Profits At Largest 500 Corporations Grew By 81 Percent In 2010

http://thinkprogress.org/2011/05/05/fortune-500-corporations-81/

One of the dominating justifications that the right uses for its economic policies is that lowering taxes and regulations on society’s wealthiest members and big businesses will cause an explosion of wealth that will eventually “trickle down” to the vast majority of Americans. Yet while a record number of Americans are receiving some form of government assistance as unemployment remains high and the economy is in shambles, one group is doing very well: corporate America. The 2011 Fortune 500 list was unveiled today, surveying the growth and profits of the nation’s largest 500 corporations. It found that the profits of these companies “soared 81%″ over the past year, causing the editors of Fortune to say that “we’ve rarely seen such a stark gulf between the fortunes of the 500 and those of ordinary Americans”:

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