In any nation all wealth flows to either labor (i.e., workers), management (i.e., executives), or capital (i.e., Wall Street). Lately, management and capital have been increasing their share.
In fact, the wealthiest 1 percent have never had it so good. Their share of America’s income is the highest it’s been since 1929. Their taxes are the lowest in two decades. Taxing the top 1% a minuscule 1% more would pay for universal healthcare for everyone–but that would benefit the masses (labor) and therefore can’t be allowed! (Source.)
According to a Wall Street Journal analysis of Social Security Administration data, more than one-third of all pay in the U.S. now goes to executives and other highly-paid employees:
Executives and other highly compensated employees now receive more than one-third of all pay in the U.S., according to a Wall Street Journal analysis of Social Security Administration data — without counting billions of dollars more in pay that remains off federal radar screens that measure wages and salaries. Highly paid employees received nearly $2.1 trillion of the $6.4 trillion in total U.S. pay in 2007, the latest figures available. The compensation numbers don’t include incentive stock options, unexercised stock options, unvested restricted stock units and certain benefits.
Between 1979 and 2006, the inflation-adjusted after-tax income of the richest 1 percent of households increased by 256 percent, compared to 21 percent for families in the middle income quintile. (Source.)
It’s dominance of the few over the many.