Posts tagged “Wealth gap”
August 3, 2012
“The gap between the wealth of America’s most awesomely affluent and everyone else is holding steady…But wasteful consumption can’t explain the inequality paradox either. Deep pockets in America’s top 0.01 percent could shell out $5,000 every single day of the year and still have 93 percent of their annual incomes left to spend”
According to Sam Pizzigati, author of The Rich Don’t Always Win, the wealthiest percent of Americans are increasing their earnings over time, but the wealth gap is still holding steady. What explains this phenomenon? Secret global tax havens! Read Pizzati’s full article uncovering the mystery here on Counterpunch.
The Rich Don’t Always Win speaks directly to the political hopelessness so many Americans feel. By tracing how average Americans took down plutocracy over the first half of the 20th Century—and how plutocracy came back—Pizzigati’s book outfits the 99% with a deeper understanding of what we need to do to get the United States back on track to the American dream.