Personal Income in America..."The aggregate income measured the combined income earned by all persons in a particular group. In 2018, the total personal income earned in the United States was $17.6 trillion. In 2008, all households in the United States earned roughly $12,442.2 billion. One half, 49.98% of all income in the US was earned by households with an income over $100,000, the top twenty percent. Over one quarter, 28.5%, of all income was earned by the top 8%, those households earning more than $150,000 a year." Pew Research
It all boils down to the horrible way our nation has allowed a huge chasm to develop between the haves and have-nots. We have a handful of our richest and most powerful citizens calling the shots for the rest of us. A mere handful of people in America own more than 50% of the total wealth. That would not normally be a problem, until we allow them to buy politicians, let them start rewriting our laws to suit themselves, and then watch them turn our democracy into an autocracy or authoritarian rule. The rich, when left to their own devices, will always find a way to rule over the rest of the people.
We, the greatest democracy in the world, will not survive this catastrophe. Greed begets money, money begets more greed, and more greed begets more money, and more money begets power, and power begets total power!
The Ninety-One Percenters need to decide it isn't in the best interest of the country to let the Nine Percent ruin their democracy!
No comments:
Post a Comment