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THE EEL
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Subject: agree
In past decade, the top 1 percent of income earners in US have seen their income go up 275%, while the lowest quintile only 18 percent. People on the right crow about Obama wanting to redistribute income, without acknowledging the fact that since Reagan, income HAS been distributed up. The middle class that made the USA "great" has been greatly weakened. Upper income earners benefit from tax breaks while lower income earners, relying mostly on wages, cant escape the taxes.
Since Reagan, we have made a virtue of the pursuit of material extravagence. We have also seen the other face of private affluence: "broken highways, bankrupt cities, collapsing bridges, failed schools. Even as we spend billions of dollars in Afghanistan, we fret nervously at the implications of any increase in public spending on social services or infrastructure". Tony Judt, (Ill Fares the Land). "As recently as the 1970's, the idea that the point of life was to get rich would have been ridiculed." And here is the GOP dangling this chance to be super rich, while what makes the USA great-great schools, great parks, the interstate system, a great health care system, a strong and large middle class-are crumbling. "Historically, it has been the insolence and dominating ambition of the wealthy that has led to the decline of the great republics." ( Roger D Hodge, The Mendacity of Hope)
Eddie is right, the people have been dazzled by the prospect of being lucky enough to be rich, and the people are to blame for letting things get like they are. Which is what, I think, the occupy "movement" is reacting to.


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Time Posted: October 28 2011 02:31 pm EDT
Last updated: October 28 2011 02:44 pm EDT


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