From this graphic is easy to see how income inequality is key to the development of countries. The ability of a country to not only be rich (in total), but have that more equally spread among the population is the leverage of the economy, industry and quality of life. What is happening in the USA since the 80s, is also happening in Europe, and the crisis, made by the rich, but paid by all, contribute to this. Concentration of money in few people, helps them to take over the governments, hold high barriers to the entrance of anyone based on their merits or work (the american dream), while continues to increase their wealth. At the same time, money is drawn from the real economy, destroying industry, increasing unemployment, at the same time that people have their quality of life decrease, as the governments become also poor. The question is not the merits of being rich, but the huge advantage that rich people have in becoming even more rich at the cost of enforcing other to become poorer (low wages, public debt, high taxes for workers vs. low taxes for capital). Do not call ourselves a democracy when we are basically an oligarchy with fake elections (who holds the money, holds the media, holds what people perceive).
Posted on: Mon, 10 Nov 2014 16:19:38 +0000
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