Has there been a massive redistribution of wealth in the U.S?

Since the war in Iraq (under the current Bush presidency), billions of dollars have been spent on the war in Iraq and Afghanistan. Much of that went to war supply contractors. Bankruptcy laws and credit card regulations have quietly become more restrictive and cumbersome to U.S. consumers. Middle-class wages don’t even begin to keep up with the cost of living.

This entry was posted on Monday, September 29th, 2008 at 2:30 am and is filed under Bankruptcy Law. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

2 Responses to “Has there been a massive redistribution of wealth in the U.S?”

1. rachybaby Says:
   September 29th, 2008 at 4:10 pm

   The wealth gap is growing at a frighteningly fast rate. Just this morning i read that the richest 10% of americans own 70% of the wealth, and while the inrease in minimum wage is expected to boost the standard of living for the lower middle class 3.5 % in the next year, bonuses for wall street execs are expectred to increase by 15%. So no, if anything, more wealth is being held by fewer people. Not exactly an even distribution

2. songndance1999 Says:
   September 30th, 2008 at 5:41 pm

   Thanks to illegal immigration the wages of the middle and lower class are being driven down. How can legal tax paying workers compete for jobs with people who come here illegally and work for $4 and hour.
   Then they live in a 2 bedroom apartment with 15 other people, while the legal working man pays $700/month rent and can’t find a job because the illegal worker takes them.

   Drive out the illegal immigrants and wages will go up. And don’t give me this garbage about the prices will have to go up. Have prices gone down now that businesses have been using illegal workers? No. So the savings has not been passed on to us.