But, Not In Your Back Yard

At a Hollywood fundraiser last night in Gwyneth Paltrow’s backyard, President Obama explained that the rich are getting richer. “Most of the gains in our economy go to the folks who are in this lovely yard,” Obama said.

By contrast, the president explained that income and wages have been stagnant for “the average person.”

Weekly Standard

Why is it that the average persons income is not increasing?  You will find some answers in Joel Kotkin’s new book The New Class Conflict, Tyler Cowen’s The Average is Over. and Charles Murray’s Coming Apart.  You will not like the answers, but you need to understand how you are being screwed by demographics, the rich, the famous and Obama  do not give a hoot about your stagnant income.

About Russ Steele

Freelance writer and climate change blogger. Russ spent twenty years in the Air Force as a navigator specializing in electronics warfare and digital systems. After his service he was employed for sixteen years as concept developer for TRW, an aerospace and automotive company, and then was CEO of a non-profit Internet provider for 18 months. Russ's articles have appeared in Comstock's Business, Capitol Journal, Trailer Life, Monitoring Times, and Idaho Magazine.
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