It's the Wealth Gap, Stupid: Why the truly alarming economic trend is not income inequality

"In recent years, the fortunes of the Romneys and others in their cohort have continued to grow, notably diverging from the majority of Americans still struggling to deal with a slow economic recovery. The Occupy Wall Street protestors stole the media spotlight this past fall by creatively highlighting these discrepancies. President Obama has taken notice and, as reflected in his State of the Union address, is teeing up inequality as a major a campaign theme for the fall. But it is not enough to highlight the gap between incomes of the top 1 percent and the bottom 99. What’s more alarming—and consequential over the long haul—is the growing concentration of wealth.

Minority families now own a nickel for every dollar of their white counterparts.

There's an additional problem. When wealth is concentrated at the top, there are fewer resources available for everybody else to deploy. And in the aftermath of the Great Recession, we should recognize that the dynamics of inequality have fundamentally shifted."

http://motherjones.com/politics/2012/02/its-wealth-gap-stupid

Views: 33

Comment

You need to be a member of Occupy Cafe to add comments!

Join Occupy Cafe

Weekly Cafe Calls

Regular Calls are no longer being held.  Below is the schedule that was maintained from the Fall of 2011 through Jan 10, 2013.

Mondays
"Vital Conversations" 

8-10a PDT | 11a-1p EDT | 3-5p GMT 

Tuesdays (except 10/16)
"Connect 2012"

1-3p PDT | 4-6p EDT | 8-10p GMT


Thursdays
"Occupy Heart" 

3-5p PDT | 6-8p EDT | 10p-12a GMT

Latest Activity

Clay Forsberg posted a blog post

"Happy Birthday Occupy Wall Street ... thoughts on Year One"

Fifteen years ago, I ran across a book, "100 Most Influential People in History," during one of my dalliances to my local Marin County bookstore. "Influential People" was one man's assessment on exactly that. But how he determined his rankings was the interesting part. They weren't always the reasons you would think. But after thinking about it, they made complete sense. For example:George Washington was ranked in the top 40 of all time. Understandable. But the reason why ... not so much. You…See More
Sep 20, 2012
Clay Forsberg is now a member of Occupy Cafe
Sep 20, 2012
Vic Desotelle posted a group
Thumbnail

Leadership Ecology

When a Leadership Ecology occurs, a web of relationships emerges revealing each person’s authentic leadership qualities through the transfer of their power to others. When done in a conscious way – a shared collaborative awakening happens.See More
Feb 6, 2012
Vic Desotelle posted a blog post
Feb 3, 2012

Photos

  • Add Photos
  • View All

© 2024   Created by Occupy Cafe Stewards.   Powered by

Badges  |  Report an Issue  |  Terms of Service