which is totally true. The headlines this week, buried in the back of your favorite newsite, said:
Income Disparity Between Richest 1% And Rest Of US Biggest Since ’20s
WASHINGTON (AP) — The gulf between the richest 1 percent and the rest of America is the widest it’s been since the Roaring ’20s.
The very wealthiest Americans earned more than 19 percent of the country’s household income last year — their biggest share since 1928, the year before the stock market crash. And the top 10 percent captured a record 48.2 percent of total earnings last year.
U.S. income inequality has been growing for almost three decades. And it grew again last year, according to an analysis of Internal Revenue Service figures dating to 1913 by economists at the University of California, Berkeley, the Paris School of Economics and Oxford University.
One of them, Berkeley’s Emmanuel Saez, said the incomes of the richest Americans surged last year in part because they cashed in stock holdings to avoid higher capital gains taxes that took effect in January.
In 2012, the incomes of the top 1 percent rose nearly 20 percent compared with a 1 percent increase for the remaining 99 percent.
And although a Democrat is president and GOP popularity is at its lowest, it makes no difference, since a minority of Republicans can gum up the works so badly that nothing gets done (including Wall Street reform).
Meanwhile, while progressives care about many issues, those on the right tend to be one-issue voters who act with a passion. That explains how this could happen:
WASHINGTON — The first recall election in Colorado's history on Tuesday marked a stunning victory for the National Rifle Association and gun rights activists, with the ouster of two Democrats — Senate President John Morse (Colorado Springs) and state Sen. Angela Giron (Pueblo). The two lawmakers were the target of separate recall fights over their support for stricter gun laws earlier this year.
"The highest rank in a democracy is citizen, not senate president," Morse said in his concession speech, as his supporters solemnly watched, some shedding tears.
What originally began as local political fallout over the Democratic-controlled legislature's comprehensive gun control package quickly escalated into a national referendum on gun policy. Morse and Giron both voted in favor of the legislation,signed into law by Gov. John Hickenlooper (D) in March, which requires background checks for all firearm purchases and bans ammunition magazines over 15 rounds.
Gun rights activists initially sought to recall four Democrats they perceived as vulnerable, but only collected the required signatures to challenge Morse and Giron.
That's right. Some lawmakers backed a bill for stricter gun laws, and for that, they lost in a recall. Take note — they didn't lose in the normal course of the election cycle. They were recalled.
And this happened in Colorado… fourteen months after the shooting in Aurora which killed 12 and left 70 injured.