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vulgarboatman discovered 47 months ago
WEALTH INEQUALITY IN 21ST CENTURY THREATENS ECONOMY AND DEMOCRACY
ketogah rated 11 months ago
Wealth inequality threatens economy and democracy
hamishk rated 12 months ago
Since the late 1970s wealth inequality, while stabilizing or increasing slightly in other industrialized nations, has increased sharply and dramatically in the United States. While it is no secret that such a trend is taking place, it is rare to see a TV news program announce that the top 1% of the U.S. population now owns about a third of the wealth in the country. Discussion of this trend takes place, for the most part, behind closed doors."
bswen79 rated 13 months ago
This is a must read... ... As always, America's economic trends have a global footprint--and this time, it is a crater. Today the top 400 income earners in the U.S. make as much in a year as the entire population of the 20 poorest countries in Africa (over 300 million people). But in America, national leaders and mainstream media tell us that the only way out of our own economic hole is through increasing and endless growth--fueled by the resources of other countries.
commerican rated 15 months ago
World economists predict what some have been saying all along.
CharlesHB rated 33 months ago
From the page: "Today the top 400 income earners in the U.S. make as much in a year as the entire population of the 20 poorest countries in Africa (over 300 million people)."
Soul-Stimulator rated 34 months ago
From the page: "According to economic journalist, David Cay Johnston, author of %u201CPerfectly Legal,%u201D this trend is not the result of some naturally occurring, social Darwinist %u201Csurvival of the fittest.%u201D It is the product of legislative policies carefully crafted and lobbied for by corporations and the super-rich over the past 25 years."
ColinsFreakinDad rated 34 months ago
Would that there were a proposed solution to this growing inequality.
CHE123 rated 35 months ago
From the page: "THE GLOBAL IMPACT As always, America's economic trends have a global footprint-and this time, it is a crater. Today the top 400 income earners in the U.S. make as much in a year as the entire population of the 20 poorest countries in Africa (over 300 million people). But in America, national leaders and mainstream media tell us that the only way out of our own economic hole is through increasing and endless growth-fueled by the resources of other countries."
tadpole2180 rated 37 months ago
From the page: "Today most economists, regardless of their political persuasion, agree that the data over the last 25 to 30 years is unequivocal. The top 5% is capturing an increasingly greater portion of the pie while the bottom 95% is clearly losing ground, and the highly touted American middle class is fast disappearing. According to economic journalist, David Cay Johnston, author of %u201CPerfectly Legal,%u201D this trend is not the result of some naturally occurring, social Darwinist %u201Csurvival of the fittest.%u201D It is the product of legislative policies carefully crafted and lobbied for by corporations and the super-rich over the past 25 years."
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