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Monday, December 09, 2019 {{ new Date().getDay() }}

Wealth
Official White House Photo by Andrea Hanks

Reprinted with permission from DCReport

If you are in the 99 percent here is how well you are faring under Trump policies compared to the 1 percent: for each dollar of increased income that you earned in 2018, each One-Percenter got $88 more income.

Huge as that ratio is, it's small change compared to the super-rich, the 0.01 percent of Americans with incomes of $10 million and up. That ratio is $1 for you and $2,215 for each super-rich American household. Let's call them the Platinum-Premiere-Point-Zero-One-Percenters.

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Photo by Markus Spiske from Pixabay

Wow, how about that Dow?

The Dow Jones Industrial Average, I mean, Wall Street's up-to-the-minute report on whether corporate stock prices are going up, down or sideways. It's the one economic indicator that our nation's media and political establishment watch religiously, claiming it tells them how our national economy is performing.

Recently, the stock market has been zooming up, up and away. So, like ancient priests watching burbling, hissing volcanos to determine if the gods are pleased or angry, the believers in the infallibility of the Dow are hailing today's economy as boom times! No need for another big round of pandemic relief payments or any other urgent actions by government, exclaim the Trumpeteers, because — Boom, Boom, Boom, look at that Dow! — shareholder wealth is pouring down on us like manna from heaven.

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