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USA Doesn't Realize How Badly It's Getting Screwed by the Top 0.1% Hoarding the Country's Wealth [View All]

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Octafish Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-15-11 10:00 AM
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USA Doesn't Realize How Badly It's Getting Screwed by the Top 0.1% Hoarding the Country's Wealth
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Tomorrow Is Never by Kay Sage



Americans Don't Realize Just How Badly We're Getting Screwed by the Top 0.1 Percent Hoarding the Country's Wealth

With an unprecedented sum of wealth held within the top one-tenth of one percent of the US population, we now have the most severe inequality of wealth in US history.


By David DeGraw
Amped Status/Alternet.org
August 14, 2011

With an unprecedented sum of wealth, tens of trillions of dollars, held within the top one-tenth of one percent of the US population, we now have the most severe inequality of wealth in US history. Not even the robber barons of the Gilded Age were as greedy as the modern-day economic elite.

SNIP...

The overwhelming majority of the US population is unaware of the vast wealth at hand. An entire generation of unprecedented wealth creation has been concealed from 99 percent of the population for over 35 years. Having never personally experienced this wealth, the average American cannot comprehend what is possible if even a fraction of the money was used for the betterment of society.

Given modern technology and wealth, American citizens should not be living in poverty. The statistics demonstrate that we now live in a neo-feudal society. In comparison to the wealthiest one-tenth of one percent of the population, who are sitting on top of tens of trillions of dollars in wealth, we are essentially propagandized peasants.

The fact that the overwhelming majority of Americans are struggling to get by, while tens of trillions of dollars are consolidated within a small fraction of the population, is a crime against humanity.

CONTINUED...

http://www.alternet.org/economy/152010/americans_don%27... /

I've become a big fan of Mr. DeGraw. He's doing a public service, chronicling the rabid Reverse Robin Hood of the last 30 years and its impact in the present day. That used to be the journalist's job to point out and government's responsibility to correct.
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