Tuesday, January 25, 2011
COFFEE BREAK 243
+ THE CLASS WAR LAUNCHED BY AMERICA'S WEALTHIEST IS GETTING MORE SAVAGE. How can we stop this dangerous and disturbing trend? One thing I need to do is stop blaming others for this and simply point out the facts and find ways to inform and motivate.
Spirituality and Practice offers "The Class War Launched by America's Wealthiest Is Getting More Savage" by Frederic and Mary Ann Brussat. Excerpt: "In an article for Alternet.org, Larry Beinhart, author of Wag the Dog, ponders the meaning of the United States's move toward higher and higher levels of income inequality. In 1962, the wealthiest 1 percent of American households had 125 times the wealth of the median household. Now it's 190 times as much.This rising tide is not lifting all boats. While college students are sinking into debt, many middle-class families are homeless, and children from low-income families have only a 1 percent chance of reaching the top 5 percent of income distribution. Meanwhile, corporate profits are up 106.7 percent and CEO compensation is up 282 percent. Beinhart calls that class warfare. Tula Connell predicts that if things continue as they are right now, the United States by 2043 will have the same income inequality as Mexico. This widening economic inequity is something to be taken very seriously. One of the possible ways out is the idea and the ideal of the commons as a way of reinventing politics and working for the common good."
Spirituality and Practice offers "The Class War Launched by America's Wealthiest Is Getting More Savage" by Frederic and Mary Ann Brussat. Excerpt: "In an article for Alternet.org, Larry Beinhart, author of Wag the Dog, ponders the meaning of the United States's move toward higher and higher levels of income inequality. In 1962, the wealthiest 1 percent of American households had 125 times the wealth of the median household. Now it's 190 times as much.This rising tide is not lifting all boats. While college students are sinking into debt, many middle-class families are homeless, and children from low-income families have only a 1 percent chance of reaching the top 5 percent of income distribution. Meanwhile, corporate profits are up 106.7 percent and CEO compensation is up 282 percent. Beinhart calls that class warfare. Tula Connell predicts that if things continue as they are right now, the United States by 2043 will have the same income inequality as Mexico. This widening economic inequity is something to be taken very seriously. One of the possible ways out is the idea and the ideal of the commons as a way of reinventing politics and working for the common good."
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment