Here’s my latest blog on “Poverty & Wealth in America”: goo.gl/nogXN0 In November 2012 the US Census Bureau said more than 16% of the population (50 million people) live in poverty. “The American Dream” is our country’s ethos – this is the American nightmare. Meanwhile, America has more millionaires and billionaires than any country in the world. But still, there is strong opposition to raising the minimum wage to $ 10.10, claiming that it will destroy 500,000 jobs. In a TED speech, Nick Hanauer, a Seattle-based entrepreneur and self-proclaimed plutocrat says, No society can sustain this kind of rising inequality. If we don’t do something to fix the glaring inequities, the pitchforks are coming for us. Twenty years from now, America will have either successfully transitioned from our current economic growth paradigm to a new model of sustainable capitalism. If not, we will be inevitably be suffering the calamitous consequences of our failure to do so. Your comments will be appreciated - either through this list, or directly via the blog. Jim Pinto
Posted on: Sun, 23 Nov 2014 20:46:18 +0000
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