Wednesday, October 26, 2011

The 1 Percent Has Nearly Tripled Its Share of America's Income - Politics - GOOD

For years people have been complaining that the rich are getting richer while the poor are getting poorer. This is what I think the "Occupy" movements are about just like the riots in the UK and France the last couple of years.

For more than a month now, Occupy Wall Street supporters have been camping in lower Manhattan to voice their dissatisfaction with, among other things, America's mind-boggling income inequality. Though they've faced criticism from naysayers all along the way, it turns out that the protesters' grievances aren't just figments of their collective imagination after all: In the past three decades, the richest 1 percent of Americans have seen their share of the U.S. income grow by 275 percent since 1979, according to a new study from the nonpartisan Congressional Budget Office. In comparison, the poorest 20 percent had only an 18 percent increase. Never again should anyone ever ask, "What is Occupy Wall Street so angry about?"

Read the whole article at the following link

The 1 Percent Has Nearly Tripled Its Share of America's Income - Politics - GOOD
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  1. So the OWS movement is angry that people make money? Or that people can make a lot of money?


    DO they think we shouldn't make money?

  2. No. People are angry because people can't afford afford medical treatment, can't find jobs, or have a share in the wealth the help build yet they are working and playing by the rules.

  3. Marcus, these people aren't working. They're in parks complaining that no one is giving them money. I go to work every day to make money. I understand that I have to start at the bottom and work my way up. I'm not in a park smelling like urine complaining that I'm not making 60 grand a year.

    No one is keeping these people from getting jobs. No one made these people take out massive student loan debt.

    The difference between these people and the tea party is that these people want to destroy the wealth creating system we're in, while the tea partiers want to conserve it, and get the government out of the way.