The wishes of the Occupy movement are coming true: The rich are getting poorer (though, as expected, it's not helping anyone). From CNBC:
In other words, the incomes of the top one percent fell 18 times more than the incomes for the middle class at the start of the recession.
The result of this big drop at the top was that their share of the country's total income also fell. In 2007, the top one percent earned 26.7 percent of all after-tax income. In 2009, that portion fell to 22.3 percent.
Inequality, in other words, fell during those years. We are now in an age of High-Beta Wealth, where the incomes of the One Percent have become far more manic and prone to wild drops than the rest of the country.
That is to say: The "rich" suffering doesn't help anyone and only hurts the entire economy.





