In my post last night, I mentioned that plans were afoot in New York for some kind of mass action on Thursday. Well, over the past 24 hours, plans have solidified a bit. According to the Occupy Wall Street website, things will begin at 7:00 tomorrow morning, in Zuccotti Park, where protesters will try to […]
I read some terrible news today. According to new data released by the IRS, it looks like the incomes of non-wealthy Americans fell dramatically in 2009, “with total income down 15.2 percent in real terms since 2007.” It wasn’t all bad news today, though. It was also reported that the sale of high-end luxury goods […]
I’m doubtful that anything will happen tomorrow, but I suppose it’s a good thing that people are at least talking about the growing income disparity in America and the government’s role in making it happen. The following comes from Gary Roland, who is planning tomorrow’s protest in New York City’s financial district: WHEN: Occupation begins […]
I’ve read that the wealth disparity in America is greater than that in Egypt, where the masses just recently rose up and took back their country. Conventional wisdom seems to be that it can’t happen here, though. Americans, it’s thought, are a complacent bunch, as long as they have decent football to watch, an ample […]
In the current issue of Vanity Fair, Nobel Prize winning economist Joseph Stiglitz has an article on the detrimental effects of the widening wealth disparity in America. Here’s a clip: …It’s no use pretending that what has obviously happened has not in fact happened. The upper 1 percent of Americans are now taking in nearly […]
