SO WHEN THE DEMOCRAT POTUS BHO TALKS ABOUT SOCIALISM IN THE WAKE OF WAGE EQUALIZATION THE TALK IS ALL THAT FULL OF BULL SINCE TAKING OFFICE THE MIDDLE CLASS HAS BEEN SWIMMING IN THE CRAP DISHED OUT BY THIS SAME DEMOCRAT AS HIS RICH HOLLYWOOD LIKE FRIENDS AND POLITICIANS GETS THE POT OF GOLD ALL THE WAY HOME–THE LAST 3 YEARS THE RICH HAS GOTTEN THAT MUCH MORE RICHER AND THE REST OF WE THE PEOPLE THAT MUCH POORER–IS THIS POLITICIAN DEMOCRAT BELIEVABLE I DARE SAY NOT THE LEAST–THE AGENDA OF THE DEMOCRATS HAS BEEN IT SEEMS TO DRIVE THE MIDDLE CLASS IN THE SAME WAGE EQUALITY WITH THE POOR

The September bulletin from the Federal Reserve includes an observation that presents a problem for the Obama administration’s avowed war on income inequality: Over the past three years, only the very rich have increased their wealth. On average, everyone else — and that’s roughly 97 percent of all Americans — is either treading water or drowning.

According to the Fed bulletin, the wealth held by the richest Americans has surged to historically high levels, but it’s not a trend that extends to the upper-middle, middle and lower classes — in other words, the vast majority.

Here’s how the Fed’s Board of Governors describes the disparity:

Income inequality, particularly the share of income received by the top 1 percent of the income distribution, has received increased attention in recent years. The Survey of Consumer Finances (SCF) is uniquely capable of contributing to our understanding of trends in income and wealth inequality because the survey collects data on net worth in addition to income, and it also effectively samples affluent families.

Data from the 2013 SCF confirm that the shares of income and wealth held by affluent families are at modern historically high levels. Also, the gains in income and wealth shares have been concentrated among the top few percentiles of the distribution. Contrary to some analysis of Internal Revenue Service data indicating wealth gains are isolated to the top 1 percent, or even 0.5 percent, data from the SCF show that the top few percent of families have experienced rising shares of income and wealth.

The bulletin goes on to show that only the top three percent of income earners in the U.S. has both rebounded from and added to their wealth since the general economic downturn beginning in 2007. 

http://personalliberty.com/rich-getting-richer-obama-era/