We are witnessing the greatest wealth discrepancy in world history. Only AOC, Bernie Sanders and a few other talk about it.
See these excerpts and then read the entire commentary.
Sincerely,
Ed
Number One
The income disparity in our country is at record levels as reported by the Congressional Budget Office. The income gap between the rich and everyone else is stunning. Income disparities are now so pronounced that America’s richest 1% of households averaged 139 times as much income as the bottom 20% in 2021.
Number Two
The wealth disparity is just as shameful. Statista reported that in the first quarter of 2024, almost two-thirds of the total wealth in the United States was owned by the top 10%; the lowest 50% only owned 2.5% of the total wealth.
Number Three
The economic empire of the U.S. is presently over, done, finished.
Our demise began when corporations moved to countries with low wages, regulations were minimal or nonexistent, and unions were absent. This was paradise for the corporate owner class.
This trend is continuing, and those good paying jobs are gone with no reason to return despite the bluster and gibberish emanating from the Trump administration.
A Jeremiad for the Working People of the United States
The prevailing issue that demands consensus is the economic exploitation and deprivation of our economic model for working people of all demographics.