Times are Great! Profits Up! Poverty, Too!!!

Hooray for Poverty!!

According to just-released census data, corporate profits are at their highest level relative to GDP than at any time since the 60s!!!

As a result, wages and salaries now make up the lowest share of the nation’s gross domestic product since the government began recording the data in 1947, while corporate profits have climbed to their highest share since the 1960’s. UBS, the investment bank, recently described the current period as “the golden era of profitability.”  (Link.)

Woo Hoo!!  Never mind that while productivity increases, wages have fallen:  we need to fatten up the rich!!

Even better:  Poverty's WAY up and Uninsured Citizens, Too!!  Hooray for the Laffer Curve!!

Link.

tags: greed  wealth  rich  gecko  gdp  bush  economy  laffer  poverty  insurance  health  wages  compensation  salaries  productivity  reality  

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