PAT GARAFALO – Income inequality in the U.S. is currently the highest its been since the 1920s, with the 400 richest Americans (who are all billionaires) having as much wealth as the bottom 50 percent of Americans combined. And as it turns out, just one wealthy family has managed to amass a fortune equal to that of the combined net worth of the bottom 30 percent of Americans — the Waltons, heirs to the Walmart fortune
Tag: wealth
Despite Bombings & Beheadings, Stats Show a Peaceful World
SETH BORENSTEIN – It seems as if violence is everywhere, but it’s really on the run. Yes, thousands of people have died in bloody unrest from Africa to Pakistan, while terrorists plot bombings and kidnappings. Wars drag on in Iraq and Afghanistan. In peaceful Norway, a man massacred 69 youths in July. In Mexico, headless bodies turn up, victims of drug cartels. This month eight people died in a shooting in a California hair salon. Yet, historically, we’ve never had it this peaceful.
Does ‘Political Disobedience’ Describe the Occupy Movement?
BERNARD E. HARCOURT – Our language has not yet caught up with the political phenomenon that is emerging in Zuccotti Park and spreading across the nation, though it is clear that a political paradigm shift is taking place before our very eyes. It’s time to begin to name and in naming, to better understand this moment. So let me propose some words: “political disobedience.â€
5 Facts You Should Know About the Wealthiest One Percent of Americans
ZAID JILANI – It may shock you to learn exactly how wealthy this top 1 percent of Americans is.
As the ongoing occupation of Wall Street by hundreds of protesters enters its third week — and as protests spread to other cities such as Boston and Los Angeles — demonstrators have endorsed a new slogan: “We are the 99 percent.†This slogan refers to an economic struggle between 99 percent of Americans and the richest 1 percent of Americans, who are increasingly accumulating a greater share of the national wealth to the detriment of the middle class.