those who don't know history are doomed to repeat it......

I came across some interesting statistics from a specific decade in American history. They sound frighteningly familiar......

*Government spending grew three times larger than revenues

*Organized labor declined. The United Mine Workers membership dropped from 500,000 to 75,000. The AFL membership dropped from 5.1 million to 3.4 million

*1,200 mergers swallowed up more than 6,000 previously independent companies

*The top income tax rate was cut from 73% to 25%

*1% of Americans accumulated 40% of the wealth.

*The bottom 93% of Americans saw real disposable income decline 4%

*Individual worker productivity increased 43% during the decade, but the rewards went to the top. The number of individuals making more than $500,000 increased by 1000%, but that was still only 1% of the population

*Conservative Supreme Court overturns progressive legislation, like child labor and minimum wage laws

*The stock market sees an incredible rise. In one year alone, the average price of stocks went up 40%, but the boom is mostly artificial, and is not reflected in the rest of the economy

Any of this sound familiar? This is not a history of present day America. These are all events that happened during the 1920's, the decade that preceded the Great Depression.

Have a nice day.