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Where did it go?

April 28, 2012

Mark Thoma’s page links up the historic answer to a question we’ve been wondering about, summed up something like this: Consider all the wealth created while the output of the entire country has grown over the last 30 years or so; consider that wages and salaries of most of us have been little more than flat; where did the money go? It must have gone largely to the rest of us at the top. That is a mind-numbing pile of riches. But clearly not beyond the dreams of avarice, as dreamed by the GOP today. They want to pile up more and more forever. But history shows how it all falls down again and again.

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