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The National Consensus to End Wealth Inequality Builds


Business  (tags: wealth, economics, economic inequality, capitalism )

Freya
- 156 days ago - alternet.org
As more people recognize the unfair economy created by big finance capitalism, they are pushing forward with alternatives.



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Comments

Gloria picchetti (286)
Monday March 24, 2014, 6:17 am
I doubt it inequality will be evened out in my lifetime.
 

Lois Jordan (55)
Monday March 24, 2014, 3:00 pm
Noted. Thanks, Freya. The bubble that Congress seems to be living in must be quickly popped by us, their Constituents---who are also their employers. Something is seriously wrong when 90% of Americans polled last year want their members of Congress to pass more gun restrictions.....and then absolutely NOTHING is passed.
It has been said that "we are the 99%" and want drastic changes to the wealth inequality....so, what do they do?...reduce food stamp benefits and don't extend unemployment benefits. But the massive subsidies and tax benefits to dirty energy companies?....still there. I could go on about different issues not being addressed that should be--like jobs....where are the jobs? And where is the increase in the minimum wage? Our members of Congress no longer speak for the majority of their constituents--so obviously there has been a coup. What do we do now?
 

Elizabeth M. (66)
Monday March 24, 2014, 4:09 pm
Noted and read with great interest Freya. One thing for sure there is too much money involved in politicians, and once paid, and win, they have to toe the line to their benefactors. The division of the wealthy and the poor is so great now, that In my opinion there will be a up-rising in the not too distant future.
 

Kathleen R. (138)
Monday March 24, 2014, 4:17 pm
Noted & read. Thanks Freya for sharing a really good article.
 

Jane H. (133)
Tuesday March 25, 2014, 2:09 pm
noted
 

Birgit W. (144)
Tuesday March 25, 2014, 3:11 pm
Thanks for sharing Freya.
 

Syd H. (48)
Wednesday March 26, 2014, 3:41 am

We have to take back our dignity. Money is an imaginary construct we've all bought into. Mass insanity. Literally, the Emperor Has No Clothes. We have to stop believing.

 

S J. (116)
Wednesday March 26, 2014, 4:33 pm
It's not going to be like this forever.

Thanks Freya
 

Mitchell D. (130)
Wednesday March 26, 2014, 6:53 pm
I fervently hope a very broad consensus is growing, indeed.
It needs to be color and race blind. It needs to go where M.L. King's "Rainbow coalition " never got to go, fully inclusive.
I emphasize this because the system in which we live developed in a way that has long been able to conquer and divide
In Howard Zinn's "A People's History of the United States," he quotes Morton Horowitz's "The Transformation of American Law," wherein Horowitz claims that "By the middle of the nineteenth centurythe legal system had been reshaped to the advantage of men of commerce and industry at the expense of farmers,workers,consumers, and other less powerful groups within the society...it actively promoted a legal redistribution of wealth against the weakest groups in society."
Any of you reading this, and familiar with my comments about politics, may recognize in this quote, my point of view about St. Reagan, and Bubba Bush.
I have often said that Reagan kicked this redistribution into high gear, and that Nixon, had helped it along, but I did not understand just how much it had been solidified much earlier, until i read that passage, just yesterday.
 

Freya H. (304)
Wednesday March 26, 2014, 7:43 pm
You said it, Mitchell! We need a new Populist movement in this country, one that will restore power to Hoi Polloi. The task at hand may seem daunting, but did that discourage the Suffragettes? Rosa Parks? The Rev. Dr. King? Mohandas Gandhi? Et cetera, et cetera, et cetera?
 

A F. (130)
Wednesday March 26, 2014, 8:34 pm
thank you
 

Dan Nickerson (178)
Wednesday March 26, 2014, 11:13 pm
Change will come about when people rise up and demand it.
 

Rehana VN (0)
Thursday March 27, 2014, 4:53 am
Thanks!
 

marie Taylor clarke (166)
Thursday March 27, 2014, 6:26 pm


Gloria is so right
 

Fi T. (16)
Friday March 28, 2014, 6:11 am
The road to true equality to treasure every precious life
 

Kerrie G. (135)
Friday March 28, 2014, 7:53 am
Noted, thanks.
 

Roger Garin-michaud (61)
Friday March 28, 2014, 1:52 pm
noted, thanks
 

lisa O. (6)
Friday March 28, 2014, 2:40 pm
Great study and article. We must keep working on this and though equality will never be reached, we can make the gap smaller.
 

Jane H. (133)
Saturday March 29, 2014, 10:46 am
we must change this----VOTE Democratic!
 

june t. (65)
Saturday March 29, 2014, 4:41 pm
I doubt I will see this in my lifetime but I hope change for the better happens.
 

Maria A. (12)
Sunday March 30, 2014, 6:14 am
Greed. Rid a person of greed and you have a civilized person. Greed makes monsters.

Thank you for the article.
 

Nancy M. (201)
Sunday March 30, 2014, 1:46 pm
Finally getting to comment. Some inequality is OK. Some people do work harder, some people do take more chances and thus earn greater reward, some have more ability, better education, and so on. But we can't keep increasing the inequality that we do have right now becuase we are approaching unsustainability.
 

Kit H. (174)
Sunday March 30, 2014, 2:09 pm
Some inequality is ok, but now it has way way way go overbroad:
“From 1979 to 2011, the average income of the bottom 99 percent of U.S. taxpayers grew by 18.9 percent, while the average income of the top 1 percent grew over 10 times as much—by 200.5 percent. Over the last three decades the wealth of the nation’s very richest 1% has grown ten times that of the average worker and over that time period that same tiny elite has captured more than half of the entire income increases, leaving the bottom 99% to divide the remaining gains.

“This is all based on a new state-level study, The Increasingly Unequal States of America: Income Inequality by State, which looks at how inequality has seized hold of the national economy both in the generation leading up to the great recession of 2008 and in the several years following where a so-called ‘recovery’ was experienced by the financial elite while the majority of U.S. population continues to claw its way back.”
 

Mary Donnelly (47)
Monday March 31, 2014, 4:37 pm
Thanks.
 

Betty Kelly (2)
Monday March 31, 2014, 5:50 pm
We can not have a strong, healthy econemy until the middle class is reestablished; Small weathly class, very small poor class, huge middle class.
 

Leanne B. (26)
Monday March 31, 2014, 7:18 pm
Thanks Freya. Lets hope it does get better for all.
 
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