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Excellent Al Jazeera story analyzing the 1% (vid)

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Rabblevox Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Nov-06-11 01:18 PM
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Excellent Al Jazeera story analyzing the 1% (vid)
http://english.aljazeera.net/programmes/faultlines/2011/08/201181125338194522.html
(Video is 25 min. Well worth the time)

The richest one per cent of Americans earn nearly a quarter of the country's income and control an astonishing 40 per cent of its wealth.

Inequality in the US is more extreme than it has been in almost a century - and the gap between the super-rich and the poor and middle class people has widened drastically over the last 30 years.

Meanwhile, in Washington, a bitter partisan debate over how to cut deficit spending and reduce the US' $14.3 trillion debt is underway. As low and middle class wages stagnate and unemployment remains above nine per cent, Republicans and Democrats are tussling over whether to slash funding for the medical and retirement programmes that are the backbone of the US' social safety net, and whether to raise taxes - or to cut them further.

The budget debate and the economy are the battleground on which the 2012 presidential election race will be fought. And the US has never seemed so divided - both politically and economically.

How did the gap grow so wide, and so quickly? And how are the convictions, campaign contributions and charitable donations of the top one per cent impacting the other 99 per cent of Americans? Fault Lines investigates the gap between the rich and the rest.
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Douglas Carpenter Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Nov-06-11 02:06 PM
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1. thank you...an absolutely excellent report!!! knr
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L0oniX Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Nov-06-11 03:00 PM
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2. Excellent ...a must watch video for DU. Notice all the flag patches on everyone...
who works in the NY Stock Exchange ...including the gigantic flag hanging on the front of the building.

THIS IS THE FLAG THAT OWS IS STOMPING ON!

IMO those flags in no way represent me or my common fellow US citizens. It's a kind of religious sickness were the flag is worshiped and bowed down to. It's the flag that represents the 1% not those 20 million Americans living in abject poverty or the 50 million with no health care or the 40 million unemployed, nor does it represent those who about to loose a portion of SS and Medicare enough to cause them to die sooner and live in miserable poverty in their old age. It's morally disgusting. SOCIOPATHS!
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Rabblevox Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Nov-06-11 11:11 PM
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3. kick. this is seriously worth a watch.
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Karenina Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-07-11 05:11 AM
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4. Fault Lines never disappoints!
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