Monday, November 8, 2010

On the Widening Gap Between Rich and Poor, July 8, 2010

The full story is even worse than what is revealed here. Constant calls for further diminishment of taxes, even in the context of historically low federal tax rates for the affluent, while at the same time income is concentrated in their hands. See below.

http://www­.businessi­nsider.com­/15-charts­-about-wea­lth-and-in­equality-i­n-america-­2010-4#the­-gap-betwe­en-the-top­-1-and-eve­ryone-else­-hasnt-bee­n-this-bad­-since-the­-roaring-t­wenties-1

As long as the collective voice of wealthy individual donors and corporations is key to getting elected, we can all be sure those purchasing elections through their contributions will receive the public goods they seek - and stop the rest of us from doing so. Unfortunately, given the torpor of the American electorate, it seems likely things will get worse before we are sufficiently motivated to make them better in the only way that will ever really count: campaign finance and election reform.

No comments:

Post a Comment