Wednesday, September 24, 2014

rhythm nation.

a moment of clarity.


words.

"There is something out of whack in America. Instead of promoting equality, public policy has left millions locked into lives of restricted opportunity while bestowing the benefits of growth on the very few.

 We know this and yet we let it continue.

 ...Not only has the wealth of the very rich doubled since 2000, but corporate revenues are at record levels. From 2000 to the present, quarterly corporate after-tax profits have risen from $529 billion to $1.5 trillion. On an annual basis, growth was from $2.1 trillion to $6 trillion in annual after-tax profits.

...The question is: Why don’t we have redistributive mechanisms in place to deploy the trillions of dollars in new wealth our economy has created to shore up the standard of living of low- and moderate-income workers, to restore financial stability to Medicare and Social Security, to improve educational resources and to institute broader and more reliable forms of social insurance?"

THE NEW YORK TIMES: America Out of Whack

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