Galileo Blogs has left a new comment on your post "Income Inequality":

Looking at the data in the New York Times article, I see that income inequality peaked in 1928, the year before the stock market crash and the beginning of the Great Depression.

Let's see. The 1920s were a period of rapid increase in wealth, when even the average American could buy cars and radios, and benefit from the rapid deployment of electricity. But rich people got even richer.

Now with the Great Depression, we had mass impoverishment, unemployment approaching 1/4 of the population, soup kitchens, starvation. But there was greater income equality then.

I wonder, what is the true objective of those who protest income inequality?

Posted by Galileo Blogs to Thrutch at 9:22 AM