Againsheila
Gold Member
When I said the top 10% of our nation owns more wealth than the bottom 90% combined, it's actually the top 1%. That's ONE.
FDL News Desk » Goldman Sachs Vice-Chair: People Must “Tolerate the Inequality”
I cant speak for Britain, but here in America we have been tolerating the inequality for quite a while. In America, the richest 1% hold more wealth than the bottom 90% combined and are making the largest share of national income since right before the stock market crash in 1928. Executives receive one-third of all compensation in the US. Over the last five years, executives received a 48% increase while wages for everyone else were flat. The gap between the rich and the poor tripled between 1979 and 2006. And this trend has continued even during the current recession.
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I think it's passed time for the rest of us to stop putting up with our wealth being stolen from us while the super wealthy get even richer at our expense and the expense of our children. No country can long survive with the majority of it's wealth in the hands of a few. When are we, as Americans going to realize that and actually do something about it?
FDL News Desk » Goldman Sachs Vice-Chair: People Must “Tolerate the Inequality”
I cant speak for Britain, but here in America we have been tolerating the inequality for quite a while. In America, the richest 1% hold more wealth than the bottom 90% combined and are making the largest share of national income since right before the stock market crash in 1928. Executives receive one-third of all compensation in the US. Over the last five years, executives received a 48% increase while wages for everyone else were flat. The gap between the rich and the poor tripled between 1979 and 2006. And this trend has continued even during the current recession.
<<<
I think it's passed time for the rest of us to stop putting up with our wealth being stolen from us while the super wealthy get even richer at our expense and the expense of our children. No country can long survive with the majority of it's wealth in the hands of a few. When are we, as Americans going to realize that and actually do something about it?