Tuesday, September 6, 2011

Americans Unaware Of Income Inequality Surge

PBS NewsHour's first chapter on income inequality in America opened with Warren Buffet speaking about his recent patriotic call for the wealthy to pay their fair share of taxes–which outraged, of course, Fox News and the oil magnate and right-wing activist Charles Koch. Regardless, income inequality in the U.S. is surging to the point that it is worse than Uganda's and similar to that of the Ivory Coast and Pakistan, and a threat to democracy. Yet most Americans are unaware of the extent of inequality. A NewsHour correspondent took a survey regarding the distribution of wealth. No one, except for “two presumably low-income workers,” suspected that that the richest one-fifth owns 84 percent of the nation’s wealth. In fact, the share of national income that has gone to the upper 0.1 percent has risen by 10 percent over 30 years. Watch:

These findings confirms Buffet’s statements that the rich have won the class war, and that they should pay more taxes to the country to which they "owe their good fortune."


Jon R., editor of the Oracle said...

Sad to say, but I think you could have just titled this post as simply "Americans Unaware".

It seems as though many in this country are unaware of geography, history, politics, economics, social issues, and the list can go on.

Sadder still, many of these people trot off to the polls and vote - while being unaware.

Jeff Tone said...

Jon, the very fact that there are so many who are unaware means that someone like Rick Perry can be counted as a serious candidate. We have the unaware voting for the unaware.

Jon R., editor of the Oracle said...

Now that transcends sad. That's scary!