I encourage you to watch the 6 minute video completely and keep an open mind.
I do understand this topic has been discussed thoroughly already, but I think it is interesting how it samples the perception of the issue by the American people.
Wealth Inequality in America - YouTube
As you sit on your computer, with your AC blowing, cable television in the background, bitching about wealth inequality, ask yourself: do you have a real point to make?
Yes, things are worse now then ever before. The twenties wealth dissparity, nothing compared today. The fifties? No.
In the mind of a leftist, there is no worse time than today. Tomorrow is imminent destruction and apocolypse, and today is doom.
I am below to poverty line. I am sitting on my Ipad, with the AC blowing, watching my flatscreen 50 inch TV with my dog laying next to me. I am content with my life, working for more. Why I can be content and you and the millions of immature ******* bitches like you can not is the reason you will never be anything more than you already are.
What you either cannot or will not understand is there are many millions of your fellow Americans who not long ago were as content as you and I and many others but have since, through no fault of their own, become unemployed or "under-employed" and are either homeless or on the verge of that. And even if the misfortune of so many others is not a sympathetic concern, you need to understand the unfortunate circumstances of so many others can, and eventually will, catch up with and affect you and me unless something radical is done to correct the situation.
What the corporatist propagandists like Limbaugh, Hannity, et al, don't tell you is the health of a nation's economy depends heavily on
circulation of the nation's wealth resource. Circulation is caused by people
spending money. The more spending, the greater the circulation. Ordinary people spend most of their money. Rich people
hoard most of theirs. The more they have, the more they hoard. This impedes circulation and slows the economy.
Ronald Reagan introduced
Supply Side economics, which is the same scam Milton Friedman foisted on the people of Chile when he became Augusto Pinochet's economic advisor -- and I'll assume you know what happened to that country as the result. This so-called "trickle down" system in fact serves to gradually
siphon up the wealth of a nation to the coffers of a tiny percentage of well-positioned individuals -- the
One Percent in the U.S. example.
The fact is the Keynsian
Demand Side system, which attended the most prosperous and productive years in our history ('40s to '80s) involves higher taxes on upper class hoarders and distributes more of the Nation's wealth resource to the middle class -- who
spend it, thereby maintaining healthy
circulation. If we can't reverse the trend commenced by
Reaganomics, put an end to exporting American jobs, impose serious tariffs on import products, and impose appropriate taxes on the money hoarders, then you and I stand an excellent chance of being affected by the same misfortune as those whom you seem content to ignore.