How the 1% is Hurting the Country (part 1)



Can you afford a lobbyist? Will you get a fair shake without one?

I would like to share a link to a single article that I believe every American should read. The article puts some intellectual firepower behind the discontent of the 99% movement, which they themselves could not articulate and most did not fully understand: that the country has become a plutocracy which harms democracy, justice and fairness. Furthermore, the greed of the 1% and the income and wealth inequality that currently exists in the US is not only harming the country and many in the 99% but it is harming the 1% as well. Since people in the 1% control almost all of the news media in the country, they were able to mis-characterize the 99% movement as lazy free-loaders. Similarly, they re-directed the anger of the TEA Party movement from the abuses of big banks to instead demanding from government that the taxes on the rich can never be raised. The article brilliantly explains why our current economic structure is bad for everyone, including those currently benefiting from it.

http://www.vanityfair.com/politics/2012/05/joseph-stiglitz-the-price-on-inequality

~R. Charan Pagan
information systems technologist, musician, writer, filmmaker
Los Angeles, CA 90017
http://www.reclaimingourbirthright.blogspot.com/