America currently is afflicted with a systemic societal disease that is spreading across the body of this country. That societal disease of which I speak is the massive inequality of wealth and income that exists in America and has, in effect, created two separate and distinct societies within our nation.
America has now earned the dubious distinction of having the largest inequality of wealth and income among all the other 31 developed nations in the world. Here is an article that illustrates just how great this problem has become, its causes, and what must be done to bring its rampant growth under control. One of the most egregious conditions involved with this inequality is that the lion's share of all new income, 90% or more, is going directly to the top 1% and the rest of America is being shut out.
For those who question and doubt the seriousness of this problem check out this article that goes into great detail about all the many things it is doing to damage this country and its people.
Economists who study these types of problems warn that this is a condition that, if allowed to continue to escalate, will eventually have devastating effects on the U.S. economy. One thing for sure; you can't continue to lower the incomes and suck the lifeblood out of the American people and still expect them to continue buying the products and services that fuel this economy.
Here are words that describe the state of mind of the richest Americans who live in the minority of our society; that want for nothing and who strive to accumulate more wealth: comfortable, content, confident, optimistic, fulfilled, and relentless in their quest to improve their already high level quality of life. It's a very good state of mind, things are looking up, the future is bright, and the arrow of opportunity points straight up.
The ultra-rich in America have the best of the best. Their most difficult decisions involve choosing the gated community and the mansion in which to live, deciding whether to buy a Mercedes or a BMW, and which country club to join. These are, of course, very stressful, agonizing choices but somehow they find a way to manage.
Technically, these Americans at the top don't have a worry in the world unless they develop a very serious medical condition; but if they do, they have access to the best doctors and hospitals and have no trouble paying the bills, no matter how large.
(Note: You can view every article as one long page if you sign up as an Advocate Member, or higher).
2
2
