The Great Wealth Transfer in the US

I read this great article yesterday while I was at the vet (my parents cat had a fish hook stuck in his mouth) and figured that this was worth creating a link for. It basically goes into the insane profit margins earned by some top CEOs.

The Great Wealth Transfer

It's the biggest untold economic story of our time: more of the nation's bounty held in fewer and fewer hands. And Bush's tax cuts are only making the problem worse.
by PAUL KRUGMAN posted in the Nov 2006 issue of Rolling Stone Magazine.

An excerpt:
The reason most Americans think the economy is fair to poor is simple: For most Americans, it really is fair to poor. Wages have failed to keep up with rising prices. Even in 2005, a year in which the economy grew quite fast, the income of most non-elderly families lagged behind inflation. The number of Americans in poverty has risen even in the face of an official economic recovery, as has the number of Americans without health insurance. Most Americans are little, if any, better off than they were last year and definitely worse off than they were in 2000.