Charts of the Day: Thatcher vs. Blair

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Here’s a fascinating little chart courtesy of Thomas Forth. It shows income inequality in the UK (on the vertical axis) vs. growth in disposable income (horizontal axis). Here it is for the poor:

In the go-go 80s under Thatcher, the poor made no progress at all. Under Blair, their disposable income increased from about £9,000 to £12,000. But what about the well-off? They probably did great under Thatcher and then got the shaft under Blair. Let’s look:

Under Thatcher, the well-off did indeed prosper. Incomes of the 95th percentile went up from £23,000 to £37,000. Under Blair they went up from £42,000 to £58,000.

So under Thatcher the poor got nothing and the well-off saw their incomes rise by about 60 percent. Under Blair, the poor did pretty well and the well-off saw their incomes rise by about 40 percent. Choose which country you’d rather live in.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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