Canceling my newspaper subscription. Turning off ABC Radio and NPR. Forget TV.
We are going to hell in a handbasket.
Democrats are caving in. Obama does things I don't like.
Americans now have the biggest economic divide of any first-world country and the gap between rich and poor is overwhelming world-wide
*74 people made as much as the 19 million lowest-paid people in America
* More than 50% of the world's assets are owned by the richest 2% of adults
Ira Writes is a shocking compendium of the income gap, in the U.S. and worldwide:
A few samples:
U.S.A. - CORPORATE KINGS & WORKER PEASANTS - 2001 (Time, 6/17/02, 52)
1980: Average CEO: 40x pay of average factory worker
2000: Average CEO: 531x pay of average factory worker
...
THE WORLD - 1998 (N.Y. Times, 9/27/98, Section 4, 16)
3 richest people in the world have assets exceeding combined GDP of the 48 least developed nations.
THE WORLD - Late 1990's (Witness For Peace Newsletter, Summer/Fall 1999)
Estimated 1.3 billion people live on less than $1 a day.
THE WORLD - 2001 (N.Y. Times, 11/8/01, A12)
Half of world lives on $2 a day or less.
2 SEVERANCE PACKAGES - 2001 (N.Y. Times, 4/10/02, C6)
Jacques E. Nasser, CEO Ford Motor Co. - $23 million (Ford lost $5.5 billion in 2001)
- 2001 (N.Y. Times, 5/30/02, A1)
Charles L. Watson, Dynergy - $40 million