October 31, 2011

No Taking From The Poor And Giving To The Rich Monday

In the US, the Congressional Budget Office released a major report recently, showing that average household income for the top 1 percent of earners increased 275% from 1979 to 2007 while increasing just 18% for the bottom 20 percent of earners. - source
Massive income inequality has a corrosive effect. However, the methods used to build and maintain income inequality among a population are damaging to more than the social fabric of a nation.

The methods used by the top 1% exploit workers and the environment to the point of exhaustion. It is not sustainable.

It is even worse when the people we vote to represent us take the side of the exploiters, creating a near-impenetrable wall of power and influence. But it can not go on for ever.

Our economies, along with the exploitation by the top 1%, depend on infinite growth within a finite system. It has become obvious that the people and the environment, being finite and only able to take so much, have reached their functional limits.

The nefarious ways of the One Percent are doomed to failure, and will end eventually.

Fortunately, for the benefit of the planet and the majority of its inhabitants, it is looking like that will be sooner rather than later.

No comments:

Post a Comment

Discussion and debate is welcome on NBA. I believe that this can be done via courteous, concise comments relevant to the topic of the post, whether or not they agree with the views expressed.

Comments containing profanity, abusive language, or baiting will be deleted.

Comments with a user name attached above, or in a sign off in the text, are appreciated. It lets us meet on common ground, and get to know each other better.

I answer comments depending on what is happening in my life, and how much gardening, cooking, hiking, and music making needs to be done. I am also a full time caregiver to the beautiful Linda, partner in our joyous, simple life.

Click the "notify me" box to be updated on the thread by email.

Note: Comments are moderated to eliminate links to commercial interests. We are proudly a no selling, no buying website. Spammers take note. Please.

Related Posts Plugin for WordPress, Blogger...