The extent of income inequality in America

March 27, 2013 | By | Reply More

“The numbers in this Alternet article are shocking. We are well on our way to having a country of very poor Americans ruled over by very rich Americans.

Some would say, what are you proposing, COMMUNISM? No, just end the current corporate communism (privatized profits, socialized risks). We need go back to something like the tax codes of prior decades, and consider the other suggestions in the above article as well as the basic principles announced by Dylan Ratigan in his famous rant.

Why should it matter to those who are still reasonably well off that there is a stark growing divide between rich and poor Americans? Because social science has demonstrated the clear correlation between income inequality and societal dysfunction.

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Category: Corporatocracy, Economy, income disparity

About the Author ()

Erich Vieth is an attorney focusing on consumer law litigation and appellate practice. He is also a working musician and a writer, having founded Dangerous Intersection in 2006. Erich lives in the Shaw Neighborhood of St. Louis, Missouri, where he lives half-time with his two extraordinary daughters.

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