In the midst of the worst economic downturn since the Great Depression of the 1930s, and with Republicans wanting to extend the Bush tax cuts to the wealthy while calling for cuts in government spending, a new economic report by an economics professor shows just how much the Bush tax cuts to the wealthy in the past ten years have made for an extremely stratified society! 🙁
The report shows that the top 20 percent of the population now control and own 85 percent of the wealth of this country!
The next 40 percent own or control about 14 percent of the wealth!
The bottom 40 percent have less than one percent of the wealth, with many in that category having negative wealth with no hope of bettering their lives at any time in the future! 🙁
Considering the seriousness of the inequity of wealth and income in this country, how can anyone justify more tax cuts to the wealthy, which would add $700 billion to the national debt over the next ten years, requiring even greater cuts in social programs? 🙁
How can anyone justify such proposals as to end unemployment compensation, eliminate the minimum wage, privatize Social Security and Medicare, gut the new health care law, and cut education funding, among other terrible suggestions by the Republican party? 🙁
If this kind of social injustice is allowed to continue, it is really going to make many people desperate, and that endangers the public safety, as desperate people will turn to crime and bloodshed to feed and house their families! 🙁
You cannot kick people around endlessly, and show lack of concern for fellow human beings, and expect a peaceful, nonviolent response in return! 🙁