Share on Google Plus Share on Twitter Share on Facebook Share on LinkedIn Share on PInterest Share on Fark! Share on Reddit Share on StumbleUpon Tell A Friend 1 (1 Shares)  
Printer Friendly Page Save As Favorite View Favorites View Article Stats   No comments

OpEdNews Op Eds

The Disuniting of America

By (about the author)     Permalink       (Page 1 of 1 pages)
Related Topic(s): ; ; ; ; ; ; , Add Tags Add to My Group(s)

View Ratings | Rate It

opednews.com


The Bible doesn't say that money is the root of all evil -- rather, it condemns the love of money.

Today, that insidious love (taking the form of greed and excess) is celebrated in our country and has even exalted into official public policy, marring our economy with inequality and injustice. The reigning ethos of our nation's upper crust is that too much is not enough. They're not merely out to make loads of the money they love, but to make a killing, everyone else be damned.

New numbers from the Congressional Budget Office confirm that, as the moneyed elites have been making their killing, wealth disparity has become extreme in a country that once prided itself on trying to build a more egalitarian society.

Analyzing 30 years of income data, the non-partisan CBO reports that the richest one percent of our population has enjoyed a stunning 275 percent increase in their income during that time. As a result, these privileged few have more than doubled the slice of America's income pie that they consume, going from eight percent to 17 percent of the whole in just three decades.

From whom did these richest one-percenters get their extra-big slice? From us, the 99 percent. The share going to middle class and poor families shrank in this period, which is why there is such broad support today for Occupy Wall Street's "We are the 99%" movement.

At the tippy-top of America's wealth pyramid are the multimillionaire CEOs and billionaire Wall Streeters. They are the richest one-one-hundreth of the one-percenters (a mere 14,836 households). These few now take six percent of all U.S. income -- the biggest piece ever consumed by America's mega-rich.

The widening chasm between the rich and the rest of us is transforming our country from a society to a jungle -- and not even billionaires will enjoy living there.

 

Jim Hightower is an American populist, spreading his message of democratic hope via national radio commentaries, columns, books, his award-winning monthly newsletter (The Hightower Lowdown) and barnstorming tours all across America.

Share on Google Plus Submit to Twitter Add this Page to Facebook! Share on LinkedIn Pin It! Add this Page to Fark! Submit to Reddit Submit to Stumble Upon

The views expressed in this article are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Writers Guidelines

Contact Author Contact Editor View Authors' Articles

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

The Trans-Pacific Partnership is not about free trade. It's a corporate coup d'etat -- against us!

The Post Office is not broke -- and it hasn't taken any of our tax money since 1971

The plutocrats who bankrolled the GOP primaries -- and what they want in return

The Audacity of Greed

Citizens United Against Citizens United: A Grassroots Campaign to Restore Democracy

Newt's denouement

Comments

The time limit for entering new comments on this article has expired.

This limit can be removed. Our paid membership program is designed to give you many benefits, such as removing this time limit. To learn more, please click here.

Comments: Expand   Shrink   Hide  
No comments