American Greed: U.S. Income Gap Worse Than Egypt

Posted on July 14, 2011

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Blogs – Fayobserver.com – American Greed: U.S. Income Gap Worse Than Egypt. shocking…

According to reports:

Ten per cent of the total personal income in America was taken home by the top 0.1 per cent of earners in 2008 – the latest year for which figures are available.

The top one per cent took home more than a fifth of all personal income in the U.S.

Research suggests the reason for this extraordinary disparity is a huge rise in pay for company executives, the Washington Post reported.

The gap started widening during President Reagan, to the surprise of no one who knows a little recent U.S. history. Reagan slashed the top tax rates and no one in either political party even debates going back to anything near that level of taxation for the wealthy.

The fight these days is over the scraps.

oh yeah and dont forget:

The rich also made it through the financial meltdown better than the rest of us – which makes sense, considering Wall Street got a no-strings bailout while drowning homeowners got eviction notices

want an example of how it’s blatant greed?

Look at our CEO guy here at Cape Fear – he’s rolling in it ($700,000+ year compensation), while his employees are being directed to drop spouses from their benefits coverage.

i’m not sure what else we expect from a society that is founded on an incredible sense of entitlement to take all you can at any expense to other people.

I also don’t think that it’s smart to only look at these CEOs and people on wall street and our OUTRAGEOUS “defense” budget when we’re talking about people hoarding wealth and creating a wider income gap and/or lack of social services.  Yes, they do need to be highlited.  But what about the entertainment industry?  Athletes, musicians, movies, etc. all rake in billions of dollars a year… how much do ppl who entertain us really  need to be paid?  Why do we feed into it? I think that should be explored a little more.

Also, it doesn’t help when the people who make the most money are also the people who create the rules… just sayin.

It also doesn’t help when we fail to realize that change begins within.

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