Home > Uncategorized > Share of wealth in the United States

Share of wealth in the United States

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Source: http://politicsthatwork.com/graphs/share-of-wealth  

 

Source: http://gabriel-zucman.eu/uswealth/

 

 

 

  1. August 17, 2018 at 2:41 pm

    The world really doesn’t need any billionaires and I’m not sure we need multi-millionaires. Skewed wealth means the death of democracy.

  2. Helen Sakho
    August 18, 2018 at 3:40 am

    I agree. But, emerging markets need emerging billionaires with whom emerge a whole host of other tragedies emerge. Democracy has been dead for too long. That is why we need to democratise our teaching and our preaching.

  3. August 25, 2018 at 10:58 am

    Upton Sinclair described America during the early and mid-20th century. His muck-raking novels (which are best read as histories) dealt with food safety, job safety, yellow journalism (could really use his insights on this today), and the many dangers of capitalism and greed. He was clear about his feelings on the latter, commenting, “Fascism is capitalism plus murder,” “One of the necessary accompaniments of capitalism in a democracy is political corruption,” and “Wall Street had been doing business with pieces of paper; and now someone asked for a dollar, and it was discovered that the dollar had been mislaid.” Sinclair wrote about industrial America during the Progressive Era, (1890-1920), describing the “working man’s” and the “industrialist’s” roles and beliefs in that world. Novels such as King Coal (1917), The Coal War (published posthumously), Oil! (1927), and The Flivver King (1937) describe the working conditions of the coal, oil, and auto industries at the time. The Flivver King describes the rise of Henry Ford, his “wage reform”, and the company’s Sociological Department (managing the company’s large and diverse work force) to his decline into antisemitism as publisher of The Dearborn Independent. King Coal confronts John D. Rockefeller Jr., and his role in the 1913 Ludlow Massacre in the coal fields of Colorado. Sinclair was an outspoken socialist and ran unsuccessfully for public office as both a socialist and as a Democrat. Sinclair’s credentials for speaking about capitalism and the rich are impeccable. That’s what makes this comment by Sinclair compelling. “The rich people not only had all the money, they had all the chance to get more; they had all the knowledge and the power, and so the poor man was down, and he had to stay down.” Since 1975 when the situation Sinclair describes began getting worse, this sentence describes most every Republican and many Democratic politicians from Nixon to Ryan and Trump. Don’t let their smoke screens and histrionics (particularly Trump’s) fool you. The goal has not changed.

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