America Has Woken Up to the Reality: Inequality Matters

Discussion in 'Media' started by hvactec, Jan 18, 2012.

  1. hvactec
    Offline

    hvactec VIP Member

    Joined:
    Jan 17, 2010
    Messages:
    1,315
    Thanks Received:
    106
    Trophy Points:
    83
    Location:
    New Jersey
    Ratings:
    +132
    While police have cleared many Occupy encampments, a collective cry, loud and clear, has gone up from countless voices across the country: Enough's enough.

    If you’re part of the one percent, even getting fired comes
    with a cushion made of eiderdown. GMI, a research company that gets paid to

    keep an eye on such things, just issued a study headlined, “Twenty-One U.S. CEOs with Golden Parachutes of More than $100 Million.” That’s each.

    The report’s authors, Paul Hodgson and Greg Ruel, write, “These 21 CEOs walked away with almost $4 billion in combined compensation. In total, $1.7 billion in equity profits was realized by these CEOs, primarily

    on the exercise of time-vesting stock options and restricted stock.”

    This news came the same day as another report, this one from Indiana University, titled, “At Risk: America’s Poor during and after the Great Recession.” Its researchers conclude, “The number of people living in poverty is increasing and is expected to increase further, despite the recovery. The proportion of people living in poverty has increased by 27% between the year before the onset of the Great Recession (2006) and 2010… Poverty is expected to increase again in 2011 due to the slow pace of the economic recovery, the persistently high rate of unemployment, and the long duration of spells of unemployment.”

    In fact, the white paper finds that we now have the largest number of long-term unemployed people in the United States since records were first kept in 1948 – four million report they’ve been unemployed for more than a year. Not necessarily counting the former CEO’s gently floating to earth from those golden parachutes.

    So no, Mitt Romney, when we say that Americans are waking up to the reality that inequality matters, we’re not guilty of “envy” or “class warfare,” as you claimed to Matt Lauer on NBC’s Today. Nor are we talking about everybody earning the same amount of money – that’s the straw man apologists for inequality raise whenever anyone tries to get serious.

    We’re talking what it takes to live a decent life. If you get sick without health coverage, inequality matters. If you’re the only breadwinner and out of work, inequality matters. If your local public library closes down and you can’t afford books on your own, inequality matters. If budget cuts mean your child has to pay to play on the school basketball team, sing in the chorus or march in the band, inequality matters. If you lose your job as you’re about to retire, inequality matters. If the financial system collapses and knocks the props from beneath your pension, inequality matters.

    Neither one of us grew up wealthy, but we went to good public schools, played sandlot ball at a good public park, lived near a good public library, and drove down good public highways – all made possible by people we never met and would never know. There was an unwritten bargain among generations: we didn’t all get the same deal, but we did get civilization

    Now the bargain’s being shredded. The people we met from Occupy Wall Street get it—you could tell from their slogans. One of the younger protesters wore a t-shirt emblazoned with the words: “The system’s not broken. It’s fixed.” That’s right – rigged. And that’s why so many are so angry. Not at wealth itself. But at the powerful players who win by fixing the game instead of by honest competition; at the crony capitalists who resort to tricks, loopholes, and cold cash to make sure insiders prosper – and then pull up the ladder behind them.

    read more America Has Woken Up to the Reality: Inequality Matters | Take Action | AlterNet
     
  2. Unkotare
    Offline

    Unkotare Diamond Member

    Joined:
    Aug 16, 2011
    Messages:
    61,558
    Thanks Received:
    4,891
    Trophy Points:
    1,815
    Ratings:
    +11,900
    You whiny little leftist bitch.
     
  3. editec
    Offline

    editec Mr. Forgot-it-All

    Joined:
    Jun 5, 2008
    Messages:
    41,427
    Thanks Received:
    5,598
    Trophy Points:
    48
    Location:
    Maine
    Ratings:
    +5,618
    Capitalism is based on economic inequality being within a range that works.

    When the balance gets too far in one directoion or the other, the system bogs down.

    It can bog down, incidently if the workers have too much or if the captialist have too much.

    Right now the capitalist have too much in comparison to the working classes.
     
  4. CrusaderFrank
    Offline

    CrusaderFrank Diamond Member

    Joined:
    May 20, 2009
    Messages:
    81,269
    Thanks Received:
    14,921
    Trophy Points:
    2,210
    Ratings:
    +37,078
    Democrats are economically to the left of real Communists, they left you hanging alone on the lunatic fringe
     
  5. whitehall
    Offline

    whitehall Gold Member

    Joined:
    Dec 28, 2010
    Messages:
    27,876
    Thanks Received:
    4,349
    Trophy Points:
    290
    Location:
    Western Va.
    Ratings:
    +10,857
    First of all we have to admit that financial inequality is the natural order of things. Some people have better ideas of producing and supplying goods and services and they should be compensated. We also have to agree that financial equality can only be achieved by government control of goods and services and that's Fascism. Here's an idea, why not try the new order of things according to OWS on the people who flaunt their wealth? Force Tom Cruise or Lady Ga Ga to accept the same salary as the chauffeur who drives them around or the cameraman. Let us know how you make out and we might try it on Wall Street.
     
  6. Truthmatters
    Offline

    Truthmatters BANNED

    Joined:
    May 10, 2007
    Messages:
    80,182
    Thanks Received:
    2,223
    Trophy Points:
    0
    Ratings:
    +2,233
    history shows when this gets too far out of balance the people revolt.
     
  7. Unkotare
    Offline

    Unkotare Diamond Member

    Joined:
    Aug 16, 2011
    Messages:
    61,558
    Thanks Received:
    4,891
    Trophy Points:
    1,815
    Ratings:
    +11,900
    Knock yourself out.
     
  8. MaryL
    Offline

    MaryL Gold Member

    Joined:
    Dec 30, 2011
    Messages:
    6,963
    Thanks Received:
    1,427
    Trophy Points:
    245
    Location:
    Midwestern U.S.
    Ratings:
    +3,968
    There are people like Steve Jobs or Thomas Edison, then there are people like Bernard Madolf or Jeffrey Skilling. When profits are made by bankrupting or closing American factories, I don't give a darn anymore about theoretical economics or capitalism. This reminds me of the French revolution, we of the fifth estate can rise up. Equity and fairness in economics had better become a NEW reality. History can and does repeat itself.
     
    • Thank You! Thank You! x 2
  9. PredFan
    Offline

    PredFan Gold Member

    Joined:
    Oct 13, 2011
    Messages:
    29,226
    Thanks Received:
    4,428
    Trophy Points:
    290
    Location:
    In Liberal minds, rent free.
    Ratings:
    +11,658
    It makes me laugh every time these idiots call themselves the 99%. Nobody cares about them, they don't matter, they've accomplished nothing.

    The inequity is not caused by Capitalism, it is caused by government. IF Capitalism suffers, it's because of government. The answer to the problem isn't more government.
     
  10. whitehall
    Offline

    whitehall Gold Member

    Joined:
    Dec 28, 2010
    Messages:
    27,876
    Thanks Received:
    4,349
    Trophy Points:
    290
    Location:
    Western Va.
    Ratings:
    +10,857
    History shows that the US was created prospered for over 230 years under the capitalist system. History also shows that governments that create artificial economic equality do it at the point of a gun and they ultimately collapse under the weight of government corruption.
     

Share This Page