This One Graph Captures the Destruction of Middle Class Prosperity by Conservative Economic Policies

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by Sahid Fawaz

Economic conservatives like to talk a big game. They promise that a pot of gold is on the other side of the rainbow if only we would get rid of unions, regulations, and taxes on the rich. Well, as the chart below shows, there is talk and then there is reality. And the reality is that all segments of the American population have become worse off under the growth of unrestricted greed, with the exception of one group: the top 5%. This graph, put together in a report by the Economic Policy Institute, is another damning piece of evidence against the lies put forth by those who seek to increase the wealth of the very rich at the expense of everyone else. It’s no surprise that the working classes did the best when unions were strong, taxes on the rich were fairer, and politicians didn’t sell out middle class Americans by giving incentives for companies to ship jobs overseas.

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