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yeah I know you did not ask!
Can you imagine how much better off we would all be if we gave up the myth that is the Horatio Alger story? We are all so concentrated on believing that we can go from rags to riches that we do not allow ourselves to invest in community wealth that would benefit us all.
A couple quotes from the Nicholas Kristof editoral linked to below:
A Hedge Fund Republic? Nicholas Kristof in the New York Times
“But there is also a larger question: What kind of a country do we aspire to be? Would we really want to be the kind of plutocracy where the richest 1 percent possesses more net worth than the bottom 90 percent?’
“I’m appalled by our growing wealth gaps because in my travels I see what happens in dysfunctional countries where the rich just don’t care about those below the decks. The result is nations without a social fabric or sense of national unity. Huge concentrations of wealth corrode the soul of any nation.”
I’ve been watching and crying over this growing problem for years. Part of me just cannot understand how in a democratic society where the vast majority of folks are in the middle and lower economic classes this happened. After all 9 to 1 should win ever time, right?
In large part it has happened because both political parties are unabashedly junkies when it comes to financing political campaigns. Continue reading “Huge concentrations of wealth corrodes the soul of any nation”