It might have taken a near-historic recession for many Americans to notice our country's rapidly rising levels of income inequality, but the gap between rich and poor has finally gone mainstream, with bloggers, economists and policymakers of all stripes spouting theories on why we should or shouldn't care.
"Economists are not sure how to fully explain the growing inequality in America," Nobel Prize-winning economist Joseph Stiglitz writes in a new piece for Vanity Fair this week. "But one big part of the reason we have so much inequality is that the top 1 percent want it that way."
A university recently did a survey showing people simple to understand pie charts showing wealth distribution. When asked to pick which one was the U.S. most people guessed wrong. They thought the real pie chart for the U.S. was from some 3rd world country controlled by a few rich people. The kicker was that the chart they thought should be the American economy was actually the socialist Scandinavian countries. The rich and the corporations have done a wonderful job of brainwashing the middle class.
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Join date : 2011-03-26
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