At what point will the growing economic inequality of the USA will create a political movement?
Labor Department data shows the U.S. Gini Coefficient is rising. If the current trend continues, then the American income gap will resemble that of Mexico ...
I do believe that we are already at the point. The less fortunate are seeking more and more assistance from governmental agencies. The fortunate are seeking more and more ways to avoid paying for excessive taxes.
You need money or enough money to have where withall at least be able to create a for-mail " pun intended " political movement.
Looking at the chart - the 1930's Great Depression was a result of the Stock Market Crash is similair to the rampant oil speculation of today.
Occupy Wall Street may just be the beginning of such a political movement. They will need to be organized and motivated to succeed. Somehow I don't think that will happen. They are the product of too much government.
Although you asked your question 5 months ago it has appeared again today. The simple answer is now people are at the tipping point now where many have more costs than they do income. We are called the 99% and we are occupying various financial centres around the world peacefully. If you want to read further then check out my most recent hubs. Hope this helps Josh.
by ptosis 17 months ago
American Airlines CEO Doug Parker knows he has a ‘huge problem’ with allergic reactions to the new uniforms.Has anybody considered that the cause is the fiber itself? BtCotton causes rashes. GMO cotton should be banned. Women working in cotton fields had complained of rashes in India. Farmers...
by S.P. Kelly 4 years ago
What did the "Occupy" Movements accomplish?It was a major event in NY, spreading like fire all over the country. But did it achieve anything for it's supporters? If yes, what? If no, why not?
by icv 2 years ago
Do you think, the political system is the force behind expanding wealth inequality?Thomas Picketty's book says, the existence of inequality is widening day by day. What you think on that?
by Holle Abee 5 years ago
To Obama, I'd say to be more engaged and show a little more passion. Act like you WANT to be POTUS for 4 more years.To Romney, I'd say, "Calm down!" I thought he did a good job in the last debate, but at times, he seemed almost manic. I'd also tell both to be completely truthful, but that...
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