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WEDNESDAY, OCTOBER 22, 2014 Income inequality has been on the rise for decades. In the last 30 years, the wages of the top 1% have grown by 154%, while the bottom 90% has seen growth of only 17%. As the rungs of the economic ladder move further and further apart, conventional wisdom says that it will become much more difficult to climb them. Opportunities for upward mobility—the American dream—will disappear as the deck becomes stacked against the middle class and the poor. But others see inequality as a positive, a sign of a dynamic and robust economy that, in the end, helps everyone. And contrary to public opinion, mobility has remained stable over the past few decades. If the American dream is dying, is it the result of income inequality? Or is disparity in income a red herring where more complex issues are at play?
originally posted by: BlubberyConspiracy
My question to the wealthy is, if the workers are poor because they aren't "risk takers" then why are the workers also held accountable for the fallout caused by the wealthy?
Why do we eat your lead, asbestos, cadmium.. Why do we pay for your mistakes, live in your trash and die for your cause?
Where's the risk?
Why isn't everyone flying high yet?
The whole system is designed to keep the wealthy wealthy. Sure, one or two mice can slip through the cracks with enough luck, or enough malice BUT..
With no disposable income and no equity in land most Americans cannot afford to "invest".
We have a a system where the equity of the slaves NEVER goes up, and the wealth of the masters multiplies by government mandated interest on bonds and other nice things that a "non owner" can't participate in.
originally posted by: Phage
It was whether income inequality inhibits economic mobility.