Monday, January 13, 2014

Inequality of Wealth in America


I watched these two videos today, and some things struck me that weren't mentioned in the second one. I'd never heard of three of the sources listed in the first one, although to anyone who listens to Rush Limbaugh, the "progressive" one is highly suggestive. The one of which I have heard is CNN. And we all know the way their political cookie crumbles.
The chart was crafted by a Harvard professor. Again, to anyone who listens to Rush Limbaugh (or anything the Harvard professors say,) enough said.
Who is that "one percent" in America, and who is the "one percent" for the world? Everyone always notices how much better off the American poor is than the, say, African poor, or how much better off the American rich are to the anywhere's poor, but no one ever seems to think about how elsewhere's rich might be even better off than America's rich. Just a thought.
Okay, I agree, we don't need to "go all the way to Socialism." What does going, presumably, part-way involve, and where does one decide to stop? Why there in particular?
What made you choose those sources?
On the other hand...
Humans are fallible. "Power corrupts, and absolute power corrupts absolutely."  Do CEOs make that much more than their average employee? I cannot say. Possibly. Possibly that was a biased exaggeration. I do know that greed is very common. Yes, we have some crooked CEOs. We have failing companies. But not every CEO is crooked, and not every company is failing.
Which brings me to another point - on what company was that figure based?
A Word From Senator Tim Scott (Notice: I did not write this webpage and don't know how long it will be up. If it expires or no longer matches the link text, please comment and inform me so I can remove it.)