Profound Insult

“>>"it's a profound insult to the richest country on Earth. " http://www.huffingtonpost.com/les-leopold/why-are-we-afraid-to-crea_b_487041.html

When the distribution of wealth is so out of wack , it's hard to believe that calling us 'the richest country on Earth' really means anything. America has the widest income distribution of any industrialized country on the planet. The wealthiest 1 percent of families owns roughly 34.3% of the nation's net worth, the top 10% of families owns over 71%, and the bottom 40% of the population owns way less than 1%.

Rather than saying 'America is the richest country on Earth', I think it is more accurate to say this: 'America is a country that contains a number of very very rich people.' A big part of the population is using some form of government assistance, and a majority require credit to supplement their income. As a country, we borrow more than any on Earth. So I don't know how 'rich' we really are.

We got to this point because America's rich have successfully underpaid labor or outsourced it, for a long time. We are not going to create good high-paying jobs because the sliver of Rich People do not want to reverse this process. They won. They bought the politicians and the media and they're not going to start creating American jobs again unless it works for their bottom line.”