DO THE WORDS “FRENCH REVOLUTION” RING A BELL?

RISING INCOME INEQUALITY

It’s easy to see that a massive wealth transfer began in America in the 1980s. The logical conclusion is that Reaganomics, a.k.a. Trickle Down Economics, has dramatically harmed our country.

Eventually, the 1% will be forced to face the masses and explain just why it is fair for them to be raking in the overwhelming majority of the economic gains, while everyone else is living paycheck to paycheck.

Check out this Forbes article, “Average America vs The One Percent.”

Forbes tells us that, there is a fallacy about hard work: “It’s a common belief in America that all people have the same opportunity for success as the top 1 percent. Most people consider success to be a by-product of hard work, and hard work is something that Americans are extremely familiar with. In fact, Americans have increased productivity by 80 percent since 1979; unfortunately, their income hasn’t risen accordingly, if at all.”

The New York Times reported in October 2012, “Income inequality has soared to the highest levels since the Great Depression and the recession has done little to reverse the trend, with the top 1 percent of earners taking 93 percent of the income gains in the first full year of the recovery.”

The question is: What will it take to make them face up to America’s economic inequality? And, what will it take to force them to face the fact that income inequality produces a weaker economy for all of us? Here’s another great Forbes article on how damaging it is to the economy for this income inequality to continue, “How Income Inequality Is Damaging the U.S.”

In the long run, our nation’s elite are thinking short-term. And … one day, maybe sooner rather than later, the masses will demand an answer. Will the 1% be able to handle that?

WHAT WILL THEY SAY? “LET THEM EAT CAKE!” ???