(Community Matters) Seriously, further consolidation of wealth and/or income risks the trust and optimism which are the fabric of our democracy. A 20th century study found that Americans didn’t begrudge the disparities in wealth b/c they felt opportunity was open to everyone and that their children would do better than them. And, growth of America’s middle class is what drove America’s economic engine. We are losing too many members of the middle class today – we have been for the last decade.
NICHOLAS D. KRISTOF in the New York Times
“And then I see members of Congress in my own country who argue that it would be financially reckless to extend unemployment benefits during a terrible recession, yet they insist on granting $370,000 tax breaks to the richest Americans. I don’t know if that makes us a banana republic or a hedge fund republic, but it’s not healthy in any republic”
Community Matters 