robertogreco + instability + revolution   2

Of the 1%, by the 1%, for the 1% | Society | Vanity Fair
"Americans have been watching protests against oppressive regimes that concentrate massive wealth in hands of an elite few. Yet in our own democracy, 1% of the people take nearly a quarter of nation’s income—an inequality even the wealthy will come to regret."

"Of all the costs imposed on our society by top 1%, perhaps the greatest is this: the erosion of our sense of identity, in which fair play, equality of opportunity, & a sense of community are so important. America has long prided itself on being a fair society, where everyone has an equal chance of getting ahead, but statistics suggest otherwise: the chances of a poor citizen, or even middle-class citizen, making it to the top in America are smaller than in many countries of Europe. The cards are stacked against them. It is this sense of an unjust system w/out opportunity that has given rise to conflagrations in Middle East: rising food prices and growing and persistent youth unemployment simply served as kindling."

[via: http://scudmissile.tumblr.com/post/4314478188/of-all-the-costs-imposed-on-our-society-by-the-top ]
inequality  politics  economics  government  wealth  josephstiglitz  2011  society  insecurity  revolution  rebellion  instabiity  us  protests  wealthdistribution  instability  from delicious
april 2011 by robertogreco
Tax the Super Rich now or face a revolution Paul B. Farrell - MarketWatch
"1. Warning: Super Rich want tax cuts, creating youth unemployment… 2. Warning: rich get richer on commodity prices, poor get angrier… 3. Warning: Global poor ticking time bomb targeting Super Rich… 4. Warning: Next revolution coming across ‘Third World America’… 5. Warning: Super Rich must be detoxed of their greed addiction… 6. Warning: Politicians infected by Super-Rich Delusion, revolution"
politics  economics  taxes  us  superrich  wealth  2011  thirdworldamerica  poor  poverty  unemployment  disparity  incomegap  global  rich  youth  revolution  paulfarrell  greed  instabiity  greatdepression  greatrecession  greatrepression  commodities  food  wealthdistribution  instability  from delicious
april 2011 by robertogreco

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