The myth of the growing gap

Can it be both ways?  Liberals claim that federal transfer programs have decreased inequality, yet moan about growing inequality even with 123 transfer programs in education, nutrition, fuel, housing, health, child care and tax rebates. If there is growing inequality (and it's a myth the media perpetuate--spendable income inequality is not increasing, increased capital is not bad for labor, wealth is not a zero sum game, and high income taxes do not necessarily lead to a more equal outcome--Forbes.), I'd look at how the government has fed this, just as it's fed the growing college debt by floating so many loans.

By age 60,

70% of the population will have experienced at least one year within the top 20th percentile of income;
 
53% of the population will have experienced at least one year within the top 10th percentile of income; and
 
11.1% of the population will have found themselves in the much-maligned 1% of earners for at least one year of their lives.
 
At the same time, it’s much more rare for a person to reach the top 1% and stay there. According to PSID data, only 0.6% of the population will experience 10 consecutive years in the top 1% of earners.

http://fortune.com/2015/03/02/economic-inequality-myth-1-percent-wealth/

http://www.forbes.com/sites#/sites/jeffreydorfman/2014/05/08/dispelling-myths-about-income-inequality/

Obama is very wealthy, but demonizes the rich

“According to financial disclosure forms released this week, the president and first lady listed assets worth between $2 million and $7 million for 2013, of which $1 million to $5 million were in Treasury notes, as reported by International Business Times.

I can’t help but note that the Obamas’ net worth at the end of 2007 was “only” $1.3 million. The $7 million figure represents a 438% increase! Yes, I’m sure that’s change he can believe in, but what about the rest of us?”

Read more at http://allenbwest.com/2014/05/obamas-net-worth-jumps-438-since-taking-office/#pDUbvJYlTQ1gVffa.99

She's obviously among the 1%

If the New York Times is hurting for subscribers how in the world does it afford a pay out like this?

(Reuters) - Former New York Times Co (NYT.N) Chief Executive Janet Robinson received a total payout of nearly $24 million after she left the newspaper publisher at the end of last year, according to a regulatory filing on Friday.

Robinson, a 28-year veteran with the company, has yet to be replaced by Chairman and Publisher Arthur Sulzberger Jr, who is temporarily acting in her place. Robinson's package includes a $4.5 million consulting fee that The Times had agreed to pay as part of her exit package, as well as pension benefits and performance-related payments.

Excluding the consulting fee, Robinson would have been paid the same amount whether she was terminated, resigned or retired, according to the filing with the U.S. Securities and Exchange Commission.