Word: riche
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...Reagan boom, for all its success, has not distributed its benefits evenly. It is a theme Dukakis is stressing more and more in his campaign. "In the past seven years," he declares, "the rich have gotten richer, the poor have gotten poorer, and those in the middle -- that's most of us -- have gotten squeezed...
...growing through 15 years and four presidencies; it grew especially rapidly through the stagflation of the late 1970s. Bush's economic advisers argue that Reaganite prosperity has increased the inflation- adjusted incomes of all classes at least since the end of the 1982 recession. In other words, while the rich are indeed getting richer, the poor have stopped getting poorer...
True enough -- but not good enough. For while the gains made by the rich have been spectacular, those of the middle class have been barely sufficient, and those of the poor not quite sufficient, to get them back where they were twelve to 15 years ago. So the gap between rich and poor is still growing -- to its widest point in 40 years, according to the calculations of some liberal economists. And that trend is alarming. Whether or not it influences this year's election, it could, if it continues, threaten the American Dream itself...
...million millionaires (defined as someone who has a net worth of at least $1 million). Says California Democratic Congressman George Miller, who chairs a committee that deals with family problems: "We are creating a dumbbell. The poor are poorer, and there are more of them. The rich are richer, and there are more of them...
...being strangled by high taxation. Indeed, through most of the 1970s, wages rose less than prices but enough to push taxpayers into higher brackets. The double whammy of higher prices and higher taxes cut into the purchasing power of the middle class more than into that of the rich...