I read some terrible news today. According to new data released by the IRS, it looks like the incomes of non-wealthy Americans fell dramatically in 2009, “with total income down 15.2 percent in real terms since 2007.” It wasn’t all bad news today, though. It was also reported that the sale of high-end luxury goods […]
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Use of food stamps, sale of luxury goods – on the rise
Posted in Economics, Media, Rants, Uncategorized Also tagged Al Jazeera, American aristocracy, class warfare, David Yurman, Ermenegildo Zegna, Goyard, income disparity, income inequality, Jersey Shore, luxury goods, Plutocracy, Retail, rich get richer, tax the rich, the growing gap between rich and poor, Wal-Mart 18 Comments