Copyrighted Image? DMCA | This article is shaking some trees on Wall Street and in Washington. "The reason why income equality has grown is very simple: the top 10% of Americans own 89% of stocks and bonds. The Federal Reserve has spent over $3.5 trillion on its various forms of Quantitative Easing programs since 2008. The main effect of QE has been to inflate the asset prices -- the stocks and bonds - that the richest 10% own. Quantitative Easing has ended up being trickle-down economics at its worst, because the effect of all of that QE has been to funnel money into the pockets of equity and commodity owners at the expense of people who aren't in on this particular act of theft." |
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At www.dailykos.com
At www.dailykos.com
