top percent now have 40 percent of the wealth.
Which gives them too much political power,  influencing our politicians to lower their their tax rates, leading to deficits and budget cuts and yes, higher class sizes (not to mention more charter schools...)
A must see.

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