A Rising Tide Lifts All Yachts
At what appears to be a critical juncture in our history and the history of inequality in this country, here are nine questions we need to ask about who we are and what will become of us.
Via Moyers & Company:
This post originally appeared at TomDispatch.
Last year eight Americans — the four Waltons of Wal-Mart fame, the two Koch brothers, Bill Gates and Warren Buffett — made more money than 3.6 million American minimum-wage workers combined. The median pay for CEOs at America’s large corporations rose to $10 million per year, while a typical chief executive now makes about 257 times the average worker’s salary, up sharply from 181 times in 2009. Overall, 1 percent of Americans own more than a third of the country’s wealth.
As the United States slips from its status...