"All that is necessary for the triumph of evil is that good men do nothing." Edmund Burke

 

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Prosperity for All Americans

Is that so scary!!! To some YES!!!
 

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Economy and Inequality

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 The Distribution of US Wealth, Capital Income and Returns since 1913

Is rising inequality purely a labor income phenomenon?
Income inequality has increased sharply since the 1980s yet surveys show modest increase in wealth concentration One possible explanation: rising inequality is a pure labor income
phenomenon
- Rise in top incomes due to top wage earners/entrepreneurs only
- The working rich may not have had enough time to accumulate
- Or they may have low saving rates, face very high tax rates, give a lot to charities, have low returns on their assets ... preventing them from accumulating large fortunes
Is this view well-founded? Our answer is \No  To Read pdf file, click here
 

 

 The State of Working America’s Wealth, 2011 Through volatility and turmoil, the gap widens

The deflation of the housing bubble which started in 2006 pushed the U.S. economy into recession by the end of 2007. As house prices fell and already low equity (due to second mortgages) vanished, foreclosures and “upside down” mortgages, in which homeowners owe more on their mortgages than their homes are worth, became a vicious cycle. Given the reliance of typical families on housing as a source of wealth, the housing debacle has devastated the net worth of millions of American households.

The Great Recession officially lasted from December 2007 through June 2009—the longest span of recession since the Great Depression. The recovery since then has proceeded on two tracks: one for typical families and workers, who continue to struggle against high rates of unemployment and continued foreclosures, and another track for the investor class and the wealthy, who have enjoyed significant gains in the stock market and benefited from record corporate profits.  To Read pdf file, click here
 

 

 

Two billion poor, one billion hungry

More than 2.2 billion people are “either near or living in poverty,” according to the United Nations Development Report released July 24.The study also found that about 1.2 billion people survive on the equivalent of $1.25 or less a day, while 12 percent of the world’s population (842 million people) suffer from chronic hunger.

These conditions of global suffering and deprivation are not due to any absolute shortage of resources. The world economy produces enough to provide a decent standard of living for every man, woman and child. But the distribution of wealth makes this impossible: the 85 wealthiest people in the world own as much as the 3.5 billion poorest people combined.  To Read more, click here


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As Americans, we can do better.  We need to strive for excellence and a better way of life for our children!!!!
 

 

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"Never doubt that a small group of thoughtful, committed citizens
can change the world. Indeed, it's the only thing that ever does."
 -Margaret Mead