Saturday, January 15, 2011

Why You Should Feel Cheated, Deceived and Sickened by America's Stunning Inequality

Why You Should Feel Cheated, Deceived and Sickened by America's Stunning Inequality, Even If You're Doing Well By Paul Buchheit

"The massive redistribution of income from the middle classes to the rich over the last 30 years is like a malignant tumor that doesn't appear on the surface but eventually destroys the whole body.

...

only the top 5 percent of American families increased their percentage of the country's total household net worth from 1983 to 2007. So unless you make $160,000 or more, your household value has decreased, percentage-wise, over the last 25 years. Taxing the 1 percent of America responsible for all this is not "soaking the rich." The soaking has already been done, in the opposite direction. The inequality caused by this sickening theft and deception is not just a plague on poor people -- at least 90 percent of us should be feeling it, and fighting back."


If you've been following this situation, then you know this isn't the only such article.


Bill

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