Political party and patterns of income inequality
The Republican party is an organized crime cartel that has been systematically stealing money from hard-working Americans and stuffing it all into the pockets of the very rich for 40 years.
Yes, as through this world I've wandered
I've seen lots of funny men;
Some will rob you with a six-gun,
And some with a fountain pen.
Pretty Boy Floyd
Lambert’s favorite economic distribution slide tells a major part of the story,
but does not explicitly reveal the full measure of blame due to the policies of the modern Republican Party. Based on Census Bureau data, Larry Bartels has constructed a comparison of change in gross family income by quintiles under Republican and Democratic Presidencies from 1948 (when data collection started) to 2001:
Full explanation and details can be found here and here. Extending the data through 2005 in his new book, The Political Economy of the New Gilded Age shows that under Bush, everything got worse for almost everyone.
Breaking down the data this way demonstrates a couple of things. Contrary to conventional wisdom, Democratic administrations are just as beneficial to high income families as are the Republicans. What happens under Republican rule is that everyone who is not in the highest income bracket suffers from diminished income growth and, as the uppermost chart shows, that income is shifted to the pockets of the top 1%.
From a gross income economic standpoint, almost everyone does better over time with Democratic governance. What Republicans have been successful at electorally is driving people to vote against their own economic interests in subjugation to fear and bigotry, while lying about the economic theft. The MSM are probably correct to treat the general populace as largely unable to follow discussions of technical “down in the weeds” policy, and perhaps progressive political bloggers should – to some degree – follow suit.
A presidential campaign focused on the clear truth that “Republicans Are Stealing Your Money” may be the best approach to getting voter’s attention.