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Mon May 20, 2019, 09:54 AM

The wealthy elite increasingly recognises that the socioeconomic status quo in the US is unsustainab

CEO of JP Morgan Chase Jamie Dimon (ranked 1,717th) also noted earlier this year that: "A big chunk of [Americans] have been left behind […] Forty percent of Americans make less than $15 an hour. Forty percent can't afford a $400 bill, whether it's medical or fixing their car. Fifteen percent of Americans make minimum wages, 70,000 die from opioids."

Indeed, the growing impoverishment and despair that are plaguing our country are hard to miss. The US also has the highest rate of income inequality among Western nations, with the top one percent claiming 40 percent of US wealth in 2016, in contrast to a 25 to 30 percent share in the 1980s. According to the rather conservative estimates of the US Census Bureau, around 14 percent of the population or 45 million live in poverty. According to the UN, 8.5 million of them face extreme poverty and 5.3 million suffer in "Third World conditions of absolute poverty".

But in reality, many more Americans struggle to secure a dignified life for themselves and their families. A damning report published by the UN in 2018 found that: "High child and youth poverty rates perpetuate the intergenerational transmission of poverty very effectively, and ensure that the American dream is rapidly becoming the American illusion. The equality of opportunity, which is so prized in theory, is in practice a myth, especially for minorities and women, but also for many middle-class White workers."

https://www.aljazeera.com/indepth/opinion/percent-worried-190505112051522.html

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Reply The wealthy elite increasingly recognises that the socioeconomic status quo in the US is unsustainab (Original post)
lambchopp59 May 20 OP
shanny May 20 #1
Skittles May 20 #3
iscooterliberally May 20 #4
donkeypoofed May 20 #2
lsewpershad May 20 #5

Response to lambchopp59 (Original post)

Mon May 20, 2019, 10:40 AM

1. these guys consider themselves the smartest people in the room.

Why are they are the last to learn?

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Response to shanny (Reply #1)

Mon May 20, 2019, 11:01 AM

3. oh they knew

they just did not care while they were acquiring massive wealth

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Response to shanny (Reply #1)

Mon May 20, 2019, 11:19 AM

4. Upton Sinclair answered this long ago:

“It is difficult to get a man to understand something, when his salary depends on his not understanding it.”

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Response to lambchopp59 (Original post)

Mon May 20, 2019, 10:40 AM

2. The 2016 Election was a message about this !

Michael Moore, who rightly predicted Cheatolini would win, stated "That certain voters wanted to throw a bomb into the system that had hurt them" - and he meant this system; the one that still exists today.

I still cant believe how Trumpers believe wholeheartedly in a man who purports to be a billionaire who is proud of not paying taxes. That tax money could have helped them! Geez. And they laugh and clap at this.

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Response to lambchopp59 (Original post)

Mon May 20, 2019, 11:53 AM

5. BS

they don't give a shit.

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